CORNEVAN: 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.
CORNEVAN
Largest movements
- Cash +€13,427
up €13,427 (+148.8%), from €9,025 to €22,452
mainly Tax, wage and social debts (+€18,514) and Depreciation (+€13,808)
- Receivables within one year -€10,151
down €10,151 (-22.0%), from €46,114 to €35,963
of which Other amounts receivable: -€16,171
- Tangible fixed assets -€9,008
down €9,008 (-42.0%), from €21,437 to €12,429
of which Furniture and vehicles: -€7,988
- Deferred charges and accrued income +€6,530
new in 2025: €6,530
- Stocks and contracts +€2,541
up €2,541 (+18.2%), from €13,994 to €16,536
- Tax, wage and social debts +€18,514
up €18,514 (+97.2%), from €19,055 to €37,569
of which Remuneration and social security: +€12,674
- Trade debts -€17,808
down €17,808 (-76.8%), from €23,173 to €5,365
- Profit (loss) carried forward +€3,413
up €3,413 (+77.3%), from €4,416 to €7,829
- Gross operating margin +€134,665
up €134,665 (+53.6%), from €251,089 to €385,754
- Staff costs +€109,498
up €109,498 (+49.9%), from €219,341 to €328,838
- Financial charges +€26,530
up €26,530 (+274.6%), from €9,662 to €36,192
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 | €96,322 | €101,441 | +€5,119 | +5.3% |
| Fixed assets | 21/28 | €27,189 | €19,961 | -€7,228 | -26.6% |
| Tangible fixed assets | 22/27 | €21,437 | €12,429 | -€9,008 | -42.0% |
| Plant, machinery and equipment | 23 | €2,108 | €1,089 | -€1,019 | -48.3% |
| Furniture and vehicles | 24 | €19,329 | €11,340 | -€7,988 | -41.3% |
| Financial fixed assets | 28 | €5,752 | €7,532 | +€1,780 | +30.9% |
| Current assets | 29/58 | €69,133 | €81,480 | +€12,347 | +17.9% |
| Stocks and contracts in progress | 3 | €13,994 | €16,536 | +€2,541 | +18.2% |
| Stocks | 30/36 | €13,994 | €16,536 | +€2,541 | +18.2% |
| Amounts receivable within one year | 40/41 | €46,114 | €35,963 | -€10,151 | -22.0% |
| Trade receivables | 40 | €29,943 | €35,963 | +€6,020 | +20.1% |
| Other amounts receivable | 41 | €16,171 | - | -€16,171 | |
| Cash at bank and in hand | 54/58 | €9,025 | €22,452 | +€13,427 | +148.8% |
| Deferred charges and accrued income | 490/1 | - | €6,530 | +€6,530 | |
| Total equity and liabilities | 10/49 | €96,322 | €101,441 | +€5,119 | +5.3% |
| Equity | 10/15 | €6,756 | €10,169 | +€3,413 | +50.5% |
| Contributions | 10/11 | €2,340 | €2,340 | = | 0.0% |
| Profit (loss) carried forward | 14 | €4,416 | €7,829 | +€3,413 | +77.3% |
| Amounts payable | 17/49 | €89,566 | €91,272 | +€1,706 | +1.9% |
| Amounts payable within one year | 42/48 | €89,566 | €91,272 | +€1,706 | +1.9% |
| Trade debts | 44 | €23,173 | €5,365 | -€17,808 | -76.8% |
| Suppliers | 440/4 | €23,173 | €5,365 | -€17,808 | -76.8% |
| Taxes, remuneration and social security | 45 | €19,055 | €37,569 | +€18,514 | +97.2% |
| Taxes | 450/3 | €1,288 | €7,128 | +€5,840 | +453.4% |
| Remuneration and social security | 454/9 | €17,767 | €30,442 | +€12,674 | +71.3% |
| Other amounts payable | 47/48 | €47,338 | €48,338 | +€1,000 | +2.1% |
| Remuneration, social security and pensions | 62 | €219,341 | €328,838 | +€109,498 | +49.9% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €16,871 | €13,808 | -€3,063 | -18.2% |
| Other operating charges | 640/8 | €3,208 | €3,503 | +€295 | +9.2% |
| Gross operating margin | 9900 | €251,089 | €385,754 | +€134,665 | +53.6% |
| Operating profit (loss) | 9901 | €11,670 | €39,605 | +€27,935 | +239.4% |
| Financial income | 75/76B | €54 | €0 | -€53 | -99.4% |
| Recurring financial income | 75 | €54 | €0 | -€53 | -99.4% |
| Financial charges | 65/66B | €9,662 | €36,192 | +€26,530 | +274.6% |
| Recurring financial charges | 65 | €9,662 | €36,192 | +€26,530 | +274.6% |
| Profit (loss) for the period before taxes | 9903 | €2,062 | €3,413 | +€1,351 | +65.5% |
| Profit (loss) for the period | 9904 | €2,062 | €3,413 | +€1,351 | +65.5% |
| Profit (loss) for the period to be appropriated | 9905 | €2,062 | €3,413 | +€1,351 | +65.5% |
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 10 October 2026 via checked.be.