LES CORNUES: 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.
LES CORNUES
Largest movements
- Cash -€48,122
down €48,122 (-40.9%), from €117,565 to €69,443
mainly Tax, wage and social debts (-€34,485) and Deferred charges and accrued income (-€13,461)
- Deferred charges and accrued income +€13,461
up €13,461 (+1499.5%), from €898 to €14,358
- Tax, wage and social debts -€34,485
no longer reported in 2026 (was €34,485)
- Gross operating margin -€319,235
down €319,235, from €310,893 to -€8,341
- Taxes -€34,488
down €34,488, from €34,486 to -€1
- Financial income +€13,450
up €13,450 (+300219.6%), from €4 to €13,454
- Financial charges -€4,001
down €4,001 (-82.8%), from €4,833 to €832
From the 2025 result to the 2026 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 2025 and 2026 balance sheets and the 2026 result: not a filed cash-flow statement. It shows where the money came from and went.
Every line side by side
| Line | Code | 2025 | 2026 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €873,488 | €838,961 | -€34,527 | -4.0% |
| Fixed assets | 21/28 | €439,750 | €439,883 | +€134 | 0.0% |
| Tangible fixed assets | 22/27 | €439,750 | €439,883 | +€134 | 0.0% |
| Land and buildings | 22 | €435,729 | €434,539 | -€1,190 | -0.3% |
| Plant, machinery and equipment | 23 | €4,020 | €5,344 | +€1,324 | +32.9% |
| Current assets | 29/58 | €433,738 | €399,077 | -€34,661 | -8.0% |
| Amounts receivable after more than one year | 29 | €257,625 | €257,625 | = | 0.0% |
| Other amounts receivable | 291 | €257,625 | €257,625 | = | 0.0% |
| Amounts receivable within one year | 40/41 | €57,650 | €57,651 | +€1 | 0.0% |
| Other amounts receivable | 41 | €57,650 | €57,651 | +€1 | 0.0% |
| Cash at bank and in hand | 54/58 | €117,565 | €69,443 | -€48,122 | -40.9% |
| Deferred charges and accrued income | 490/1 | €898 | €14,358 | +€13,461 | +1499.5% |
| Total equity and liabilities | 10/49 | €873,488 | €838,961 | -€34,527 | -4.0% |
| Equity | 10/15 | €817,482 | €817,775 | +€293 | 0.0% |
| Contributions | 10/11 | €500,000 | €500,000 | = | 0.0% |
| Capital | 10 | €500,000 | €500,000 | = | 0.0% |
| Issued capital | 100 | €500,000 | €500,000 | = | 0.0% |
| Reserves | 13 | €317,482 | €317,482 | = | 0.0% |
| Non-distributable reserves | 130/1 | €50,000 | €50,000 | = | 0.0% |
| Legal reserve | 130 | €50,000 | €50,000 | = | 0.0% |
| Distributable reserves | 133 | €267,482 | €267,482 | = | 0.0% |
| Profit (loss) carried forward | 14 | €0 | €293 | +€293 | |
| Amounts payable | 17/49 | €56,006 | €21,186 | -€34,820 | -62.2% |
| Amounts payable after more than one year | 17 | €20,000 | €20,000 | = | 0.0% |
| Financial debts | 170/4 | €20,000 | €20,000 | = | 0.0% |
| Amounts payable within one year | 42/48 | €36,006 | €386 | -€35,620 | -98.9% |
| Trade debts | 44 | €1,521 | €386 | -€1,135 | -74.6% |
| Suppliers | 440/4 | €1,521 | €386 | -€1,135 | -74.6% |
| Taxes, remuneration and social security | 45 | €34,485 | - | -€34,485 | |
| Taxes | 450/3 | €34,485 | - | -€34,485 | |
| Accrued charges and deferred income | 492/3 | - | €800 | +€800 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €2,286 | €2,791 | +€505 | +22.1% |
| Other operating charges | 640/8 | €1,340 | €1,199 | -€141 | -10.5% |
| Gross operating margin | 9900 | €310,893 | -€8,341 | -€319,235 | |
| Operating profit (loss) | 9901 | €307,267 | -€12,331 | -€319,598 | |
| Financial income | 75/76B | €4 | €13,454 | +€13,450 | +300219.6% |
| Recurring financial income | 75 | €4 | €13,454 | +€13,450 | +300219.6% |
| Financial charges | 65/66B | €4,833 | €832 | -€4,001 | -82.8% |
| Recurring financial charges | 65 | €4,833 | €832 | -€4,001 | -82.8% |
| Profit (loss) for the period before taxes | 9903 | €302,439 | €291 | -€302,147 | -99.9% |
| Income taxes | 67/77 | €34,486 | -€1 | -€34,488 | |
| Profit (loss) for the period | 9904 | €267,953 | €293 | -€267,660 | -99.9% |
| Profit (loss) for the period to be appropriated | 9905 | €267,953 | €293 | -€267,660 | -99.9% |
Source: filed annual accounts (NBB), fiscal years ended 31 March 2025 and 31 March 2026. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 3 October 2026 via checked.be.