JOHAN CORNU: what changed
Two fiscal 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.
JOHAN CORNU
Largest movements
- Cash -€30,546
no longer reported in 2024 (was €30,546)
mainly Tax, wage and social debts (-€22,748) and Receivables within one year (-€18,126)
- Receivables within one year +€18,126
up €18,126 (+10.1%), from €180,265 to €198,391
- Tangible fixed assets -€4,753
no longer reported in 2024 (was €4,753)
- Tax, wage and social debts -€22,748
down €22,748 (-69.8%), from €32,573 to €9,825
- Reserves +€4,462
up €4,462 (+2.7%), from €164,474 to €168,936
of which Distributable reserves: +€10,953
- Financial income +€2,590
up €2,590 (+30.5%), from €8,504 to €11,094
- Taxes +€2,180
up €2,180 (+59.2%), from €3,685 to €5,865
- Gross operating margin -€1,944
down €1,944, from €1,810 to -€134
- Other operating charges -€461
down €461 (-53.4%), from €863 to €402
- Depreciation -€433
no longer reported in 2024 (was €433)
From the 2023 result to the 2024 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.
Cash bridge derived
Derived from the 2023 and 2024 balance sheets and the 2024 result: not a filed cash-flow statement. It shows where the money came from and went.
Every line side by side
| Line | Code | 2023 | 2024 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €216,504 | €198,532 | -€17,972 | -8.3% |
| Fixed assets | 21/28 | €4,981 | €141 | -€4,840 | -97.2% |
| Tangible fixed assets | 22/27 | €4,753 | - | -€4,753 | |
| Furniture and vehicles | 24 | €4,753 | - | -€4,753 | |
| Financial fixed assets | 28 | €228 | €141 | -€87 | -38.2% |
| Current assets | 29/58 | €211,523 | €198,391 | -€13,132 | -6.2% |
| Amounts receivable within one year | 40/41 | €180,265 | €198,391 | +€18,126 | +10.1% |
| Other amounts receivable | 41 | €180,265 | €198,391 | +€18,126 | +10.1% |
| Cash at bank and in hand | 54/58 | €30,546 | - | -€30,546 | |
| Deferred charges and accrued income | 490/1 | €712 | - | -€712 | |
| Total equity and liabilities | 10/49 | €216,504 | €198,532 | -€17,972 | -8.3% |
| Equity | 10/15 | €183,074 | €187,536 | +€4,462 | +2.4% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €164,474 | €168,936 | +€4,462 | +2.7% |
| Non-distributable reserves | 130/1 | €1,860 | €1,860 | = | 0.0% |
| Reserves not available under the articles | 1311 | €1,860 | €1,860 | = | 0.0% |
| Tax-exempt reserves | 132 | €6,491 | - | -€6,491 | |
| Distributable reserves | 133 | €156,123 | €167,076 | +€10,953 | +7.0% |
| Amounts payable | 17/49 | €33,430 | €10,996 | -€22,434 | -67.1% |
| Amounts payable within one year | 42/48 | €33,430 | €10,608 | -€22,822 | -68.3% |
| Financial debts | 43 | - | €756 | +€756 | |
| Credit institutions | 430/8 | - | €756 | +€756 | |
| Trade debts | 44 | €857 | €27 | -€830 | -96.8% |
| Suppliers | 440/4 | €857 | €27 | -€830 | -96.8% |
| Taxes, remuneration and social security | 45 | €32,573 | €9,825 | -€22,748 | -69.8% |
| Taxes | 450/3 | €32,573 | €9,825 | -€22,748 | -69.8% |
| Accrued charges and deferred income | 492/3 | - | €388 | +€388 | |
| Non-recurring operating income | 76A | - | €7,390 | +€7,390 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €433 | - | -€433 | |
| Other operating charges | 640/8 | €863 | €402 | -€461 | -53.4% |
| Gross operating margin | 9900 | €1,810 | -€134 | -€1,944 | |
| Operating profit (loss) | 9901 | €514 | -€536 | -€1,050 | |
| Financial income | 75/76B | €8,504 | €11,094 | +€2,590 | +30.5% |
| Recurring financial income | 75 | €8,504 | €11,094 | +€2,590 | +30.5% |
| Financial charges | 65/66B | €186 | €231 | +€45 | +24.2% |
| Recurring financial charges | 65 | €186 | €231 | +€45 | +24.2% |
| Profit (loss) for the period before taxes | 9903 | €8,832 | €10,327 | +€1,495 | +16.9% |
| Income taxes | 67/77 | €3,685 | €5,865 | +€2,180 | +59.2% |
| Profit (loss) for the period | 9904 | €5,147 | €4,462 | -€685 | -13.3% |
| Transfer from tax-exempt reserves | 789 | - | €6,491 | +€6,491 | |
| Profit (loss) for the period to be appropriated | 9905 | €5,147 | €10,953 | +€5,806 | +112.8% |
Source: filed annual accounts (NBB), fiscal years ended 31 December 2023 and 31 December 2024. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 30 September 2026 via checked.be.