Chef Stefan's: 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 Stefan's
Largest movements
- Tangible fixed assets +€28,662
up €28,662 (+2,173%), from €1,319 to €29,981
of which Furniture and vehicles: +€29,312
- Cash -€5,627
down €5,627 (-99.7%), from €5,646 to €20
mainly Investment in fixed assets (net) (-€30,919) and Net result for the year (-€11,767)
- Receivables within one year +€733
up €733 (+16.4%), from €4,474 to €5,207
of which Trade receivables: +€2,041
- Other debts +€33,221
new in 2025: €33,221
- Profit (loss) carried forward -€11,767
down €11,767 (-136%), from -€8,650 to -€20,418
- Advances received +€2,450
new in 2025: €2,450
- Trade debts -€497
down €497 (-53.0%), from €938 to €440
- Gross operating margin -€5,692
down €5,692 (-256%), from -€2,225 to -€7,917
- Depreciation +€1,767
up €1,767 (+272%), from €650 to €2,417
- Financial income -€411
no longer reported in 2025 (was €411)
- Other operating charges -€291
down €291 (-27.0%), from €1,078 to €786
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 | €11,799 | €35,207 | +€23,408 | +198% |
| Fixed assets | 21/28 | €1,479 | €29,981 | +€28,502 | +1,927% |
| Tangible fixed assets | 22/27 | €1,319 | €29,981 | +€28,662 | +2,173% |
| Plant, machinery and equipment | 23 | €1,319 | €669 | -€650 | -49.3% |
| Furniture and vehicles | 24 | - | €29,312 | +€29,312 | |
| Financial fixed assets | 28 | €160 | - | -€160 | |
| Current assets | 29/58 | €10,320 | €5,226 | -€5,094 | -49.4% |
| Stocks and contracts in progress | 3 | €200 | - | -€200 | |
| Stocks | 30/36 | €200 | - | -€200 | |
| Amounts receivable within one year | 40/41 | €4,474 | €5,207 | +€733 | +16.4% |
| Trade receivables | 40 | - | €2,041 | +€2,041 | |
| Other amounts receivable | 41 | €4,474 | €3,166 | -€1,308 | -29.2% |
| Cash at bank and in hand | 54/58 | €5,646 | €20 | -€5,627 | -99.7% |
| Total equity and liabilities | 10/49 | €11,799 | €35,207 | +€23,408 | +198% |
| Equity | 10/15 | €10,390 | -€1,378 | -€11,767 | |
| Contributions | 10/11 | €18,700 | €18,700 | = | 0.0% |
| Reserves | 13 | €340 | €340 | = | 0.0% |
| Distributable reserves | 133 | €340 | €340 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€8,650 | -€20,418 | -€11,767 | -136% |
| Amounts payable | 17/49 | €1,410 | €36,585 | +€35,175 | +2,495% |
| Amounts payable within one year | 42/48 | €1,410 | €36,585 | +€35,175 | +2,495% |
| Trade debts | 44 | €938 | €440 | -€497 | -53.0% |
| Suppliers | 440/4 | €938 | €440 | -€497 | -53.0% |
| Advances received on contracts in progress | 46 | - | €2,450 | +€2,450 | |
| Taxes, remuneration and social security | 45 | €472 | €474 | +€2 | +0.5% |
| Taxes | 450/3 | €472 | €474 | +€2 | +0.5% |
| Other amounts payable | 47/48 | - | €33,221 | +€33,221 | |
| Non-recurring operating income | 76A | €225 | - | -€225 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €650 | €2,417 | +€1,767 | +272% |
| Other operating charges | 640/8 | €1,078 | €786 | -€291 | -27.0% |
| Non-recurring operating charges | 66A | - | €160 | +€160 | |
| Gross operating margin | 9900 | -€2,225 | -€7,917 | -€5,692 | -256% |
| Operating profit (loss) | 9901 | -€3,953 | -€11,281 | -€7,328 | -185% |
| Financial income | 75/76B | €411 | - | -€411 | |
| Recurring financial income | 75 | €411 | - | -€411 | |
| Financial charges | 65/66B | €8 | €13 | +€4 | +51.5% |
| Recurring financial charges | 65 | €8 | €13 | +€4 | +51.5% |
| Profit (loss) for the period before taxes | 9903 | -€3,550 | -€11,293 | -€7,744 | -218% |
| Income taxes | 67/77 | €437 | €474 | +€37 | +8.6% |
| Profit (loss) for the period | 9904 | -€3,986 | -€11,767 | -€7,781 | -195% |
| Profit (loss) for the period to be appropriated | 9905 | -€3,986 | -€11,767 | -€7,781 | -195% |
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 23 October 2026 via checked.be.