CINNAMON CAPITAL: 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.
CINNAMON CAPITAL
Largest movements
- Intangible fixed assets -€34,327
down €34,327 (-18.6%), from €184,066 to €149,739
- Receivables within one year -€24,201
down €24,201 (-94.3%), from €25,671 to €1,470
of which Trade receivables: -€23,751
- Cash -€3,141
down €3,141 (-59.6%), from €5,274 to €2,133
mainly Net result for the year (-€41,559) and Trade debts (-€22,236)
- Profit (loss) carried forward -€41,559
down €41,559 (-3.5%), from -€1.2m to -€1.2m
- Trade debts -€22,236
down €22,236 (-100%), from €22,236 to €0
- Gross operating margin +€90,384
up €90,384 (+93.7%), from -€96,412 to -€6,027
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 | €215,186 | €153,517 | -€61,669 | -28.7% |
| Fixed assets | 21/28 | €184,241 | €149,914 | -€34,327 | -18.6% |
| Intangible fixed assets | 21 | €184,066 | €149,739 | -€34,327 | -18.6% |
| Financial fixed assets | 28 | €175 | €175 | = | 0.0% |
| Current assets | 29/58 | €30,945 | €3,603 | -€27,342 | -88.4% |
| Stocks and contracts in progress | 3 | €0 | - | = | |
| Stocks | 30/36 | €0 | - | = | |
| Amounts receivable within one year | 40/41 | €25,671 | €1,470 | -€24,201 | -94.3% |
| Trade receivables | 40 | €24,005 | €254 | -€23,751 | -98.9% |
| Other amounts receivable | 41 | €1,666 | €1,216 | -€450 | -27.0% |
| Cash at bank and in hand | 54/58 | €5,274 | €2,133 | -€3,141 | -59.6% |
| Total equity and liabilities | 10/49 | €215,186 | €153,517 | -€61,669 | -28.7% |
| Equity | 10/15 | €104,791 | €63,233 | -€41,559 | -39.7% |
| Contributions | 10/11 | €1,294,360 | €1,294,360 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€1,189,569 | -€1,231,127 | -€41,559 | -3.5% |
| Amounts payable | 17/49 | €110,394 | €90,284 | -€20,110 | -18.2% |
| Amounts payable after more than one year | 17 | €68,000 | €68,000 | = | 0.0% |
| Other amounts payable | 178/9 | €68,000 | €68,000 | = | 0.0% |
| Amounts payable within one year | 42/48 | €42,394 | €22,284 | -€20,110 | -47.4% |
| Trade debts | 44 | €22,236 | €0 | -€22,236 | -100% |
| Suppliers | 440/4 | €22,236 | €0 | -€22,236 | -100% |
| Taxes, remuneration and social security | 45 | €222 | €348 | +€126 | +57.0% |
| Taxes | 450/3 | €222 | €348 | +€126 | +57.0% |
| Other amounts payable | 47/48 | €19,936 | €21,936 | +€2,000 | +10.0% |
| Non-recurring operating income | 76A | €402 | €0 | -€402 | -100% |
| Remuneration, social security and pensions | 62 | €0 | - | = | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €34,327 | €34,327 | = | 0.0% |
| Other operating charges | 640/8 | €300 | €393 | +€93 | +31.1% |
| Gross operating margin | 9900 | -€96,412 | -€6,027 | +€90,384 | +93.7% |
| Operating profit (loss) | 9901 | -€131,039 | -€40,748 | +€90,291 | +68.9% |
| Financial income | 75/76B | €262 | €0 | -€262 | -100% |
| Recurring financial income | 75 | €262 | €0 | -€262 | -100% |
| Financial charges | 65/66B | €1,052 | €811 | -€241 | -22.9% |
| Recurring financial charges | 65 | €1,052 | €811 | -€241 | -22.9% |
| Profit (loss) for the period before taxes | 9903 | -€131,828 | -€41,559 | +€90,270 | +68.5% |
| Income taxes | 67/77 | €0 | - | = | |
| Profit (loss) for the period | 9904 | -€131,828 | -€41,559 | +€90,270 | +68.5% |
| Profit (loss) for the period to be appropriated | 9905 | -€131,828 | -€41,559 | +€90,270 | +68.5% |
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.