CORNELIS PROJECTS: 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 PROJECTS
Largest movements
- Cash +€272,271
up €272,271 (+140%), from €194,382 to €466,653
mainly Other debts (+€449,080) and Short-term financial debts (+€193,750)
- Stocks and contracts +€202,000
up €202,000 (+17.2%), from €1.2m to €1.4m
- Deferred charges and accrued income +€34,914
up €34,914 (+965%), from €3,617 to €38,531
- Other debts +€449,080
up €449,080 (+110%), from €408,331 to €857,411
- Trade debts -€208,956
down €208,956 (-27.2%), from €768,702 to €559,747
- Short-term financial debts +€193,750
new in 2025: €193,750
- Advances received +€39,086
new in 2025: €39,086
- Staff costs -€9,529
down €9,529 (-4.7%), from €203,529 to €194,000
- Financial charges +€6,427
up €6,427 (+56.3%), from €11,411 to €17,838
- Gross operating margin +€5,774
up €5,774 (+2.3%), from €249,555 to €255,329
- Taxes +€4,403
up €4,403 (+114%), from €3,847 to €8,249
- Other operating charges -€2,704
down €2,704 (-57.2%), from €4,726 to €2,022
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 | €1,605,070 | €2,087,069 | +€481,998 | +30.0% |
| Fixed assets | 21/28 | €58,370 | €42,578 | -€15,793 | -27.1% |
| Tangible fixed assets | 22/27 | €58,370 | €42,578 | -€15,793 | -27.1% |
| Furniture and vehicles | 24 | €58,370 | €42,578 | -€15,793 | -27.1% |
| Current assets | 29/58 | €1,546,700 | €2,044,491 | +€497,791 | +32.2% |
| Stocks and contracts in progress | 3 | €1,173,000 | €1,375,000 | +€202,000 | +17.2% |
| Contracts in progress | 37 | €1,173,000 | €1,375,000 | +€202,000 | +17.2% |
| Amounts receivable within one year | 40/41 | €175,701 | €164,306 | -€11,395 | -6.5% |
| Trade receivables | 40 | €14,133 | €1,650 | -€12,483 | -88.3% |
| Other amounts receivable | 41 | €161,568 | €162,657 | +€1,089 | +0.7% |
| Cash at bank and in hand | 54/58 | €194,382 | €466,653 | +€272,271 | +140% |
| Deferred charges and accrued income | 490/1 | €3,617 | €38,531 | +€34,914 | +965% |
| Total equity and liabilities | 10/49 | €1,605,070 | €2,087,069 | +€481,998 | +30.0% |
| Equity | 10/15 | €362,743 | €383,113 | +€20,370 | +5.6% |
| Contributions | 10/11 | €250,000 | €250,000 | = | 0.0% |
| Capital | 10 | €250,000 | €250,000 | = | 0.0% |
| Issued capital | 100 | €250,000 | €250,000 | = | 0.0% |
| Reserves | 13 | €112,743 | €133,113 | +€20,370 | +18.1% |
| Non-distributable reserves | 130/1 | €25,000 | €25,000 | = | 0.0% |
| Legal reserve | 130 | €25,000 | €25,000 | = | 0.0% |
| Distributable reserves | 133 | €87,743 | €108,113 | +€20,370 | +23.2% |
| Amounts payable | 17/49 | €1,242,328 | €1,703,956 | +€461,628 | +37.2% |
| Amounts payable after more than one year | 17 | €40,203 | €28,397 | -€11,805 | -29.4% |
| Financial debts | 170/4 | €40,203 | €28,397 | -€11,805 | -29.4% |
| Amounts payable within one year | 42/48 | €1,202,125 | €1,675,559 | +€473,434 | +39.4% |
| Current portion of amounts payable after more than one year | 42 | €11,332 | €17,639 | +€6,307 | +55.7% |
| Financial debts | 43 | - | €193,750 | +€193,750 | |
| Credit institutions | 430/8 | - | €193,750 | +€193,750 | |
| Trade debts | 44 | €768,702 | €559,747 | -€208,956 | -27.2% |
| Suppliers | 440/4 | €768,702 | €559,747 | -€208,956 | -27.2% |
| Advances received on contracts in progress | 46 | - | €39,086 | +€39,086 | |
| Taxes, remuneration and social security | 45 | €13,759 | €7,927 | -€5,833 | -42.4% |
| Taxes | 450/3 | €3,853 | €91 | -€3,762 | -97.6% |
| Remuneration and social security | 454/9 | €9,906 | €7,836 | -€2,070 | -20.9% |
| Other amounts payable | 47/48 | €408,331 | €857,411 | +€449,080 | +110% |
| Remuneration, social security and pensions | 62 | €203,529 | €194,000 | -€9,529 | -4.7% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €13,377 | €15,793 | +€2,415 | +18.1% |
| Other operating charges | 640/8 | €4,726 | €2,022 | -€2,704 | -57.2% |
| Gross operating margin | 9900 | €249,555 | €255,329 | +€5,774 | +2.3% |
| Operating profit (loss) | 9901 | €27,923 | €43,514 | +€15,592 | +55.8% |
| Financial income | 75/76B | €366 | €2,942 | +€2,577 | +705% |
| Recurring financial income | 75 | €366 | €2,942 | +€2,577 | +705% |
| Financial charges | 65/66B | €11,411 | €17,838 | +€6,427 | +56.3% |
| Recurring financial charges | 65 | €11,411 | €17,838 | +€6,427 | +56.3% |
| Profit (loss) for the period before taxes | 9903 | €16,877 | €28,619 | +€11,742 | +69.6% |
| Income taxes | 67/77 | €3,847 | €8,249 | +€4,403 | +114% |
| Profit (loss) for the period | 9904 | €13,031 | €20,370 | +€7,339 | +56.3% |
| Profit (loss) for the period to be appropriated | 9905 | €13,031 | €20,370 | +€7,339 | +56.3% |
Source: filed annual accounts (NBB), financial years ended 30 June 2024 and 30 June 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 14 October 2026 via checked.be.