Dr. EMJ CORNIPS: 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.
Dr. EMJ CORNIPS
Largest movements
- Current investments +€105,010
up €105,010 (+152%), from €68,913 to €173,923
- Deferred charges and accrued income +€27,406
up €27,406 (+14.4%), from €189,675 to €217,081
- Tangible fixed assets -€23,356
down €23,356 (-47.5%), from €49,172 to €25,816
- Other debts +€248,598
up €248,598 (+471%), from €52,796 to €301,394
- Reserves -€147,462
down €147,462 (-47.8%), from €308,611 to €161,149
- Tax, wage and social debts +€24,361
up €24,361 (+136%), from €17,956 to €42,317
- Debts after one year -€15,216
down €15,216 (-92.3%), from €16,489 to €1,273
- Gross operating margin +€60,567
up €60,567 (+18.3%), from €330,682 to €391,250
- Taxes +€16,304
up €16,304 (+22.5%), from €72,570 to €88,874
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 | €418,089 | €527,823 | +€109,734 | +26.2% |
| Fixed assets | 21/28 | €49,292 | €25,936 | -€23,356 | -47.4% |
| Tangible fixed assets | 22/27 | €49,172 | €25,816 | -€23,356 | -47.5% |
| Furniture and vehicles | 24 | €49,172 | €25,816 | -€23,356 | -47.5% |
| Financial fixed assets | 28 | €120 | €120 | = | 0.0% |
| Current assets | 29/58 | €368,797 | €501,887 | +€133,090 | +36.1% |
| Amounts receivable within one year | 40/41 | €2,900 | €0 | -€2,900 | -100% |
| Trade receivables | 40 | €2,900 | €0 | -€2,900 | -100% |
| Current investments | 50/53 | €68,913 | €173,923 | +€105,010 | +152% |
| Cash at bank and in hand | 54/58 | €107,310 | €110,883 | +€3,573 | +3.3% |
| Deferred charges and accrued income | 490/1 | €189,675 | €217,081 | +€27,406 | +14.4% |
| Total equity and liabilities | 10/49 | €418,089 | €527,823 | +€109,734 | +26.2% |
| Equity | 10/15 | €313,611 | €166,149 | -€147,462 | -47.0% |
| Contributions | 10/11 | €5,000 | €5,000 | = | 0.0% |
| Reserves | 13 | €308,611 | €161,149 | -€147,462 | -47.8% |
| Distributable reserves | 133 | €308,611 | €161,149 | -€147,462 | -47.8% |
| Profit (loss) carried forward | 14 | €0 | €0 | = | |
| Amounts payable | 17/49 | €104,478 | €361,674 | +€257,196 | +246% |
| Amounts payable after more than one year | 17 | €16,489 | €1,273 | -€15,216 | -92.3% |
| Financial debts | 170/4 | €16,489 | €1,273 | -€15,216 | -92.3% |
| Amounts payable within one year | 42/48 | €86,961 | €360,401 | +€273,440 | +314% |
| Current portion of amounts payable after more than one year | 42 | €15,102 | €15,216 | +€113 | +0.8% |
| Trade debts | 44 | €1,106 | €1,473 | +€368 | +33.2% |
| Suppliers | 440/4 | €1,106 | €1,473 | +€368 | +33.2% |
| Taxes, remuneration and social security | 45 | €17,956 | €42,317 | +€24,361 | +136% |
| Taxes | 450/3 | €17,956 | €42,317 | +€24,361 | +136% |
| Other amounts payable | 47/48 | €52,796 | €301,394 | +€248,598 | +471% |
| Accrued charges and deferred income | 492/3 | €1,028 | €0 | -€1,028 | -100% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €24,100 | €24,556 | +€456 | +1.9% |
| Other operating charges | 640/8 | €868 | €1,400 | +€532 | +61.3% |
| Gross operating margin | 9900 | €330,682 | €391,250 | +€60,567 | +18.3% |
| Operating profit (loss) | 9901 | €305,713 | €365,293 | +€59,580 | +19.5% |
| Financial income | 75/76B | €1,309 | €1,446 | +€138 | +10.5% |
| Recurring financial income | 75 | €1,309 | €1,446 | +€138 | +10.5% |
| Financial charges | 65/66B | €1,797 | €329 | -€1,469 | -81.7% |
| Recurring financial charges | 65 | €1,797 | €329 | -€1,469 | -81.7% |
| Profit (loss) for the period before taxes | 9903 | €305,225 | €366,411 | +€61,186 | +20.0% |
| Income taxes | 67/77 | €72,570 | €88,874 | +€16,304 | +22.5% |
| Profit (loss) for the period | 9904 | €232,656 | €277,538 | +€44,882 | +19.3% |
| Profit (loss) for the period to be appropriated | 9905 | €232,656 | €277,538 | +€44,882 | +19.3% |
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 28 October 2026 via checked.be.