CORBEAU TERRA NOVA I: what changed
Two financial years side by side, explained: what moved most in the balance sheet and the result, why the result rose or fell, and where the money went.
CORBEAU TERRA NOVA I
Largest movements
- Stocks and contracts -€1.1m
down €1.1m (-79.9%), from €1.4m to €281,982
- Cash +€629,164
up €629,164 (+804%), from €78,237 to €707,401
mainly Stocks and contracts (+€1.1m) and Net result for the year (+€506,420)
- Receivables within one year -€188,746
down €188,746 (-100%), from €188,746 to €0
- Receivables after one year +€74,241
up €74,241 (+92.2%), from €80,530 to €154,771
- Debts after one year -€1.2m
down €1.2m (-79.2%), from €1.5m to €308,000
of which Other amounts payable: -€977,970
- Reserves +€506,420
up €506,420 (+1,976%), from €25,635 to €532,054
of which Distributable reserves: +€501,551
- Tax, wage and social debts +€168,807
up €168,807 (+1,976%), from €8,545 to €177,351
- Advances received -€63,375
down €63,375 (-51.8%), from €122,275 to €58,900
- Accrued charges and deferred income -€41,826
down €41,826 (-85.4%), from €48,948 to €7,123
- Gross operating margin +€610,798
up €610,798 (+726%), from €84,142 to €694,941
- Taxes +€160,262
up €160,262 (+1,876%), from €8,545 to €168,807
- Financial charges -€28,816
down €28,816 (-57.7%), from €49,919 to €21,103
From the 2024 result to the 2025 result
Each bar is the change in one income-statement line, as its effect on the result: higher costs pull it down, higher income lifts it.
Derived cash bridge
Derived from the 2024 and 2025 balance sheets and the 2025 result: not a filed cash-flow statement. It shows where the money came from and went.
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €1,751,000 | €1,145,057 | -€605,943 | -34.6% |
| Current assets | 29/58 | €1,751,000 | €1,145,057 | -€605,943 | -34.6% |
| Amounts receivable after more than one year | 29 | €80,530 | €154,771 | +€74,241 | +92.2% |
| Other amounts receivable | 291 | €80,530 | €154,771 | +€74,241 | +92.2% |
| Stocks and contracts in progress | 3 | €1,403,405 | €281,982 | -€1.1m | -79.9% |
| Stocks | 30/36 | €1,403,405 | €281,982 | -€1.1m | -79.9% |
| Amounts receivable within one year | 40/41 | €188,746 | €0 | -€188,746 | -100% |
| Trade receivables | 40 | €188,746 | €0 | -€188,746 | -100% |
| Cash at bank and in hand | 54/58 | €78,237 | €707,401 | +€629,164 | +804% |
| Deferred charges and accrued income | 490/1 | €82 | €903 | +€820 | +996% |
| Total equity and liabilities | 10/49 | €1,751,000 | €1,145,057 | -€605,943 | -34.6% |
| Equity | 10/15 | €87,135 | €593,554 | +€506,420 | +581% |
| Contributions | 10/11 | €61,500 | €61,500 | = | 0.0% |
| Capital | 10 | €61,500 | €61,500 | = | 0.0% |
| Issued capital | 100 | €61,500 | €61,500 | = | 0.0% |
| Reserves | 13 | €25,635 | €532,054 | +€506,420 | +1,976% |
| Non-distributable reserves | 130/1 | €1,282 | €6,150 | +€4,868 | +380% |
| Legal reserve | 130 | €1,282 | €6,150 | +€4,868 | +380% |
| Distributable reserves | 133 | €24,353 | €525,904 | +€501,551 | +2,059% |
| Amounts payable | 17/49 | €1,663,865 | €551,502 | -€1.1m | -66.9% |
| Amounts payable after more than one year | 17 | €1,483,970 | €308,000 | -€1.2m | -79.2% |
| Financial debts | 170/4 | €198,000 | €0 | -€198,000 | -100% |
| Other amounts payable | 178/9 | €1,285,970 | €308,000 | -€977,970 | -76.0% |
| Amounts payable within one year | 42/48 | €130,946 | €236,379 | +€105,434 | +80.5% |
| Trade debts | 44 | €126 | €128 | +€2 | +1.6% |
| Suppliers | 440/4 | €126 | €128 | +€2 | +1.6% |
| Advances received on contracts in progress | 46 | €122,275 | €58,900 | -€63,375 | -51.8% |
| Taxes, remuneration and social security | 45 | €8,545 | €177,351 | +€168,807 | +1,976% |
| Taxes | 450/3 | €8,545 | €177,351 | +€168,807 | +1,976% |
| Accrued charges and deferred income | 492/3 | €48,948 | €7,123 | -€41,826 | -85.4% |
| Other operating charges | 640/8 | €126 | €128 | +€2 | +1.6% |
| Gross operating margin | 9900 | €84,142 | €694,941 | +€610,798 | +726% |
| Operating profit (loss) | 9901 | €84,016 | €694,813 | +€610,796 | +727% |
| Financial income | 75/76B | €82 | €1,516 | +€1,434 | +1,742% |
| Recurring financial income | 75 | €82 | €1,516 | +€1,434 | +1,742% |
| Financial charges | 65/66B | €49,919 | €21,103 | -€28,816 | -57.7% |
| Recurring financial charges | 65 | €49,919 | €21,103 | -€28,816 | -57.7% |
| Profit (loss) for the period before taxes | 9903 | €34,180 | €675,226 | +€641,046 | +1,876% |
| Income taxes | 67/77 | €8,545 | €168,807 | +€160,262 | +1,876% |
| Profit (loss) for the period | 9904 | €25,635 | €506,420 | +€480,785 | +1,876% |
| Profit (loss) for the period to be appropriated | 9905 | €25,635 | €506,420 | +€480,785 | +1,876% |
Source: filed annual accounts (NBB), financial years ended 31 December 2024 and 31 December 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 27 October 2026 via checked.be.