FROMAGERIE REGAL: 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.
FROMAGERIE REGAL
Largest movements
- Tangible fixed assets +€29,418
up €29,418 (+17.9%), from €164,144 to €193,562
of which Other tangible fixed assets: +€18,182
- Cash +€18,337
up €18,337 (+356%), from €5,146 to €23,484
mainly Depreciation (+€56,667) and Trade debts (+€37,968)
- Intangible fixed assets +€15,084
new in 2025: €15,084
- Stocks and contracts -€8,897
down €8,897 (-6.2%), from €144,582 to €135,685
- Receivables within one year +€8,258
up €8,258 (+3.7%), from €221,504 to €229,762
of which Trade receivables: +€25,413
- Trade debts +€37,968
up €37,968 (+18.2%), from €208,078 to €246,045
- Tax, wage and social debts +€30,191
up €30,191 (+74.3%), from €40,627 to €70,818
of which Remuneration and social security: +€29,030
- Debts after one year -€25,556
down €25,556 (-39.2%), from €65,185 to €39,630
- Profit (loss) carried forward +€21,931
up €21,931, from -€21,931 to €0
- Reserves +€11,967
new in 2025: €11,967
of which Distributable reserves: +€11,368
- Gross operating margin +€89,024
up €89,024 (+28.9%), from €307,518 to €396,543
- Staff costs +€65,492
up €65,492 (+26.6%), from €246,541 to €312,032
- Depreciation +€10,664
up €10,664 (+23.2%), from €46,003 to €56,667
- Write-downs -€9,507
down €9,507 (-3,074%), from -€309 to -€9,816
- Other operating charges -€4,745
down €4,745 (-70.1%), from €6,764 to €2,019
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 | €542,347 | €607,792 | +€65,444 | +12.1% |
| Fixed assets | 21/28 | €164,279 | €208,781 | +€44,502 | +27.1% |
| Intangible fixed assets | 21 | - | €15,084 | +€15,084 | |
| Tangible fixed assets | 22/27 | €164,144 | €193,562 | +€29,418 | +17.9% |
| Plant, machinery and equipment | 23 | €121,819 | €132,752 | +€10,933 | +9.0% |
| Furniture and vehicles | 24 | €2,029 | €2,332 | +€303 | +14.9% |
| Other tangible fixed assets | 26 | €40,297 | €58,479 | +€18,182 | +45.1% |
| Financial fixed assets | 28 | €135 | €135 | = | 0.0% |
| Current assets | 29/58 | €378,068 | €399,011 | +€20,943 | +5.5% |
| Stocks and contracts in progress | 3 | €144,582 | €135,685 | -€8,897 | -6.2% |
| Stocks | 30/36 | €144,582 | €135,685 | -€8,897 | -6.2% |
| Amounts receivable within one year | 40/41 | €221,504 | €229,762 | +€8,258 | +3.7% |
| Trade receivables | 40 | €199,402 | €224,815 | +€25,413 | +12.7% |
| Other amounts receivable | 41 | €22,102 | €4,947 | -€17,155 | -77.6% |
| Current investments | 50/53 | €0 | - | = | |
| Cash at bank and in hand | 54/58 | €5,146 | €23,484 | +€18,337 | +356% |
| Deferred charges and accrued income | 490/1 | €6,836 | €10,081 | +€3,245 | +47.5% |
| Total equity and liabilities | 10/49 | €542,347 | €607,792 | +€65,444 | +12.1% |
| Equity | 10/15 | €182,765 | €215,433 | +€32,667 | +17.9% |
| Contributions | 10/11 | €202,234 | €202,234 | = | 0.0% |
| Capital | 10 | €202,234 | €202,234 | = | 0.0% |
| Issued capital | 100 | €202,234 | €202,234 | = | 0.0% |
| Reserves | 13 | - | €11,967 | +€11,967 | |
| Non-distributable reserves | 130/1 | - | €598 | +€598 | |
| Legal reserve | 130 | - | €598 | +€598 | |
| Distributable reserves | 133 | - | €11,368 | +€11,368 | |
| Profit (loss) carried forward | 14 | -€21,931 | €0 | +€21,931 | |
| Investment grants | 15 | €2,462 | €1,231 | -€1,231 | -50.0% |
| Amounts payable | 17/49 | €359,582 | €392,359 | +€32,777 | +9.1% |
| Amounts payable after more than one year | 17 | €65,185 | €39,630 | -€25,556 | -39.2% |
| Financial debts | 170/4 | €65,185 | €39,630 | -€25,556 | -39.2% |
| Amounts payable within one year | 42/48 | €280,811 | €342,419 | +€61,607 | +21.9% |
| Current portion of amounts payable after more than one year | 42 | €32,107 | €25,556 | -€6,551 | -20.4% |
| Trade debts | 44 | €208,078 | €246,045 | +€37,968 | +18.2% |
| Suppliers | 440/4 | €208,078 | €246,045 | +€37,968 | +18.2% |
| Taxes, remuneration and social security | 45 | €40,627 | €70,818 | +€30,191 | +74.3% |
| Taxes | 450/3 | €7,630 | €8,791 | +€1,161 | +15.2% |
| Remuneration and social security | 454/9 | €32,997 | €62,027 | +€29,030 | +88.0% |
| Accrued charges and deferred income | 492/3 | €13,586 | €10,311 | -€3,275 | -24.1% |
| Remuneration, social security and pensions | 62 | €246,541 | €312,032 | +€65,492 | +26.6% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €46,003 | €56,667 | +€10,664 | +23.2% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | -€309 | -€9,816 | -€9,507 | -3,074% |
| Other operating charges | 640/8 | €6,764 | €2,019 | -€4,745 | -70.1% |
| Gross operating margin | 9900 | €307,518 | €396,543 | +€89,024 | +28.9% |
| Operating profit (loss) | 9901 | €8,519 | €35,640 | +€27,121 | +318% |
| Financial income | 75/76B | €1,402 | €1,374 | -€27 | -2.0% |
| Recurring financial income | 75 | €1,402 | €1,374 | -€27 | -2.0% |
| Financial charges | 65/66B | €6,028 | €2,756 | -€3,273 | -54.3% |
| Recurring financial charges | 65 | €6,028 | €2,756 | -€3,273 | -54.3% |
| Profit (loss) for the period before taxes | 9903 | €3,893 | €34,259 | +€30,366 | +780% |
| Income taxes | 67/77 | €342 | €361 | +€19 | +5.5% |
| Profit (loss) for the period | 9904 | €3,551 | €33,898 | +€30,347 | +855% |
| Profit (loss) for the period to be appropriated | 9905 | €3,551 | €33,898 | +€30,347 | +855% |
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 26 October 2026 via checked.be.