CHEFS: 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.
CHEFS
Largest movements
- Tangible fixed assets -€54,267
down €54,267 (-25.9%), from €209,583 to €155,316
- Cash +€10,468
up €10,468 (+75.0%), from €13,952 to €24,420
mainly Depreciation (+€63,369) and Net result for the year (+€58,883)
- Receivables within one year +€8,421
up €8,421 (+109.9%), from €7,663 to €16,084
of which Other amounts receivable: +€9,174
- Intangible fixed assets +€5,591
up €5,591 (+395.4%), from €1,414 to €7,005
- Stocks and contracts +€2,500
up €2,500 (+33.3%), from €7,500 to €10,000
- Trade debts -€38,110
down €38,110 (-80.0%), from €47,630 to €9,520
- Reserves +€33,883
up €33,883 (+40.9%), from €82,772 to €116,655
- Tax, wage and social debts -€18,459
down €18,459 (-85.1%), from €21,703 to €3,243
of which Taxes: -€14,308
- Debts after one year -€6,958
down €6,958 (-31.7%), from €21,971 to €15,013
- Current portion of long-term debt +€4,133
up €4,133 (+62.5%), from €6,617 to €10,749
- Staff costs -€28,945
down €28,945 (-23.4%), from €123,691 to €94,746
- Other operating charges -€12,666
down €12,666 (-86.6%), from €14,632 to €1,966
- Taxes +€5,867
up €5,867 (+98.5%), from €5,957 to €11,824
- Depreciation +€5,215
up €5,215 (+9.0%), from €58,154 to €63,369
- Gross operating margin -€5,084
down €5,084 (-2.1%), from €239,920 to €234,836
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 | €243,810 | €215,634 | -€28,175 | -11.6% |
| Fixed assets | 21/28 | €210,997 | €162,321 | -€48,676 | -23.1% |
| Intangible fixed assets | 21 | €1,414 | €7,005 | +€5,591 | +395.4% |
| Tangible fixed assets | 22/27 | €209,583 | €155,316 | -€54,267 | -25.9% |
| Land and buildings | 22 | €25,243 | €20,676 | -€4,567 | -18.1% |
| Plant, machinery and equipment | 23 | €80,825 | €54,554 | -€26,271 | -32.5% |
| Furniture and vehicles | 24 | €75,425 | €55,061 | -€20,363 | -27.0% |
| Other tangible fixed assets | 26 | €28,091 | €25,025 | -€3,066 | -10.9% |
| Current assets | 29/58 | €32,813 | €53,314 | +€20,501 | +62.5% |
| Stocks and contracts in progress | 3 | €7,500 | €10,000 | +€2,500 | +33.3% |
| Stocks | 30/36 | €7,500 | €10,000 | +€2,500 | +33.3% |
| Amounts receivable within one year | 40/41 | €7,663 | €16,084 | +€8,421 | +109.9% |
| Trade receivables | 40 | €7,663 | €6,910 | -€753 | -9.8% |
| Other amounts receivable | 41 | - | €9,174 | +€9,174 | |
| Cash at bank and in hand | 54/58 | €13,952 | €24,420 | +€10,468 | +75.0% |
| Deferred charges and accrued income | 490/1 | €3,697 | €2,809 | -€888 | -24.0% |
| Total equity and liabilities | 10/49 | €243,810 | €215,634 | -€28,175 | -11.6% |
| Equity | 10/15 | €101,372 | €135,255 | +€33,883 | +33.4% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €82,772 | €116,655 | +€33,883 | +40.9% |
| Distributable reserves | 133 | €82,772 | €116,655 | +€33,883 | +40.9% |
| Amounts payable | 17/49 | €142,438 | €80,380 | -€62,058 | -43.6% |
| Amounts payable after more than one year | 17 | €21,971 | €15,013 | -€6,958 | -31.7% |
| Financial debts | 170/4 | €21,971 | €15,013 | -€6,958 | -31.7% |
| Amounts payable within one year | 42/48 | €120,467 | €65,367 | -€55,100 | -45.7% |
| Current portion of amounts payable after more than one year | 42 | €6,617 | €10,749 | +€4,133 | +62.5% |
| Trade debts | 44 | €47,630 | €9,520 | -€38,110 | -80.0% |
| Suppliers | 440/4 | €47,630 | €9,520 | -€38,110 | -80.0% |
| Taxes, remuneration and social security | 45 | €21,703 | €3,243 | -€18,459 | -85.1% |
| Taxes | 450/3 | €14,335 | €27 | -€14,308 | -99.8% |
| Remuneration and social security | 454/9 | €7,368 | €3,217 | -€4,151 | -56.3% |
| Other amounts payable | 47/48 | €44,518 | €41,854 | -€2,663 | -6.0% |
| Remuneration, social security and pensions | 62 | €123,691 | €94,746 | -€28,945 | -23.4% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €58,154 | €63,369 | +€5,215 | +9.0% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | -€21 | €1,369 | +€1,390 | |
| Other operating charges | 640/8 | €14,632 | €1,966 | -€12,666 | -86.6% |
| Gross operating margin | 9900 | €239,920 | €234,836 | -€5,084 | -2.1% |
| Operating profit (loss) | 9901 | €43,464 | €73,386 | +€29,922 | +68.8% |
| Financial income | 75/76B | €846 | €179 | -€667 | -78.9% |
| Recurring financial income | 75 | €846 | €179 | -€667 | -78.9% |
| Financial charges | 65/66B | €4,222 | €2,857 | -€1,365 | -32.3% |
| Recurring financial charges | 65 | €4,222 | €2,857 | -€1,365 | -32.3% |
| Profit (loss) for the period before taxes | 9903 | €40,087 | €70,707 | +€30,620 | +76.4% |
| Income taxes | 67/77 | €5,957 | €11,824 | +€5,867 | +98.5% |
| Profit (loss) for the period | 9904 | €34,130 | €58,883 | +€24,753 | +72.5% |
| Profit (loss) for the period to be appropriated | 9905 | €34,130 | €58,883 | +€24,753 | +72.5% |
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 30 September 2026 via checked.be.