Food Expert: 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.
Food Expert
Largest movements
- Stocks and contracts -€1.2m
down €1.2m (-37.2%), from €3.1m to €2.0m
- Receivables within one year -€175,014
down €175,014 (-10.3%), from €1.7m to €1.5m
of which Trade receivables: -€125,376
- Deferred charges and accrued income -€144,588
down €144,588 (-68.4%), from €211,304 to €66,716
- Cash -€126,136
down €126,136 (-12.7%), from €992,676 to €866,540
mainly Trade debts (-€1.4m) and Short-term financial debts (-€984,394)
- Trade debts -€1.4m
down €1.4m (-66.1%), from €2.1m to €696,760
- Short-term financial debts -€984,394
down €984,394 (-100%), from €984,394 to €0
- Reserves +€709,312
up €709,312 (+224%), from €316,621 to €1.0m
- Gross operating margin +€259,559
up €259,559 (+12.6%), from €2.1m to €2.3m
- Write-downs +€221,901
up €221,901, from -€124,966 to €96,935
- Financial charges +€158,359
up €158,359 (+106%), from €149,301 to €307,660
- Financial income +€74,491
up €74,491 (+53.5%), from €139,346 to €213,837
- Staff costs +€59,405
up €59,405 (+8.8%), from €672,504 to €731,909
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 | €6,376,839 | €4,727,021 | -€1.6m | -25.9% |
| Fixed assets | 21/28 | €372,933 | €323,341 | -€49,592 | -13.3% |
| Intangible fixed assets | 21 | €362,500 | €312,500 | -€50,000 | -13.8% |
| Tangible fixed assets | 22/27 | €7,168 | €7,559 | +€391 | +5.5% |
| Plant, machinery and equipment | 23 | €1,792 | €738 | -€1,054 | -58.8% |
| Furniture and vehicles | 24 | €5,376 | €6,821 | +€1,445 | +26.9% |
| Financial fixed assets | 28 | €3,265 | €3,282 | +€16 | +0.5% |
| Current assets | 29/58 | €6,003,907 | €4,403,680 | -€1.6m | -26.7% |
| Stocks and contracts in progress | 3 | €3,106,404 | €1,951,915 | -€1.2m | -37.2% |
| Stocks | 30/36 | €3,106,404 | €1,951,915 | -€1.2m | -37.2% |
| Amounts receivable within one year | 40/41 | €1,693,523 | €1,518,509 | -€175,014 | -10.3% |
| Trade receivables | 40 | €1,608,485 | €1,483,109 | -€125,376 | -7.8% |
| Other amounts receivable | 41 | €85,039 | €35,400 | -€49,638 | -58.4% |
| Cash at bank and in hand | 54/58 | €992,676 | €866,540 | -€126,136 | -12.7% |
| Deferred charges and accrued income | 490/1 | €211,304 | €66,716 | -€144,588 | -68.4% |
| Total equity and liabilities | 10/49 | €6,376,839 | €4,727,021 | -€1.6m | -25.9% |
| Equity | 10/15 | €2,540,709 | €3,250,021 | +€709,312 | +27.9% |
| Contributions | 10/11 | €12,400 | €12,400 | = | 0.0% |
| Reserves | 13 | €316,621 | €1,025,933 | +€709,312 | +224% |
| Distributable reserves | 133 | €316,621 | €1,025,933 | +€709,312 | +224% |
| Profit (loss) carried forward | 14 | €2,211,688 | €2,211,688 | = | 0.0% |
| Amounts payable | 17/49 | €3,836,130 | €1,477,000 | -€2.4m | -61.5% |
| Amounts payable after more than one year | 17 | €300,000 | €250,000 | -€50,000 | -16.7% |
| Trade debts | 175 | €300,000 | €250,000 | -€50,000 | -16.7% |
| Amounts payable within one year | 42/48 | €3,536,130 | €1,225,350 | -€2.3m | -65.3% |
| Current portion of amounts payable after more than one year | 42 | €127,120 | €144,143 | +€17,023 | +13.4% |
| Financial debts | 43 | €984,394 | €0 | -€984,394 | -100% |
| Credit institutions | 430/8 | €984,394 | €0 | -€984,394 | -100% |
| Trade debts | 44 | €2,052,713 | €696,760 | -€1.4m | -66.1% |
| Suppliers | 440/4 | €2,052,713 | €696,760 | -€1.4m | -66.1% |
| Advances received on contracts in progress | 46 | €48,605 | €0 | -€48,605 | -100% |
| Taxes, remuneration and social security | 45 | €73,297 | €108,447 | +€35,150 | +48.0% |
| Taxes | 450/3 | €12,470 | €54,854 | +€42,385 | +340% |
| Remuneration and social security | 454/9 | €60,828 | €53,593 | -€7,235 | -11.9% |
| Other amounts payable | 47/48 | €250,000 | €276,000 | +€26,000 | +10.4% |
| Accrued charges and deferred income | 492/3 | €0 | €1,650 | +€1,650 | |
| Remuneration, social security and pensions | 62 | €672,504 | €731,909 | +€59,405 | +8.8% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €53,534 | €53,339 | -€195 | -0.4% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | -€124,966 | €96,935 | +€221,901 | |
| Other operating charges | 640/8 | €7,041 | €8,454 | +€1,413 | +20.1% |
| Gross operating margin | 9900 | €2,053,185 | €2,312,744 | +€259,559 | +12.6% |
| Operating profit (loss) | 9901 | €1,445,072 | €1,422,107 | -€22,965 | -1.6% |
| Financial income | 75/76B | €139,346 | €213,837 | +€74,491 | +53.5% |
| Recurring financial income | 75 | €139,346 | €213,837 | +€74,491 | +53.5% |
| Financial charges | 65/66B | €149,301 | €307,660 | +€158,359 | +106% |
| Recurring financial charges | 65 | €149,301 | €307,660 | +€158,359 | +106% |
| Profit (loss) for the period before taxes | 9903 | €1,435,117 | €1,328,284 | -€106,834 | -7.4% |
| Income taxes | 67/77 | €289,883 | €342,972 | +€53,089 | +18.3% |
| Profit (loss) for the period | 9904 | €1,145,235 | €985,312 | -€159,923 | -14.0% |
| Profit (loss) for the period to be appropriated | 9905 | €1,145,235 | €985,312 | -€159,923 | -14.0% |
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 31 October 2026 via checked.be.