CORNELIS MANAGEMENT: 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.
What changed
CORNELIS MANAGEMENT
NACE 70.200, Business and other management consultancy
financial year 31-12-2025 compared with 31-12-2024filed annual accounts (NBB)
Net result for the year
€202,106
31-12-2024 · €255,432-€53,327
Equity
€1.8m
31-12-2024 · €1.8m-€65,894
Cash
€197
31-12-2024 · €261-€64
Balance sheet total
€2.4m
31-12-2024 · €2.3m+€37,120
Largest movements
Assets
- Receivables within one year +€87,526
up €87,526 (+45.3%), from €193,005 to €280,531
- Receivables after one year -€31,407
down €31,407 (-3.2%), from €966,407 to €935,000
of which Trade receivables: -€31,407
Equity and liabilities
- Profit (loss) carried forward -€268,000
down €268,000 (-25.9%), from €1.0m to €766,825
- Reserves +€202,106
up €202,106 (+25.1%), from €805,582 to €1.0m
- Other debts +€143,346
up €143,346 (+105%), from €136,000 to €279,346
- Debts after one year -€53,609
down €53,609 (-30.0%), from €178,821 to €125,212
Income statement
- Financial income -€135,953
down €135,953 (-82.9%), from €164,003 to €28,050
- Gross operating margin +€62,304
up €62,304 (+25.5%), from €244,223 to €306,527
- Depreciation +€22,972
up €22,972 (+172%), from €13,346 to €36,317
From the 31-12-2024 result to the 31-12-2025 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.
Result 31-12-2024
€255,432
Gross operating margin
+€62,304
Depreciation
-€22,972
Other operating charges
+€155
Other operating items
+€45,099
Financial income
-€135,953
Financial charges
-€1,758
Taxes
-€202
Result 31-12-2025
€202,106
raises the resultlowers the resultnot broken down further in the accounts
Derived cash bridge
Derived from the 31-12-2024 and 31-12-2025 balance sheets and the 31-12-2025 result: not a filed cash-flow statement. It shows where the money came from and went.
From operations
+€336,757
Investment
-€17,383
Financing
-€319,438
Cash 31-12-2024
€261
From operations (derived)
+€336,757
Net result for the year
+€202,106
Depreciation
+€36,317
Receivables after one year
+€31,407
Receivables within one year
-€87,526
Trade debts
+€11,261
Smaller working-capital items
-€154
Other debts
+€143,346
Investment (derived)
-€17,383
Investment in fixed assets (net)
-€17,383
Financing
-€319,438
Debts after one year
-€53,609
Current portion of long-term debt
+€2,171
Contributions, distributions and other
-€268,000
Cash 31-12-2025
€197
brings cash intakes cash out
Every line side by side
| Line | Code | 31-12-2024 | 31-12-2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €2,346,734 | €2,383,853 | +€37,120 | +1.6% |
| Fixed assets | 21/28 | €1,187,060 | €1,168,126 | -€18,934 | -1.6% |
| Tangible fixed assets | 22/27 | €158,232 | €139,298 | -€18,934 | -12.0% |
| Land and buildings | 22 | €14,350 | €12,530 | -€1,819 | -12.7% |
| Plant, machinery and equipment | 23 | €146 | €1,901 | +€1,755 | +1,203% |
| Furniture and vehicles | 24 | €143,737 | €124,867 | -€18,870 | -13.1% |
| Financial fixed assets | 28 | €1,028,828 | €1,028,828 | = | 0.0% |
| Current assets | 29/58 | €1,159,673 | €1,215,727 | +€56,054 | +4.8% |
| Amounts receivable after more than one year | 29 | €966,407 | €935,000 | -€31,407 | -3.2% |
| Trade receivables | 290 | €31,407 | €0 | -€31,407 | -100% |
| Other amounts receivable | 291 | €935,000 | €935,000 | = | 0.0% |
| Amounts receivable within one year | 40/41 | €193,005 | €280,531 | +€87,526 | +45.3% |
| Other amounts receivable | 41 | €193,005 | €280,531 | +€87,526 | +45.3% |
| Cash at bank and in hand | 54/58 | €261 | €197 | -€64 | -24.6% |
| Total equity and liabilities | 10/49 | €2,346,734 | €2,383,853 | +€37,120 | +1.6% |
| Equity | 10/15 | €1,846,607 | €1,780,712 | -€65,894 | -3.6% |
| Contributions | 10/11 | €6,200 | €6,200 | = | 0.0% |
| Reserves | 13 | €805,582 | €1,007,687 | +€202,106 | +25.1% |
| Distributable reserves | 133 | €805,582 | €1,007,687 | +€202,106 | +25.1% |
| Profit (loss) carried forward | 14 | €1,034,825 | €766,825 | -€268,000 | -25.9% |
| Amounts payable | 17/49 | €500,127 | €603,141 | +€103,014 | +20.6% |
| Amounts payable after more than one year | 17 | €178,821 | €125,212 | -€53,609 | -30.0% |
| Financial debts | 170/4 | €178,821 | €125,212 | -€53,609 | -30.0% |
| Amounts payable within one year | 42/48 | €321,306 | €477,882 | +€156,576 | +48.7% |
| Current portion of amounts payable after more than one year | 42 | €51,438 | €53,609 | +€2,171 | +4.2% |
| Trade debts | 44 | €46,185 | €57,446 | +€11,261 | +24.4% |
| Suppliers | 440/4 | €46,185 | €57,446 | +€11,261 | +24.4% |
| Taxes, remuneration and social security | 45 | €87,683 | €87,481 | -€201 | -0.2% |
| Taxes | 450/3 | €87,683 | €87,481 | -€201 | -0.2% |
| Other amounts payable | 47/48 | €136,000 | €279,346 | +€143,346 | +105% |
| Accrued charges and deferred income | 492/3 | - | €47 | +€47 | |
| Non-recurring operating income | 76A | €2,990 | €0 | -€2,990 | -100% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €13,346 | €36,317 | +€22,972 | +172% |
| Other operating charges | 640/8 | €2,356 | €2,201 | -€155 | -6.6% |
| Non-recurring operating charges | 66A | €45,099 | €0 | -€45,099 | -100% |
| Gross operating margin | 9900 | €244,223 | €306,527 | +€62,304 | +25.5% |
| Operating profit (loss) | 9901 | €183,423 | €268,009 | +€84,586 | +46.1% |
| Financial income | 75/76B | €164,003 | €28,050 | -€135,953 | -82.9% |
| Recurring financial income | 75 | €164,003 | €28,050 | -€135,953 | -82.9% |
| Financial charges | 65/66B | €8,297 | €10,055 | +€1,758 | +21.2% |
| Recurring financial charges | 65 | €8,297 | €10,055 | +€1,758 | +21.2% |
| Profit (loss) for the period before taxes | 9903 | €339,128 | €286,004 | -€53,124 | -15.7% |
| Income taxes | 67/77 | €83,696 | €83,898 | +€202 | +0.2% |
| Profit (loss) for the period | 9904 | €255,432 | €202,106 | -€53,327 | -20.9% |
| Profit (loss) for the period to be appropriated | 9905 | €255,432 | €202,106 | -€53,327 | -20.9% |
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 19 October 2026 via checked.be.