LA CORNE D'OR: what changed
LA CORNE D'OR
Largest movements
- Cash -€13,320
down €13,320 (-42.7%), from €31,191 to €17,871
mainly Trade debts (-€21,282) and Net result for the year (-€13,643)
- Deferred charges and accrued income -€5,771
down €5,771 (-25.6%), from €22,559 to €16,788
- Receivables within one year -€3,960
down €3,960 (-19.8%), from €19,974 to €16,013
- Tangible fixed assets -€3,441
down €3,441 (-18.5%), from €18,645 to €15,203
of which Plant, machinery and equipment: -€1,749
- Reserves -€50,681
no longer reported in 2025 (was €50,681)
- Profit (loss) carried forward +€37,038
new in 2025: €37,038
- Trade debts -€21,282
down €21,282 (-86.8%), from €24,511 to €3,229
- Tax, wage and social debts +€7,895
up €7,895 (+606%), from €1,302 to €9,198
of which Remuneration and social security: +€7,079
- Gross operating margin +€8,167
up €8,167 (+81.6%), from -€10,003 to -€1,836
- Other operating charges -€6,223
down €6,223 (-43.4%), from €14,335 to €8,112
- Financial charges -€399
down €399 (-31.2%), from €1,277 to €879
- Financial income -€320
down €320 (-23.6%), from €1,355 to €1,035
- Taxes +€249
up €249 (+155%), from €161 to €410
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 | €95,094 | €68,064 | -€27,030 | -28.4% |
| Fixed assets | 21/28 | €18,695 | €15,253 | -€3,441 | -18.4% |
| Tangible fixed assets | 22/27 | €18,645 | €15,203 | -€3,441 | -18.5% |
| Plant, machinery and equipment | 23 | €15,645 | €13,896 | -€1,749 | -11.2% |
| Furniture and vehicles | 24 | €3,000 | €1,307 | -€1,692 | -56.4% |
| Financial fixed assets | 28 | €50 | €50 | = | 0.0% |
| Current assets | 29/58 | €76,399 | €52,811 | -€23,588 | -30.9% |
| Stocks and contracts in progress | 3 | €2,676 | €2,139 | -€537 | -20.1% |
| Stocks | 30/36 | €2,676 | €2,139 | -€537 | -20.1% |
| Amounts receivable within one year | 40/41 | €19,974 | €16,013 | -€3,960 | -19.8% |
| Other amounts receivable | 41 | €19,974 | €16,013 | -€3,960 | -19.8% |
| Cash at bank and in hand | 54/58 | €31,191 | €17,871 | -€13,320 | -42.7% |
| Deferred charges and accrued income | 490/1 | €22,559 | €16,788 | -€5,771 | -25.6% |
| Total equity and liabilities | 10/49 | €95,094 | €68,064 | -€27,030 | -28.4% |
| Equity | 10/15 | €69,281 | €55,638 | -€13,643 | -19.7% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €50,681 | - | -€50,681 | |
| Distributable reserves | 133 | €50,681 | - | -€50,681 | |
| Profit (loss) carried forward | 14 | - | €37,038 | +€37,038 | |
| Amounts payable | 17/49 | €25,813 | €12,427 | -€13,387 | -51.9% |
| Amounts payable within one year | 42/48 | €25,813 | €12,427 | -€13,387 | -51.9% |
| Trade debts | 44 | €24,511 | €3,229 | -€21,282 | -86.8% |
| Suppliers | 440/4 | €24,511 | €3,229 | -€21,282 | -86.8% |
| Taxes, remuneration and social security | 45 | €1,302 | €9,198 | +€7,895 | +606% |
| Taxes | 450/3 | €1,302 | €2,119 | +€816 | +62.7% |
| Remuneration and social security | 454/9 | - | €7,079 | +€7,079 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €3,368 | €3,441 | +€73 | +2.2% |
| Other operating charges | 640/8 | €14,335 | €8,112 | -€6,223 | -43.4% |
| Gross operating margin | 9900 | -€10,003 | -€1,836 | +€8,167 | +81.6% |
| Operating profit (loss) | 9901 | -€27,706 | -€13,390 | +€14,316 | +51.7% |
| Financial income | 75/76B | €1,355 | €1,035 | -€320 | -23.6% |
| Recurring financial income | 75 | €1,355 | €1,035 | -€320 | -23.6% |
| Financial charges | 65/66B | €1,277 | €879 | -€399 | -31.2% |
| Recurring financial charges | 65 | €1,277 | €879 | -€399 | -31.2% |
| Profit (loss) for the period before taxes | 9903 | -€27,628 | -€13,233 | +€14,395 | +52.1% |
| Income taxes | 67/77 | €161 | €410 | +€249 | +155% |
| Profit (loss) for the period | 9904 | -€27,789 | -€13,643 | +€14,146 | +50.9% |
| Profit (loss) for the period to be appropriated | 9905 | -€27,789 | -€13,643 | +€14,146 | +50.9% |
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 3 November 2026 via checked.be.