CORNELIS: 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.
CORNELIS
Largest movements
- Cash +€308,954
up €308,954 (+78.0%), from €396,343 to €705,297
mainly Trade debts (+€568,964) and Receivables within one year (+€198,450)
- Receivables within one year -€198,450
down €198,450 (-26.9%), from €738,941 to €540,491
of which Trade receivables: -€234,302
- Deferred charges and accrued income -€145,374
down €145,374 (-76.0%), from €191,207 to €45,833
- Tangible fixed assets +€58,536
up €58,536 (+32.2%), from €181,989 to €240,525
of which Plant, machinery and equipment: +€109,046
- Stocks and contracts +€48,925
up €48,925 (+5.6%), from €874,669 to €923,594
- Trade debts +€568,964
up €568,964 (+434%), from €131,237 to €700,201
- Other debts -€320,639
down €320,639 (-99.8%), from €321,339 to €700
- Accrued charges and deferred income -€84,700
down €84,700 (-100%), from €84,700 to €0
- Reserves -€56,563
down €56,563 (-3.4%), from €1.7m to €1.6m
- Tax, wage and social debts -€33,249
down €33,249 (-93.0%), from €35,763 to €2,514
- Gross operating margin -€583,642
down €583,642 (-42.0%), from €1.4m to €804,353
- Staff costs -€41,530
down €41,530 (-5.3%), from €788,473 to €746,943
- Taxes -€39,146
down €39,146 (-99.1%), from €39,514 to €368
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 | €2,403,149 | €2,455,739 | +€52,591 | +2.2% |
| Fixed assets | 21/28 | €181,989 | €240,525 | +€58,536 | +32.2% |
| Tangible fixed assets | 22/27 | €181,989 | €240,525 | +€58,536 | +32.2% |
| Plant, machinery and equipment | 23 | €74,872 | €183,918 | +€109,046 | +146% |
| Furniture and vehicles | 24 | €107,117 | €56,606 | -€50,510 | -47.2% |
| Assets under construction and advance payments | 27 | €0 | - | = | |
| Financial fixed assets | 28 | €0 | - | = | |
| Current assets | 29/58 | €2,221,160 | €2,215,215 | -€5,945 | -0.3% |
| Amounts receivable after more than one year | 29 | €20,000 | €0 | -€20,000 | -100% |
| Other amounts receivable | 291 | €20,000 | €0 | -€20,000 | -100% |
| Stocks and contracts in progress | 3 | €874,669 | €923,594 | +€48,925 | +5.6% |
| Stocks | 30/36 | €874,669 | €923,594 | +€48,925 | +5.6% |
| Amounts receivable within one year | 40/41 | €738,941 | €540,491 | -€198,450 | -26.9% |
| Trade receivables | 40 | €707,306 | €473,003 | -€234,302 | -33.1% |
| Other amounts receivable | 41 | €31,635 | €67,487 | +€35,852 | +113% |
| Cash at bank and in hand | 54/58 | €396,343 | €705,297 | +€308,954 | +78.0% |
| Deferred charges and accrued income | 490/1 | €191,207 | €45,833 | -€145,374 | -76.0% |
| Total equity and liabilities | 10/49 | €2,403,149 | €2,455,739 | +€52,591 | +2.2% |
| Equity | 10/15 | €1,801,563 | €1,745,151 | -€56,412 | -3.1% |
| Contributions | 10/11 | €120,000 | €120,000 | = | 0.0% |
| Reserves | 13 | €1,681,563 | €1,625,000 | -€56,563 | -3.4% |
| Distributable reserves | 133 | €1,681,563 | €1,625,000 | -€56,563 | -3.4% |
| Profit (loss) carried forward | 14 | €0 | €151 | +€151 | |
| Amounts payable | 17/49 | €601,586 | €710,588 | +€109,002 | +18.1% |
| Amounts payable after more than one year | 17 | €7,173 | €0 | -€7,173 | -100% |
| Financial debts | 170/4 | €7,173 | €0 | -€7,173 | -100% |
| Amounts payable within one year | 42/48 | €509,713 | €710,588 | +€200,876 | +39.4% |
| Current portion of amounts payable after more than one year | 42 | €21,374 | €7,173 | -€14,201 | -66.4% |
| Trade debts | 44 | €131,237 | €700,201 | +€568,964 | +434% |
| Suppliers | 440/4 | €131,237 | €700,201 | +€568,964 | +434% |
| Taxes, remuneration and social security | 45 | €35,763 | €2,514 | -€33,249 | -93.0% |
| Taxes | 450/3 | €35,763 | €2,514 | -€33,249 | -93.0% |
| Other amounts payable | 47/48 | €321,339 | €700 | -€320,639 | -99.8% |
| Accrued charges and deferred income | 492/3 | €84,700 | €0 | -€84,700 | -100% |
| Non-recurring operating income | 76A | €144,981 | €0 | -€144,981 | -100% |
| Remuneration, social security and pensions | 62 | €788,473 | €746,943 | -€41,530 | -5.3% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €88,607 | €90,292 | +€1,685 | +1.9% |
| Other operating charges | 640/8 | €49,266 | €37,636 | -€11,630 | -23.6% |
| Gross operating margin | 9900 | €1,387,995 | €804,353 | -€583,642 | -42.0% |
| Operating profit (loss) | 9901 | €461,649 | -€70,518 | -€532,167 | |
| Financial income | 75/76B | €21,215 | €17,043 | -€4,172 | -19.7% |
| Recurring financial income | 75 | €21,215 | €17,043 | -€4,172 | -19.7% |
| Non-recurring financial income | 76B | - | €0 | = | |
| Financial charges | 65/66B | €8,082 | €2,569 | -€5,514 | -68.2% |
| Recurring financial charges | 65 | €8,082 | €2,569 | -€5,514 | -68.2% |
| Profit (loss) for the period before taxes | 9903 | €474,782 | -€56,043 | -€530,825 | |
| Income taxes | 67/77 | €39,514 | €368 | -€39,146 | -99.1% |
| Profit (loss) for the period | 9904 | €435,268 | -€56,412 | -€491,679 | |
| Profit (loss) for the period to be appropriated | 9905 | €435,268 | -€56,412 | -€491,679 |
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 14 October 2026 via checked.be.