STIJN CORNILLY: 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.
What changed
STIJN CORNILLY
NACE 81.300, Landscape service activities
financial year 2024 against 2025filed annual accounts (NBB)
Net result for the year
€138,228
2024 · €557,310-€419,082
Equity
€1.6m
2024 · €1.5m+€58,228
Cash
€38,901
2024 · €39,542-€640
Balance sheet total
€4.4m
2024 · €3.1m+€1.3m
Largest movements
Assets
- Tangible fixed assets +€1.2m
up €1.2m (+42.4%), from €2.8m to €3.9m
of which Land and buildings: +€1.2m
- Receivables within one year -€180,806
down €180,806 (-64.5%), from €280,122 to €99,317
of which Other amounts receivable: -€187,056
- Receivables after one year +€166,848
new in 2025: €166,848
- Deferred charges and accrued income +€146,289
up €146,289 (+6652.7%), from €2,199 to €148,488
Equity and liabilities
- Short-term financial debts +€1.2m
up €1.2m (+1225.0%), from €100,000 to €1.3m
- Trade debts +€196,093
up €196,093 (+747.7%), from €26,225 to €222,319
- Debts after one year -€114,488
down €114,488 (-10.2%), from €1.1m to €1.0m
- Tax, wage and social debts -€70,748
down €70,748 (-82.4%), from €85,865 to €15,117
of which Taxes: -€69,038
- Reserves +€58,228
up €58,228 (+5.4%), from €1.1m to €1.1m
of which Distributable reserves: +€72,819
Income statement
- Depreciation +€278,858
up €278,858 (+292.6%), from €95,305 to €374,163
- Gross operating margin -€189,384
down €189,384 (-20.9%), from €905,293 to €715,908
- Staff costs -€62,867
down €62,867, from €62,132 to -€735
- Taxes +€59,256
up €59,256 (+684.8%), from €8,653 to €67,908
- Financial charges +€29,134
up €29,134 (+63.8%), from €45,637 to €74,771
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.
Result 2024
€557,310
Gross operating margin
-€189,384
Staff costs
+€62,867
Depreciation
-€278,858
Other operating charges
-€2,341
Other operating items
-€55,845
Financial income
-€9,823
Financial charges
-€29,134
Taxes
-€59,256
Deferred taxes and other
+€142,692
Result 2025
€138,228
Cash bridge derived
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.
From operations
+€510,144
Investment
-€1.5m
Financing
+€1.0m
Cash 2024
€39,542
From operations (derived)
+€510,144
Net result for the year
+€138,228
Depreciation
+€374,163
Receivables after one year
-€166,848
Stocks and contracts
+€34,611
Receivables within one year
+€180,806
Deferred charges and accrued income
-€146,289
Smaller working-capital items
-€637
Trade debts
+€196,093
Tax, wage and social debts
-€70,748
Accrued charges and deferred income
-€29,235
Investment (derived)
-€1.5m
Investment in fixed assets (net)
-€1.5m
Financing
+€1.0m
Debts after one year
-€114,488
Current portion of long-term debt
+€1,923
Short-term financial debts
+€1.2m
Contributions, distributions and other
-€80,000
Cash 2025
€38,901
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €3,148,024 | €4,414,160 | +€1.3m | +40.2% |
| Fixed assets | 21/28 | €2,755,850 | €3,924,906 | +€1.2m | +42.4% |
| Tangible fixed assets | 22/27 | €2,755,599 | €3,924,655 | +€1.2m | +42.4% |
| Land and buildings | 22 | €2,653,583 | €3,863,930 | +€1.2m | +45.6% |
| Plant, machinery and equipment | 23 | €19,732 | €41,727 | +€21,996 | +111.5% |
| Furniture and vehicles | 24 | €26,439 | €18,998 | -€7,442 | -28.1% |
| Leasing and similar rights | 25 | €0 | - | = | |
| Other tangible fixed assets | 26 | €55,845 | €0 | -€55,845 | -100.0% |
| Assets under construction and advance payments | 27 | €0 | - | = | |
| Financial fixed assets | 28 | €251 | €251 | = | 0.0% |
| Current assets | 29/58 | €392,174 | €489,254 | +€97,080 | +24.8% |
| Amounts receivable after more than one year | 29 | - | €166,848 | +€166,848 | |
| Other amounts receivable | 291 | - | €166,848 | +€166,848 | |
| Stocks and contracts in progress | 3 | €70,311 | €35,700 | -€34,611 | -49.2% |
| Stocks | 30/36 | €34,350 | €35,700 | +€1,350 | +3.9% |
