Corneel: what changed
Two fiscal 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.
Corneel
Largest movements
- Cash -€24,050
down €24,050 (-20.8%), from €115,423 to €91,373
mainly Investment in fixed assets (net) (-€20,549) and Net result for the year (-€10,512)
- Tangible fixed assets +€9,624
up €9,624 (+36.1%), from €26,677 to €36,301
of which Furniture and vehicles: +€12,638
- Receivables within one year +€3,641
up €3,641 (+2.5%), from €146,959 to €150,600
of which Other amounts receivable: +€3,554
- Reserves -€10,512
down €10,512 (-3.8%), from €274,442 to €263,930
- Gross operating margin -€12,816
down €12,816, from €9,715 to -€3,101
- Financial charges +€617
up €617 (+134.2%), from €460 to €1,077
- Financial income +€573
up €573 (+10.3%), from €5,542 to €6,114
- Depreciation -€484
down €484 (-4.2%), from €11,409 to €10,925
- Taxes -€183
down €183 (-100.0%), from €183 to €0
From the 2023 result to the 2024 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 2023 and 2024 balance sheets and the 2024 result: not a filed cash-flow statement. It shows where the money came from and went.
Every line side by side
| Line | Code | 2023 | 2024 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €296,972 | €285,759 | -€11,213 | -3.8% |
| Fixed assets | 21/28 | €27,207 | €36,831 | +€9,624 | +35.4% |
| Tangible fixed assets | 22/27 | €26,677 | €36,301 | +€9,624 | +36.1% |
| Plant, machinery and equipment | 23 | €12,582 | €9,568 | -€3,015 | -24.0% |
| Furniture and vehicles | 24 | €14,095 | €26,733 | +€12,638 | +89.7% |
| Financial fixed assets | 28 | €530 | €530 | = | 0.0% |
| Current assets | 29/58 | €269,765 | €248,928 | -€20,837 | -7.7% |
| Stocks and contracts in progress | 3 | €5,650 | €5,150 | -€500 | -8.8% |
| Stocks | 30/36 | €5,650 | €5,150 | -€500 | -8.8% |
| Amounts receivable within one year | 40/41 | €146,959 | €150,600 | +€3,641 | +2.5% |
| Trade receivables | 40 | €33,756 | €33,844 | +€87 | +0.3% |
| Other amounts receivable | 41 | €113,202 | €116,756 | +€3,554 | +3.1% |
| Cash at bank and in hand | 54/58 | €115,423 | €91,373 | -€24,050 | -20.8% |
| Deferred charges and accrued income | 490/1 | €1,733 | €1,805 | +€72 | +4.2% |
| Total equity and liabilities | 10/49 | €296,972 | €285,759 | -€11,213 | -3.8% |
| Equity | 10/15 | €293,034 | €282,522 | -€10,512 | -3.6% |
| Contributions | 10/11 | €18,592 | €18,592 | = | 0.0% |
| Reserves | 13 | €274,442 | €263,930 | -€10,512 | -3.8% |
| Distributable reserves | 133 | €274,442 | €263,930 | -€10,512 | -3.8% |
| Amounts payable | 17/49 | €3,938 | €3,237 | -€701 | -17.8% |
| Amounts payable within one year | 42/48 | €3,925 | €3,212 | -€714 | -18.2% |
| Trade debts | 44 | €3,478 | €3,011 | -€467 | -13.4% |
| Suppliers | 440/4 | €3,478 | €3,011 | -€467 | -13.4% |
| Taxes, remuneration and social security | 45 | €447 | €201 | -€247 | -55.1% |
| Taxes | 450/3 | €447 | €201 | -€247 | -55.1% |
| Accrued charges and deferred income | 492/3 | €13 | €25 | +€12 | +95.6% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €11,409 | €10,925 | -€484 | -4.2% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | €0 | - | = | |
| Other operating charges | 640/8 | €1,373 | €1,523 | +€150 | +10.9% |
| Gross operating margin | 9900 | €9,715 | -€3,101 | -€12,816 | |
| Operating profit (loss) | 9901 | -€3,067 | -€15,549 | -€12,482 | -407.0% |
| Financial income | 75/76B | €5,542 | €6,114 | +€573 | +10.3% |
| Recurring financial income | 75 | €5,542 | €6,114 | +€573 | +10.3% |
| Financial charges | 65/66B | €460 | €1,077 | +€617 | +134.2% |
| Recurring financial charges | 65 | €460 | €1,077 | +€617 | +134.2% |
| Profit (loss) for the period before taxes | 9903 | €2,015 | -€10,512 | -€12,527 | |
| Income taxes | 67/77 | €183 | €0 | -€183 | -100.0% |
| Profit (loss) for the period | 9904 | €1,832 | -€10,512 | -€12,344 | |
| Profit (loss) for the period to be appropriated | 9905 | €1,832 | -€10,512 | -€12,344 |
Source: filed annual accounts (NBB), fiscal years ended 31 December 2023 and 31 December 2024. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 4 October 2026 via checked.be.