WARMTE@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.
WARMTE@CORNU
Largest movements
- Tangible fixed assets +€620,499
new in 2025: €620,499
- Cash +€196,842
up €196,842 (+6349.4%), from €3,100 to €199,943
mainly Debts after one year (+€382,127) and Accrued charges and deferred income (+€332,737)
- Stocks and contracts +€161,731
new in 2025: €161,731
- Receivables within one year +€30,923
up €30,923 (+451.0%), from €6,857 to €37,779
of which Other amounts receivable: +€25,602
- Deferred charges and accrued income -€30,407
down €30,407 (-89.5%), from €33,967 to €3,560
- Debts after one year +€382,127
new in 2025: €382,127
- Accrued charges and deferred income +€332,737
up €332,737 (+28076.7%), from €1,185 to €333,922
- Trade debts +€259,119
up €259,119 (+95644.1%), from €271 to €259,390
- Current portion of long-term debt +€21,143
new in 2025: €21,143
- Other debts -€13,396
down €13,396 (-30.4%), from €44,000 to €30,604
- Other operating charges -€31,409
down €31,409 (-99.8%), from €31,471 to €62
- Gross operating margin -€16,913
down €16,913 (-56.2%), from €30,100 to €13,188
- Depreciation +€9,585
up €9,585 (+997.2%), from €961 to €10,546
- Financial charges +€4,521
up €4,521 (+2253.0%), from €201 to €4,722
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 | €43,924 | €1,023,512 | +€979,588 | +2230.2% |
| Fixed assets | 21/28 | - | €620,499 | +€620,499 | |
| Tangible fixed assets | 22/27 | - | €620,499 | +€620,499 | |
| Plant, machinery and equipment | 23 | - | €620,499 | +€620,499 | |
| Current assets | 29/58 | €43,924 | €403,013 | +€359,089 | +817.5% |
| Stocks and contracts in progress | 3 | - | €161,731 | +€161,731 | |
| Stocks | 30/36 | - | €161,731 | +€161,731 | |
| Amounts receivable within one year | 40/41 | €6,857 | €37,779 | +€30,923 | +451.0% |
| Trade receivables | 40 | - | €5,320 | +€5,320 | |
| Other amounts receivable | 41 | €6,857 | €32,459 | +€25,602 | +373.4% |
| Cash at bank and in hand | 54/58 | €3,100 | €199,943 | +€196,842 | +6349.4% |
| Deferred charges and accrued income | 490/1 | €33,967 | €3,560 | -€30,407 | -89.5% |
| Total equity and liabilities | 10/49 | €43,924 | €1,023,512 | +€979,588 | +2230.2% |
| Equity | 10/15 | -€1,532 | -€3,675 | -€2,143 | -139.8% |
| Contributions | 10/11 | €1,000 | €1,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€2,532 | -€4,675 | -€2,143 | -84.6% |
| Amounts payable | 17/49 | €45,456 | €1,027,187 | +€981,731 | +2159.7% |
| Amounts payable after more than one year | 17 | - | €382,127 | +€382,127 | |
| Financial debts | 170/4 | - | €382,127 | +€382,127 | |
| Amounts payable within one year | 42/48 | €44,271 | €311,137 | +€266,866 | +602.8% |
| Current portion of amounts payable after more than one year | 42 | - | €21,143 | +€21,143 | |
| Trade debts | 44 | €271 | €259,390 | +€259,119 | +95644.1% |
| Suppliers | 440/4 | €271 | €259,390 | +€259,119 | +95644.1% |
| Other amounts payable | 47/48 | €44,000 | €30,604 | -€13,396 | -30.4% |
| Accrued charges and deferred income | 492/3 | €1,185 | €333,922 | +€332,737 | +28076.7% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €961 | €10,546 | +€9,585 | +997.2% |
| Other operating charges | 640/8 | €31,471 | €62 | -€31,409 | -99.8% |
| Gross operating margin | 9900 | €30,100 | €13,188 | -€16,913 | -56.2% |
| Operating profit (loss) | 9901 | -€2,332 | €2,579 | +€4,911 | |
| Financial charges | 65/66B | €201 | €4,722 | +€4,521 | +2253.0% |
| Recurring financial charges | 65 | €201 | €4,722 | +€4,521 | +2253.0% |
| Profit (loss) for the period before taxes | 9903 | -€2,532 | -€2,143 | +€389 | +15.4% |
| Profit (loss) for the period | 9904 | -€2,532 | -€2,143 | +€389 | +15.4% |
| Profit (loss) for the period to be appropriated | 9905 | -€2,532 | -€2,143 | +€389 | +15.4% |
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 11 October 2026 via checked.be.