Hans Cornelis: 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.
Hans Cornelis
Largest movements
- Tangible fixed assets -€115,129
down €115,129 (-30.0%), from €383,215 to €268,086
of which Furniture and vehicles: -€82,190
- Profit (loss) carried forward -€83,554
down €83,554 (-181%), from -€46,090 to -€129,644
- Debts after one year -€48,193
down €48,193 (-22.6%), from €212,785 to €164,591
- Other debts +€34,113
up €34,113 (+21.9%), from €155,732 to €189,845
- Current portion of long-term debt -€18,805
down €18,805 (-58.0%), from €32,449 to €13,645
- Depreciation -€13,698
down €13,698 (-29.4%), from €46,637 to €32,939
- Gross operating margin -€10,006
down €10,006, from €5,506 to -€4,500
- Other operating charges -€511
down €511 (-100%), from €511 to €0
- Financial charges -€397
down €397 (-9.2%), from €4,322 to €3,925
- Taxes -€172
down €172 (-100%), from €172 to €0
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 | €386,135 | €268,957 | -€117,177 | -30.3% |
| Fixed assets | 21/28 | €383,215 | €268,086 | -€115,129 | -30.0% |
| Tangible fixed assets | 22/27 | €383,215 | €268,086 | -€115,129 | -30.0% |
| Land and buildings | 22 | €272,317 | €246,942 | -€25,375 | -9.3% |
| Plant, machinery and equipment | 23 | €28,708 | €21,144 | -€7,564 | -26.3% |
| Furniture and vehicles | 24 | €82,190 | €0 | -€82,190 | -100% |
| Current assets | 29/58 | €2,920 | €871 | -€2,049 | -70.2% |
| Amounts receivable within one year | 40/41 | €1,873 | €686 | -€1,187 | -63.4% |
| Trade receivables | 40 | €1,620 | €686 | -€934 | -57.6% |
| Other amounts receivable | 41 | €253 | €0 | -€253 | -100% |
| Cash at bank and in hand | 54/58 | €1,047 | €185 | -€862 | -82.3% |
| Deferred charges and accrued income | 490/1 | €0 | - | = | |
| Total equity and liabilities | 10/49 | €386,135 | €268,957 | -€117,177 | -30.3% |
| Equity | 10/15 | -€15,612 | -€99,166 | -€83,554 | -535% |
| Contributions | 10/11 | €20,000 | €20,000 | = | 0.0% |
| Reserves | 13 | €10,478 | €10,478 | = | 0.0% |
| Distributable reserves | 133 | €10,478 | €10,478 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€46,090 | -€129,644 | -€83,554 | -181% |
| Amounts payable | 17/49 | €401,747 | €368,123 | -€33,623 | -8.4% |
| Amounts payable after more than one year | 17 | €212,785 | €164,591 | -€48,193 | -22.6% |
| Financial debts | 170/4 | €212,785 | €164,591 | -€48,193 | -22.6% |
| Amounts payable within one year | 42/48 | €188,962 | €203,532 | +€14,570 | +7.7% |
| Current portion of amounts payable after more than one year | 42 | €32,449 | €13,645 | -€18,805 | -58.0% |
| Financial debts | 43 | €609 | €42 | -€567 | -93.1% |
| Credit institutions | 430/8 | €609 | €42 | -€567 | -93.1% |
| Trade debts | 44 | €0 | - | = | |
| Suppliers | 440/4 | €0 | - | = | |
| Taxes, remuneration and social security | 45 | €172 | €0 | -€172 | -100% |
| Taxes | 450/3 | €172 | €0 | -€172 | -100% |
| Other amounts payable | 47/48 | €155,732 | €189,845 | +€34,113 | +21.9% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €46,637 | €32,939 | -€13,698 | -29.4% |
| Other operating charges | 640/8 | €511 | €0 | -€511 | -100% |
| Non-recurring operating charges | 66A | - | €42,190 | +€42,190 | |
| Gross operating margin | 9900 | €5,506 | -€4,500 | -€10,006 | |
| Operating profit (loss) | 9901 | -€41,642 | -€79,629 | -€37,987 | -91.2% |
| Financial income | 75/76B | €46 | €1 | -€45 | -98.8% |
| Recurring financial income | 75 | €46 | €1 | -€45 | -98.8% |
| Financial charges | 65/66B | €4,322 | €3,925 | -€397 | -9.2% |
| Recurring financial charges | 65 | €4,322 | €3,925 | -€397 | -9.2% |
| Profit (loss) for the period before taxes | 9903 | -€45,918 | -€83,554 | -€37,636 | -82.0% |
| Income taxes | 67/77 | €172 | €0 | -€172 | -100% |
| Profit (loss) for the period | 9904 | -€46,090 | -€83,554 | -€37,464 | -81.3% |
| Profit (loss) for the period to be appropriated | 9905 | -€46,090 | -€83,554 | -€37,464 | -81.3% |
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 25 October 2026 via checked.be.