CORNFIELDS: 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.
CORNFIELDS
Largest movements
- Cash +€22,532
up €22,532 (+20.6%), from €109,201 to €131,733
mainly Net result for the year (+€19,519) and Receivables within one year (+€15,002)
- Receivables within one year -€15,002
down €15,002 (-28.5%), from €52,712 to €37,710
of which Trade receivables: -€12,570
- Tangible fixed assets -€7,503
down €7,503 (-47.5%), from €15,796 to €8,293
of which Furniture and vehicles: -€6,770
- Tax, wage and social debts +€3,430
new in 2025: €3,430
- Gross operating margin -€29,061
down €29,061 (-44.0%), from €66,003 to €36,942
- Taxes -€8,293
down €8,293 (-48.9%), from €16,971 to €8,678
- Financial charges -€1,278
down €1,278 (-75.4%), from €1,695 to €416
- Financial income -€1,049
down €1,049 (-100.0%), from €1,049 to €0
- Depreciation +€1,029
up €1,029 (+15.9%), from €6,474 to €7,503
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 | €179,473 | €180,045 | +€573 | +0.3% |
| Fixed assets | 21/28 | €16,096 | €8,593 | -€7,503 | -46.6% |
| Tangible fixed assets | 22/27 | €15,796 | €8,293 | -€7,503 | -47.5% |
| Plant, machinery and equipment | 23 | €3,764 | €3,031 | -€733 | -19.5% |
| Furniture and vehicles | 24 | €12,032 | €5,262 | -€6,770 | -56.3% |
| Financial fixed assets | 28 | €300 | €300 | = | 0.0% |
| Current assets | 29/58 | €163,377 | €171,453 | +€8,076 | +4.9% |
| Amounts receivable within one year | 40/41 | €52,712 | €37,710 | -€15,002 | -28.5% |
| Trade receivables | 40 | €48,518 | €35,948 | -€12,570 | -25.9% |
| Other amounts receivable | 41 | €4,193 | €1,761 | -€2,432 | -58.0% |
| Cash at bank and in hand | 54/58 | €109,201 | €131,733 | +€22,532 | +20.6% |
| Deferred charges and accrued income | 490/1 | €1,464 | €2,010 | +€546 | +37.3% |
| Total equity and liabilities | 10/49 | €179,473 | €180,045 | +€573 | +0.3% |
| Equity | 10/15 | €170,702 | €169,388 | -€1,314 | -0.8% |
| Contributions | 10/11 | €6,200 | €6,200 | = | 0.0% |
| Reserves | 13 | €164,502 | €163,188 | -€1,314 | -0.8% |
| Distributable reserves | 133 | €164,502 | €163,188 | -€1,314 | -0.8% |
| Amounts payable | 17/49 | €8,771 | €10,657 | +€1,886 | +21.5% |
| Amounts payable within one year | 42/48 | €7,745 | €10,248 | +€2,503 | +32.3% |
| Trade debts | 44 | €3,807 | €3,301 | -€506 | -13.3% |
| Suppliers | 440/4 | €3,807 | €3,301 | -€506 | -13.3% |
| Taxes, remuneration and social security | 45 | - | €3,430 | +€3,430 | |
| Remuneration and social security | 454/9 | - | €3,430 | +€3,430 | |
| Other amounts payable | 47/48 | €3,938 | €3,517 | -€421 | -10.7% |
| Accrued charges and deferred income | 492/3 | €1,026 | €409 | -€617 | -60.1% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €6,474 | €7,503 | +€1,029 | +15.9% |
| Other operating charges | 640/8 | €876 | €825 | -€51 | -5.8% |
| Gross operating margin | 9900 | €66,003 | €36,942 | -€29,061 | -44.0% |
| Operating profit (loss) | 9901 | €58,653 | €28,614 | -€30,039 | -51.2% |
| Financial income | 75/76B | €1,049 | €0 | -€1,049 | -100.0% |
| Recurring financial income | 75 | €1,049 | €0 | -€1,049 | -100.0% |
| Financial charges | 65/66B | €1,695 | €416 | -€1,278 | -75.4% |
| Recurring financial charges | 65 | €1,695 | €416 | -€1,278 | -75.4% |
| Profit (loss) for the period before taxes | 9903 | €58,007 | €28,198 | -€29,809 | -51.4% |
| Income taxes | 67/77 | €16,971 | €8,678 | -€8,293 | -48.9% |
| Profit (loss) for the period | 9904 | €41,036 | €19,519 | -€21,516 | -52.4% |
| Profit (loss) for the period to be appropriated | 9905 | €41,036 | €19,519 | -€21,516 | -52.4% |
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 24 October 2026 via checked.be.