Cortil Muré: 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.
Cortil Muré
Largest movements
- Tangible fixed assets -€22,249
down €22,249 (-4.6%), from €482,124 to €459,875
- Current portion of long-term debt -€27,775
down €27,775 (-48.4%), from €57,421 to €29,646
- Profit (loss) carried forward +€25,508
up €25,508 (+16.5%), from €154,884 to €180,392
- Debts after one year -€19,646
down €19,646 (-8.0%), from €245,294 to €225,648
of which Financial debts: -€19,646
- Other debts +€4,868
up €4,868 (+72.8%), from €6,688 to €11,556
- Financial charges -€1,764
down €1,764 (-16.1%), from €10,975 to €9,212
- Gross operating margin +€734
up €734 (+1.1%), from €67,814 to €68,548
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 | €485,664 | €467,767 | -€17,897 | -3.7% |
| Fixed assets | 21/28 | €482,124 | €459,875 | -€22,249 | -4.6% |
| Tangible fixed assets | 22/27 | €482,124 | €459,875 | -€22,249 | -4.6% |
| Land and buildings | 22 | €482,124 | €459,875 | -€22,249 | -4.6% |
| Current assets | 29/58 | €3,541 | €7,892 | +€4,352 | +123% |
| Amounts receivable within one year | 40/41 | - | €2,945 | +€2,945 | |
| Other amounts receivable | 41 | - | €2,945 | +€2,945 | |
| Cash at bank and in hand | 54/58 | €3,071 | €4,450 | +€1,380 | +44.9% |
| Deferred charges and accrued income | 490/1 | €470 | €497 | +€27 | +5.8% |
| Total equity and liabilities | 10/49 | €485,664 | €467,767 | -€17,897 | -3.7% |
| Equity | 10/15 | €175,344 | €200,852 | +€25,508 | +14.5% |
| Contributions | 10/11 | €20,460 | €20,460 | = | 0.0% |
| Profit (loss) carried forward | 14 | €154,884 | €180,392 | +€25,508 | +16.5% |
| Amounts payable | 17/49 | €310,321 | €266,915 | -€43,406 | -14.0% |
| Amounts payable after more than one year | 17 | €245,294 | €225,648 | -€19,646 | -8.0% |
| Financial debts | 170/4 | €244,544 | €224,898 | -€19,646 | -8.0% |
| Other amounts payable | 178/9 | €750 | €750 | = | 0.0% |
| Amounts payable within one year | 42/48 | €65,027 | €41,267 | -€23,760 | -36.5% |
| Current portion of amounts payable after more than one year | 42 | €57,421 | €29,646 | -€27,775 | -48.4% |
| Trade debts | 44 | €513 | €66 | -€448 | -87.2% |
| Suppliers | 440/4 | €513 | €66 | -€448 | -87.2% |
| Taxes, remuneration and social security | 45 | €405 | - | -€405 | |
| Taxes | 450/3 | €405 | - | -€405 | |
| Other amounts payable | 47/48 | €6,688 | €11,556 | +€4,868 | +72.8% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €22,249 | €22,249 | = | 0.0% |
| Other operating charges | 640/8 | €2,982 | €3,076 | +€94 | +3.2% |
| Gross operating margin | 9900 | €67,814 | €68,548 | +€734 | +1.1% |
| Operating profit (loss) | 9901 | €42,582 | €43,223 | +€640 | +1.5% |
| Financial charges | 65/66B | €10,975 | €9,212 | -€1,764 | -16.1% |
| Recurring financial charges | 65 | €10,975 | €9,212 | -€1,764 | -16.1% |
| Profit (loss) for the period before taxes | 9903 | €31,607 | €34,011 | +€2,404 | +7.6% |
| Income taxes | 67/77 | €8,005 | €8,503 | +€498 | +6.2% |
| Profit (loss) for the period | 9904 | €23,602 | €25,508 | +€1,906 | +8.1% |
| Profit (loss) for the period to be appropriated | 9905 | €23,602 | €25,508 | +€1,906 | +8.1% |
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 14 October 2026 via checked.be.