LA CORNETTE: what changed
Two fiscal 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.
LA CORNETTE
Largest movements
- Cash +€46,029
up €46,029 (+367.6%), from €12,523 to €58,551
mainly Depreciation (+€79,056) and Receivables within one year (+€36,678)
- Tangible fixed assets -€42,664
down €42,664 (-3.5%), from €1.2m to €1.2m
of which Land and buildings: -€24,269
- Receivables within one year -€36,678
down €36,678 (-99.1%), from €37,004 to €326
- Reserves -€13,732
down €13,732 (-5.0%), from €273,740 to €260,008
of which Tax-exempt reserves: -€13,732
- Gross operating margin +€61,172
up €61,172, from -€5,416 to €55,756
- Depreciation +€8,954
up €8,954 (+12.8%), from €70,102 to €79,056
- Other operating charges +€4,088
up €4,088 (+444.6%), from €919 to €5,007
- Financial charges -€725
down €725 (-68.6%), from €1,057 to €332
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.
Cash bridge derived
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 | €1,281,961 | €1,249,536 | -€32,425 | -2.5% |
| Fixed assets | 21/28 | €1,229,177 | €1,186,513 | -€42,664 | -3.5% |
| Tangible fixed assets | 22/27 | €1,229,177 | €1,186,513 | -€42,664 | -3.5% |
| Land and buildings | 22 | €1,176,687 | €1,152,418 | -€24,269 | -2.1% |
| Furniture and vehicles | 24 | €52,490 | €34,095 | -€18,394 | -35.0% |
| Current assets | 29/58 | €52,785 | €63,023 | +€10,238 | +19.4% |
| Amounts receivable within one year | 40/41 | €37,004 | €326 | -€36,678 | -99.1% |
| Other amounts receivable | 41 | €37,004 | €326 | -€36,678 | -99.1% |
| Cash at bank and in hand | 54/58 | €12,523 | €58,551 | +€46,029 | +367.6% |
| Deferred charges and accrued income | 490/1 | €3,258 | €4,146 | +€888 | +27.3% |
| Total equity and liabilities | 10/49 | €1,281,961 | €1,249,536 | -€32,425 | -2.5% |
| Equity | 10/15 | €444,861 | €420,465 | -€24,396 | -5.5% |
| Contributions | 10/11 | €68,200 | €68,200 | = | 0.0% |
| Reserves | 13 | €273,740 | €260,008 | -€13,732 | -5.0% |
| Tax-exempt reserves | 132 | €234,301 | €220,569 | -€13,732 | -5.9% |
| Distributable reserves | 133 | €39,439 | €39,439 | = | 0.0% |
| Profit (loss) carried forward | 14 | €102,921 | €92,257 | -€10,664 | -10.4% |
| Provisions and deferred taxes | 16 | €78,100 | €73,523 | -€4,577 | -5.9% |
| Deferred taxes | 168 | €78,100 | €73,523 | -€4,577 | -5.9% |
| Amounts payable | 17/49 | €759,000 | €755,548 | -€3,452 | -0.5% |
| Amounts payable within one year | 42/48 | €758,082 | €754,814 | -€3,268 | -0.4% |
| Current portion of amounts payable after more than one year | 42 | €4,347 | - | -€4,347 | |
| Trade debts | 44 | €13,642 | €11,557 | -€2,085 | -15.3% |
| Suppliers | 440/4 | €13,642 | €11,557 | -€2,085 | -15.3% |
| Advances received on contracts in progress | 46 | €1,650 | - | -€1,650 | |
| Other amounts payable | 47/48 | €738,442 | €743,257 | +€4,814 | +0.7% |
| Accrued charges and deferred income | 492/3 | €918 | €735 | -€184 | -20.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €70,102 | €79,056 | +€8,954 | +12.8% |
| Other operating charges | 640/8 | €919 | €5,007 | +€4,088 | +444.6% |
| Gross operating margin | 9900 | -€5,416 | €55,756 | +€61,172 | |
| Operating profit (loss) | 9901 | -€76,437 | -€28,307 | +€48,130 | +63.0% |
| Financial income | 75/76B | €17 | €166 | +€149 | +878.5% |
| Recurring financial income | 75 | €17 | €166 | +€149 | +878.5% |
| Financial charges | 65/66B | €1,057 | €332 | -€725 | -68.6% |
| Recurring financial charges | 65 | €1,057 | €332 | -€725 | -68.6% |
| Profit (loss) for the period before taxes | 9903 | -€77,478 | -€28,473 | +€49,004 | +63.2% |
| Transfer from deferred taxes | 780 | €4,577 | €4,577 | = | 0.0% |
| Income taxes | 67/77 | - | €500 | +€500 | |
| Profit (loss) for the period | 9904 | -€72,900 | -€24,396 | +€48,504 | +66.5% |
| Transfer from tax-exempt reserves | 789 | €13,732 | €13,732 | = | 0.0% |
| Profit (loss) for the period to be appropriated | 9905 | -€59,169 | -€10,664 | +€48,504 | +82.0% |
Source: filed annual accounts (NBB), fiscal years ended 31 December 2024 and 31 December 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 3 October 2026 via checked.be.