CORNILLE: 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.
CORNILLE
Largest movements
- Cash -€41,441
down €41,441 (-20.6%), from €201,602 to €160,161
mainly Provisions (-€42,750) and Other debts (-€40,813)
- Receivables within one year -€25,433
down €25,433 (-16.0%), from €158,711 to €133,278
of which Trade receivables: -€31,418
- Tangible fixed assets -€18,399
down €18,399 (-9.2%), from €200,188 to €181,789
of which Other tangible fixed assets: -€30,354
- Stocks and contracts +€13,971
up €13,971 (+3.4%), from €412,731 to €426,702
of which Contracts in progress: +€11,226
- Reserves +€54,056
up €54,056 (+7.4%), from €728,485 to €782,541
of which Distributable reserves: +€54,056
- Provisions -€42,750
down €42,750 (-100.0%), from €42,750 to €0
- Other debts -€40,813
down €40,813 (-67.6%), from €60,345 to €19,532
- Trade debts -€16,392
down €16,392 (-35.1%), from €46,664 to €30,271
- Tax, wage and social debts -€16,378
down €16,378 (-33.0%), from €49,668 to €33,290
of which Taxes: -€18,572
- Gross operating margin -€78,126
down €78,126 (-8.8%), from €891,093 to €812,967
- Staff costs +€44,945
up €44,945 (+6.9%), from €648,593 to €693,538
- Taxes -€19,323
down €19,323 (-50.4%), from €38,338 to €19,015
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 | €993,142 | €915,715 | -€77,426 | -7.8% |
| Fixed assets | 21/28 | €201,738 | €181,789 | -€19,949 | -9.9% |
| Tangible fixed assets | 22/27 | €200,188 | €181,789 | -€18,399 | -9.2% |
| Land and buildings | 22 | €2,209 | €0 | -€2,209 | -100.0% |
| Plant, machinery and equipment | 23 | €20,290 | €25,257 | +€4,968 | +24.5% |
| Furniture and vehicles | 24 | €14,592 | €23,788 | +€9,196 | +63.0% |
| Other tangible fixed assets | 26 | €163,097 | €132,743 | -€30,354 | -18.6% |
| Financial fixed assets | 28 | €1,550 | €0 | -€1,550 | -100.0% |
| Current assets | 29/58 | €791,403 | €733,926 | -€57,477 | -7.3% |
| Stocks and contracts in progress | 3 | €412,731 | €426,702 | +€13,971 | +3.4% |
| Stocks | 30/36 | €262,824 | €265,569 | +€2,745 | +1.0% |
| Contracts in progress | 37 | €149,907 | €161,133 | +€11,226 | +7.5% |
| Amounts receivable within one year | 40/41 | €158,711 | €133,278 | -€25,433 | -16.0% |
| Trade receivables | 40 | €149,544 | €118,126 | -€31,418 | -21.0% |
| Other amounts receivable | 41 | €9,167 | €15,152 | +€5,985 | +65.3% |
| Cash at bank and in hand | 54/58 | €201,602 | €160,161 | -€41,441 | -20.6% |
| Deferred charges and accrued income | 490/1 | €18,360 | €13,786 | -€4,574 | -24.9% |
| Total equity and liabilities | 10/49 | €993,142 | €915,715 | -€77,426 | -7.8% |
| Equity | 10/15 | €778,085 | €832,141 | +€54,056 | +6.9% |
| Contributions | 10/11 | €49,600 | €49,600 | = | 0.0% |
| Reserves | 13 | €728,485 | €782,541 | +€54,056 | +7.4% |
| Non-distributable reserves | 130/1 | €0 | - | = | |
| Reserves not available under the articles | 1311 | €0 | - | = | |
| Distributable reserves | 133 | €728,485 | €782,541 | +€54,056 | +7.4% |
| Profit (loss) carried forward | 14 | €0 | - | = | |
| Provisions and deferred taxes | 16 | €42,750 | €0 | -€42,750 | -100.0% |
| Provisions for liabilities and charges | 160/5 | €42,750 | €0 | -€42,750 | -100.0% |
| Other liabilities and charges | 164/5 | €42,750 | €0 | -€42,750 | -100.0% |
| Amounts payable | 17/49 | €172,307 | €83,574 | -€88,733 | -51.5% |
| Amounts payable after more than one year | 17 | €0 | - | = | |
| Financial debts | 170/4 | €0 | - | = | |
| Amounts payable within one year | 42/48 | €171,826 | €83,094 | -€88,733 | -51.6% |
| Current portion of amounts payable after more than one year | 42 | €15,150 | €0 | -€15,150 | -100.0% |
| Trade debts | 44 | €46,664 | €30,271 | -€16,392 | -35.1% |
| Suppliers | 440/4 | €46,664 | €30,271 | -€16,392 | -35.1% |
| Taxes, remuneration and social security | 45 | €49,668 | €33,290 | -€16,378 | -33.0% |
| Taxes | 450/3 | €36,141 | €17,569 | -€18,572 | -51.4% |
| Remuneration and social security | 454/9 | €13,527 | €15,722 | +€2,195 | +16.2% |
| Other amounts payable | 47/48 | €60,345 | €19,532 | -€40,813 | -67.6% |
| Accrued charges and deferred income | 492/3 | €480 | €480 | = | 0.0% |
| Non-recurring operating income | 76A | - | €53 | +€53 | |
| Remuneration, social security and pensions | 62 | €648,593 | €693,538 | +€44,945 | +6.9% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €48,930 | €48,882 | -€48 | -0.1% |
| Other operating charges | 640/8 | €4,937 | €7,143 | +€2,206 | +44.7% |
| Non-recurring operating charges | 66A | €42,750 | €0 | -€42,750 | -100.0% |
| Gross operating margin | 9900 | €891,093 | €812,967 | -€78,126 | -8.8% |
| Operating profit (loss) | 9901 | €145,884 | €63,404 | -€82,480 | -56.5% |
| Financial income | 75/76B | €7,743 | €13,924 | +€6,181 | +79.8% |
| Recurring financial income | 75 | €7,743 | €13,924 | +€6,181 | +79.8% |
| Financial charges | 65/66B | €4,245 | €4,257 | +€12 | +0.3% |
| Recurring financial charges | 65 | €4,245 | €2,707 | -€1,539 | -36.2% |
| Non-recurring financial charges | 66B | - | €1,550 | +€1,550 | |
| Profit (loss) for the period before taxes | 9903 | €149,382 | €73,071 | -€76,310 | -51.1% |
| Income taxes | 67/77 | €38,338 | €19,015 | -€19,323 | -50.4% |
| Profit (loss) for the period | 9904 | €111,044 | €54,056 | -€56,987 | -51.3% |
| Profit (loss) for the period to be appropriated | 9905 | €111,044 | €54,056 | -€56,987 | -51.3% |
Source: filed annual accounts (NBB), fiscal years ended 30 June 2024 and 30 June 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 7 October 2026 via checked.be.