FOOD, FLY & FUN: 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, FLY & FUN
Largest movements
- Cash +€39,387
up €39,387 (+159%), from €24,712 to €64,100
mainly Net result for the year (+€96,848) and Depreciation (+€43,686)
- Tangible fixed assets -€17,383
down €17,383 (-5.6%), from €309,161 to €291,778
of which Plant, machinery and equipment: -€26,589
- Receivables within one year -€13,343
down €13,343 (-58.6%), from €22,779 to €9,436
of which Other amounts receivable: -€11,318
- Other debts +€16,194
up €16,194 (+7.0%), from €232,600 to €248,793
- Reserves +€11,020
up €11,020 (+12.8%), from €85,829 to €96,848
- Current portion of long-term debt -€10,178
down €10,178 (-100%), from €10,178 to €0
- Trade debts -€7,325
down €7,325 (-35.2%), from €20,826 to €13,501
- Gross operating margin +€68,617
up €68,617 (+43.7%), from €157,177 to €225,795
- Staff costs +€43,836
up €43,836 (+3,376%), from €1,298 to €45,134
- Depreciation +€7,295
up €7,295 (+20.0%), from €36,391 to €43,686
- Taxes +€5,644
up €5,644 (+20.4%), from €27,646 to €33,290
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 | €358,910 | €367,795 | +€8,885 | +2.5% |
| Fixed assets | 21/28 | €309,655 | €292,078 | -€17,577 | -5.7% |
| Intangible fixed assets | 21 | €495 | €0 | -€495 | -100% |
| Tangible fixed assets | 22/27 | €309,161 | €291,778 | -€17,383 | -5.6% |
| Land and buildings | 22 | €131,062 | €123,651 | -€7,411 | -5.7% |
| Plant, machinery and equipment | 23 | €124,999 | €98,410 | -€26,589 | -21.3% |
| Furniture and vehicles | 24 | €37,592 | €56,398 | +€18,806 | +50.0% |
| Other tangible fixed assets | 26 | €12,411 | €10,617 | -€1,793 | -14.5% |
| Assets under construction and advance payments | 27 | €3,097 | €2,702 | -€395 | -12.8% |
| Financial fixed assets | 28 | - | €300 | +€300 | |
| Current assets | 29/58 | €49,255 | €75,717 | +€26,463 | +53.7% |
| Amounts receivable within one year | 40/41 | €22,779 | €9,436 | -€13,343 | -58.6% |
| Trade receivables | 40 | €2,025 | €0 | -€2,025 | -100% |
| Other amounts receivable | 41 | €20,754 | €9,436 | -€11,318 | -54.5% |
| Cash at bank and in hand | 54/58 | €24,712 | €64,100 | +€39,387 | +159% |
| Deferred charges and accrued income | 490/1 | €1,764 | €2,182 | +€418 | +23.7% |
| Total equity and liabilities | 10/49 | €358,910 | €367,795 | +€8,885 | +2.5% |
| Equity | 10/15 | €88,329 | €99,348 | +€11,020 | +12.5% |
| Contributions | 10/11 | €2,500 | €2,500 | = | 0.0% |
| Reserves | 13 | €85,829 | €96,848 | +€11,020 | +12.8% |
| Distributable reserves | 133 | €85,829 | €96,848 | +€11,020 | +12.8% |
| Profit (loss) carried forward | 14 | €0 | €0 | = | |
| Amounts payable | 17/49 | €270,581 | €268,447 | -€2,134 | -0.8% |
| Amounts payable after more than one year | 17 | €0 | - | = | |
| Financial debts | 170/4 | €0 | - | = | |
| Amounts payable within one year | 42/48 | €269,225 | €268,447 | -€779 | -0.3% |
| Current portion of amounts payable after more than one year | 42 | €10,178 | €0 | -€10,178 | -100% |
| Financial debts | 43 | €0 | - | = | |
| Other loans | 439 | €0 | - | = | |
| Trade debts | 44 | €20,826 | €13,501 | -€7,325 | -35.2% |
| Suppliers | 440/4 | €20,826 | €13,501 | -€7,325 | -35.2% |
| Taxes, remuneration and social security | 45 | €5,621 | €6,153 | +€531 | +9.5% |
| Taxes | 450/3 | €5,621 | €630 | -€4,991 | -88.8% |
| Remuneration and social security | 454/9 | - | €5,522 | +€5,522 | |
| Other amounts payable | 47/48 | €232,600 | €248,793 | +€16,194 | +7.0% |
| Accrued charges and deferred income | 492/3 | €1,356 | €0 | -€1,356 | -100% |
| Remuneration, social security and pensions | 62 | €1,298 | €45,134 | +€43,836 | +3,376% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €36,391 | €43,686 | +€7,295 | +20.0% |
| Other operating charges | 640/8 | €4,099 | €4,157 | +€58 | +1.4% |
| Non-recurring operating charges | 66A | - | €2,319 | +€2,319 | |
| Gross operating margin | 9900 | €157,177 | €225,795 | +€68,617 | +43.7% |
| Operating profit (loss) | 9901 | €115,388 | €130,498 | +€15,110 | +13.1% |
| Financial income | 75/76B | €10 | €167 | +€157 | +1,574% |
| Recurring financial income | 75 | €10 | €167 | +€157 | +1,574% |
| Financial charges | 65/66B | €1,923 | €527 | -€1,396 | -72.6% |
| Recurring financial charges | 65 | €1,923 | €527 | -€1,396 | -72.6% |
| Profit (loss) for the period before taxes | 9903 | €113,475 | €130,138 | +€16,663 | +14.7% |
| Income taxes | 67/77 | €27,646 | €33,290 | +€5,644 | +20.4% |
| Profit (loss) for the period | 9904 | €85,829 | €96,848 | +€11,020 | +12.8% |
| Profit (loss) for the period to be appropriated | 9905 | €85,829 | €96,848 | +€11,020 | +12.8% |
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 20 October 2026 via checked.be.