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
- Cash +€72,504
up €72,504 (+57.6%), from €125,886 to €198,390
mainly Receivables within one year (+€64,040) and Net result for the year (+€30,242)
- Receivables within one year -€64,040
down €64,040 (-40.9%), from €156,698 to €92,658
of which Trade receivables: -€58,140
- Tangible fixed assets +€23,480
up €23,480 (+119%), from €19,803 to €43,283
of which Furniture and vehicles: +€24,880
- Reserves +€30,242
up €30,242 (+21.9%), from €137,959 to €168,202
of which Distributable reserves: +€30,242
- Tax, wage and social debts +€12,715
up €12,715 (+50.9%), from €24,979 to €37,695
of which Taxes: +€12,715
- Debts after one year -€6,107
down €6,107 (-85.6%), from €7,131 to €1,024
- Other debts -€5,593
down €5,593 (-6.7%), from €83,800 to €78,207
- Gross operating margin -€6,263
down €6,263 (-8.7%), from €72,171 to €65,908
- Staff costs -€4,123
down €4,123 (-87.9%), from €4,691 to €568
- Depreciation +€2,951
up €2,951 (+25.5%), from €11,559 to €14,510
- Other operating charges -€1,584
down €1,584 (-33.9%), from €4,676 to €3,092
- Financial income +€753
up €753 (+193%), from €390 to €1,143
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 | €329,003 | €361,491 | +€32,488 | +9.9% |
| Fixed assets | 21/28 | €19,803 | €43,283 | +€23,480 | +119% |
| Tangible fixed assets | 22/27 | €19,803 | €43,283 | +€23,480 | +119% |
| Plant, machinery and equipment | 23 | €3,494 | €2,094 | -€1,400 | -40.1% |
| Furniture and vehicles | 24 | €16,309 | €41,189 | +€24,880 | +153% |
| Current assets | 29/58 | €309,200 | €318,208 | +€9,008 | +2.9% |
| Stocks and contracts in progress | 3 | €25,000 | €22,365 | -€2,635 | -10.5% |
| Stocks | 30/36 | €25,000 | €22,365 | -€2,635 | -10.5% |
| Amounts receivable within one year | 40/41 | €156,698 | €92,658 | -€64,040 | -40.9% |
| Trade receivables | 40 | €68,251 | €10,111 | -€58,140 | -85.2% |
| Other amounts receivable | 41 | €88,447 | €82,547 | -€5,900 | -6.7% |
| Cash at bank and in hand | 54/58 | €125,886 | €198,390 | +€72,504 | +57.6% |
| Deferred charges and accrued income | 490/1 | €1,616 | €4,796 | +€3,179 | +197% |
| Total equity and liabilities | 10/49 | €329,003 | €361,491 | +€32,488 | +9.9% |
| Equity | 10/15 | €150,359 | €180,602 | +€30,242 | +20.1% |
| Contributions | 10/11 | €12,400 | €12,400 | = | 0.0% |
| Reserves | 13 | €137,959 | €168,202 | +€30,242 | +21.9% |
| Non-distributable reserves | 130/1 | €1,855 | €1,855 | = | 0.0% |
| Reserves not available under the articles | 1311 | €1,855 | €1,855 | = | 0.0% |
| Distributable reserves | 133 | €136,104 | €166,347 | +€30,242 | +22.2% |
| Amounts payable | 17/49 | €178,644 | €180,889 | +€2,246 | +1.3% |
| Amounts payable after more than one year | 17 | €7,131 | €1,024 | -€6,107 | -85.6% |
| Financial debts | 170/4 | €7,131 | €1,024 | -€6,107 | -85.6% |
| Amounts payable within one year | 42/48 | €171,513 | €179,865 | +€8,353 | +4.9% |
| Current portion of amounts payable after more than one year | 42 | €6,048 | €6,107 | +€59 | +1.0% |
| Trade debts | 44 | €56,685 | €57,857 | +€1,171 | +2.1% |
| Suppliers | 440/4 | €56,685 | €57,857 | +€1,171 | +2.1% |
| Taxes, remuneration and social security | 45 | €24,979 | €37,695 | +€12,715 | +50.9% |
| Taxes | 450/3 | €23,757 | €36,472 | +€12,715 | +53.5% |
| Remuneration and social security | 454/9 | €1,223 | €1,223 | = | 0.0% |
| Other amounts payable | 47/48 | €83,800 | €78,207 | -€5,593 | -6.7% |
| Non-recurring operating income | 76A | - | €1,653 | +€1,653 | |
| Remuneration, social security and pensions | 62 | €4,691 | €568 | -€4,123 | -87.9% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €11,559 | €14,510 | +€2,951 | +25.5% |
| Other operating charges | 640/8 | €4,676 | €3,092 | -€1,584 | -33.9% |
| Gross operating margin | 9900 | €72,171 | €65,908 | -€6,263 | -8.7% |
| Operating profit (loss) | 9901 | €51,245 | €47,738 | -€3,506 | -6.8% |
| Financial income | 75/76B | €390 | €1,143 | +€753 | +193% |
| Recurring financial income | 75 | €390 | €1,143 | +€753 | +193% |
| Financial charges | 65/66B | €746 | €540 | -€206 | -27.6% |
| Recurring financial charges | 65 | €746 | €540 | -€206 | -27.6% |
| Profit (loss) for the period before taxes | 9903 | €50,888 | €48,341 | -€2,547 | -5.0% |
| Income taxes | 67/77 | €18,727 | €18,099 | -€628 | -3.4% |
| Profit (loss) for the period | 9904 | €32,161 | €30,242 | -€1,919 | -6.0% |
| Profit (loss) for the period to be appropriated | 9905 | €32,161 | €30,242 | -€1,919 | -6.0% |
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 20 October 2026 via checked.be.