CORNSEED: 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.
CORNSEED
Largest movements
- Current investments +€23,872
up €23,872 (+354.9%), from €6,727 to €30,599
- Tangible fixed assets -€9,834
down €9,834 (-21.6%), from €45,558 to €35,723
of which Leasing and similar rights: -€9,487
- Receivables within one year -€8,526
down €8,526 (-21.0%), from €40,574 to €32,048
of which Trade receivables: -€10,124
- Cash -€8,116
down €8,116 (-6.7%), from €121,480 to €113,364
mainly Current investments (-€23,872) and Trade debts (-€13,663)
- Profit (loss) carried forward +€23,867
up €23,867 (+12.1%), from €197,945 to €221,812
- Trade debts -€13,663
down €13,663 (-77.0%), from €17,736 to €4,073
- Tax, wage and social debts -€7,336
down €7,336 (-48.6%), from €15,091 to €7,755
- Debts after one year -€6,423
down €6,423 (-27.0%), from €23,797 to €17,374
- Gross operating margin -€104,813
down €104,813 (-70.8%), from €147,982 to €43,169
- Taxes -€16,846
down €16,846 (-52.9%), from €31,838 to €14,992
- Financial income +€9,914
up €9,914 (+1066005.4%), from €1 to €9,915
- Depreciation +€7,116
up €7,116 (+261.7%), from €2,719 to €9,834
- Financial charges +€2,316
up €2,316 (+111.6%), from €2,075 to €4,391
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 | €262,003 | €257,056 | -€4,947 | -1.9% |
| Fixed assets | 21/28 | €89,079 | €79,245 | -€9,834 | -11.0% |
| Tangible fixed assets | 22/27 | €45,558 | €35,723 | -€9,834 | -21.6% |
| Furniture and vehicles | 24 | €492 | €146 | -€347 | -70.5% |
| Leasing and similar rights | 25 | €45,065 | €35,578 | -€9,487 | -21.1% |
| Financial fixed assets | 28 | €43,522 | €43,522 | = | 0.0% |
| Current assets | 29/58 | €172,923 | €177,811 | +€4,888 | +2.8% |
| Amounts receivable within one year | 40/41 | €40,574 | €32,048 | -€8,526 | -21.0% |
| Trade receivables | 40 | €31,085 | €20,960 | -€10,124 | -32.6% |
| Other amounts receivable | 41 | €9,489 | €11,088 | +€1,599 | +16.8% |
| Current investments | 50/53 | €6,727 | €30,599 | +€23,872 | +354.9% |
| Cash at bank and in hand | 54/58 | €121,480 | €113,364 | -€8,116 | -6.7% |
| Deferred charges and accrued income | 490/1 | €4,143 | €1,801 | -€2,343 | -56.5% |
| Total equity and liabilities | 10/49 | €262,003 | €257,056 | -€4,947 | -1.9% |
| Equity | 10/15 | €198,445 | €222,312 | +€23,867 | +12.0% |
| Contributions | 10/11 | €500 | €500 | = | 0.0% |
| Profit (loss) carried forward | 14 | €197,945 | €221,812 | +€23,867 | +12.1% |
| Amounts payable | 17/49 | €63,558 | €34,744 | -€28,814 | -45.3% |
| Amounts payable after more than one year | 17 | €23,797 | €17,374 | -€6,423 | -27.0% |
| Financial debts | 170/4 | €23,797 | €17,374 | -€6,423 | -27.0% |
| Amounts payable within one year | 42/48 | €39,760 | €17,370 | -€22,390 | -56.3% |
| Current portion of amounts payable after more than one year | 42 | €4,406 | €4,730 | +€324 | +7.3% |
| Trade debts | 44 | €17,736 | €4,073 | -€13,663 | -77.0% |
| Suppliers | 440/4 | €17,736 | €4,073 | -€13,663 | -77.0% |
| Taxes, remuneration and social security | 45 | €15,091 | €7,755 | -€7,336 | -48.6% |
| Taxes | 450/3 | €15,091 | €7,755 | -€7,336 | -48.6% |
| Other amounts payable | 47/48 | €2,526 | €812 | -€1,714 | -67.9% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €2,719 | €9,834 | +€7,116 | +261.7% |
| Gross operating margin | 9900 | €147,982 | €43,169 | -€104,813 | -70.8% |
| Operating profit (loss) | 9901 | €145,263 | €33,335 | -€111,928 | -77.1% |
| Financial income | 75/76B | €1 | €9,915 | +€9,914 | +1066005.4% |
| Recurring financial income | 75 | €1 | €9,915 | +€9,914 | +1066005.4% |
| Financial charges | 65/66B | €2,075 | €4,391 | +€2,316 | +111.6% |
| Recurring financial charges | 65 | €2,075 | €4,391 | +€2,316 | +111.6% |
| Profit (loss) for the period before taxes | 9903 | €143,189 | €38,859 | -€104,330 | -72.9% |
| Income taxes | 67/77 | €31,838 | €14,992 | -€16,846 | -52.9% |
| Profit (loss) for the period | 9904 | €111,351 | €23,867 | -€87,484 | -78.6% |
| Profit (loss) for the period to be appropriated | 9905 | €111,351 | €23,867 | -€87,484 | -78.6% |
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 11 October 2026 via checked.be.