Société CORNU: 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.
Société CORNU
Largest movements
- Receivables within one year +€41,376
up €41,376 (+59.5%), from €69,497 to €110,873
of which Trade receivables: +€40,371
- Intangible fixed assets -€18,493
down €18,493 (-24.0%), from €77,163 to €58,670
- Cash -€4,563
down €4,563 (-28.6%), from €15,967 to €11,404
mainly Net result for the year (-€62,897) and Receivables within one year (-€41,376)
- Formation expenses -€4,055
no longer reported in 2025 (was €4,055)
- Tangible fixed assets -€3,242
down €3,242 (-89.1%), from €3,638 to €396
- Trade debts +€73,755
up €73,755 (+25.9%), from €284,652 to €358,407
- Profit (loss) carried forward -€62,897
down €62,897 (-5.1%), from -€1.2m to -€1.3m
- Other debts +€20,014
up €20,014 (+97.9%), from €20,453 to €40,467
- Current portion of long-term debt -€15,992
no longer reported in 2025 (was €15,992)
- Tax, wage and social debts -€4,667
down €4,667 (-23.7%), from €19,685 to €15,018
of which Remuneration and social security: -€3,887
- Gross operating margin +€74,201
up €74,201 (+104%), from €71,638 to €145,839
- Staff costs +€61,619
up €61,619 (+52.6%), from €117,169 to €178,788
- Depreciation -€16,663
down €16,663 (-39.3%), from €42,453 to €25,790
- Other operating charges -€4,387
down €4,387 (-99.8%), from €4,395 to €8
- Financial charges +€2,729
up €2,729 (+115%), from €2,365 to €5,094
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 | €239,140 | €249,352 | +€10,212 | +4.3% |
| Formation expenses | 20 | €4,055 | - | -€4,055 | |
| Fixed assets | 21/28 | €86,019 | €64,284 | -€21,735 | -25.3% |
| Intangible fixed assets | 21 | €77,163 | €58,670 | -€18,493 | -24.0% |
| Tangible fixed assets | 22/27 | €3,638 | €396 | -€3,242 | -89.1% |
| Plant, machinery and equipment | 23 | €3,638 | €396 | -€3,242 | -89.1% |
| Financial fixed assets | 28 | €5,218 | €5,218 | = | 0.0% |
| Current assets | 29/58 | €149,066 | €185,068 | +€36,002 | +24.2% |
| Stocks and contracts in progress | 3 | €61,283 | €60,012 | -€1,271 | -2.1% |
| Stocks | 30/36 | €61,283 | €60,012 | -€1,271 | -2.1% |
| Amounts receivable within one year | 40/41 | €69,497 | €110,873 | +€41,376 | +59.5% |
| Trade receivables | 40 | €51,386 | €91,757 | +€40,371 | +78.6% |
| Other amounts receivable | 41 | €18,111 | €19,116 | +€1,005 | +5.5% |
| Cash at bank and in hand | 54/58 | €15,967 | €11,404 | -€4,563 | -28.6% |
| Deferred charges and accrued income | 490/1 | €2,319 | €2,780 | +€461 | +19.9% |
| Total equity and liabilities | 10/49 | €239,140 | €249,352 | +€10,212 | +4.3% |
| Equity | 10/15 | -€844,636 | -€907,533 | -€62,897 | -7.4% |
| Contributions | 10/11 | €388,485 | €388,485 | = | 0.0% |
| Capital | 10 | €388,485 | - | -€388,485 | |
| Issued capital | 100 | €388,485 | - | -€388,485 | |
| Profit (loss) carried forward | 14 | -€1,233,121 | -€1,296,018 | -€62,897 | -5.1% |
| Amounts payable | 17/49 | €1,083,776 | €1,156,884 | +€73,108 | +6.7% |
| Amounts payable after more than one year | 17 | €742,994 | €742,993 | -€1 | 0.0% |
| Financial debts | 170/4 | €742,994 | €742,993 | -€1 | 0.0% |
| Amounts payable within one year | 42/48 | €340,782 | €413,891 | +€73,109 | +21.5% |
| Current portion of amounts payable after more than one year | 42 | €15,992 | - | -€15,992 | |
| Trade debts | 44 | €284,652 | €358,407 | +€73,755 | +25.9% |
| Suppliers | 440/4 | €284,652 | €358,407 | +€73,755 | +25.9% |
| Taxes, remuneration and social security | 45 | €19,685 | €15,018 | -€4,667 | -23.7% |
| Taxes | 450/3 | €780 | - | -€780 | |
| Remuneration and social security | 454/9 | €18,905 | €15,018 | -€3,887 | -20.6% |
| Other amounts payable | 47/48 | €20,453 | €40,467 | +€20,014 | +97.9% |
| Non-recurring operating income | 76A | €1,545 | - | -€1,545 | |
| Remuneration, social security and pensions | 62 | €117,169 | €178,788 | +€61,619 | +52.6% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €42,453 | €25,790 | -€16,663 | -39.3% |
| Other operating charges | 640/8 | €4,395 | €8 | -€4,387 | -99.8% |
| Gross operating margin | 9900 | €71,638 | €145,839 | +€74,201 | +104% |
| Operating profit (loss) | 9901 | -€92,379 | -€58,747 | +€33,632 | +36.4% |
| Financial income | 75/76B | €29 | €944 | +€915 | +3,157% |
| Recurring financial income | 75 | €29 | €944 | +€915 | +3,157% |
| Financial charges | 65/66B | €2,365 | €5,094 | +€2,729 | +115% |
| Recurring financial charges | 65 | €2,365 | €5,094 | +€2,729 | +115% |
| Profit (loss) for the period before taxes | 9903 | -€94,715 | -€62,897 | +€31,818 | +33.6% |
| Profit (loss) for the period | 9904 | -€94,715 | -€62,897 | +€31,818 | +33.6% |
| Profit (loss) for the period to be appropriated | 9905 | -€94,715 | -€62,897 | +€31,818 | +33.6% |
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 18 October 2026 via checked.be.