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
- Receivables within one year +€26,935
up €26,935 (+8.6%), from €313,768 to €340,704
of which Other amounts receivable: +€31,095
- Tangible fixed assets -€3,990
no longer reported in 2025 (was €3,990)
of which Furniture and vehicles: -€3,680
- Reserves +€11,895
up €11,895 (+4.1%), from €289,294 to €301,189
of which Distributable reserves: +€11,895
- Profit (loss) carried forward +€6,257
up €6,257 (+8.7%), from -€71,725 to -€65,467
- Other debts -€4,500
down €4,500 (-81.8%), from €5,500 to €1,000
- Gross operating margin +€8,556
up €8,556 (+315%), from €2,715 to €11,271
- Taxes +€4,809
up €4,809 (+191%), from €2,513 to €7,322
- Financial income +€3,357
up €3,357 (+57.5%), from €5,842 to €9,199
- Financial charges +€822
up €822 (+195%), from €421 to €1,243
- Other operating charges +€283
up €283 (+20.6%), from €1,375 to €1,658
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 | €357,766 | €377,784 | +€20,018 | +5.6% |
| Fixed assets | 21/28 | €3,990 | - | -€3,990 | |
| Tangible fixed assets | 22/27 | €3,990 | - | -€3,990 | |
| Plant, machinery and equipment | 23 | €309 | - | -€309 | |
| Furniture and vehicles | 24 | €3,680 | - | -€3,680 | |
| Current assets | 29/58 | €353,776 | €377,784 | +€24,008 | +6.8% |
| Amounts receivable within one year | 40/41 | €313,768 | €340,704 | +€26,935 | +8.6% |
| Trade receivables | 40 | €105,310 | €101,151 | -€4,160 | -3.9% |
| Other amounts receivable | 41 | €208,458 | €239,553 | +€31,095 | +14.9% |
| Current investments | 50/53 | €35,963 | €33,969 | -€1,994 | -5.5% |
| Cash at bank and in hand | 54/58 | €1,548 | €3,039 | +€1,491 | +96.3% |
| Deferred charges and accrued income | 490/1 | €2,497 | €72 | -€2,425 | -97.1% |
| Total equity and liabilities | 10/49 | €357,766 | €377,784 | +€20,018 | +5.6% |
| Equity | 10/15 | €317,569 | €335,722 | +€18,153 | +5.7% |
| Contributions | 10/11 | €100,000 | €100,000 | = | 0.0% |
| Reserves | 13 | €289,294 | €301,189 | +€11,895 | +4.1% |
| Non-distributable reserves | 130/1 | €40,000 | €40,000 | = | 0.0% |
| Reserves not available under the articles | 1311 | €40,000 | €40,000 | = | 0.0% |
| Tax-exempt reserves | 132 | €736 | €736 | = | 0.0% |
| Distributable reserves | 133 | €248,558 | €260,453 | +€11,895 | +4.8% |
| Profit (loss) carried forward | 14 | -€71,725 | -€65,467 | +€6,257 | +8.7% |
| Amounts payable | 17/49 | €40,196 | €42,062 | +€1,865 | +4.6% |
| Amounts payable within one year | 42/48 | €40,196 | €42,062 | +€1,865 | +4.6% |
| Financial debts | 43 | €9,489 | €9,489 | = | 0.0% |
| Credit institutions | 430/8 | €9,489 | €9,489 | = | 0.0% |
| Trade debts | 44 | €18,611 | €21,517 | +€2,906 | +15.6% |
| Suppliers | 440/4 | €18,611 | €21,517 | +€2,906 | +15.6% |
| Taxes, remuneration and social security | 45 | €6,596 | €10,056 | +€3,460 | +52.5% |
| Taxes | 450/3 | €6,596 | €10,056 | +€3,460 | +52.5% |
| Other amounts payable | 47/48 | €5,500 | €1,000 | -€4,500 | -81.8% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €4,101 | €3,990 | -€112 | -2.7% |
| Other operating charges | 640/8 | €1,375 | €1,658 | +€283 | +20.6% |
| Gross operating margin | 9900 | €2,715 | €11,271 | +€8,556 | +315% |
| Operating profit (loss) | 9901 | -€2,762 | €5,623 | +€8,385 | |
| Financial income | 75/76B | €5,842 | €9,199 | +€3,357 | +57.5% |
| Recurring financial income | 75 | €5,842 | €9,199 | +€3,357 | +57.5% |
| Financial charges | 65/66B | €421 | €1,243 | +€822 | +195% |
| Recurring financial charges | 65 | €421 | €1,243 | +€822 | +195% |
| Profit (loss) for the period before taxes | 9903 | €2,659 | €13,579 | +€10,920 | +411% |
| Income taxes | 67/77 | €2,513 | €7,322 | +€4,809 | +191% |
| Profit (loss) for the period | 9904 | €146 | €6,257 | +€6,111 | +4,179% |
| Profit (loss) for the period to be appropriated | 9905 | €146 | €6,257 | +€6,111 | +4,179% |
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 15 October 2026 via checked.be.