COURBARIL: 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.
COURBARIL
Largest movements
- Tangible fixed assets -€25,392
down €25,392 (-4.1%), from €622,366 to €596,974
of which Land and buildings: -€17,336
- Cash +€9,387
up €9,387 (+316%), from €2,974 to €12,361
mainly Depreciation (+€39,203) and Other debts (+€16,000)
- Debts after one year -€17,026
down €17,026 (-6.1%), from €276,964 to €259,938
- Other debts +€16,000
up €16,000 (+3.6%), from €447,394 to €463,394
- Profit (loss) carried forward -€10,241
down €10,241 (-8.0%), from -€127,290 to -€137,531
- Gross operating margin +€31,496
up €31,496 (+314%), from €10,022 to €41,518
- Depreciation +€10,086
up €10,086 (+34.6%), from €29,117 to €39,203
- Financial charges -€464
down €464 (-4.7%), from €9,893 to €9,430
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 | €625,901 | €610,318 | -€15,583 | -2.5% |
| Fixed assets | 21/28 | €622,366 | €596,974 | -€25,392 | -4.1% |
| Tangible fixed assets | 22/27 | €622,366 | €596,974 | -€25,392 | -4.1% |
| Land and buildings | 22 | €465,056 | €447,720 | -€17,336 | -3.7% |
| Plant, machinery and equipment | 23 | €157,310 | €149,254 | -€8,055 | -5.1% |
| Current assets | 29/58 | €3,535 | €13,344 | +€9,809 | +277% |
| Amounts receivable within one year | 40/41 | €389 | €626 | +€237 | +60.9% |
| Trade receivables | 40 | - | €237 | +€237 | |
| Other amounts receivable | 41 | €389 | €389 | = | 0.0% |
| Cash at bank and in hand | 54/58 | €2,974 | €12,361 | +€9,387 | +316% |
| Deferred charges and accrued income | 490/1 | €172 | €357 | +€185 | +108% |
| Total equity and liabilities | 10/49 | €625,901 | €610,318 | -€15,583 | -2.5% |
| Equity | 10/15 | -€121,090 | -€131,331 | -€10,241 | -8.5% |
| Contributions | 10/11 | €6,200 | €6,200 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€127,290 | -€137,531 | -€10,241 | -8.0% |
| Amounts payable | 17/49 | €746,991 | €741,649 | -€5,342 | -0.7% |
| Amounts payable after more than one year | 17 | €276,964 | €259,938 | -€17,026 | -6.1% |
| Financial debts | 170/4 | €276,964 | €259,938 | -€17,026 | -6.1% |
| Amounts payable within one year | 42/48 | €470,027 | €480,761 | +€10,734 | +2.3% |
| Current portion of amounts payable after more than one year | 42 | €17,229 | €17,368 | +€139 | +0.8% |
| Trade debts | 44 | €5,404 | €0 | -€5,404 | -100% |
| Suppliers | 440/4 | €5,404 | €0 | -€5,404 | -100% |
| Other amounts payable | 47/48 | €447,394 | €463,394 | +€16,000 | +3.6% |
| Accrued charges and deferred income | 492/3 | - | €950 | +€950 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €29,117 | €39,203 | +€10,086 | +34.6% |
| Other operating charges | 640/8 | €3,032 | €3,126 | +€95 | +3.1% |
| Gross operating margin | 9900 | €10,022 | €41,518 | +€31,496 | +314% |
| Operating profit (loss) | 9901 | -€22,127 | -€812 | +€21,315 | +96.3% |
| Financial income | 75/76B | - | €0 | +€0 | |
| Recurring financial income | 75 | - | €0 | +€0 | |
| Financial charges | 65/66B | €9,893 | €9,430 | -€464 | -4.7% |
| Recurring financial charges | 65 | €9,893 | €9,430 | -€464 | -4.7% |
| Profit (loss) for the period before taxes | 9903 | -€32,020 | -€10,241 | +€21,779 | +68.0% |
| Profit (loss) for the period | 9904 | -€32,020 | -€10,241 | +€21,779 | +68.0% |
| Profit (loss) for the period to be appropriated | 9905 | -€32,020 | -€10,241 | +€21,779 | +68.0% |
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 23 October 2026 via checked.be.