Courbeaucarre: 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.
Courbeaucarre
Largest movements
- Receivables after one year +€30,400
up €30,400 (+45.2%), from €67,200 to €97,600
- Tangible fixed assets -€19,700
down €19,700 (-11.1%), from €177,027 to €157,328
of which Plant, machinery and equipment: -€11,686
- Profit (loss) carried forward +€17,826
up €17,826 (+21.8%), from €81,737 to €99,563
- Debts after one year -€12,056
down €12,056 (-7.4%), from €163,646 to €151,590
- Trade debts +€8,916
up €8,916 (+42.6%), from €20,925 to €29,841
- Accrued charges and deferred income +€8,850
new in 2025: €8,850
- Short-term financial debts -€8,385
down €8,385 (-54.7%), from €15,337 to €6,952
- Gross operating margin -€5,699
down €5,699 (-10.4%), from €54,671 to €48,972
- Depreciation -€2,883
down €2,883 (-12.8%), from €22,582 to €19,700
- Other operating charges -€1,253
down €1,253 (-53.3%), from €2,351 to €1,098
- Financial charges -€1,157
down €1,157 (-14.4%), from €8,035 to €6,879
- Financial income +€610
up €610 (+42.1%), from €1,450 to €2,060
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 | €324,877 | €340,668 | +€15,791 | +4.9% |
| Fixed assets | 21/28 | €197,140 | €177,501 | -€19,640 | -10.0% |
| Tangible fixed assets | 22/27 | €177,027 | €157,328 | -€19,700 | -11.1% |
| Plant, machinery and equipment | 23 | €163,090 | €151,404 | -€11,686 | -7.2% |
| Furniture and vehicles | 24 | €4,013 | €1,318 | -€2,695 | -67.2% |
| Other tangible fixed assets | 26 | €9,924 | €4,606 | -€5,319 | -53.6% |
| Financial fixed assets | 28 | €20,113 | €20,173 | +€60 | +0.3% |
| Current assets | 29/58 | €127,737 | €163,168 | +€35,431 | +27.7% |
| Amounts receivable after more than one year | 29 | €67,200 | €97,600 | +€30,400 | +45.2% |
| Other amounts receivable | 291 | €67,200 | €97,600 | +€30,400 | +45.2% |
| Amounts receivable within one year | 40/41 | €56,793 | €57,461 | +€668 | +1.2% |
| Trade receivables | 40 | €54,665 | €49,312 | -€5,353 | -9.8% |
| Other amounts receivable | 41 | €2,128 | €8,149 | +€6,021 | +283% |
| Cash at bank and in hand | 54/58 | - | €2,303 | +€2,303 | |
| Deferred charges and accrued income | 490/1 | €3,744 | €5,804 | +€2,060 | +55.0% |
| Total equity and liabilities | 10/49 | €324,877 | €340,668 | +€15,791 | +4.9% |
| Equity | 10/15 | €94,796 | €112,623 | +€17,826 | +18.8% |
| Contributions | 10/11 | €6,200 | €6,200 | = | 0.0% |
| Reserves | 13 | €6,859 | €6,859 | = | 0.0% |
| Non-distributable reserves | 130/1 | €1,859 | €1,859 | = | 0.0% |
| Reserves not available under the articles | 1311 | €1,859 | €1,859 | = | 0.0% |
| Tax-exempt reserves | 132 | €5,000 | €5,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | €81,737 | €99,563 | +€17,826 | +21.8% |
| Amounts payable | 17/49 | €230,081 | €228,046 | -€2,035 | -0.9% |
| Amounts payable after more than one year | 17 | €163,646 | €151,590 | -€12,056 | -7.4% |
| Financial debts | 170/4 | €163,646 | €151,590 | -€12,056 | -7.4% |
| Amounts payable within one year | 42/48 | €66,435 | €67,606 | +€1,171 | +1.8% |
| Current portion of amounts payable after more than one year | 42 | €11,781 | €12,177 | +€396 | +3.4% |
| Financial debts | 43 | €15,337 | €6,952 | -€8,385 | -54.7% |
| Credit institutions | 430/8 | €15,337 | €6,952 | -€8,385 | -54.7% |
| Trade debts | 44 | €20,925 | €29,841 | +€8,916 | +42.6% |
| Suppliers | 440/4 | €20,925 | €29,841 | +€8,916 | +42.6% |
| Advances received on contracts in progress | 46 | €10,000 | €10,000 | = | 0.0% |
| Taxes, remuneration and social security | 45 | €6,640 | €6,923 | +€283 | +4.3% |
| Taxes | 450/3 | €6,640 | €6,923 | +€283 | +4.3% |
| Other amounts payable | 47/48 | €1,752 | €1,714 | -€38 | -2.2% |
| Accrued charges and deferred income | 492/3 | - | €8,850 | +€8,850 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €22,582 | €19,700 | -€2,883 | -12.8% |
| Other operating charges | 640/8 | €2,351 | €1,098 | -€1,253 | -53.3% |
| Gross operating margin | 9900 | €54,671 | €48,972 | -€5,699 | -10.4% |
| Operating profit (loss) | 9901 | €29,737 | €28,174 | -€1,563 | -5.3% |
| Financial income | 75/76B | €1,450 | €2,060 | +€610 | +42.1% |
| Recurring financial income | 75 | €1,450 | €2,060 | +€610 | +42.1% |
| Financial charges | 65/66B | €8,035 | €6,879 | -€1,157 | -14.4% |
| Recurring financial charges | 65 | €8,035 | €6,879 | -€1,157 | -14.4% |
| Profit (loss) for the period before taxes | 9903 | €23,152 | €23,355 | +€203 | +0.9% |
| Income taxes | 67/77 | €5,246 | €5,529 | +€283 | +5.4% |
| Profit (loss) for the period | 9904 | €17,906 | €17,826 | -€79 | -0.4% |
| Profit (loss) for the period to be appropriated | 9905 | €17,906 | €17,826 | -€79 | -0.4% |
Source: filed annual accounts (NBB), financial years ended 30 September 2024 and 30 September 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 27 October 2026 via checked.be.