FOOD EVOLUTION GROUP: 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
FOOD EVOLUTION GROUP
NACE 10.712, Artisanal bread and fresh pastry making
financial year 2024 compared with 2023filed annual accounts (NBB)
Net result for the year
€4,742
2023 · -€23,246+€27,988
Equity
€81,496
2023 · €76,754+€4,742
Cash
€63,577
2023 · €53,747+€9,829
Balance sheet total
€1.7m
2023 · €1.4m+€387,839
Largest movements
Assets
- Tangible fixed assets +€348,714
up €348,714 (+29.1%), from €1.2m to €1.5m
of which Other tangible fixed assets: +€315,101
- Stocks and contracts +€20,810
up €20,810 (+31.8%), from €65,430 to €86,240
Equity and liabilities
- Debts after one year +€209,486
up €209,486 (+26.6%), from €786,616 to €996,102
- Trade debts +€141,983
up €141,983 (+111%), from €128,131 to €270,114
- Current portion of long-term debt +€37,695
up €37,695 (+45.5%), from €82,819 to €120,514
Income statement
- Depreciation -€66,973
down €66,973 (-32.1%), from €208,468 to €141,494
- Staff costs +€35,698
up €35,698 (+27.8%), from €128,285 to €163,983
- Other operating charges +€5,942
up €5,942 (+110%), from €5,384 to €11,326
From the 2023 result to the 2024 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 2023
-€23,246
Gross operating margin
-€1,232
Staff costs
-€35,698
Depreciation
+€66,973
Other operating charges
-€5,942
Financial income
+€2,207
Financial charges
+€1,680
Result 2024
€4,742
raises the resultlowers the result
Derived cash bridge
Derived from the 2023 and 2024 balance sheets and the 2024 result: not a filed cash-flow statement. It shows where the money came from and went.
From operations
+€254,907
Investment
-€492,258
Financing
+€247,181
Cash 2023
€53,747
From operations (derived)
+€254,907
Net result for the year
+€4,742
Depreciation
+€141,494
Stocks and contracts
-€20,810
Receivables within one year
-€8,939
Deferred charges and accrued income
+€2,504
Trade debts
+€141,983
Tax, wage and social debts
+€5,445
Other debts
-€13,858
Accrued charges and deferred income
+€2,346
Investment (derived)
-€492,258
Investment in fixed assets (net)
-€492,258
Financing
+€247,181
Debts after one year
+€209,486
Current portion of long-term debt
+€37,695
Cash 2024
€63,577
brings cash intakes cash out
Every line side by side
| Line | Code | 2023 | 2024 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €1,360,926 | €1,748,765 | +€387,839 | +28.5% |
| Formation expenses | 20 | €855 | €603 | -€252 | -29.5% |
| Fixed assets | 21/28 | €1,221,426 | €1,572,442 | +€351,016 | +28.7% |
| Intangible fixed assets | 21 | €21,594 | €22,426 | +€832 | +3.9% |
| Tangible fixed assets | 22/27 | €1,199,832 | €1,548,547 | +€348,714 | +29.1% |
| Land and buildings | 22 | €699,048 | €671,415 | -€27,633 | -4.0% |
| Plant, machinery and equipment | 23 | €466,522 | €518,504 | +€51,982 | +11.1% |
| Furniture and vehicles | 24 | €13,047 | €22,311 | +€9,264 | +71.0% |
| Other tangible fixed assets | 26 | €21,215 | €336,316 | +€315,101 | +1,485% |
| Financial fixed assets | 28 | - | €1,470 | +€1,470 | |
| Current assets | 29/58 | €138,645 | €175,720 | +€37,075 | +26.7% |
| Stocks and contracts in progress | 3 | €65,430 | €86,240 | +€20,810 | +31.8% |
| Stocks | 30/36 | €65,430 | €86,240 | +€20,810 | +31.8% |
| Amounts receivable within one year | 40/41 | €15,981 | €24,920 | +€8,939 | +55.9% |
| Trade receivables | 40 | €8,911 | €4,160 | -€4,751 | -53.3% |
| Other amounts receivable | 41 | €7,070 | €20,760 | +€13,690 | +194% |
| Cash at bank and in hand | 54/58 | €53,747 | €63,577 | +€9,829 | +18.3% |
| Deferred charges and accrued income | 490/1 | €3,487 | €983 | -€2,504 | -71.8% |
| Total equity and liabilities | 10/49 | €1,360,926 | €1,748,765 | +€387,839 | +28.5% |
| Equity | 10/15 | €76,754 | €81,496 | +€4,742 | +6.2% |
| Contributions | 10/11 | €100,000 | €100,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€23,246 | -€18,504 | +€4,742 | +20.4% |
| Amounts payable | 17/49 | €1,284,172 | €1,667,269 | +€383,097 | +29.8% |
| Amounts payable after more than one year | 17 | €786,616 | €996,102 | +€209,486 | +26.6% |
| Financial debts | 170/4 | €786,616 | €996,102 | +€209,486 | +26.6% |
| Amounts payable within one year | 42/48 | €496,875 | €668,141 | +€171,266 | +34.5% |
| Current portion of amounts payable after more than one year | 42 | €82,819 | €120,514 | +€37,695 | +45.5% |
| Trade debts | 44 | €128,131 | €270,114 | +€141,983 | +111% |
| Suppliers | 440/4 | €128,131 | €270,114 | +€141,983 | +111% |
| Taxes, remuneration and social security | 45 | €7,340 | €12,785 | +€5,445 | +74.2% |
| Taxes | 450/3 | €2,279 | €4,277 | +€1,998 | +87.7% |
| Remuneration and social security | 454/9 | €5,061 | €8,508 | +€3,447 | +68.1% |
| Other amounts payable | 47/48 | €278,586 | €264,728 | -€13,858 | -5.0% |
| Accrued charges and deferred income | 492/3 | €680 | €3,026 | +€2,346 | +345% |
| Remuneration, social security and pensions | 62 | €128,285 | €163,983 | +€35,698 | +27.8% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €208,468 | €141,494 | -€66,973 | -32.1% |
| Other operating charges | 640/8 | €5,384 | €11,326 | +€5,942 | +110% |
| Gross operating margin | 9900 | €343,663 | €342,431 | -€1,232 | -0.4% |
| Operating profit (loss) | 9901 | €1,526 | €25,627 | +€24,101 | +1,580% |
| Financial income | 75/76B | €470 | €2,677 | +€2,207 | +470% |
| Recurring financial income | 75 | €470 | €2,677 | +€2,207 | +470% |
| Financial charges | 65/66B | €25,242 | €23,562 | -€1,680 | -6.7% |
| Recurring financial charges | 65 | €25,242 | €23,562 | -€1,680 | -6.7% |
| Profit (loss) for the period before taxes | 9903 | -€23,246 | €4,742 | +€27,988 | |
| Profit (loss) for the period | 9904 | -€23,246 | €4,742 | +€27,988 | |
| Profit (loss) for the period to be appropriated | 9905 | -€23,246 | €4,742 | +€27,988 |
Source: filed annual accounts (NBB), financial years ended 31 December 2023 and 31 December 2024. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 17 October 2026 via checked.be.