BE FOOD!: 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.
What changed
BE FOOD!
NACE 10.850, Manufacture of food products
financial year 2025 compared with 2024filed annual accounts (NBB)
Net result for the year
€2.1m
2024 · €853,386+€1.2m
Equity
€17.3m
2024 · €15.2m+€2.1m
Cash
€1.0m
2024 · €372,297+€629,143
Balance sheet total
€42.7m
2024 · €37.2m+€5.4m
Largest movements
Assets
- Receivables within one year +€3.3m
up €3.3m (+21.7%), from €15.2m to €18.5m
of which Trade receivables: +€3.0m
- Stocks and contracts +€1.8m
up €1.8m (+21.9%), from €8.3m to €10.1m
- Cash +€629,143
up €629,143 (+169%), from €372,297 to €1.0m
mainly Trade debts (+€3.8m) and Depreciation (+€2.7m)
Equity and liabilities
- Trade debts +€3.8m
up €3.8m (+31.9%), from €11.9m to €15.7m
- Reserves +€2.1m
up €2.1m (+13.8%), from €15.1m to €17.2m
of which Distributable reserves: +€2.1m
- Debts after one year -€623,966
down €623,966 (-82.5%), from €756,599 to €132,633
- Accrued charges and deferred income +€573,851
up €573,851 (+73.9%), from €776,359 to €1.4m
- Current portion of long-term debt -€488,842
down €488,842 (-43.9%), from €1.1m to €623,966
Income statement
- Turnover +€17.0m
up €17.0m (+23.9%), from €71.2m to €88.2m
- Goods and materials +€10.7m
up €10.7m (+25.0%), from €42.7m to €53.3m
of which Purchases: +€13.2m
- Services and other goods +€3.8m
up €3.8m (+24.8%), from €15.2m to €19.0m
- Staff costs +€1.4m
up €1.4m (+14.7%), from €9.4m to €10.8m
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.
Result 2024
€853,386
Turnover
+€17.0m
Other operating income
+€302,119
Goods and materials
-€10.7m
Services and other goods
-€3.8m
Staff costs
-€1.4m
Depreciation
-€172,726
Other operating charges
-€4,435
Other operating items
+€11,763
Financial income
-€10,145
Financial charges
+€82,467
Taxes
-€159,609
Result 2025
€2.1m
raises the resultlowers the resultnot broken down further in the accounts
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.
From operations
+€4.2m
Investment
-€2.4m
Financing
-€1.1m
Cash 2024
€372,297
From operations (derived)
+€4.2m
Net result for the year
+€2.1m
Depreciation
+€2.7m
Stocks and contracts
-€1.8m
Receivables within one year
-€3.3m
Deferred charges and accrued income
+€22,027
Trade debts
+€3.8m
Tax, wage and social debts
+€301,452
Other debts
-€194,052
Accrued charges and deferred income
+€573,851
Investment (derived)
-€2.4m
Investment in fixed assets (net)
-€2.4m
Financing
-€1.1m
Debts after one year
-€623,966
Current portion of long-term debt
-€488,842
Contributions, distributions and other
-€6,872
Cash 2025
€1.0m
brings cash intakes cash out
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €37,244,598 | €42,679,777 | +€5.4m | +14.6% |
| Fixed assets | 21/28 | €13,266,635 | €12,980,656 | -€285,979 | -2.2% |
| Intangible fixed assets | 21 | €1,006,034 | €829,245 | -€176,789 | -17.6% |
| Tangible fixed assets | 22/27 | €12,098,211 | €12,108,333 | +€10,122 | +0.1% |
| Land and buildings | 22 | €6,940,026 | €6,046,694 | -€893,332 | -12.9% |
| Plant, machinery and equipment | 23 | €3,387,746 | €4,118,414 | +€730,668 | +21.6% |
| Furniture and vehicles | 24 | €601,488 | €1,093,127 | +€491,639 | +81.7% |
| Leasing and similar rights | 25 | €892,286 | €647,622 | -€244,664 | -27.4% |
| Assets under construction and advance payments | 27 | €276,665 | €202,476 | -€74,189 | -26.8% |
| Financial fixed assets | 28 | €162,390 | €43,078 | -€119,312 | -73.5% |
| Other financial fixed assets | 284/8 | €162,390 | €43,078 | -€119,312 | -73.5% |
| Amounts receivable and cash guarantees | 285/8 | €162,390 | €43,078 | -€119,312 | -73.5% |
| Current assets | 29/58 | €23,977,963 | €29,699,121 | +€5.7m | +23.9% |
| Stocks and contracts in progress | 3 | €8,272,651 | €10,082,519 | +€1.8m | +21.9% |
| Stocks | 30/36 | €8,272,651 | €10,082,519 | +€1.8m | +21.9% |
| Raw materials and consumables | 30/31 | €5,140,353 | €6,741,186 | +€1.6m | +31.1% |
| Work in progress | 32 | €369,163 | €438,464 | +€69,301 | +18.8% |
| Finished goods | 33 | €1,380,965 | €1,574,966 | +€194,001 | +14.0% |
| Goods purchased for resale | 34 | €1,382,170 | €1,327,903 | -€54,267 | -3.9% |
| Amounts receivable within one year | 40/41 | €15,222,594 | €18,526,768 | +€3.3m | +21.7% |
| Trade receivables | 40 | €14,059,493 | €17,036,670 | +€3.0m | +21.2% |
| Other amounts receivable | 41 | €1,163,101 | €1,490,098 | +€326,997 | +28.1% |
