DE CONINCK-CORNILLE: 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.
DE CONINCK-CORNILLE
Largest movements
- Stocks and contracts +€219,739
up €219,739 (+6.6%), from €3.3m to €3.5m
- Advances received +€495,210
up €495,210 (+17.5%), from €2.8m to €3.3m
- Short-term financial debts -€363,062
down €363,062 (-90.8%), from €400,000 to €36,938
- Trade debts +€86,937
up €86,937 (+83.5%), from €104,116 to €191,053
- Gross operating margin +€16,289
up €16,289 (+46.6%), from -€34,933 to -€18,645
- Financial charges +€9,451
up €9,451 (+824%), from €1,147 to €10,598
- Other operating charges -€3,873
down €3,873 (-69.8%), from €5,546 to €1,673
- Financial income -€2,277
down €2,277 (-13.1%), from €17,366 to €15,089
- Depreciation -€594
down €594 (-40.3%), from €1,475 to €881
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 | €3,751,373 | €3,965,074 | +€213,701 | +5.7% |
| Fixed assets | 21/28 | €881 | €0 | -€881 | -100% |
| Tangible fixed assets | 22/27 | €881 | €0 | -€881 | -100% |
| Furniture and vehicles | 24 | €881 | €0 | -€881 | -100% |
| Current assets | 29/58 | €3,750,492 | €3,965,074 | +€214,582 | +5.7% |
| Amounts receivable after more than one year | 29 | €300,000 | €300,000 | = | 0.0% |
| Other amounts receivable | 291 | €300,000 | €300,000 | = | 0.0% |
| Stocks and contracts in progress | 3 | €3,312,522 | €3,532,262 | +€219,739 | +6.6% |
| Stocks | 30/36 | €3,312,522 | €3,532,262 | +€219,739 | +6.6% |
| Amounts receivable within one year | 40/41 | €45,420 | €52,070 | +€6,650 | +14.6% |
| Trade receivables | 40 | €5,949 | €41,309 | +€35,360 | +594% |
| Other amounts receivable | 41 | €39,470 | €10,761 | -€28,709 | -72.7% |
| Cash at bank and in hand | 54/58 | €25,330 | €237 | -€25,093 | -99.1% |
| Deferred charges and accrued income | 490/1 | €67,220 | €80,506 | +€13,285 | +19.8% |
| Total equity and liabilities | 10/49 | €3,751,373 | €3,965,074 | +€213,701 | +5.7% |
| Equity | 10/15 | €252,370 | €235,294 | -€17,076 | -6.8% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €233,770 | €216,694 | -€17,076 | -7.3% |
| Distributable reserves | 133 | €233,770 | €216,694 | -€17,076 | -7.3% |
| Amounts payable | 17/49 | €3,499,003 | €3,729,780 | +€230,777 | +6.6% |
| Amounts payable after more than one year | 17 | €158,500 | €158,500 | = | 0.0% |
| Financial debts | 170/4 | €158,500 | €158,500 | = | 0.0% |
| Amounts payable within one year | 42/48 | €3,340,503 | €3,570,707 | +€230,204 | +6.9% |
| Financial debts | 43 | €400,000 | €36,938 | -€363,062 | -90.8% |
| Credit institutions | 430/8 | €400,000 | €36,938 | -€363,062 | -90.8% |
| Trade debts | 44 | €104,116 | €191,053 | +€86,937 | +83.5% |
| Suppliers | 440/4 | €104,116 | €191,053 | +€86,937 | +83.5% |
| Advances received on contracts in progress | 46 | €2,833,224 | €3,328,434 | +€495,210 | +17.5% |
| Taxes, remuneration and social security | 45 | €3,162 | €14,281 | +€11,119 | +352% |
| Taxes | 450/3 | €3,162 | €14,281 | +€11,119 | +352% |
| Accrued charges and deferred income | 492/3 | - | €573 | +€573 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €1,475 | €881 | -€594 | -40.3% |
| Other operating charges | 640/8 | €5,546 | €1,673 | -€3,873 | -69.8% |
| Gross operating margin | 9900 | -€34,933 | -€18,645 | +€16,289 | +46.6% |
| Operating profit (loss) | 9901 | -€41,954 | -€21,198 | +€20,756 | +49.5% |
| Financial income | 75/76B | €17,366 | €15,089 | -€2,277 | -13.1% |
| Recurring financial income | 75 | €17,366 | €15,089 | -€2,277 | -13.1% |
| Financial charges | 65/66B | €1,147 | €10,598 | +€9,451 | +824% |
| Recurring financial charges | 65 | €1,147 | €10,598 | +€9,451 | +824% |
| Profit (loss) for the period before taxes | 9903 | -€25,735 | -€16,707 | +€9,028 | +35.1% |
| Income taxes | 67/77 | €286 | €369 | +€83 | +29.1% |
| Profit (loss) for the period | 9904 | -€26,021 | -€17,076 | +€8,945 | +34.4% |
| Profit (loss) for the period to be appropriated | 9905 | -€26,021 | -€17,076 | +€8,945 | +34.4% |
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 20 October 2026 via checked.be.