CORNFLOUR MANAGEMENT: 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.
CORNFLOUR MANAGEMENT
Largest movements
- Receivables within one year -€24,416
down €24,416 (-31.6%), from €77,187 to €52,772
of which Other amounts receivable: -€22,971
- Tangible fixed assets -€14,892
down €14,892 (-29.9%), from €49,828 to €34,936
of which Furniture and vehicles: -€14,090
- Cash -€6,548
down €6,548 (-33.1%), from €19,757 to €13,208
mainly Other debts (-€50,000) and Debts after one year (-€8,107)
- Other debts -€50,000
no longer reported in 2025 (was €50,000)
- Debts after one year -€8,107
down €8,107 (-36.1%), from €22,483 to €14,375
- Reserves +€7,642
up €7,642 (+107.1%), from €7,136 to €14,778
- Trade debts +€6,104
up €6,104 (+125.3%), from €4,870 to €10,975
- Tax, wage and social debts -€1,845
down €1,845 (-9.7%), from €19,091 to €17,246
- Gross operating margin +€3,565
up €3,565 (+14.7%), from €24,177 to €27,742
- Taxes +€986
up €986 (+22.4%), from €4,392 to €5,378
- Financial income -€568
down €568 (-18.5%), from €3,074 to €2,505
- Financial charges -€508
down €508 (-23.9%), from €2,128 to €1,620
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 | €146,952 | €101,113 | -€45,839 | -31.2% |
| Fixed assets | 21/28 | €49,828 | €34,936 | -€14,892 | -29.9% |
| Tangible fixed assets | 22/27 | €49,828 | €34,936 | -€14,892 | -29.9% |
| Furniture and vehicles | 24 | €43,582 | €29,491 | -€14,090 | -32.3% |
| Other tangible fixed assets | 26 | €6,247 | €5,445 | -€802 | -12.8% |
| Current assets | 29/58 | €97,123 | €66,177 | -€30,946 | -31.9% |
| Amounts receivable within one year | 40/41 | €77,187 | €52,772 | -€24,416 | -31.6% |
| Trade receivables | 40 | €19,613 | €18,169 | -€1,445 | -7.4% |
| Other amounts receivable | 41 | €57,574 | €34,603 | -€22,971 | -39.9% |
| Cash at bank and in hand | 54/58 | €19,757 | €13,208 | -€6,548 | -33.1% |
| Deferred charges and accrued income | 490/1 | €179 | €197 | +€18 | +9.9% |
| Total equity and liabilities | 10/49 | €146,952 | €101,113 | -€45,839 | -31.2% |
| Equity | 10/15 | €42,768 | €50,410 | +€7,642 | +17.9% |
| Contributions | 10/11 | €12,400 | €12,400 | = | 0.0% |
| Reserves | 13 | €7,136 | €14,778 | +€7,642 | +107.1% |
| Distributable reserves | 133 | €7,136 | €14,778 | +€7,642 | +107.1% |
| Profit (loss) carried forward | 14 | €23,232 | €23,232 | = | 0.0% |
| Amounts payable | 17/49 | €104,184 | €50,703 | -€53,480 | -51.3% |
| Amounts payable after more than one year | 17 | €22,483 | €14,375 | -€8,107 | -36.1% |
| Financial debts | 170/4 | €22,483 | €14,375 | -€8,107 | -36.1% |
| Amounts payable within one year | 42/48 | €81,701 | €36,328 | -€45,373 | -55.5% |
| Current portion of amounts payable after more than one year | 42 | €7,740 | €8,107 | +€367 | +4.7% |
| Trade debts | 44 | €4,870 | €10,975 | +€6,104 | +125.3% |
| Suppliers | 440/4 | €4,870 | €10,975 | +€6,104 | +125.3% |
| Taxes, remuneration and social security | 45 | €19,091 | €17,246 | -€1,845 | -9.7% |
| Taxes | 450/3 | €19,091 | €17,246 | -€1,845 | -9.7% |
| Other amounts payable | 47/48 | €50,000 | - | -€50,000 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €14,759 | €14,892 | +€133 | +0.9% |
| Other operating charges | 640/8 | €695 | €715 | +€20 | +2.8% |
| Gross operating margin | 9900 | €24,177 | €27,742 | +€3,565 | +14.7% |
| Operating profit (loss) | 9901 | €8,722 | €12,135 | +€3,412 | +39.1% |
| Financial income | 75/76B | €3,074 | €2,505 | -€568 | -18.5% |
| Recurring financial income | 75 | €3,074 | €2,505 | -€568 | -18.5% |
| Financial charges | 65/66B | €2,128 | €1,620 | -€508 | -23.9% |
| Recurring financial charges | 65 | €2,128 | €1,620 | -€508 | -23.9% |
| Profit (loss) for the period before taxes | 9903 | €9,668 | €13,020 | +€3,352 | +34.7% |
| Income taxes | 67/77 | €4,392 | €5,378 | +€986 | +22.4% |
| Profit (loss) for the period | 9904 | €5,276 | €7,642 | +€2,366 | +44.8% |
| Profit (loss) for the period to be appropriated | 9905 | €5,276 | €7,642 | +€2,366 | +44.8% |
Source: filed annual accounts (NBB), fiscal years ended 31 December 2024 and 31 December 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 6 October 2026 via checked.be.