Belgian Gastronomic Development: 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.
Belgian Gastronomic Development
Largest movements
- Receivables within one year +€473,947
up €473,947 (+527%), from €89,998 to €563,945
of which Trade receivables: +€474,885
- Cash +€205,892
up €205,892 (+528%), from €39,016 to €244,908
mainly Trade debts (+€699,350) and Net result for the year (+€170,333)
- Deferred charges and accrued income -€12,429
down €12,429 (-96.4%), from €12,899 to €470
- Trade debts +€699,350
up €699,350 (+293%), from €238,630 to €937,981
- Debts after one year -€202,460
down €202,460 (-21.8%), from €929,990 to €727,530
- Profit (loss) carried forward +€170,333
up €170,333 (+21.3%), from -€798,824 to -€628,491
- Gross operating margin +€83,391
up €83,391 (+92.6%), from €90,090 to €173,480
- Financial charges +€2,020
up €2,020 (+547%), from €369 to €2,390
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.
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.
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €392,918 | €1,059,927 | +€667,008 | +170% |
| Fixed assets | 21/28 | €251,005 | €250,604 | -€401 | -0.2% |
| Intangible fixed assets | 21 | €250,000 | €250,000 | = | 0.0% |
| Tangible fixed assets | 22/27 | €972 | €604 | -€368 | -37.8% |
| Furniture and vehicles | 24 | €972 | €604 | -€368 | -37.8% |
| Financial fixed assets | 28 | €33 | - | -€33 | |
| Current assets | 29/58 | €141,913 | €809,323 | +€667,409 | +470% |
| Amounts receivable within one year | 40/41 | €89,998 | €563,945 | +€473,947 | +527% |
| Trade receivables | 40 | €65,129 | €540,014 | +€474,885 | +729% |
| Other amounts receivable | 41 | €24,869 | €23,931 | -€938 | -3.8% |
| Cash at bank and in hand | 54/58 | €39,016 | €244,908 | +€205,892 | +528% |
| Deferred charges and accrued income | 490/1 | €12,899 | €470 | -€12,429 | -96.4% |
| Total equity and liabilities | 10/49 | €392,918 | €1,059,927 | +€667,008 | +170% |
| Equity | 10/15 | -€778,364 | -€608,031 | +€170,333 | +21.9% |
| Contributions | 10/11 | €18,600 | €20,460 | +€1,860 | +10.0% |
| Reserves | 13 | €1,860 | - | -€1,860 | |
| Non-distributable reserves | 130/1 | €1,860 | - | -€1,860 | |
| Reserves not available under the articles | 1311 | €1,860 | - | -€1,860 | |
| Profit (loss) carried forward | 14 | -€798,824 | -€628,491 | +€170,333 | +21.3% |
| Amounts payable | 17/49 | €1,171,282 | €1,667,958 | +€496,675 | +42.4% |
| Amounts payable after more than one year | 17 | €929,990 | €727,530 | -€202,460 | -21.8% |
| Financial debts | 170/4 | €929,990 | €727,530 | -€202,460 | -21.8% |
| Amounts payable within one year | 42/48 | €238,630 | €938,075 | +€699,444 | +293% |
| Trade debts | 44 | €238,630 | €937,981 | +€699,350 | +293% |
| Suppliers | 440/4 | €238,630 | €937,981 | +€699,350 | +293% |
| Taxes, remuneration and social security | 45 | - | €94 | +€94 | |
| Taxes | 450/3 | - | €94 | +€94 | |
| Accrued charges and deferred income | 492/3 | €2,662 | €2,353 | -€309 | -11.6% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €132 | €368 | +€236 | +179% |
| Other operating charges | 640/8 | €387 | €400 | +€12 | +3.2% |
| Gross operating margin | 9900 | €90,090 | €173,480 | +€83,391 | +92.6% |
| Operating profit (loss) | 9901 | €89,571 | €172,713 | +€83,142 | +92.8% |
| Financial income | 75/76B | - | €10 | +€10 | |
| Recurring financial income | 75 | - | €10 | +€10 | |
| Financial charges | 65/66B | €369 | €2,390 | +€2,020 | +547% |
| Recurring financial charges | 65 | €369 | €2,390 | +€2,020 | +547% |
| Profit (loss) for the period before taxes | 9903 | €89,202 | €170,333 | +€81,132 | +91.0% |
| Profit (loss) for the period | 9904 | €89,202 | €170,333 | +€81,132 | +91.0% |
| Profit (loss) for the period to be appropriated | 9905 | €89,202 | €170,333 | +€81,132 | +91.0% |
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 17 October 2026 via checked.be.