CORNELIUS DERAVE: 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 DERAVE
Largest movements
- Cash +€107,481
up €107,481 (+280.3%), from €38,348 to €145,828
mainly Net result for the year (+€94,293) and Current investments (+€45,000)
- Current investments -€45,000
no longer reported in 2025 (was €45,000)
- Deferred charges and accrued income +€19,440
up €19,440 (+240.3%), from €8,088 to €27,528
- Tangible fixed assets +€9,250
up €9,250 (+27.4%), from €33,770 to €43,020
- Receivables within one year +€6,496
up €6,496 (+91.6%), from €7,094 to €13,590
- Profit (loss) carried forward +€94,293
new in 2025: €94,293
- Other debts +€8,017
up €8,017 (+86.5%), from €9,272 to €17,289
- Tax, wage and social debts -€6,356
down €6,356 (-72.8%), from €8,731 to €2,375
- Gross operating margin +€109,821
up €109,821 (+411.8%), from €26,671 to €136,492
- Taxes +€21,716
up €21,716 (+542.0%), from €4,006 to €25,722
- Depreciation +€7,520
up €7,520 (+120.7%), from €6,229 to €13,750
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 | €132,299 | €229,967 | +€97,667 | +73.8% |
| Fixed assets | 21/28 | €33,770 | €43,020 | +€9,250 | +27.4% |
| Tangible fixed assets | 22/27 | €33,770 | €43,020 | +€9,250 | +27.4% |
| Furniture and vehicles | 24 | €33,770 | €43,020 | +€9,250 | +27.4% |
| Current assets | 29/58 | €98,530 | €186,947 | +€88,417 | +89.7% |
| Amounts receivable within one year | 40/41 | €7,094 | €13,590 | +€6,496 | +91.6% |
| Other amounts receivable | 41 | €7,094 | €13,590 | +€6,496 | +91.6% |
| Current investments | 50/53 | €45,000 | - | -€45,000 | |
| Cash at bank and in hand | 54/58 | €38,348 | €145,828 | +€107,481 | +280.3% |
| Deferred charges and accrued income | 490/1 | €8,088 | €27,528 | +€19,440 | +240.3% |
| Total equity and liabilities | 10/49 | €132,299 | €229,967 | +€97,667 | +73.8% |
| Equity | 10/15 | €110,756 | €205,048 | +€94,293 | +85.1% |
| Contributions | 10/11 | €5,000 | €5,000 | = | 0.0% |
| Reserves | 13 | €105,756 | €105,756 | = | 0.0% |
| Distributable reserves | 133 | €105,756 | €105,756 | = | 0.0% |
| Profit (loss) carried forward | 14 | - | €94,293 | +€94,293 | |
| Amounts payable | 17/49 | €21,544 | €24,918 | +€3,374 | +15.7% |
| Amounts payable within one year | 42/48 | €20,040 | €22,351 | +€2,311 | +11.5% |
| Trade debts | 44 | €2,037 | €2,686 | +€649 | +31.9% |
| Suppliers | 440/4 | €2,037 | €2,686 | +€649 | +31.9% |
| Taxes, remuneration and social security | 45 | €8,731 | €2,375 | -€6,356 | -72.8% |
| Taxes | 450/3 | €8,731 | €2,375 | -€6,356 | -72.8% |
| Other amounts payable | 47/48 | €9,272 | €17,289 | +€8,017 | +86.5% |
| Accrued charges and deferred income | 492/3 | €1,504 | €2,567 | +€1,064 | +70.7% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €6,229 | €13,750 | +€7,520 | +120.7% |
| Other operating charges | 640/8 | €199 | €1,458 | +€1,259 | +633.9% |
| Non-recurring operating charges | 66A | €1,235 | - | -€1,235 | |
| Gross operating margin | 9900 | €26,671 | €136,492 | +€109,821 | +411.8% |
| Operating profit (loss) | 9901 | €19,008 | €121,285 | +€102,277 | +538.1% |
| Financial income | 75/76B | €355 | €1,040 | +€684 | +192.5% |
| Recurring financial income | 75 | €355 | €1,040 | +€684 | +192.5% |
| Financial charges | 65/66B | €1,588 | €2,309 | +€722 | +45.4% |
| Recurring financial charges | 65 | €1,588 | €2,309 | +€722 | +45.4% |
| Profit (loss) for the period before taxes | 9903 | €17,776 | €120,015 | +€102,239 | +575.2% |
| Income taxes | 67/77 | €4,006 | €25,722 | +€21,716 | +542.0% |
| Profit (loss) for the period | 9904 | €13,769 | €94,293 | +€80,523 | +584.8% |
| Profit (loss) for the period to be appropriated | 9905 | €13,769 | €94,293 | +€80,523 | +584.8% |
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.