| Cash at bank and in hand | 54/58 | €372,297 | €1,001,440 | +€629,143 | +169% |
| Deferred charges and accrued income | 490/1 | €110,421 | €88,394 | -€22,027 | -19.9% |
| Total equity and liabilities | 10/49 | €37,244,598 | €42,679,777 | +€5.4m | +14.6% |
| Equity | 10/15 | €15,218,731 | €17,292,968 | +€2.1m | +13.6% |
| Contributions | 10/11 | €62,000 | €62,000 | = | 0.0% |
| Capital | 10 | €62,000 | €62,000 | = | 0.0% |
| Issued capital | 100 | €62,000 | €62,000 | = | 0.0% |
| Reserves | 13 | €15,133,431 | €17,214,540 | +€2.1m | +13.8% |
| Non-distributable reserves | 130/1 | €6,200 | €6,200 | = | 0.0% |
| Legal reserve | 130 | €6,200 | €6,200 | = | 0.0% |
| Tax-exempt reserves | 132 | €56,439 | €56,439 | = | 0.0% |
| Distributable reserves | 133 | €15,070,792 | €17,151,901 | +€2.1m | +13.8% |
| Investment grants | 15 | €23,300 | €16,428 | -€6,872 | -29.5% |
| Amounts payable | 17/49 | €22,025,867 | €25,386,809 | +€3.4m | +15.3% |
| Amounts payable after more than one year | 17 | €756,599 | €132,633 | -€623,966 | -82.5% |
| Financial debts | 170/4 | €756,599 | €132,633 | -€623,966 | -82.5% |
| Leasing and similar obligations | 172 | €366,053 | €132,633 | -€233,420 | -63.8% |
| Credit institutions | 173 | €0 | - | = | |
| Other loans | 174 | €390,546 | - | -€390,546 | |
| Amounts payable within one year | 42/48 | €20,492,909 | €23,903,966 | +€3.4m | +16.6% |
| Current portion of amounts payable after more than one year | 42 | €1,112,808 | €623,966 | -€488,842 | -43.9% |
| Trade debts | 44 | €11,902,282 | €15,694,781 | +€3.8m | +31.9% |
| Suppliers | 440/4 | €11,902,282 | €15,694,781 | +€3.8m | +31.9% |
| Taxes, remuneration and social security | 45 | €1,601,738 | €1,903,190 | +€301,452 | +18.8% |
| Taxes | 450/3 | €312,676 | €332,660 | +€19,984 | +6.4% |
| Remuneration and social security | 454/9 | €1,289,062 | €1,570,530 | +€281,468 | +21.8% |
| Other amounts payable | 47/48 | €5,876,081 | €5,682,029 | -€194,052 | -3.3% |
| Accrued charges and deferred income | 492/3 | €776,359 | €1,350,210 | +€573,851 | +73.9% |
| Operating income | 70/76A | €71,729,179 | €89,043,558 | +€17.3m | +24.1% |
| Turnover | 70 | €71,179,334 | €88,190,166 | +€17.0m | +23.9% |
| Change in stocks of work in progress, finished goods and contracts in progress | 71 | €290,431 | €263,301 | -€27,130 | -9.3% |
| Other operating income | 74 | €258,172 | €560,291 | +€302,119 | +117% |
| Non-recurring operating income | 76A | €1,242 | €29,800 | +€28,558 | +2,299% |
| Operating charges | 60/66A | €69,995,704 | €85,995,073 | +€16.0m | +22.9% |
| Goods for resale, raw materials and consumables | 60 | €42,682,641 | €53,349,011 | +€10.7m | +25.0% |
| Purchases | 600/8 | €41,692,033 | €54,895,578 | +€13.2m | +31.7% |
| Change in stocks: decrease (increase) | 609 | €990,608 | -€1,546,567 | -€2.5m | |
| Services and other goods | 61 | €15,243,829 | €19,031,758 | +€3.8m | +24.8% |
| Remuneration, social security and pensions | 62 | €9,395,959 | €10,774,203 | +€1.4m | +14.7% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €2,557,289 | €2,730,015 | +€172,726 | +6.8% |
| Other operating charges | 640/8 | €103,511 | €107,946 | +€4,435 | +4.3% |
| Non-recurring operating charges | 66A | €12,475 | €2,140 | -€10,335 | -82.8% |
| Operating profit (loss) | 9901 | €1,733,475 | €3,048,485 | +€1.3m | +75.9% |
| Financial income | 75/76B | €42,029 | €31,884 | -€10,145 | -24.1% |
| Recurring financial income | 75 | €42,029 | €31,884 | -€10,145 | -24.1% |
| Other financial income | 752/9 | €42,029 | €31,884 | -€10,145 | -24.1% |
| Financial charges | 65/66B | €426,057 | €343,590 | -€82,467 | -19.4% |
| Recurring financial charges | 65 | €426,057 | €343,590 | -€82,467 | -19.4% |
| Debt charges | 650 | €352,182 | €278,121 | -€74,061 | -21.0% |
| Other financial charges | 652/9 | €73,875 | €65,469 | -€8,406 | -11.4% |
| Profit (loss) for the period before taxes | 9903 | €1,349,447 | €2,736,779 | +€1.4m | +103% |
| Income taxes | 67/77 | €496,061 | €655,670 | +€159,609 | +32.2% |
| Taxes | 670/3 | €496,061 | €760,656 | +€264,595 | +53.3% |
| Tax adjustments and reversals of tax provisions | 77 | - | €104,986 | +€104,986 | |
| Profit (loss) for the period | 9904 | €853,386 | €2,081,109 | +€1.2m | +144% |
| Profit (loss) for the period to be appropriated | 9905 | €853,386 | €2,081,109 | +€1.2m | +144% |
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 23 October 2026 via checked.be.