CORMANS: 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.
CORMANS
Largest movements
- Cash +€15,392
up €15,392 (+741.3%), from €2,076 to €17,469
mainly Depreciation (+€7,865) and Net result for the year (+€5,730)
- Tangible fixed assets -€5,708
down €5,708 (-31.6%), from €18,053 to €12,345
of which Furniture and vehicles: -€6,333
- Receivables within one year +€2,022
up €2,022 (+14.8%), from €13,648 to €15,670
of which Trade receivables: +€1,125
- Profit (loss) carried forward +€5,730
up €5,730 (+157.7%), from €3,633 to €9,363
- Tax, wage and social debts +€5,537
up €5,537 (+536.3%), from €1,032 to €6,569
- Trade debts +€1,119
up €1,119 (+7.2%), from €15,478 to €16,597
- Other debts -€990
down €990 (-9.0%), from €10,944 to €9,954
- Turnover +€41,938
up €41,938 (+46.3%), from €90,539 to €132,476
- Purchases and services +€36,662
up €36,662 (+46.6%), from €78,724 to €115,386
- Gross operating margin +€5,275
up €5,275 (+44.6%), from €11,815 to €17,090
- Depreciation +€1,616
up €1,616 (+25.9%), from €6,249 to €7,865
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.
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.
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €34,087 | €45,483 | +€11,396 | +33.4% |
| Fixed assets | 21/28 | €18,363 | €12,345 | -€6,018 | -32.8% |
| Intangible fixed assets | 21 | €310 | - | -€310 | |
| Tangible fixed assets | 22/27 | €18,053 | €12,345 | -€5,708 | -31.6% |
| Plant, machinery and equipment | 23 | €2,818 | €3,443 | +€625 | +22.2% |
| Furniture and vehicles | 24 | €15,235 | €8,901 | -€6,333 | -41.6% |
| Current assets | 29/58 | €15,724 | €33,138 | +€17,414 | +110.7% |
| Amounts receivable within one year | 40/41 | €13,648 | €15,670 | +€2,022 | +14.8% |
| Trade receivables | 40 | €8,653 | €9,778 | +€1,125 | +13.0% |
| Other amounts receivable | 41 | €4,995 | €5,891 | +€897 | +18.0% |
| Cash at bank and in hand | 54/58 | €2,076 | €17,469 | +€15,392 | +741.3% |
| Total equity and liabilities | 10/49 | €34,087 | €45,483 | +€11,396 | +33.4% |
| Equity | 10/15 | €6,633 | €12,363 | +€5,730 | +86.4% |
| Contributions | 10/11 | €3,000 | €3,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | €3,633 | €9,363 | +€5,730 | +157.7% |
| Amounts payable | 17/49 | €27,454 | €33,120 | +€5,666 | +20.6% |
| Amounts payable within one year | 42/48 | €27,454 | €33,120 | +€5,666 | +20.6% |
| Trade debts | 44 | €15,478 | €16,597 | +€1,119 | +7.2% |
| Suppliers | 440/4 | €15,478 | €16,597 | +€1,119 | +7.2% |
| Taxes, remuneration and social security | 45 | €1,032 | €6,569 | +€5,537 | +536.3% |
| Taxes | 450/3 | €1,032 | €6,569 | +€5,537 | +536.3% |
| Other amounts payable | 47/48 | €10,944 | €9,954 | -€990 | -9.0% |
| Turnover | 70 | €90,539 | €132,476 | +€41,938 | +46.3% |
| Goods, raw materials, services and sundry goods | 60/61 | €78,724 | €115,386 | +€36,662 | +46.6% |
| Remuneration, social security and pensions | 62 | €487 | €759 | +€273 | +56.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €6,249 | €7,865 | +€1,616 | +25.9% |
| Other operating charges | 640/8 | €414 | €1,108 | +€694 | +167.7% |
| Gross operating margin | 9900 | €11,815 | €17,090 | +€5,275 | +44.6% |
| Operating profit (loss) | 9901 | €4,665 | €7,358 | +€2,692 | +57.7% |
| Financial charges | 65/66B | - | €138 | +€138 | |
| Recurring financial charges | 65 | - | €138 | +€138 | |
| Profit (loss) for the period before taxes | 9903 | €4,665 | €7,220 | +€2,555 | +54.8% |
| Income taxes | 67/77 | €1,032 | €1,490 | +€457 | +44.3% |
| Profit (loss) for the period | 9904 | €3,633 | €5,730 | +€2,097 | +57.7% |
| Profit (loss) for the period to be appropriated | 9905 | €3,633 | €5,730 | +€2,097 | +57.7% |
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 7 October 2026 via checked.be.