CHEESE PLACE: 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.
CHEESE PLACE
Largest movements
- Receivables within one year -€8,693
down €8,693 (-93.4%), from €9,309 to €616
of which Trade receivables: -€8,584
- Cash -€2,380
down €2,380 (-64.5%), from €3,689 to €1,310
mainly Debts after one year (-€18,624) and Net result for the year (-€7,760)
- Debts after one year -€18,624
down €18,624 (-24.7%), from €75,467 to €56,844
- Other debts +€16,605
up €16,605 (+59.5%), from €27,895 to €44,500
- Profit (loss) carried forward -€7,760
down €7,760, from €476 to -€7,284
- Tax, wage and social debts -€2,812
down €2,812 (-95.9%), from €2,931 to €119
- Gross operating margin -€8,181
down €8,181, from €5,850 to -€2,332
- Financial charges +€293
up €293 (+6.5%), from €4,518 to €4,811
- Taxes -€119
down €119 (-100%), from €119 to €0
- Other operating charges -€119
down €119 (-22.9%), from €518 to €400
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 | €189,970 | €178,679 | -€11,291 | -5.9% |
| Fixed assets | 21/28 | €176,971 | €176,753 | -€218 | -0.1% |
| Tangible fixed assets | 22/27 | €812 | €594 | -€218 | -26.9% |
| Furniture and vehicles | 24 | €812 | €594 | -€218 | -26.9% |
| Financial fixed assets | 28 | €176,160 | €176,160 | = | 0.0% |
| Current assets | 29/58 | €12,999 | €1,926 | -€11,073 | -85.2% |
| Amounts receivable within one year | 40/41 | €9,309 | €616 | -€8,693 | -93.4% |
| Trade receivables | 40 | €9,000 | €416 | -€8,584 | -95.4% |
| Other amounts receivable | 41 | €309 | €200 | -€110 | -35.5% |
| Cash at bank and in hand | 54/58 | €3,689 | €1,310 | -€2,380 | -64.5% |
| Total equity and liabilities | 10/49 | €189,970 | €178,679 | -€11,291 | -5.9% |
| Equity | 10/15 | €65,239 | €57,479 | -€7,760 | -11.9% |
| Contributions | 10/11 | €45,000 | €45,000 | = | 0.0% |
| Reserves | 13 | €19,763 | €19,763 | = | 0.0% |
| Distributable reserves | 133 | €19,763 | €19,763 | = | 0.0% |
| Profit (loss) carried forward | 14 | €476 | -€7,284 | -€7,760 | |
| Amounts payable | 17/49 | €124,731 | €121,200 | -€3,531 | -2.8% |
| Amounts payable after more than one year | 17 | €75,467 | €56,844 | -€18,624 | -24.7% |
| Financial debts | 170/4 | €75,467 | €56,844 | -€18,624 | -24.7% |
| Amounts payable within one year | 42/48 | €49,264 | €64,356 | +€15,093 | +30.6% |
| Current portion of amounts payable after more than one year | 42 | €18,023 | €18,624 | +€600 | +3.3% |
| Trade debts | 44 | €415 | €1,114 | +€699 | +169% |
| Suppliers | 440/4 | €415 | €1,114 | +€699 | +169% |
| Taxes, remuneration and social security | 45 | €2,931 | €119 | -€2,812 | -95.9% |
| Taxes | 450/3 | €2,931 | €119 | -€2,812 | -95.9% |
| Other amounts payable | 47/48 | €27,895 | €44,500 | +€16,605 | +59.5% |
| Accrued charges and deferred income | 492/3 | €0 | - | = | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €218 | €218 | +€0 | 0.0% |
| Other operating charges | 640/8 | €518 | €400 | -€119 | -22.9% |
| Gross operating margin | 9900 | €5,850 | -€2,332 | -€8,181 | |
| Operating profit (loss) | 9901 | €5,113 | -€2,950 | -€8,063 | |
| Financial income | 75/76B | €0 | €0 | -€0 | -100% |
| Recurring financial income | 75 | €0 | €0 | -€0 | -100% |
| Financial charges | 65/66B | €4,518 | €4,811 | +€293 | +6.5% |
| Recurring financial charges | 65 | €4,518 | €4,811 | +€293 | +6.5% |
| Profit (loss) for the period before taxes | 9903 | €595 | -€7,760 | -€8,355 | |
| Income taxes | 67/77 | €119 | €0 | -€119 | -100% |
| Profit (loss) for the period | 9904 | €476 | -€7,760 | -€8,236 | |
| Profit (loss) for the period to be appropriated | 9905 | €476 | -€7,760 | -€8,236 |
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 15 October 2026 via checked.be.