| Contracts in progress | 37 | €35,961 | €0 | -€35,961 | -100.0% |
| Amounts receivable within one year | 40/41 | €280,122 | €99,317 | -€180,806 | -64.5% |
| Trade receivables | 40 | €10,871 | €17,121 | +€6,251 | +57.5% |
| Other amounts receivable | 41 | €269,252 | €82,195 | -€187,056 | -69.5% |
| Cash at bank and in hand | 54/58 | €39,542 | €38,901 | -€640 | -1.6% |
| Deferred charges and accrued income | 490/1 | €2,199 | €148,488 | +€146,289 | +6652.7% |
| Total equity and liabilities | 10/49 | €3,148,024 | €4,414,160 | +€1.3m | +40.2% |
| Equity | 10/15 | €1,533,181 | €1,591,409 | +€58,228 | +3.8% |
| Contributions | 10/11 | €370,000 | €370,000 | = | 0.0% |
| Reserves | 13 | €1,087,887 | €1,146,115 | +€58,228 | +5.4% |
| Non-distributable reserves | 130/1 | €0 | - | = | |
| Reserves not available under the articles | 1311 | €0 | - | = | |
| Tax-exempt reserves | 132 | €556,177 | €541,586 | -€14,591 | -2.6% |
| Distributable reserves | 133 | €531,709 | €604,528 | +€72,819 | +13.7% |
| Profit (loss) carried forward | 14 | €75,295 | €75,295 | = | 0.0% |
| Provisions and deferred taxes | 16 | €139,044 | €135,397 | -€3,648 | -2.6% |
| Deferred taxes | 168 | €139,044 | €135,397 | -€3,648 | -2.6% |
| Amounts payable | 17/49 | €1,475,798 | €2,687,354 | +€1.2m | +82.1% |
| Amounts payable after more than one year | 17 | €1,120,098 | €1,005,610 | -€114,488 | -10.2% |
| Financial debts | 170/4 | €1,120,098 | €1,005,610 | -€114,488 | -10.2% |
| Amounts payable within one year | 42/48 | €324,655 | €1,679,933 | +€1.4m | +417.5% |
| Current portion of amounts payable after more than one year | 42 | €112,565 | €114,488 | +€1,923 | +1.7% |
| Financial debts | 43 | €100,000 | €1,325,000 | +€1.2m | +1225.0% |
| Credit institutions | 430/8 | €100,000 | €1,325,000 | +€1.2m | +1225.0% |
| Trade debts | 44 | €26,225 | €222,319 | +€196,093 | +747.7% |
| Suppliers | 440/4 | €26,225 | €222,319 | +€196,093 | +747.7% |
| Advances received on contracts in progress | 46 | €0 | €3,010 | +€3,010 | |
| Taxes, remuneration and social security | 45 | €85,865 | €15,117 | -€70,748 | -82.4% |
| Taxes | 450/3 | €84,155 | €15,117 | -€69,038 | -82.0% |
| Remuneration and social security | 454/9 | €1,710 | €0 | -€1,710 | -100.0% |
| Accrued charges and deferred income | 492/3 | €31,045 | €1,811 | -€29,235 | -94.2% |
| Non-recurring operating income | 76A | €867,996 | €15,344 | -€852,652 | -98.2% |
| Remuneration, social security and pensions | 62 | €62,132 | -€735 | -€62,867 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €95,305 | €374,163 | +€278,858 | +292.6% |
| Other operating charges | 640/8 | €11,675 | €14,016 | +€2,341 | +20.1% |
| Non-recurring operating charges | 66A | - | €55,845 | +€55,845 | |
| Gross operating margin | 9900 | €905,293 | €715,908 | -€189,384 | -20.9% |
| Operating profit (loss) | 9901 | €736,181 | €272,619 | -€463,563 | -63.0% |
| Financial income | 75/76B | €14,463 | €4,641 | -€9,823 | -67.9% |
| Recurring financial income | 75 | €14,463 | €4,641 | -€9,823 | -67.9% |
| Financial charges | 65/66B | €45,637 | €74,771 | +€29,134 | +63.8% |
| Recurring financial charges | 65 | €45,637 | €74,771 | +€29,134 | +63.8% |
| Profit (loss) for the period before taxes | 9903 | €705,007 | €202,488 | -€502,519 | -71.3% |
| Transfer from deferred taxes | 780 | - | €3,648 | +€3,648 | |
| Transfer to deferred taxes | 680 | €139,044 | €0 | -€139,044 | -100.0% |
| Income taxes | 67/77 | €8,653 | €67,908 | +€59,256 | +684.8% |
| Profit (loss) for the period | 9904 | €557,310 | €138,228 | -€419,082 | -75.2% |
| Transfer from tax-exempt reserves | 789 | - | €14,591 | +€14,591 | |
| Transfer to tax-exempt reserves | 689 | €556,177 | €0 | -€556,177 | -100.0% |
| Profit (loss) for the period to be appropriated | 9905 | €1,133 | €152,819 | +€151,686 | +13390.7% |
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 12 October 2026 via checked.be.