AUTHENTIC FOOD CONNECTION: 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.
AUTHENTIC FOOD CONNECTION
Largest movements
- Intangible fixed assets +€222,733
up €222,733 (+117%), from €191,156 to €413,889
- Tangible fixed assets +€94,865
new in 2024: €94,865
of which Land and buildings: +€78,197
- Cash +€43,736
up €43,736 (+169%), from €25,953 to €69,689
mainly Debts after one year (+€412,640) and Contributions, distributions and other (+€150,000)
- Receivables within one year -€12,623
down €12,623 (-22.2%), from €56,805 to €44,182
of which Other amounts receivable: -€9,558
- Debts after one year +€412,640
new in 2024: €412,640
- Contributions +€150,000
up €150,000 (+96.2%), from €156,000 to €306,000
- Profit (loss) carried forward -€137,277
down €137,277 (-1,010%), from -€13,593 to -€150,870
- Other debts -€60,500
no longer reported in 2024 (was €60,500)
- Trade debts -€37,283
down €37,283 (-53.6%), from €69,612 to €32,329
- Gross operating margin -€66,588
down €66,588, from €10,609 to -€55,979
- Depreciation +€52,946
up €52,946 (+235%), from €22,512 to €75,458
- Financial charges +€3,650
up €3,650 (+216%), from €1,690 to €5,340
From the 2023 result to the 2024 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 2023 and 2024 balance sheets and the 2024 result: not a filed cash-flow statement. It shows where the money came from and went.
Every line side by side
| Line | Code | 2023 | 2024 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €274,543 | €622,946 | +€348,403 | +127% |
| Formation expenses | 20 | €629 | €258 | -€371 | -59.0% |
| Fixed assets | 21/28 | €191,156 | €508,754 | +€317,598 | +166% |
| Intangible fixed assets | 21 | €191,156 | €413,889 | +€222,733 | +117% |
| Tangible fixed assets | 22/27 | - | €94,865 | +€94,865 | |
| Land and buildings | 22 | - | €78,197 | +€78,197 | |
| Furniture and vehicles | 24 | - | €16,668 | +€16,668 | |
| Current assets | 29/58 | €82,758 | €113,934 | +€31,176 | +37.7% |
| Amounts receivable within one year | 40/41 | €56,805 | €44,182 | -€12,623 | -22.2% |
| Trade receivables | 40 | €10,747 | €7,682 | -€3,065 | -28.5% |
| Other amounts receivable | 41 | €46,058 | €36,500 | -€9,558 | -20.8% |
| Cash at bank and in hand | 54/58 | €25,953 | €69,689 | +€43,736 | +169% |
| Deferred charges and accrued income | 490/1 | - | €63 | +€63 | |
| Total equity and liabilities | 10/49 | €274,543 | €622,946 | +€348,403 | +127% |
| Equity | 10/15 | €142,407 | €155,130 | +€12,723 | +8.9% |
| Contributions | 10/11 | €156,000 | €306,000 | +€150,000 | +96.2% |
| Profit (loss) carried forward | 14 | -€13,593 | -€150,870 | -€137,277 | -1,010% |
| Amounts payable | 17/49 | €132,136 | €467,816 | +€335,680 | +254% |
| Amounts payable after more than one year | 17 | - | €412,640 | +€412,640 | |
| Financial debts | 170/4 | - | €412,640 | +€412,640 | |
| Amounts payable within one year | 42/48 | €131,201 | €53,997 | -€77,204 | -58.8% |
| Current portion of amounts payable after more than one year | 42 | - | €21,668 | +€21,668 | |
| Trade debts | 44 | €69,612 | €32,329 | -€37,283 | -53.6% |
| Suppliers | 440/4 | €69,612 | €32,329 | -€37,283 | -53.6% |
| Taxes, remuneration and social security | 45 | €1,089 | - | -€1,089 | |
| Taxes | 450/3 | €1,089 | - | -€1,089 | |
| Other amounts payable | 47/48 | €60,500 | - | -€60,500 | |
| Accrued charges and deferred income | 492/3 | €935 | €1,179 | +€244 | +26.1% |
| Non-recurring operating income | 76A | - | €50,000 | +€50,000 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €22,512 | €75,458 | +€52,946 | +235% |
| Other operating charges | 640/8 | - | €500 | +€500 | |
| Gross operating margin | 9900 | €10,609 | -€55,979 | -€66,588 | |
| Operating profit (loss) | 9901 | -€11,903 | -€131,937 | -€120,034 | -1,008% |
| Financial charges | 65/66B | €1,690 | €5,340 | +€3,650 | +216% |
| Recurring financial charges | 65 | €1,690 | €5,340 | +€3,650 | +216% |
| Profit (loss) for the period before taxes | 9903 | -€13,593 | -€137,277 | -€123,684 | -910% |
| Profit (loss) for the period | 9904 | -€13,593 | -€137,277 | -€123,684 | -910% |
| Profit (loss) for the period to be appropriated | 9905 | -€13,593 | -€137,277 | -€123,684 | -910% |
Source: filed annual accounts (NBB), financial years ended 31 December 2023 and 31 December 2024. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 18 October 2026 via checked.be.