Dhooghe - Cornu: 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.
Dhooghe - Cornu
Largest movements
- Stocks and contracts +€25,000
up €25,000 (+28.6%), from €87,352 to €112,352
- Receivables within one year +€21,873
up €21,873 (+195%), from €11,214 to €33,087
of which Trade receivables: +€21,422
- Tangible fixed assets -€12,733
down €12,733 (-7.2%), from €177,386 to €164,652
of which Land and buildings: -€9,227
- Reserves +€29,194
up €29,194 (+36.5%), from €80,000 to €109,194
- Trade debts +€15,899
up €15,899 (+237%), from €6,718 to €22,617
- Debts after one year -€8,189
down €8,189 (-9.0%), from €90,855 to €82,666
- Other debts -€3,669
down €3,669 (-10.0%), from €36,825 to €33,156
- Gross operating margin +€20,670
up €20,670 (+37.0%), from €55,881 to €76,551
- Depreciation +€2,028
up €2,028 (+16.2%), from €12,532 to €14,560
- Staff costs +€1,659
up €1,659 (+43.6%), from €3,807 to €5,466
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 | €301,695 | €333,850 | +€32,155 | +10.7% |
| Fixed assets | 21/28 | €179,186 | €166,452 | -€12,733 | -7.1% |
| Tangible fixed assets | 22/27 | €177,386 | €164,652 | -€12,733 | -7.2% |
| Land and buildings | 22 | €159,851 | €150,624 | -€9,227 | -5.8% |
| Plant, machinery and equipment | 23 | €15,927 | €11,200 | -€4,727 | -29.7% |
| Furniture and vehicles | 24 | €1,607 | €2,828 | +€1,221 | +75.9% |
| Financial fixed assets | 28 | €1,800 | €1,800 | = | 0.0% |
| Current assets | 29/58 | €122,509 | €167,398 | +€44,889 | +36.6% |
| Stocks and contracts in progress | 3 | €87,352 | €112,352 | +€25,000 | +28.6% |
| Stocks | 30/36 | €87,352 | €112,352 | +€25,000 | +28.6% |
| Amounts receivable within one year | 40/41 | €11,214 | €33,087 | +€21,873 | +195% |
| Trade receivables | 40 | €10,568 | €31,989 | +€21,422 | +203% |
| Other amounts receivable | 41 | €646 | €1,098 | +€452 | +69.9% |
| Cash at bank and in hand | 54/58 | €23,944 | €21,959 | -€1,985 | -8.3% |
| Total equity and liabilities | 10/49 | €301,695 | €333,850 | +€32,155 | +10.7% |
| Equity | 10/15 | €133,258 | €159,194 | +€25,936 | +19.5% |
| Contributions | 10/11 | €50,000 | €50,000 | = | 0.0% |
| Reserves | 13 | €80,000 | €109,194 | +€29,194 | +36.5% |
| Distributable reserves | 133 | €80,000 | €109,194 | +€29,194 | +36.5% |
| Profit (loss) carried forward | 14 | €3,258 | €0 | -€3,258 | -100% |
| Amounts payable | 17/49 | €168,437 | €174,656 | +€6,219 | +3.7% |
| Amounts payable after more than one year | 17 | €90,855 | €82,666 | -€8,189 | -9.0% |
| Financial debts | 170/4 | €90,855 | €82,666 | -€8,189 | -9.0% |
| Amounts payable within one year | 42/48 | €74,818 | €88,554 | +€13,735 | +18.4% |
| Current portion of amounts payable after more than one year | 42 | €8,011 | €8,189 | +€178 | +2.2% |
| Trade debts | 44 | €6,718 | €22,617 | +€15,899 | +237% |
| Suppliers | 440/4 | €6,718 | €22,617 | +€15,899 | +237% |
| Taxes, remuneration and social security | 45 | €23,265 | €24,592 | +€1,327 | +5.7% |
| Taxes | 450/3 | €20,692 | €24,592 | +€3,900 | +18.8% |
| Remuneration and social security | 454/9 | €2,573 | €0 | -€2,573 | -100% |
| Other amounts payable | 47/48 | €36,825 | €33,156 | -€3,669 | -10.0% |
| Accrued charges and deferred income | 492/3 | €2,764 | €3,436 | +€673 | +24.3% |
| Remuneration, social security and pensions | 62 | €3,807 | €5,466 | +€1,659 | +43.6% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €12,532 | €14,560 | +€2,028 | +16.2% |
| Other operating charges | 640/8 | €816 | €976 | +€160 | +19.6% |
| Gross operating margin | 9900 | €55,881 | €76,551 | +€20,670 | +37.0% |
| Operating profit (loss) | 9901 | €38,726 | €55,549 | +€16,823 | +43.4% |
| Financial income | 75/76B | €2,542 | €2,424 | -€117 | -4.6% |
| Recurring financial income | 75 | €2,542 | €2,424 | -€117 | -4.6% |
| Financial charges | 65/66B | €2,744 | €2,616 | -€128 | -4.7% |
| Recurring financial charges | 65 | €2,744 | €2,616 | -€128 | -4.7% |
| Profit (loss) for the period before taxes | 9903 | €38,524 | €55,358 | +€16,833 | +43.7% |
| Income taxes | 67/77 | €7,597 | €6,922 | -€675 | -8.9% |
| Profit (loss) for the period | 9904 | €30,927 | €48,436 | +€17,509 | +56.6% |
| Profit (loss) for the period to be appropriated | 9905 | €30,927 | €48,436 | +€17,509 | +56.6% |
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 18 October 2026 via checked.be.