FOODNOTE: what changed
Two fiscal 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.
FOODNOTE
Largest movements
- Receivables within one year -€9,980
down €9,980 (-74.9%), from €13,328 to €3,348
of which Trade receivables: -€8,444
- Cash -€5,789
down €5,789 (-42.8%), from €13,531 to €7,741
mainly Net result for the year (-€9,321) and Investment in fixed assets (net) (-€7,882)
- Tangible fixed assets +€5,729
up €5,729 (+215.5%), from €2,658 to €8,387
- Profit (loss) carried forward -€7,461
down €7,461, from €6,088 to -€1,373
- Reserves -€1,860
down €1,860 (-25.0%), from €7,433 to €5,573
- Trade debts -€761
no longer reported in 2025 (was €761)
- Gross operating margin -€15,843
down €15,843, from €8,747 to -€7,096
- Depreciation +€794
up €794 (+61.4%), from €1,293 to €2,088
- Financial charges -€683
down €683 (-83.3%), from €820 to €137
- Taxes -€557
no longer reported in 2025 (was €557)
- Other operating charges -€503
no longer reported in 2025 (was €503)
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.
Cash bridge derived
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 | €39,728 | €29,764 | -€9,964 | -25.1% |
| Fixed assets | 21/28 | €2,687 | €8,481 | +€5,794 | +215.6% |
| Tangible fixed assets | 22/27 | €2,658 | €8,387 | +€5,729 | +215.5% |
| Furniture and vehicles | 24 | €2,658 | €8,387 | +€5,729 | +215.5% |
| Financial fixed assets | 28 | €29 | €94 | +€65 | +224.5% |
| Current assets | 29/58 | €37,041 | €21,283 | -€15,758 | -42.5% |
| Stocks and contracts in progress | 3 | €8,346 | €8,201 | -€145 | -1.7% |
| Stocks | 30/36 | €8,346 | €8,201 | -€145 | -1.7% |
| Amounts receivable within one year | 40/41 | €13,328 | €3,348 | -€9,980 | -74.9% |
| Trade receivables | 40 | €11,416 | €2,973 | -€8,444 | -74.0% |
| Other amounts receivable | 41 | €1,911 | €375 | -€1,536 | -80.4% |
| Cash at bank and in hand | 54/58 | €13,531 | €7,741 | -€5,789 | -42.8% |
| Deferred charges and accrued income | 490/1 | €1,836 | €1,992 | +€156 | +8.5% |
| Total equity and liabilities | 10/49 | €39,728 | €29,764 | -€9,964 | -25.1% |
| Equity | 10/15 | €32,121 | €22,800 | -€9,321 | -29.0% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €7,433 | €5,573 | -€1,860 | -25.0% |
| Distributable reserves | 133 | €7,433 | €5,573 | -€1,860 | -25.0% |
| Profit (loss) carried forward | 14 | €6,088 | -€1,373 | -€7,461 | |
| Amounts payable | 17/49 | €7,606 | €6,964 | -€642 | -8.4% |
| Amounts payable within one year | 42/48 | €7,606 | €6,964 | -€642 | -8.4% |
| Trade debts | 44 | €761 | - | -€761 | |
| Suppliers | 440/4 | €761 | - | -€761 | |
| Taxes, remuneration and social security | 45 | €557 | €557 | = | 0.0% |
| Taxes | 450/3 | €557 | €557 | = | 0.0% |
| Other amounts payable | 47/48 | €6,288 | €6,407 | +€118 | +1.9% |
| Non-recurring operating income | 76A | - | €256 | +€256 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €1,293 | €2,088 | +€794 | +61.4% |
| Other operating charges | 640/8 | €503 | - | -€503 | |
| Gross operating margin | 9900 | €8,747 | -€7,096 | -€15,843 | |
| Operating profit (loss) | 9901 | €6,951 | -€9,184 | -€16,135 | |
| Financial income | 75/76B | €0 | - | -€0 | |
| Recurring financial income | 75 | €0 | - | -€0 | |
| Financial charges | 65/66B | €820 | €137 | -€683 | -83.3% |
| Recurring financial charges | 65 | €820 | €137 | -€683 | -83.3% |
| Profit (loss) for the period before taxes | 9903 | €6,130 | -€9,321 | -€15,452 | |
| Income taxes | 67/77 | €557 | - | -€557 | |
| Profit (loss) for the period | 9904 | €5,573 | -€9,321 | -€14,895 | |
| Profit (loss) for the period to be appropriated | 9905 | €5,573 | -€9,321 | -€14,895 |
Source: filed annual accounts (NBB), fiscal years ended 31 December 2024 and 31 December 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 2 October 2026 via checked.be.