Courbois Engineering: what changed
Two fiscal 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.
Courbois Engineering
Largest movements
- Cash -€12,835
down €12,835 (-100.0%), from €12,835 to €0
mainly Net result for the year (-€10,933) and Tax, wage and social debts (-€7,204)
- Receivables within one year -€2,583
down €2,583 (-17.2%), from €15,044 to €12,461
of which Trade receivables: -€4,101
- Deferred charges and accrued income -€845
down €845 (-34.2%), from €2,473 to €1,627
- Tangible fixed assets -€781
down €781 (-35.9%), from €2,176 to €1,395
- Profit (loss) carried forward -€10,933
down €10,933 (-82.7%), from €13,226 to €2,293
- Tax, wage and social debts -€7,204
down €7,204 (-46.1%), from €15,627 to €8,423
of which Taxes: -€5,204
- Accrued charges and deferred income +€2,592
new in 2025: €2,592
- Other debts -€2,500
down €2,500 (-100.0%), from €2,500 to €0
- Trade debts +€888
up €888 (+131.5%), from €675 to €1,563
- Gross operating margin -€28,257
down €28,257, from €19,187 to -€9,069
- Taxes -€4,074
down €4,074 (-96.1%), from €4,239 to €165
- Depreciation +€614
up €614 (+367.0%), from €167 to €781
- Financial income +€536
up €536 (+2707.9%), from €20 to €556
- Other operating charges -€467
down €467 (-32.6%), from €1,430 to €963
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.
Cash bridge derived
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 | €35,028 | €17,984 | -€17,045 | -48.7% |
| Fixed assets | 21/28 | €4,676 | €3,895 | -€781 | -16.7% |
| Tangible fixed assets | 22/27 | €2,176 | €1,395 | -€781 | -35.9% |
| Plant, machinery and equipment | 23 | €2,176 | €1,395 | -€781 | -35.9% |
| Financial fixed assets | 28 | €2,500 | €2,500 | = | 0.0% |
| Current assets | 29/58 | €30,352 | €14,088 | -€16,263 | -53.6% |
| Amounts receivable within one year | 40/41 | €15,044 | €12,461 | -€2,583 | -17.2% |
| Trade receivables | 40 | €7,441 | €3,340 | -€4,101 | -55.1% |
| Other amounts receivable | 41 | €7,602 | €9,121 | +€1,518 | +20.0% |
| Cash at bank and in hand | 54/58 | €12,835 | €0 | -€12,835 | -100.0% |
| Deferred charges and accrued income | 490/1 | €2,473 | €1,627 | -€845 | -34.2% |
| Total equity and liabilities | 10/49 | €35,028 | €17,984 | -€17,045 | -48.7% |
| Equity | 10/15 | €16,226 | €5,293 | -€10,933 | -67.4% |
| Contributions | 10/11 | €3,000 | €3,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | €13,226 | €2,293 | -€10,933 | -82.7% |
| Amounts payable | 17/49 | €18,802 | €12,690 | -€6,111 | -32.5% |
| Amounts payable within one year | 42/48 | €18,802 | €10,099 | -€8,703 | -46.3% |
| Financial debts | 43 | - | €113 | +€113 | |
| Credit institutions | 430/8 | - | €113 | +€113 | |
| Trade debts | 44 | €675 | €1,563 | +€888 | +131.5% |
| Suppliers | 440/4 | €675 | €1,563 | +€888 | +131.5% |
| Taxes, remuneration and social security | 45 | €15,627 | €8,423 | -€7,204 | -46.1% |
| Taxes | 450/3 | €13,627 | €8,423 | -€5,204 | -38.2% |
| Remuneration and social security | 454/9 | €2,000 | €0 | -€2,000 | -100.0% |
| Other amounts payable | 47/48 | €2,500 | €0 | -€2,500 | -100.0% |
| Accrued charges and deferred income | 492/3 | - | €2,592 | +€2,592 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €167 | €781 | +€614 | +367.0% |
| Other operating charges | 640/8 | €1,430 | €963 | -€467 | -32.6% |
| Gross operating margin | 9900 | €19,187 | -€9,069 | -€28,257 | |
| Operating profit (loss) | 9901 | €17,591 | -€10,813 | -€28,404 | |
| Financial income | 75/76B | €20 | €556 | +€536 | +2707.9% |
| Recurring financial income | 75 | €20 | €556 | +€536 | +2707.9% |
| Financial charges | 65/66B | €145 | €511 | +€366 | +251.7% |
| Recurring financial charges | 65 | €145 | €511 | +€366 | +251.7% |
| Profit (loss) for the period before taxes | 9903 | €17,465 | -€10,768 | -€28,233 | |
| Income taxes | 67/77 | €4,239 | €165 | -€4,074 | -96.1% |
| Profit (loss) for the period | 9904 | €13,226 | -€10,933 | -€24,160 | |
| Profit (loss) for the period to be appropriated | 9905 | €13,226 | -€10,933 | -€24,160 |
Source: filed annual accounts (NBB), fiscal years ended 31 December 2024 and 31 December 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 2 October 2026 via checked.be.