CORNWELL CONSULTING: 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.
CORNWELL CONSULTING
Largest movements
- Cash +€64,238
up €64,238 (+40.0%), from €160,596 to €224,834
mainly Other debts (+€81,588) and Net result for the year (+€64,350)
- Other debts +€81,588
up €81,588 (+607.2%), from €13,436 to €95,024
- Reserves -€30,674
down €30,674 (-20.2%), from €151,874 to €121,200
- Tax, wage and social debts +€13,390
up €13,390 (+2662.0%), from €503 to €13,893
- Gross operating margin +€36,480
up €36,480 (+60.9%), from €59,928 to €96,409
- Taxes +€14,504
up €14,504 (+91.8%), from €15,804 to €30,307
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 | €179,473 | €243,530 | +€64,057 | +35.7% |
| Fixed assets | 21/28 | €5,917 | €4,945 | -€972 | -16.4% |
| Tangible fixed assets | 22/27 | €5,917 | €4,945 | -€972 | -16.4% |
| Furniture and vehicles | 24 | €5,917 | €4,945 | -€972 | -16.4% |
| Current assets | 29/58 | €173,555 | €238,585 | +€65,030 | +37.5% |
| Stocks and contracts in progress | 3 | €872 | €872 | = | 0.0% |
| Stocks | 30/36 | €872 | €872 | = | 0.0% |
| Amounts receivable within one year | 40/41 | €12,020 | €12,626 | +€606 | +5.0% |
| Trade receivables | 40 | €9,225 | €10,710 | +€1,485 | +16.1% |
| Other amounts receivable | 41 | €2,795 | €1,916 | -€879 | -31.4% |
| Cash at bank and in hand | 54/58 | €160,596 | €224,834 | +€64,238 | +40.0% |
| Deferred charges and accrued income | 490/1 | €68 | €254 | +€186 | +273.3% |
| Total equity and liabilities | 10/49 | €179,473 | €243,530 | +€64,057 | +35.7% |
| Equity | 10/15 | €165,287 | €134,614 | -€30,674 | -18.6% |
| Contributions | 10/11 | €6,200 | €6,200 | = | 0.0% |
| Reserves | 13 | €151,874 | €121,200 | -€30,674 | -20.2% |
| Distributable reserves | 133 | €151,874 | €121,200 | -€30,674 | -20.2% |
| Profit (loss) carried forward | 14 | €7,213 | €7,213 | = | 0.0% |
| Amounts payable | 17/49 | €14,185 | €108,916 | +€94,731 | +667.8% |
| Amounts payable within one year | 42/48 | €14,185 | €108,916 | +€94,731 | +667.8% |
| Trade debts | 44 | €246 | - | -€246 | |
| Suppliers | 440/4 | €246 | - | -€246 | |
| Taxes, remuneration and social security | 45 | €503 | €13,893 | +€13,390 | +2662.0% |
| Taxes | 450/3 | €503 | €13,893 | +€13,390 | +2662.0% |
| Other amounts payable | 47/48 | €13,436 | €95,024 | +€81,588 | +607.2% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €2,856 | €3,235 | +€378 | +13.2% |
| Other operating charges | 640/8 | €300 | - | -€300 | |
| Gross operating margin | 9900 | €59,928 | €96,409 | +€36,480 | +60.9% |
| Operating profit (loss) | 9901 | €56,772 | €93,174 | +€36,402 | +64.1% |
| Financial income | 75/76B | €1,002 | €1,526 | +€524 | +52.3% |
| Recurring financial income | 75 | €1,002 | €1,526 | +€524 | +52.3% |
| Financial charges | 65/66B | €53 | €42 | -€11 | -20.1% |
| Recurring financial charges | 65 | €53 | €42 | -€11 | -20.1% |
| Profit (loss) for the period before taxes | 9903 | €57,722 | €94,658 | +€36,936 | +64.0% |
| Income taxes | 67/77 | €15,804 | €30,307 | +€14,504 | +91.8% |
| Profit (loss) for the period | 9904 | €41,918 | €64,350 | +€22,432 | +53.5% |
| Profit (loss) for the period to be appropriated | 9905 | €41,918 | €64,350 | +€22,432 | +53.5% |
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 9 October 2026 via checked.be.