Cortenstaal DC: 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.
Cortenstaal DC
Largest movements
- Cash +€14,692
up €14,692 (+16.6%), from €88,242 to €102,934
mainly Net result for the year (+€43,551) and Receivables within one year (+€1,423)
- Deferred charges and accrued income +€14,431
up €14,431 (+494%), from €2,920 to €17,351
- Reserves +€43,551
up €43,551 (+51.7%), from €84,315 to €127,866
- Tax, wage and social debts -€16,583
down €16,583 (-70.8%), from €23,428 to €6,846
of which Taxes: -€16,583
- Gross operating margin +€15,145
up €15,145 (+33.5%), from €45,265 to €60,411
- Taxes +€2,585
up €2,585 (+26.9%), from €9,624 to €12,209
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 | €117,303 | €143,692 | +€26,389 | +22.5% |
| Fixed assets | 21/28 | €5,137 | €3,827 | -€1,310 | -25.5% |
| Tangible fixed assets | 22/27 | €5,137 | €3,827 | -€1,310 | -25.5% |
| Plant, machinery and equipment | 23 | €2,062 | €1,447 | -€614 | -29.8% |
| Furniture and vehicles | 24 | €3,076 | €2,380 | -€696 | -22.6% |
| Current assets | 29/58 | €112,165 | €139,865 | +€27,699 | +24.7% |
| Amounts receivable within one year | 40/41 | €21,003 | €19,580 | -€1,423 | -6.8% |
| Trade receivables | 40 | €15,004 | €14,324 | -€680 | -4.5% |
| Other amounts receivable | 41 | €5,999 | €5,256 | -€743 | -12.4% |
| Cash at bank and in hand | 54/58 | €88,242 | €102,934 | +€14,692 | +16.6% |
| Deferred charges and accrued income | 490/1 | €2,920 | €17,351 | +€14,431 | +494% |
| Total equity and liabilities | 10/49 | €117,303 | €143,692 | +€26,389 | +22.5% |
| Equity | 10/15 | €91,415 | €134,966 | +€43,551 | +47.6% |
| Contributions | 10/11 | €7,100 | €7,100 | = | 0.0% |
| Reserves | 13 | €84,315 | €127,866 | +€43,551 | +51.7% |
| Distributable reserves | 133 | €84,315 | €127,866 | +€43,551 | +51.7% |
| Amounts payable | 17/49 | €25,888 | €8,726 | -€17,162 | -66.3% |
| Amounts payable within one year | 42/48 | €25,888 | €8,726 | -€17,162 | -66.3% |
| Financial debts | 43 | €1,247 | €1,273 | +€26 | +2.1% |
| Credit institutions | 430/8 | €1,247 | €1,273 | +€26 | +2.1% |
| Trade debts | 44 | €1,213 | €607 | -€606 | -49.9% |
| Suppliers | 440/4 | €1,213 | €607 | -€606 | -49.9% |
| Taxes, remuneration and social security | 45 | €23,428 | €6,846 | -€16,583 | -70.8% |
| Taxes | 450/3 | €23,428 | €6,846 | -€16,583 | -70.8% |
| Remuneration and social security | 454/9 | €0 | - | = | |
| Other amounts payable | 47/48 | €0 | - | = | |
| Remuneration, social security and pensions | 62 | €0 | - | = | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €1,250 | €1,310 | +€60 | +4.8% |
| Other operating charges | 640/8 | €336 | €840 | +€503 | +150% |
| Gross operating margin | 9900 | €45,265 | €60,411 | +€15,145 | +33.5% |
| Operating profit (loss) | 9901 | €43,679 | €58,260 | +€14,582 | +33.4% |
| Financial income | 75/76B | €2 | €187 | +€185 | +9,860% |
| Recurring financial income | 75 | €2 | €187 | +€185 | +9,860% |
| Financial charges | 65/66B | €2,516 | €2,687 | +€171 | +6.8% |
| Recurring financial charges | 65 | €2,516 | €2,687 | +€171 | +6.8% |
| Profit (loss) for the period before taxes | 9903 | €41,164 | €55,760 | +€14,596 | +35.5% |
| Income taxes | 67/77 | €9,624 | €12,209 | +€2,585 | +26.9% |
| Profit (loss) for the period | 9904 | €31,540 | €43,551 | +€12,011 | +38.1% |
| Profit (loss) for the period to be appropriated | 9905 | €31,540 | €43,551 | +€12,011 | +38.1% |
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 20 October 2026 via checked.be.