CORNET ET FILS: what changed
CORNET ET FILS
Largest movements
- Receivables within one year +€87,191
up €87,191 (+304%), from €28,722 to €115,912
of which Trade receivables: +€71,524
- Tangible fixed assets +€60,614
up €60,614 (+166%), from €36,554 to €97,168
of which Plant, machinery and equipment: +€53,602
- Stocks and contracts +€57,747
new in 2025: €57,747
- Cash -€26,704
down €26,704 (-47.0%), from €56,813 to €30,109
mainly Receivables within one year (-€87,191) and Investment in fixed assets (net) (-€82,207)
- Deferred charges and accrued income +€3,412
up €3,412 (+1,061%), from €322 to €3,734
- Trade debts +€132,203
up €132,203 (+6,921%), from €1,910 to €134,113
- Debts after one year +€43,365
up €43,365 (+151%), from €28,628 to €71,993
- Current portion of long-term debt +€21,741
up €21,741 (+123%), from €17,705 to €39,446
- Tax, wage and social debts -€6,464
down €6,464 (-28.0%), from €23,116 to €16,652
of which Taxes: -€5,597
- Profit (loss) carried forward -€5,822
down €5,822 (-12.1%), from €47,990 to €42,167
- Staff costs +€33,561
up €33,561 (+123%), from €27,218 to €60,779
- Gross operating margin +€19,185
up €19,185 (+28.5%), from €67,382 to €86,567
- Depreciation +€11,488
up €11,488 (+155%), from €7,404 to €18,892
- Financial charges +€6,598
up €6,598 (+217%), from €3,038 to €9,636
- Taxes -€5,568
down €5,568 (-98.9%), from €5,628 to €60
Change in the result, 2024 to 2025
For each income-statement line you see the change as its effect on the result. Higher costs lower the result, higher income raises it.
Derived cash bridge
The bridge is derived from the 2024 and 2025 balance sheets and the 2025 result. There is no filed cash-flow statement. You see where the money came from and where it went.
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €122,411 | €307,371 | +€184,960 | +151% |
| Fixed assets | 21/28 | €36,554 | €99,868 | +€63,314 | +173% |
| Tangible fixed assets | 22/27 | €36,554 | €97,168 | +€60,614 | +166% |
| Plant, machinery and equipment | 23 | €3,091 | €56,693 | +€53,602 | +1,734% |
| Furniture and vehicles | 24 | €33,463 | €40,476 | +€7,012 | +21.0% |
| Financial fixed assets | 28 | - | €2,700 | +€2,700 | |
| Current assets | 29/58 | €85,857 | €207,502 | +€121,646 | +142% |
| Stocks and contracts in progress | 3 | - | €57,747 | +€57,747 | |
| Stocks | 30/36 | - | €57,747 | +€57,747 | |
| Amounts receivable within one year | 40/41 | €28,722 | €115,912 | +€87,191 | +304% |
| Trade receivables | 40 | €24,005 | €95,529 | +€71,524 | +298% |
| Other amounts receivable | 41 | €4,717 | €20,384 | +€15,667 | +332% |
| Cash at bank and in hand | 54/58 | €56,813 | €30,109 | -€26,704 | -47.0% |
| Deferred charges and accrued income | 490/1 | €322 | €3,734 | +€3,412 | +1,061% |
| Total equity and liabilities | 10/49 | €122,411 | €307,371 | +€184,960 | +151% |
| Equity | 10/15 | €50,990 | €45,167 | -€5,822 | -11.4% |
| Contributions | 10/11 | €3,000 | €3,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | €47,990 | €42,167 | -€5,822 | -12.1% |
| Amounts payable | 17/49 | €71,421 | €262,204 | +€190,782 | +267% |
| Amounts payable after more than one year | 17 | €28,628 | €71,993 | +€43,365 | +151% |
| Financial debts | 170/4 | €28,628 | €71,993 | +€43,365 | +151% |
| Amounts payable within one year | 42/48 | €42,783 | €190,211 | +€147,428 | +345% |
| Current portion of amounts payable after more than one year | 42 | €17,705 | €39,446 | +€21,741 | +123% |
| Trade debts | 44 | €1,910 | €134,113 | +€132,203 | +6,921% |
| Suppliers | 440/4 | €1,910 | €134,113 | +€132,203 | +6,921% |
| Taxes, remuneration and social security | 45 | €23,116 | €16,652 | -€6,464 | -28.0% |
| Taxes | 450/3 | €14,127 | €8,530 | -€5,597 | -39.6% |
| Remuneration and social security | 454/9 | €8,989 | €8,122 | -€867 | -9.6% |
| Other amounts payable | 47/48 | €51 | €0 | -€51 | -100% |
| Accrued charges and deferred income | 492/3 | €11 | €0 | -€11 | -100% |
| Turnover | 70 | - | €0 | = | |
| Non-recurring operating income | 76A | - | €0 | = | |
| Goods, raw materials, services and sundry goods | 60/61 | - | €0 | = | |
| Remuneration, social security and pensions | 62 | €27,218 | €60,779 | +€33,561 | +123% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €7,404 | €18,892 | +€11,488 | +155% |
| Other operating charges | 640/8 | €2,001 | €3,480 | +€1,479 | +73.9% |
| Gross operating margin | 9900 | €67,382 | €86,567 | +€19,185 | +28.5% |
| Operating profit (loss) | 9901 | €30,758 | €3,416 | -€27,343 | -88.9% |
| Financial income | 75/76B | €173 | €457 | +€284 | +164% |
| Recurring financial income | 75 | €173 | €457 | +€284 | +164% |
| Non-recurring financial income | 76B | €0 | - | = | |
| Financial charges | 65/66B | €3,038 | €9,636 | +€6,598 | +217% |
| Recurring financial charges | 65 | €3,038 | €9,636 | +€6,598 | +217% |
| Profit (loss) for the period before taxes | 9903 | €27,894 | -€5,763 | -€33,657 | |
| Income taxes | 67/77 | €5,628 | €60 | -€5,568 | -98.9% |
| Profit (loss) for the period | 9904 | €22,266 | -€5,822 | -€28,089 | |
| Profit (loss) for the period to be appropriated | 9905 | €22,266 | -€5,822 | -€28,089 |
Next steps
Calculation and sources
Source: filed annual accounts (NBB), financial years ended 31 December 2024 and 31 December 2025. Green is a favourable move for that line, red an unfavourable one. Prepared on 1 November 2026 via checked.be.