CORNERSTONE INT.: 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.
CORNERSTONE INT.
Largest movements
- Current investments +€59,885
up €59,885 (+49.0%), from €122,144 to €182,029
- Tangible fixed assets +€49,085
up €49,085 (+192.8%), from €25,458 to €74,544
of which Furniture and vehicles: +€50,268
- Cash -€36,076
down €36,076 (-69.6%), from €51,828 to €15,751
mainly Investment in fixed assets (net) (-€60,583) and Current investments (-€59,885)
- Receivables within one year +€9,402
up €9,402 (+93.3%), from €10,075 to €19,477
of which Other amounts receivable: +€11,027
- Reserves +€41,947
up €41,947 (+36.3%), from €115,694 to €157,642
- Short-term financial debts +€29,000
new in 2025: €29,000
- Other debts +€8,698
up €8,698 (+29.4%), from €29,607 to €38,305
- Advances received +€3,414
new in 2025: €3,414
- Tax, wage and social debts -€3,333
down €3,333 (-34.1%), from €9,760 to €6,427
- Gross operating margin -€21,287
down €21,287 (-25.0%), from €85,120 to €63,833
- Financial income +€10,371
up €10,371 (+2563.8%), from €405 to €10,775
- Taxes -€7,310
down €7,310 (-28.8%), from €25,361 to €18,050
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 | €215,248 | €297,085 | +€81,836 | +38.0% |
| Fixed assets | 21/28 | €25,458 | €74,544 | +€49,085 | +192.8% |
| Tangible fixed assets | 22/27 | €25,458 | €74,544 | +€49,085 | +192.8% |
| Plant, machinery and equipment | 23 | €2,740 | €1,558 | -€1,182 | -43.1% |
| Furniture and vehicles | 24 | €22,718 | €72,985 | +€50,268 | +221.3% |
| Current assets | 29/58 | €189,790 | €222,541 | +€32,751 | +17.3% |
| Amounts receivable within one year | 40/41 | €10,075 | €19,477 | +€9,402 | +93.3% |
| Trade receivables | 40 | €10,075 | €8,450 | -€1,625 | -16.1% |
| Other amounts receivable | 41 | €0 | €11,027 | +€11,027 | |
| Current investments | 50/53 | €122,144 | €182,029 | +€59,885 | +49.0% |
| Cash at bank and in hand | 54/58 | €51,828 | €15,751 | -€36,076 | -69.6% |
| Deferred charges and accrued income | 490/1 | €5,744 | €5,283 | -€461 | -8.0% |
| Total equity and liabilities | 10/49 | €215,248 | €297,085 | +€81,836 | +38.0% |
| Equity | 10/15 | €167,623 | €209,571 | +€41,947 | +25.0% |
| Contributions | 10/11 | €12,400 | €12,400 | = | 0.0% |
| Reserves | 13 | €115,694 | €157,642 | +€41,947 | +36.3% |
| Distributable reserves | 133 | €115,694 | €157,642 | +€41,947 | +36.3% |
| Profit (loss) carried forward | 14 | €39,529 | €39,529 | = | 0.0% |
| Amounts payable | 17/49 | €47,625 | €87,514 | +€39,889 | +83.8% |
| Amounts payable within one year | 42/48 | €45,342 | €85,460 | +€40,118 | +88.5% |
| Current portion of amounts payable after more than one year | 42 | €0 | - | = | |
| Financial debts | 43 | - | €29,000 | +€29,000 | |
| Other loans | 439 | - | €29,000 | +€29,000 | |
| Trade debts | 44 | €5,975 | €8,314 | +€2,339 | +39.1% |
| Suppliers | 440/4 | €5,975 | €8,314 | +€2,339 | +39.1% |
| Advances received on contracts in progress | 46 | - | €3,414 | +€3,414 | |
| Taxes, remuneration and social security | 45 | €9,760 | €6,427 | -€3,333 | -34.1% |
| Taxes | 450/3 | €9,760 | €6,427 | -€3,333 | -34.1% |
| Other amounts payable | 47/48 | €29,607 | €38,305 | +€8,698 | +29.4% |
| Accrued charges and deferred income | 492/3 | €2,283 | €2,054 | -€229 | -10.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €12,065 | €11,498 | -€567 | -4.7% |
| Other operating charges | 640/8 | €1,047 | €1,003 | -€43 | -4.1% |
| Gross operating margin | 9900 | €85,120 | €63,833 | -€21,287 | -25.0% |
| Operating profit (loss) | 9901 | €72,008 | €51,332 | -€20,676 | -28.7% |
| Financial income | 75/76B | €405 | €10,775 | +€10,371 | +2563.8% |
| Recurring financial income | 75 | €405 | €10,775 | +€10,371 | +2563.8% |
| Financial charges | 65/66B | €2,421 | €2,109 | -€312 | -12.9% |
| Recurring financial charges | 65 | €2,421 | €2,109 | -€312 | -12.9% |
| Profit (loss) for the period before taxes | 9903 | €69,992 | €59,998 | -€9,994 | -14.3% |
| Income taxes | 67/77 | €25,361 | €18,050 | -€7,310 | -28.8% |
| Profit (loss) for the period | 9904 | €44,631 | €41,947 | -€2,684 | -6.0% |
| Profit (loss) for the period to be appropriated | 9905 | €44,631 | €41,947 | -€2,684 | -6.0% |
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 5 October 2026 via checked.be.