Cornelis Heating: 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 Heating
Largest movements
- Cash -€26,982
down €26,982 (-5.4%), from €496,729 to €469,747
mainly Tax, wage and social debts (-€107,816) and Trade debts (-€78,607)
- Receivables within one year -€25,467
down €25,467 (-8.5%), from €298,218 to €272,751
of which Trade receivables: -€23,309
- Stocks and contracts -€11,893
down €11,893 (-14.8%), from €80,537 to €68,644
- Reserves +€122,000
up €122,000 (+23.3%), from €522,500 to €644,500
of which Distributable reserves: +€122,000
- Tax, wage and social debts -€107,816
down €107,816 (-96.6%), from €111,647 to €3,831
- Trade debts -€78,607
down €78,607 (-47.3%), from €166,260 to €87,653
- Gross operating margin +€24,685
up €24,685 (+25.1%), from €98,222 to €122,907
- Financial income -€7,193
down €7,193 (-100.0%), from €7,194 to €1
- Write-downs -€1,543
down €1,543, from €772 to -€772
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 | €875,484 | €811,142 | -€64,342 | -7.3% |
| Current assets | 29/58 | €875,484 | €811,142 | -€64,342 | -7.3% |
| Stocks and contracts in progress | 3 | €80,537 | €68,644 | -€11,893 | -14.8% |
| Stocks | 30/36 | €80,537 | €68,644 | -€11,893 | -14.8% |
| Amounts receivable within one year | 40/41 | €298,218 | €272,751 | -€25,467 | -8.5% |
| Trade receivables | 40 | €276,059 | €252,751 | -€23,309 | -8.4% |
| Other amounts receivable | 41 | €22,158 | €20,000 | -€2,158 | -9.7% |
| Current investments | 50/53 | €0 | - | = | |
| Cash at bank and in hand | 54/58 | €496,729 | €469,747 | -€26,982 | -5.4% |
| Total equity and liabilities | 10/49 | €875,484 | €811,142 | -€64,342 | -7.3% |
| Equity | 10/15 | €597,542 | €719,623 | +€122,081 | +20.4% |
| Contributions | 10/11 | €75,000 | €75,000 | = | 0.0% |
| Capital | 10 | €75,000 | €75,000 | = | 0.0% |
| Issued capital | 100 | €75,000 | €75,000 | = | 0.0% |
| Reserves | 13 | €522,500 | €644,500 | +€122,000 | +23.3% |
| Non-distributable reserves | 130/1 | €7,500 | €7,500 | = | 0.0% |
| Legal reserve | 130 | €7,500 | €7,500 | = | 0.0% |
| Distributable reserves | 133 | €515,000 | €637,000 | +€122,000 | +23.7% |
| Profit (loss) carried forward | 14 | €42 | €123 | +€81 | +194% |
| Amounts payable | 17/49 | €277,942 | €91,519 | -€186,423 | -67.1% |
| Amounts payable within one year | 42/48 | €277,907 | €91,484 | -€186,423 | -67.1% |
| Trade debts | 44 | €166,260 | €87,653 | -€78,607 | -47.3% |
| Suppliers | 440/4 | €166,260 | €87,653 | -€78,607 | -47.3% |
| Taxes, remuneration and social security | 45 | €111,647 | €3,831 | -€107,816 | -96.6% |
| Taxes | 450/3 | €111,647 | €3,831 | -€107,816 | -96.6% |
| Accrued charges and deferred income | 492/3 | €35 | €35 | = | 0.0% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | €772 | -€772 | -€1,543 | |
| Other operating charges | 640/8 | €968 | €998 | +€31 | +3.2% |
| Non-recurring operating charges | 66A | €332,882 | €0 | -€332,882 | -100% |
| Gross operating margin | 9900 | €98,222 | €122,907 | +€24,685 | +25.1% |
| Operating profit (loss) | 9901 | -€236,400 | €122,680 | +€359,079 | |
| Financial income | 75/76B | €7,194 | €1 | -€7,193 | -100.0% |
| Recurring financial income | 75 | €7,194 | €1 | -€7,193 | -100.0% |
| Financial charges | 65/66B | €703 | €600 | -€104 | -14.7% |
| Recurring financial charges | 65 | €703 | €600 | -€104 | -14.7% |
| Profit (loss) for the period before taxes | 9903 | -€229,909 | €122,081 | +€351,990 | |
| Income taxes | 67/77 | €0 | - | = | |
| Profit (loss) for the period | 9904 | -€229,909 | €122,081 | +€351,990 | |
| Profit (loss) for the period to be appropriated | 9905 | -€229,909 | €122,081 | +€351,990 |
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 18 October 2026 via checked.be.