CORNET: 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.
CORNET
Largest movements
- Tangible fixed assets +€22,338
up €22,338 (+116%), from €19,308 to €41,646
of which Land and buildings: +€20,893
- Cash +€13,500
up €13,500 (+31.8%), from €42,413 to €55,913
mainly Net result for the year (+€31,181) and Trade debts (+€11,588)
- Reserves +€31,181
up €31,181 (+23.4%), from €133,358 to €164,539
- Trade debts +€11,588
up €11,588 (+26,283%), from €44 to €11,632
- Other debts -€7,501
down €7,501 (-11.5%), from €65,057 to €57,556
- Debts after one year -€5,959
down €5,959 (-8.5%), from €70,000 to €64,041
- Tax, wage and social debts +€5,764
up €5,764 (+110%), from €5,261 to €11,024
of which Remuneration and social security: +€3,517
- Financial charges +€14,440
up €14,440 (+490%), from €2,946 to €17,386
- Gross operating margin +€8,169
up €8,169 (+14.3%), from €57,044 to €65,213
- Taxes -€1,708
down €1,708 (-11.8%), from €14,523 to €12,814
- Depreciation -€1,639
down €1,639 (-37.3%), from €4,392 to €2,753
From the 2025 result to the 2026 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 2025 and 2026 balance sheets and the 2026 result: not a filed cash-flow statement. It shows where the money came from and went.
Every line side by side
| Line | Code | 2025 | 2026 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €281,413 | €316,561 | +€35,148 | +12.5% |
| Fixed assets | 21/28 | €225,099 | €247,437 | +€22,338 | +9.9% |
| Tangible fixed assets | 22/27 | €19,308 | €41,646 | +€22,338 | +116% |
| Land and buildings | 22 | €15,036 | €35,929 | +€20,893 | +139% |
| Furniture and vehicles | 24 | €4,272 | €5,717 | +€1,445 | +33.8% |
| Financial fixed assets | 28 | €205,791 | €205,791 | = | 0.0% |
| Current assets | 29/58 | €56,314 | €69,125 | +€12,810 | +22.7% |
| Amounts receivable within one year | 40/41 | €12,120 | €11,223 | -€898 | -7.4% |
| Trade receivables | 40 | €12,100 | €10,000 | -€2,100 | -17.4% |
| Other amounts receivable | 41 | €20 | €1,223 | +€1,202 | +5,946% |
| Cash at bank and in hand | 54/58 | €42,413 | €55,913 | +€13,500 | +31.8% |
| Deferred charges and accrued income | 490/1 | €1,781 | €1,989 | +€208 | +11.7% |
| Total equity and liabilities | 10/49 | €281,413 | €316,561 | +€35,148 | +12.5% |
| Equity | 10/15 | €138,358 | €169,539 | +€31,181 | +22.5% |
| Contributions | 10/11 | €5,000 | €5,000 | = | 0.0% |
| Reserves | 13 | €133,358 | €164,539 | +€31,181 | +23.4% |
| Distributable reserves | 133 | €133,358 | €164,539 | +€31,181 | +23.4% |
| Amounts payable | 17/49 | €143,055 | €147,022 | +€3,967 | +2.8% |
| Amounts payable after more than one year | 17 | €70,000 | €64,041 | -€5,959 | -8.5% |
| Financial debts | 170/4 | €70,000 | €64,041 | -€5,959 | -8.5% |
| Amounts payable within one year | 42/48 | €70,362 | €80,212 | +€9,850 | +14.0% |
| Trade debts | 44 | €44 | €11,632 | +€11,588 | +26,283% |
| Suppliers | 440/4 | €44 | €11,632 | +€11,588 | +26,283% |
| Taxes, remuneration and social security | 45 | €5,261 | €11,024 | +€5,764 | +110% |
| Taxes | 450/3 | €5,261 | €7,507 | +€2,247 | +42.7% |
| Remuneration and social security | 454/9 | - | €3,517 | +€3,517 | |
| Other amounts payable | 47/48 | €65,057 | €57,556 | -€7,501 | -11.5% |
| Accrued charges and deferred income | 492/3 | €2,693 | €2,769 | +€76 | +2.8% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €4,392 | €2,753 | -€1,639 | -37.3% |
| Other operating charges | 640/8 | €720 | €1,078 | +€358 | +49.8% |
| Gross operating margin | 9900 | €57,044 | €65,213 | +€8,169 | +14.3% |
| Operating profit (loss) | 9901 | €51,932 | €61,382 | +€9,450 | +18.2% |
| Financial charges | 65/66B | €2,946 | €17,386 | +€14,440 | +490% |
| Recurring financial charges | 65 | €2,946 | €17,386 | +€14,440 | +490% |
| Profit (loss) for the period before taxes | 9903 | €48,986 | €43,996 | -€4,990 | -10.2% |
| Income taxes | 67/77 | €14,523 | €12,814 | -€1,708 | -11.8% |
| Profit (loss) for the period | 9904 | €34,463 | €31,181 | -€3,282 | -9.5% |
| Profit (loss) for the period to be appropriated | 9905 | €34,463 | €31,181 | -€3,282 | -9.5% |
Source: filed annual accounts (NBB), financial years ended 31 March 2025 and 31 March 2026. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 25 October 2026 via checked.be.