Cornillie Projects: 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 Projects
Largest movements
- Tangible fixed assets +€166,399
up €166,399 (+135.3%), from €122,949 to €289,348
of which Leasing and similar rights: +€131,336
- Cash +€29,539
up €29,539 (+71.8%), from €41,166 to €70,705
mainly Net result for the year (+€126,013) and Debts after one year (+€92,421)
- Receivables within one year +€28,299
up €28,299 (+160.3%), from €17,648 to €45,947
of which Trade receivables: +€29,735
- Stocks and contracts -€5,878
down €5,878 (-100.0%), from €5,878 to €0
- Deferred charges and accrued income +€4,497
up €4,497 (+214.9%), from €2,093 to €6,590
- Reserves +€126,013
up €126,013 (+136.1%), from €92,576 to €218,589
- Debts after one year +€92,421
up €92,421 (+238.5%), from €38,743 to €131,164
- Current portion of long-term debt +€23,088
up €23,088 (+160.3%), from €14,405 to €37,493
- Other debts -€19,365
down €19,365 (-59.9%), from €32,339 to €12,974
- Trade debts +€6,088
up €6,088 (+474.9%), from €1,282 to €7,370
- Gross operating margin +€89,938
up €89,938 (+60.6%), from €148,500 to €238,438
- Depreciation +€33,410
up €33,410 (+170.1%), from €19,642 to €53,052
- Taxes +€24,359
up €24,359 (+102.8%), from €23,689 to €48,048
- Financial charges +€5,480
up €5,480 (+336.0%), from €1,631 to €7,111
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 | €189,735 | €412,591 | +€222,856 | +117.5% |
| Fixed assets | 21/28 | €122,949 | €289,348 | +€166,399 | +135.3% |
| Tangible fixed assets | 22/27 | €122,949 | €289,348 | +€166,399 | +135.3% |
| Plant, machinery and equipment | 23 | €45,219 | €59,221 | +€14,003 | +31.0% |
| Furniture and vehicles | 24 | €30,737 | €35,413 | +€4,676 | +15.2% |
| Leasing and similar rights | 25 | €42,828 | €174,163 | +€131,336 | +306.7% |
| Other tangible fixed assets | 26 | €4,166 | €20,550 | +€16,385 | +393.3% |
| Current assets | 29/58 | €66,785 | €123,242 | +€56,457 | +84.5% |
| Stocks and contracts in progress | 3 | €5,878 | €0 | -€5,878 | -100.0% |
| Contracts in progress | 37 | €5,878 | €0 | -€5,878 | -100.0% |
| Amounts receivable within one year | 40/41 | €17,648 | €45,947 | +€28,299 | +160.3% |
| Trade receivables | 40 | €2,221 | €31,956 | +€29,735 | +1339.1% |
| Other amounts receivable | 41 | €15,428 | €13,991 | -€1,436 | -9.3% |
| Cash at bank and in hand | 54/58 | €41,166 | €70,705 | +€29,539 | +71.8% |
| Deferred charges and accrued income | 490/1 | €2,093 | €6,590 | +€4,497 | +214.9% |
| Total equity and liabilities | 10/49 | €189,735 | €412,591 | +€222,856 | +117.5% |
| Equity | 10/15 | €97,576 | €223,589 | +€126,013 | +129.1% |
| Contributions | 10/11 | €5,000 | €5,000 | = | 0.0% |
| Reserves | 13 | €92,576 | €218,589 | +€126,013 | +136.1% |
| Distributable reserves | 133 | €92,576 | €218,589 | +€126,013 | +136.1% |
| Amounts payable | 17/49 | €92,158 | €189,001 | +€96,843 | +105.1% |
| Amounts payable after more than one year | 17 | €38,743 | €131,164 | +€92,421 | +238.5% |
| Financial debts | 170/4 | €38,743 | €131,164 | +€92,421 | +238.5% |
| Amounts payable within one year | 42/48 | €53,415 | €57,837 | +€4,422 | +8.3% |
| Current portion of amounts payable after more than one year | 42 | €14,405 | €37,493 | +€23,088 | +160.3% |
| Trade debts | 44 | €1,282 | €7,370 | +€6,088 | +474.9% |
| Suppliers | 440/4 | €1,282 | €7,370 | +€6,088 | +474.9% |
| Taxes, remuneration and social security | 45 | €5,389 | €0 | -€5,389 | -100.0% |
| Taxes | 450/3 | €5,389 | €0 | -€5,389 | -100.0% |
| Other amounts payable | 47/48 | €32,339 | €12,974 | -€19,365 | -59.9% |
| Non-recurring operating income | 76A | - | €11,482 | +€11,482 | |
| Remuneration, social security and pensions | 62 | - | €214 | +€214 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €19,642 | €53,052 | +€33,410 | +170.1% |
| Other operating charges | 640/8 | €3,055 | €5,354 | +€2,299 | +75.2% |
| Non-recurring operating charges | 66A | €8,591 | €0 | -€8,591 | -100.0% |
| Gross operating margin | 9900 | €148,500 | €238,438 | +€89,938 | +60.6% |
| Operating profit (loss) | 9901 | €117,212 | €179,818 | +€62,606 | +53.4% |
| Financial income | 75/76B | €684 | €1,354 | +€670 | +97.9% |
| Recurring financial income | 75 | €684 | €1,354 | +€670 | +97.9% |
| Financial charges | 65/66B | €1,631 | €7,111 | +€5,480 | +336.0% |
| Recurring financial charges | 65 | €1,631 | €7,111 | +€5,480 | +336.0% |
| Profit (loss) for the period before taxes | 9903 | €116,265 | €174,061 | +€57,796 | +49.7% |
| Income taxes | 67/77 | €23,689 | €48,048 | +€24,359 | +102.8% |
| Profit (loss) for the period | 9904 | €92,576 | €126,013 | +€33,436 | +36.1% |
| Profit (loss) for the period to be appropriated | 9905 | €92,576 | €126,013 | +€33,436 | +36.1% |
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 11 October 2026 via checked.be.