CORTIL IMMO: what changed
Two fiscal 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.
CORTIL IMMO
Largest movements
- Financial fixed assets -€63,464
down €63,464 (-47.1%), from €134,821 to €71,357
- Tangible fixed assets -€10,466
down €10,466 (-8.8%), from €119,148 to €108,682
- Deferred charges and accrued income -€2,837
down €2,837 (-57.9%), from €4,896 to €2,060
- Debts after one year -€81,714
down €81,714 (-83.4%), from €97,951 to €16,237
of which Trade debts: -€60,064
- Depreciation -€1,405
down €1,405 (-11.8%), from €11,871 to €10,466
- Gross operating margin +€1,293
up €1,293 (+8.8%), from €14,611 to €15,904
- Purchases and services -€1,293
down €1,293 (-18.5%), from €6,989 to €5,696
- Financial charges -€1,199
down €1,199 (-28.6%), from €4,195 to €2,995
From the 2022 result to the 2023 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
Cash or the result is not a separate line in both sets of accounts; the cash flow cannot be derived from them.
Every line side by side
| Line | Code | 2022 | 2023 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €260,922 | €184,145 | -€76,777 | -29.4% |
| Fixed assets | 21/28 | €253,969 | €180,039 | -€73,930 | -29.1% |
| Tangible fixed assets | 22/27 | €119,148 | €108,682 | -€10,466 | -8.8% |
| Land and buildings | 22 | €119,148 | €108,682 | -€10,466 | -8.8% |
| Financial fixed assets | 28 | €134,821 | €71,357 | -€63,464 | -47.1% |
| Current assets | 29/58 | €6,953 | €4,106 | -€2,847 | -40.9% |
| Amounts receivable within one year | 40/41 | €1,940 | €1,940 | = | 0.0% |
| Other amounts receivable | 41 | €1,940 | €1,940 | = | 0.0% |
| Current investments | 50/53 | €116 | €106 | -€10 | -8.4% |
| Deferred charges and accrued income | 490/1 | €4,896 | €2,060 | -€2,837 | -57.9% |
| Total equity and liabilities | 10/49 | €260,922 | €184,145 | -€76,777 | -29.4% |
| Equity | 10/15 | €138,423 | €140,482 | +€2,059 | +1.5% |
| Contributions | 10/11 | €77,955 | €77,955 | = | 0.0% |
| Capital | 10 | €77,955 | €77,955 | = | 0.0% |
| Issued capital | 100 | €77,955 | €77,955 | = | 0.0% |
| Reserves | 13 | €7,796 | €7,796 | = | 0.0% |
| Non-distributable reserves | 130/1 | €7,796 | €7,796 | = | 0.0% |
| Legal reserve | 130 | €7,796 | €7,796 | = | 0.0% |
| Profit (loss) carried forward | 14 | €52,672 | €54,731 | +€2,059 | +3.9% |
| Amounts payable | 17/49 | €122,499 | €43,663 | -€78,836 | -64.4% |
| Amounts payable after more than one year | 17 | €97,951 | €16,237 | -€81,714 | -83.4% |
| Financial debts | 170/4 | €37,887 | €16,237 | -€21,650 | -57.1% |
| Trade debts | 175 | €60,064 | - | -€60,064 | |
| Amounts payable within one year | 42/48 | €24,548 | €27,426 | +€2,878 | +11.7% |
| Current portion of amounts payable after more than one year | 42 | €21,650 | €21,650 | = | 0.0% |
| Trade debts | 44 | €1,177 | €0 | -€1,177 | -100.0% |
| Suppliers | 440/4 | €1,177 | €0 | -€1,177 | -100.0% |
| Advances received on contracts in progress | 46 | - | €2,295 | +€2,295 | |
| Other amounts payable | 47/48 | €1,722 | €3,482 | +€1,760 | +102.2% |
| Turnover | 70 | €21,600 | €21,600 | = | 0.0% |
| Goods, raw materials, services and sundry goods | 60/61 | €6,989 | €5,696 | -€1,293 | -18.5% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €11,871 | €10,466 | -€1,405 | -11.8% |
| Other operating charges | 640/8 | €348 | €384 | +€37 | +10.6% |
| Gross operating margin | 9900 | €14,611 | €15,904 | +€1,293 | +8.8% |
| Operating profit (loss) | 9901 | €2,393 | €5,054 | +€2,661 | +111.2% |
| Financial charges | 65/66B | €4,195 | €2,995 | -€1,199 | -28.6% |
| Recurring financial charges | 65 | €4,195 | €2,995 | -€1,199 | -28.6% |
| Profit (loss) for the period before taxes | 9903 | -€1,802 | €2,059 | +€3,860 | |
| Profit (loss) for the period | 9904 | -€1,802 | €2,059 | +€3,860 | |
| Profit (loss) for the period to be appropriated | 9905 | -€1,802 | €2,059 | +€3,860 |
Source: filed annual accounts (NBB), fiscal years ended 31 December 2022 and 31 December 2023. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 2 October 2026 via checked.be.