GARAGE 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.
GARAGE CORNU
Largest movements
- Stocks and contracts -€87,843
down €87,843 (-65.5%), from €134,197 to €46,354
- Receivables within one year +€46,196
up €46,196 (+38.6%), from €119,789 to €165,985
of which Trade receivables: +€37,290
- Cash +€39,628
up €39,628 (+8.3%), from €475,786 to €515,414
mainly Net result for the year (+€152,242) and Stocks and contracts (+€87,843)
- Tangible fixed assets +€16,077
up €16,077 (+8.0%), from €201,214 to €217,291
of which Furniture and vehicles: +€28,301
- Trade debts -€58,282
down €58,282 (-98.0%), from €59,464 to €1,182
- Tax, wage and social debts +€51,470
up €51,470 (+113%), from €45,654 to €97,124
of which Taxes: +€49,401
- Reserves +€34,462
up €34,462 (+5.5%), from €625,290 to €659,752
- Gross operating margin +€43,275
up €43,275 (+11.2%), from €387,057 to €430,332
- Staff costs +€13,413
up €13,413 (+8.3%), from €160,642 to €174,055
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 | €936,098 | €956,399 | +€20,301 | +2.2% |
| Fixed assets | 21/28 | €201,228 | €217,305 | +€16,077 | +8.0% |
| Tangible fixed assets | 22/27 | €201,214 | €217,291 | +€16,077 | +8.0% |
| Land and buildings | 22 | €149,648 | €140,834 | -€8,814 | -5.9% |
| Plant, machinery and equipment | 23 | €43,759 | €40,349 | -€3,411 | -7.8% |
| Furniture and vehicles | 24 | €7,807 | €36,108 | +€28,301 | +363% |
| Financial fixed assets | 28 | €14 | €14 | = | 0.0% |
| Current assets | 29/58 | €734,870 | €739,094 | +€4,225 | +0.6% |
| Stocks and contracts in progress | 3 | €134,197 | €46,354 | -€87,843 | -65.5% |
| Stocks | 30/36 | €134,197 | €46,354 | -€87,843 | -65.5% |
| Amounts receivable within one year | 40/41 | €119,789 | €165,985 | +€46,196 | +38.6% |
| Trade receivables | 40 | €119,252 | €156,542 | +€37,290 | +31.3% |
| Other amounts receivable | 41 | €537 | €9,443 | +€8,906 | +1,658% |
| Cash at bank and in hand | 54/58 | €475,786 | €515,414 | +€39,628 | +8.3% |
| Deferred charges and accrued income | 490/1 | €5,097 | €11,341 | +€6,244 | +123% |
| Total equity and liabilities | 10/49 | €936,098 | €956,399 | +€20,301 | +2.2% |
| Equity | 10/15 | €817,286 | €851,748 | +€34,462 | +4.2% |
| Contributions | 10/11 | €18,592 | €18,592 | = | 0.0% |
| Reserves | 13 | €625,290 | €659,752 | +€34,462 | +5.5% |
| Distributable reserves | 133 | €625,290 | €659,752 | +€34,462 | +5.5% |
| Profit (loss) carried forward | 14 | €173,404 | €173,404 | = | 0.0% |
| Amounts payable | 17/49 | €118,812 | €104,651 | -€14,161 | -11.9% |
| Amounts payable within one year | 42/48 | €118,812 | €104,651 | -€14,161 | -11.9% |
| Current portion of amounts payable after more than one year | 42 | €4,862 | - | -€4,862 | |
| Trade debts | 44 | €59,464 | €1,182 | -€58,282 | -98.0% |
| Suppliers | 440/4 | €59,464 | €1,182 | -€58,282 | -98.0% |
| Taxes, remuneration and social security | 45 | €45,654 | €97,124 | +€51,470 | +113% |
| Taxes | 450/3 | €25,717 | €75,118 | +€49,401 | +192% |
| Remuneration and social security | 454/9 | €19,937 | €22,006 | +€2,069 | +10.4% |
| Other amounts payable | 47/48 | €8,832 | €6,346 | -€2,487 | -28.2% |
| Non-recurring operating income | 76A | €200 | - | -€200 | |
| Remuneration, social security and pensions | 62 | €160,642 | €174,055 | +€13,413 | +8.3% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €21,780 | €23,001 | +€1,221 | +5.6% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | -€2,580 | - | +€2,580 | |
| Other operating charges | 640/8 | €17,380 | €13,796 | -€3,585 | -20.6% |
| Non-recurring operating charges | 66A | - | €980 | +€980 | |
| Gross operating margin | 9900 | €387,057 | €430,332 | +€43,275 | +11.2% |
| Operating profit (loss) | 9901 | €189,834 | €218,500 | +€28,666 | +15.1% |
| Financial income | 75/76B | €15 | €8 | -€7 | -46.6% |
| Recurring financial income | 75 | €15 | €8 | -€7 | -46.6% |
| Financial charges | 65/66B | €872 | €710 | -€162 | -18.6% |
| Recurring financial charges | 65 | €872 | €710 | -€162 | -18.6% |
| Profit (loss) for the period before taxes | 9903 | €188,977 | €217,799 | +€28,822 | +15.3% |
| Income taxes | 67/77 | €62,987 | €65,557 | +€2,570 | +4.1% |
| Profit (loss) for the period | 9904 | €125,990 | €152,242 | +€26,252 | +20.8% |
| Profit (loss) for the period to be appropriated | 9905 | €125,990 | €152,242 | +€26,252 | +20.8% |
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 27 October 2026 via checked.be.