CORNHOFF: what changed
CORNHOFF
Largest movements
- Tangible fixed assets -€25,836
down €25,836 (-2.8%), from €925,703 to €899,867
- Cash -€16,090
down €16,090 (-61.0%), from €26,360 to €10,270
mainly Debts after one year (-€38,254) and Investment in fixed assets (net) (-€20,736)
- Debts after one year -€38,254
down €38,254 (-3.7%), from €1.0m to €1.0m
- Other debts -€18,500
down €18,500 (-48.4%), from €38,247 to €19,747
- Profit (loss) carried forward +€13,209
up €13,209 (+5.6%), from -€236,486 to -€223,276
- Gross operating margin +€11,370
up €11,370 (+15.2%), from €75,004 to €86,374
- Other operating charges +€1,670
up €1,670 (+28.9%), from €5,780 to €7,450
- Financial charges -€1,629
down €1,629 (-7.8%), from €20,771 to €19,142
Change in the result, 2024 to 2025
For each income-statement line you see the change as its effect on the result. Higher costs lower the result, higher income raises it.
Derived cash bridge
The bridge is derived from the 2024 and 2025 balance sheets and the 2025 result. There is no filed cash-flow statement. You see where the money came from and where it went.
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €953,918 | €912,053 | -€41,864 | -4.4% |
| Fixed assets | 21/28 | €926,203 | €900,367 | -€25,836 | -2.8% |
| Tangible fixed assets | 22/27 | €925,703 | €899,867 | -€25,836 | -2.8% |
| Land and buildings | 22 | €925,703 | €899,867 | -€25,836 | -2.8% |
| Financial fixed assets | 28 | €500 | €500 | = | 0.0% |
| Current assets | 29/58 | €27,714 | €11,687 | -€16,028 | -57.8% |
| Cash at bank and in hand | 54/58 | €26,360 | €10,270 | -€16,090 | -61.0% |
| Deferred charges and accrued income | 490/1 | €1,354 | €1,416 | +€62 | +4.6% |
| Total equity and liabilities | 10/49 | €953,918 | €912,053 | -€41,864 | -4.4% |
| Equity | 10/15 | -€167,186 | -€153,976 | +€13,209 | +7.9% |
| Contributions | 10/11 | €63,000 | €63,000 | = | 0.0% |
| Capital | 10 | €63,000 | €63,000 | = | 0.0% |
| Issued capital | 100 | €63,000 | €63,000 | = | 0.0% |
| Reserves | 13 | €6,300 | €6,300 | = | 0.0% |
| Non-distributable reserves | 130/1 | €6,300 | €6,300 | = | 0.0% |
| Legal reserve | 130 | €6,300 | €6,300 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€236,486 | -€223,276 | +€13,209 | +5.6% |
| Amounts payable | 17/49 | €1,121,103 | €1,066,030 | -€55,074 | -4.9% |
| Amounts payable after more than one year | 17 | €1,046,283 | €1,008,029 | -€38,254 | -3.7% |
| Financial debts | 170/4 | €1,046,283 | €1,008,029 | -€38,254 | -3.7% |
| Amounts payable within one year | 42/48 | €74,821 | €58,001 | -€16,820 | -22.5% |
| Current portion of amounts payable after more than one year | 42 | €36,574 | €38,254 | +€1,680 | +4.6% |
| Other amounts payable | 47/48 | €38,247 | €19,747 | -€18,500 | -48.4% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €45,833 | €46,573 | +€740 | +1.6% |
| Other operating charges | 640/8 | €5,780 | €7,450 | +€1,670 | +28.9% |
| Gross operating margin | 9900 | €75,004 | €86,374 | +€11,370 | +15.2% |
| Operating profit (loss) | 9901 | €23,391 | €32,351 | +€8,960 | +38.3% |
| Financial charges | 65/66B | €20,771 | €19,142 | -€1,629 | -7.8% |
| Recurring financial charges | 65 | €20,771 | €19,142 | -€1,629 | -7.8% |
| Profit (loss) for the period before taxes | 9903 | €2,620 | €13,209 | +€10,589 | +404% |
| Profit (loss) for the period | 9904 | €2,620 | €13,209 | +€10,589 | +404% |
| Profit (loss) for the period to be appropriated | 9905 | €2,620 | €13,209 | +€10,589 | +404% |
Next steps
Calculation and sources
Source: filed annual accounts (NBB), financial years ended 31 December 2024 and 31 December 2025. Green is a favourable move for that line, red an unfavourable one. Prepared on 1 November 2026 via checked.be.