CORNALINE HOUSE: 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.
What changed
CORNALINE HOUSE
NACE 68.201, Renting and operating of own or leased residential real estate, excluding social housing
financial year 2024 against 2025filed annual accounts (NBB)
Net result for the year
€1.2m
2024 · €817,941+€338,448
Equity
€7.2m
2024 · €6.0m+€1.2m
Cash
€1.7m
2024 · €2.3m-€608,763
Balance sheet total
€20.7m
2024 · €21.9m-€1.3m
Largest movements
Assets
- Tangible fixed assets -€851,672
down €851,672 (-4.7%), from €18.0m to €17.1m
of which Land and buildings: -€755,332
- Cash -€608,763
down €608,763 (-26.8%), from €2.3m to €1.7m
mainly Debts after one year (-€2.7m) and Investment in fixed assets (net) (-€312,917)
- Financial fixed assets +€300,000
new in 2025: €300,000
Equity and liabilities
- Debts after one year -€2.7m
down €2.7m (-17.8%), from €15.0m to €12.3m
of which Financial debts: -€2.7m
- Profit (loss) carried forward +€1.2m
up €1.2m (+25.6%), from -€4.5m to -€3.4m
Income statement
- Other operating income +€831,159
up €831,159 (+79.1%), from €1.1m to €1.9m
- Services and other goods +€511,576
up €511,576 (+131.7%), from €388,565 to €900,141
- Write-downs -€123,075
down €123,075, from €60,585 to -€62,490
- Turnover +€116,200
up €116,200 (+4.2%), from €2.8m to €2.9m
- Other operating charges +€82,670
up €82,670 (+6.7%), from €1.2m to €1.3m
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.
Result 2024
€817,941
Turnover
+€116,200
Other operating income
+€831,159
Services and other goods
-€511,576
Depreciation
-€15,383
Write-downs
+€123,075
Other operating charges
-€82,670
Other operating items
-€3,065
Financial income
-€11
Financial charges
-€45,734
Taxes
-€73,548
Result 2025
€1.2m
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.
From operations
+€2.4m
Investment
-€312,917
Financing
-€2.7m
Cash 2024
€2.3m
From operations (derived)
+€2.4m
Net result for the year
+€1.2m
Depreciation
+€864,588
Receivables within one year
+€118,730
Deferred charges and accrued income
-€22,737
Trade debts
+€50,519
Tax, wage and social debts
-€51,041
Other debts
+€151,356
Accrued charges and deferred income
+€102,216
Investment (derived)
-€312,917
Investment in fixed assets (net)
-€312,917
Financing
-€2.7m
Debts after one year
-€2.7m
Cash 2025
€1.7m
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €21,909,408 | €20,652,980 | -€1.3m | -5.7% |
| Fixed assets | 21/28 | €17,964,253 | €17,412,581 | -€551,672 | -3.1% |
| Tangible fixed assets | 22/27 | €17,964,253 | €17,112,581 | -€851,672 | -4.7% |
| Land and buildings | 22 | €17,111,526 | €16,356,193 | -€755,332 | -4.4% |
| Furniture and vehicles | 24 | €25,269 | €22,171 | -€3,098 | -12.3% |
| Other tangible fixed assets | 26 | €822,094 | €729,956 | -€92,138 | -11.2% |
| Assets under construction and advance payments | 27 | €5,364 | €4,261 | -€1,103 | -20.6% |
| Financial fixed assets | 28 | - | €300,000 | +€300,000 | |
| Other financial fixed assets | 284/8 | - | €300,000 | +€300,000 | |
| Amounts receivable and cash guarantees | 285/8 | - | €300,000 | +€300,000 | |
| Current assets | 29/58 | €3,945,155 | €3,240,398 | -€704,756 | -17.9% |
| Amounts receivable within one year | 40/41 | €787,798 | €669,067 | -€118,730 | -15.1% |
| Trade receivables | 40 | €787,798 | €669,067 | -€118,730 | -15.1% |
| Cash at bank and in hand | 54/58 | €2,271,115 | €1,662,351 | -€608,763 | -26.8% |
| Deferred charges and accrued income | 490/1 | €886,243 | €908,980 | +€22,737 | +2.6% |
