DR. CORNELIS M.T.: what changed
DR. CORNELIS M.T.
Largest movements
- Cash +€33,073
up €33,073 (+28.5%), from €116,180 to €149,253
mainly Net result for the year (+€30,080) and Other debts (+€18,746)
- Tangible fixed assets -€5,111
down €5,111 (-11.1%), from €46,138 to €41,026
of which Plant, machinery and equipment: -€6,357
- Receivables within one year -€3,214
down €3,214 (-100%), from €3,214 to €0
- Other debts +€18,746
up €18,746, from €0 to €18,746
- Tax, wage and social debts +€3,780
up €3,780 (+51.5%), from €7,341 to €11,121
- Trade debts +€2,142
up €2,142 (+814%), from €263 to €2,405
- Gross operating margin -€17,534
down €17,534 (-24.4%), from €71,890 to €54,355
- Taxes +€9,663
up €9,663 (+153%), from €6,329 to €15,993
- Depreciation -€7,830
down €7,830 (-53.7%), from €14,575 to €6,745
Change in the result, 2024 to 2025
For each income-statement line you see the change as its effect on the result. Higher costs lower the result, higher income raises it.
Derived cash bridge
The bridge is derived from the 2024 and 2025 balance sheets and the 2025 result. There is no filed cash-flow statement. You see where the money came from and where it went.
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €165,819 | €190,567 | +€24,748 | +14.9% |
| Fixed assets | 21/28 | €46,138 | €41,026 | -€5,111 | -11.1% |
| Tangible fixed assets | 22/27 | €46,138 | €41,026 | -€5,111 | -11.1% |
| Plant, machinery and equipment | 23 | €46,138 | €39,780 | -€6,357 | -13.8% |
| Furniture and vehicles | 24 | €0 | €1,246 | +€1,246 | |
| Other tangible fixed assets | 26 | €0 | - | = | |
| Current assets | 29/58 | €119,682 | €149,540 | +€29,859 | +24.9% |
| Amounts receivable within one year | 40/41 | €3,214 | €0 | -€3,214 | -100% |
| Other amounts receivable | 41 | €3,214 | €0 | -€3,214 | -100% |
| Cash at bank and in hand | 54/58 | €116,180 | €149,253 | +€33,073 | +28.5% |
| Deferred charges and accrued income | 490/1 | €287 | €287 | = | 0.0% |
| Total equity and liabilities | 10/49 | €165,819 | €190,567 | +€24,748 | +14.9% |
| Equity | 10/15 | €158,215 | €158,294 | +€80 | +0.1% |
| Contributions | 10/11 | €12,400 | €12,400 | = | 0.0% |
| Reserves | 13 | €145,815 | €145,894 | +€80 | +0.1% |
| Non-distributable reserves | 130/1 | €52,909 | €82,909 | +€30,000 | +56.7% |
| Reserves not available under the articles | 1311 | €52,909 | €82,909 | +€30,000 | +56.7% |
| Distributable reserves | 133 | €92,906 | €62,986 | -€29,920 | -32.2% |
| Profit (loss) carried forward | 14 | €0 | €0 | = | |
| Amounts payable | 17/49 | €7,605 | €32,272 | +€24,668 | +324% |
| Amounts payable within one year | 42/48 | €7,605 | €32,272 | +€24,668 | +324% |
| Trade debts | 44 | €263 | €2,405 | +€2,142 | +814% |
| Suppliers | 440/4 | €263 | €2,405 | +€2,142 | +814% |
| Taxes, remuneration and social security | 45 | €7,341 | €11,121 | +€3,780 | +51.5% |
| Taxes | 450/3 | €7,341 | €11,121 | +€3,780 | +51.5% |
| Other amounts payable | 47/48 | €0 | €18,746 | +€18,746 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €14,575 | €6,745 | -€7,830 | -53.7% |
| Other operating charges | 640/8 | €2,079 | €2,141 | +€63 | +3.0% |
| Gross operating margin | 9900 | €71,890 | €54,355 | -€17,534 | -24.4% |
| Operating profit (loss) | 9901 | €55,236 | €45,468 | -€9,768 | -17.7% |
| Financial income | 75/76B | €1,469 | €879 | -€590 | -40.2% |
| Recurring financial income | 75 | €1,469 | €879 | -€590 | -40.2% |
| Financial charges | 65/66B | €549 | €275 | -€274 | -49.9% |
| Recurring financial charges | 65 | €549 | €275 | -€274 | -49.9% |
| Profit (loss) for the period before taxes | 9903 | €56,156 | €46,073 | -€10,084 | -18.0% |
| Income taxes | 67/77 | €6,329 | €15,993 | +€9,663 | +153% |
| Profit (loss) for the period | 9904 | €49,827 | €30,080 | -€19,747 | -39.6% |
| Profit (loss) for the period to be appropriated | 9905 | €49,827 | €30,080 | -€19,747 | -39.6% |
Next steps
Calculation and sources
Source: filed annual accounts (NBB), financial years ended 31 December 2024 and 31 December 2025. Green is a favourable move for that line, red an unfavourable one. Prepared on 8 November 2026 via checked.be.