CORBELLO: 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
CORBELLO
NACE 47.241, Retail sale of bread and pastry (bakery outlets)
financial year 2025 compared with 2024filed annual accounts (NBB)
Net result for the year
€145,867
2024 · €146,080-€212
Equity
€1.0m
2024 · €878,840+€145,867
Cash
€897,807
2024 · €501,910+€395,898
Balance sheet total
€1.1m
2024 · €1.0m+€126,032
Largest movements
Assets
- Cash +€395,898
up €395,898 (+78.9%), from €501,910 to €897,807
mainly Current investments (+€250,000) and Net result for the year (+€145,867)
- Current investments -€250,000
no longer reported in 2025 (was €250,000)
- Receivables within one year -€20,403
down €20,403 (-47.9%), from €42,562 to €22,159
of which Trade receivables: -€17,457
Equity and liabilities
- Reserves +€145,867
up €145,867 (+17.0%), from €857,900 to €1.0m
Income statement
- Financial income +€8,188
up €8,188 (+194%), from €4,228 to €12,416
- Staff costs +€5,256
up €5,256 (+6.6%), from €79,654 to €84,911
- Taxes +€3,423
up €3,423 (+5.9%), from €58,374 to €61,797
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
€146,080
Gross operating margin
+€1,873
Staff costs
-€5,256
Depreciation
+€481
Other operating charges
-€400
Other operating items
-€579
Financial income
+€8,188
Financial charges
-€1,095
Taxes
-€3,423
Result 2025
€145,867
raises the resultlowers the resultnot broken down further in the accounts
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.
From operations
+€185,504
Investment
+€225,293
Financing
-€14,900
Cash 2024
€501,910
From operations (derived)
+€185,504
Net result for the year
+€145,867
Depreciation
+€31,691
Stocks and contracts
-€7,551
Receivables within one year
+€20,403
Smaller working-capital items
+€35
Tax, wage and social debts
-€10,788
Other debts
+€5,128
Accrued charges and deferred income
+€718
Investment (derived)
+€225,293
Investment in fixed assets (net)
-€24,707
Current investments
+€250,000
Financing
-€14,900
Debts after one year
-€8,797
Current portion of long-term debt
-€6,103
Cash 2025
€897,807
brings cash intakes cash out
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €1,021,067 | €1,147,099 | +€126,032 | +12.3% |
| Fixed assets | 21/28 | €169,032 | €162,048 | -€6,984 | -4.1% |
| Tangible fixed assets | 22/27 | €169,027 | €162,043 | -€6,984 | -4.1% |
| Land and buildings | 22 | €2,400 | - | -€2,400 | |
| Plant, machinery and equipment | 23 | €163,701 | €161,083 | -€2,618 | -1.6% |
| Furniture and vehicles | 24 | €2,926 | €960 | -€1,966 | -67.2% |
| Assets under construction and advance payments | 27 | €0 | - | = | |
| Financial fixed assets | 28 | €5 | €5 | = | 0.0% |
| Current assets | 29/58 | €852,035 | €985,051 | +€133,016 | +15.6% |
| Stocks and contracts in progress | 3 | €55,824 | €63,375 | +€7,551 | +13.5% |
| Stocks | 30/36 | €55,824 | €63,375 | +€7,551 | +13.5% |
| Amounts receivable within one year | 40/41 | €42,562 | €22,159 | -€20,403 | -47.9% |
| Trade receivables | 40 | €38,590 | €21,133 | -€17,457 | -45.2% |
| Other amounts receivable | 41 | €3,972 | €1,026 | -€2,947 | -74.2% |
| Current investments | 50/53 | €250,000 | - | -€250,000 | |
| Cash at bank and in hand | 54/58 | €501,910 | €897,807 | +€395,898 | +78.9% |
| Deferred charges and accrued income | 490/1 | €1,739 | €1,709 | -€30 | -1.7% |
| Total equity and liabilities | 10/49 | €1,021,067 | €1,147,099 | +€126,032 | +12.3% |
| Equity | 10/15 | €878,840 | €1,024,707 | +€145,867 | +16.6% |
| Contributions | 10/11 | €20,000 | €20,000 | = | 0.0% |
| Reserves | 13 | €857,900 | €1,003,767 | +€145,867 | +17.0% |
| Distributable reserves | 133 | €857,900 | €1,003,767 | +€145,867 | +17.0% |
| Profit (loss) carried forward | 14 | €940 | €940 | = | 0.0% |
| Amounts payable | 17/49 | €142,227 | €122,391 | -€19,836 | -13.9% |
| Amounts payable after more than one year | 17 | €8,797 | - | -€8,797 | |
| Financial debts | 170/4 | €8,797 | - | -€8,797 | |
| Amounts payable within one year | 42/48 | €132,930 | €121,173 | -€11,757 | -8.8% |
| Current portion of amounts payable after more than one year | 42 | €14,900 | €8,797 | -€6,103 | -41.0% |
| Trade debts | 44 | €16,400 | €16,406 | +€5 | 0.0% |
| Suppliers | 440/4 | €16,400 | €16,406 | +€5 | 0.0% |
| Taxes, remuneration and social security | 45 | €37,656 | €26,868 | -€10,788 | -28.6% |
| Taxes | 450/3 | €27,147 | €16,968 | -€10,179 | -37.5% |
| Remuneration and social security | 454/9 | €10,509 | €9,901 | -€608 | -5.8% |
| Other amounts payable | 47/48 | €63,975 | €69,102 | +€5,128 | +8.0% |
| Accrued charges and deferred income | 492/3 | €500 | €1,218 | +€718 | +144% |
| Non-recurring operating income | 76A | €18,000 | - | -€18,000 | |
| Remuneration, social security and pensions | 62 | €79,654 | €84,911 | +€5,256 | +6.6% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €32,172 | €31,691 | -€481 | -1.5% |
| Other operating charges | 640/8 | €3,532 | €3,933 | +€400 | +11.3% |
| Non-recurring operating charges | 66A | - | €579 | +€579 | |
| Gross operating margin | 9900 | €321,373 | €323,246 | +€1,873 | +0.6% |
| Operating profit (loss) | 9901 | €206,015 | €202,132 | -€3,882 | -1.9% |
| Financial income | 75/76B | €4,228 | €12,416 | +€8,188 | +194% |
| Recurring financial income | 75 | €4,228 | €12,416 | +€8,188 | +194% |
| Financial charges | 65/66B | €5,789 | €6,885 | +€1,095 | +18.9% |
| Recurring financial charges | 65 | €5,789 | €6,885 | +€1,095 | +18.9% |
| Profit (loss) for the period before taxes | 9903 | €204,454 | €207,664 | +€3,211 | +1.6% |
| Income taxes | 67/77 | €58,374 | €61,797 | +€3,423 | +5.9% |
| Profit (loss) for the period | 9904 | €146,080 | €145,867 | -€212 | -0.1% |
| Profit (loss) for the period to be appropriated | 9905 | €146,080 | €145,867 | -€212 | -0.1% |
Source: filed annual accounts (NBB), financial years ended 30 September 2024 and 30 September 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 19 October 2026 via checked.be.