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
- Tangible fixed assets -€8,430
down €8,430 (-3.2%), from €267,058 to €258,628
of which Land and buildings: -€8,333
- Cash +€4,301
up €4,301 (+171.9%), from €2,502 to €6,803
mainly Net result for the year (+€15,407) and Depreciation (+€8,430)
- Receivables within one year +€2,743
new in 2025: €2,743
- Debts after one year -€21,688
down €21,688 (-10.2%), from €211,638 to €189,949
of which Financial debts: -€19,738
- Reserves +€15,407
up €15,407 (+91.3%), from €16,881 to €32,288
- Trade debts +€4,051
up €4,051 (+141.5%), from €2,863 to €6,915
- Gross operating margin +€8,293
up €8,293 (+32.9%), from €25,207 to €33,499
- Taxes +€1,558
new in 2025: €1,558
- Financial charges -€756
down €756 (-11.3%), from €6,715 to €5,959
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 | €270,413 | €269,048 | -€1,366 | -0.5% |
| Fixed assets | 21/28 | €267,058 | €258,628 | -€8,430 | -3.2% |
| Tangible fixed assets | 22/27 | €267,058 | €258,628 | -€8,430 | -3.2% |
| Land and buildings | 22 | €266,667 | €258,333 | -€8,333 | -3.1% |
| Furniture and vehicles | 24 | €392 | €295 | -€97 | -24.7% |
| Current assets | 29/58 | €3,355 | €10,419 | +€7,064 | +210.6% |
| Amounts receivable within one year | 40/41 | - | €2,743 | +€2,743 | |
| Trade receivables | 40 | - | €2,743 | +€2,743 | |
| Cash at bank and in hand | 54/58 | €2,502 | €6,803 | +€4,301 | +171.9% |
| Deferred charges and accrued income | 490/1 | €853 | €874 | +€21 | +2.4% |
| Total equity and liabilities | 10/49 | €270,413 | €269,048 | -€1,366 | -0.5% |
| Equity | 10/15 | €35,481 | €50,888 | +€15,407 | +43.4% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €16,881 | €32,288 | +€15,407 | +91.3% |
| Distributable reserves | 133 | €16,881 | €32,288 | +€15,407 | +91.3% |
| Amounts payable | 17/49 | €234,932 | €218,160 | -€16,773 | -7.1% |
| Amounts payable after more than one year | 17 | €211,638 | €189,949 | -€21,688 | -10.2% |
| Financial debts | 170/4 | €203,388 | €183,649 | -€19,738 | -9.7% |
| Other amounts payable | 178/9 | €8,250 | €6,300 | -€1,950 | -23.6% |
| Amounts payable within one year | 42/48 | €21,876 | €28,211 | +€6,334 | +29.0% |
| Current portion of amounts payable after more than one year | 42 | €19,013 | €19,738 | +€726 | +3.8% |
| Trade debts | 44 | €2,863 | €6,915 | +€4,051 | +141.5% |
| Suppliers | 440/4 | €2,863 | €6,915 | +€4,051 | +141.5% |
| Taxes, remuneration and social security | 45 | - | €1,558 | +€1,558 | |
| Taxes | 450/3 | - | €1,558 | +€1,558 | |
| Accrued charges and deferred income | 492/3 | €1,419 | - | -€1,419 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €8,426 | €8,430 | +€5 | +0.1% |
| Other operating charges | 640/8 | €2,022 | €2,146 | +€124 | +6.1% |
| Gross operating margin | 9900 | €25,207 | €33,499 | +€8,293 | +32.9% |
| Operating profit (loss) | 9901 | €14,759 | €22,923 | +€8,164 | +55.3% |
| Financial charges | 65/66B | €6,715 | €5,959 | -€756 | -11.3% |
| Recurring financial charges | 65 | €6,715 | €5,959 | -€756 | -11.3% |
| Profit (loss) for the period before taxes | 9903 | €8,045 | €16,965 | +€8,920 | +110.9% |
| Income taxes | 67/77 | - | €1,558 | +€1,558 | |
| Profit (loss) for the period | 9904 | €8,045 | €15,407 | +€7,362 | +91.5% |
| Profit (loss) for the period to be appropriated | 9905 | €8,045 | €15,407 | +€7,362 | +91.5% |
Source: filed annual accounts (NBB), fiscal years ended 31 December 2024 and 31 December 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 1 October 2026 via checked.be.