CORNET-MOCKEL: 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-MOCKEL
Largest movements
- Receivables within one year -€62,933
down €62,933 (-19.1%), from €329,602 to €266,669
of which Trade receivables: -€68,438
- Current investments -€59,788
down €59,788 (-13.3%), from €449,296 to €389,508
- Cash -€40,772
down €40,772 (-32.6%), from €125,213 to €84,441
mainly Net result for the year (-€159,502) and Investment in fixed assets (net) (-€85,968)
- Tangible fixed assets -€40,104
down €40,104 (-3.8%), from €1.1m to €1.0m
of which Land and buildings: -€32,220
- Profit (loss) carried forward -€159,502
down €159,502 (-462%), from -€34,510 to -€194,013
- Debts after one year -€85,237
down €85,237 (-9.0%), from €948,818 to €863,581
- Tax, wage and social debts +€34,276
up €34,276 (+73.1%), from €46,915 to €81,191
of which Taxes: +€18,118
- Trade debts +€21,029
up €21,029 (+25.1%), from €83,880 to €104,909
- Gross operating margin -€200,563
down €200,563 (-32.3%), from €621,578 to €421,015
- Staff costs +€60,128
up €60,128 (+17.4%), from €345,283 to €405,412
- Other operating charges +€17,854
up €17,854 (+121%), from €14,761 to €32,615
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 | €2,069,729 | €1,870,228 | -€199,501 | -9.6% |
| Fixed assets | 21/28 | €1,071,281 | €1,031,177 | -€40,104 | -3.7% |
| Tangible fixed assets | 22/27 | €1,068,419 | €1,028,315 | -€40,104 | -3.8% |
| Land and buildings | 22 | €1,043,930 | €1,011,710 | -€32,220 | -3.1% |
| Plant, machinery and equipment | 23 | €12,543 | €9,692 | -€2,851 | -22.7% |
| Furniture and vehicles | 24 | €11,947 | €6,913 | -€5,034 | -42.1% |
| Financial fixed assets | 28 | €2,862 | €2,862 | = | 0.0% |
| Current assets | 29/58 | €998,448 | €839,051 | -€159,397 | -16.0% |
| Stocks and contracts in progress | 3 | €86,290 | €86,290 | = | 0.0% |
| Stocks | 30/36 | €86,290 | €86,290 | = | 0.0% |
| Amounts receivable within one year | 40/41 | €329,602 | €266,669 | -€62,933 | -19.1% |
| Trade receivables | 40 | €283,912 | €215,474 | -€68,438 | -24.1% |
| Other amounts receivable | 41 | €45,689 | €51,195 | +€5,506 | +12.1% |
| Current investments | 50/53 | €449,296 | €389,508 | -€59,788 | -13.3% |
| Cash at bank and in hand | 54/58 | €125,213 | €84,441 | -€40,772 | -32.6% |
| Deferred charges and accrued income | 490/1 | €8,048 | €12,143 | +€4,095 | +50.9% |
| Total equity and liabilities | 10/49 | €2,069,729 | €1,870,228 | -€199,501 | -9.6% |
| Equity | 10/15 | €577,390 | €417,887 | -€159,502 | -27.6% |
| Contributions | 10/11 | €66,000 | €66,000 | = | 0.0% |
| Reserves | 13 | €545,900 | €545,900 | = | 0.0% |
| Non-distributable reserves | 130/1 | €6,600 | €6,600 | = | 0.0% |
| Reserves not available under the articles | 1311 | €6,600 | €6,600 | = | 0.0% |
| Distributable reserves | 133 | €539,300 | €539,300 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€34,510 | -€194,013 | -€159,502 | -462% |
| Amounts payable | 17/49 | €1,492,339 | €1,452,340 | -€39,999 | -2.7% |
| Amounts payable after more than one year | 17 | €948,818 | €863,581 | -€85,237 | -9.0% |
| Financial debts | 170/4 | €948,818 | €863,581 | -€85,237 | -9.0% |
| Amounts payable within one year | 42/48 | €543,521 | €588,759 | +€45,238 | +8.3% |
| Current portion of amounts payable after more than one year | 42 | €111,697 | €109,418 | -€2,278 | -2.0% |
| Trade debts | 44 | €83,880 | €104,909 | +€21,029 | +25.1% |
| Suppliers | 440/4 | €83,880 | €104,909 | +€21,029 | +25.1% |
| Taxes, remuneration and social security | 45 | €46,915 | €81,191 | +€34,276 | +73.1% |
| Taxes | 450/3 | €4,495 | €22,613 | +€18,118 | +403% |
| Remuneration and social security | 454/9 | €42,420 | €58,577 | +€16,158 | +38.1% |
| Other amounts payable | 47/48 | €301,030 | €293,242 | -€7,788 | -2.6% |
| Remuneration, social security and pensions | 62 | €345,283 | €405,412 | +€60,128 | +17.4% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €127,955 | €126,073 | -€1,882 | -1.5% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | -€802 | - | +€802 | |
| Other operating charges | 640/8 | €14,761 | €32,615 | +€17,854 | +121% |
| Non-recurring operating charges | 66A | - | €138 | +€138 | |
| Gross operating margin | 9900 | €621,578 | €421,015 | -€200,563 | -32.3% |
| Operating profit (loss) | 9901 | €134,381 | -€143,223 | -€277,604 | |
| Financial income | 75/76B | €7,879 | €7,370 | -€509 | -6.5% |
| Recurring financial income | 75 | €7,879 | €7,370 | -€509 | -6.5% |
| Financial charges | 65/66B | €21,328 | €22,795 | +€1,466 | +6.9% |
| Recurring financial charges | 65 | €21,328 | €22,795 | +€1,466 | +6.9% |
| Profit (loss) for the period before taxes | 9903 | €120,932 | -€158,647 | -€279,579 | |
| Income taxes | 67/77 | €488 | €855 | +€367 | +75.2% |
| Profit (loss) for the period | 9904 | €120,444 | -€159,502 | -€279,946 | |
| Profit (loss) for the period to be appropriated | 9905 | €120,444 | -€159,502 | -€279,946 |
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.