FOOD PROJECTS, 33: what changed
What changed
FOOD PROJECTS, 33
NACE 56.111, Full-service restaurants
filed annual accounts (NBB)
Net result for the year
-€88,545
2024 · €27,872-€116,417
Equity
€118,304
2024 · €208,709-€90,405
Cash
€142,479
2024 · €72,164+€70,315
Balance sheet total
€830,388
2024 · €1.0m-€197,334
Largest movements
Assets
- Receivables after one year -€201,430
down €201,430 (-100%), from €201,430 to €0
- Cash +€70,315
up €70,315 (+97.4%), from €72,164 to €142,479
mainly Receivables after one year (+€201,430) and Depreciation (+€67,157)
- Tangible fixed assets -€53,506
down €53,506 (-8.0%), from €665,423 to €611,917
of which Land and buildings: -€40,162
- Financial fixed assets -€32,000
down €32,000 (-100%), from €32,000 to €0
- Stocks and contracts +€28,567
up €28,567 (+99.9%), from €28,591 to €57,158
Equity and liabilities
- Profit (loss) carried forward -€88,545
down €88,545, from €0 to -€88,545
- Debts after one year -€85,830
down €85,830 (-15.6%), from €549,053 to €463,223
- Short-term financial debts -€35,800
down €35,800 (-30.6%), from €117,000 to €81,200
- Trade debts +€19,760
up €19,760 (+48.7%), from €40,548 to €60,308
Income statement
- Financial income +€341,905
up €341,905 (+486,351%), from €70 to €341,975
of which Non-recurring financial income: +€341,430
- Write-downs -€70,000
down €70,000 (-100%), from €70,000 to €0
- Gross operating margin +€59,981
up €59,981 (+20.2%), from €297,028 to €357,009
- Financial charges +€29,770
up €29,770 (+90.9%), from €32,755 to €62,525
of which Non-recurring financial charges: +€32,000
- Staff costs +€11,484
up €11,484 (+11.8%), from €97,607 to €109,091
Change in the result, 2024 to 2025
For each income-statement line you see the change as its effect on the result. Higher costs lower the result, higher income raises it.
Result 2024
€27,872
Gross operating margin
+€59,981
Staff costs
-€11,484
Depreciation
-€6,898
Write-downs
+€70,000
Other operating charges
-€225
Other operating items
-€542,860
Financial income
+€341,905
Financial charges
-€29,770
Taxes
+€2,934
Result 2025
-€88,545
raises the resultlowers the resultnot broken down further in the accounts
Derived cash bridge
The bridge is derived from the 2024 and 2025 balance sheets and the 2025 result. There is no filed cash-flow statement. You see where the money came from and where it went.
From operations
+€172,397
Investment
+€18,349
Financing
-€120,431
Cash 2024
€72,164
From operations (derived)
+€172,397
Net result for the year
-€88,545
Depreciation
+€67,157
Receivables after one year
+€201,430
Stocks and contracts
-€28,567
Receivables within one year
+€9,280
Trade debts
+€19,760
Smaller working-capital items
-€527
Advances received
-€7,591
Investment (derived)
+€18,349
Investment in fixed assets (net)
+€18,349
Financing
-€120,431
Debts after one year
-€85,830
Current portion of long-term debt
+€3,060
Short-term financial debts
-€35,800
Contributions, distributions and other
-€1,860
Cash 2025
€142,479
brings cash intakes cash out
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €1,027,723 | €830,388 | -€197,334 | -19.2% |
| Fixed assets | 21/28 | €697,423 | €611,917 | -€85,506 | -12.3% |
| Tangible fixed assets | 22/27 | €665,423 | €611,917 | -€53,506 | -8.0% |
| Land and buildings | 22 | €607,491 | €567,329 | -€40,162 | -6.6% |
| Plant, machinery and equipment | 23 | €33,584 | €25,296 | -€8,288 | -24.7% |
| Furniture and vehicles | 24 | €24,348 | €19,292 | -€5,056 | -20.8% |
| Financial fixed assets | 28 | €32,000 | €0 | -€32,000 | -100% |
| Current assets | 29/58 | €330,300 | €218,472 | -€111,828 | -33.9% |
| Amounts receivable after more than one year | 29 | €201,430 | €0 | -€201,430 | -100% |
