CORNACA: 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.
CORNACA
Largest movements
- Tangible fixed assets -€33,663
down €33,663 (-5.7%), from €588,669 to €555,006
- Receivables within one year +€23,736
up €23,736 (+53.3%), from €44,499 to €68,235
- Debts after one year -€28,499
down €28,499 (-5.0%), from €568,435 to €539,936
- Revaluation surpluses -€20,158
down €20,158 (-5.2%), from €388,526 to €368,368
- Reserves +€20,158
up €20,158 (+43.8%), from €45,974 to €66,132
of which Distributable reserves: +€20,158
- Trade debts +€17,220
up €17,220 (+125.1%), from €13,760 to €30,980
- Gross operating margin +€55,437
up €55,437 (+1707.9%), from €3,246 to €58,683
- Financial charges +€4,217
up €4,217 (+33.0%), from €12,776 to €16,993
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 | €698,071 | €687,274 | -€10,796 | -1.5% |
| Fixed assets | 21/28 | €652,170 | €618,508 | -€33,663 | -5.2% |
| Tangible fixed assets | 22/27 | €588,669 | €555,006 | -€33,663 | -5.7% |
| Land and buildings | 22 | €588,669 | €555,006 | -€33,663 | -5.7% |
| Financial fixed assets | 28 | €63,501 | €63,501 | = | 0.0% |
| Current assets | 29/58 | €45,900 | €68,767 | +€22,867 | +49.8% |
| Amounts receivable within one year | 40/41 | €44,499 | €68,235 | +€23,736 | +53.3% |
| Other amounts receivable | 41 | €44,499 | €68,235 | +€23,736 | +53.3% |
| Current investments | 50/53 | €491 | €491 | = | 0.0% |
| Cash at bank and in hand | 54/58 | €910 | €41 | -€869 | -95.5% |
| Total equity and liabilities | 10/49 | €698,071 | €687,274 | -€10,796 | -1.5% |
| Equity | 10/15 | €103,852 | €99,694 | -€4,158 | -4.0% |
| Contributions | 10/11 | €50,000 | €50,000 | = | 0.0% |
| Revaluation surpluses | 12 | €388,526 | €368,368 | -€20,158 | -5.2% |
| Reserves | 13 | €45,974 | €66,132 | +€20,158 | +43.8% |
| Non-distributable reserves | 130/1 | €4,500 | €4,500 | = | 0.0% |
| Reserves not available under the articles | 1311 | €4,500 | €4,500 | = | 0.0% |
| Distributable reserves | 133 | €41,474 | €61,632 | +€20,158 | +48.6% |
| Profit (loss) carried forward | 14 | -€380,648 | -€384,807 | -€4,158 | -1.1% |
| Amounts payable | 17/49 | €594,219 | €587,581 | -€6,638 | -1.1% |
| Amounts payable after more than one year | 17 | €568,435 | €539,936 | -€28,499 | -5.0% |
| Financial debts | 170/4 | €568,435 | €539,936 | -€28,499 | -5.0% |
| Amounts payable within one year | 42/48 | €25,784 | €47,645 | +€21,860 | +84.8% |
| Current portion of amounts payable after more than one year | 42 | €9,644 | €9,975 | +€331 | +3.4% |
| Financial debts | 43 | - | €1,110 | +€1,110 | |
| Credit institutions | 430/8 | - | €1,110 | +€1,110 | |
| Trade debts | 44 | €13,760 | €30,980 | +€17,220 | +125.1% |
| Suppliers | 440/4 | €13,760 | €30,980 | +€17,220 | +125.1% |
| Other amounts payable | 47/48 | €2,380 | €5,580 | +€3,200 | +134.5% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €33,663 | €33,663 | = | 0.0% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | €14,226 | €14,672 | +€446 | +3.1% |
| Gross operating margin | 9900 | €3,246 | €58,683 | +€55,437 | +1707.9% |
| Operating profit (loss) | 9901 | -€44,643 | €10,348 | +€54,991 | |
| Financial income | 75/76B | €2,576 | €2,486 | -€90 | -3.5% |
| Recurring financial income | 75 | €2,576 | €2,486 | -€90 | -3.5% |
| Financial charges | 65/66B | €12,776 | €16,993 | +€4,217 | +33.0% |
| Recurring financial charges | 65 | €12,776 | €16,993 | +€4,217 | +33.0% |
| Profit (loss) for the period before taxes | 9903 | -€54,843 | -€4,158 | +€50,685 | +92.4% |
| Profit (loss) for the period | 9904 | -€54,843 | -€4,158 | +€50,685 | +92.4% |
| Profit (loss) for the period to be appropriated | 9905 | -€54,843 | -€4,158 | +€50,685 | +92.4% |
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 6 October 2026 via checked.be.