CORNETTE AUTOMOTIVE: 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.
CORNETTE AUTOMOTIVE
Largest movements
- Tangible fixed assets +€815,788
up €815,788 (+35.2%), from €2.3m to €3.1m
of which Land and buildings: +€851,887
- Stocks and contracts -€553,508
down €553,508 (-55.0%), from €1.0m to €453,518
- Receivables within one year +€108,989
up €108,989 (+29.9%), from €364,230 to €473,219
of which Trade receivables: +€289,245
- Revaluation surpluses +€916,631
up €916,631 (+126%), from €726,536 to €1.6m
- Debts after one year -€306,444
down €306,444 (-15.6%), from €2.0m to €1.7m
- Reserves -€261,546
down €261,546 (-30.5%), from €858,705 to €597,159
- Trade debts -€74,771
down €74,771 (-66.9%), from €111,832 to €37,061
- Gross operating margin -€198,647
down €198,647 (-27.0%), from €735,912 to €537,265
- Staff costs -€67,692
down €67,692 (-17.8%), from €379,918 to €312,227
- Depreciation -€49,822
down €49,822 (-31.3%), from €159,207 to €109,385
- Financial charges -€21,143
down €21,143 (-15.8%), from €133,506 to €112,363
- Taxes -€12,628
down €12,628 (-98.0%), from €12,882 to €254
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 | €3,916,688 | €4,251,775 | +€335,087 | +8.6% |
| Fixed assets | 21/28 | €2,322,700 | €3,138,488 | +€815,788 | +35.1% |
| Tangible fixed assets | 22/27 | €2,319,838 | €3,135,626 | +€815,788 | +35.2% |
| Land and buildings | 22 | €2,236,503 | €3,088,390 | +€851,887 | +38.1% |
| Plant, machinery and equipment | 23 | €61,613 | €36,307 | -€25,307 | -41.1% |
| Furniture and vehicles | 24 | €21,722 | €10,930 | -€10,792 | -49.7% |
| Financial fixed assets | 28 | €2,861 | €2,861 | = | 0.0% |
| Current assets | 29/58 | €1,593,988 | €1,113,287 | -€480,701 | -30.2% |
| Stocks and contracts in progress | 3 | €1,007,026 | €453,518 | -€553,508 | -55.0% |
| Stocks | 30/36 | €1,007,026 | €453,518 | -€553,508 | -55.0% |
| Amounts receivable within one year | 40/41 | €364,230 | €473,219 | +€108,989 | +29.9% |
| Trade receivables | 40 | €53,641 | €342,886 | +€289,245 | +539% |
| Other amounts receivable | 41 | €310,588 | €130,333 | -€180,256 | -58.0% |
| Cash at bank and in hand | 54/58 | €222,732 | €186,549 | -€36,183 | -16.2% |
| Total equity and liabilities | 10/49 | €3,916,688 | €4,251,775 | +€335,087 | +8.6% |
| Equity | 10/15 | €1,612,509 | €2,267,594 | +€655,085 | +40.6% |
| Contributions | 10/11 | €27,268 | €27,268 | = | 0.0% |
| Revaluation surpluses | 12 | €726,536 | €1,643,166 | +€916,631 | +126% |
| Reserves | 13 | €858,705 | €597,159 | -€261,546 | -30.5% |
| Distributable reserves | 133 | €858,705 | €597,159 | -€261,546 | -30.5% |
| Amounts payable | 17/49 | €2,304,179 | €1,984,181 | -€319,998 | -13.9% |
| Amounts payable after more than one year | 17 | €1,968,889 | €1,662,444 | -€306,444 | -15.6% |
| Financial debts | 170/4 | €1,968,889 | €1,662,444 | -€306,444 | -15.6% |
| Amounts payable within one year | 42/48 | €335,291 | €302,609 | -€32,681 | -9.7% |
| Current portion of amounts payable after more than one year | 42 | €156,444 | €156,444 | = | 0.0% |
| Trade debts | 44 | €111,832 | €37,061 | -€74,771 | -66.9% |
| Suppliers | 440/4 | €111,832 | €37,061 | -€74,771 | -66.9% |
| Taxes, remuneration and social security | 45 | €67,014 | €109,103 | +€42,089 | +62.8% |
| Taxes | 450/3 | €33,203 | €58,542 | +€25,339 | +76.3% |
| Remuneration and social security | 454/9 | €33,811 | €50,561 | +€16,750 | +49.5% |
| Accrued charges and deferred income | 492/3 | - | €19,127 | +€19,127 | |
| Remuneration, social security and pensions | 62 | €379,918 | €312,227 | -€67,692 | -17.8% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €159,207 | €109,385 | -€49,822 | -31.3% |
| Other operating charges | 640/8 | €32,278 | €34,811 | +€2,534 | +7.8% |
| Gross operating margin | 9900 | €735,912 | €537,265 | -€198,647 | -27.0% |
| Operating profit (loss) | 9901 | €164,509 | €80,842 | -€83,667 | -50.9% |
| Financial income | 75/76B | €4,866 | €229 | -€4,637 | -95.3% |
| Recurring financial income | 75 | €4,866 | €229 | -€4,637 | -95.3% |
| Financial charges | 65/66B | €133,506 | €112,363 | -€21,143 | -15.8% |
| Recurring financial charges | 65 | €133,506 | €112,363 | -€21,143 | -15.8% |
| Profit (loss) for the period before taxes | 9903 | €35,869 | -€31,292 | -€67,161 | |
| Income taxes | 67/77 | €12,882 | €254 | -€12,628 | -98.0% |
| Profit (loss) for the period | 9904 | €22,987 | -€31,546 | -€54,533 | |
| Profit (loss) for the period to be appropriated | 9905 | €22,987 | -€31,546 | -€54,533 |
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 31 October 2026 via checked.be.