IMMO 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.
IMMO CORNELIS
Largest movements
- Tangible fixed assets +€174,423
up €174,423 (+215%), from €81,165 to €255,588
of which Land and buildings: +€144,519
- Receivables within one year +€94,079
up €94,079 (+81.8%), from €115,078 to €209,157
of which Trade receivables: +€74,063
- Cash -€58,354
down €58,354 (-65.1%), from €89,648 to €31,294
mainly Investment in fixed assets (net) (-€197,530) and Receivables within one year (-€94,079)
- Debts after one year +€112,422
new in 2026: €112,422
- Profit (loss) carried forward +€63,429
up €63,429 (+73.0%), from €86,900 to €150,329
- Current portion of long-term debt +€42,354
new in 2026: €42,354
- Trade debts +€12,643
up €12,643 (+17.0%), from €74,462 to €87,105
- Tax, wage and social debts -€12,383
down €12,383 (-20.7%), from €59,840 to €47,457
- Gross operating margin +€102,907
up €102,907 (+47.3%), from €217,333 to €320,240
- Staff costs +€93,500
up €93,500 (+84.3%), from €110,873 to €204,373
- Taxes -€11,198
down €11,198 (-39.5%), from €28,338 to €17,140
- Financial charges +€7,352
up €7,352 (+166%), from €4,439 to €11,791
- Depreciation +€5,872
up €5,872 (+34.1%), from €17,235 to €23,107
From the 2025 result to the 2026 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 2025 and 2026 balance sheets and the 2026 result: not a filed cash-flow statement. It shows where the money came from and went.
Every line side by side
| Line | Code | 2025 | 2026 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €285,891 | €496,039 | +€210,148 | +73.5% |
| Fixed assets | 21/28 | €81,165 | €255,588 | +€174,423 | +215% |
| Tangible fixed assets | 22/27 | €81,165 | €255,588 | +€174,423 | +215% |
| Land and buildings | 22 | €64,792 | €209,311 | +€144,519 | +223% |
| Plant, machinery and equipment | 23 | €5,715 | €11,330 | +€5,615 | +98.3% |
| Furniture and vehicles | 24 | €10,658 | €34,947 | +€24,289 | +228% |
| Current assets | 29/58 | €204,726 | €240,451 | +€35,725 | +17.5% |
| Amounts receivable within one year | 40/41 | €115,078 | €209,157 | +€94,079 | +81.8% |
| Trade receivables | 40 | €112,024 | €186,087 | +€74,063 | +66.1% |
| Other amounts receivable | 41 | €3,054 | €23,070 | +€20,016 | +655% |
| Cash at bank and in hand | 54/58 | €89,648 | €31,294 | -€58,354 | -65.1% |
| Total equity and liabilities | 10/49 | €285,891 | €496,039 | +€210,148 | +73.5% |
| Equity | 10/15 | €105,500 | €168,929 | +€63,429 | +60.1% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Profit (loss) carried forward | 14 | €86,900 | €150,329 | +€63,429 | +73.0% |
| Provisions and deferred taxes | 16 | €10,000 | €10,000 | = | 0.0% |
| Provisions for liabilities and charges | 160/5 | €10,000 | €10,000 | = | 0.0% |
| Other liabilities and charges | 164/5 | €10,000 | €10,000 | = | 0.0% |
| Amounts payable | 17/49 | €170,391 | €317,110 | +€146,719 | +86.1% |
| Amounts payable after more than one year | 17 | - | €112,422 | +€112,422 | |
| Financial debts | 170/4 | - | €112,422 | +€112,422 | |
| Amounts payable within one year | 42/48 | €170,389 | €204,688 | +€34,299 | +20.1% |
| Current portion of amounts payable after more than one year | 42 | - | €42,354 | +€42,354 | |
| Trade debts | 44 | €74,462 | €87,105 | +€12,643 | +17.0% |
| Suppliers | 440/4 | €74,462 | €87,105 | +€12,643 | +17.0% |
| Advances received on contracts in progress | 46 | €847 | - | -€847 | |
| Taxes, remuneration and social security | 45 | €59,840 | €47,457 | -€12,383 | -20.7% |
| Taxes | 450/3 | €59,840 | €47,457 | -€12,383 | -20.7% |
| Other amounts payable | 47/48 | €35,240 | €27,772 | -€7,468 | -21.2% |
| Accrued charges and deferred income | 492/3 | €2 | - | -€2 | |
| Remuneration, social security and pensions | 62 | €110,873 | €204,373 | +€93,500 | +84.3% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €17,235 | €23,107 | +€5,872 | +34.1% |
| Other operating charges | 640/8 | €2,768 | €400 | -€2,368 | -85.5% |
| Gross operating margin | 9900 | €217,333 | €320,240 | +€102,907 | +47.3% |
| Operating profit (loss) | 9901 | €86,457 | €92,360 | +€5,903 | +6.8% |
| Financial charges | 65/66B | €4,439 | €11,791 | +€7,352 | +166% |
| Recurring financial charges | 65 | €4,439 | €11,791 | +€7,352 | +166% |
| Profit (loss) for the period before taxes | 9903 | €82,018 | €80,569 | -€1,449 | -1.8% |
| Income taxes | 67/77 | €28,338 | €17,140 | -€11,198 | -39.5% |
| Profit (loss) for the period | 9904 | €53,680 | €63,429 | +€9,749 | +18.2% |
| Profit (loss) for the period to be appropriated | 9905 | €53,680 | €63,429 | +€9,749 | +18.2% |
Source: filed annual accounts (NBB), financial years ended 31 March 2025 and 31 March 2026. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 14 October 2026 via checked.be.