Cereal: 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.
Cereal
Largest movements
- Cash +€202,584
up €202,584 (+1002.4%), from €20,209 to €222,793
mainly Other debts (+€177,800) and Trade debts (+€107,953)
- Financial fixed assets +€80,000
up €80,000 (+84.7%), from €94,426 to €174,426
- Intangible fixed assets -€27,663
down €27,663 (-66.7%), from €41,460 to €13,797
- Other debts +€177,800
up €177,800 (+749.3%), from €23,729 to €201,529
- Advances received -€140,957
down €140,957 (-100.0%), from €140,957 to €0
- Trade debts +€107,953
up €107,953 (+215.5%), from €50,089 to €158,042
- Short-term financial debts +€101,651
new in 2025: €101,651
- Tax, wage and social debts +€33,023
up €33,023 (+21.4%), from €154,299 to €187,321
of which Taxes: +€31,921
- Gross operating margin +€227,716
up €227,716 (+42.6%), from €534,438 to €762,155
- Staff costs +€223,336
up €223,336 (+48.7%), from €458,426 to €681,762
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.
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.
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €524,842 | €793,586 | +€268,743 | +51.2% |
| Fixed assets | 21/28 | €180,830 | €240,967 | +€60,137 | +33.3% |
| Intangible fixed assets | 21 | €41,460 | €13,797 | -€27,663 | -66.7% |
| Tangible fixed assets | 22/27 | €44,944 | €52,744 | +€7,800 | +17.4% |
| Plant, machinery and equipment | 23 | €3,411 | €2,153 | -€1,258 | -36.9% |
| Furniture and vehicles | 24 | €36,830 | €24,619 | -€12,212 | -33.2% |
| Leasing and similar rights | 25 | - | €21,948 | +€21,948 | |
| Other tangible fixed assets | 26 | €4,703 | €4,025 | -€678 | -14.4% |
| Financial fixed assets | 28 | €94,426 | €174,426 | +€80,000 | +84.7% |
| Current assets | 29/58 | €344,013 | €552,619 | +€208,606 | +60.6% |
| Amounts receivable within one year | 40/41 | €304,600 | €307,939 | +€3,339 | +1.1% |
| Trade receivables | 40 | €298,998 | €218,624 | -€80,374 | -26.9% |
| Other amounts receivable | 41 | €5,601 | €89,315 | +€83,714 | +1494.5% |
| Cash at bank and in hand | 54/58 | €20,209 | €222,793 | +€202,584 | +1002.4% |
| Deferred charges and accrued income | 490/1 | €19,204 | €21,887 | +€2,684 | +14.0% |
| Total equity and liabilities | 10/49 | €524,842 | €793,586 | +€268,743 | +51.2% |
| Equity | 10/15 | €43,649 | €54,854 | +€11,205 | +25.7% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €25,049 | €36,254 | +€11,205 | +44.7% |
| Non-distributable reserves | 130/1 | €0 | - | = | |
| Reserves not available under the articles | 1311 | €0 | - | = | |
| Distributable reserves | 133 | €25,049 | €36,254 | +€11,205 | +44.7% |
| Profit (loss) carried forward | 14 | €0 | - | = | |
| Amounts payable | 17/49 | €481,193 | €738,731 | +€257,538 | +53.5% |
| Amounts payable after more than one year | 17 | €68,037 | €42,737 | -€25,300 | -37.2% |
| Financial debts | 170/4 | €68,037 | €42,737 | -€25,300 | -37.2% |
| Amounts payable within one year | 42/48 | €413,156 | €695,994 | +€282,838 | +68.5% |
| Current portion of amounts payable after more than one year | 42 | €44,083 | €47,451 | +€3,368 | +7.6% |
| Financial debts | 43 | - | €101,651 | +€101,651 | |
| Credit institutions | 430/8 | - | €101,651 | +€101,651 | |
| Trade debts | 44 | €50,089 | €158,042 | +€107,953 | +215.5% |
| Suppliers | 440/4 | €50,089 | €158,042 | +€107,953 | +215.5% |
| Advances received on contracts in progress | 46 | €140,957 | €0 | -€140,957 | -100.0% |
| Taxes, remuneration and social security | 45 | €154,299 | €187,321 | +€33,023 | +21.4% |
| Taxes | 450/3 | €79,375 | €111,296 | +€31,921 | +40.2% |
| Remuneration and social security | 454/9 | €74,924 | €76,026 | +€1,102 | +1.5% |
| Other amounts payable | 47/48 | €23,729 | €201,529 | +€177,800 | +749.3% |
| Accrued charges and deferred income | 492/3 | €0 | - | = | |
| Remuneration, social security and pensions | 62 | €458,426 | €681,762 | +€223,336 | +48.7% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €45,024 | €47,640 | +€2,616 | +5.8% |
| Other operating charges | 640/8 | €4,992 | €2,740 | -€2,251 | -45.1% |
| Gross operating margin | 9900 | €534,438 | €762,155 | +€227,716 | +42.6% |
| Operating profit (loss) | 9901 | €25,997 | €30,013 | +€4,016 | +15.4% |
| Financial income | 75/76B | €0 | €1,238 | +€1,238 | |
| Recurring financial income | 75 | €0 | €1,238 | +€1,238 | |
| Financial charges | 65/66B | €4,766 | €6,544 | +€1,778 | +37.3% |
| Recurring financial charges | 65 | €4,766 | €6,544 | +€1,778 | +37.3% |
| Profit (loss) for the period before taxes | 9903 | €21,231 | €24,706 | +€3,475 | +16.4% |
| Income taxes | 67/77 | €7,703 | €13,501 | +€5,798 | +75.3% |
| Profit (loss) for the period | 9904 | €13,528 | €11,205 | -€2,323 | -17.2% |
| Profit (loss) for the period to be appropriated | 9905 | €13,528 | €11,205 | -€2,323 | -17.2% |
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 11 October 2026 via checked.be.