CORNELLE BENOIT: 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.
CORNELLE BENOIT
Largest movements
- Cash -€201,943
down €201,943 (-51.7%), from €390,617 to €188,674
mainly Contributions, distributions and other (-€350,000) and Investment in fixed assets (net) (-€5,890)
- Tangible fixed assets -€8,704
down €8,704 (-17.8%), from €48,986 to €40,282
- Receivables within one year -€6,466
down €6,466 (-7.7%), from €83,681 to €77,215
- Profit (loss) carried forward -€229,879
down €229,879 (-52.6%), from €436,701 to €206,822
- Other debts +€16,595
up €16,595 (+17.4%), from €95,566 to €112,161
- Gross operating margin +€10,740
up €10,740 (+6.5%), from €166,093 to €176,834
- Taxes +€2,677
up €2,677 (+7.2%), from €37,281 to €39,958
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 | €550,872 | €336,426 | -€214,446 | -38.9% |
| Fixed assets | 21/28 | €48,986 | €40,282 | -€8,704 | -17.8% |
| Tangible fixed assets | 22/27 | €48,986 | €40,282 | -€8,704 | -17.8% |
| Furniture and vehicles | 24 | €48,986 | €40,282 | -€8,704 | -17.8% |
| Current assets | 29/58 | €501,885 | €296,144 | -€205,742 | -41.0% |
| Stocks and contracts in progress | 3 | €27,588 | €28,431 | +€843 | +3.1% |
| Stocks | 30/36 | €27,588 | €28,431 | +€843 | +3.1% |
| Amounts receivable within one year | 40/41 | €83,681 | €77,215 | -€6,466 | -7.7% |
| Trade receivables | 40 | €83,681 | €77,215 | -€6,466 | -7.7% |
| Cash at bank and in hand | 54/58 | €390,617 | €188,674 | -€201,943 | -51.7% |
| Deferred charges and accrued income | 490/1 | - | €1,823 | +€1,823 | |
| Total equity and liabilities | 10/49 | €550,872 | €336,426 | -€214,446 | -38.9% |
| Equity | 10/15 | €441,701 | €211,822 | -€229,879 | -52.0% |
| Contributions | 10/11 | €5,000 | €5,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | €436,701 | €206,822 | -€229,879 | -52.6% |
| Amounts payable | 17/49 | €109,171 | €124,604 | +€15,433 | +14.1% |
| Amounts payable within one year | 42/48 | €109,171 | €124,604 | +€15,433 | +14.1% |
| Trade debts | 44 | €1,225 | €3,304 | +€2,079 | +170% |
| Suppliers | 440/4 | €1,225 | €3,304 | +€2,079 | +170% |
| Taxes, remuneration and social security | 45 | €12,380 | €9,140 | -€3,240 | -26.2% |
| Taxes | 450/3 | €12,380 | €9,140 | -€3,240 | -26.2% |
| Other amounts payable | 47/48 | €95,566 | €112,161 | +€16,595 | +17.4% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €14,908 | €14,594 | -€314 | -2.1% |
| Other operating charges | 640/8 | €1,212 | €1,152 | -€60 | -5.0% |
| Gross operating margin | 9900 | €166,093 | €176,834 | +€10,740 | +6.5% |
| Operating profit (loss) | 9901 | €149,972 | €161,087 | +€11,115 | +7.4% |
| Financial charges | 65/66B | €1,053 | €1,008 | -€45 | -4.3% |
| Recurring financial charges | 65 | €1,053 | €1,008 | -€45 | -4.3% |
| Profit (loss) for the period before taxes | 9903 | €148,919 | €160,079 | +€11,160 | +7.5% |
| Income taxes | 67/77 | €37,281 | €39,958 | +€2,677 | +7.2% |
| Profit (loss) for the period | 9904 | €111,638 | €120,121 | +€8,482 | +7.6% |
| Profit (loss) for the period to be appropriated | 9905 | €111,638 | €120,121 | +€8,482 | +7.6% |
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 29 October 2026 via checked.be.