CORNELIUS: what changed
Two fiscal 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.
CORNELIUS
Largest movements
- Cash +€26,600
up €26,600 (+56.2%), from €47,290 to €73,891
mainly Net result for the year (+€90,366) and Receivables within one year (+€6,391)
- Receivables within one year -€6,391
down €6,391 (-19.6%), from €32,601 to €26,210
of which Trade receivables: -€5,748
- Deferred charges and accrued income -€2,089
down €2,089 (-44.9%), from €4,652 to €2,563
- Reserves +€16,771
up €16,771 (+22.8%), from €73,595 to €90,366
- Tax, wage and social debts +€4,266
up €4,266 (+70.2%), from €6,073 to €10,339
- Accrued charges and deferred income -€2,087
down €2,087 (-100.0%), from €2,087 to €0
- Gross operating margin +€23,719
up €23,719 (+26.0%), from €91,202 to €114,921
- Taxes +€6,484
up €6,484 (+32.5%), from €19,942 to €26,426
- Financial income -€2,090
down €2,090 (-44.8%), from €4,662 to €2,572
- Financial charges -€2,089
down €2,089 (-94.5%), from €2,209 to €121
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.
Cash bridge derived
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 | €84,544 | €103,503 | +€18,959 | +22.4% |
| Fixed assets | 21/28 | - | €839 | +€839 | |
| Tangible fixed assets | 22/27 | - | €839 | +€839 | |
| Furniture and vehicles | 24 | - | €839 | +€839 | |
| Current assets | 29/58 | €84,544 | €102,664 | +€18,120 | +21.4% |
| Amounts receivable within one year | 40/41 | €32,601 | €26,210 | -€6,391 | -19.6% |
| Trade receivables | 40 | €6,958 | €1,210 | -€5,748 | -82.6% |
| Other amounts receivable | 41 | €25,644 | €25,000 | -€644 | -2.5% |
| Cash at bank and in hand | 54/58 | €47,290 | €73,891 | +€26,600 | +56.2% |
| Deferred charges and accrued income | 490/1 | €4,652 | €2,563 | -€2,089 | -44.9% |
| Total equity and liabilities | 10/49 | €84,544 | €103,503 | +€18,959 | +22.4% |
| Equity | 10/15 | €73,595 | €90,366 | +€16,771 | +22.8% |
| Reserves | 13 | €73,595 | €90,366 | +€16,771 | +22.8% |
| Distributable reserves | 133 | €73,595 | €90,366 | +€16,771 | +22.8% |
| Profit (loss) carried forward | 14 | - | €0 | = | |
| Amounts payable | 17/49 | €10,949 | €13,137 | +€2,189 | +20.0% |
| Amounts payable within one year | 42/48 | €8,861 | €13,137 | +€4,276 | +48.3% |
| Trade debts | 44 | €2,788 | €2,798 | +€10 | +0.4% |
| Suppliers | 440/4 | €2,788 | €2,798 | +€10 | +0.4% |
| Taxes, remuneration and social security | 45 | €6,073 | €10,339 | +€4,266 | +70.2% |
| Taxes | 450/3 | €6,073 | €10,339 | +€4,266 | +70.2% |
| Accrued charges and deferred income | 492/3 | €2,087 | €0 | -€2,087 | -100.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | - | €61 | +€61 | |
| Other operating charges | 640/8 | €118 | €520 | +€402 | +340.4% |
| Gross operating margin | 9900 | €91,202 | €114,921 | +€23,719 | +26.0% |
| Operating profit (loss) | 9901 | €91,084 | €114,340 | +€23,256 | +25.5% |
| Financial income | 75/76B | €4,662 | €2,572 | -€2,090 | -44.8% |
| Recurring financial income | 75 | €4,662 | €2,572 | -€2,090 | -44.8% |
| Financial charges | 65/66B | €2,209 | €121 | -€2,089 | -94.5% |
| Recurring financial charges | 65 | €2,209 | €121 | -€2,089 | -94.5% |
| Profit (loss) for the period before taxes | 9903 | €93,537 | €116,791 | +€23,254 | +24.9% |
| Income taxes | 67/77 | €19,942 | €26,426 | +€6,484 | +32.5% |
| Profit (loss) for the period | 9904 | €73,595 | €90,366 | +€16,771 | +22.8% |
| Profit (loss) for the period to be appropriated | 9905 | €73,595 | €90,366 | +€16,771 | +22.8% |
Source: filed annual accounts (NBB), fiscal years ended 31 December 2024 and 31 December 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 4 October 2026 via checked.be.