CORNELISSENS: 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.
CORNELISSENS
Largest movements
- Tangible fixed assets -€24,158
down €24,158 (-4.8%), from €503,669 to €479,510
- Reserves +€95,742
up €95,742 (+114%), from €83,944 to €179,686
- Tax, wage and social debts -€51,099
down €51,099 (-60.0%), from €85,235 to €34,136
- Debts after one year -€39,137
down €39,137 (-10.1%), from €386,928 to €347,792
- Other debts -€26,211
no longer reported in 2025 (was €26,211)
- Gross operating margin +€31,663
up €31,663 (+21.1%), from €150,236 to €181,898
- Financial charges +€6,935
up €6,935 (+56.5%), from €12,266 to €19,201
- Taxes +€6,636
up €6,636 (+23.7%), from €28,000 to €34,636
- Other operating charges -€3,380
down €3,380 (-13.0%), from €26,045 to €22,665
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 | €620,615 | €601,331 | -€19,284 | -3.1% |
| Fixed assets | 21/28 | €503,669 | €479,510 | -€24,158 | -4.8% |
| Tangible fixed assets | 22/27 | €503,669 | €479,510 | -€24,158 | -4.8% |
| Land and buildings | 22 | €503,669 | €479,510 | -€24,158 | -4.8% |
| Current assets | 29/58 | €116,946 | €121,820 | +€4,874 | +4.2% |
| Amounts receivable within one year | 40/41 | - | €1,516 | +€1,516 | |
| Other amounts receivable | 41 | - | €1,516 | +€1,516 | |
| Cash at bank and in hand | 54/58 | €104,561 | €108,497 | +€3,936 | +3.8% |
| Deferred charges and accrued income | 490/1 | €12,385 | €11,807 | -€578 | -4.7% |
| Total equity and liabilities | 10/49 | €620,615 | €601,331 | -€19,284 | -3.1% |
| Equity | 10/15 | €84,421 | €180,163 | +€95,742 | +113% |
| Contributions | 10/11 | €477 | €477 | = | 0.0% |
| Reserves | 13 | €83,944 | €179,686 | +€95,742 | +114% |
| Distributable reserves | 133 | €83,944 | €179,686 | +€95,742 | +114% |
| Amounts payable | 17/49 | €536,194 | €421,168 | -€115,026 | -21.5% |
| Amounts payable after more than one year | 17 | €386,928 | €347,792 | -€39,137 | -10.1% |
| Financial debts | 170/4 | €386,928 | €347,792 | -€39,137 | -10.1% |
| Amounts payable within one year | 42/48 | €149,265 | €73,376 | -€75,889 | -50.8% |
| Current portion of amounts payable after more than one year | 42 | €37,744 | €39,137 | +€1,393 | +3.7% |
| Trade debts | 44 | €76 | €104 | +€28 | +37.1% |
| Suppliers | 440/4 | €76 | €104 | +€28 | +37.1% |
| Taxes, remuneration and social security | 45 | €85,235 | €34,136 | -€51,099 | -60.0% |
| Taxes | 450/3 | €85,235 | €34,136 | -€51,099 | -60.0% |
| Other amounts payable | 47/48 | €26,211 | - | -€26,211 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €24,351 | €24,158 | -€192 | -0.8% |
| Other operating charges | 640/8 | €26,045 | €22,665 | -€3,380 | -13.0% |
| Gross operating margin | 9900 | €150,236 | €181,898 | +€31,663 | +21.1% |
| Operating profit (loss) | 9901 | €99,840 | €135,075 | +€35,236 | +35.3% |
| Financial charges | 65/66B | €12,266 | €19,201 | +€6,935 | +56.5% |
| Recurring financial charges | 65 | €12,266 | €19,201 | +€6,935 | +56.5% |
| Profit (loss) for the period before taxes | 9903 | €87,574 | €115,875 | +€28,301 | +32.3% |
| Income taxes | 67/77 | €28,000 | €34,636 | +€6,636 | +23.7% |
| Profit (loss) for the period | 9904 | €59,574 | €81,239 | +€21,665 | +36.4% |
| Profit (loss) for the period to be appropriated | 9905 | €59,574 | €81,239 | +€21,665 | +36.4% |
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 15 October 2026 via checked.be.