Corneel Beernaert: 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.
Corneel Beernaert
Largest movements
- Receivables within one year +€5,364
up €5,364 (+22.6%), from €23,707 to €29,071
of which Trade receivables: +€5,479
- Cash +€3,188
up €3,188 (+6.7%), from €47,447 to €50,635
mainly Depreciation (+€16,716) and Net result for the year (+€9,266)
- Profit (loss) carried forward +€8,433
new in 2025: €8,433
- Current portion of long-term debt +€2,480
up €2,480 (+58.6%), from €4,228 to €6,708
- Trade debts -€2,379
down €2,379 (-54.8%), from €4,339 to €1,960
- Short-term financial debts -€1,685
down €1,685 (-76.3%), from €2,206 to €522
- Gross operating margin +€2,953
up €2,953 (+9.2%), from €32,157 to €35,110
- Depreciation -€2,879
down €2,879 (-14.7%), from €19,595 to €16,716
- Other operating charges +€418
up €418 (+31.2%), from €1,340 to €1,758
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 | €104,100 | €111,571 | +€7,471 | +7.2% |
| Fixed assets | 21/28 | €32,946 | €31,864 | -€1,082 | -3.3% |
| Tangible fixed assets | 22/27 | €32,946 | €31,864 | -€1,082 | -3.3% |
| Plant, machinery and equipment | 23 | €32,576 | €31,864 | -€712 | -2.2% |
| Furniture and vehicles | 24 | €370 | - | -€370 | |
| Current assets | 29/58 | €71,154 | €79,706 | +€8,552 | +12.0% |
| Amounts receivable within one year | 40/41 | €23,707 | €29,071 | +€5,364 | +22.6% |
| Trade receivables | 40 | €23,036 | €28,515 | +€5,479 | +23.8% |
| Other amounts receivable | 41 | €671 | €556 | -€115 | -17.1% |
| Cash at bank and in hand | 54/58 | €47,447 | €50,635 | +€3,188 | +6.7% |
| Total equity and liabilities | 10/49 | €104,100 | €111,571 | +€7,471 | +7.2% |
| Equity | 10/15 | €39,181 | €47,615 | +€8,433 | +21.5% |
| Contributions | 10/11 | €1,000 | €1,000 | = | 0.0% |
| Reserves | 13 | €38,181 | €38,181 | = | 0.0% |
| Distributable reserves | 133 | €38,181 | €38,181 | = | 0.0% |
| Profit (loss) carried forward | 14 | - | €8,433 | +€8,433 | |
| Amounts payable | 17/49 | €64,919 | €63,956 | -€963 | -1.5% |
| Amounts payable after more than one year | 17 | €42,424 | €42,613 | +€189 | +0.4% |
| Financial debts | 170/4 | €42,424 | €42,613 | +€189 | +0.4% |
| Amounts payable within one year | 42/48 | €22,495 | €21,343 | -€1,152 | -5.1% |
| Current portion of amounts payable after more than one year | 42 | €4,228 | €6,708 | +€2,480 | +58.6% |
| Financial debts | 43 | €2,206 | €522 | -€1,685 | -76.3% |
| Credit institutions | 430/8 | €2,206 | €522 | -€1,685 | -76.3% |
| Trade debts | 44 | €4,339 | €1,960 | -€2,379 | -54.8% |
| Suppliers | 440/4 | €4,339 | €1,960 | -€2,379 | -54.8% |
| Taxes, remuneration and social security | 45 | €11,397 | €12,153 | +€756 | +6.6% |
| Taxes | 450/3 | €11,397 | €12,153 | +€756 | +6.6% |
| Other amounts payable | 47/48 | €324 | - | -€324 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €19,595 | €16,716 | -€2,879 | -14.7% |
| Other operating charges | 640/8 | €1,340 | €1,758 | +€418 | +31.2% |
| Gross operating margin | 9900 | €32,157 | €35,110 | +€2,953 | +9.2% |
| Operating profit (loss) | 9901 | €11,222 | €16,636 | +€5,414 | +48.2% |
| Financial charges | 65/66B | €3,120 | €3,068 | -€52 | -1.7% |
| Recurring financial charges | 65 | €3,120 | €3,068 | -€52 | -1.7% |
| Profit (loss) for the period before taxes | 9903 | €8,103 | €13,568 | +€5,466 | +67.5% |
| Income taxes | 67/77 | €4,375 | €4,302 | -€73 | -1.7% |
| Profit (loss) for the period | 9904 | €3,728 | €9,266 | +€5,539 | +149% |
| Profit (loss) for the period to be appropriated | 9905 | €3,728 | €9,266 | +€5,539 | +149% |
Source: filed annual accounts (NBB), financial years ended 30 September 2024 and 30 September 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 31 October 2026 via checked.be.