CHEF CARL: 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.
CHEF CARL
Largest movements
- Receivables within one year -€12,984
down €12,984 (-15.1%), from €85,715 to €72,730
of which Other amounts receivable: -€13,226
- Tax, wage and social debts -€14,614
down €14,614 (-84.6%), from €17,271 to €2,657
of which Remuneration and social security: -€14,239
- Trade debts -€3,991
down €3,991 (-10.5%), from €38,179 to €34,188
- Profit (loss) carried forward +€3,790
up €3,790 (+34.7%), from -€10,924 to -€7,134
- Financial income -€5,292
no longer reported in 2025 (was €5,292)
- Financial charges +€2,462
up €2,462 (+75.3%), from €3,269 to €5,730
- Gross operating margin -€1,448
down €1,448 (-10.8%), from €13,363 to €11,916
- Other operating charges -€948
down €948 (-58.4%), from €1,623 to €675
- Taxes +€527
up €527 (+69.0%), from €764 to €1,291
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
Cash or the result is not a separate line in both sets of accounts; the cash flow cannot be derived from them.
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €86,953 | €72,730 | -€14,223 | -16.4% |
| Fixed assets | 21/28 | €429 | €0 | -€429 | -100% |
| Tangible fixed assets | 22/27 | €429 | €0 | -€429 | -100% |
| Plant, machinery and equipment | 23 | €429 | €0 | -€429 | -100% |
| Furniture and vehicles | 24 | €0 | €0 | = | |
| Current assets | 29/58 | €86,524 | €72,730 | -€13,794 | -15.9% |
| Amounts receivable within one year | 40/41 | €85,715 | €72,730 | -€12,984 | -15.1% |
| Trade receivables | 40 | €6,014 | €6,256 | +€242 | +4.0% |
| Other amounts receivable | 41 | €79,701 | €66,475 | -€13,226 | -16.6% |
| Deferred charges and accrued income | 490/1 | €810 | - | -€810 | |
| Total equity and liabilities | 10/49 | €86,953 | €72,730 | -€14,223 | -16.4% |
| Equity | 10/15 | €22,744 | €26,534 | +€3,790 | +16.7% |
| Contributions | 10/11 | €6,200 | €6,200 | = | 0.0% |
| Reserves | 13 | €27,468 | €27,468 | = | 0.0% |
| Distributable reserves | 133 | €27,468 | €27,468 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€10,924 | -€7,134 | +€3,790 | +34.7% |
| Amounts payable | 17/49 | €64,210 | €46,197 | -€18,013 | -28.1% |
| Amounts payable within one year | 42/48 | €64,210 | €46,197 | -€18,013 | -28.1% |
| Financial debts | 43 | €8,759 | €9,351 | +€592 | +6.8% |
| Credit institutions | 430/8 | €8,759 | €9,351 | +€592 | +6.8% |
| Trade debts | 44 | €38,179 | €34,188 | -€3,991 | -10.5% |
| Suppliers | 440/4 | €38,179 | €34,188 | -€3,991 | -10.5% |
| Taxes, remuneration and social security | 45 | €17,271 | €2,657 | -€14,614 | -84.6% |
| Taxes | 450/3 | €3,032 | €2,657 | -€375 | -12.4% |
| Remuneration and social security | 454/9 | €14,239 | - | -€14,239 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €825 | €429 | -€396 | -48.0% |
| Other operating charges | 640/8 | €1,623 | €675 | -€948 | -58.4% |
| Gross operating margin | 9900 | €13,363 | €11,916 | -€1,448 | -10.8% |
| Operating profit (loss) | 9901 | €10,915 | €10,811 | -€104 | -1.0% |
| Financial income | 75/76B | €5,292 | - | -€5,292 | |
| Recurring financial income | 75 | €5,292 | - | -€5,292 | |
| Financial charges | 65/66B | €3,269 | €5,730 | +€2,462 | +75.3% |
| Recurring financial charges | 65 | €3,269 | €5,730 | +€2,462 | +75.3% |
| Profit (loss) for the period before taxes | 9903 | €12,938 | €5,081 | -€7,858 | -60.7% |
| Income taxes | 67/77 | €764 | €1,291 | +€527 | +69.0% |
| Profit (loss) for the period | 9904 | €12,174 | €3,790 | -€8,384 | -68.9% |
| Profit (loss) for the period to be appropriated | 9905 | €12,174 | €3,790 | -€8,384 | -68.9% |
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 15 October 2026 via checked.be.