CORTENBERGH 71: 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.
CORTENBERGH 71
Largest movements
- Tangible fixed assets -€534,632
down €534,632 (-2.5%), from €21.6m to €21.1m
of which Land and buildings: -€501,931
- Cash -€232,219
down €232,219 (-49.0%), from €473,538 to €241,320
mainly Debts after one year (-€10.5m) and Net result for the year (-€573,697)
- Debts after one year -€10.5m
down €10.5m (-51.1%), from €20.5m to €10.0m
of which Financial debts: -€10.5m
- Contributions +€5.8m
up €5.8m (+86.9%), from €6.7m to €12.5m
- Profit (loss) carried forward +€4.1m
up €4.1m (+87.7%), from -€4.7m to -€573,697
- Turnover -€1.9m
no longer reported in 2025 (was €1.9m)
- Purchases and services -€1.2m
no longer reported in 2025 (was €1.2m)
- Financial charges -€533,844
down €533,844 (-52.5%), from €1.0m to €483,957
- Depreciation +€88,048
up €88,048 (+14.8%), from €594,979 to €683,027
- Write-downs +€79,382
up €79,382 (+92.6%), from -€85,744 to -€6,362
From the 31-12-2024 result to the 31-12-2025 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 31-12-2024 and 31-12-2025 balance sheets and the 31-12-2025 result: not a filed cash-flow statement. It shows where the money came from and went.
Every line side by side
| Line | Code | 31-12-2024 | 31-12-2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €23,057,169 | €22,098,212 | -€958,957 | -4.2% |
| Fixed assets | 21/28 | €21,584,829 | €21,050,197 | -€534,632 | -2.5% |
| Tangible fixed assets | 22/27 | €21,584,829 | €21,050,197 | -€534,632 | -2.5% |
| Land and buildings | 22 | €21,314,050 | €20,812,119 | -€501,931 | -2.4% |
| Plant, machinery and equipment | 23 | €157,133 | €147,412 | -€9,721 | -6.2% |
| Furniture and vehicles | 24 | €113,646 | €90,666 | -€22,980 | -20.2% |
| Other tangible fixed assets | 26 | €0 | - | = | |
| Current assets | 29/58 | €1,472,340 | €1,048,015 | -€424,325 | -28.8% |
| Amounts receivable within one year | 40/41 | €476,550 | €257,952 | -€218,598 | -45.9% |
| Trade receivables | 40 | €476,550 | €185,874 | -€290,677 | -61.0% |
| Other amounts receivable | 41 | - | €72,078 | +€72,078 | |
| Cash at bank and in hand | 54/58 | €473,538 | €241,320 | -€232,219 | -49.0% |
| Deferred charges and accrued income | 490/1 | €522,251 | €548,743 | +€26,492 | +5.1% |
| Total equity and liabilities | 10/49 | €23,057,169 | €22,098,212 | -€958,957 | -4.2% |
| Equity | 10/15 | €1,997,017 | €11,897,653 | +€9.9m | +496% |
| Contributions | 10/11 | €6,672,000 | €12,471,350 | +€5.8m | +86.9% |
| Capital | 10 | €6,672,000 | €12,471,350 | +€5.8m | +86.9% |
| Issued capital | 100 | €6,672,000 | €12,471,350 | +€5.8m | +86.9% |
| Profit (loss) carried forward | 14 | -€4,674,983 | -€573,697 | +€4.1m | +87.7% |
| Amounts payable | 17/49 | €21,060,151 | €10,200,559 | -€10.9m | -51.6% |
| Amounts payable after more than one year | 17 | €20,512,442 | €10,038,110 | -€10.5m | -51.1% |
| Financial debts | 170/4 | €20,474,332 | €10,000,000 | -€10.5m | -51.2% |
| Other amounts payable | 178/9 | €38,110 | €38,110 | = | 0.0% |
| Amounts payable within one year | 42/48 | €541,818 | €157,310 | -€384,507 | -71.0% |
| Trade debts | 44 | €312,021 | €94,537 | -€217,484 | -69.7% |
| Suppliers | 440/4 | €312,021 | €94,537 | -€217,484 | -69.7% |
| Taxes, remuneration and social security | 45 | €196,476 | €62,773 | -€133,703 | -68.1% |
| Taxes | 450/3 | €196,476 | €62,773 | -€133,703 | -68.1% |
| Other amounts payable | 47/48 | €33,320 | €0 | -€33,320 | -100% |
| Accrued charges and deferred income | 492/3 | €5,891 | €5,139 | -€752 | -12.8% |
| Turnover | 70 | €1,897,373 | - | -€1.9m | |
| Goods, raw materials, services and sundry goods | 60/61 | €1,150,471 | - | -€1.2m | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €594,979 | €683,027 | +€88,048 | +14.8% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | -€85,744 | -€6,362 | +€79,382 | +92.6% |
| Other operating charges | 640/8 | €585,272 | €569,133 | -€16,140 | -2.8% |
| Gross operating margin | 9900 | €1,226,793 | €1,155,840 | -€70,953 | -5.8% |
| Operating profit (loss) | 9901 | €132,285 | -€89,958 | -€222,243 | |
| Financial income | 75/76B | €133 | €218 | +€85 | +63.7% |
| Recurring financial income | 75 | €133 | €218 | +€85 | +63.7% |
| Financial charges | 65/66B | €1,017,802 | €483,957 | -€533,844 | -52.5% |
| Recurring financial charges | 65 | €1,017,802 | €483,957 | -€533,844 | -52.5% |
| Profit (loss) for the period before taxes | 9903 | -€885,383 | -€573,697 | +€311,686 | +35.2% |
| Profit (loss) for the period | 9904 | -€885,383 | -€573,697 | +€311,686 | +35.2% |
| Profit (loss) for the period to be appropriated | 9905 | -€885,383 | -€573,697 | +€311,686 | +35.2% |
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 18 October 2026 via checked.be.