FOOD LINK: 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 LINK
Largest movements
- Cash +€54,091
up €54,091 (+69.4%), from €77,910 to €132,001
mainly Net result for the year (+€74,721) and Other debts (+€59,133)
- Tangible fixed assets -€13,502
down €13,502 (-10.2%), from €132,842 to €119,340
of which Land and buildings: -€22,000
- Receivables within one year +€12,472
new in 2025: €12,472
of which Trade receivables: +€7,441
- Current investments +€7,028
up €7,028 (+1.7%), from €401,793 to €408,822
- Other debts +€59,133
up €59,133 (+2,512%), from €2,354 to €61,487
- Reserves +€13,233
up €13,233 (+3.1%), from €429,405 to €442,638
of which Distributable reserves: +€19,403
- Financial charges -€10,171
down €10,171, from €5,695 to -€4,476
- Financial income +€5,684
up €5,684 (+50.9%), from €11,176 to €16,860
- Taxes +€2,785
up €2,785 (+7.6%), from €36,419 to €39,203
- Depreciation -€2,609
down €2,609 (-6.3%), from €41,101 to €38,492
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 | €614,181 | €674,622 | +€60,441 | +9.8% |
| Fixed assets | 21/28 | €132,892 | €119,390 | -€13,502 | -10.2% |
| Tangible fixed assets | 22/27 | €132,842 | €119,340 | -€13,502 | -10.2% |
| Land and buildings | 22 | €88,000 | €66,000 | -€22,000 | -25.0% |
| Plant, machinery and equipment | 23 | €35,884 | €29,598 | -€6,286 | -17.5% |
| Furniture and vehicles | 24 | €8,957 | €23,742 | +€14,784 | +165% |
| Financial fixed assets | 28 | €50 | €50 | = | 0.0% |
| Current assets | 29/58 | €481,290 | €555,233 | +€73,943 | +15.4% |
| Amounts receivable within one year | 40/41 | - | €12,472 | +€12,472 | |
| Trade receivables | 40 | - | €7,441 | +€7,441 | |
| Other amounts receivable | 41 | - | €5,031 | +€5,031 | |
| Current investments | 50/53 | €401,793 | €408,822 | +€7,028 | +1.7% |
| Cash at bank and in hand | 54/58 | €77,910 | €132,001 | +€54,091 | +69.4% |
| Deferred charges and accrued income | 490/1 | €1,586 | €1,938 | +€352 | +22.2% |
| Total equity and liabilities | 10/49 | €614,181 | €674,622 | +€60,441 | +9.8% |
| Equity | 10/15 | €558,855 | €572,088 | +€13,233 | +2.4% |
| Contributions | 10/11 | €6,197 | €6,197 | = | 0.0% |
| Reserves | 13 | €429,405 | €442,638 | +€13,233 | +3.1% |
| Non-distributable reserves | 130/1 | €1,859 | €1,859 | = | 0.0% |
| Reserves not available under the articles | 1311 | €1,859 | €1,859 | = | 0.0% |
| Tax-exempt reserves | 132 | €24,678 | €18,508 | -€6,169 | -25.0% |
| Distributable reserves | 133 | €402,868 | €422,271 | +€19,403 | +4.8% |
| Profit (loss) carried forward | 14 | €123,253 | €123,253 | = | 0.0% |
| Provisions and deferred taxes | 16 | €12,707 | €9,530 | -€3,177 | -25.0% |
| Deferred taxes | 168 | €12,707 | €9,530 | -€3,177 | -25.0% |
| Amounts payable | 17/49 | €42,619 | €93,004 | +€50,385 | +118% |
| Amounts payable within one year | 42/48 | €42,619 | €93,004 | +€50,385 | +118% |
| Current portion of amounts payable after more than one year | 42 | €6,431 | - | -€6,431 | |
| Trade debts | 44 | €19,379 | €14,437 | -€4,942 | -25.5% |
| Suppliers | 440/4 | €19,379 | €14,437 | -€4,942 | -25.5% |
| Taxes, remuneration and social security | 45 | €14,455 | €17,080 | +€2,625 | +18.2% |
| Taxes | 450/3 | €14,455 | €17,080 | +€2,625 | +18.2% |
| Other amounts payable | 47/48 | €2,354 | €61,487 | +€59,133 | +2,512% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €41,101 | €38,492 | -€2,609 | -6.3% |
| Other operating charges | 640/8 | €3,282 | €3,422 | +€140 | +4.3% |
| Gross operating margin | 9900 | €130,651 | €131,326 | +€675 | +0.5% |
| Operating profit (loss) | 9901 | €86,268 | €89,412 | +€3,144 | +3.6% |
| Financial income | 75/76B | €11,176 | €16,860 | +€5,684 | +50.9% |
| Recurring financial income | 75 | €11,176 | €16,860 | +€5,684 | +50.9% |
| Financial charges | 65/66B | €5,695 | -€4,476 | -€10,171 | |
| Recurring financial charges | 65 | €5,695 | -€4,476 | -€10,171 | |
| Profit (loss) for the period before taxes | 9903 | €91,749 | €110,747 | +€18,998 | +20.7% |
| Transfer from deferred taxes | 780 | €3,538 | €3,177 | -€362 | -10.2% |
| Income taxes | 67/77 | €36,419 | €39,203 | +€2,785 | +7.6% |
| Profit (loss) for the period | 9904 | €58,869 | €74,721 | +€15,851 | +26.9% |
| Transfer from tax-exempt reserves | 789 | €7,254 | €6,169 | -€1,085 | -15.0% |
| Profit (loss) for the period to be appropriated | 9905 | €66,123 | €80,890 | +€14,767 | +22.3% |
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 28 October 2026 via checked.be.