CUISINE 118: 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.
What changed
CUISINE 118
NACE 10.850, Manufacture of food products
financial year 2025 compared with 2024filed annual accounts (NBB)
Net result for the year
€12,896
2024 · €10,518+€2,378
Equity
€265,954
2024 · €253,057+€12,896
Cash
€3,912
2024 · €5,634-€1,722
Balance sheet total
€1.3m
2024 · €1.3m-€33,309
Largest movements
Assets
- Tangible fixed assets -€27,770
down €27,770 (-2.2%), from €1.3m to €1.2m
of which Land and buildings: -€23,662
Equity and liabilities
- Debts after one year -€44,483
down €44,483 (-4.5%), from €983,182 to €938,699
Income statement
- Gross operating margin +€2,369
up €2,369 (+2.6%), from €91,518 to €93,887
- Financial charges +€1,133
up €1,133 (+3.1%), from €36,428 to €37,561
- Depreciation -€1,025
down €1,025 (-2.6%), from €38,698 to €37,673
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.
Result 2024
€10,518
Gross operating margin
+€2,369
Depreciation
+€1,025
Other operating charges
+€245
Financial income
-€113
Financial charges
-€1,133
Taxes
-€15
Result 2025
€12,896
raises the resultlowers the result
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.
From operations
+€49,932
Investment
-€9,903
Financing
-€41,750
Cash 2024
€5,634
From operations (derived)
+€49,932
Net result for the year
+€12,896
Depreciation
+€37,673
Stocks and contracts
-€330
Receivables within one year
+€4,237
Deferred charges and accrued income
-€90
Trade debts
-€2,660
Tax, wage and social debts
+€136
Other debts
-€1,931
Investment (derived)
-€9,903
Investment in fixed assets (net)
-€9,903
Financing
-€41,750
Debts after one year
-€44,483
Current portion of long-term debt
+€2,734
Cash 2025
€3,912
brings cash intakes cash out
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €1,304,847 | €1,271,538 | -€33,309 | -2.6% |
| Fixed assets | 21/28 | €1,275,669 | €1,247,899 | -€27,770 | -2.2% |
| Tangible fixed assets | 22/27 | €1,275,569 | €1,247,799 | -€27,770 | -2.2% |
| Land and buildings | 22 | €1,271,092 | €1,247,430 | -€23,662 | -1.9% |
| Plant, machinery and equipment | 23 | €4,477 | €369 | -€4,108 | -91.8% |
| Financial fixed assets | 28 | €100 | €100 | = | 0.0% |
| Current assets | 29/58 | €29,178 | €23,639 | -€5,539 | -19.0% |
| Stocks and contracts in progress | 3 | €16,045 | €16,376 | +€330 | +2.1% |
| Stocks | 30/36 | €16,045 | €16,376 | +€330 | +2.1% |
| Amounts receivable within one year | 40/41 | €5,815 | €1,579 | -€4,237 | -72.9% |
| Trade receivables | 40 | €4,576 | €795 | -€3,780 | -82.6% |
| Other amounts receivable | 41 | €1,240 | €783 | -€456 | -36.8% |
| Cash at bank and in hand | 54/58 | €5,634 | €3,912 | -€1,722 | -30.6% |
| Deferred charges and accrued income | 490/1 | €1,683 | €1,773 | +€90 | +5.3% |
| Total equity and liabilities | 10/49 | €1,304,847 | €1,271,538 | -€33,309 | -2.6% |
| Equity | 10/15 | €253,057 | €265,954 | +€12,896 | +5.1% |
| Contributions | 10/11 | €200,070 | €200,070 | = | 0.0% |
| Reserves | 13 | €52,987 | €65,884 | +€12,896 | +24.3% |
| Distributable reserves | 133 | €52,987 | €65,884 | +€12,896 | +24.3% |
| Amounts payable | 17/49 | €1,051,789 | €1,005,584 | -€46,205 | -4.4% |
| Amounts payable after more than one year | 17 | €983,182 | €938,699 | -€44,483 | -4.5% |
| Financial debts | 170/4 | €983,182 | €938,699 | -€44,483 | -4.5% |
| Amounts payable within one year | 42/48 | €68,607 | €66,886 | -€1,722 | -2.5% |
| Current portion of amounts payable after more than one year | 42 | €41,183 | €43,916 | +€2,734 | +6.6% |
| Trade debts | 44 | €14,348 | €11,688 | -€2,660 | -18.5% |
| Suppliers | 440/4 | €14,348 | €11,688 | -€2,660 | -18.5% |
| Taxes, remuneration and social security | 45 | €252 | €388 | +€136 | +54.2% |
| Taxes | 450/3 | €252 | €388 | +€136 | +54.2% |
| Other amounts payable | 47/48 | €12,824 | €10,893 | -€1,931 | -15.1% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €38,698 | €37,673 | -€1,025 | -2.6% |
| Other operating charges | 640/8 | €5,741 | €5,496 | -€245 | -4.3% |
| Gross operating margin | 9900 | €91,518 | €93,887 | +€2,369 | +2.6% |
| Operating profit (loss) | 9901 | €47,079 | €50,717 | +€3,639 | +7.7% |
| Financial income | 75/76B | €113 | €1 | -€113 | -99.5% |
| Recurring financial income | 75 | €113 | €1 | -€113 | -99.5% |
| Financial charges | 65/66B | €36,428 | €37,561 | +€1,133 | +3.1% |
| Recurring financial charges | 65 | €36,428 | €37,561 | +€1,133 | +3.1% |
| Profit (loss) for the period before taxes | 9903 | €10,764 | €13,157 | +€2,393 | +22.2% |
| Income taxes | 67/77 | €246 | €260 | +€15 | +6.0% |
| Profit (loss) for the period | 9904 | €10,518 | €12,896 | +€2,378 | +22.6% |
| Profit (loss) for the period to be appropriated | 9905 | €10,518 | €12,896 | +€2,378 | +22.6% |
Source: filed annual accounts (NBB), financial years ended 30 September 2024 and 30 September 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 22 October 2026 via checked.be.