CORNELIS & 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 & CORNELIS
Largest movements
- Current investments -€1.9m
down €1.9m (-63.9%), from €3.0m to €1.1m
- Cash +€924,013
up €924,013 (+422%), from €218,783 to €1.1m
mainly Current investments (+€1.9m) and Net result for the year (+€439,286)
- Receivables within one year +€88,686
up €88,686 (+27.3%), from €325,365 to €414,051
of which Other amounts receivable: +€85,540
- Other debts -€838,526
down €838,526 (-95.7%), from €875,937 to €37,411
- Contributions -€300,000
down €300,000 (-100%), from €300,000 to €0
- Reserves +€300,000
up €300,000 (+139%), from €216,500 to €516,500
of which Non-distributable reserves: +€300,000
- Tax, wage and social debts -€179,552
down €179,552 (-96.3%), from €186,506 to €6,954
- Profit (loss) carried forward +€139,286
up €139,286 (+4.3%), from €3.2m to €3.3m
- Financial income -€3.6m
down €3.6m (-89.4%), from €4.0m to €421,274
- Gross operating margin +€227,215
up €227,215, from -€160,887 to €66,328
- Financial charges +€14,434
up €14,434 (+82.8%), from €17,435 to €31,868
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 | €5,321,160 | €4,380,137 | -€941,023 | -17.7% |
| Fixed assets | 21/28 | €1,731,797 | €1,722,722 | -€9,075 | -0.5% |
| Tangible fixed assets | 22/27 | €504,814 | €495,739 | -€9,075 | -1.8% |
| Land and buildings | 22 | €489,781 | €477,216 | -€12,565 | -2.6% |
| Plant, machinery and equipment | 23 | - | €2,767 | +€2,767 | |
| Furniture and vehicles | 24 | €4,533 | €3,506 | -€1,027 | -22.7% |
| Other tangible fixed assets | 26 | €10,500 | €12,250 | +€1,750 | +16.7% |
| Financial fixed assets | 28 | €1,226,983 | €1,226,983 | = | 0.0% |
| Current assets | 29/58 | €3,589,363 | €2,657,415 | -€931,948 | -26.0% |
| Amounts receivable within one year | 40/41 | €325,365 | €414,051 | +€88,686 | +27.3% |
| Trade receivables | 40 | €0 | €3,146 | +€3,146 | |
| Other amounts receivable | 41 | €325,365 | €410,905 | +€85,540 | +26.3% |
| Current investments | 50/53 | €3,043,617 | €1,099,574 | -€1.9m | -63.9% |
| Cash at bank and in hand | 54/58 | €218,783 | €1,142,796 | +€924,013 | +422% |
| Deferred charges and accrued income | 490/1 | €1,597 | €994 | -€603 | -37.7% |
| Total equity and liabilities | 10/49 | €5,321,160 | €4,380,137 | -€941,023 | -17.7% |
| Equity | 10/15 | €3,726,761 | €3,866,047 | +€139,286 | +3.7% |
| Contributions | 10/11 | €300,000 | €0 | -€300,000 | -100% |
| Reserves | 13 | €216,500 | €516,500 | +€300,000 | +139% |
| Non-distributable reserves | 130/1 | - | €300,000 | +€300,000 | |
| Own shares acquired | 1312 | - | €300,000 | +€300,000 | |
| Distributable reserves | 133 | €216,500 | €216,500 | = | 0.0% |
| Profit (loss) carried forward | 14 | €3,210,261 | €3,349,547 | +€139,286 | +4.3% |
| Amounts payable | 17/49 | €1,594,399 | €514,090 | -€1.1m | -67.8% |
| Amounts payable after more than one year | 17 | €467,069 | €413,631 | -€53,438 | -11.4% |
| Financial debts | 170/4 | €467,069 | €413,631 | -€53,438 | -11.4% |
| Amounts payable within one year | 42/48 | €1,127,330 | €100,459 | -€1.0m | -91.1% |
| Current portion of amounts payable after more than one year | 42 | €61,749 | €54,581 | -€7,167 | -11.6% |
| Financial debts | 43 | €0 | - | = | |
| Other loans | 439 | €0 | - | = | |
| Trade debts | 44 | €3,138 | €1,512 | -€1,626 | -51.8% |
| Suppliers | 440/4 | €3,138 | €1,512 | -€1,626 | -51.8% |
| Taxes, remuneration and social security | 45 | €186,506 | €6,954 | -€179,552 | -96.3% |
| Taxes | 450/3 | €186,506 | €6,954 | -€179,552 | -96.3% |
| Other amounts payable | 47/48 | €875,937 | €37,411 | -€838,526 | -95.7% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €12,826 | €13,968 | +€1,143 | +8.9% |
| Other operating charges | 640/8 | €1,841 | €2,480 | +€639 | +34.7% |
| Gross operating margin | 9900 | -€160,887 | €66,328 | +€227,215 | |
| Operating profit (loss) | 9901 | -€175,553 | €49,880 | +€225,433 | |
| Financial income | 75/76B | €3,971,687 | €421,274 | -€3.6m | -89.4% |
| Recurring financial income | 75 | €3,971,687 | €421,274 | -€3.6m | -89.4% |
| Financial charges | 65/66B | €17,435 | €31,868 | +€14,434 | +82.8% |
| Recurring financial charges | 65 | €17,435 | €31,868 | +€14,434 | +82.8% |
| Profit (loss) for the period before taxes | 9903 | €3,778,699 | €439,286 | -€3.3m | -88.4% |
| Income taxes | 67/77 | €0 | - | = | |
| Profit (loss) for the period | 9904 | €3,778,699 | €439,286 | -€3.3m | -88.4% |
| Profit (loss) for the period to be appropriated | 9905 | €3,778,699 | €439,286 | -€3.3m | -88.4% |
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 31 October 2026 via checked.be.