LE CORBEAU BLANC: what changed
LE CORBEAU BLANC
Largest movements
- Cash -€62,144
down €62,144 (-67.9%), from €91,533 to €29,389
mainly Receivables after one year (-€50,000) and Contributions, distributions and other (-€30,000)
- Receivables after one year +€50,000
new in 2025: €50,000
- Tangible fixed assets -€8,343
down €8,343 (-5.4%), from €154,186 to €145,844
of which Other tangible fixed assets: -€4,497
- Receivables within one year -€7,020
down €7,020 (-59.6%), from €11,777 to €4,757
- Reserves -€30,000
down €30,000 (-13.5%), from €221,787 to €191,787
of which Distributable reserves: -€30,000
- Profit (loss) carried forward +€11,762
up €11,762 (+34.2%), from -€34,409 to -€22,648
- Current portion of long-term debt -€11,539
down €11,539 (-55.0%), from €20,980 to €9,441
- Debts after one year +€5,559
up €5,559 (+378%), from €1,472 to €7,031
- Tax, wage and social debts -€2,762
down €2,762 (-56.9%), from €4,851 to €2,089
- Depreciation -€6,575
down €6,575 (-18.4%), from €35,682 to €29,108
- Financial income -€750
no longer reported in 2025 (was €750)
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 | €269,897 | €242,390 | -€27,507 | -10.2% |
| Fixed assets | 21/28 | €166,586 | €158,244 | -€8,343 | -5.0% |
| Tangible fixed assets | 22/27 | €154,186 | €145,844 | -€8,343 | -5.4% |
| Land and buildings | 22 | €65,720 | €63,701 | -€2,019 | -3.1% |
| Plant, machinery and equipment | 23 | €1,558 | €1,344 | -€215 | -13.8% |
| Furniture and vehicles | 24 | €61,063 | €59,351 | -€1,712 | -2.8% |
| Other tangible fixed assets | 26 | €25,188 | €20,691 | -€4,497 | -17.9% |
| Assets under construction and advance payments | 27 | €657 | €757 | +€100 | +15.2% |
| Financial fixed assets | 28 | €12,400 | €12,400 | = | 0.0% |
| Current assets | 29/58 | €103,310 | €84,146 | -€19,164 | -18.6% |
| Amounts receivable after more than one year | 29 | - | €50,000 | +€50,000 | |
| Other amounts receivable | 291 | - | €50,000 | +€50,000 | |
| Amounts receivable within one year | 40/41 | €11,777 | €4,757 | -€7,020 | -59.6% |
| Other amounts receivable | 41 | €11,777 | €4,757 | -€7,020 | -59.6% |
| Cash at bank and in hand | 54/58 | €91,533 | €29,389 | -€62,144 | -67.9% |
| Total equity and liabilities | 10/49 | €269,897 | €242,390 | -€27,507 | -10.2% |
| Equity | 10/15 | €212,378 | €194,140 | -€18,238 | -8.6% |
| Contributions | 10/11 | €25,000 | €25,000 | = | 0.0% |
| Reserves | 13 | €221,787 | €191,787 | -€30,000 | -13.5% |
| Non-distributable reserves | 130/1 | €2,500 | €2,500 | = | 0.0% |
| Reserves not available under the articles | 1311 | €2,500 | €2,500 | = | 0.0% |
| Distributable reserves | 133 | €219,287 | €189,287 | -€30,000 | -13.7% |
| Profit (loss) carried forward | 14 | -€34,409 | -€22,648 | +€11,762 | +34.2% |
| Amounts payable | 17/49 | €57,518 | €48,250 | -€9,268 | -16.1% |
| Amounts payable after more than one year | 17 | €1,472 | €7,031 | +€5,559 | +378% |
| Financial debts | 170/4 | €1,472 | €7,031 | +€5,559 | +378% |
| Amounts payable within one year | 42/48 | €56,046 | €41,219 | -€14,827 | -26.5% |
| Current portion of amounts payable after more than one year | 42 | €20,980 | €9,441 | -€11,539 | -55.0% |
| Trade debts | 44 | €1,716 | €1,189 | -€527 | -30.7% |
| Suppliers | 440/4 | €1,716 | €1,189 | -€527 | -30.7% |
| Taxes, remuneration and social security | 45 | €4,851 | €2,089 | -€2,762 | -56.9% |
| Taxes | 450/3 | €4,851 | €2,089 | -€2,762 | -56.9% |
| Other amounts payable | 47/48 | €28,500 | €28,500 | = | 0.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €35,682 | €29,108 | -€6,575 | -18.4% |
| Other operating charges | 640/8 | €1,228 | €1,431 | +€203 | +16.5% |
| Gross operating margin | 9900 | €46,834 | €46,701 | -€133 | -0.3% |
| Operating profit (loss) | 9901 | €9,924 | €16,163 | +€6,239 | +62.9% |
| Financial income | 75/76B | €750 | - | -€750 | |
| Recurring financial income | 75 | €750 | - | -€750 | |
| Financial charges | 65/66B | €313 | €312 | -€1 | -0.3% |
| Recurring financial charges | 65 | €313 | €312 | -€1 | -0.3% |
| Profit (loss) for the period before taxes | 9903 | €10,361 | €15,851 | +€5,490 | +53.0% |
| Income taxes | 67/77 | €4,174 | €4,089 | -€85 | -2.0% |
| Profit (loss) for the period | 9904 | €6,187 | €11,762 | +€5,575 | +90.1% |
| Profit (loss) for the period to be appropriated | 9905 | €6,187 | €11,762 | +€5,575 | +90.1% |
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 2 November 2026 via checked.be.