BELGIAN SWEETS DESIGN: 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 SWEETS DESIGN
Largest movements
- Stocks and contracts -€229,977
down €229,977 (-15.2%), from €1.5m to €1.3m
of which Stocks: -€249,349
- Tangible fixed assets +€192,493
up €192,493 (+67.8%), from €283,775 to €476,268
of which Plant, machinery and equipment: +€157,783
- Cash +€130,337
up €130,337 (+11.8%), from €1.1m to €1.2m
mainly Stocks and contracts (+€229,977) and Debts after one year (+€117,391)
- Receivables within one year +€114,320
up €114,320 (+16.0%), from €712,754 to €827,074
of which Trade receivables: +€78,001
- Debts after one year +€117,391
up €117,391 (+299%), from €39,322 to €156,713
- Current portion of long-term debt -€80,967
down €80,967 (-30.8%), from €263,261 to €182,294
- Advances received +€79,230
up €79,230 (+19.5%), from €405,452 to €484,682
- Trade debts -€64,611
down €64,611 (-16.0%), from €404,893 to €340,282
- Tax, wage and social debts +€53,539
up €53,539 (+18.8%), from €285,226 to €338,765
of which Remuneration and social security: +€43,807
- Gross operating margin -€486,779
down €486,779 (-24.9%), from €2.0m to €1.5m
- Write-downs -€456,609
down €456,609, from €97,331 to -€359,278
- Staff costs +€64,021
up €64,021 (+4.5%), from €1.4m to €1.5m
- Financial charges +€22,100
up €22,100 (+19.8%), from €111,734 to €133,834
From the 2025 result to the 2026 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 2025 and 2026 balance sheets and the 2026 result: not a filed cash-flow statement. It shows where the money came from and went.
Every line side by side
| Line | Code | 2025 | 2026 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €3,675,732 | €3,865,311 | +€189,579 | +5.2% |
| Fixed assets | 21/28 | €283,775 | €476,268 | +€192,493 | +67.8% |
| Tangible fixed assets | 22/27 | €283,775 | €476,268 | +€192,493 | +67.8% |
| Land and buildings | 22 | €138,883 | €210,692 | +€71,809 | +51.7% |
| Plant, machinery and equipment | 23 | €61,861 | €219,644 | +€157,783 | +255% |
| Furniture and vehicles | 24 | €68,028 | €33,506 | -€34,522 | -50.7% |
| Other tangible fixed assets | 26 | €15,003 | €12,426 | -€2,577 | -17.2% |
| Current assets | 29/58 | €3,391,957 | €3,389,043 | -€2,914 | -0.1% |
| Stocks and contracts in progress | 3 | €1,510,060 | €1,280,083 | -€229,977 | -15.2% |
| Stocks | 30/36 | €1,024,491 | €775,142 | -€249,349 | -24.3% |
| Contracts in progress | 37 | €485,569 | €504,941 | +€19,372 | +4.0% |
| Amounts receivable within one year | 40/41 | €712,754 | €827,074 | +€114,320 | +16.0% |
| Trade receivables | 40 | €616,285 | €694,286 | +€78,001 | +12.7% |
| Other amounts receivable | 41 | €96,469 | €132,788 | +€36,319 | +37.6% |
| Cash at bank and in hand | 54/58 | €1,101,201 | €1,231,538 | +€130,337 | +11.8% |
| Deferred charges and accrued income | 490/1 | €67,942 | €50,348 | -€17,594 | -25.9% |
| Total equity and liabilities | 10/49 | €3,675,732 | €3,865,311 | +€189,579 | +5.2% |
| Equity | 10/15 | €1,004,053 | €1,013,518 | +€9,465 | +0.9% |
| Contributions | 10/11 | €62,500 | €62,500 | = | 0.0% |
| Capital | 10 | - | €62,500 | +€62,500 | |
| Issued capital | 100 | - | €62,500 | +€62,500 | |
| Reserves | 13 | €331,250 | €331,250 | = | 0.0% |
| Non-distributable reserves | 130/1 | €25,000 | €25,000 | = | 0.0% |
| Reserves not available under the articles | 1311 | €25,000 | €25,000 | = | 0.0% |
| Tax-exempt reserves | 132 | €56,250 | €56,250 | = | 0.0% |
| Distributable reserves | 133 | €250,000 | €250,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | €610,303 | €619,768 | +€9,465 | +1.6% |
| Amounts payable | 17/49 | €2,671,679 | €2,851,793 | +€180,114 | +6.7% |
| Amounts payable after more than one year | 17 | €39,322 | €156,713 | +€117,391 | +299% |
| Financial debts | 170/4 | €39,322 | €156,713 | +€117,391 | +299% |
| Amounts payable within one year | 42/48 | €2,410,210 | €2,421,868 | +€11,658 | +0.5% |
| Current portion of amounts payable after more than one year | 42 | €263,261 | €182,294 | -€80,967 | -30.8% |
| Trade debts | 44 | €404,893 | €340,282 | -€64,611 | -16.0% |
| Suppliers | 440/4 | €404,893 | €340,282 | -€64,611 | -16.0% |
| Advances received on contracts in progress | 46 | €405,452 | €484,682 | +€79,230 | +19.5% |
| Taxes, remuneration and social security | 45 | €285,226 | €338,765 | +€53,539 | +18.8% |
| Taxes | 450/3 | €4,788 | €14,520 | +€9,732 | +203% |
| Remuneration and social security | 454/9 | €280,438 | €324,245 | +€43,807 | +15.6% |
| Other amounts payable | 47/48 | €1,051,378 | €1,075,845 | +€24,467 | +2.3% |
| Accrued charges and deferred income | 492/3 | €222,147 | €273,212 | +€51,065 | +23.0% |
| Non-recurring operating income | 76A | €7,192 | - | -€7,192 | |
| Remuneration, social security and pensions | 62 | €1,422,373 | €1,486,394 | +€64,021 | +4.5% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €77,345 | €71,647 | -€5,698 | -7.4% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | €97,331 | -€359,278 | -€456,609 | |
| Other operating charges | 640/8 | €50,048 | €60,812 | +€10,764 | +21.5% |
| Non-recurring operating charges | 66A | €1,000 | €56,436 | +€55,436 | +5,544% |
| Gross operating margin | 9900 | €1,957,827 | €1,471,048 | -€486,779 | -24.9% |
| Operating profit (loss) | 9901 | €309,730 | €155,037 | -€154,693 | -49.9% |
| Financial income | 75/76B | €27,525 | €16,782 | -€10,743 | -39.0% |
| Recurring financial income | 75 | €27,525 | €16,782 | -€10,743 | -39.0% |
| Financial charges | 65/66B | €111,734 | €133,834 | +€22,100 | +19.8% |
| Recurring financial charges | 65 | €111,734 | €133,834 | +€22,100 | +19.8% |
| Profit (loss) for the period before taxes | 9903 | €225,521 | €37,985 | -€187,536 | -83.2% |
| Income taxes | 67/77 | €35,044 | €28,520 | -€6,524 | -18.6% |
| Profit (loss) for the period | 9904 | €190,477 | €9,465 | -€181,012 | -95.0% |
| Profit (loss) for the period to be appropriated | 9905 | €190,477 | €9,465 | -€181,012 | -95.0% |
Source: filed annual accounts (NBB), financial years ended 30 April 2025 and 30 April 2026. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 23 October 2026 via checked.be.