CORNET: 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.
CORNET
Largest movements
- Tangible fixed assets +€20,526
up €20,526 (+55.7%), from €36,876 to €57,402
of which Furniture and vehicles: +€25,128
- Receivables within one year +€6,292
up €6,292 (+17.8%), from €35,350 to €41,643
of which Other amounts receivable: +€15,140
- Cash -€5,159
down €5,159 (-6.3%), from €81,834 to €76,675
mainly Investment in fixed assets (net) (-€39,685) and Trade debts (-€7,977)
- Debts after one year +€18,373
up €18,373 (+509.0%), from €3,610 to €21,983
- Trade debts -€7,977
down €7,977 (-55.2%), from €14,447 to €6,470
- Current portion of long-term debt +€5,102
up €5,102 (+83.7%), from €6,097 to €11,199
- Reserves +€3,800
up €3,800 (+9.0%), from €42,040 to €45,840
of which Distributable reserves: +€3,800
- Gross operating margin +€15,991
up €15,991 (+6.8%), from €235,328 to €251,319
- Staff costs +€10,489
up €10,489 (+5.0%), from €208,227 to €218,716
- Depreciation +€7,910
up €7,910 (+70.3%), from €11,249 to €19,159
- Other operating charges +€4,025
up €4,025 (+138.2%), from €2,914 to €6,939
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 | €165,069 | €186,115 | +€21,046 | +12.7% |
| Fixed assets | 21/28 | €36,876 | €57,402 | +€20,526 | +55.7% |
| Tangible fixed assets | 22/27 | €36,876 | €57,402 | +€20,526 | +55.7% |
| Land and buildings | 22 | €24,828 | €20,706 | -€4,122 | -16.6% |
| Plant, machinery and equipment | 23 | €2,456 | €1,977 | -€480 | -19.5% |
| Furniture and vehicles | 24 | €9,591 | €34,719 | +€25,128 | +262.0% |
| Current assets | 29/58 | €128,193 | €128,713 | +€520 | +0.4% |
| Stocks and contracts in progress | 3 | €3,944 | €5,127 | +€1,183 | +30.0% |
| Stocks | 30/36 | €3,944 | €5,127 | +€1,183 | +30.0% |
| Amounts receivable within one year | 40/41 | €35,350 | €41,643 | +€6,292 | +17.8% |
| Trade receivables | 40 | €8,848 | - | -€8,848 | |
| Other amounts receivable | 41 | €26,503 | €41,643 | +€15,140 | +57.1% |
| Cash at bank and in hand | 54/58 | €81,834 | €76,675 | -€5,159 | -6.3% |
| Deferred charges and accrued income | 490/1 | €7,064 | €5,268 | -€1,796 | -25.4% |
| Total equity and liabilities | 10/49 | €165,069 | €186,115 | +€21,046 | +12.7% |
| Equity | 10/15 | €140,915 | €144,715 | +€3,800 | +2.7% |
| Contributions | 10/11 | €62,000 | €62,000 | = | 0.0% |
| Reserves | 13 | €42,040 | €45,840 | +€3,800 | +9.0% |
| Non-distributable reserves | 130/1 | €6,200 | €6,200 | = | 0.0% |
| Reserves not available under the articles | 1311 | €6,200 | €6,200 | = | 0.0% |
| Distributable reserves | 133 | €35,840 | €39,640 | +€3,800 | +10.6% |
| Profit (loss) carried forward | 14 | €36,875 | €36,875 | = | 0.0% |
| Amounts payable | 17/49 | €24,154 | €41,400 | +€17,246 | +71.4% |
| Amounts payable after more than one year | 17 | €3,610 | €21,983 | +€18,373 | +509.0% |
| Financial debts | 170/4 | €3,610 | €21,983 | +€18,373 | +509.0% |
| Amounts payable within one year | 42/48 | €20,544 | €19,417 | -€1,127 | -5.5% |
| Current portion of amounts payable after more than one year | 42 | €6,097 | €11,199 | +€5,102 | +83.7% |
| Trade debts | 44 | €14,447 | €6,470 | -€7,977 | -55.2% |
| Suppliers | 440/4 | €14,447 | €6,470 | -€7,977 | -55.2% |
| Taxes, remuneration and social security | 45 | - | €1,747 | +€1,747 | |
| Taxes | 450/3 | - | €1,747 | +€1,747 | |
| Remuneration, social security and pensions | 62 | €208,227 | €218,716 | +€10,489 | +5.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €11,249 | €19,159 | +€7,910 | +70.3% |
| Other operating charges | 640/8 | €2,914 | €6,939 | +€4,025 | +138.2% |
| Gross operating margin | 9900 | €235,328 | €251,319 | +€15,991 | +6.8% |
| Operating profit (loss) | 9901 | €12,938 | €6,505 | -€6,433 | -49.7% |
| Financial income | 75/76B | €189 | €113 | -€76 | -40.2% |
| Recurring financial income | 75 | €189 | €113 | -€76 | -40.2% |
| Financial charges | 65/66B | €713 | €1,070 | +€357 | +50.0% |
| Recurring financial charges | 65 | €713 | €1,070 | +€357 | +50.0% |
| Profit (loss) for the period before taxes | 9903 | €12,413 | €5,548 | -€6,866 | -55.3% |
| Income taxes | 67/77 | €2,679 | €1,747 | -€932 | -34.8% |
| Profit (loss) for the period | 9904 | €9,734 | €3,800 | -€5,934 | -61.0% |
| Profit (loss) for the period to be appropriated | 9905 | €9,734 | €3,800 | -€5,934 | -61.0% |
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.