FS FOOD: what changed
FS FOOD
Largest movements
- Cash -€102,964
no longer reported in 2025 (was €102,964)
mainly Trade debts (-€170,029) and Receivables within one year (-€44,678)
- Stocks and contracts -€61,881
down €61,881 (-26.9%), from €229,954 to €168,073
- Receivables within one year +€44,678
up €44,678 (+11.4%), from €391,876 to €436,554
of which Other amounts receivable: +€38,711
- Deferred charges and accrued income +€9,251
new in 2025: €9,251
- Tangible fixed assets -€9,042
down €9,042 (-7.1%), from €126,661 to €117,619
of which Plant, machinery and equipment: -€10,087
- Trade debts -€170,029
down €170,029 (-20.9%), from €812,921 to €642,892
- Short-term financial debts +€30,425
new in 2025: €30,425
- Tax, wage and social debts +€17,858
up €17,858 (+22.4%), from €79,694 to €97,552
of which Taxes: +€23,665
- Gross operating margin +€120,228
up €120,228 (+65.2%), from €184,525 to €304,753
- Staff costs +€97,961
up €97,961 (+68.4%), from €143,207 to €241,168
- Depreciation +€14,762
up €14,762 (+166%), from €8,888 to €23,650
- Taxes +€3,369
up €3,369 (+123%), from €2,738 to €6,107
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.
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.
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €903,313 | €786,354 | -€116,959 | -12.9% |
| Fixed assets | 21/28 | €178,519 | €172,476 | -€6,043 | -3.4% |
| Intangible fixed assets | 21 | €24,723 | €22,112 | -€2,611 | -10.6% |
| Tangible fixed assets | 22/27 | €126,661 | €117,619 | -€9,042 | -7.1% |
| Plant, machinery and equipment | 23 | €116,363 | €106,276 | -€10,087 | -8.7% |
| Furniture and vehicles | 24 | €10,298 | €11,343 | +€1,045 | +10.1% |
| Financial fixed assets | 28 | €27,135 | €32,745 | +€5,610 | +20.7% |
| Current assets | 29/58 | €724,794 | €613,878 | -€110,916 | -15.3% |
| Stocks and contracts in progress | 3 | €229,954 | €168,073 | -€61,881 | -26.9% |
| Stocks | 30/36 | €229,954 | €168,073 | -€61,881 | -26.9% |
| Amounts receivable within one year | 40/41 | €391,876 | €436,554 | +€44,678 | +11.4% |
| Trade receivables | 40 | €349,379 | €355,346 | +€5,967 | +1.7% |
| Other amounts receivable | 41 | €42,497 | €81,208 | +€38,711 | +91.1% |
| Cash at bank and in hand | 54/58 | €102,964 | - | -€102,964 | |
| Deferred charges and accrued income | 490/1 | - | €9,251 | +€9,251 | |
| Total equity and liabilities | 10/49 | €903,313 | €786,354 | -€116,959 | -12.9% |
| Equity | 10/15 | €10,698 | €15,484 | +€4,786 | +44.7% |
| Contributions | 10/11 | €10,000 | €10,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | €698 | €5,484 | +€4,786 | +686% |
| Amounts payable | 17/49 | €892,615 | €770,869 | -€121,746 | -13.6% |
| Amounts payable within one year | 42/48 | €892,615 | €770,869 | -€121,746 | -13.6% |
| Financial debts | 43 | - | €30,425 | +€30,425 | |
| Credit institutions | 430/8 | - | €30,425 | +€30,425 | |
| Trade debts | 44 | €812,921 | €642,892 | -€170,029 | -20.9% |
| Suppliers | 440/4 | €812,921 | €642,892 | -€170,029 | -20.9% |
| Taxes, remuneration and social security | 45 | €79,694 | €97,552 | +€17,858 | +22.4% |
| Taxes | 450/3 | €65,999 | €89,664 | +€23,665 | +35.9% |
| Remuneration and social security | 454/9 | €13,695 | €7,888 | -€5,807 | -42.4% |
| Remuneration, social security and pensions | 62 | €143,207 | €241,168 | +€97,961 | +68.4% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €8,888 | €23,650 | +€14,762 | +166% |
| Other operating charges | 640/8 | €27,520 | €26,037 | -€1,483 | -5.4% |
| Gross operating margin | 9900 | €184,525 | €304,753 | +€120,228 | +65.2% |
| Operating profit (loss) | 9901 | €4,910 | €13,898 | +€8,988 | +183% |
| Financial income | 75/76B | €40 | €510 | +€470 | +1,175% |
| Recurring financial income | 75 | €40 | €510 | +€470 | +1,175% |
| Financial charges | 65/66B | €1,514 | €3,514 | +€2,000 | +132% |
| Recurring financial charges | 65 | €1,514 | €3,514 | +€2,000 | +132% |
| Profit (loss) for the period before taxes | 9903 | €3,436 | €10,894 | +€7,458 | +217% |
| Income taxes | 67/77 | €2,738 | €6,107 | +€3,369 | +123% |
| Profit (loss) for the period | 9904 | €698 | €4,787 | +€4,089 | +586% |
| Profit (loss) for the period to be appropriated | 9905 | €698 | €4,787 | +€4,089 | +586% |
Next steps
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 6 November 2026 via checked.be.