| Total equity and liabilities | 10/49 | €21,909,408 | €20,652,980 | -€1.3m | -5.7% |
| Equity | 10/15 | €6,001,396 | €7,157,785 | +€1.2m | +19.3% |
| Contributions | 10/11 | €10,500,000 | €10,500,000 | = | 0.0% |
| Capital | 10 | €10,500,000 | - | -€10.5m | |
| Issued capital | 100 | €10,500,000 | - | -€10.5m | |
| Reserves | 13 | €20,134 | €20,134 | = | 0.0% |
| Non-distributable reserves | 130/1 | €20,134 | €20,134 | = | 0.0% |
| Legal reserve | 130 | €20,134 | - | -€20,134 | |
| Reserves not available under the articles | 1311 | - | €20,134 | +€20,134 | |
| Profit (loss) carried forward | 14 | -€4,518,738 | -€3,362,349 | +€1.2m | +25.6% |
| Amounts payable | 17/49 | €15,908,012 | €13,495,195 | -€2.4m | -15.2% |
| Amounts payable after more than one year | 17 | €14,993,493 | €12,327,626 | -€2.7m | -17.8% |
| Financial debts | 170/4 | €14,655,872 | €12,000,000 | -€2.7m | -18.1% |
| Credit institutions | 173 | - | €12,000,000 | +€12.0m | |
| Other loans | 174 | €14,655,872 | €0 | -€14.7m | -100.0% |
| Other amounts payable | 178/9 | €337,621 | €327,626 | -€9,995 | -3.0% |
| Amounts payable within one year | 42/48 | €191,994 | €342,827 | +€150,834 | +78.6% |
| Trade debts | 44 | €60,826 | €111,345 | +€50,519 | +83.1% |
| Suppliers | 440/4 | €60,826 | €111,345 | +€50,519 | +83.1% |
| Taxes, remuneration and social security | 45 | €131,167 | €80,126 | -€51,041 | -38.9% |
| Taxes | 450/3 | €131,167 | €80,126 | -€51,041 | -38.9% |
| Other amounts payable | 47/48 | - | €151,356 | +€151,356 | |
| Accrued charges and deferred income | 492/3 | €722,526 | €824,742 | +€102,216 | +14.1% |
| Operating income | 70/76A | €3,826,378 | €4,783,728 | +€957,349 | +25.0% |
| Turnover | 70 | €2,775,248 | €2,891,449 | +€116,200 | +4.2% |
| Other operating income | 74 | €1,051,130 | €1,882,289 | +€831,159 | +79.1% |
| Non-recurring operating income | 76A | - | €9,990 | +€9,990 | |
| Operating charges | 60/66A | €2,538,930 | €3,038,539 | +€499,609 | +19.7% |
| Services and other goods | 61 | €388,565 | €900,141 | +€511,576 | +131.7% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €849,205 | €864,588 | +€15,383 | +1.8% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | €60,585 | -€62,490 | -€123,075 | |
| Other operating charges | 640/8 | €1,240,575 | €1,323,244 | +€82,670 | +6.7% |
| Non-recurring operating charges | 66A | - | €13,055 | +€13,055 | |
| Operating profit (loss) | 9901 | €1,287,448 | €1,745,189 | +€457,741 | +35.6% |
| Financial income | 75/76B | €29 | €18 | -€11 | -39.1% |
| Recurring financial income | 75 | €29 | €18 | -€11 | -39.1% |
| Other financial income | 752/9 | €29 | €18 | -€11 | -39.1% |
| Financial charges | 65/66B | €466,247 | €511,981 | +€45,734 | +9.8% |
| Recurring financial charges | 65 | €466,247 | €511,981 | +€45,734 | +9.8% |
| Debt charges | 650 | €466,247 | €511,109 | +€44,862 | +9.6% |
| Other financial charges | 652/9 | - | €872 | +€872 | |
| Profit (loss) for the period before taxes | 9903 | €821,231 | €1,233,226 | +€411,996 | +50.2% |
| Income taxes | 67/77 | €3,289 | €76,837 | +€73,548 | +2236.1% |
| Taxes | 670/3 | €3,289 | €76,837 | +€73,548 | +2236.1% |
| Profit (loss) for the period | 9904 | €817,941 | €1,156,389 | +€338,448 | +41.4% |
| Profit (loss) for the period to be appropriated | 9905 | €817,941 | €1,156,389 | +€338,448 | +41.4% |
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 9 October 2026 via checked.be.