CORNILLIE LUC: 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.
CORNILLIE LUC
Largest movements
- Receivables within one year +€25,056
up €25,056 (+62.9%), from €39,832 to €64,888
of which Trade receivables: +€22,613
- Tangible fixed assets -€16,174
down €16,174 (-28.0%), from €57,841 to €41,667
of which Furniture and vehicles: -€17,037
- Cash +€3,507
up €3,507 (+1.9%), from €181,982 to €185,489
mainly Net result for the year (+€40,277) and Trade debts (+€21,210)
- Other debts -€45,091
down €45,091 (-67.5%), from €66,848 to €21,758
- Reserves +€40,277
up €40,277 (+20.4%), from €197,691 to €237,968
- Trade debts +€21,210
up €21,210 (+1,077%), from €1,970 to €23,180
- Write-downs -€9,000
down €9,000, from €0 to -€9,000
- Gross operating margin -€4,106
down €4,106 (-2.9%), from €139,858 to €135,752
- Depreciation +€3,953
up €3,953 (+25.8%), from €15,326 to €19,280
- Financial income +€1,815
up €1,815 (+90.6%), from €2,003 to €3,818
- Financial charges -€1,703
down €1,703 (-42.9%), from €3,968 to €2,265
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.
Derived cash bridge
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 | €290,830 | €305,074 | +€14,244 | +4.9% |
| Fixed assets | 21/28 | €57,841 | €41,667 | -€16,174 | -28.0% |
| Tangible fixed assets | 22/27 | €57,841 | €41,667 | -€16,174 | -28.0% |
| Plant, machinery and equipment | 23 | €346 | €1,765 | +€1,419 | +410% |
| Furniture and vehicles | 24 | €56,276 | €39,238 | -€17,037 | -30.3% |
| Other tangible fixed assets | 26 | €1,219 | €663 | -€556 | -45.6% |
| Current assets | 29/58 | €232,989 | €263,408 | +€30,418 | +13.1% |
| Stocks and contracts in progress | 3 | €8,681 | €10,430 | +€1,749 | +20.2% |
| Stocks | 30/36 | €3,381 | €5,430 | +€2,049 | +60.6% |
| Contracts in progress | 37 | €5,300 | €5,000 | -€300 | -5.7% |
| Amounts receivable within one year | 40/41 | €39,832 | €64,888 | +€25,056 | +62.9% |
| Trade receivables | 40 | €37,869 | €60,483 | +€22,613 | +59.7% |
| Other amounts receivable | 41 | €1,963 | €4,406 | +€2,443 | +124% |
| Cash at bank and in hand | 54/58 | €181,982 | €185,489 | +€3,507 | +1.9% |
| Deferred charges and accrued income | 490/1 | €2,494 | €2,600 | +€106 | +4.3% |
| Total equity and liabilities | 10/49 | €290,830 | €305,074 | +€14,244 | +4.9% |
| Equity | 10/15 | €216,291 | €256,568 | +€40,277 | +18.6% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €197,691 | €237,968 | +€40,277 | +20.4% |
| Distributable reserves | 133 | €197,691 | €237,968 | +€40,277 | +20.4% |
| Profit (loss) carried forward | 14 | €0 | €0 | = | |
| Amounts payable | 17/49 | €74,539 | €48,506 | -€26,033 | -34.9% |
| Amounts payable within one year | 42/48 | €72,906 | €47,763 | -€25,143 | -34.5% |
| Trade debts | 44 | €1,970 | €23,180 | +€21,210 | +1,077% |
| Suppliers | 440/4 | €1,970 | €23,180 | +€21,210 | +1,077% |
| Taxes, remuneration and social security | 45 | €4,088 | €2,825 | -€1,263 | -30.9% |
| Taxes | 450/3 | €4,088 | €2,825 | -€1,263 | -30.9% |
| Other amounts payable | 47/48 | €66,848 | €21,758 | -€45,091 | -67.5% |
| Accrued charges and deferred income | 492/3 | €1,633 | €743 | -€889 | -54.5% |
| Non-recurring operating income | 76A | €20,000 | €0 | -€20,000 | -100% |
| Remuneration, social security and pensions | 62 | €69,519 | €69,892 | +€373 | +0.5% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €15,326 | €19,280 | +€3,953 | +25.8% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | €0 | -€9,000 | -€9,000 | |
| Other operating charges | 640/8 | €1,463 | €1,591 | +€128 | +8.8% |
| Gross operating margin | 9900 | €139,858 | €135,752 | -€4,106 | -2.9% |
| Operating profit (loss) | 9901 | €53,551 | €53,989 | +€439 | +0.8% |
| Financial income | 75/76B | €2,003 | €3,818 | +€1,815 | +90.6% |
| Recurring financial income | 75 | €2,003 | €3,818 | +€1,815 | +90.6% |
| Financial charges | 65/66B | €3,968 | €2,265 | -€1,703 | -42.9% |
| Recurring financial charges | 65 | €3,968 | €2,265 | -€1,703 | -42.9% |
| Profit (loss) for the period before taxes | 9903 | €51,586 | €55,543 | +€3,957 | +7.7% |
| Income taxes | 67/77 | €14,201 | €15,266 | +€1,065 | +7.5% |
| Profit (loss) for the period | 9904 | €37,385 | €40,277 | +€2,892 | +7.7% |
| Profit (loss) for the period to be appropriated | 9905 | €37,385 | €40,277 | +€2,892 | +7.7% |
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 28 October 2026 via checked.be.