FOOD PROJECTS: 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 PROJECTS
Largest movements
- Tangible fixed assets -€57,591
down €57,591 (-2.9%), from €2.0m to €1.9m
of which Land and buildings: -€52,985
- Debts after one year -€243,127
down €243,127 (-22.9%), from €1.1m to €820,496
- Profit (loss) carried forward +€104,154
up €104,154 (+56.5%), from €184,325 to €288,479
- Tax, wage and social debts +€36,146
up €36,146 (+145%), from €24,948 to €61,093
- Depreciation -€43,054
down €43,054 (-42.8%), from €100,645 to €57,591
- Taxes +€17,651
up €17,651 (+81.3%), from €21,708 to €39,359
- Financial charges -€4,724
down €4,724 (-12.5%), from €37,827 to €33,103
- Other operating charges +€3,898
up €3,898 (+18.0%), from €21,627 to €25,525
- Gross operating margin +€3,749
up €3,749 (+1.5%), from €255,809 to €259,558
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 | €2,381,476 | €2,292,132 | -€89,344 | -3.8% |
| Fixed assets | 21/28 | €2,288,102 | €2,230,510 | -€57,591 | -2.5% |
| Tangible fixed assets | 22/27 | €1,979,602 | €1,922,010 | -€57,591 | -2.9% |
| Land and buildings | 22 | €1,974,854 | €1,921,869 | -€52,985 | -2.7% |
| Furniture and vehicles | 24 | €4,747 | €141 | -€4,606 | -97.0% |
| Financial fixed assets | 28 | €308,500 | €308,500 | = | 0.0% |
| Current assets | 29/58 | €93,374 | €61,622 | -€31,752 | -34.0% |
| Amounts receivable within one year | 40/41 | €56,498 | €39,478 | -€17,020 | -30.1% |
| Trade receivables | 40 | €36,000 | €27,500 | -€8,500 | -23.6% |
| Other amounts receivable | 41 | €20,498 | €11,978 | -€8,520 | -41.6% |
| Cash at bank and in hand | 54/58 | €36,876 | €22,144 | -€14,732 | -40.0% |
| Total equity and liabilities | 10/49 | €2,381,476 | €2,292,132 | -€89,344 | -3.8% |
| Equity | 10/15 | €979,075 | €1,083,229 | +€104,154 | +10.6% |
| Contributions | 10/11 | €62,500 | €62,500 | = | 0.0% |
| Capital | 10 | €62,500 | - | -€62,500 | |
| Issued capital | 100 | €62,500 | - | -€62,500 | |
| Contributions outside capital | 11 | - | €62,500 | +€62,500 | |
| Other | 1109/19 | - | €62,500 | +€62,500 | |
| Revaluation surpluses | 12 | €726,000 | €726,000 | = | 0.0% |
| Reserves | 13 | €6,250 | €6,250 | = | 0.0% |
| Non-distributable reserves | 130/1 | €6,250 | €6,250 | = | 0.0% |
| Legal reserve | 130 | €6,250 | - | -€6,250 | |
| Other | 1319 | - | €6,250 | +€6,250 | |
| Profit (loss) carried forward | 14 | €184,325 | €288,479 | +€104,154 | +56.5% |
| Amounts payable | 17/49 | €1,402,401 | €1,208,903 | -€193,498 | -13.8% |
| Amounts payable after more than one year | 17 | €1,063,623 | €820,496 | -€243,127 | -22.9% |
| Financial debts | 170/4 | €1,063,623 | €820,496 | -€243,127 | -22.9% |
| Amounts payable within one year | 42/48 | €338,721 | €388,407 | +€49,686 | +14.7% |
| Current portion of amounts payable after more than one year | 42 | €236,347 | €243,156 | +€6,809 | +2.9% |
| Financial debts | 43 | - | €105 | +€105 | |
| Credit institutions | 430/8 | - | €105 | +€105 | |
| Trade debts | 44 | €1,585 | €2,279 | +€694 | +43.8% |
| Suppliers | 440/4 | €1,585 | €2,279 | +€694 | +43.8% |
| Taxes, remuneration and social security | 45 | €24,948 | €61,093 | +€36,146 | +145% |
| Taxes | 450/3 | €24,948 | €61,093 | +€36,146 | +145% |
| Other amounts payable | 47/48 | €75,840 | €81,774 | +€5,933 | +7.8% |
| Accrued charges and deferred income | 492/3 | €58 | €0 | -€58 | -100% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €100,645 | €57,591 | -€43,054 | -42.8% |
| Other operating charges | 640/8 | €21,627 | €25,525 | +€3,898 | +18.0% |
| Gross operating margin | 9900 | €255,809 | €259,558 | +€3,749 | +1.5% |
| Operating profit (loss) | 9901 | €133,536 | €176,442 | +€42,906 | +32.1% |
| Financial income | 75/76B | €621 | €174 | -€447 | -71.9% |
| Recurring financial income | 75 | €621 | €174 | -€447 | -71.9% |
| Financial charges | 65/66B | €37,827 | €33,103 | -€4,724 | -12.5% |
| Recurring financial charges | 65 | €37,827 | €33,103 | -€4,724 | -12.5% |
| Profit (loss) for the period before taxes | 9903 | €96,331 | €143,513 | +€47,183 | +49.0% |
| Income taxes | 67/77 | €21,708 | €39,359 | +€17,651 | +81.3% |
| Profit (loss) for the period | 9904 | €74,623 | €104,154 | +€29,532 | +39.6% |
| Profit (loss) for the period to be appropriated | 9905 | €74,623 | €104,154 | +€29,532 | +39.6% |
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 23 October 2026 via checked.be.