D'CHEF: 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.
D'CHEF
Largest movements
- Cash -€96,709
down €96,709 (-78.3%), from €123,505 to €26,796
mainly Contributions, distributions and other (-€200,000) and Other debts (-€125,080)
- Tangible fixed assets -€25,559
down €25,559 (-25.4%), from €100,514 to €74,955
- Stocks and contracts +€16,421
up €16,421 (+20.5%), from €79,929 to €96,350
- Current investments +€15,241
up €15,241 (+5.4%), from €281,301 to €296,543
- Trade debts +€164,398
up €164,398 (+132%), from €124,467 to €288,865
- Profit (loss) carried forward -€130,167
down €130,167 (-72.8%), from €178,791 to €48,624
- Other debts -€125,080
down €125,080 (-38.0%), from €328,864 to €203,784
- Gross operating margin -€284,787
down €284,787 (-40.9%), from €696,692 to €411,906
- Taxes -€80,968
down €80,968 (-76.5%), from €105,793 to €24,825
- Staff costs +€53,893
up €53,893 (+22.7%), from €237,245 to €291,137
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 | €725,624 | €630,460 | -€95,164 | -13.1% |
| Fixed assets | 21/28 | €100,514 | €74,955 | -€25,559 | -25.4% |
| Tangible fixed assets | 22/27 | €100,514 | €74,955 | -€25,559 | -25.4% |
| Plant, machinery and equipment | 23 | €100,514 | €74,955 | -€25,559 | -25.4% |
| Current assets | 29/58 | €625,110 | €555,505 | -€69,605 | -11.1% |
| Stocks and contracts in progress | 3 | €79,929 | €96,350 | +€16,421 | +20.5% |
| Stocks | 30/36 | €79,929 | €96,350 | +€16,421 | +20.5% |
| Amounts receivable within one year | 40/41 | €140,375 | €135,817 | -€4,559 | -3.2% |
| Trade receivables | 40 | €122,742 | €55,022 | -€67,720 | -55.2% |
| Other amounts receivable | 41 | €17,633 | €80,795 | +€63,161 | +358% |
| Current investments | 50/53 | €281,301 | €296,543 | +€15,241 | +5.4% |
| Cash at bank and in hand | 54/58 | €123,505 | €26,796 | -€96,709 | -78.3% |
| Total equity and liabilities | 10/49 | €725,624 | €630,460 | -€95,164 | -13.1% |
| Equity | 10/15 | €246,962 | €116,794 | -€130,167 | -52.7% |
| Contributions | 10/11 | €61,973 | €61,973 | = | 0.0% |
| Capital | 10 | €61,973 | €61,973 | = | 0.0% |
| Issued capital | 100 | €61,973 | €61,973 | = | 0.0% |
| Reserves | 13 | €6,197 | €6,197 | = | 0.0% |
| Non-distributable reserves | 130/1 | €6,197 | €6,197 | = | 0.0% |
| Legal reserve | 130 | €6,197 | €6,197 | = | 0.0% |
| Profit (loss) carried forward | 14 | €178,791 | €48,624 | -€130,167 | -72.8% |
| Amounts payable | 17/49 | €478,662 | €513,666 | +€35,003 | +7.3% |
| Amounts payable after more than one year | 17 | €0 | - | = | |
| Financial debts | 170/4 | €0 | - | = | |
| Amounts payable within one year | 42/48 | €478,662 | €513,666 | +€35,003 | +7.3% |
| Trade debts | 44 | €124,467 | €288,865 | +€164,398 | +132% |
| Suppliers | 440/4 | €124,467 | €288,865 | +€164,398 | +132% |
| Taxes, remuneration and social security | 45 | €25,331 | €21,017 | -€4,314 | -17.0% |
| Taxes | 450/3 | €1,698 | - | -€1,698 | |
| Remuneration and social security | 454/9 | €23,634 | €21,017 | -€2,617 | -11.1% |
| Other amounts payable | 47/48 | €328,864 | €203,784 | -€125,080 | -38.0% |
| Non-recurring operating income | 76A | €15,551 | - | -€15,551 | |
| Remuneration, social security and pensions | 62 | €237,245 | €291,137 | +€53,893 | +22.7% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €25,836 | €27,872 | +€2,037 | +7.9% |
| Other operating charges | 640/8 | €1,464 | €896 | -€568 | -38.8% |
| Gross operating margin | 9900 | €696,692 | €411,906 | -€284,787 | -40.9% |
| Operating profit (loss) | 9901 | €432,148 | €92,001 | -€340,148 | -78.7% |
| Financial income | 75/76B | €2,632 | €2,823 | +€191 | +7.2% |
| Recurring financial income | 75 | €2,632 | €2,823 | +€191 | +7.2% |
| Financial charges | 65/66B | €123 | €166 | +€43 | +34.6% |
| Recurring financial charges | 65 | €123 | €166 | +€43 | +34.6% |
| Profit (loss) for the period before taxes | 9903 | €434,657 | €94,658 | -€340,000 | -78.2% |
| Income taxes | 67/77 | €105,793 | €24,825 | -€80,968 | -76.5% |
| Profit (loss) for the period | 9904 | €328,864 | €69,833 | -€259,031 | -78.8% |
| Profit (loss) for the period to be appropriated | 9905 | €328,864 | €69,833 | -€259,031 | -78.8% |
Source: filed annual accounts (NBB), financial years ended 31 May 2024 and 30 June 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 15 October 2026 via checked.be.