Les Frères CORMAN: 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.
Les Frères CORMAN
Largest movements
- Tangible fixed assets +€95,484
up €95,484 (+501%), from €19,065 to €114,549
of which Plant, machinery and equipment: +€76,498
- Receivables within one year +€53,162
up €53,162 (+5,326%), from €998 to €54,160
of which Trade receivables: +€41,984
- Stocks and contracts +€48,900
up €48,900 (+1,956%), from €2,500 to €51,400
- Cash +€10,023
up €10,023 (+89.9%), from €11,143 to €21,166
mainly Debts after one year (+€64,786) and Trade debts (+€56,804)
- Debts after one year +€64,786
up €64,786 (+756%), from €8,571 to €73,357
- Trade debts +€56,804
new in 2025: €56,804
- Profit (loss) carried forward +€42,245
up €42,245 (+4,069%), from €1,038 to €43,283
- Other debts +€15,066
up €15,066 (+14,836%), from €102 to €15,168
- Current portion of long-term debt +€14,179
up €14,179 (+331%), from €4,286 to €18,464
- Turnover +€209,147
up €209,147 (+692%), from €30,232 to €239,378
- Purchases and services +€126,377
up €126,377 (+589%), from €21,444 to €147,821
- Gross operating margin +€82,770
up €82,770 (+942%), from €8,788 to €91,558
- Staff costs +€19,387
new in 2025: €19,387
- Taxes +€12,325
new in 2025: €12,325
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 | €34,058 | €241,275 | +€207,217 | +608% |
| Fixed assets | 21/28 | €19,263 | €114,549 | +€95,286 | +495% |
| Intangible fixed assets | 21 | €198 | €0 | -€198 | -100% |
| Tangible fixed assets | 22/27 | €19,065 | €114,549 | +€95,484 | +501% |
| Land and buildings | 22 | €1,397 | €854 | -€543 | -38.9% |
| Plant, machinery and equipment | 23 | €17,668 | €94,166 | +€76,498 | +433% |
| Furniture and vehicles | 24 | - | €19,529 | +€19,529 | |
| Current assets | 29/58 | €14,795 | €126,726 | +€111,932 | +757% |
| Stocks and contracts in progress | 3 | €2,500 | €51,400 | +€48,900 | +1,956% |
| Stocks | 30/36 | €2,500 | €51,400 | +€48,900 | +1,956% |
| Amounts receivable within one year | 40/41 | €998 | €54,160 | +€53,162 | +5,326% |
| Trade receivables | 40 | €954 | €42,938 | +€41,984 | +4,401% |
| Other amounts receivable | 41 | €44 | €11,222 | +€11,178 | +25,227% |
| Cash at bank and in hand | 54/58 | €11,143 | €21,166 | +€10,023 | +89.9% |
| Deferred charges and accrued income | 490/1 | €153 | - | -€153 | |
| Total equity and liabilities | 10/49 | €34,058 | €241,275 | +€207,217 | +608% |
| Equity | 10/15 | €21,038 | €63,283 | +€42,245 | +201% |
| Contributions | 10/11 | €20,000 | €20,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | €1,038 | €43,283 | +€42,245 | +4,069% |
| Amounts payable | 17/49 | €13,020 | €177,992 | +€164,972 | +1,267% |
| Amounts payable after more than one year | 17 | €8,571 | €73,357 | +€64,786 | +756% |
| Financial debts | 170/4 | €8,571 | €73,357 | +€64,786 | +756% |
| Amounts payable within one year | 42/48 | €4,387 | €104,574 | +€100,186 | +2,284% |
| Current portion of amounts payable after more than one year | 42 | €4,286 | €18,464 | +€14,179 | +331% |
| Trade debts | 44 | - | €56,804 | +€56,804 | |
| Suppliers | 440/4 | - | €56,804 | +€56,804 | |
| Taxes, remuneration and social security | 45 | - | €14,137 | +€14,137 | |
| Taxes | 450/3 | - | €12,325 | +€12,325 | |
| Remuneration and social security | 454/9 | - | €1,812 | +€1,812 | |
| Other amounts payable | 47/48 | €102 | €15,168 | +€15,066 | +14,836% |
| Accrued charges and deferred income | 492/3 | €61 | €61 | = | 0.0% |
| Turnover | 70 | €30,232 | €239,378 | +€209,147 | +692% |
| Goods, raw materials, services and sundry goods | 60/61 | €21,444 | €147,821 | +€126,377 | +589% |
| Remuneration, social security and pensions | 62 | - | €19,387 | +€19,387 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €7,790 | €15,949 | +€8,160 | +105% |
| Other operating charges | 640/8 | €180 | €1,048 | +€868 | +482% |
| Non-recurring operating charges | 66A | €798 | - | -€798 | |
| Gross operating margin | 9900 | €8,788 | €91,558 | +€82,770 | +942% |
| Operating profit (loss) | 9901 | €21 | €55,173 | +€55,152 | +264,901% |
| Financial income | 75/76B | €76 | €76 | -€0 | -0.2% |
| Recurring financial income | 75 | €76 | €76 | -€0 | -0.2% |
| Financial charges | 65/66B | €547 | €679 | +€133 | +24.2% |
| Recurring financial charges | 65 | €547 | €679 | +€133 | +24.2% |
| Profit (loss) for the period before taxes | 9903 | -€450 | €54,570 | +€55,020 | |
| Income taxes | 67/77 | - | €12,325 | +€12,325 | |
| Profit (loss) for the period | 9904 | -€450 | €42,245 | +€42,694 | |
| Profit (loss) for the period to be appropriated | 9905 | -€450 | €42,245 | +€42,694 |
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 28 October 2026 via checked.be.