CORNET & CO: 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 & CO
Largest movements
- Stocks and contracts -€209,337
down €209,337 (-37.5%), from €558,237 to €348,900
- Cash +€56,670
up €56,670 (+121%), from €46,717 to €103,387
mainly Stocks and contracts (+€209,337) and Tax, wage and social debts (+€29,979)
- Financial fixed assets -€35,060
down €35,060 (-72.8%), from €48,192 to €13,132
- Tangible fixed assets +€13,832
up €13,832 (+18.8%), from €73,676 to €87,508
of which Furniture and vehicles: +€22,026
- Profit (loss) carried forward -€210,155
down €210,155 (-54.3%), from €386,911 to €176,756
- Tax, wage and social debts +€29,979
up €29,979 (+122%), from €24,599 to €54,578
of which Taxes: +€26,891
- Other debts +€18,843
up €18,843 (+33.1%), from €56,888 to €75,731
- Trade debts -€17,959
down €17,959 (-25.5%), from €70,509 to €52,550
- Accrued charges and deferred income +€9,500
up €9,500 (+6.7%), from €142,047 to €151,547
- Gross operating margin -€214,924
down €214,924, from €185,837 to -€29,087
- Staff costs -€53,717
down €53,717 (-26.7%), from €200,945 to €147,228
- Depreciation +€11,542
up €11,542 (+338%), from €3,417 to €14,959
- Financial charges -€5,691
down €5,691 (-33.2%), from €17,158 to €11,467
- Taxes +€2,831
new in 2025: €2,831
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 | €779,667 | €609,875 | -€169,792 | -21.8% |
| Fixed assets | 21/28 | €121,868 | €101,419 | -€20,449 | -16.8% |
| Intangible fixed assets | 21 | - | €779 | +€779 | |
| Tangible fixed assets | 22/27 | €73,676 | €87,508 | +€13,832 | +18.8% |
| Furniture and vehicles | 24 | €3,183 | €25,208 | +€22,026 | +692% |
| Other tangible fixed assets | 26 | €70,493 | €62,300 | -€8,194 | -11.6% |
| Financial fixed assets | 28 | €48,192 | €13,132 | -€35,060 | -72.8% |
| Current assets | 29/58 | €657,799 | €508,456 | -€149,343 | -22.7% |
| Stocks and contracts in progress | 3 | €558,237 | €348,900 | -€209,337 | -37.5% |
| Stocks | 30/36 | €558,237 | €348,900 | -€209,337 | -37.5% |
| Amounts receivable within one year | 40/41 | €48,587 | €52,560 | +€3,973 | +8.2% |
| Trade receivables | 40 | €39,400 | €41,133 | +€1,733 | +4.4% |
| Other amounts receivable | 41 | €9,187 | €11,428 | +€2,241 | +24.4% |
| Cash at bank and in hand | 54/58 | €46,717 | €103,387 | +€56,670 | +121% |
| Deferred charges and accrued income | 490/1 | €4,258 | €3,608 | -€650 | -15.3% |
| Total equity and liabilities | 10/49 | €779,667 | €609,875 | -€169,792 | -21.8% |
| Equity | 10/15 | €436,113 | €225,957 | -€210,155 | -48.2% |
| Contributions | 10/11 | €18,592 | €18,592 | = | 0.0% |
| Reserves | 13 | €30,609 | €30,609 | = | 0.0% |
| Non-distributable reserves | 130/1 | €1,859 | €1,859 | = | 0.0% |
| Reserves not available under the articles | 1311 | €1,859 | €1,859 | = | 0.0% |
| Tax-exempt reserves | 132 | €28,750 | €28,750 | = | 0.0% |
| Profit (loss) carried forward | 14 | €386,911 | €176,756 | -€210,155 | -54.3% |
| Amounts payable | 17/49 | €343,555 | €383,917 | +€40,363 | +11.7% |
| Amounts payable after more than one year | 17 | €49,511 | €49,511 | = | 0.0% |
| Financial debts | 170/4 | €49,511 | €49,511 | = | 0.0% |
| Amounts payable within one year | 42/48 | €151,996 | €182,859 | +€30,863 | +20.3% |
| Trade debts | 44 | €70,509 | €52,550 | -€17,959 | -25.5% |
| Suppliers | 440/4 | €70,509 | €52,550 | -€17,959 | -25.5% |
| Taxes, remuneration and social security | 45 | €24,599 | €54,578 | +€29,979 | +122% |
| Taxes | 450/3 | €15,399 | €42,289 | +€26,891 | +175% |
| Remuneration and social security | 454/9 | €9,201 | €12,289 | +€3,088 | +33.6% |
| Other amounts payable | 47/48 | €56,888 | €75,731 | +€18,843 | +33.1% |
| Accrued charges and deferred income | 492/3 | €142,047 | €151,547 | +€9,500 | +6.7% |
| Remuneration, social security and pensions | 62 | €200,945 | €147,228 | -€53,717 | -26.7% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €3,417 | €14,959 | +€11,542 | +338% |
| Other operating charges | 640/8 | €3,529 | €5,798 | +€2,269 | +64.3% |
| Gross operating margin | 9900 | €185,837 | -€29,087 | -€214,924 | |
| Operating profit (loss) | 9901 | -€22,054 | -€197,072 | -€175,018 | -794% |
| Financial income | 75/76B | €904 | €1,214 | +€311 | +34.4% |
| Recurring financial income | 75 | €904 | €1,214 | +€311 | +34.4% |
| Financial charges | 65/66B | €17,158 | €11,467 | -€5,691 | -33.2% |
| Recurring financial charges | 65 | €17,158 | €11,467 | -€5,691 | -33.2% |
| Profit (loss) for the period before taxes | 9903 | -€38,308 | -€207,324 | -€169,016 | -441% |
| Income taxes | 67/77 | - | €2,831 | +€2,831 | |
| Profit (loss) for the period | 9904 | -€38,308 | -€210,155 | -€171,847 | -449% |
| Profit (loss) for the period to be appropriated | 9905 | -€38,308 | -€210,155 | -€171,847 | -449% |
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 16 October 2026 via checked.be.