JORIS 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.
JORIS CORNELIS
Largest movements
- Cash +€109,177
up €109,177 (+21.3%), from €512,422 to €621,599
mainly Net result for the year (+€225,881) and Receivables within one year (+€102,966)
- Receivables within one year -€102,966
down €102,966 (-99.7%), from €103,256 to €290
of which Trade receivables: -€87,936
- Tangible fixed assets -€26,876
down €26,876 (-6.1%), from €444,060 to €417,184
of which Furniture and vehicles: -€17,096
- Receivables after one year -€20,563
no longer reported in 2025 (was €20,563)
- Reserves -€33,723
down €33,723 (-3.4%), from €985,838 to €952,115
- Tax, wage and social debts -€16,359
down €16,359 (-22.3%), from €73,509 to €57,150
- Gross operating margin -€71,316
down €71,316 (-16.7%), from €426,352 to €355,036
- Taxes -€24,152
down €24,152 (-19.6%), from €123,386 to €99,234
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 | €1,081,875 | €1,041,924 | -€39,951 | -3.7% |
| Fixed assets | 21/28 | €444,060 | €419,044 | -€25,016 | -5.6% |
| Tangible fixed assets | 22/27 | €444,060 | €417,184 | -€26,876 | -6.1% |
| Land and buildings | 22 | €366,658 | €356,878 | -€9,780 | -2.7% |
| Furniture and vehicles | 24 | €77,402 | €60,306 | -€17,096 | -22.1% |
| Financial fixed assets | 28 | - | €1,860 | +€1,860 | |
| Current assets | 29/58 | €637,815 | €622,880 | -€14,935 | -2.3% |
| Amounts receivable after more than one year | 29 | €20,563 | - | -€20,563 | |
| Other amounts receivable | 291 | €20,563 | - | -€20,563 | |
| Amounts receivable within one year | 40/41 | €103,256 | €290 | -€102,966 | -99.7% |
| Trade receivables | 40 | €88,226 | €290 | -€87,936 | -99.7% |
| Other amounts receivable | 41 | €15,030 | - | -€15,030 | |
| Cash at bank and in hand | 54/58 | €512,422 | €621,599 | +€109,177 | +21.3% |
| Deferred charges and accrued income | 490/1 | €1,574 | €991 | -€583 | -37.0% |
| Total equity and liabilities | 10/49 | €1,081,875 | €1,041,924 | -€39,951 | -3.7% |
| Equity | 10/15 | €998,238 | €964,515 | -€33,723 | -3.4% |
| Contributions | 10/11 | €12,400 | €12,400 | = | 0.0% |
| Reserves | 13 | €985,838 | €952,115 | -€33,723 | -3.4% |
| Distributable reserves | 133 | €985,838 | €952,115 | -€33,723 | -3.4% |
| Amounts payable | 17/49 | €83,637 | €77,409 | -€6,228 | -7.4% |
| Amounts payable within one year | 42/48 | €81,168 | €74,924 | -€6,244 | -7.7% |
| Trade debts | 44 | €7,659 | €12,654 | +€4,995 | +65.2% |
| Suppliers | 440/4 | €7,659 | €12,654 | +€4,995 | +65.2% |
| Taxes, remuneration and social security | 45 | €73,509 | €57,150 | -€16,359 | -22.3% |
| Taxes | 450/3 | €73,509 | €57,150 | -€16,359 | -22.3% |
| Other amounts payable | 47/48 | - | €5,120 | +€5,120 | |
| Accrued charges and deferred income | 492/3 | €2,469 | €2,485 | +€16 | +0.6% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €25,207 | €28,026 | +€2,819 | +11.2% |
| Other operating charges | 640/8 | €3,292 | €2,374 | -€918 | -27.9% |
| Gross operating margin | 9900 | €426,352 | €355,036 | -€71,316 | -16.7% |
| Operating profit (loss) | 9901 | €397,853 | €324,636 | -€73,217 | -18.4% |
| Financial income | 75/76B | €1,734 | €651 | -€1,083 | -62.5% |
| Recurring financial income | 75 | €1,734 | €651 | -€1,083 | -62.5% |
| Financial charges | 65/66B | €497 | €172 | -€325 | -65.4% |
| Recurring financial charges | 65 | €497 | €172 | -€325 | -65.4% |
| Profit (loss) for the period before taxes | 9903 | €399,090 | €325,115 | -€73,975 | -18.5% |
| Income taxes | 67/77 | €123,386 | €99,234 | -€24,152 | -19.6% |
| Profit (loss) for the period | 9904 | €275,704 | €225,881 | -€49,823 | -18.1% |
| Profit (loss) for the period to be appropriated | 9905 | €275,704 | €225,881 | -€49,823 | -18.1% |
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 22 October 2026 via checked.be.