Cornflake: 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.
Cornflake
Largest movements
- Receivables within one year -€134,219
down €134,219 (-78.2%), from €171,707 to €37,488
- Stocks and contracts -€13,105
down €13,105 (-7.8%), from €167,105 to €154,000
- Cash -€12,742
down €12,742 (-64.7%), from €19,708 to €6,966
mainly Net result for the year (-€194,275) and Other debts (-€18,555)
- Tangible fixed assets -€6,051
down €6,051 (-21.1%), from €28,718 to €22,667
of which Furniture and vehicles: -€5,648
- Profit (loss) carried forward -€194,275
down €194,275 (-170.9%), from -€113,660 to -€307,935
- Short-term financial debts +€50,018
new in 2025: €50,018
- Other debts -€18,555
down €18,555 (-12.7%), from €146,516 to €127,961
- Trade debts -€13,222
down €13,222 (-28.6%), from €46,243 to €33,021
- Accrued charges and deferred income +€6,578
up €6,578 (+101.0%), from €6,510 to €13,088
- Gross operating margin -€161,937
down €161,937, from €38,632 to -€123,305
- Financial income -€38,343
down €38,343 (-98.6%), from €38,907 to €564
of which Non-recurring financial income: -€38,376
- Financial charges -€19,894
down €19,894 (-78.0%), from €25,495 to €5,601
of which Non-recurring financial charges: -€18,608
- Depreciation +€4,166
up €4,166 (+26.5%), from €15,700 to €19,866
- Staff costs -€2,458
down €2,458 (-5.6%), from €44,245 to €41,787
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 | €419,555 | €247,911 | -€171,644 | -40.9% |
| Fixed assets | 21/28 | €57,462 | €48,556 | -€8,906 | -15.5% |
| Intangible fixed assets | 21 | €28,745 | €25,889 | -€2,856 | -9.9% |
| Tangible fixed assets | 22/27 | €28,718 | €22,667 | -€6,051 | -21.1% |
| Plant, machinery and equipment | 23 | €10,873 | €10,470 | -€403 | -3.7% |
| Furniture and vehicles | 24 | €17,845 | €12,197 | -€5,648 | -31.7% |
| Current assets | 29/58 | €362,093 | €199,355 | -€162,737 | -44.9% |
| Stocks and contracts in progress | 3 | €167,105 | €154,000 | -€13,105 | -7.8% |
| Stocks | 30/36 | €167,105 | €154,000 | -€13,105 | -7.8% |
| Amounts receivable within one year | 40/41 | €171,707 | €37,488 | -€134,219 | -78.2% |
| Trade receivables | 40 | €171,707 | €37,488 | -€134,219 | -78.2% |
| Cash at bank and in hand | 54/58 | €19,708 | €6,966 | -€12,742 | -64.7% |
| Deferred charges and accrued income | 490/1 | €3,573 | €902 | -€2,671 | -74.8% |
| Total equity and liabilities | 10/49 | €419,555 | €247,911 | -€171,644 | -40.9% |
| Equity | 10/15 | €209,229 | €14,955 | -€194,275 | -92.9% |
| Contributions | 10/11 | €293,554 | €293,554 | = | 0.0% |
| Reserves | 13 | €29,335 | €29,335 | = | 0.0% |
| Distributable reserves | 133 | €29,335 | €29,335 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€113,660 | -€307,935 | -€194,275 | -170.9% |
| Amounts payable | 17/49 | €210,326 | €232,957 | +€22,631 | +10.8% |
| Amounts payable after more than one year | 17 | €3,990 | €1,642 | -€2,347 | -58.8% |
| Financial debts | 170/4 | €3,990 | €1,642 | -€2,347 | -58.8% |
| Amounts payable within one year | 42/48 | €199,825 | €218,226 | +€18,401 | +9.2% |
| Current portion of amounts payable after more than one year | 42 | €2,215 | €2,347 | +€133 | +6.0% |
| Financial debts | 43 | - | €50,018 | +€50,018 | |
| Credit institutions | 430/8 | - | €50,018 | +€50,018 | |
| Trade debts | 44 | €46,243 | €33,021 | -€13,222 | -28.6% |
| Suppliers | 440/4 | €46,243 | €33,021 | -€13,222 | -28.6% |
| Taxes, remuneration and social security | 45 | €4,852 | €4,879 | +€27 | +0.6% |
| Taxes | 450/3 | €140 | €126 | -€14 | -10.0% |
| Remuneration and social security | 454/9 | €4,712 | €4,753 | +€41 | +0.9% |
| Other amounts payable | 47/48 | €146,516 | €127,961 | -€18,555 | -12.7% |
| Accrued charges and deferred income | 492/3 | €6,510 | €13,088 | +€6,578 | +101.0% |
| Remuneration, social security and pensions | 62 | €44,245 | €41,787 | -€2,458 | -5.6% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €15,700 | €19,866 | +€4,166 | +26.5% |
| Other operating charges | 640/8 | €2,127 | €4,153 | +€2,026 | +95.3% |
| Gross operating margin | 9900 | €38,632 | -€123,305 | -€161,937 | |
| Operating profit (loss) | 9901 | -€23,440 | -€189,111 | -€165,672 | -706.8% |
| Financial income | 75/76B | €38,907 | €564 | -€38,343 | -98.6% |
| Recurring financial income | 75 | €531 | €564 | +€32 | +6.1% |
| Non-recurring financial income | 76B | €38,376 | - | -€38,376 | |
| Financial charges | 65/66B | €25,495 | €5,601 | -€19,894 | -78.0% |
| Recurring financial charges | 65 | €6,888 | €5,601 | -€1,287 | -18.7% |
| Non-recurring financial charges | 66B | €18,608 | - | -€18,608 | |
| Profit (loss) for the period before taxes | 9903 | -€10,028 | -€194,149 | -€184,121 | -1836.1% |
| Income taxes | 67/77 | €1,057 | €126 | -€931 | -88.1% |
| Profit (loss) for the period | 9904 | -€11,085 | -€194,275 | -€183,190 | -1652.6% |
| Profit (loss) for the period to be appropriated | 9905 | -€11,085 | -€194,275 | -€183,190 | -1652.6% |
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 11 October 2026 via checked.be.