COURCELLE ART & PRODUCTION: what changed
COURCELLE ART & PRODUCTION
Largest movements
- Cash +€2,121
up €2,121 (+240%), from €885 to €3,006
mainly Trade debts (+€2,397) and Net result for the year (+€2,163)
- Tangible fixed assets -€875
down €875 (-37.9%), from €2,311 to €1,436
- Tax, wage and social debts -€2,853
down €2,853 (-63.5%), from €4,491 to €1,638
of which Remuneration and social security: -€1,500
- Trade debts +€2,397
up €2,397 (+219%), from €1,094 to €3,491
- Profit (loss) carried forward +€2,163
up €2,163 (+70.9%), from -€3,052 to -€889
- Accrued charges and deferred income -€450
no longer reported in 2025 (was €450)
- Gross operating margin +€4,357
up €4,357, from -€405 to €3,952
- Financial income +€2,429
up €2,429 (+682%), from €356 to €2,785
- Taxes +€1,233
new in 2025: €1,233
- Financial charges -€1,119
down €1,119 (-42.5%), from €2,633 to €1,514
of which Non-recurring financial charges: -€1,280
- Other operating charges +€414
up €414 (+82.1%), from €504 to €919
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 | €25,181 | €26,439 | +€1,258 | +5.0% |
| Fixed assets | 21/28 | €2,344 | €1,436 | -€909 | -38.8% |
| Intangible fixed assets | 21 | €34 | - | -€34 | |
| Tangible fixed assets | 22/27 | €2,311 | €1,436 | -€875 | -37.9% |
| Furniture and vehicles | 24 | €2,311 | €1,436 | -€875 | -37.9% |
| Current assets | 29/58 | €22,837 | €25,003 | +€2,167 | +9.5% |
| Amounts receivable after more than one year | 29 | €3,800 | €3,800 | = | 0.0% |
| Other amounts receivable | 291 | €3,800 | €3,800 | = | 0.0% |
| Amounts receivable within one year | 40/41 | €18,136 | €18,197 | +€61 | +0.3% |
| Other amounts receivable | 41 | €18,136 | €18,197 | +€61 | +0.3% |
| Cash at bank and in hand | 54/58 | €885 | €3,006 | +€2,121 | +240% |
| Deferred charges and accrued income | 490/1 | €15 | - | -€15 | |
| Total equity and liabilities | 10/49 | €25,181 | €26,439 | +€1,258 | +5.0% |
| Equity | 10/15 | €19,147 | €21,310 | +€2,163 | +11.3% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €3,599 | €3,599 | = | 0.0% |
| Non-distributable reserves | 130/1 | €1,860 | €1,860 | = | 0.0% |
| Reserves not available under the articles | 1311 | €1,860 | €1,860 | = | 0.0% |
| Distributable reserves | 133 | €1,739 | €1,739 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€3,052 | -€889 | +€2,163 | +70.9% |
| Amounts payable | 17/49 | €6,034 | €5,129 | -€905 | -15.0% |
| Amounts payable within one year | 42/48 | €5,584 | €5,129 | -€455 | -8.2% |
| Trade debts | 44 | €1,094 | €3,491 | +€2,397 | +219% |
| Suppliers | 440/4 | €1,094 | €3,491 | +€2,397 | +219% |
| Taxes, remuneration and social security | 45 | €4,491 | €1,638 | -€2,853 | -63.5% |
| Taxes | 450/3 | €2,691 | €1,338 | -€1,353 | -50.3% |
| Remuneration and social security | 454/9 | €1,800 | €300 | -€1,500 | -83.3% |
| Accrued charges and deferred income | 492/3 | €450 | - | -€450 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €1,320 | €909 | -€411 | -31.2% |
| Other operating charges | 640/8 | €504 | €919 | +€414 | +82.1% |
| Gross operating margin | 9900 | -€405 | €3,952 | +€4,357 | |
| Operating profit (loss) | 9901 | -€2,229 | €2,125 | +€4,354 | |
| Financial income | 75/76B | €356 | €2,785 | +€2,429 | +682% |
| Recurring financial income | 75 | €356 | €2,785 | +€2,429 | +682% |
| Financial charges | 65/66B | €2,633 | €1,514 | -€1,119 | -42.5% |
| Recurring financial charges | 65 | €1,354 | €1,514 | +€160 | +11.8% |
| Non-recurring financial charges | 66B | €1,280 | - | -€1,280 | |
| Profit (loss) for the period before taxes | 9903 | -€4,507 | €3,396 | +€7,903 | |
| Income taxes | 67/77 | - | €1,233 | +€1,233 | |
| Profit (loss) for the period | 9904 | -€4,507 | €2,163 | +€6,670 | |
| Profit (loss) for the period to be appropriated | 9905 | -€4,507 | €2,163 | +€6,670 |
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 4 November 2026 via checked.be.