Cornelis Sadri: what changed
What changed
Cornelis Sadri
NACE 43.910, Bricklaying and masonry work
filed annual accounts (NBB)
Net result for the year
-€7,461
2024 · -€18,913+€11,453
Equity
€59,666
2024 · €67,126-€7,461
Cash
€5,631
2024 · €9,273-€3,642
Balance sheet total
€150,901
2024 · €132,732+€18,169
Largest movements
Assets
- Tangible fixed assets +€15,770
up €15,770 (+14.8%), from €106,453 to €122,223
of which Furniture and vehicles: +€32,225
- Receivables within one year +€4,287
up €4,287 (+28.8%), from €14,891 to €19,178
of which Trade receivables: +€3,993
- Cash -€3,642
down €3,642 (-39.3%), from €9,273 to €5,631
mainly Investment in fixed assets (net) (-€57,465) and Net result for the year (-€7,461)
Equity and liabilities
- Debts after one year +€26,033
up €26,033 (+97.0%), from €26,842 to €52,876
- Reserves -€4,275
down €4,275 (-6.2%), from €69,364 to €65,089
of which Tax-exempt reserves: -€4,275
- Profit (loss) carried forward -€3,185
down €3,185 (-21.8%), from -€14,638 to -€17,823
- Current portion of long-term debt +€2,105
up €2,105 (+12.2%), from €17,251 to €19,356
Income statement
- Gross operating margin +€19,897
up €19,897 (+102%), from €19,437 to €39,334
- Depreciation +€6,408
up €6,408 (+18.2%), from €35,288 to €41,696
- Financial charges +€962
up €962 (+36.6%), from €2,630 to €3,592
Change in the result, 2024 to 2025
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 2024
-€18,913
Gross operating margin
+€19,897
Depreciation
-€6,408
Other operating charges
-€108
Other operating items
-€856
Financial income
-€101
Financial charges
-€962
Taxes
-€9
Result 2025
-€7,461
raises the resultlowers the resultnot broken down further in the accounts
Derived cash bridge
The bridge is derived from the 2024 and 2025 balance sheets and the 2025 result. There is no filed cash-flow statement. You see where the money came from and where it went.
From operations
+€26,676
Investment
-€58,456
Financing
+€28,138
Cash 2024
€9,273
From operations (derived)
+€26,676
Net result for the year
-€7,461
Depreciation
+€41,696
Receivables within one year
-€4,287
Deferred charges and accrued income
-€763
Provisions
-€1,069
Trade debts
-€1,383
Other debts
-€57
Investment (derived)
-€58,456
Investment in fixed assets (net)
-€57,465
Current investments
-€991
Financing
+€28,138
Debts after one year
+€26,033
Current portion of long-term debt
+€2,105
Cash 2025
€5,631
brings cash intakes cash out
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €132,732 | €150,901 | +€18,169 | +13.7% |
| Fixed assets | 21/28 | €106,453 | €122,223 | +€15,770 | +14.8% |
| Tangible fixed assets | 22/27 | €106,453 | €122,223 | +€15,770 | +14.8% |
| Plant, machinery and equipment | 23 | €41,104 | €24,648 | -€16,456 | -40.0% |
| Furniture and vehicles | 24 | €65,349 | €97,575 | +€32,225 | +49.3% |
| Current assets | 29/58 | €26,279 | €28,678 | +€2,399 | +9.1% |
| Amounts receivable within one year | 40/41 | €14,891 | €19,178 | +€4,287 | +28.8% |
| Trade receivables | 40 | €6,250 | €10,243 | +€3,993 | +63.9% |
| Other amounts receivable | 41 | €8,641 | €8,935 | +€295 | +3.4% |
| Current investments | 50/53 | €11 | €1,002 | +€991 | +9,001% |
| Cash at bank and in hand | 54/58 | €9,273 | €5,631 | -€3,642 | -39.3% |
| Deferred charges and accrued income | 490/1 | €2,105 | €2,868 | +€763 | +36.3% |
| Total equity and liabilities | 10/49 | €132,732 | €150,901 | +€18,169 | +13.7% |
| Equity | 10/15 | €67,126 | €59,666 | -€7,461 | -11.1% |
| Contributions | 10/11 | €12,400 | €12,400 | = | 0.0% |
| Reserves | 13 | €69,364 | €65,089 | -€4,275 | -6.2% |
| Tax-exempt reserves | 132 | €14,805 | €10,530 | -€4,275 | -28.9% |
| Distributable reserves | 133 | €54,559 | €54,559 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€14,638 | -€17,823 | -€3,185 | -21.8% |
| Provisions and deferred taxes | 16 | €3,701 | €2,632 | -€1,069 | -28.9% |
| Deferred taxes | 168 | €3,701 | €2,632 | -€1,069 | -28.9% |
| Amounts payable | 17/49 | €61,905 | €88,603 | +€26,698 | +43.1% |
| Amounts payable after more than one year | 17 | €26,842 | €52,876 | +€26,033 | +97.0% |
| Financial debts | 170/4 | €26,842 | €52,876 | +€26,033 | +97.0% |
| Amounts payable within one year | 42/48 | €35,063 | €35,727 | +€665 | +1.9% |
| Current portion of amounts payable after more than one year | 42 | €17,251 | €19,356 | +€2,105 | +12.2% |
| Trade debts | 44 | €2,358 | €976 | -€1,383 | -58.6% |
| Suppliers | 440/4 | €2,358 | €976 | -€1,383 | -58.6% |
| Taxes, remuneration and social security | 45 | €800 | €800 | = | 0.0% |
| Taxes | 450/3 | €800 | €800 | = | 0.0% |
| Other amounts payable | 47/48 | €14,653 | €14,596 | -€57 | -0.4% |
| Accrued charges and deferred income | 492/3 | €0 | - | = | |
| Non-recurring operating income | 76A | €0 | - | = | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €35,288 | €41,696 | +€6,408 | +18.2% |
| Other operating charges | 640/8 | €1,484 | €1,592 | +€108 | +7.3% |
| Non-recurring operating charges | 66A | - | €856 | +€856 | |
| Gross operating margin | 9900 | €19,437 | €39,334 | +€19,897 | +102% |
| Operating profit (loss) | 9901 | -€17,335 | -€4,810 | +€12,525 | +72.3% |
| Financial income | 75/76B | €105 | €4 | -€101 | -95.8% |
| Recurring financial income | 75 | €105 | €4 | -€101 | -95.8% |
| Financial charges | 65/66B | €2,630 | €3,592 | +€962 | +36.6% |
| Recurring financial charges | 65 | €2,630 | €3,592 | +€962 | +36.6% |
| Profit (loss) for the period before taxes | 9903 | -€19,859 | -€8,397 | +€11,462 | +57.7% |
| Transfer from deferred taxes | 780 | €1,069 | €1,069 | = | 0.0% |
| Transfer to deferred taxes | 680 | €0 | - | = | |
| Income taxes | 67/77 | €123 | €132 | +€9 | +7.4% |
| Profit (loss) for the period | 9904 | -€18,913 | -€7,461 | +€11,453 | +60.6% |
| Transfer from tax-exempt reserves | 789 | €4,275 | €4,275 | = | 0.0% |
| Transfer to tax-exempt reserves | 689 | €0 | - | = | |
| Profit (loss) for the period to be appropriated | 9905 | -€14,638 | -€3,185 | +€11,453 | +78.2% |
Next steps
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Calculation and sources
Source: filed annual accounts (NBB), financial years ended 31 December 2024 and 31 December 2025. Green is a favourable move for that line, red an unfavourable one. Prepared on 5 November 2026 via checked.be.