Cornette 2.0: 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.
Cornette 2.0
Largest movements
- Tangible fixed assets +€91,134
up €91,134 (+591.1%), from €15,418 to €106,552
of which Plant, machinery and equipment: +€82,496
- Cash -€49,255
down €49,255 (-27.6%), from €178,754 to €129,499
mainly Investment in fixed assets (net) (-€104,473) and Receivables after one year (-€33,000)
- Intangible fixed assets -€42,000
down €42,000 (-18.1%), from €231,429 to €189,429
- Receivables after one year +€33,000
up €33,000 (+126.9%), from €26,000 to €59,000
of which Other amounts receivable: +€59,000
- Receivables within one year +€11,177
up €11,177 (+8.8%), from €126,815 to €137,992
of which Trade receivables: +€33,598
- Tax, wage and social debts +€35,280
up €35,280 (+31.7%), from €111,247 to €146,528
of which Remuneration and social security: +€46,792
- Debts after one year +€26,851
up €26,851 (+35.6%), from €75,349 to €102,200
- Trade debts -€26,671
down €26,671 (-18.0%), from €148,217 to €121,545
- Current portion of long-term debt +€15,055
up €15,055 (+30.6%), from €49,228 to €64,283
- Gross operating margin +€49,991
up €49,991 (+12.7%), from €393,172 to €443,164
- Other operating charges +€21,075
up €21,075 (+167.6%), from €12,574 to €33,649
- Staff costs -€17,241
down €17,241 (-5.0%), from €343,316 to €326,075
- Financial charges +€13,142
up €13,142 (+90.8%), from €14,473 to €27,614
- Depreciation +€9,349
up €9,349 (+20.3%), from €45,990 to €55,340
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 | €592,992 | €641,812 | +€48,820 | +8.2% |
| Fixed assets | 21/28 | €246,847 | €295,981 | +€49,134 | +19.9% |
| Intangible fixed assets | 21 | €231,429 | €189,429 | -€42,000 | -18.1% |
| Tangible fixed assets | 22/27 | €15,418 | €106,552 | +€91,134 | +591.1% |
| Plant, machinery and equipment | 23 | €1,602 | €84,098 | +€82,496 | +5150.1% |
| Furniture and vehicles | 24 | €2,353 | €12,872 | +€10,519 | +447.0% |
| Other tangible fixed assets | 26 | €11,463 | €9,581 | -€1,882 | -16.4% |
| Current assets | 29/58 | €346,145 | €345,831 | -€313 | -0.1% |
| Amounts receivable after more than one year | 29 | €26,000 | €59,000 | +€33,000 | +126.9% |
| Trade receivables | 290 | €26,000 | - | -€26,000 | |
| Other amounts receivable | 291 | - | €59,000 | +€59,000 | |
| Stocks and contracts in progress | 3 | €14,442 | €16,672 | +€2,230 | +15.4% |
| Stocks | 30/36 | €14,442 | €16,672 | +€2,230 | +15.4% |
| Amounts receivable within one year | 40/41 | €126,815 | €137,992 | +€11,177 | +8.8% |
| Trade receivables | 40 | €95,281 | €128,879 | +€33,598 | +35.3% |
| Other amounts receivable | 41 | €31,533 | €9,112 | -€22,421 | -71.1% |
| Cash at bank and in hand | 54/58 | €178,754 | €129,499 | -€49,255 | -27.6% |
| Deferred charges and accrued income | 490/1 | €135 | €2,669 | +€2,534 | +1881.0% |
| Total equity and liabilities | 10/49 | €592,992 | €641,812 | +€48,820 | +8.2% |
| Equity | 10/15 | €208,951 | €207,256 | -€1,695 | -0.8% |
| Contributions | 10/11 | €100,000 | €100,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | €108,951 | €107,256 | -€1,695 | -1.6% |
| Amounts payable | 17/49 | €384,040 | €434,556 | +€50,516 | +13.2% |
| Amounts payable after more than one year | 17 | €75,349 | €102,200 | +€26,851 | +35.6% |
| Financial debts | 170/4 | €75,349 | €102,200 | +€26,851 | +35.6% |
| Amounts payable within one year | 42/48 | €308,692 | €332,356 | +€23,664 | +7.7% |
| Current portion of amounts payable after more than one year | 42 | €49,228 | €64,283 | +€15,055 | +30.6% |
| Trade debts | 44 | €148,217 | €121,545 | -€26,671 | -18.0% |
| Suppliers | 440/4 | €148,217 | €121,545 | -€26,671 | -18.0% |
| Taxes, remuneration and social security | 45 | €111,247 | €146,528 | +€35,280 | +31.7% |
| Taxes | 450/3 | €22,474 | €10,962 | -€11,512 | -51.2% |
| Remuneration and social security | 454/9 | €88,773 | €135,566 | +€46,792 | +52.7% |
| Remuneration, social security and pensions | 62 | €343,316 | €326,075 | -€17,241 | -5.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €45,990 | €55,340 | +€9,349 | +20.3% |
| Other operating charges | 640/8 | €12,574 | €33,649 | +€21,075 | +167.6% |
| Gross operating margin | 9900 | €393,172 | €443,164 | +€49,991 | +12.7% |
| Operating profit (loss) | 9901 | -€8,708 | €28,100 | +€36,807 | |
| Financial income | 75/76B | €3,016 | €3,265 | +€250 | +8.3% |
| Recurring financial income | 75 | €3,016 | €3,265 | +€250 | +8.3% |
| Financial charges | 65/66B | €14,473 | €27,614 | +€13,142 | +90.8% |
| Recurring financial charges | 65 | €14,473 | €27,614 | +€13,142 | +90.8% |
| Profit (loss) for the period before taxes | 9903 | -€20,164 | €3,751 | +€23,915 | |
| Income taxes | 67/77 | €3,051 | €5,446 | +€2,395 | +78.5% |
| Profit (loss) for the period | 9904 | -€23,215 | -€1,695 | +€21,520 | +92.7% |
| Profit (loss) for the period to be appropriated | 9905 | -€23,215 | -€1,695 | +€21,520 | +92.7% |
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 9 October 2026 via checked.be.