CORTENBOSCH: 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.
CORTENBOSCH
Largest movements
- Stocks and contracts -€21,861
down €21,861 (-69.2%), from €31,609 to €9,748
- Tangible fixed assets -€3,585
down €3,585 (-14.0%), from €25,630 to €22,045
of which Other tangible fixed assets: -€3,338
- Receivables within one year -€898
down €898 (-42.1%), from €2,133 to €1,235
of which Other amounts receivable: -€568
- Other debts -€14,248
down €14,248 (-13.9%), from €102,332 to €88,084
- Profit (loss) carried forward -€11,580
down €11,580 (-7.8%), from -€147,641 to -€159,221
- Short-term financial debts -€1,159
no longer reported in 2025 (was €1,159)
- Trade debts +€1,148
up €1,148 (+47.0%), from €2,445 to €3,593
- Gross operating margin -€24,009
down €24,009, from €17,469 to -€6,540
- Depreciation -€909
down €909 (-20.2%), from €4,494 to €3,585
- Other operating charges +€429
up €429 (+47.2%), from €909 to €1,338
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 | €59,372 | €33,054 | -€26,318 | -44.3% |
| Fixed assets | 21/28 | €25,630 | €22,045 | -€3,585 | -14.0% |
| Tangible fixed assets | 22/27 | €25,630 | €22,045 | -€3,585 | -14.0% |
| Furniture and vehicles | 24 | €247 | - | -€247 | |
| Other tangible fixed assets | 26 | €25,383 | €22,045 | -€3,338 | -13.2% |
| Current assets | 29/58 | €33,742 | €11,009 | -€22,733 | -67.4% |
| Stocks and contracts in progress | 3 | €31,609 | €9,748 | -€21,861 | -69.2% |
| Stocks | 30/36 | €31,609 | €9,748 | -€21,861 | -69.2% |
| Amounts receivable within one year | 40/41 | €2,133 | €1,235 | -€898 | -42.1% |
| Trade receivables | 40 | €1,000 | €670 | -€330 | -33.0% |
| Other amounts receivable | 41 | €1,133 | €565 | -€568 | -50.1% |
| Cash at bank and in hand | 54/58 | - | €26 | +€26 | |
| Total equity and liabilities | 10/49 | €59,372 | €33,054 | -€26,318 | -44.3% |
| Equity | 10/15 | -€47,641 | -€59,221 | -€11,580 | -24.3% |
| Contributions | 10/11 | €100,000 | €100,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€147,641 | -€159,221 | -€11,580 | -7.8% |
| Amounts payable | 17/49 | €107,013 | €92,275 | -€14,738 | -13.8% |
| Amounts payable within one year | 42/48 | €107,013 | €92,275 | -€14,738 | -13.8% |
| Financial debts | 43 | €1,159 | - | -€1,159 | |
| Credit institutions | 430/8 | €1,159 | - | -€1,159 | |
| Trade debts | 44 | €2,445 | €3,593 | +€1,148 | +47.0% |
| Suppliers | 440/4 | €2,445 | €3,593 | +€1,148 | +47.0% |
| Taxes, remuneration and social security | 45 | €1,077 | €598 | -€479 | -44.5% |
| Taxes | 450/3 | €1,077 | €598 | -€479 | -44.5% |
| Other amounts payable | 47/48 | €102,332 | €88,084 | -€14,248 | -13.9% |
| Non-recurring operating income | 76A | €380 | €753 | +€373 | +98.2% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €4,494 | €3,585 | -€909 | -20.2% |
| Other operating charges | 640/8 | €909 | €1,338 | +€429 | +47.2% |
| Gross operating margin | 9900 | €17,469 | -€6,540 | -€24,009 | |
| Operating profit (loss) | 9901 | €12,066 | -€11,463 | -€23,529 | |
| Financial charges | 65/66B | €112 | €117 | +€5 | +4.5% |
| Recurring financial charges | 65 | €112 | €117 | +€5 | +4.5% |
| Profit (loss) for the period before taxes | 9903 | €11,954 | -€11,580 | -€23,534 | |
| Profit (loss) for the period | 9904 | €11,954 | -€11,580 | -€23,534 | |
| Profit (loss) for the period to be appropriated | 9905 | €11,954 | -€11,580 | -€23,534 |
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 15 October 2026 via checked.be.