DAVID CROQUETTES: 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.
DAVID CROQUETTES
Largest movements
- Tangible fixed assets -€429,115
down €429,115 (-51.0%), from €841,426 to €412,311
of which Land and buildings: -€432,474
- Receivables after one year +€335,936
new in 2025: €335,936
- Receivables within one year -€34,399
down €34,399 (-84.0%), from €40,936 to €6,538
of which Trade receivables: -€34,676
- Debts after one year -€370,000
no longer reported in 2025 (was €370,000)
- Reserves +€229,331
up €229,331 (+98.9%), from €231,974 to €461,305
of which Tax-exempt reserves: +€216,344
- Provisions +€72,115
up €72,115 (+359%), from €20,104 to €92,219
- Other debts -€52,366
down €52,366 (-72.4%), from €72,366 to €20,000
- Tax, wage and social debts -€23,648
down €23,648 (-50.1%), from €47,242 to €23,594
- Gross operating margin +€210,294
up €210,294 (+115%), from €182,267 to €392,561
- Depreciation -€26,244
down €26,244 (-53.4%), from €49,176 to €22,933
- Financial charges -€16,405
down €16,405 (-44.4%), from €36,959 to €20,554
- Taxes +€10,222
up €10,222 (+72.3%), from €14,134 to €24,355
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 | €927,772 | €798,795 | -€128,978 | -13.9% |
| Fixed assets | 21/28 | €879,276 | €450,161 | -€429,115 | -48.8% |
| Tangible fixed assets | 22/27 | €841,426 | €412,311 | -€429,115 | -51.0% |
| Land and buildings | 22 | €787,464 | €354,991 | -€432,474 | -54.9% |
| Furniture and vehicles | 24 | €10,662 | €3,439 | -€7,223 | -67.7% |
| Other tangible fixed assets | 26 | €43,300 | €53,881 | +€10,581 | +24.4% |
| Financial fixed assets | 28 | €37,850 | €37,850 | = | 0.0% |
| Current assets | 29/58 | €48,496 | €348,633 | +€300,137 | +619% |
| Amounts receivable after more than one year | 29 | - | €335,936 | +€335,936 | |
| Other amounts receivable | 291 | - | €335,936 | +€335,936 | |
| Amounts receivable within one year | 40/41 | €40,936 | €6,538 | -€34,399 | -84.0% |
| Trade receivables | 40 | €39,838 | €5,162 | -€34,676 | -87.0% |
| Other amounts receivable | 41 | €1,099 | €1,376 | +€277 | +25.2% |
| Cash at bank and in hand | 54/58 | €1,814 | €542 | -€1,272 | -70.1% |
| Deferred charges and accrued income | 490/1 | €5,746 | €5,617 | -€129 | -2.2% |
| Total equity and liabilities | 10/49 | €927,772 | €798,795 | -€128,978 | -13.9% |
| Equity | 10/15 | €383,136 | €612,467 | +€229,331 | +59.9% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Contributions outside capital | 11 | €18,600 | €18,600 | = | 0.0% |
| Share premium | 1100/10 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €231,974 | €461,305 | +€229,331 | +98.9% |
| Non-distributable reserves | 130/1 | €1,860 | €1,860 | = | 0.0% |
| Reserves not available under the articles | 1311 | €1,860 | €1,860 | = | 0.0% |
| Tax-exempt reserves | 132 | €60,313 | €276,657 | +€216,344 | +359% |
| Distributable reserves | 133 | €169,801 | €182,788 | +€12,987 | +7.6% |
| Profit (loss) carried forward | 14 | €132,562 | €132,562 | = | 0.0% |
| Provisions and deferred taxes | 16 | €20,104 | €92,219 | +€72,115 | +359% |
| Deferred taxes | 168 | €20,104 | €92,219 | +€72,115 | +359% |
| Amounts payable | 17/49 | €524,532 | €94,108 | -€430,424 | -82.1% |
| Amounts payable after more than one year | 17 | €370,000 | - | -€370,000 | |
| Financial debts | 170/4 | €370,000 | - | -€370,000 | |
| Amounts payable within one year | 42/48 | €154,532 | €94,108 | -€60,424 | -39.1% |
| Trade debts | 44 | €34,924 | €50,514 | +€15,590 | +44.6% |
| Suppliers | 440/4 | €34,924 | €50,514 | +€15,590 | +44.6% |
| Taxes, remuneration and social security | 45 | €47,242 | €23,594 | -€23,648 | -50.1% |
| Taxes | 450/3 | €47,242 | €23,594 | -€23,648 | -50.1% |
| Other amounts payable | 47/48 | €72,366 | €20,000 | -€52,366 | -72.4% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €49,176 | €22,933 | -€26,244 | -53.4% |
| Other operating charges | 640/8 | €4,606 | €1,984 | -€2,622 | -56.9% |
| Non-recurring operating charges | 66A | €20,000 | €1,289 | -€18,711 | -93.6% |
| Gross operating margin | 9900 | €182,267 | €392,561 | +€210,294 | +115% |
| Operating profit (loss) | 9901 | €108,485 | €366,355 | +€257,871 | +238% |
| Financial income | 75/76B | €34 | €0 | -€34 | -99.9% |
| Recurring financial income | 75 | €34 | €0 | -€34 | -99.9% |
| Financial charges | 65/66B | €36,959 | €20,554 | -€16,405 | -44.4% |
| Recurring financial charges | 65 | €36,959 | €20,554 | -€16,405 | -44.4% |
| Profit (loss) for the period before taxes | 9903 | €71,560 | €345,801 | +€274,241 | +383% |
| Transfer from deferred taxes | 780 | €3,205 | €3,208 | +€3 | +0.1% |
| Transfer to deferred taxes | 680 | - | €75,323 | +€75,323 | |
| Income taxes | 67/77 | €14,134 | €24,355 | +€10,222 | +72.3% |
| Profit (loss) for the period | 9904 | €60,631 | €249,331 | +€188,700 | +311% |
| Transfer from tax-exempt reserves | 789 | €9,615 | €9,625 | +€10 | +0.1% |
| Transfer to tax-exempt reserves | 689 | - | €225,969 | +€225,969 | |
| Profit (loss) for the period to be appropriated | 9905 | €70,246 | €32,987 | -€37,260 | -53.0% |
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 15 October 2026 via checked.be.