C. CORNELIS: 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.
C. CORNELIS
Largest movements
- Tangible fixed assets +€51,947
new in 2025: €51,947
- Receivables within one year +€11,030
up €11,030 (+20.9%), from €52,694 to €63,724
of which Other amounts receivable: +€9,922
- Cash -€6,342
down €6,342 (-34.1%), from €18,607 to €12,265
mainly Investment in fixed assets (net) (-€58,764) and Contributions, distributions and other (-€12,000)
- Deferred charges and accrued income +€1,590
new in 2025: €1,590
- Debts after one year +€30,427
new in 2025: €30,427
- Provisions +€16,000
new in 2025: €16,000
- Reserves +€7,000
up €7,000 (+16.0%), from €43,650 to €50,650
of which Distributable reserves: +€7,000
- Current portion of long-term debt +€6,592
up €6,592 (+83.2%), from €7,922 to €14,514
- Tax, wage and social debts -€2,401
down €2,401 (-36.8%), from €6,525 to €4,124
- Gross operating margin -€4,534
down €4,534 (-12.9%), from €35,187 to €30,653
- Depreciation -€2,697
down €2,697 (-28.3%), from €9,514 to €6,817
- Taxes -€1,548
down €1,548 (-19.3%), from €8,025 to €6,477
- Financial charges +€873
up €873 (+346%), from €252 to €1,125
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 | €71,301 | €129,526 | +€58,225 | +81.7% |
| Fixed assets | 21/28 | - | €51,947 | +€51,947 | |
| Tangible fixed assets | 22/27 | - | €51,947 | +€51,947 | |
| Furniture and vehicles | 24 | - | €51,947 | +€51,947 | |
| Current assets | 29/58 | €71,301 | €77,579 | +€6,278 | +8.8% |
| Amounts receivable within one year | 40/41 | €52,694 | €63,724 | +€11,030 | +20.9% |
| Trade receivables | 40 | €10,830 | €11,938 | +€1,108 | +10.2% |
| Other amounts receivable | 41 | €41,864 | €51,786 | +€9,922 | +23.7% |
| Cash at bank and in hand | 54/58 | €18,607 | €12,265 | -€6,342 | -34.1% |
| Deferred charges and accrued income | 490/1 | - | €1,590 | +€1,590 | |
| Total equity and liabilities | 10/49 | €71,301 | €129,526 | +€58,225 | +81.7% |
| Equity | 10/15 | €56,329 | €63,156 | +€6,827 | +12.1% |
| Contributions | 10/11 | €6,500 | €6,500 | = | 0.0% |
| Reserves | 13 | €43,650 | €50,650 | +€7,000 | +16.0% |
| Non-distributable reserves | 130/1 | €650 | €650 | = | 0.0% |
| Reserves not available under the articles | 1311 | €650 | €650 | = | 0.0% |
| Distributable reserves | 133 | €43,000 | €50,000 | +€7,000 | +16.3% |
| Profit (loss) carried forward | 14 | €6,179 | €6,006 | -€173 | -2.8% |
| Provisions and deferred taxes | 16 | - | €16,000 | +€16,000 | |
| Deferred taxes | 168 | - | €16,000 | +€16,000 | |
| Amounts payable | 17/49 | €14,972 | €50,370 | +€35,398 | +236% |
| Amounts payable after more than one year | 17 | - | €30,427 | +€30,427 | |
| Financial debts | 170/4 | - | €30,427 | +€30,427 | |
| Amounts payable within one year | 42/48 | €14,972 | €19,943 | +€4,971 | +33.2% |
| Current portion of amounts payable after more than one year | 42 | €7,922 | €14,514 | +€6,592 | +83.2% |
| Trade debts | 44 | €525 | €1,305 | +€780 | +149% |
| Suppliers | 440/4 | €525 | €1,305 | +€780 | +149% |
| Taxes, remuneration and social security | 45 | €6,525 | €4,124 | -€2,401 | -36.8% |
| Taxes | 450/3 | €6,525 | €4,124 | -€2,401 | -36.8% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €9,514 | €6,817 | -€2,697 | -28.3% |
| Other operating charges | 640/8 | €453 | €486 | +€33 | +7.3% |
| Gross operating margin | 9900 | €35,187 | €30,653 | -€4,534 | -12.9% |
| Operating profit (loss) | 9901 | €25,220 | €23,350 | -€1,870 | -7.4% |
| Financial income | 75/76B | €2,891 | €3,079 | +€188 | +6.5% |
| Recurring financial income | 75 | €2,891 | €3,079 | +€188 | +6.5% |
| Financial charges | 65/66B | €252 | €1,125 | +€873 | +346% |
| Recurring financial charges | 65 | €252 | €1,125 | +€873 | +346% |
| Profit (loss) for the period before taxes | 9903 | €27,859 | €25,304 | -€2,555 | -9.2% |
| Income taxes | 67/77 | €8,025 | €6,477 | -€1,548 | -19.3% |
| Profit (loss) for the period | 9904 | €19,834 | €18,827 | -€1,007 | -5.1% |
| Profit (loss) for the period to be appropriated | 9905 | €19,834 | €18,827 | -€1,007 | -5.1% |
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 15 October 2026 via checked.be.