CHEESE VENTURES: 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 VENTURES
Largest movements
- Cash +€226,765
up €226,765 (+126.4%), from €179,468 to €406,233
mainly Net result for the year (+€1.2m) and Current investments (+€156)
- Receivables within one year +€118,693
up €118,693 (+37.6%), from €315,423 to €434,116
of which Trade receivables: +€93,079
- Reserves +€1.2m
up €1.2m (+375.2%), from €325,480 to €1.5m
of which Distributable reserves: +€981,169
- Debts after one year -€800,000
down €800,000 (-21.1%), from €3.8m to €3.0m
- Financial income +€997,637
up €997,637 (+42193.2%), from €2,364 to €1.0m
- Gross operating margin +€75,694
up €75,694 (+18.8%), from €403,276 to €478,970
- Taxes +€24,076
up €24,076 (+48.5%), from €49,647 to €73,723
- Financial charges -€22,515
down €22,515 (-11.0%), from €205,508 to €182,993
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.
Cash bridge derived
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 | €7,497,302 | €7,842,603 | +€345,302 | +4.6% |
| Fixed assets | 21/28 | €7,002,255 | €7,002,255 | = | 0.0% |
| Financial fixed assets | 28 | €7,002,255 | €7,002,255 | = | 0.0% |
| Current assets | 29/58 | €495,047 | €840,349 | +€345,302 | +69.8% |
| Amounts receivable within one year | 40/41 | €315,423 | €434,116 | +€118,693 | +37.6% |
| Trade receivables | 40 | €239,407 | €332,486 | +€93,079 | +38.9% |
| Other amounts receivable | 41 | €76,017 | €101,630 | +€25,614 | +33.7% |
| Current investments | 50/53 | €156 | €0 | -€156 | -100.0% |
| Cash at bank and in hand | 54/58 | €179,468 | €406,233 | +€226,765 | +126.4% |
| Total equity and liabilities | 10/49 | €7,497,302 | €7,842,603 | +€345,302 | +4.6% |
| Equity | 10/15 | €3,325,480 | €4,546,649 | +€1.2m | +36.7% |
| Contributions | 10/11 | €3,000,000 | €3,000,000 | = | 0.0% |
| Capital | 10 | €3,000,000 | €3,000,000 | = | 0.0% |
| Issued capital | 100 | €3,000,000 | €3,000,000 | = | 0.0% |
| Reserves | 13 | €325,480 | €1,546,649 | +€1.2m | +375.2% |
| Non-distributable reserves | 130/1 | €60,000 | €300,000 | +€240,000 | +400.0% |
| Legal reserve | 130 | €60,000 | €300,000 | +€240,000 | +400.0% |
| Distributable reserves | 133 | €265,480 | €1,246,649 | +€981,169 | +369.6% |
| Amounts payable | 17/49 | €4,171,822 | €3,295,954 | -€875,867 | -21.0% |
| Amounts payable after more than one year | 17 | €3,800,000 | €3,000,000 | -€800,000 | -21.1% |
| Financial debts | 170/4 | €3,800,000 | €3,000,000 | -€800,000 | -21.1% |
| Amounts payable within one year | 42/48 | €166,616 | €113,845 | -€52,771 | -31.7% |
| Trade debts | 44 | €149,270 | €98,687 | -€50,583 | -33.9% |
| Suppliers | 440/4 | €149,270 | €98,687 | -€50,583 | -33.9% |
| Taxes, remuneration and social security | 45 | €17,346 | €15,158 | -€2,189 | -12.6% |
| Taxes | 450/3 | €17,346 | €15,158 | -€2,189 | -12.6% |
| Accrued charges and deferred income | 492/3 | €205,205 | €182,110 | -€23,096 | -11.3% |
| Other operating charges | 640/8 | €1,542 | €1,086 | -€456 | -29.6% |
| Gross operating margin | 9900 | €403,276 | €478,970 | +€75,694 | +18.8% |
| Operating profit (loss) | 9901 | €401,734 | €477,883 | +€76,150 | +19.0% |
| Financial income | 75/76B | €2,364 | €1,000,001 | +€997,637 | +42193.2% |
| Recurring financial income | 75 | €2,364 | €1,000,001 | +€997,637 | +42193.2% |
| Financial charges | 65/66B | €205,508 | €182,993 | -€22,515 | -11.0% |
| Recurring financial charges | 65 | €205,508 | €182,993 | -€22,515 | -11.0% |
| Profit (loss) for the period before taxes | 9903 | €198,590 | €1,294,892 | +€1.1m | +552.0% |
| Income taxes | 67/77 | €49,647 | €73,723 | +€24,076 | +48.5% |
| Profit (loss) for the period | 9904 | €148,942 | €1,221,169 | +€1.1m | +719.9% |
| Profit (loss) for the period to be appropriated | 9905 | €148,942 | €1,221,169 | +€1.1m | +719.9% |
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 11 October 2026 via checked.be.