| Trade receivables | 290 | €201,430 | €0 | -€201,430 | -100% |
| Stocks and contracts in progress | 3 | €28,591 | €57,158 | +€28,567 | +99.9% |
| Stocks | 30/36 | €28,591 | €57,158 | +€28,567 | +99.9% |
| Amounts receivable within one year | 40/41 | €28,115 | €18,835 | -€9,280 | -33.0% |
| Trade receivables | 40 | €265 | €615 | +€350 | +132% |
| Other amounts receivable | 41 | €27,850 | €18,220 | -€9,630 | -34.6% |
| Cash at bank and in hand | 54/58 | €72,164 | €142,479 | +€70,315 | +97.4% |
| Total equity and liabilities | 10/49 | €1,027,723 | €830,388 | -€197,334 | -19.2% |
| Equity | 10/15 | €208,709 | €118,304 | -€90,405 | -43.3% |
| Contributions | 10/11 | €8,600 | €8,600 | = | 0.0% |
| Reserves | 13 | €200,109 | €198,249 | -€1,860 | -0.9% |
| Distributable reserves | 133 | €200,109 | €198,249 | -€1,860 | -0.9% |
| Profit (loss) carried forward | 14 | €0 | -€88,545 | -€88,545 | |
| Amounts payable | 17/49 | €819,013 | €712,084 | -€106,929 | -13.1% |
| Amounts payable after more than one year | 17 | €549,053 | €463,223 | -€85,830 | -15.6% |
| Financial debts | 170/4 | €549,053 | €463,223 | -€85,830 | -15.6% |
| Amounts payable within one year | 42/48 | €269,960 | €248,861 | -€21,099 | -7.8% |
| Current portion of amounts payable after more than one year | 42 | €72,771 | €75,830 | +€3,060 | +4.2% |
| Financial debts | 43 | €117,000 | €81,200 | -€35,800 | -30.6% |
| Credit institutions | 430/8 | €117,000 | €81,200 | -€35,800 | -30.6% |
| Trade debts | 44 | €40,548 | €60,308 | +€19,760 | +48.7% |
| Suppliers | 440/4 | €40,548 | €60,308 | +€19,760 | +48.7% |
| Advances received on contracts in progress | 46 | €16,572 | €8,981 | -€7,591 | -45.8% |
| Taxes, remuneration and social security | 45 | €21,645 | €21,188 | -€456 | -2.1% |
| Taxes | 450/3 | €7,328 | €11,981 | +€4,653 | +63.5% |
| Remuneration and social security | 454/9 | €14,317 | €9,208 | -€5,109 | -35.7% |
| Other amounts payable | 47/48 | €1,425 | €1,353 | -€71 | -5.0% |
| Non-recurring operating income | 76A | - | €165 | +€165 | |
| Remuneration, social security and pensions | 62 | €97,607 | €109,091 | +€11,484 | +11.8% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €60,259 | €67,157 | +€6,898 | +11.4% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | €70,000 | €0 | -€70,000 | -100% |
| Other operating charges | 640/8 | €5,458 | €5,683 | +€225 | +4.1% |
| Non-recurring operating charges | 66A | - | €542,860 | +€542,860 | |
| Gross operating margin | 9900 | €297,028 | €357,009 | +€59,981 | +20.2% |
| Operating profit (loss) | 9901 | €63,704 | -€367,783 | -€431,487 | |
| Financial income | 75/76B | €70 | €341,975 | +€341,905 | +486,351% |
| Recurring financial income | 75 | €70 | €545 | +€475 | +676% |
| Non-recurring financial income | 76B | - | €341,430 | +€341,430 | |
| Financial charges | 65/66B | €32,755 | €62,525 | +€29,770 | +90.9% |
| Recurring financial charges | 65 | €32,755 | €30,525 | -€2,230 | -6.8% |
| Non-recurring financial charges | 66B | - | €32,000 | +€32,000 | |
| Profit (loss) for the period before taxes | 9903 | €31,019 | -€88,332 | -€119,351 | |
| Income taxes | 67/77 | €3,147 | €213 | -€2,934 | -93.2% |
| Profit (loss) for the period | 9904 | €27,872 | -€88,545 | -€116,417 | |
| Profit (loss) for the period to be appropriated | 9905 | €27,872 | -€88,545 | -€116,417 |
Next steps
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Calculation and sources
Source: filed annual accounts (NBB), financial years ended 31 December 2024 and 31 December 2025. Green is a favourable move for that line, red an unfavourable one. Prepared on 2 November 2026 via checked.be.