Cornix: 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.
Cornix
Largest movements
- Receivables within one year -€230,447
down €230,447 (-15.5%), from €1.5m to €1.3m
of which Other amounts receivable: -€155,632
- Stocks and contracts +€47,825
up €47,825 (+4.8%), from €994,677 to €1.0m
- Cash +€43,827
up €43,827 (+437.6%), from €10,015 to €53,842
mainly Receivables within one year (+€230,447) and Trade debts (+€126,362)
- Tangible fixed assets -€37,236
down €37,236 (-5.2%), from €715,234 to €677,998
of which Other tangible fixed assets: -€20,465
- Short-term financial debts -€162,551
down €162,551 (-15.1%), from €1.1m to €913,273
- Trade debts +€126,362
up €126,362 (+13.8%), from €914,231 to €1.0m
- Profit (loss) carried forward -€90,473
down €90,473 (-56.7%), from €159,659 to €69,186
- Gross operating margin -€115,471
down €115,471 (-24.2%), from €476,664 to €361,193
- Staff costs -€38,747
down €38,747 (-9.4%), from €413,561 to €374,814
- Taxes -€6,339
down €6,339 (-94.5%), from €6,711 to €372
- Other operating charges -€6,069
down €6,069 (-16.3%), from €37,296 to €31,227
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 | €3,437,316 | €3,270,738 | -€166,578 | -4.8% |
| Fixed assets | 21/28 | €721,651 | €684,415 | -€37,236 | -5.2% |
| Tangible fixed assets | 22/27 | €715,234 | €677,998 | -€37,236 | -5.2% |
| Land and buildings | 22 | €300,000 | €300,000 | = | 0.0% |
| Plant, machinery and equipment | 23 | €5,829 | €3,058 | -€2,771 | -47.5% |
| Furniture and vehicles | 24 | €55,738 | €41,738 | -€14,000 | -25.1% |
| Other tangible fixed assets | 26 | €353,667 | €333,202 | -€20,465 | -5.8% |
| Financial fixed assets | 28 | €6,417 | €6,417 | = | 0.0% |
| Current assets | 29/58 | €2,715,665 | €2,586,323 | -€129,342 | -4.8% |
| Stocks and contracts in progress | 3 | €994,677 | €1,042,502 | +€47,825 | +4.8% |
| Stocks | 30/36 | €994,677 | €1,042,502 | +€47,825 | +4.8% |
| Amounts receivable within one year | 40/41 | €1,482,457 | €1,252,010 | -€230,447 | -15.5% |
| Trade receivables | 40 | €773,839 | €699,024 | -€74,815 | -9.7% |
| Other amounts receivable | 41 | €708,618 | €552,986 | -€155,632 | -22.0% |
| Cash at bank and in hand | 54/58 | €10,015 | €53,842 | +€43,827 | +437.6% |
| Deferred charges and accrued income | 490/1 | €228,516 | €237,969 | +€9,453 | +4.1% |
| Total equity and liabilities | 10/49 | €3,437,316 | €3,270,738 | -€166,578 | -4.8% |
| Equity | 10/15 | €1,332,941 | €1,242,468 | -€90,473 | -6.8% |
| Contributions | 10/11 | €250,000 | €250,000 | = | 0.0% |
| Capital | 10 | €250,000 | €250,000 | = | 0.0% |
| Issued capital | 100 | €250,000 | €250,000 | = | 0.0% |
| Revaluation surpluses | 12 | €600,000 | €600,000 | = | 0.0% |
| Reserves | 13 | €323,282 | €323,282 | = | 0.0% |
| Non-distributable reserves | 130/1 | €25,308 | €25,308 | = | 0.0% |
| Legal reserve | 130 | €25,000 | €25,000 | = | 0.0% |
| Other | 1319 | €308 | €308 | = | 0.0% |
| Tax-exempt reserves | 132 | €5,553 | €5,553 | = | 0.0% |
| Distributable reserves | 133 | €292,421 | €292,421 | = | 0.0% |
| Profit (loss) carried forward | 14 | €159,659 | €69,186 | -€90,473 | -56.7% |
| Amounts payable | 17/49 | €2,104,375 | €2,028,270 | -€76,105 | -3.6% |
| Amounts payable after more than one year | 17 | €30,898 | €21,750 | -€9,148 | -29.6% |
| Financial debts | 170/4 | €30,898 | €21,750 | -€9,148 | -29.6% |
| Amounts payable within one year | 42/48 | €2,073,477 | €2,006,520 | -€66,957 | -3.2% |
| Current portion of amounts payable after more than one year | 42 | €27,831 | €9,159 | -€18,672 | -67.1% |
| Financial debts | 43 | €1,075,824 | €913,273 | -€162,551 | -15.1% |
| Credit institutions | 430/8 | €1,075,824 | €913,273 | -€162,551 | -15.1% |
| Trade debts | 44 | €914,231 | €1,040,593 | +€126,362 | +13.8% |
| Suppliers | 440/4 | €914,231 | €1,040,593 | +€126,362 | +13.8% |
| Taxes, remuneration and social security | 45 | €40,822 | €25,526 | -€15,296 | -37.5% |
| Taxes | 450/3 | €28,775 | €13,474 | -€15,301 | -53.2% |
| Remuneration and social security | 454/9 | €12,047 | €12,052 | +€5 | 0.0% |
| Other amounts payable | 47/48 | €14,769 | €17,969 | +€3,200 | +21.7% |
| Remuneration, social security and pensions | 62 | €413,561 | €374,814 | -€38,747 | -9.4% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €38,800 | €38,257 | -€543 | -1.4% |
| Other operating charges | 640/8 | €37,296 | €31,227 | -€6,069 | -16.3% |
| Gross operating margin | 9900 | €476,664 | €361,193 | -€115,471 | -24.2% |
| Operating profit (loss) | 9901 | -€12,993 | -€83,105 | -€70,112 | -539.6% |
| Financial income | 75/76B | €63,251 | €62,995 | -€256 | -0.4% |
| Recurring financial income | 75 | €63,251 | €62,995 | -€256 | -0.4% |
| Financial charges | 65/66B | €73,930 | €69,991 | -€3,939 | -5.3% |
| Recurring financial charges | 65 | €73,930 | €69,991 | -€3,939 | -5.3% |
| Profit (loss) for the period before taxes | 9903 | -€23,672 | -€90,101 | -€66,429 | -280.6% |
| Income taxes | 67/77 | €6,711 | €372 | -€6,339 | -94.5% |
| Profit (loss) for the period | 9904 | -€30,383 | -€90,473 | -€60,090 | -197.8% |
| Profit (loss) for the period to be appropriated | 9905 | -€30,383 | -€90,473 | -€60,090 | -197.8% |
Source: filed annual accounts (NBB), fiscal years ended 31 December 2024 and 31 December 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 29 September 2026 via checked.be.