FOOD & VISION: 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 & VISION
Largest movements
- Current investments +€177,181
up €177,181 (+16.1%), from €1.1m to €1.3m
- Receivables within one year +€101,287
up €101,287 (+27.1%), from €373,424 to €474,711
of which Trade receivables: +€100,773
- Cash -€86,464
down €86,464 (-57.9%), from €149,208 to €62,744
mainly Contributions, distributions and other (-€565,328) and Current investments (-€177,181)
- Tangible fixed assets -€72,799
down €72,799 (-10.6%), from €688,373 to €615,574
of which Land and buildings: -€44,614
- Other debts +€258,837
up €258,837 (+345%), from €75,025 to €333,862
- Reserves -€160,586
down €160,586 (-7.6%), from €2.1m to €1.9m
of which Distributable reserves: -€160,586
- Gross operating margin -€12,243
down €12,243 (-1.7%), from €737,478 to €725,235
- Staff costs +€8,284
up €8,284 (+16.3%), from €50,686 to €58,970
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 | €2,482,506 | €2,611,612 | +€129,105 | +5.2% |
| Fixed assets | 21/28 | €688,373 | €615,574 | -€72,799 | -10.6% |
| Tangible fixed assets | 22/27 | €688,373 | €615,574 | -€72,799 | -10.6% |
| Land and buildings | 22 | €577,063 | €532,449 | -€44,614 | -7.7% |
| Plant, machinery and equipment | 23 | €12,098 | €9,979 | -€2,120 | -17.5% |
| Furniture and vehicles | 24 | €99,212 | €73,146 | -€26,066 | -26.3% |
| Current assets | 29/58 | €1,794,133 | €1,996,038 | +€201,905 | +11.3% |
| Stocks and contracts in progress | 3 | €171,835 | €175,827 | +€3,992 | +2.3% |
| Stocks | 30/36 | €171,835 | €175,827 | +€3,992 | +2.3% |
| Amounts receivable within one year | 40/41 | €373,424 | €474,711 | +€101,287 | +27.1% |
| Trade receivables | 40 | €360,324 | €461,097 | +€100,773 | +28.0% |
| Other amounts receivable | 41 | €13,100 | €13,613 | +€514 | +3.9% |
| Current investments | 50/53 | €1,097,677 | €1,274,859 | +€177,181 | +16.1% |
| Cash at bank and in hand | 54/58 | €149,208 | €62,744 | -€86,464 | -57.9% |
| Deferred charges and accrued income | 490/1 | €1,989 | €7,898 | +€5,909 | +297% |
| Total equity and liabilities | 10/49 | €2,482,506 | €2,611,612 | +€129,105 | +5.2% |
| Equity | 10/15 | €2,139,445 | €1,978,860 | -€160,586 | -7.5% |
| Contributions | 10/11 | €38,200 | €38,200 | = | 0.0% |
| Reserves | 13 | €2,101,245 | €1,940,660 | -€160,586 | -7.6% |
| Tax-exempt reserves | 132 | €18,750 | €18,750 | = | 0.0% |
| Distributable reserves | 133 | €2,082,495 | €1,921,910 | -€160,586 | -7.7% |
| Profit (loss) carried forward | 14 | €0 | €0 | = | |
| Amounts payable | 17/49 | €343,061 | €632,752 | +€289,691 | +84.4% |
| Amounts payable within one year | 42/48 | €338,809 | €625,295 | +€286,486 | +84.6% |
| Current portion of amounts payable after more than one year | 42 | €0 | - | = | |
| Financial debts | 43 | - | €401 | +€401 | |
| Other loans | 439 | - | €401 | +€401 | |
| Trade debts | 44 | €235,558 | €247,975 | +€12,417 | +5.3% |
| Suppliers | 440/4 | €235,558 | €247,975 | +€12,417 | +5.3% |
| Taxes, remuneration and social security | 45 | €28,226 | €43,057 | +€14,830 | +52.5% |
| Taxes | 450/3 | €21,589 | €36,068 | +€14,479 | +67.1% |
| Remuneration and social security | 454/9 | €6,638 | €6,989 | +€351 | +5.3% |
| Other amounts payable | 47/48 | €75,025 | €333,862 | +€258,837 | +345% |
| Accrued charges and deferred income | 492/3 | €4,252 | €7,457 | +€3,205 | +75.4% |
| Non-recurring operating income | 76A | €0 | - | = | |
| Remuneration, social security and pensions | 62 | €50,686 | €58,970 | +€8,284 | +16.3% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €73,080 | €74,074 | +€993 | +1.4% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | - | €6,511 | +€6,511 | |
| Other operating charges | 640/8 | €10,148 | €10,615 | +€468 | +4.6% |
| Non-recurring operating charges | 66A | €0 | - | = | |
| Gross operating margin | 9900 | €737,478 | €725,235 | -€12,243 | -1.7% |
| Operating profit (loss) | 9901 | €603,564 | €575,065 | -€28,499 | -4.7% |
| Financial income | 75/76B | €47,117 | €45,958 | -€1,158 | -2.5% |
| Recurring financial income | 75 | €47,117 | €45,958 | -€1,158 | -2.5% |
| Financial charges | 65/66B | €22,490 | €22,837 | +€347 | +1.5% |
| Recurring financial charges | 65 | €22,490 | €22,837 | +€347 | +1.5% |
| Profit (loss) for the period before taxes | 9903 | €628,190 | €598,186 | -€30,004 | -4.8% |
| Income taxes | 67/77 | €199,619 | €193,444 | -€6,175 | -3.1% |
| Profit (loss) for the period | 9904 | €428,571 | €404,742 | -€23,830 | -5.6% |
| Profit (loss) for the period to be appropriated | 9905 | €428,571 | €404,742 | -€23,830 | -5.6% |
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 31 October 2026 via checked.be.