CORNELI GROUP: 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.
CORNELI GROUP
Largest movements
- Receivables within one year +€21,307
up €21,307 (+183%), from €11,663 to €32,970
of which Other amounts receivable: +€16,691
- Cash +€14,297
up €14,297 (+100%), from €14,243 to €28,540
mainly Net result for the year (+€28,599) and Accrued charges and deferred income (+€13,475)
- Deferred charges and accrued income -€12,151
down €12,151 (-99.8%), from €12,172 to €21
- Accrued charges and deferred income +€13,475
up €13,475, from €0 to €13,475
- Profit (loss) carried forward +€11,280
up €11,280, from -€11,280 to €0
- Other debts -€3,833
down €3,833 (-100%), from €3,833 to €0
- Tax, wage and social debts +€1,344
up €1,344 (+18.6%), from €7,207 to €8,551
of which Taxes: +€1,344
- Reserves +€1,319
up €1,319 (+8.4%), from €15,741 to €17,060
of which Distributable reserves: +€1,319
- Financial charges -€58,192
down €58,192 (-98.6%), from €59,026 to €835
- Gross operating margin -€26,858
down €26,858 (-39.9%), from €67,276 to €40,418
- Staff costs -€10,246
down €10,246 (-100%), from €10,246 to €0
- Taxes +€2,564
up €2,564 (+3,204,650%), from €0 to €2,564
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 | €54,656 | €77,801 | +€23,146 | +42.3% |
| Fixed assets | 21/28 | €13,508 | €13,330 | -€178 | -1.3% |
| Tangible fixed assets | 22/27 | €10,058 | €9,880 | -€178 | -1.8% |
| Plant, machinery and equipment | 23 | €3,833 | €5,719 | +€1,886 | +49.2% |
| Furniture and vehicles | 24 | €1,827 | €1,073 | -€754 | -41.3% |
| Leasing and similar rights | 25 | €0 | - | = | |
| Other tangible fixed assets | 26 | €4,398 | €3,088 | -€1,310 | -29.8% |
| Financial fixed assets | 28 | €3,450 | €3,450 | = | 0.0% |
| Current assets | 29/58 | €41,147 | €64,471 | +€23,324 | +56.7% |
| Amounts receivable after more than one year | 29 | €0 | - | = | |
| Other amounts receivable | 291 | €0 | - | = | |
| Stocks and contracts in progress | 3 | €3,070 | €2,940 | -€129 | -4.2% |
| Stocks | 30/36 | €3,070 | €2,940 | -€129 | -4.2% |
| Contracts in progress | 37 | €0 | - | = | |
| Amounts receivable within one year | 40/41 | €11,663 | €32,970 | +€21,307 | +183% |
| Trade receivables | 40 | €11,472 | €16,089 | +€4,617 | +40.2% |
| Other amounts receivable | 41 | €191 | €16,881 | +€16,691 | +8,756% |
| Cash at bank and in hand | 54/58 | €14,243 | €28,540 | +€14,297 | +100% |
| Deferred charges and accrued income | 490/1 | €12,172 | €21 | -€12,151 | -99.8% |
| Total equity and liabilities | 10/49 | €54,656 | €77,801 | +€23,146 | +42.3% |
| Equity | 10/15 | €10,661 | €23,260 | +€12,599 | +118% |
| Contributions | 10/11 | €6,200 | €6,200 | = | 0.0% |
| Reserves | 13 | €15,741 | €17,060 | +€1,319 | +8.4% |
| Non-distributable reserves | 130/1 | €1,355 | €1,355 | = | 0.0% |
| Reserves not available under the articles | 1311 | €1,355 | €1,355 | = | 0.0% |
| Distributable reserves | 133 | €14,386 | €15,705 | +€1,319 | +9.2% |
| Profit (loss) carried forward | 14 | -€11,280 | €0 | +€11,280 | |
| Amounts payable | 17/49 | €43,994 | €54,541 | +€10,547 | +24.0% |
| Amounts payable after more than one year | 17 | €25,000 | €25,000 | = | 0.0% |
| Other amounts payable | 178/9 | €25,000 | €25,000 | = | 0.0% |
| Amounts payable within one year | 42/48 | €18,994 | €16,066 | -€2,928 | -15.4% |
| Current portion of amounts payable after more than one year | 42 | €0 | - | = | |
| Trade debts | 44 | €7,954 | €7,515 | -€440 | -5.5% |
| Suppliers | 440/4 | €7,954 | €7,515 | -€440 | -5.5% |
| Taxes, remuneration and social security | 45 | €7,207 | €8,551 | +€1,344 | +18.6% |
| Taxes | 450/3 | €7,207 | €8,551 | +€1,344 | +18.6% |
| Remuneration and social security | 454/9 | €0 | - | = | |
| Other amounts payable | 47/48 | €3,833 | €0 | -€3,833 | -100% |
| Accrued charges and deferred income | 492/3 | €0 | €13,475 | +€13,475 | |
| Remuneration, social security and pensions | 62 | €10,246 | €0 | -€10,246 | -100% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €3,951 | €4,369 | +€417 | +10.6% |
| Other operating charges | 640/8 | €4,047 | €4,054 | +€7 | +0.2% |
| Gross operating margin | 9900 | €67,276 | €40,418 | -€26,858 | -39.9% |
| Operating profit (loss) | 9901 | €49,032 | €31,996 | -€17,037 | -34.7% |
| Financial income | 75/76B | €63 | €1 | -€61 | -98.0% |
| Recurring financial income | 75 | €63 | €1 | -€61 | -98.0% |
| Financial charges | 65/66B | €59,026 | €835 | -€58,192 | -98.6% |
| Recurring financial charges | 65 | €59,026 | €835 | -€58,192 | -98.6% |
| Profit (loss) for the period before taxes | 9903 | -€9,931 | €31,162 | +€41,094 | |
| Income taxes | 67/77 | €0 | €2,564 | +€2,564 | +3,204,650% |
| Profit (loss) for the period | 9904 | -€9,931 | €28,599 | +€38,530 | |
| Profit (loss) for the period to be appropriated | 9905 | -€9,931 | €28,599 | +€38,530 |
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 16 October 2026 via checked.be.