CORNETTE FISH: what changed
Two fiscal 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 FISH
Largest movements
- Tangible fixed assets -€110,573
down €110,573 (-19.9%), from €556,869 to €446,296
- Cash +€86,859
up €86,859 (+736.6%), from €11,792 to €98,651
mainly Depreciation (+€78,423) and Investment in fixed assets (net) (+€33,619)
- Stocks and contracts -€27,943
down €27,943 (-58.4%), from €47,880 to €19,937
- Debts after one year -€70,845
down €70,845 (-20.9%), from €338,894 to €268,049
of which Other amounts payable: -€36,251
- Profit (loss) carried forward +€21,541
up €21,541, from -€21,541 to €0
- Trade debts -€13,822
down €13,822 (-11.8%), from €117,304 to €103,482
- Reserves +€6,839
up €6,839 (+4.9%), from €139,482 to €146,321
- Gross operating margin +€46,119
up €46,119 (+16.7%), from €275,992 to €322,111
- Staff costs -€12,352
down €12,352 (-6.0%), from €207,218 to €194,866
- Taxes +€5,720
up €5,720 (+4046.4%), from €141 to €5,861
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.
Cash bridge derived
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 | €679,287 | €622,852 | -€56,435 | -8.3% |
| Fixed assets | 21/28 | €585,568 | €473,526 | -€112,042 | -19.1% |
| Intangible fixed assets | 21 | €4,771 | €3,301 | -€1,469 | -30.8% |
| Tangible fixed assets | 22/27 | €556,869 | €446,296 | -€110,573 | -19.9% |
| Land and buildings | 22 | €34,800 | €0 | -€34,800 | -100.0% |
| Plant, machinery and equipment | 23 | €30,802 | €15,681 | -€15,121 | -49.1% |
| Furniture and vehicles | 24 | €34,772 | €26,616 | -€8,156 | -23.5% |
| Leasing and similar rights | 25 | €0 | - | = | |
| Other tangible fixed assets | 26 | €456,495 | €403,999 | -€52,496 | -11.5% |
| Financial fixed assets | 28 | €23,928 | €23,928 | = | 0.0% |
| Current assets | 29/58 | €93,719 | €149,326 | +€55,607 | +59.3% |
| Stocks and contracts in progress | 3 | €47,880 | €19,937 | -€27,943 | -58.4% |
| Stocks | 30/36 | €47,880 | €19,937 | -€27,943 | -58.4% |
| Amounts receivable within one year | 40/41 | €31,193 | €27,110 | -€4,083 | -13.1% |
| Trade receivables | 40 | €1,606 | €1,111 | -€494 | -30.8% |
| Other amounts receivable | 41 | €29,587 | €25,999 | -€3,588 | -12.1% |
| Cash at bank and in hand | 54/58 | €11,792 | €98,651 | +€86,859 | +736.6% |
| Deferred charges and accrued income | 490/1 | €2,855 | €3,628 | +€773 | +27.1% |
| Total equity and liabilities | 10/49 | €679,287 | €622,852 | -€56,435 | -8.3% |
| Equity | 10/15 | €124,147 | €152,526 | +€28,380 | +22.9% |
| Contributions | 10/11 | €6,205 | €6,205 | = | 0.0% |
| Reserves | 13 | €139,482 | €146,321 | +€6,839 | +4.9% |
| Distributable reserves | 133 | €139,482 | €146,321 | +€6,839 | +4.9% |
| Profit (loss) carried forward | 14 | -€21,541 | €0 | +€21,541 | |
| Amounts payable | 17/49 | €555,140 | €470,326 | -€84,815 | -15.3% |
| Amounts payable after more than one year | 17 | €338,894 | €268,049 | -€70,845 | -20.9% |
| Financial debts | 170/4 | €67,012 | €32,418 | -€34,594 | -51.6% |
| Other amounts payable | 178/9 | €271,882 | €235,631 | -€36,251 | -13.3% |
| Amounts payable within one year | 42/48 | €216,246 | €202,277 | -€13,970 | -6.5% |
| Current portion of amounts payable after more than one year | 42 | €37,159 | €38,010 | +€851 | +2.3% |
| Financial debts | 43 | €36,251 | €36,251 | = | 0.0% |
| Other loans | 439 | €36,251 | €36,251 | = | 0.0% |
| Trade debts | 44 | €117,304 | €103,482 | -€13,822 | -11.8% |
| Suppliers | 440/4 | €117,304 | €103,482 | -€13,822 | -11.8% |
| Taxes, remuneration and social security | 45 | €25,532 | €24,533 | -€999 | -3.9% |
| Taxes | 450/3 | €1,600 | €1,600 | = | 0.0% |
| Remuneration and social security | 454/9 | €23,932 | €22,933 | -€999 | -4.2% |
| Non-recurring operating income | 76A | - | €30,200 | +€30,200 | |
| Remuneration, social security and pensions | 62 | €207,218 | €194,866 | -€12,352 | -6.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €76,024 | €78,423 | +€2,399 | +3.2% |
| Other operating charges | 640/8 | €2,769 | €3,610 | +€841 | +30.4% |
| Gross operating margin | 9900 | €275,992 | €322,111 | +€46,119 | +16.7% |
| Operating profit (loss) | 9901 | -€10,019 | €45,211 | +€55,230 | |
| Financial income | 75/76B | €999 | €1,240 | +€241 | +24.1% |
| Recurring financial income | 75 | €999 | €1,240 | +€241 | +24.1% |
| Financial charges | 65/66B | €12,379 | €12,210 | -€169 | -1.4% |
| Recurring financial charges | 65 | €12,379 | €12,210 | -€169 | -1.4% |
| Profit (loss) for the period before taxes | 9903 | -€21,399 | €34,241 | +€55,640 | |
| Income taxes | 67/77 | €141 | €5,861 | +€5,720 | +4046.4% |
| Profit (loss) for the period | 9904 | -€21,541 | €28,380 | +€49,920 | |
| Profit (loss) for the period to be appropriated | 9905 | -€21,541 | €28,380 | +€49,920 |
Source: filed annual accounts (NBB), fiscal years ended 31 December 2024 and 31 December 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 8 October 2026 via checked.be.