CORT ART: 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.
CORT ART
Largest movements
- Cash +€12,437
up €12,437 (+61.2%), from €20,328 to €32,765
mainly Net result for the year (+€48,792) and Other debts (+€45,548)
- Tangible fixed assets +€8,329
up €8,329 (+1.6%), from €533,639 to €541,968
of which Plant, machinery and equipment: +€23,722
- Receivables within one year +€7,374
new in 2025: €7,374
of which Other amounts receivable: +€5,490
- Other debts +€45,548
up €45,548 (+1,023%), from €4,452 to €50,000
- Debts after one year -€23,333
down €23,333 (-5.5%), from €422,148 to €398,815
- Tax, wage and social debts +€7,602
up €7,602 (+39.3%), from €19,360 to €26,961
of which Taxes: +€8,903
- Gross operating margin +€66,140
up €66,140 (+86.7%), from €76,301 to €142,441
- Financial charges +€13,336
up €13,336 (+182%), from €7,333 to €20,669
- Depreciation +€10,959
up €10,959 (+208%), from €5,261 to €16,220
- Taxes +€9,256
up €9,256 (+188%), from €4,930 to €14,185
- Staff costs +€1,650
up €1,650 (+5.6%), from €29,721 to €31,371
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 | €561,506 | €586,433 | +€24,927 | +4.4% |
| Fixed assets | 21/28 | €537,639 | €545,968 | +€8,329 | +1.5% |
| Tangible fixed assets | 22/27 | €533,639 | €541,968 | +€8,329 | +1.6% |
| Land and buildings | 22 | €531,992 | €516,933 | -€15,059 | -2.8% |
| Plant, machinery and equipment | 23 | - | €23,722 | +€23,722 | |
| Furniture and vehicles | 24 | €1,647 | €1,313 | -€334 | -20.3% |
| Financial fixed assets | 28 | €4,000 | €4,000 | = | 0.0% |
| Current assets | 29/58 | €23,867 | €40,465 | +€16,598 | +69.5% |
| Amounts receivable within one year | 40/41 | - | €7,374 | +€7,374 | |
| Trade receivables | 40 | - | €1,884 | +€1,884 | |
| Other amounts receivable | 41 | - | €5,490 | +€5,490 | |
| Cash at bank and in hand | 54/58 | €20,328 | €32,765 | +€12,437 | +61.2% |
| Deferred charges and accrued income | 490/1 | €3,540 | €326 | -€3,213 | -90.8% |
| Total equity and liabilities | 10/49 | €561,506 | €586,433 | +€24,927 | +4.4% |
| Equity | 10/15 | €87,807 | €86,599 | -€1,208 | -1.4% |
| Contributions | 10/11 | €3,000 | €3,000 | = | 0.0% |
| Reserves | 13 | €84,807 | €83,599 | -€1,208 | -1.4% |
| Distributable reserves | 133 | €84,807 | €83,599 | -€1,208 | -1.4% |
| Profit (loss) carried forward | 14 | - | €0 | = | |
| Amounts payable | 17/49 | €473,699 | €499,834 | +€26,135 | +5.5% |
| Amounts payable after more than one year | 17 | €422,148 | €398,815 | -€23,333 | -5.5% |
| Financial debts | 170/4 | €422,148 | €398,815 | -€23,333 | -5.5% |
| Amounts payable within one year | 42/48 | €51,551 | €101,019 | +€49,468 | +96.0% |
| Current portion of amounts payable after more than one year | 42 | €22,396 | €23,333 | +€937 | +4.2% |
| Trade debts | 44 | €5,344 | €725 | -€4,619 | -86.4% |
| Suppliers | 440/4 | €5,344 | €725 | -€4,619 | -86.4% |
| Taxes, remuneration and social security | 45 | €19,360 | €26,961 | +€7,602 | +39.3% |
| Taxes | 450/3 | €14,172 | €23,075 | +€8,903 | +62.8% |
| Remuneration and social security | 454/9 | €5,188 | €3,887 | -€1,301 | -25.1% |
| Other amounts payable | 47/48 | €4,452 | €50,000 | +€45,548 | +1,023% |
| Remuneration, social security and pensions | 62 | €29,721 | €31,371 | +€1,650 | +5.6% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €5,261 | €16,220 | +€10,959 | +208% |
| Other operating charges | 640/8 | €12,025 | €11,204 | -€821 | -6.8% |
| Gross operating margin | 9900 | €76,301 | €142,441 | +€66,140 | +86.7% |
| Operating profit (loss) | 9901 | €29,295 | €83,646 | +€54,351 | +186% |
| Financial income | 75/76B | €0 | €0 | -€0 | -100% |
| Recurring financial income | 75 | €0 | €0 | -€0 | -100% |
| Financial charges | 65/66B | €7,333 | €20,669 | +€13,336 | +182% |
| Recurring financial charges | 65 | €7,333 | €20,669 | +€13,336 | +182% |
| Profit (loss) for the period before taxes | 9903 | €21,962 | €62,977 | +€41,015 | +187% |
| Income taxes | 67/77 | €4,930 | €14,185 | +€9,256 | +188% |
| Profit (loss) for the period | 9904 | €17,032 | €48,792 | +€31,760 | +186% |
| Profit (loss) for the period to be appropriated | 9905 | €17,032 | €48,792 | +€31,760 | +186% |
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.