COURBOIN: 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.
COURBOIN
Largest movements
- Cash +€134,435
up €134,435 (+130%), from €103,120 to €237,555
mainly Net result for the year (+€97,616) and Depreciation (+€41,623)
- Tangible fixed assets -€40,384
down €40,384 (-9.0%), from €447,961 to €407,577
of which Land and buildings: -€20,504
- Receivables within one year -€9,822
down €9,822 (-21.0%), from €46,815 to €36,994
- Reserves +€57,500
up €57,500 (+10.8%), from €534,605 to €592,105
of which Distributable reserves: +€57,500
- Other debts +€20,000
up €20,000 (+100%), from €20,000 to €40,000
- Depreciation +€6,225
up €6,225 (+17.6%), from €35,398 to €41,623
- Gross operating margin +€4,146
up €4,146 (+2.3%), from €176,543 to €180,689
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 | €600,418 | €685,034 | +€84,616 | +14.1% |
| Fixed assets | 21/28 | €447,961 | €407,577 | -€40,384 | -9.0% |
| Tangible fixed assets | 22/27 | €447,961 | €407,577 | -€40,384 | -9.0% |
| Land and buildings | 22 | €357,609 | €337,106 | -€20,504 | -5.7% |
| Plant, machinery and equipment | 23 | €10,380 | €9,592 | -€788 | -7.6% |
| Furniture and vehicles | 24 | €79,972 | €60,879 | -€19,093 | -23.9% |
| Current assets | 29/58 | €152,457 | €277,457 | +€125,000 | +82.0% |
| Amounts receivable within one year | 40/41 | €46,815 | €36,994 | -€9,822 | -21.0% |
| Trade receivables | 40 | €46,815 | €36,994 | -€9,822 | -21.0% |
| Cash at bank and in hand | 54/58 | €103,120 | €237,555 | +€134,435 | +130% |
| Deferred charges and accrued income | 490/1 | €2,522 | €2,908 | +€386 | +15.3% |
| Total equity and liabilities | 10/49 | €600,418 | €685,034 | +€84,616 | +14.1% |
| Equity | 10/15 | €561,624 | €619,240 | +€57,616 | +10.3% |
| Contributions | 10/11 | €6,200 | €6,200 | = | 0.0% |
| Reserves | 13 | €534,605 | €592,105 | +€57,500 | +10.8% |
| Tax-exempt reserves | 132 | €18,750 | €18,750 | = | 0.0% |
| Distributable reserves | 133 | €515,855 | €573,355 | +€57,500 | +11.1% |
| Profit (loss) carried forward | 14 | €20,819 | €20,935 | +€116 | +0.6% |
| Amounts payable | 17/49 | €38,794 | €65,794 | +€27,000 | +69.6% |
| Amounts payable within one year | 42/48 | €38,034 | €64,890 | +€26,856 | +70.6% |
| Trade debts | 44 | €3,865 | €4,834 | +€969 | +25.1% |
| Suppliers | 440/4 | €3,865 | €4,834 | +€969 | +25.1% |
| Taxes, remuneration and social security | 45 | €14,169 | €20,056 | +€5,887 | +41.5% |
| Taxes | 450/3 | €14,169 | €20,056 | +€5,887 | +41.5% |
| Other amounts payable | 47/48 | €20,000 | €40,000 | +€20,000 | +100% |
| Accrued charges and deferred income | 492/3 | €760 | €904 | +€144 | +18.9% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €35,398 | €41,623 | +€6,225 | +17.6% |
| Other operating charges | 640/8 | €3,316 | €2,440 | -€877 | -26.4% |
| Gross operating margin | 9900 | €176,543 | €180,689 | +€4,146 | +2.3% |
| Operating profit (loss) | 9901 | €137,828 | €136,627 | -€1,202 | -0.9% |
| Financial income | 75/76B | €127 | €825 | +€699 | +552% |
| Recurring financial income | 75 | €127 | €825 | +€699 | +552% |
| Financial charges | 65/66B | €87 | €154 | +€67 | +77.5% |
| Recurring financial charges | 65 | €87 | €154 | +€67 | +77.5% |
| Profit (loss) for the period before taxes | 9903 | €137,868 | €137,298 | -€570 | -0.4% |
| Income taxes | 67/77 | €38,504 | €39,682 | +€1,178 | +3.1% |
| Profit (loss) for the period | 9904 | €99,364 | €97,616 | -€1,748 | -1.8% |
| Profit (loss) for the period to be appropriated | 9905 | €99,364 | €97,616 | -€1,748 | -1.8% |
Source: filed annual accounts (NBB), financial years ended 30 June 2024 and 30 June 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 22 October 2026 via checked.be.