FROMAGES D'L: 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.
FROMAGES D'L
Largest movements
- Receivables within one year +€47,774
up €47,774 (+1,163%), from €4,108 to €51,883
of which Other amounts receivable: +€45,578
- Cash -€23,373
down €23,373 (-13.2%), from €176,792 to €153,419
mainly Receivables within one year (-€47,774) and Investment in fixed assets (net) (-€7,050)
- Tangible fixed assets -€8,040
down €8,040 (-21.0%), from €38,375 to €30,335
- Intangible fixed assets +€5,474
new in 2025: €5,474
- Profit (loss) carried forward +€27,556
up €27,556 (+16.1%), from €171,628 to €199,184
- Trade debts -€3,894
down €3,894 (-38.3%), from €10,161 to €6,267
- Gross operating margin -€62,358
down €62,358 (-56.9%), from €109,497 to €47,139
- Taxes -€12,952
down €12,952 (-63.3%), from €20,450 to €7,499
- Depreciation +€1,374
up €1,374 (+16.7%), from €8,242 to €9,616
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 | €230,760 | €255,049 | +€24,289 | +10.5% |
| Fixed assets | 21/28 | €38,375 | €35,809 | -€2,566 | -6.7% |
| Intangible fixed assets | 21 | - | €5,474 | +€5,474 | |
| Tangible fixed assets | 22/27 | €38,375 | €30,335 | -€8,040 | -21.0% |
| Plant, machinery and equipment | 23 | €38,375 | €30,335 | -€8,040 | -21.0% |
| Current assets | 29/58 | €192,385 | €219,240 | +€26,855 | +14.0% |
| Stocks and contracts in progress | 3 | €11,484 | €12,682 | +€1,198 | +10.4% |
| Stocks | 30/36 | €11,484 | €12,682 | +€1,198 | +10.4% |
| Amounts receivable within one year | 40/41 | €4,108 | €51,883 | +€47,774 | +1,163% |
| Trade receivables | 40 | €243 | €2,440 | +€2,197 | +904% |
| Other amounts receivable | 41 | €3,865 | €49,443 | +€45,578 | +1,179% |
| Cash at bank and in hand | 54/58 | €176,792 | €153,419 | -€23,373 | -13.2% |
| Deferred charges and accrued income | 490/1 | - | €1,256 | +€1,256 | |
| Total equity and liabilities | 10/49 | €230,760 | €255,049 | +€24,289 | +10.5% |
| Equity | 10/15 | €176,628 | €204,184 | +€27,556 | +15.6% |
| Contributions | 10/11 | €5,000 | €5,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | €171,628 | €199,184 | +€27,556 | +16.1% |
| Amounts payable | 17/49 | €54,132 | €50,865 | -€3,267 | -6.0% |
| Amounts payable after more than one year | 17 | €16,495 | €16,393 | -€102 | -0.6% |
| Financial debts | 170/4 | €16,495 | €16,393 | -€102 | -0.6% |
| Amounts payable within one year | 42/48 | €37,637 | €34,472 | -€3,165 | -8.4% |
| Current portion of amounts payable after more than one year | 42 | €15,023 | €14,632 | -€391 | -2.6% |
| Trade debts | 44 | €10,161 | €6,267 | -€3,894 | -38.3% |
| Suppliers | 440/4 | €10,161 | €6,267 | -€3,894 | -38.3% |
| Taxes, remuneration and social security | 45 | €12,453 | €12,864 | +€411 | +3.3% |
| Taxes | 450/3 | €11,953 | €12,364 | +€411 | +3.4% |
| Remuneration and social security | 454/9 | €500 | €500 | = | 0.0% |
| Other amounts payable | 47/48 | - | €708 | +€708 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €8,242 | €9,616 | +€1,374 | +16.7% |
| Other operating charges | 640/8 | €472 | €549 | +€76 | +16.1% |
| Gross operating margin | 9900 | €109,497 | €47,139 | -€62,358 | -56.9% |
| Operating profit (loss) | 9901 | €100,782 | €36,974 | -€63,808 | -63.3% |
| Financial charges | 65/66B | €2,067 | €1,920 | -€147 | -7.1% |
| Recurring financial charges | 65 | €2,067 | €1,920 | -€147 | -7.1% |
| Profit (loss) for the period before taxes | 9903 | €98,716 | €35,054 | -€63,661 | -64.5% |
| Income taxes | 67/77 | €20,450 | €7,499 | -€12,952 | -63.3% |
| Profit (loss) for the period | 9904 | €78,265 | €27,556 | -€50,709 | -64.8% |
| Profit (loss) for the period to be appropriated | 9905 | €78,265 | €27,556 | -€50,709 | -64.8% |
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 15 October 2026 via checked.be.