Françoise CORNET: 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.
Françoise CORNET
Largest movements
- Tangible fixed assets +€25,269
up €25,269 (+961%), from €2,629 to €27,898
of which Furniture and vehicles: +€25,712
- Cash +€15,835
up €15,835 (+20.2%), from €78,233 to €94,068
mainly Debts after one year (+€15,907) and Net result for the year (+€12,326)
- Receivables within one year -€4,243
down €4,243 (-100%), from €4,243 to €0
- Deferred charges and accrued income -€2,037
down €2,037 (-13.3%), from €15,376 to €13,339
- Debts after one year +€15,907
new in 2025: €15,907
- Reserves +€12,000
up €12,000 (+14.4%), from €83,500 to €95,500
- Current portion of long-term debt +€4,817
new in 2025: €4,817
- Other debts +€3,289
new in 2025: €3,289
- Tax, wage and social debts -€1,490
down €1,490 (-19.3%), from €7,731 to €6,241
- Gross operating margin -€7,155
down €7,155 (-20.9%), from €34,248 to €27,093
- Depreciation +€6,011
up €6,011 (+1,063%), from €566 to €6,576
- Taxes -€3,404
down €3,404 (-36.7%), from €9,272 to €5,869
- Financial charges +€799
up €799 (+521%), from €153 to €953
- Other operating charges +€543
up €543 (+65.6%), from €828 to €1,370
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 | €100,481 | €135,304 | +€34,824 | +34.7% |
| Fixed assets | 21/28 | €2,629 | €27,898 | +€25,269 | +961% |
| Tangible fixed assets | 22/27 | €2,629 | €27,898 | +€25,269 | +961% |
| Land and buildings | 22 | €853 | €629 | -€224 | -26.2% |
| Plant, machinery and equipment | 23 | €1,072 | €852 | -€220 | -20.5% |
| Furniture and vehicles | 24 | €705 | €26,417 | +€25,712 | +3,650% |
| Current assets | 29/58 | €97,852 | €107,407 | +€9,555 | +9.8% |
| Amounts receivable within one year | 40/41 | €4,243 | €0 | -€4,243 | -100% |
| Other amounts receivable | 41 | €4,243 | €0 | -€4,243 | -100% |
| Cash at bank and in hand | 54/58 | €78,233 | €94,068 | +€15,835 | +20.2% |
| Deferred charges and accrued income | 490/1 | €15,376 | €13,339 | -€2,037 | -13.3% |
| Total equity and liabilities | 10/49 | €100,481 | €135,304 | +€34,824 | +34.7% |
| Equity | 10/15 | €91,472 | €103,798 | +€12,326 | +13.5% |
| Contributions | 10/11 | €6,200 | €6,200 | = | 0.0% |
| Reserves | 13 | €83,500 | €95,500 | +€12,000 | +14.4% |
| Distributable reserves | 133 | €83,500 | €95,500 | +€12,000 | +14.4% |
| Profit (loss) carried forward | 14 | €1,772 | €2,098 | +€326 | +18.4% |
| Amounts payable | 17/49 | €9,009 | €31,506 | +€22,498 | +250% |
| Amounts payable after more than one year | 17 | - | €15,907 | +€15,907 | |
| Financial debts | 170/4 | - | €15,907 | +€15,907 | |
| Amounts payable within one year | 42/48 | €9,009 | €15,599 | +€6,591 | +73.2% |
| Current portion of amounts payable after more than one year | 42 | - | €4,817 | +€4,817 | |
| Trade debts | 44 | €1,277 | €1,252 | -€26 | -2.0% |
| Suppliers | 440/4 | €1,277 | €1,252 | -€26 | -2.0% |
| Taxes, remuneration and social security | 45 | €7,731 | €6,241 | -€1,490 | -19.3% |
| Taxes | 450/3 | €7,731 | €6,241 | -€1,490 | -19.3% |
| Other amounts payable | 47/48 | - | €3,289 | +€3,289 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €566 | €6,576 | +€6,011 | +1,063% |
| Other operating charges | 640/8 | €828 | €1,370 | +€543 | +65.6% |
| Gross operating margin | 9900 | €34,248 | €27,093 | -€7,155 | -20.9% |
| Operating profit (loss) | 9901 | €32,855 | €19,147 | -€13,708 | -41.7% |
| Financial income | 75/76B | €15 | €1 | -€14 | -93.3% |
| Recurring financial income | 75 | €15 | €1 | -€14 | -93.3% |
| Financial charges | 65/66B | €153 | €953 | +€799 | +521% |
| Recurring financial charges | 65 | €153 | €953 | +€799 | +521% |
| Profit (loss) for the period before taxes | 9903 | €32,717 | €18,195 | -€14,522 | -44.4% |
| Income taxes | 67/77 | €9,272 | €5,869 | -€3,404 | -36.7% |
| Profit (loss) for the period | 9904 | €23,444 | €12,326 | -€11,118 | -47.4% |
| Profit (loss) for the period to be appropriated | 9905 | €23,444 | €12,326 | -€11,118 | -47.4% |
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 25 October 2026 via checked.be.