CORBEO: what changed
Two fiscal 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.
What changed
CORBEO
NACE 13.940, Manufacture of textiles
fiscal year 2024 against 2025filed annual accounts (NBB)
Net result for the year
-€55,708
2024 · €26,816-€82,523
Equity
€1.8m
2024 · €1.9m-€55,708
Cash
€199,817
2024 · €184,334+€15,483
Balance sheet total
€3.1m
2024 · €3.5m-€438,414
Largest movements
Assets
- Stocks and contracts -€406,102
down €406,102 (-21.5%), from €1.9m to €1.5m
- Tangible fixed assets -€251,442
down €251,442 (-29.7%), from €846,317 to €594,875
of which Leasing and similar rights: -€131,917
- Receivables within one year +€155,195
up €155,195 (+29.8%), from €520,072 to €675,267
of which Trade receivables: +€151,441
- Intangible fixed assets +€58,801
up €58,801 (+473.5%), from €12,419 to €71,220
Equity and liabilities
- Debts after one year -€324,654
down €324,654 (-42.9%), from €757,396 to €432,742
- Reserves -€55,708
down €55,708 (-3.2%), from €1.8m to €1.7m
of which Distributable reserves: -€55,708
Income statement
- Gross operating margin -€204,338
down €204,338 (-13.1%), from €1.6m to €1.4m
- Staff costs -€107,985
down €107,985 (-9.8%), from €1.1m to €994,003
- Financial charges -€33,182
down €33,182 (-26.9%), from €123,295 to €90,114
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.
Result 2024
€26,816
Gross operating margin
-€204,338
Staff costs
+€107,985
Depreciation
-€6,142
Write-downs
-€6,506
Other operating charges
-€13,835
Other operating items
-€9,240
Financial income
+€3,741
Financial charges
+€33,182
Taxes
+€12,630
Result 2025
-€55,708
Cash bridge derived
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.
From operations
+€481,453
Investment
-€115,009
Financing
-€350,961
Cash 2024
€184,334
From operations (derived)
+€481,453
Net result for the year
-€55,708
Depreciation
+€307,650
Stocks and contracts
+€406,102
Receivables within one year
-€155,195
Deferred charges and accrued income
+€10,348
Trade debts
+€1,091
Tax, wage and social debts
-€32,623
Advances received
-€3,291
Accrued charges and deferred income
+€3,078
Investment (derived)
-€115,009
Investment in fixed assets (net)
-€115,009
Financing
-€350,961
Debts after one year
-€324,654
Current portion of long-term debt
-€26,307
Cash 2025
€199,817
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €3,491,450 | €3,053,036 | -€438,414 | -12.6% |
| Fixed assets | 21/28 | €858,736 | €666,095 | -€192,641 | -22.4% |
| Intangible fixed assets | 21 | €12,419 | €71,220 | +€58,801 | +473.5% |
| Tangible fixed assets | 22/27 | €846,317 | €594,875 | -€251,442 | -29.7% |
| Plant, machinery and equipment | 23 | €571,663 | €502,476 | -€69,187 | -12.1% |
| Furniture and vehicles | 24 | €109,858 | €59,521 | -€50,337 | -45.8% |
| Leasing and similar rights | 25 | €160,216 | €28,298 | -€131,917 | -82.3% |
| Other tangible fixed assets | 26 | €4,580 | €4,580 | = | 0.0% |
| Current assets | 29/58 | €2,632,713 | €2,386,941 | -€245,773 | -9.3% |
| Stocks and contracts in progress | 3 | €1,890,430 | €1,484,328 | -€406,102 | -21.5% |
| Stocks | 30/36 | €1,890,430 | €1,484,328 | -€406,102 | -21.5% |
| Amounts receivable within one year | 40/41 | €520,072 | €675,267 | +€155,195 | +29.8% |
