CORNELISSEN: 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.
CORNELISSEN
Largest movements
- Receivables within one year +€20,581
up €20,581 (+42.5%), from €48,465 to €69,046
of which Other amounts receivable: +€20,932
- Tangible fixed assets -€9,291
down €9,291 (-37.2%), from €24,954 to €15,662
- Cash -€4,589
down €4,589 (-51.3%), from €8,939 to €4,350
mainly Receivables within one year (-€20,581) and Tax, wage and social debts (-€5,589)
- Reserves +€10,233
up €10,233 (+24.4%), from €42,004 to €52,236
of which Distributable reserves: +€10,233
- Current portion of long-term debt +€9,554
new in 2025: €9,554
- Tax, wage and social debts -€5,589
down €5,589 (-29.3%), from €19,086 to €13,497
- Short-term financial debts -€5,242
no longer reported in 2025 (was €5,242)
- Trade debts -€2,559
down €2,559 (-41.7%), from €6,133 to €3,574
- Gross operating margin -€12,833
down €12,833 (-32.0%), from €40,153 to €27,320
- Taxes -€6,271
down €6,271 (-56.2%), from €11,153 to €4,882
- Depreciation +€2,720
up €2,720 (+41.4%), from €6,571 to €9,291
- Financial charges +€583
up €583 (+65.2%), from €894 to €1,476
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 | €182,358 | €190,850 | +€8,493 | +4.7% |
| Fixed assets | 21/28 | €24,954 | €15,662 | -€9,291 | -37.2% |
| Tangible fixed assets | 22/27 | €24,954 | €15,662 | -€9,291 | -37.2% |
| Furniture and vehicles | 24 | €24,954 | €15,662 | -€9,291 | -37.2% |
| Current assets | 29/58 | €157,404 | €175,188 | +€17,784 | +11.3% |
| Stocks and contracts in progress | 3 | €100,000 | €100,000 | = | 0.0% |
| Stocks | 30/36 | €100,000 | €100,000 | = | 0.0% |
| Amounts receivable within one year | 40/41 | €48,465 | €69,046 | +€20,581 | +42.5% |
| Trade receivables | 40 | €5,881 | €5,531 | -€350 | -6.0% |
| Other amounts receivable | 41 | €42,584 | €63,516 | +€20,932 | +49.2% |
| Cash at bank and in hand | 54/58 | €8,939 | €4,350 | -€4,589 | -51.3% |
| Deferred charges and accrued income | 490/1 | - | €1,792 | +€1,792 | |
| Total equity and liabilities | 10/49 | €182,358 | €190,850 | +€8,493 | +4.7% |
| Equity | 10/15 | €136,839 | €147,072 | +€10,233 | +7.5% |
| Contributions | 10/11 | €61,500 | €61,500 | = | 0.0% |
| Capital | 10 | €61,500 | €61,500 | = | 0.0% |
| Issued capital | 100 | €61,500 | €61,500 | = | 0.0% |
| Reserves | 13 | €42,004 | €52,236 | +€10,233 | +24.4% |
| Non-distributable reserves | 130/1 | €6,150 | €6,150 | = | 0.0% |
| Legal reserve | 130 | €6,150 | €6,150 | = | 0.0% |
| Distributable reserves | 133 | €35,854 | €46,086 | +€10,233 | +28.5% |
| Profit (loss) carried forward | 14 | €33,336 | €33,336 | = | 0.0% |
| Amounts payable | 17/49 | €45,518 | €43,778 | -€1,740 | -3.8% |
| Amounts payable after more than one year | 17 | €15,058 | €17,154 | +€2,097 | +13.9% |
| Financial debts | 170/4 | €15,058 | €17,154 | +€2,097 | +13.9% |
| Amounts payable within one year | 42/48 | €30,461 | €26,624 | -€3,837 | -12.6% |
| Current portion of amounts payable after more than one year | 42 | - | €9,554 | +€9,554 | |
| Financial debts | 43 | €5,242 | - | -€5,242 | |
| Credit institutions | 430/8 | €5,242 | - | -€5,242 | |
| Trade debts | 44 | €6,133 | €3,574 | -€2,559 | -41.7% |
| Suppliers | 440/4 | €6,133 | €3,574 | -€2,559 | -41.7% |
| Taxes, remuneration and social security | 45 | €19,086 | €13,497 | -€5,589 | -29.3% |
| Taxes | 450/3 | €19,086 | €13,497 | -€5,589 | -29.3% |
| Other amounts payable | 47/48 | - | €0 | = | |
| Non-recurring operating income | 76A | €453 | - | -€453 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €6,571 | €9,291 | +€2,720 | +41.4% |
| Other operating charges | 640/8 | €1,402 | €1,438 | +€36 | +2.6% |
| Gross operating margin | 9900 | €40,153 | €27,320 | -€12,833 | -32.0% |
| Operating profit (loss) | 9901 | €32,180 | €16,591 | -€15,589 | -48.4% |
| Financial income | 75/76B | - | €0 | = | |
| Recurring financial income | 75 | - | €0 | = | |
| Non-recurring financial income | 76B | - | €0 | = | |
| Financial charges | 65/66B | €894 | €1,476 | +€583 | +65.2% |
| Recurring financial charges | 65 | €894 | €1,476 | +€583 | +65.2% |
| Profit (loss) for the period before taxes | 9903 | €31,286 | €15,115 | -€16,171 | -51.7% |
| Income taxes | 67/77 | €11,153 | €4,882 | -€6,271 | -56.2% |
| Profit (loss) for the period | 9904 | €20,133 | €10,233 | -€9,900 | -49.2% |
| Profit (loss) for the period to be appropriated | 9905 | €20,133 | €10,233 | -€9,900 | -49.2% |
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 13 October 2026 via checked.be.