MAISON CORSWAREM: 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.
MAISON CORSWAREM
Largest movements
- Stocks and contracts +€101,044
up €101,044 (+14.4%), from €700,922 to €801,966
- Tangible fixed assets -€40,366
down €40,366 (-10.6%), from €380,621 to €340,255
of which Land and buildings: -€21,477
- Debts after one year +€71,260
up €71,260 (+66.2%), from €107,704 to €178,964
of which Other amounts payable: +€85,000
- Tax, wage and social debts +€43,702
up €43,702 (+70.5%), from €61,987 to €105,689
of which Remuneration and social security: +€36,409
- Profit (loss) carried forward -€37,272
down €37,272 (-46.3%), from €80,524 to €43,252
- Current portion of long-term debt -€17,232
down €17,232 (-55.6%), from €30,972 to €13,740
- Staff costs +€99,190
up €99,190 (+25.5%), from €388,449 to €487,639
- Gross operating margin +€52,230
up €52,230 (+10.6%), from €490,972 to €543,201
- Taxes -€7,041
down €7,041 (-89.6%), from €7,854 to €813
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 | €1,299,829 | €1,365,007 | +€65,177 | +5.0% |
| Fixed assets | 21/28 | €419,637 | €377,929 | -€41,709 | -9.9% |
| Tangible fixed assets | 22/27 | €380,621 | €340,255 | -€40,366 | -10.6% |
| Land and buildings | 22 | €295,388 | €273,911 | -€21,477 | -7.3% |
| Plant, machinery and equipment | 23 | €63,572 | €54,785 | -€8,787 | -13.8% |
| Furniture and vehicles | 24 | €21,660 | €11,558 | -€10,102 | -46.6% |
| Financial fixed assets | 28 | €39,017 | €37,674 | -€1,343 | -3.4% |
| Current assets | 29/58 | €880,192 | €987,078 | +€106,886 | +12.1% |
| Stocks and contracts in progress | 3 | €700,922 | €801,966 | +€101,044 | +14.4% |
| Stocks | 30/36 | €700,922 | €801,966 | +€101,044 | +14.4% |
| Amounts receivable within one year | 40/41 | €69,107 | €75,426 | +€6,318 | +9.1% |
| Trade receivables | 40 | €53,530 | €59,205 | +€5,675 | +10.6% |
| Other amounts receivable | 41 | €15,577 | €16,221 | +€643 | +4.1% |
| Cash at bank and in hand | 54/58 | €102,596 | €103,041 | +€445 | +0.4% |
| Deferred charges and accrued income | 490/1 | €7,567 | €6,645 | -€921 | -12.2% |
| Total equity and liabilities | 10/49 | €1,299,829 | €1,365,007 | +€65,177 | +5.0% |
| Equity | 10/15 | €1,045,442 | €1,008,170 | -€37,272 | -3.6% |
| Contributions | 10/11 | €586,000 | €586,000 | = | 0.0% |
| Capital | 10 | €586,000 | €586,000 | = | 0.0% |
| Issued capital | 100 | €586,000 | €586,000 | = | 0.0% |
| Reserves | 13 | €378,918 | €378,918 | = | 0.0% |
| Non-distributable reserves | 130/1 | €45,500 | €45,500 | = | 0.0% |
| Legal reserve | 130 | €45,500 | €45,500 | = | 0.0% |
| Tax-exempt reserves | 132 | €3,663 | €3,663 | = | 0.0% |
| Distributable reserves | 133 | €329,755 | €329,755 | = | 0.0% |
| Profit (loss) carried forward | 14 | €80,524 | €43,252 | -€37,272 | -46.3% |
| Amounts payable | 17/49 | €254,388 | €356,837 | +€102,449 | +40.3% |
| Amounts payable after more than one year | 17 | €107,704 | €178,964 | +€71,260 | +66.2% |
| Financial debts | 170/4 | €37,704 | €23,964 | -€13,740 | -36.4% |
| Other amounts payable | 178/9 | €70,000 | €155,000 | +€85,000 | +121.4% |
| Amounts payable within one year | 42/48 | €142,858 | €171,572 | +€28,713 | +20.1% |
| Current portion of amounts payable after more than one year | 42 | €30,972 | €13,740 | -€17,232 | -55.6% |
| Trade debts | 44 | €49,899 | €52,142 | +€2,243 | +4.5% |
| Suppliers | 440/4 | €49,899 | €52,142 | +€2,243 | +4.5% |
| Taxes, remuneration and social security | 45 | €61,987 | €105,689 | +€43,702 | +70.5% |
| Taxes | 450/3 | €15,481 | €22,774 | +€7,293 | +47.1% |
| Remuneration and social security | 454/9 | €46,506 | €82,916 | +€36,409 | +78.3% |
| Accrued charges and deferred income | 492/3 | €3,825 | €6,301 | +€2,476 | +64.7% |
| Remuneration, social security and pensions | 62 | €388,449 | €487,639 | +€99,190 | +25.5% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €45,017 | €45,843 | +€826 | +1.8% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | €563 | €0 | -€563 | -100.0% |
| Other operating charges | 640/8 | €30,695 | €32,419 | +€1,724 | +5.6% |
| Non-recurring operating charges | 66A | €0 | - | = | |
| Gross operating margin | 9900 | €490,972 | €543,201 | +€52,230 | +10.6% |
| Operating profit (loss) | 9901 | €26,247 | -€22,700 | -€48,947 | |
| Financial income | 75/76B | €178 | €128 | -€51 | -28.5% |
| Recurring financial income | 75 | €178 | €128 | -€51 | -28.5% |
| Financial charges | 65/66B | €14,208 | €13,887 | -€321 | -2.3% |
| Recurring financial charges | 65 | €14,208 | €13,887 | -€321 | -2.3% |
| Profit (loss) for the period before taxes | 9903 | €12,218 | -€36,459 | -€48,677 | |
| Income taxes | 67/77 | €7,854 | €813 | -€7,041 | -89.6% |
| Profit (loss) for the period | 9904 | €4,364 | -€37,272 | -€41,636 | |
| Profit (loss) for the period to be appropriated | 9905 | €4,364 | -€37,272 | -€41,636 |
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 12 October 2026 via checked.be.