| Trade receivables | 40 | €500,408 | €651,850 | +€151,441 | +30.3% |
| Other amounts receivable | 41 | €19,664 | €23,417 | +€3,753 | +19.1% |
| Cash at bank and in hand | 54/58 | €184,334 | €199,817 | +€15,483 | +8.4% |
| Deferred charges and accrued income | 490/1 | €37,877 | €27,529 | -€10,348 | -27.3% |
| Total equity and liabilities | 10/49 | €3,491,450 | €3,053,036 | -€438,414 | -12.6% |
| Equity | 10/15 | €1,853,515 | €1,797,808 | -€55,708 | -3.0% |
| Contributions | 10/11 | €100,000 | €100,000 | = | 0.0% |
| Capital | 10 | €100,000 | €100,000 | = | 0.0% |
| Issued capital | 100 | €100,000 | €100,000 | = | 0.0% |
| Reserves | 13 | €1,753,515 | €1,697,808 | -€55,708 | -3.2% |
| Non-distributable reserves | 130/1 | €10,000 | €10,000 | = | 0.0% |
| Legal reserve | 130 | €10,000 | €10,000 | = | 0.0% |
| Tax-exempt reserves | 132 | €35,400 | €35,400 | = | 0.0% |
| Distributable reserves | 133 | €1,708,115 | €1,652,408 | -€55,708 | -3.3% |
| Amounts payable | 17/49 | €1,637,934 | €1,255,228 | -€382,706 | -23.4% |
| Amounts payable after more than one year | 17 | €757,396 | €432,742 | -€324,654 | -42.9% |
| Financial debts | 170/4 | €757,396 | €432,742 | -€324,654 | -42.9% |
| Amounts payable within one year | 42/48 | €870,097 | €808,967 | -€61,130 | -7.0% |
| Current portion of amounts payable after more than one year | 42 | €372,028 | €345,720 | -€26,307 | -7.1% |
| Trade debts | 44 | €294,544 | €295,635 | +€1,091 | +0.4% |
| Suppliers | 440/4 | €294,544 | €295,635 | +€1,091 | +0.4% |
| Advances received on contracts in progress | 46 | €3,291 | €0 | -€3,291 | -100.0% |
| Taxes, remuneration and social security | 45 | €200,234 | €167,612 | -€32,623 | -16.3% |
| Taxes | 450/3 | €54,116 | €55,482 | +€1,367 | +2.5% |
| Remuneration and social security | 454/9 | €146,119 | €112,129 | -€33,989 | -23.3% |
| Accrued charges and deferred income | 492/3 | €10,441 | €13,519 | +€3,078 | +29.5% |
| Remuneration, social security and pensions | 62 | €1,101,988 | €994,003 | -€107,985 | -9.8% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €301,508 | €307,650 | +€6,142 | +2.0% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | -€6,506 | €0 | +€6,506 | |
| Other operating charges | 640/8 | €9,658 | €23,492 | +€13,835 | +143.3% |
| Non-recurring operating charges | 66A | - | €9,240 | +€9,240 | |
| Gross operating margin | 9900 | €1,556,932 | €1,352,593 | -€204,338 | -13.1% |
| Operating profit (loss) | 9901 | €150,284 | €18,208 | -€132,076 | -87.9% |
| Financial income | 75/76B | €13,551 | €17,292 | +€3,741 | +27.6% |
| Recurring financial income | 75 | €13,551 | €17,292 | +€3,741 | +27.6% |
| Financial charges | 65/66B | €123,295 | €90,114 | -€33,182 | -26.9% |
| Recurring financial charges | 65 | €123,295 | €90,114 | -€33,182 | -26.9% |
| Profit (loss) for the period before taxes | 9903 | €40,539 | -€54,614 | -€95,153 | |
| Income taxes | 67/77 | €13,724 | €1,094 | -€12,630 | -92.0% |
| Profit (loss) for the period | 9904 | €26,816 | -€55,708 | -€82,523 | |
| Profit (loss) for the period to be appropriated | 9905 | €26,816 | -€55,708 | -€82,523 |
Source: filed annual accounts (NBB), fiscal years ended 31 December 2024 and 31 December 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 3 October 2026 via checked.be.