GHOST KITCH: 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.
GHOST KITCH
Largest movements
- Receivables within one year +€259,084
up €259,084 (+175.7%), from €147,498 to €406,582
of which Other amounts receivable: +€164,369
- Cash +€38,083
up €38,083 (+260.2%), from €14,634 to €52,717
mainly Net result for the year (+€142,853) and Trade debts (+€87,601)
- Tangible fixed assets -€6,948
down €6,948 (-29.7%), from €23,356 to €16,408
of which Furniture and vehicles: -€6,741
- Profit (loss) carried forward +€142,853
up €142,853 (+201.4%), from €70,917 to €213,770
- Trade debts +€87,601
up €87,601 (+81.2%), from €107,930 to €195,531
- Tax, wage and social debts +€61,675
up €61,675 (+337.1%), from €18,298 to €79,973
of which Taxes: +€47,879
- Gross operating margin +€143,552
up €143,552 (+164.2%), from €87,403 to €230,955
- Staff costs +€32,815
new in 2025: €32,815
- Taxes +€31,675
up €31,675 (+196.8%), from €16,093 to €47,768
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 | €199,295 | €489,374 | +€290,079 | +145.6% |
| Fixed assets | 21/28 | €28,606 | €21,658 | -€6,948 | -24.3% |
| Tangible fixed assets | 22/27 | €23,356 | €16,408 | -€6,948 | -29.7% |
| Furniture and vehicles | 24 | €21,493 | €14,752 | -€6,741 | -31.4% |
| Other tangible fixed assets | 26 | €1,863 | €1,656 | -€207 | -11.1% |
| Financial fixed assets | 28 | €5,250 | €5,250 | = | 0.0% |
| Current assets | 29/58 | €170,689 | €467,716 | +€297,027 | +174.0% |
| Stocks and contracts in progress | 3 | €8,557 | €7,505 | -€1,052 | -12.3% |
| Stocks | 30/36 | €8,557 | €7,505 | -€1,052 | -12.3% |
| Amounts receivable within one year | 40/41 | €147,498 | €406,582 | +€259,084 | +175.7% |
| Trade receivables | 40 | €13,045 | €107,760 | +€94,715 | +726.1% |
| Other amounts receivable | 41 | €134,453 | €298,822 | +€164,369 | +122.3% |
| Cash at bank and in hand | 54/58 | €14,634 | €52,717 | +€38,083 | +260.2% |
| Deferred charges and accrued income | 490/1 | - | €912 | +€912 | |
| Total equity and liabilities | 10/49 | €199,295 | €489,374 | +€290,079 | +145.6% |
| Equity | 10/15 | €71,017 | €213,870 | +€142,853 | +201.2% |
| Contributions | 10/11 | €100 | €100 | = | 0.0% |
| Profit (loss) carried forward | 14 | €70,917 | €213,770 | +€142,853 | +201.4% |
| Amounts payable | 17/49 | €128,278 | €275,504 | +€147,226 | +114.8% |
| Amounts payable within one year | 42/48 | €128,278 | €275,504 | +€147,226 | +114.8% |
| Trade debts | 44 | €107,930 | €195,531 | +€87,601 | +81.2% |
| Suppliers | 440/4 | €107,930 | €195,531 | +€87,601 | +81.2% |
| Taxes, remuneration and social security | 45 | €18,298 | €79,973 | +€61,675 | +337.1% |
| Taxes | 450/3 | €18,298 | €66,177 | +€47,879 | +261.7% |
| Remuneration and social security | 454/9 | - | €13,796 | +€13,796 | |
| Other amounts payable | 47/48 | €2,050 | - | -€2,050 | |
| Remuneration, social security and pensions | 62 | - | €32,815 | +€32,815 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €6,948 | €6,948 | = | 0.0% |
| Other operating charges | 640/8 | - | €450 | +€450 | |
| Gross operating margin | 9900 | €87,403 | €230,955 | +€143,552 | +164.2% |
| Operating profit (loss) | 9901 | €80,455 | €190,742 | +€110,287 | +137.1% |
| Financial charges | 65/66B | €61 | €121 | +€60 | +98.4% |
| Recurring financial charges | 65 | €61 | €121 | +€60 | +98.4% |
| Profit (loss) for the period before taxes | 9903 | €80,394 | €190,621 | +€110,227 | +137.1% |
| Income taxes | 67/77 | €16,093 | €47,768 | +€31,675 | +196.8% |
| Profit (loss) for the period | 9904 | €64,301 | €142,853 | +€78,552 | +122.2% |
| Profit (loss) for the period to be appropriated | 9905 | €64,301 | €142,853 | +€78,552 | +122.2% |
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 10 October 2026 via checked.be.