CORNELIS LUC: what changed
What changed
CORNELIS LUC
NACE 70.200, Business and other management consultancy
filed annual accounts (NBB)
Net result for the year
€64,326
2025 · €48,398+€15,928
Equity
€742,686
2025 · €792,410-€49,724
Cash
€538,079
2025 · €249,335+€288,743
Balance sheet total
€846,827
2025 · €896,878-€50,051
Largest movements
Assets
- Receivables after one year -€300,000
down €300,000 (-100%), from €300,000 to €0
- Cash +€288,743
up €288,743 (+116%), from €249,335 to €538,079
mainly Receivables after one year (+€300,000) and Net result for the year (+€64,326)
- Receivables within one year -€30,061
down €30,061 (-38.7%), from €77,679 to €47,618
of which Other amounts receivable: -€31,362
- Tangible fixed assets -€17,128
down €17,128 (-24.3%), from €70,561 to €53,433
Equity and liabilities
- Reserves -€49,750
down €49,750 (-6.5%), from €768,109 to €718,359
of which Distributable reserves: -€49,750
Income statement
- Financial income +€17,658
up €17,658 (+212%), from €8,344 to €26,001
- Taxes +€9,407
up €9,407 (+46.9%), from €20,049 to €29,456
- Gross operating margin +€8,597
up €8,597 (+10.8%), from €79,652 to €88,249
- Depreciation +€2,862
up €2,862 (+20.1%), from €14,266 to €17,128
Change in the result, 2025 to 2026
For each income-statement line you see the change as its effect on the result. Higher costs lower the result, higher income raises it.
Result 2025
€48,398
Gross operating margin
+€8,597
Depreciation
-€2,862
Other operating charges
-€155
Other operating items
+€1,848
Financial income
+€17,658
Financial charges
+€249
Taxes
-€9,407
Result 2026
€64,326
raises the resultlowers the resultnot broken down further in the accounts
Derived cash bridge
The bridge is derived from the 2025 and 2026 balance sheets and the 2026 result. There is no filed cash-flow statement. You see where the money came from and where it went.
From operations
+€407,515
Investment
-€8,119
Financing
-€110,653
Cash 2025
€249,335
From operations (derived)
+€407,515
Net result for the year
+€64,326
Depreciation
+€17,128
Receivables after one year
+€300,000
Receivables within one year
+€30,061
Deferred charges and accrued income
-€276
Trade debts
-€2,860
Tax, wage and social debts
-€3,266
Other debts
+€1,486
Accrued charges and deferred income
+€916
Investment (derived)
-€8,119
Current investments
-€8,119
Financing
-€110,653
Short-term financial debts
+€3,397
Contributions, distributions and other
-€114,050
Cash 2026
€538,079
brings cash intakes cash out
Every line side by side
| Line | Code | 2025 | 2026 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €896,878 | €846,827 | -€50,051 | -5.6% |
| Fixed assets | 21/28 | €70,610 | €53,482 | -€17,128 | -24.3% |
| Tangible fixed assets | 22/27 | €70,561 | €53,433 | -€17,128 | -24.3% |
| Furniture and vehicles | 24 | €70,561 | €53,433 | -€17,128 | -24.3% |
| Financial fixed assets | 28 | €50 | €50 | = | 0.0% |
| Current assets | 29/58 | €826,267 | €793,345 | -€32,923 | -4.0% |
| Amounts receivable after more than one year | 29 | €300,000 | €0 | -€300,000 | -100% |
| Other amounts receivable | 291 | €300,000 | €0 | -€300,000 | -100% |
| Amounts receivable within one year | 40/41 | €77,679 | €47,618 | -€30,061 | -38.7% |
| Trade receivables | 40 | €31,581 | €32,882 | +€1,301 | +4.1% |
| Other amounts receivable | 41 | €46,098 | €14,736 | -€31,362 | -68.0% |
| Current investments | 50/53 | €196,402 | €204,521 | +€8,119 | +4.1% |
| Cash at bank and in hand | 54/58 | €249,335 | €538,079 | +€288,743 | +116% |
| Deferred charges and accrued income | 490/1 | €2,851 | €3,127 | +€276 | +9.7% |
| Total equity and liabilities | 10/49 | €896,878 | €846,827 | -€50,051 | -5.6% |
| Equity | 10/15 | €792,410 | €742,686 | -€49,724 | -6.3% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €768,109 | €718,359 | -€49,750 | -6.5% |
| Non-distributable reserves | 130/1 | €21,859 | €21,859 | = | 0.0% |
| Other | 1319 | €21,859 | €21,859 | = | 0.0% |
| Distributable reserves | 133 | €746,250 | €696,500 | -€49,750 | -6.7% |
| Profit (loss) carried forward | 14 | €5,701 | €5,727 | +€26 | +0.5% |
| Amounts payable | 17/49 | €104,468 | €104,141 | -€327 | -0.3% |
| Amounts payable within one year | 42/48 | €104,468 | €103,225 | -€1,243 | -1.2% |
| Financial debts | 43 | - | €3,397 | +€3,397 | |
| Credit institutions | 430/8 | - | €3,397 | +€3,397 | |
| Trade debts | 44 | €4,610 | €1,750 | -€2,860 | -62.0% |
| Suppliers | 440/4 | €4,610 | €1,750 | -€2,860 | -62.0% |
| Taxes, remuneration and social security | 45 | €9,267 | €6,002 | -€3,266 | -35.2% |
| Taxes | 450/3 | €9,267 | €6,002 | -€3,266 | -35.2% |
| Other amounts payable | 47/48 | €90,590 | €92,076 | +€1,486 | +1.6% |
| Accrued charges and deferred income | 492/3 | - | €916 | +€916 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €14,266 | €17,128 | +€2,862 | +20.1% |
| Other operating charges | 640/8 | €2,327 | €2,482 | +€155 | +6.7% |
| Non-recurring operating charges | 66A | €1,848 | €0 | -€1,848 | -100% |
| Gross operating margin | 9900 | €79,652 | €88,249 | +€8,597 | +10.8% |
| Operating profit (loss) | 9901 | €61,211 | €68,639 | +€7,428 | +12.1% |
| Financial income | 75/76B | €8,344 | €26,001 | +€17,658 | +212% |
| Recurring financial income | 75 | €8,344 | €26,001 | +€17,658 | +212% |
| Financial charges | 65/66B | €1,107 | €858 | -€249 | -22.5% |
| Recurring financial charges | 65 | €1,107 | €858 | -€249 | -22.5% |
| Profit (loss) for the period before taxes | 9903 | €68,447 | €93,782 | +€25,335 | +37.0% |
| Income taxes | 67/77 | €20,049 | €29,456 | +€9,407 | +46.9% |
| Profit (loss) for the period | 9904 | €48,398 | €64,326 | +€15,928 | +32.9% |
| Profit (loss) for the period to be appropriated | 9905 | €48,398 | €64,326 | +€15,928 | +32.9% |
Next steps
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Calculation and sources
Source: filed annual accounts (NBB), financial years ended 31 March 2025 and 31 March 2026. Green is a favourable move for that line, red an unfavourable one. Prepared on 6 November 2026 via checked.be.