COUR DE CORTENBACH: what changed
COUR DE CORTENBACH
Largest movements
- Cash -€49,559
down €49,559 (-66.1%), from €74,920 to €25,361
mainly Net result for the year (-€54,793) and Stocks and contracts (-€24,922)
- Receivables within one year -€38,778
down €38,778 (-35.8%), from €108,241 to €69,464
of which Trade receivables: -€39,810
- Stocks and contracts +€24,922
up €24,922 (+11.6%), from €214,283 to €239,204
- Deferred charges and accrued income -€4,551
down €4,551 (-66.8%), from €6,808 to €2,257
- Profit (loss) carried forward -€54,793
down €54,793 (-41.7%), from -€131,481 to -€186,275
- Tax, wage and social debts -€10,885
down €10,885 (-74.1%), from €14,681 to €3,796
of which Taxes: -€11,017
- Trade debts +€10,118
up €10,118 (+157%), from €6,463 to €16,581
- Current portion of long-term debt -€9,393
down €9,393 (-100%), from €9,393 to €0
- Other debts -€7,246
down €7,246 (-1.3%), from €537,243 to €529,997
- Gross operating margin -€47,735
down €47,735, from €18,636 to -€29,099
- Other operating charges -€11,928
down €11,928 (-90.5%), from €13,178 to €1,251
- Financial income -€7,413
down €7,413 (-97.2%), from €7,624 to €210
- Depreciation -€6,391
down €6,391 (-22.2%), from €28,730 to €22,339
- Staff costs -€731
down €731 (-31.7%), from €2,308 to €1,577
Change in the result, 2024 to 2025
For each income-statement line you see the change as its effect on the result. Higher costs lower the result, higher income raises it.
Derived cash bridge
The bridge is derived from the 2024 and 2025 balance sheets and the 2025 result. There is no filed cash-flow statement. You see where the money came from and where it went.
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €454,898 | €382,700 | -€72,198 | -15.9% |
| Formation expenses | 20 | - | €0 | = | |
| Fixed assets | 21/28 | €50,646 | €46,413 | -€4,233 | -8.4% |
| Tangible fixed assets | 22/27 | €50,646 | €46,413 | -€4,233 | -8.4% |
| Plant, machinery and equipment | 23 | €11,794 | €20,350 | +€8,556 | +72.5% |
| Furniture and vehicles | 24 | €13,205 | €3,801 | -€9,404 | -71.2% |
| Other tangible fixed assets | 26 | €25,647 | €22,262 | -€3,385 | -13.2% |
| Current assets | 29/58 | €404,252 | €336,286 | -€67,966 | -16.8% |
| Stocks and contracts in progress | 3 | €214,283 | €239,204 | +€24,922 | +11.6% |
| Stocks | 30/36 | €214,283 | €239,204 | +€24,922 | +11.6% |
| Amounts receivable within one year | 40/41 | €108,241 | €69,464 | -€38,778 | -35.8% |
| Trade receivables | 40 | €105,692 | €65,882 | -€39,810 | -37.7% |
| Other amounts receivable | 41 | €2,549 | €3,582 | +€1,033 | +40.5% |
| Cash at bank and in hand | 54/58 | €74,920 | €25,361 | -€49,559 | -66.1% |
| Deferred charges and accrued income | 490/1 | €6,808 | €2,257 | -€4,551 | -66.8% |
| Total equity and liabilities | 10/49 | €454,898 | €382,700 | -€72,198 | -15.9% |
| Equity | 10/15 | -€112,881 | -€167,675 | -€54,793 | -48.5% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€131,481 | -€186,275 | -€54,793 | -41.7% |
| Investment grants | 15 | - | €0 | = | |
| Amounts payable | 17/49 | €567,779 | €550,374 | -€17,405 | -3.1% |
| Amounts payable within one year | 42/48 | €567,779 | €550,374 | -€17,405 | -3.1% |
| Current portion of amounts payable after more than one year | 42 | €9,393 | €0 | -€9,393 | -100% |
| Trade debts | 44 | €6,463 | €16,581 | +€10,118 | +157% |
| Suppliers | 440/4 | €6,463 | €16,581 | +€10,118 | +157% |
| Taxes, remuneration and social security | 45 | €14,681 | €3,796 | -€10,885 | -74.1% |
| Taxes | 450/3 | €13,833 | €2,815 | -€11,017 | -79.6% |
| Remuneration and social security | 454/9 | €848 | €980 | +€133 | +15.6% |
| Other amounts payable | 47/48 | €537,243 | €529,997 | -€7,246 | -1.3% |
| Remuneration, social security and pensions | 62 | €2,308 | €1,577 | -€731 | -31.7% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €28,730 | €22,339 | -€6,391 | -22.2% |
| Other operating charges | 640/8 | €13,178 | €1,251 | -€11,928 | -90.5% |
| Gross operating margin | 9900 | €18,636 | -€29,099 | -€47,735 | |
| Operating profit (loss) | 9901 | -€25,579 | -€54,265 | -€28,686 | -112% |
| Financial income | 75/76B | €7,624 | €210 | -€7,413 | -97.2% |
| Recurring financial income | 75 | €7,624 | €210 | -€7,413 | -97.2% |
| Financial charges | 65/66B | €346 | €538 | +€191 | +55.3% |
| Recurring financial charges | 65 | €346 | €538 | +€191 | +55.3% |
| Profit (loss) for the period before taxes | 9903 | -€18,302 | -€54,592 | -€36,290 | -198% |
| Income taxes | 67/77 | €217 | €201 | -€16 | -7.6% |
| Profit (loss) for the period | 9904 | -€18,519 | -€54,793 | -€36,274 | -196% |
| Profit (loss) for the period to be appropriated | 9905 | -€18,519 | -€54,793 | -€36,274 | -196% |
Next steps
Calculation and sources
Source: filed annual accounts (NBB), financial years ended 31 December 2024 and 31 December 2025. Green is a favourable move for that line, red an unfavourable one. Prepared on 5 November 2026 via checked.be.