TINE CORTEVILLE: 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.
TINE CORTEVILLE
Largest movements
- Cash +€38,674
up €38,674 (+17.5%), from €220,548 to €259,223
mainly Net result for the year (+€37,270) and Depreciation (+€16,386)
- Receivables within one year +€15,318
up €15,318 (+15.5%), from €98,706 to €114,024
of which Other amounts receivable: +€15,749
- Tangible fixed assets -€10,479
down €10,479 (-12.7%), from €82,659 to €72,180
of which Leasing and similar rights: -€11,501
- Current investments -€8,563
down €8,563 (-4.4%), from €192,567 to €184,004
- Reserves +€25,000
up €25,000 (+4.6%), from €549,270 to €574,270
of which Distributable reserves: +€25,000
- Profit (loss) carried forward +€12,270
up €12,270 (+12.8%), from -€95,889 to -€83,618
- Debts after one year -€11,937
down €11,937 (-82.8%), from €14,415 to €2,478
- Trade debts +€7,482
up €7,482 (+728%), from €1,027 to €8,509
- Other operating charges +€46,233
up €46,233 (+1,733%), from €2,668 to €48,901
- Gross operating margin +€20,046
up €20,046 (+24.2%), from €82,848 to €102,894
- Taxes -€12,427
down €12,427 (-93.7%), from €13,256 to €829
- Financial income +€6,317
up €6,317 (+179%), from €3,528 to €9,845
- Financial charges +€4,109
up €4,109 (+78.4%), from €5,243 to €9,352
From the 2023 result to the 2024 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 2023 and 2024 balance sheets and the 2024 result: not a filed cash-flow statement. It shows where the money came from and went.
Every line side by side
| Line | Code | 2023 | 2024 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €596,621 | €631,621 | +€35,001 | +5.9% |
| Fixed assets | 21/28 | €82,734 | €72,255 | -€10,479 | -12.7% |
| Tangible fixed assets | 22/27 | €82,659 | €72,180 | -€10,479 | -12.7% |
| Land and buildings | 22 | €41,193 | €38,411 | -€2,782 | -6.8% |
| Plant, machinery and equipment | 23 | €376 | €5,163 | +€4,787 | +1,273% |
| Furniture and vehicles | 24 | €4,634 | €3,651 | -€983 | -21.2% |
| Leasing and similar rights | 25 | €36,455 | €24,955 | -€11,501 | -31.5% |
| Financial fixed assets | 28 | €75 | €75 | = | 0.0% |
| Current assets | 29/58 | €513,887 | €559,367 | +€45,480 | +8.9% |
| Amounts receivable within one year | 40/41 | €98,706 | €114,024 | +€15,318 | +15.5% |
| Trade receivables | 40 | €431 | - | -€431 | |
| Other amounts receivable | 41 | €98,275 | €114,024 | +€15,749 | +16.0% |
| Current investments | 50/53 | €192,567 | €184,004 | -€8,563 | -4.4% |
| Cash at bank and in hand | 54/58 | €220,548 | €259,223 | +€38,674 | +17.5% |
| Deferred charges and accrued income | 490/1 | €2,066 | €2,116 | +€50 | +2.4% |
| Total equity and liabilities | 10/49 | €596,621 | €631,621 | +€35,001 | +5.9% |
| Equity | 10/15 | €471,973 | €509,244 | +€37,270 | +7.9% |
| Contributions | 10/11 | €18,592 | €18,592 | = | 0.0% |
| Reserves | 13 | €549,270 | €574,270 | +€25,000 | +4.6% |
| Non-distributable reserves | 130/1 | €11,242 | €11,242 | = | 0.0% |
| Reserves not available under the articles | 1311 | €11,242 | €11,242 | = | 0.0% |
| Tax-exempt reserves | 132 | €80,510 | €80,510 | = | 0.0% |
| Distributable reserves | 133 | €457,518 | €482,518 | +€25,000 | +5.5% |
| Profit (loss) carried forward | 14 | -€95,889 | -€83,618 | +€12,270 | +12.8% |
| Provisions and deferred taxes | 16 | €82,651 | €82,651 | = | 0.0% |
| Provisions for liabilities and charges | 160/5 | €82,651 | €82,651 | = | 0.0% |
| Pensions and similar obligations | 160 | €82,651 | €82,651 | = | 0.0% |
| Amounts payable | 17/49 | €41,997 | €39,727 | -€2,270 | -5.4% |
| Amounts payable after more than one year | 17 | €14,415 | €2,478 | -€11,937 | -82.8% |
| Financial debts | 170/4 | €14,415 | €2,478 | -€11,937 | -82.8% |
| Amounts payable within one year | 42/48 | €27,582 | €37,249 | +€9,667 | +35.0% |
| Current portion of amounts payable after more than one year | 42 | €11,805 | €11,937 | +€132 | +1.1% |
| Financial debts | 43 | - | €1 | +€1 | |
| Credit institutions | 430/8 | - | €1 | +€1 | |
| Trade debts | 44 | €1,027 | €8,509 | +€7,482 | +728% |
| Suppliers | 440/4 | €1,027 | €8,509 | +€7,482 | +728% |
| Taxes, remuneration and social security | 45 | €3,284 | €5,784 | +€2,500 | +76.1% |
| Taxes | 450/3 | €3,284 | €5,784 | +€2,500 | +76.1% |
| Other amounts payable | 47/48 | €11,467 | €11,019 | -€448 | -3.9% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €18,041 | €16,386 | -€1,655 | -9.2% |
| Other operating charges | 640/8 | €2,668 | €48,901 | +€46,233 | +1,733% |
| Gross operating margin | 9900 | €82,848 | €102,894 | +€20,046 | +24.2% |
| Operating profit (loss) | 9901 | €62,139 | €37,607 | -€24,531 | -39.5% |
| Financial income | 75/76B | €3,528 | €9,845 | +€6,317 | +179% |
| Recurring financial income | 75 | €3,528 | €9,845 | +€6,317 | +179% |
| Financial charges | 65/66B | €5,243 | €9,352 | +€4,109 | +78.4% |
| Recurring financial charges | 65 | €5,243 | €9,352 | +€4,109 | +78.4% |
| Profit (loss) for the period before taxes | 9903 | €60,423 | €38,100 | -€22,324 | -36.9% |
| Income taxes | 67/77 | €13,256 | €829 | -€12,427 | -93.7% |
| Profit (loss) for the period | 9904 | €47,167 | €37,270 | -€9,897 | -21.0% |
| Profit (loss) for the period to be appropriated | 9905 | €47,167 | €37,270 | -€9,897 | -21.0% |
Source: filed annual accounts (NBB), financial years ended 31 December 2023 and 31 December 2024. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 25 October 2026 via checked.be.