MENUISERIE CORNET FRERES: 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.
MENUISERIE CORNET FRERES
Largest movements
- Receivables within one year +€23,347
up €23,347 (+421%), from €5,541 to €28,888
of which Trade receivables: +€18,046
- Tangible fixed assets +€22,397
up €22,397 (+46.6%), from €48,113 to €70,510
of which Leasing and similar rights: +€37,125
- Stocks and contracts +€9,888
up €9,888 (+28.0%), from €35,337 to €45,225
of which Contracts in progress: +€17,865
- Cash +€3,385
up €3,385 (+78.5%), from €4,313 to €7,698
mainly Trade debts (+€26,661) and Debts after one year (+€26,405)
- Trade debts +€26,661
up €26,661 (+338%), from €7,887 to €34,548
- Debts after one year +€26,405
up €26,405 (+417%), from €6,325 to €32,730
- Other debts -€13,752
no longer reported in 2025 (was €13,752)
- Reserves +€11,450
up €11,450 (+55.9%), from €20,500 to €31,950
- Tax, wage and social debts +€4,555
up €4,555 (+45.8%), from €9,946 to €14,501
of which Taxes: +€3,146
- Gross operating margin +€40,764
up €40,764 (+32.7%), from €124,838 to €165,602
- Staff costs +€25,826
up €25,826 (+25.3%), from €101,995 to €127,821
- Financial income -€19,041
down €19,041 (-99.4%), from €19,155 to €114
- Taxes -€2,849
down €2,849 (-45.3%), from €6,289 to €3,440
- Depreciation +€1,993
up €1,993 (+10.9%), from €18,353 to €20,346
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 | €97,100 | €156,613 | +€59,513 | +61.3% |
| Fixed assets | 21/28 | €48,113 | €70,510 | +€22,397 | +46.6% |
| Tangible fixed assets | 22/27 | €48,113 | €70,510 | +€22,397 | +46.6% |
| Plant, machinery and equipment | 23 | €25,015 | €17,307 | -€7,707 | -30.8% |
| Furniture and vehicles | 24 | €23,098 | €16,077 | -€7,021 | -30.4% |
| Leasing and similar rights | 25 | - | €37,125 | +€37,125 | |
| Current assets | 29/58 | €48,987 | €86,103 | +€37,116 | +75.8% |
| Stocks and contracts in progress | 3 | €35,337 | €45,225 | +€9,888 | +28.0% |
| Stocks | 30/36 | €18,167 | €10,190 | -€7,977 | -43.9% |
| Contracts in progress | 37 | €17,170 | €35,035 | +€17,865 | +104% |
| Amounts receivable within one year | 40/41 | €5,541 | €28,888 | +€23,347 | +421% |
| Trade receivables | 40 | €2,651 | €20,697 | +€18,046 | +681% |
| Other amounts receivable | 41 | €2,890 | €8,191 | +€5,301 | +183% |
| Cash at bank and in hand | 54/58 | €4,313 | €7,698 | +€3,385 | +78.5% |
| Deferred charges and accrued income | 490/1 | €3,796 | €4,291 | +€496 | +13.1% |
| Total equity and liabilities | 10/49 | €97,100 | €156,613 | +€59,513 | +61.3% |
| Equity | 10/15 | €49,742 | €61,197 | +€11,454 | +23.0% |
| Contributions | 10/11 | €20,000 | €20,000 | = | 0.0% |
| Reserves | 13 | €20,500 | €31,950 | +€11,450 | +55.9% |
| Distributable reserves | 133 | €20,500 | €31,950 | +€11,450 | +55.9% |
| Profit (loss) carried forward | 14 | €9,242 | €9,247 | +€4 | 0.0% |
| Amounts payable | 17/49 | €47,357 | €95,416 | +€48,059 | +101% |
| Amounts payable after more than one year | 17 | €6,325 | €32,730 | +€26,405 | +417% |
| Financial debts | 170/4 | €6,325 | €32,730 | +€26,405 | +417% |
| Amounts payable within one year | 42/48 | €41,032 | €62,661 | +€21,629 | +52.7% |
| Current portion of amounts payable after more than one year | 42 | €9,448 | €13,612 | +€4,165 | +44.1% |
| Trade debts | 44 | €7,887 | €34,548 | +€26,661 | +338% |
| Suppliers | 440/4 | €7,887 | €34,548 | +€26,661 | +338% |
| Taxes, remuneration and social security | 45 | €9,946 | €14,501 | +€4,555 | +45.8% |
| Taxes | 450/3 | €7,853 | €10,999 | +€3,146 | +40.1% |
| Remuneration and social security | 454/9 | €2,093 | €3,501 | +€1,409 | +67.3% |
| Other amounts payable | 47/48 | €13,752 | - | -€13,752 | |
| Accrued charges and deferred income | 492/3 | - | €25 | +€25 | |
| Remuneration, social security and pensions | 62 | €101,995 | €127,821 | +€25,826 | +25.3% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €18,353 | €20,346 | +€1,993 | +10.9% |
| Other operating charges | 640/8 | €489 | €980 | +€492 | +101% |
| Gross operating margin | 9900 | €124,838 | €165,602 | +€40,764 | +32.7% |
| Operating profit (loss) | 9901 | €4,002 | €16,455 | +€12,453 | +311% |
| Financial income | 75/76B | €19,155 | €114 | -€19,041 | -99.4% |
| Recurring financial income | 75 | €19,155 | €114 | -€19,041 | -99.4% |
| Financial charges | 65/66B | €1,728 | €1,675 | -€53 | -3.1% |
| Recurring financial charges | 65 | €1,728 | €1,675 | -€53 | -3.1% |
| Profit (loss) for the period before taxes | 9903 | €21,429 | €14,894 | -€6,535 | -30.5% |
| Income taxes | 67/77 | €6,289 | €3,440 | -€2,849 | -45.3% |
| Profit (loss) for the period | 9904 | €15,140 | €11,454 | -€3,686 | -24.3% |
| Profit (loss) for the period to be appropriated | 9905 | €15,140 | €11,454 | -€3,686 | -24.3% |
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 17 October 2026 via checked.be.