Tuinen 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.
Tuinen Cornilly
Largest movements
- Tangible fixed assets +€43,019
up €43,019 (+15.3%), from €281,951 to €324,969
of which Leasing and similar rights: +€53,541
- Cash +€33,144
up €33,144 (+41.4%), from €79,968 to €113,112
mainly Net result for the year (+€52,070) and Depreciation (+€23,849)
- Reserves +€51,237
up €51,237 (+133%), from €38,602 to €89,839
- Tax, wage and social debts +€7,957
up €7,957 (+36.8%), from €21,617 to €29,573
of which Taxes: +€7,957
- Current portion of long-term debt +€7,557
up €7,557 (+21.9%), from €34,500 to €42,057
- Debts after one year +€6,827
up €6,827 (+3.2%), from €212,500 to €219,327
- Depreciation -€28,759
down €28,759 (-54.7%), from €52,608 to €23,849
- Gross operating margin -€5,463
down €5,463 (-4.7%), from €115,684 to €110,221
- Financial charges +€4,856
up €4,856 (+60.3%), from €8,055 to €12,911
- Taxes +€3,474
up €3,474 (+23.2%), from €14,988 to €18,462
- Other operating charges +€2,332
up €2,332 (+390%), from €598 to €2,929
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 | €378,233 | €455,939 | +€77,706 | +20.5% |
| Fixed assets | 21/28 | €283,436 | €326,025 | +€42,589 | +15.0% |
| Intangible fixed assets | 21 | €1,391 | €1,055 | -€336 | -24.1% |
| Tangible fixed assets | 22/27 | €281,951 | €324,969 | +€43,019 | +15.3% |
| Land and buildings | 22 | €243,605 | €255,105 | +€11,500 | +4.7% |
| Plant, machinery and equipment | 23 | €12,808 | €9,268 | -€3,540 | -27.6% |
| Furniture and vehicles | 24 | €25,537 | €7,055 | -€18,483 | -72.4% |
| Leasing and similar rights | 25 | - | €53,541 | +€53,541 | |
| Financial fixed assets | 28 | €94 | €0 | -€94 | -100% |
| Current assets | 29/58 | €94,798 | €129,915 | +€35,117 | +37.0% |
| Amounts receivable within one year | 40/41 | €13,928 | €11,697 | -€2,231 | -16.0% |
| Trade receivables | 40 | €13,928 | €11,681 | -€2,247 | -16.1% |
| Other amounts receivable | 41 | - | €16 | +€16 | |
| Cash at bank and in hand | 54/58 | €79,968 | €113,112 | +€33,144 | +41.4% |
| Deferred charges and accrued income | 490/1 | €902 | €5,106 | +€4,204 | +466% |
| Total equity and liabilities | 10/49 | €378,233 | €455,939 | +€77,706 | +20.5% |
| Equity | 10/15 | €58,602 | €109,839 | +€51,237 | +87.4% |
| Contributions | 10/11 | €20,000 | €20,000 | = | 0.0% |
| Reserves | 13 | €38,602 | €89,839 | +€51,237 | +133% |
| Distributable reserves | 133 | €38,602 | €89,839 | +€51,237 | +133% |
| Profit (loss) carried forward | 14 | €0 | €0 | = | |
| Amounts payable | 17/49 | €319,631 | €346,101 | +€26,469 | +8.3% |
| Amounts payable after more than one year | 17 | €212,500 | €219,327 | +€6,827 | +3.2% |
| Financial debts | 170/4 | €212,500 | €219,327 | +€6,827 | +3.2% |
| Amounts payable within one year | 42/48 | €106,143 | €125,765 | +€19,621 | +18.5% |
| Current portion of amounts payable after more than one year | 42 | €34,500 | €42,057 | +€7,557 | +21.9% |
| Trade debts | 44 | €163 | €1,542 | +€1,379 | +844% |
| Suppliers | 440/4 | €163 | €1,542 | +€1,379 | +844% |
| Advances received on contracts in progress | 46 | €1,091 | €0 | -€1,091 | -100% |
| Taxes, remuneration and social security | 45 | €21,617 | €29,573 | +€7,957 | +36.8% |
| Taxes | 450/3 | €20,317 | €28,273 | +€7,957 | +39.2% |
| Remuneration and social security | 454/9 | €1,300 | €1,300 | = | 0.0% |
| Other amounts payable | 47/48 | €48,772 | €52,592 | +€3,820 | +7.8% |
| Accrued charges and deferred income | 492/3 | €988 | €1,009 | +€22 | +2.2% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €52,608 | €23,849 | -€28,759 | -54.7% |
| Other operating charges | 640/8 | €598 | €2,929 | +€2,332 | +390% |
| Gross operating margin | 9900 | €115,684 | €110,221 | -€5,463 | -4.7% |
| Operating profit (loss) | 9901 | €62,478 | €83,442 | +€20,964 | +33.6% |
| Financial income | 75/76B | €1 | €1 | -€0 | -23.5% |
| Recurring financial income | 75 | €1 | €1 | -€0 | -23.5% |
| Financial charges | 65/66B | €8,055 | €12,911 | +€4,856 | +60.3% |
| Recurring financial charges | 65 | €8,055 | €12,911 | +€4,856 | +60.3% |
| Profit (loss) for the period before taxes | 9903 | €54,423 | €70,532 | +€16,109 | +29.6% |
| Income taxes | 67/77 | €14,988 | €18,462 | +€3,474 | +23.2% |
| Profit (loss) for the period | 9904 | €39,435 | €52,070 | +€12,635 | +32.0% |
| Profit (loss) for the period to be appropriated | 9905 | €39,435 | €52,070 | +€12,635 | +32.0% |
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 15 October 2026 via checked.be.