CINNAMON PROJECT: what changed
Two fiscal 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 PROJECT
Largest movements
- Tangible fixed assets -€8,055
down €8,055 (-32.9%), from €24,466 to €16,411
of which Furniture and vehicles: -€7,342
- Cash -€5,612
down €5,612 (-82.8%), from €6,778 to €1,166
mainly Trade debts (-€16,576) and Debts after one year (-€7,160)
- Receivables within one year -€4,449
down €4,449 (-7.4%), from €59,793 to €55,344
of which Trade receivables: -€11,909
- Trade debts -€16,576
down €16,576 (-31.8%), from €52,152 to €35,576
- Debts after one year -€7,160
down €7,160 (-81.0%), from €8,840 to €1,680
- Current portion of long-term debt +€2,231
up €2,231 (+39.8%), from €5,612 to €7,843
- Tax, wage and social debts +€1,502
up €1,502 (+34.4%), from €4,366 to €5,868
- Short-term financial debts +€1,409
new in 2025: €1,409
- Turnover +€126,320
new in 2025: €126,320
- Purchases and services +€112,866
new in 2025: €112,866
- Other operating charges +€2,072
up €2,072 (+100.3%), from €2,065 to €4,136
- Taxes -€1,637
down €1,637 (-37.3%), from €4,392 to €2,755
- Gross operating margin -€1,491
down €1,491 (-7.8%), from €19,115 to €17,625
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 | €91,679 | €73,126 | -€18,553 | -20.2% |
| Fixed assets | 21/28 | €24,466 | €16,411 | -€8,055 | -32.9% |
| Tangible fixed assets | 22/27 | €24,466 | €16,411 | -€8,055 | -32.9% |
| Plant, machinery and equipment | 23 | €780 | €68 | -€713 | -91.3% |
| Furniture and vehicles | 24 | €23,686 | €16,344 | -€7,342 | -31.0% |
| Current assets | 29/58 | €67,213 | €56,715 | -€10,498 | -15.6% |
| Amounts receivable within one year | 40/41 | €59,793 | €55,344 | -€4,449 | -7.4% |
| Trade receivables | 40 | €43,722 | €31,813 | -€11,909 | -27.2% |
| Other amounts receivable | 41 | €16,071 | €23,531 | +€7,460 | +46.4% |
| Cash at bank and in hand | 54/58 | €6,778 | €1,166 | -€5,612 | -82.8% |
| Deferred charges and accrued income | 490/1 | €642 | €205 | -€437 | -68.0% |
| Total equity and liabilities | 10/49 | €91,679 | €73,126 | -€18,553 | -20.2% |
| Equity | 10/15 | €20,709 | €20,751 | +€42 | +0.2% |
| Contributions | 10/11 | €6,000 | €6,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | €14,709 | €14,751 | +€42 | +0.3% |
| Amounts payable | 17/49 | €70,970 | €52,375 | -€18,595 | -26.2% |
| Amounts payable after more than one year | 17 | €8,840 | €1,680 | -€7,160 | -81.0% |
| Financial debts | 170/4 | €8,840 | €1,680 | -€7,160 | -81.0% |
| Amounts payable within one year | 42/48 | €62,130 | €50,696 | -€11,435 | -18.4% |
| Current portion of amounts payable after more than one year | 42 | €5,612 | €7,843 | +€2,231 | +39.8% |
| Financial debts | 43 | - | €1,409 | +€1,409 | |
| Credit institutions | 430/8 | - | €1,409 | +€1,409 | |
| Trade debts | 44 | €52,152 | €35,576 | -€16,576 | -31.8% |
| Suppliers | 440/4 | €52,152 | €35,576 | -€16,576 | -31.8% |
| Taxes, remuneration and social security | 45 | €4,366 | €5,868 | +€1,502 | +34.4% |
| Taxes | 450/3 | €4,366 | €5,868 | +€1,502 | +34.4% |
| Turnover | 70 | - | €126,320 | +€126,320 | |
| Goods, raw materials, services and sundry goods | 60/61 | - | €112,866 | +€112,866 | |
| Remuneration, social security and pensions | 62 | €384 | - | -€384 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €9,112 | €9,750 | +€638 | +7.0% |
| Other operating charges | 640/8 | €2,065 | €4,136 | +€2,072 | +100.3% |
| Gross operating margin | 9900 | €19,115 | €17,625 | -€1,491 | -7.8% |
| Operating profit (loss) | 9901 | €7,554 | €3,738 | -€3,816 | -50.5% |
| Financial income | 75/76B | €7 | €0 | -€7 | -99.6% |
| Recurring financial income | 75 | €7 | €0 | -€7 | -99.6% |
| Financial charges | 65/66B | €771 | €942 | +€171 | +22.2% |
| Recurring financial charges | 65 | €771 | €942 | +€171 | +22.2% |
| Profit (loss) for the period before taxes | 9903 | €6,790 | €2,797 | -€3,994 | -58.8% |
| Income taxes | 67/77 | €4,392 | €2,755 | -€1,637 | -37.3% |
| Profit (loss) for the period | 9904 | €2,398 | €42 | -€2,356 | -98.3% |
| Profit (loss) for the period to be appropriated | 9905 | €2,398 | €42 | -€2,356 | -98.3% |
Source: filed annual accounts (NBB), fiscal years ended 30 June 2024 and 30 June 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 7 October 2026 via checked.be.