FOOD PROJECT: 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 PROJECT
Largest movements
- Intangible fixed assets -€77,566
down €77,566 (-99.7%), from €77,769 to €203
- Cash +€72,900
up €72,900 (+107%), from €68,411 to €141,311
mainly Investment in fixed assets (net) (+€116,566) and Accrued charges and deferred income (+€35,841)
- Tangible fixed assets -€51,565
down €51,565 (-44.4%), from €116,037 to €64,471
of which Other tangible fixed assets: -€28,916
- Receivables within one year -€27,424
down €27,424 (-28.3%), from €96,883 to €69,460
of which Trade receivables: -€37,854
- Trade debts -€85,491
down €85,491 (-58.9%), from €145,161 to €59,670
- Profit (loss) carried forward -€57,065
down €57,065 (-443%), from -€12,875 to -€69,941
- Accrued charges and deferred income +€35,841
up €35,841 (+95,372%), from €38 to €35,878
- Tax, wage and social debts -€23,532
down €23,532 (-47.7%), from €49,326 to €25,795
- Other debts +€17,474
up €17,474 (+26.3%), from €66,495 to €83,970
- Turnover +€197,201
up €197,201 (+11.3%), from €1.8m to €1.9m
- Purchases and services +€169,031
up €169,031 (+14.2%), from €1.2m to €1.4m
- Other operating charges +€97,136
up €97,136 (+3,452%), from €2,814 to €99,950
- Staff costs +€73,543
up €73,543 (+16.0%), from €459,140 to €532,683
- Depreciation -€41,064
down €41,064 (-76.6%), from €53,630 to €12,566
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 | €366,745 | €279,083 | -€87,663 | -23.9% |
| Fixed assets | 21/28 | €194,101 | €64,969 | -€129,131 | -66.5% |
| Intangible fixed assets | 21 | €77,769 | €203 | -€77,566 | -99.7% |
| Tangible fixed assets | 22/27 | €116,037 | €64,471 | -€51,565 | -44.4% |
| Plant, machinery and equipment | 23 | €14,466 | €4,299 | -€10,167 | -70.3% |
| Furniture and vehicles | 24 | €19,175 | €6,692 | -€12,483 | -65.1% |
| Other tangible fixed assets | 26 | €82,396 | €53,481 | -€28,916 | -35.1% |
| Financial fixed assets | 28 | €295 | €295 | = | 0.0% |
| Current assets | 29/58 | €172,645 | €214,113 | +€41,469 | +24.0% |
| Stocks and contracts in progress | 3 | €5,798 | €2,845 | -€2,953 | -50.9% |
| Stocks | 30/36 | €5,798 | €2,845 | -€2,953 | -50.9% |
| Amounts receivable within one year | 40/41 | €96,883 | €69,460 | -€27,424 | -28.3% |
| Trade receivables | 40 | €96,883 | €59,029 | -€37,854 | -39.1% |
| Other amounts receivable | 41 | - | €10,431 | +€10,431 | |
| Cash at bank and in hand | 54/58 | €68,411 | €141,311 | +€72,900 | +107% |
| Deferred charges and accrued income | 490/1 | €1,552 | €497 | -€1,055 | -68.0% |
| Total equity and liabilities | 10/49 | €366,745 | €279,083 | -€87,663 | -23.9% |
| Equity | 10/15 | €5,725 | -€51,341 | -€57,065 | |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Capital | 10 | €18,600 | €18,600 | = | 0.0% |
| Issued capital | 100 | €18,600 | €18,600 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€12,875 | -€69,941 | -€57,065 | -443% |
| Amounts payable | 17/49 | €361,021 | €330,423 | -€30,597 | -8.5% |
| Amounts payable after more than one year | 17 | €100,000 | €115,010 | +€15,010 | +15.0% |
| Financial debts | 170/4 | - | €15,010 | +€15,010 | |
| Other amounts payable | 178/9 | €100,000 | €100,000 | = | 0.0% |
| Amounts payable within one year | 42/48 | €260,983 | €179,535 | -€81,448 | -31.2% |
| Financial debts | 43 | - | €10,100 | +€10,100 | |
| Credit institutions | 430/8 | - | €10,100 | +€10,100 | |
| Trade debts | 44 | €145,161 | €59,670 | -€85,491 | -58.9% |
| Suppliers | 440/4 | €145,161 | €59,670 | -€85,491 | -58.9% |
| Taxes, remuneration and social security | 45 | €49,326 | €25,795 | -€23,532 | -47.7% |
| Taxes | 450/3 | €49,326 | €25,795 | -€23,532 | -47.7% |
| Other amounts payable | 47/48 | €66,495 | €83,970 | +€17,474 | +26.3% |
| Accrued charges and deferred income | 492/3 | €38 | €35,878 | +€35,841 | +95,372% |
| Turnover | 70 | €1,751,138 | €1,948,338 | +€197,201 | +11.3% |
| Goods, raw materials, services and sundry goods | 60/61 | €1,191,076 | €1,360,107 | +€169,031 | +14.2% |
| Remuneration, social security and pensions | 62 | €459,140 | €532,683 | +€73,543 | +16.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €53,630 | €12,566 | -€41,064 | -76.6% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | €7,741 | -€7,741 | -€15,481 | |
| Other operating charges | 640/8 | €2,814 | €99,950 | +€97,136 | +3,452% |
| Gross operating margin | 9900 | €578,741 | €600,568 | +€21,828 | +3.8% |
| Operating profit (loss) | 9901 | €55,416 | -€36,889 | -€92,305 | |
| Financial income | 75/76B | €3,876 | €4,176 | +€301 | +7.8% |
| Recurring financial income | 75 | €3,876 | €627 | -€3,248 | -83.8% |
| Non-recurring financial income | 76B | - | €3,549 | +€3,549 | |
| Financial charges | 65/66B | €9,540 | €24,353 | +€14,813 | +155% |
| Recurring financial charges | 65 | €9,540 | €24,353 | +€14,813 | +155% |
| Profit (loss) for the period before taxes | 9903 | €49,752 | -€57,065 | -€106,817 | |
| Profit (loss) for the period | 9904 | €49,752 | -€57,065 | -€106,817 | |
| Profit (loss) for the period to be appropriated | 9905 | €49,752 | -€57,065 | -€106,817 |
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.