CORNHOFF: 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.
CORNHOFF
Largest movements
- Tangible fixed assets -€25,836
down €25,836 (-2.8%), from €925,703 to €899,867
- Cash -€16,090
down €16,090 (-61.0%), from €26,360 to €10,270
mainly Debts after one year (-€38,254) and Investment in fixed assets (net) (-€20,736)
- Debts after one year -€38,254
down €38,254 (-3.7%), from €1.0m to €1.0m
- Other debts -€18,500
down €18,500 (-48.4%), from €38,247 to €19,747
- Profit (loss) carried forward +€13,209
up €13,209 (+5.6%), from -€236,486 to -€223,276
- Gross operating margin +€11,370
up €11,370 (+15.2%), from €75,004 to €86,374
- Other operating charges +€1,670
up €1,670 (+28.9%), from €5,780 to €7,450
- Financial charges -€1,629
down €1,629 (-7.8%), from €20,771 to €19,142
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 | €953,918 | €912,053 | -€41,864 | -4.4% |
| Fixed assets | 21/28 | €926,203 | €900,367 | -€25,836 | -2.8% |
| Tangible fixed assets | 22/27 | €925,703 | €899,867 | -€25,836 | -2.8% |
| Land and buildings | 22 | €925,703 | €899,867 | -€25,836 | -2.8% |
| Financial fixed assets | 28 | €500 | €500 | = | 0.0% |
| Current assets | 29/58 | €27,714 | €11,687 | -€16,028 | -57.8% |
| Cash at bank and in hand | 54/58 | €26,360 | €10,270 | -€16,090 | -61.0% |
| Deferred charges and accrued income | 490/1 | €1,354 | €1,416 | +€62 | +4.6% |
| Total equity and liabilities | 10/49 | €953,918 | €912,053 | -€41,864 | -4.4% |
| Equity | 10/15 | -€167,186 | -€153,976 | +€13,209 | +7.9% |
| Contributions | 10/11 | €63,000 | €63,000 | = | 0.0% |
| Capital | 10 | €63,000 | €63,000 | = | 0.0% |
| Issued capital | 100 | €63,000 | €63,000 | = | 0.0% |
| Reserves | 13 | €6,300 | €6,300 | = | 0.0% |
| Non-distributable reserves | 130/1 | €6,300 | €6,300 | = | 0.0% |
| Legal reserve | 130 | €6,300 | €6,300 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€236,486 | -€223,276 | +€13,209 | +5.6% |
| Amounts payable | 17/49 | €1,121,103 | €1,066,030 | -€55,074 | -4.9% |
| Amounts payable after more than one year | 17 | €1,046,283 | €1,008,029 | -€38,254 | -3.7% |
| Financial debts | 170/4 | €1,046,283 | €1,008,029 | -€38,254 | -3.7% |
| Amounts payable within one year | 42/48 | €74,821 | €58,001 | -€16,820 | -22.5% |
| Current portion of amounts payable after more than one year | 42 | €36,574 | €38,254 | +€1,680 | +4.6% |
| Other amounts payable | 47/48 | €38,247 | €19,747 | -€18,500 | -48.4% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €45,833 | €46,573 | +€740 | +1.6% |
| Other operating charges | 640/8 | €5,780 | €7,450 | +€1,670 | +28.9% |
| Gross operating margin | 9900 | €75,004 | €86,374 | +€11,370 | +15.2% |
| Operating profit (loss) | 9901 | €23,391 | €32,351 | +€8,960 | +38.3% |
| Financial charges | 65/66B | €20,771 | €19,142 | -€1,629 | -7.8% |
| Recurring financial charges | 65 | €20,771 | €19,142 | -€1,629 | -7.8% |
| Profit (loss) for the period before taxes | 9903 | €2,620 | €13,209 | +€10,589 | +404.2% |
| Profit (loss) for the period | 9904 | €2,620 | €13,209 | +€10,589 | +404.2% |
| Profit (loss) for the period to be appropriated | 9905 | €2,620 | €13,209 | +€10,589 | +404.2% |
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 10 October 2026 via checked.be.