CHEFF KEBAP: what changed
Two fiscal 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.
CHEFF KEBAP
Largest movements
- Cash +€46,722
up €46,722 (+160.6%), from €29,091 to €75,813
mainly Trade debts (+€38,058) and Depreciation (+€20,195)
- Tangible fixed assets -€20,195
down €20,195 (-26.5%), from €76,080 to €55,885
of which Furniture and vehicles: -€17,174
- Receivables within one year +€12,031
up €12,031 (+28.3%), from €42,548 to €54,579
of which Other amounts receivable: +€10,679
- Trade debts +€38,058
up €38,058 (+83.4%), from €45,610 to €83,668
- Debts after one year -€17,532
down €17,532 (-44.4%), from €39,448 to €21,915
- Tax, wage and social debts +€12,098
up €12,098 (+108.1%), from €11,190 to €23,289
of which Remuneration and social security: +€7,700
- Accrued charges and deferred income +€3,000
new in 2025: €3,000
- Gross operating margin +€20,940
up €20,940 (+913.2%), from €2,293 to €23,233
- Financial income +€1,944
up €1,944 (+153.5%), from €1,266 to €3,210
of which Financial income: +€1,477
- Other operating charges -€1,586
down €1,586 (-45.4%), from €3,494 to €1,907
- Financial charges -€298
down €298 (-9.5%), from €3,151 to €2,852
- Depreciation -€264
down €264 (-1.3%), from €20,459 to €20,195
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 | €156,235 | €192,968 | +€36,733 | +23.5% |
| Fixed assets | 21/28 | €76,080 | €55,885 | -€20,195 | -26.5% |
| Tangible fixed assets | 22/27 | €76,080 | €55,885 | -€20,195 | -26.5% |
| Land and buildings | 22 | €17,057 | €15,966 | -€1,091 | -6.4% |
| Plant, machinery and equipment | 23 | €5,848 | €3,918 | -€1,930 | -33.0% |
| Furniture and vehicles | 24 | €53,176 | €36,002 | -€17,174 | -32.3% |
| Current assets | 29/58 | €80,155 | €137,083 | +€56,928 | +71.0% |
| Stocks and contracts in progress | 3 | €3,730 | €3,404 | -€326 | -8.7% |
| Stocks | 30/36 | €3,730 | €3,404 | -€326 | -8.7% |
| Amounts receivable within one year | 40/41 | €42,548 | €54,579 | +€12,031 | +28.3% |
| Trade receivables | 40 | €759 | €2,111 | +€1,353 | +178.2% |
| Other amounts receivable | 41 | €41,789 | €52,468 | +€10,679 | +25.6% |
| Cash at bank and in hand | 54/58 | €29,091 | €75,813 | +€46,722 | +160.6% |
| Deferred charges and accrued income | 490/1 | €4,786 | €3,287 | -€1,500 | -31.3% |
| Total equity and liabilities | 10/49 | €156,235 | €192,968 | +€36,733 | +23.5% |
| Equity | 10/15 | €42,454 | €43,563 | +€1,109 | +2.6% |
| Contributions | 10/11 | €6,200 | €6,200 | = | 0.0% |
| Reserves | 13 | €63,557 | €64,666 | +€1,109 | +1.7% |
| Distributable reserves | 133 | €63,557 | €64,666 | +€1,109 | +1.7% |
| Profit (loss) carried forward | 14 | -€27,302 | -€27,302 | = | 0.0% |
| Amounts payable | 17/49 | €113,781 | €149,405 | +€35,624 | +31.3% |
| Amounts payable after more than one year | 17 | €39,448 | €21,915 | -€17,532 | -44.4% |
| Financial debts | 170/4 | €39,448 | €21,915 | -€17,532 | -44.4% |
| Amounts payable within one year | 42/48 | €74,333 | €124,489 | +€50,156 | +67.5% |
| Current portion of amounts payable after more than one year | 42 | €17,532 | €17,532 | = | 0.0% |
| Trade debts | 44 | €45,610 | €83,668 | +€38,058 | +83.4% |
| Suppliers | 440/4 | €45,610 | €83,668 | +€38,058 | +83.4% |
| Taxes, remuneration and social security | 45 | €11,190 | €23,289 | +€12,098 | +108.1% |
| Taxes | 450/3 | €11,190 | €15,589 | +€4,398 | +39.3% |
| Remuneration and social security | 454/9 | - | €7,700 | +€7,700 | |
| Accrued charges and deferred income | 492/3 | - | €3,000 | +€3,000 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €20,459 | €20,195 | -€264 | -1.3% |
| Other operating charges | 640/8 | €3,494 | €1,907 | -€1,586 | -45.4% |
| Gross operating margin | 9900 | €2,293 | €23,233 | +€20,940 | +913.2% |
| Operating profit (loss) | 9901 | -€21,660 | €1,130 | +€22,790 | |
| Financial income | 75/76B | €1,266 | €3,210 | +€1,944 | +153.5% |
| Recurring financial income | 75 | €1,266 | €2,743 | +€1,477 | +116.6% |
| Non-recurring financial income | 76B | - | €467 | +€467 | |
| Financial charges | 65/66B | €3,151 | €2,852 | -€298 | -9.5% |
| Recurring financial charges | 65 | €3,151 | €2,852 | -€298 | -9.5% |
| Profit (loss) for the period before taxes | 9903 | -€23,544 | €1,488 | +€25,033 | |
| Income taxes | 67/77 | €304 | €379 | +€75 | +24.7% |
| Profit (loss) for the period | 9904 | -€23,849 | €1,109 | +€24,957 | |
| Profit (loss) for the period to be appropriated | 9905 | -€23,849 | €1,109 | +€24,957 |
Source: filed annual accounts (NBB), fiscal years ended 31 December 2024 and 31 December 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 8 October 2026 via checked.be.