CORNILLY: 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.
CORNILLY
Largest movements
- Stocks and contracts +€171,353
up €171,353 (+6.2%), from €2.8m to €3.0m
- Receivables within one year -€46,396
down €46,396 (-14.5%), from €319,952 to €273,556
of which Trade receivables: -€45,555
- Tangible fixed assets -€44,961
down €44,961 (-53.1%), from €84,647 to €39,686
of which Furniture and vehicles: -€22,658
- Other debts -€644,921
down €644,921 (-39.2%), from €1.6m to €998,298
- Reserves +€564,114
up €564,114 (+60.5%), from €932,829 to €1.5m
of which Distributable reserves: +€566,227
- Short-term financial debts +€268,614
up €268,614 (+115%), from €232,744 to €501,358
of which Credit institutions: +€143,000
- Debts after one year -€65,118
down €65,118 (-79.9%), from €81,529 to €16,412
- Tax, wage and social debts -€35,786
down €35,786 (-33.8%), from €105,738 to €69,952
of which Taxes: -€39,789
- Taxes +€110,695
up €110,695 (+134%), from €82,831 to €193,526
- Gross operating margin -€81,032
down €81,032 (-6.7%), from €1.2m to €1.1m
- Write-downs -€48,051
down €48,051 (-4,343%), from -€1,106 to -€49,157
- Depreciation -€35,563
down €35,563 (-56.9%), from €62,510 to €26,947
- Other operating charges +€18,641
up €18,641 (+412%), from €4,528 to €23,169
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 | €3,274,604 | €3,357,515 | +€82,910 | +2.5% |
| Fixed assets | 21/28 | €85,282 | €40,321 | -€44,961 | -52.7% |
| Intangible fixed assets | 21 | €0 | - | = | |
| Tangible fixed assets | 22/27 | €84,647 | €39,686 | -€44,961 | -53.1% |
| Plant, machinery and equipment | 23 | €35,008 | €15,417 | -€19,590 | -56.0% |
| Furniture and vehicles | 24 | €28,121 | €5,462 | -€22,658 | -80.6% |
| Other tangible fixed assets | 26 | €21,518 | €18,806 | -€2,712 | -12.6% |
| Financial fixed assets | 28 | €635 | €635 | = | 0.0% |
| Current assets | 29/58 | €3,189,322 | €3,317,194 | +€127,871 | +4.0% |
| Stocks and contracts in progress | 3 | €2,783,716 | €2,955,069 | +€171,353 | +6.2% |
| Stocks | 30/36 | €2,783,716 | €2,955,069 | +€171,353 | +6.2% |
| Amounts receivable within one year | 40/41 | €319,952 | €273,556 | -€46,396 | -14.5% |
| Trade receivables | 40 | €318,951 | €273,396 | -€45,555 | -14.3% |
| Other amounts receivable | 41 | €1,000 | €160 | -€840 | -84.0% |
| Cash at bank and in hand | 54/58 | €35,667 | €39,333 | +€3,666 | +10.3% |
| Deferred charges and accrued income | 490/1 | €49,987 | €49,236 | -€752 | -1.5% |
| Total equity and liabilities | 10/49 | €3,274,604 | €3,357,515 | +€82,910 | +2.5% |
| Equity | 10/15 | €952,829 | €1,516,943 | +€564,114 | +59.2% |
| Contributions | 10/11 | €20,000 | €20,000 | = | 0.0% |
| Reserves | 13 | €932,829 | €1,496,943 | +€564,114 | +60.5% |
| Tax-exempt reserves | 132 | €353,699 | €351,586 | -€2,113 | -0.6% |
| Distributable reserves | 133 | €579,130 | €1,145,357 | +€566,227 | +97.8% |
| Profit (loss) carried forward | 14 | €0 | €0 | = | |
| Provisions and deferred taxes | 16 | €1,410 | €522 | -€887 | -62.9% |
| Deferred taxes | 168 | €1,410 | €522 | -€887 | -62.9% |
| Amounts payable | 17/49 | €2,320,365 | €1,840,049 | -€480,316 | -20.7% |
| Amounts payable after more than one year | 17 | €81,529 | €16,412 | -€65,118 | -79.9% |
| Financial debts | 170/4 | €81,529 | €16,412 | -€65,118 | -79.9% |
| Amounts payable within one year | 42/48 | €2,238,313 | €1,806,770 | -€431,543 | -19.3% |
| Current portion of amounts payable after more than one year | 42 | €64,279 | €65,118 | +€839 | +1.3% |
| Financial debts | 43 | €232,744 | €501,358 | +€268,614 | +115% |
| Credit institutions | 430/8 | €232,744 | €375,744 | +€143,000 | +61.4% |
| Other loans | 439 | €0 | €125,614 | +€125,614 | |
| Trade debts | 44 | €192,334 | €172,044 | -€20,290 | -10.5% |
| Suppliers | 440/4 | €192,334 | €172,044 | -€20,290 | -10.5% |
| Taxes, remuneration and social security | 45 | €105,738 | €69,952 | -€35,786 | -33.8% |
| Taxes | 450/3 | €93,685 | €53,896 | -€39,789 | -42.5% |
| Remuneration and social security | 454/9 | €12,053 | €16,055 | +€4,003 | +33.2% |
| Other amounts payable | 47/48 | €1,643,219 | €998,298 | -€644,921 | -39.2% |
| Accrued charges and deferred income | 492/3 | €523 | €16,867 | +€16,345 | +3,128% |
| Non-recurring operating income | 76A | - | €22,987 | +€22,987 | |
| Remuneration, social security and pensions | 62 | €316,863 | €319,671 | +€2,809 | +0.9% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €62,510 | €26,947 | -€35,563 | -56.9% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | -€1,106 | -€49,157 | -€48,051 | -4,343% |
| Other operating charges | 640/8 | €4,528 | €23,169 | +€18,641 | +412% |
| Non-recurring operating charges | 66A | - | €3,500 | +€3,500 | |
| Gross operating margin | 9900 | €1,207,097 | €1,126,065 | -€81,032 | -6.7% |
| Operating profit (loss) | 9901 | €824,302 | €801,934 | -€22,368 | -2.7% |
| Financial income | 75/76B | €1,540 | €2,349 | +€810 | +52.6% |
| Recurring financial income | 75 | €1,540 | €2,349 | +€810 | +52.6% |
| Financial charges | 65/66B | €41,213 | €47,531 | +€6,318 | +15.3% |
| Recurring financial charges | 65 | €40,775 | €47,531 | +€6,756 | +16.6% |
| Non-recurring financial charges | 66B | €438 | €0 | -€438 | -100% |
| Profit (loss) for the period before taxes | 9903 | €784,629 | €756,753 | -€27,876 | -3.6% |
| Transfer from deferred taxes | 780 | €887 | €887 | = | 0.0% |
| Income taxes | 67/77 | €82,831 | €193,526 | +€110,695 | +134% |
| Profit (loss) for the period | 9904 | €702,685 | €564,114 | -€138,571 | -19.7% |
| Transfer from tax-exempt reserves | 789 | €2,113 | €2,113 | = | 0.0% |
| Transfer to tax-exempt reserves | 689 | €13,930 | €0 | -€13,930 | -100% |
| Profit (loss) for the period to be appropriated | 9905 | €690,868 | €566,227 | -€124,641 | -18.0% |
Source: filed annual accounts (NBB), financial years ended 30 September 2024 and 30 September 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 15 October 2026 via checked.be.