CORNET WATER TECHNICS: 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 WATER TECHNICS
Largest movements
- Cash -€39,852
down €39,852 (-57.9%), from €68,825 to €28,973
mainly Net result for the year (-€35,608) and Contributions, distributions and other (-€30,392)
- Tangible fixed assets -€32,035
down €32,035 (-22.3%), from €143,704 to €111,668
of which Furniture and vehicles: -€29,140
- Receivables within one year +€12,697
up €12,697 (+16.8%), from €75,448 to €88,145
of which Trade receivables: +€9,414
- Deferred charges and accrued income +€4,398
up €4,398 (+47.5%), from €9,255 to €13,653
- Profit (loss) carried forward -€35,608
down €35,608, from €0 to -€35,608
- Reserves -€30,392
down €30,392 (-15.3%), from €198,701 to €168,309
of which Distributable reserves: -€30,392
- Other debts +€22,469
up €22,469 (+55.7%), from €40,304 to €62,774
- Trade debts -€9,188
down €9,188 (-50.9%), from €18,037 to €8,849
- Gross operating margin -€79,395
down €79,395 (-88.3%), from €89,906 to €10,511
- Taxes -€15,693
down €15,693 (-98.2%), from €15,975 to €281
- Depreciation +€5,595
up €5,595 (+14.4%), from €38,746 to €44,341
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 | €322,560 | €268,608 | -€53,952 | -16.7% |
| Fixed assets | 21/28 | €151,654 | €119,618 | -€32,035 | -21.1% |
| Tangible fixed assets | 22/27 | €143,704 | €111,668 | -€32,035 | -22.3% |
| Land and buildings | 22 | €5,781 | €4,780 | -€1,001 | -17.3% |
| Plant, machinery and equipment | 23 | €22,940 | €16,351 | -€6,589 | -28.7% |
| Furniture and vehicles | 24 | €114,983 | €85,843 | -€29,140 | -25.3% |
| Other tangible fixed assets | 26 | - | €4,695 | +€4,695 | |
| Financial fixed assets | 28 | €7,950 | €7,950 | = | 0.0% |
| Current assets | 29/58 | €170,906 | €148,990 | -€21,917 | -12.8% |
| Stocks and contracts in progress | 3 | €17,378 | €18,219 | +€841 | +4.8% |
| Stocks | 30/36 | €17,378 | €18,219 | +€841 | +4.8% |
| Amounts receivable within one year | 40/41 | €75,448 | €88,145 | +€12,697 | +16.8% |
| Trade receivables | 40 | €14,517 | €23,931 | +€9,414 | +64.8% |
| Other amounts receivable | 41 | €60,931 | €64,214 | +€3,283 | +5.4% |
| Cash at bank and in hand | 54/58 | €68,825 | €28,973 | -€39,852 | -57.9% |
| Deferred charges and accrued income | 490/1 | €9,255 | €13,653 | +€4,398 | +47.5% |
| Total equity and liabilities | 10/49 | €322,560 | €268,608 | -€53,952 | -16.7% |
| Equity | 10/15 | €260,701 | €194,701 | -€66,000 | -25.3% |
| Contributions | 10/11 | €62,000 | €62,000 | = | 0.0% |
| Capital | 10 | €62,000 | €62,000 | = | 0.0% |
| Issued capital | 100 | €62,000 | €62,000 | = | 0.0% |
| Reserves | 13 | €198,701 | €168,309 | -€30,392 | -15.3% |
| Non-distributable reserves | 130/1 | €6,200 | €6,200 | = | 0.0% |
| Legal reserve | 130 | €6,200 | €6,200 | = | 0.0% |
| Tax-exempt reserves | 132 | €666 | €666 | = | 0.0% |
| Distributable reserves | 133 | €191,835 | €161,443 | -€30,392 | -15.8% |
| Profit (loss) carried forward | 14 | €0 | -€35,608 | -€35,608 | |
| Amounts payable | 17/49 | €61,859 | €73,907 | +€12,048 | +19.5% |
| Amounts payable within one year | 42/48 | €59,217 | €71,623 | +€12,406 | +21.0% |
| Trade debts | 44 | €18,037 | €8,849 | -€9,188 | -50.9% |
| Suppliers | 440/4 | €18,037 | €8,849 | -€9,188 | -50.9% |
| Taxes, remuneration and social security | 45 | €875 | €0 | -€875 | -100% |
| Taxes | 450/3 | €875 | €0 | -€875 | -100% |
| Other amounts payable | 47/48 | €40,304 | €62,774 | +€22,469 | +55.7% |
| Accrued charges and deferred income | 492/3 | €2,642 | €2,284 | -€358 | -13.5% |
| Non-recurring operating income | 76A | €10,989 | €0 | -€10,989 | -100% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €38,746 | €44,341 | +€5,595 | +14.4% |
| Other operating charges | 640/8 | €3,408 | €2,775 | -€633 | -18.6% |
| Gross operating margin | 9900 | €89,906 | €10,511 | -€79,395 | -88.3% |
| Operating profit (loss) | 9901 | €47,753 | -€36,604 | -€84,357 | |
| Financial income | 75/76B | €4,024 | €3,677 | -€348 | -8.6% |
| Recurring financial income | 75 | €4,024 | €3,677 | -€348 | -8.6% |
| Financial charges | 65/66B | €3,012 | €2,399 | -€613 | -20.4% |
| Recurring financial charges | 65 | €3,012 | €2,399 | -€613 | -20.4% |
| Profit (loss) for the period before taxes | 9903 | €48,765 | -€35,327 | -€84,092 | |
| Income taxes | 67/77 | €15,975 | €281 | -€15,693 | -98.2% |
| Profit (loss) for the period | 9904 | €32,790 | -€35,608 | -€68,398 | |
| Profit (loss) for the period to be appropriated | 9905 | €32,790 | -€35,608 | -€68,398 |
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 19 October 2026 via checked.be.