Cornerteam: 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.
Cornerteam
Largest movements
- Cash -€35,587
down €35,587 (-17.2%), from €206,991 to €171,404
mainly Contributions, distributions and other (-€130,000) and Other debts (-€31,274)
- Receivables within one year +€27,871
new in 2024: €27,871
- Tangible fixed assets -€25,444
down €25,444 (-6.3%), from €402,601 to €377,157
of which Land and buildings: -€32,376
- Other debts -€31,274
down €31,274 (-20.4%), from €153,197 to €121,922
- Trade debts +€24,602
up €24,602 (+3360.2%), from €732 to €25,335
- Debts after one year -€20,396
down €20,396 (-6.4%), from €316,540 to €296,144
- Gross operating margin -€20,427
down €20,427 (-7.8%), from €261,622 to €241,196
- Other operating charges +€8,275
up €8,275 (+201.0%), from €4,116 to €12,391
- Taxes -€7,988
down €7,988 (-17.6%), from €45,451 to €37,463
- Depreciation -€7,872
down €7,872 (-12.9%), from €61,240 to €53,368
From the 2023 result to the 2024 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 2023 and 2024 balance sheets and the 2024 result: not a filed cash-flow statement. It shows where the money came from and went.
Every line side by side
| Line | Code | 2023 | 2024 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €625,653 | €596,580 | -€29,073 | -4.6% |
| Fixed assets | 21/28 | €402,601 | €377,157 | -€25,444 | -6.3% |
| Tangible fixed assets | 22/27 | €402,601 | €377,157 | -€25,444 | -6.3% |
| Land and buildings | 22 | €327,052 | €294,676 | -€32,376 | -9.9% |
| Plant, machinery and equipment | 23 | €18,804 | €41,550 | +€22,746 | +121.0% |
| Furniture and vehicles | 24 | €56,745 | €40,931 | -€15,814 | -27.9% |
| Current assets | 29/58 | €223,052 | €219,423 | -€3,629 | -1.6% |
| Stocks and contracts in progress | 3 | €16,062 | €20,148 | +€4,087 | +25.4% |
| Stocks | 30/36 | €16,062 | €20,148 | +€4,087 | +25.4% |
| Amounts receivable within one year | 40/41 | - | €27,871 | +€27,871 | |
| Trade receivables | 40 | - | €27,871 | +€27,871 | |
| Cash at bank and in hand | 54/58 | €206,991 | €171,404 | -€35,587 | -17.2% |
| Total equity and liabilities | 10/49 | €625,653 | €596,580 | -€29,073 | -4.6% |
| Equity | 10/15 | €34,482 | €38,086 | +€3,604 | +10.5% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Capital | 10 | €18,600 | €18,600 | = | 0.0% |
| Issued capital | 100 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €14,910 | €14,910 | = | 0.0% |
| Non-distributable reserves | 130/1 | €1,860 | €1,860 | = | 0.0% |
| Legal reserve | 130 | €1,860 | €1,860 | = | 0.0% |
| Distributable reserves | 133 | €13,050 | €13,050 | = | 0.0% |
| Profit (loss) carried forward | 14 | €972 | €4,576 | +€3,604 | +370.6% |
| Amounts payable | 17/49 | €591,171 | €558,494 | -€32,677 | -5.5% |
| Amounts payable after more than one year | 17 | €316,540 | €296,144 | -€20,396 | -6.4% |
| Financial debts | 170/4 | €316,540 | €296,144 | -€20,396 | -6.4% |
| Amounts payable within one year | 42/48 | €274,631 | €262,349 | -€12,281 | -4.5% |
| Current portion of amounts payable after more than one year | 42 | €44,148 | €39,421 | -€4,727 | -10.7% |
| Trade debts | 44 | €732 | €25,335 | +€24,602 | +3360.2% |
| Suppliers | 440/4 | €732 | €25,335 | +€24,602 | +3360.2% |
| Taxes, remuneration and social security | 45 | €76,554 | €75,671 | -€883 | -1.2% |
| Taxes | 450/3 | €66,404 | €65,521 | -€883 | -1.3% |
| Remuneration and social security | 454/9 | €10,150 | €10,150 | = | 0.0% |
| Other amounts payable | 47/48 | €153,197 | €121,922 | -€31,274 | -20.4% |
| Non-recurring operating income | 76A | - | €15,813 | +€15,813 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €61,240 | €53,368 | -€7,872 | -12.9% |
| Other operating charges | 640/8 | €4,116 | €12,391 | +€8,275 | +201.0% |
| Gross operating margin | 9900 | €261,622 | €241,196 | -€20,427 | -7.8% |
| Operating profit (loss) | 9901 | €196,266 | €175,437 | -€20,829 | -10.6% |
| Financial income | 75/76B | €612 | €1,272 | +€660 | +107.9% |
| Recurring financial income | 75 | €612 | €1,272 | +€660 | +107.9% |
| Financial charges | 65/66B | €7,649 | €5,642 | -€2,008 | -26.2% |
| Recurring financial charges | 65 | €7,649 | €5,642 | -€2,008 | -26.2% |
| Profit (loss) for the period before taxes | 9903 | €189,229 | €171,067 | -€18,162 | -9.6% |
| Income taxes | 67/77 | €45,451 | €37,463 | -€7,988 | -17.6% |
| Profit (loss) for the period | 9904 | €143,777 | €133,604 | -€10,174 | -7.1% |
| Profit (loss) for the period to be appropriated | 9905 | €143,777 | €133,604 | -€10,174 | -7.1% |
Source: filed annual accounts (NBB), fiscal years ended 31 December 2023 and 31 December 2024. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 28 September 2026 via checked.be.