GOOD & FOOD: 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.
GOOD & FOOD
Largest movements
- Stocks and contracts -€88,812
down €88,812 (-72.4%), from €122,653 to €33,840
- Receivables within one year +€73,166
up €73,166 (+33.9%), from €215,689 to €288,855
of which Trade receivables: +€70,291
- Tangible fixed assets +€38,931
up €38,931 (+112%), from €34,899 to €73,830
of which Plant, machinery and equipment: +€28,716
- Trade debts +€38,256
up €38,256 (+19.7%), from €193,876 to €232,132
- Tax, wage and social debts -€19,835
down €19,835 (-43.2%), from €45,964 to €26,130
of which Taxes: -€16,185
- Profit (loss) carried forward +€18,416
up €18,416 (+34.8%), from €52,879 to €71,295
- Short-term financial debts -€15,172
down €15,172 (-39.7%), from €38,202 to €23,029
- Debts after one year +€9,960
up €9,960 (+42.9%), from €23,200 to €33,160
- Gross operating margin +€52,997
up €52,997 (+90.1%), from €58,825 to €111,822
- Other operating charges -€4,749
down €4,749 (-42.9%), from €11,059 to €6,310
- Depreciation +€3,244
up €3,244 (+18.9%), from €17,162 to €20,406
- Financial income +€3,068
up €3,068 (+121%), from €2,537 to €5,605
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 | €443,464 | €470,085 | +€26,621 | +6.0% |
| Fixed assets | 21/28 | €100,766 | €139,697 | +€38,931 | +38.6% |
| Tangible fixed assets | 22/27 | €34,899 | €73,830 | +€38,931 | +112% |
| Plant, machinery and equipment | 23 | €9,650 | €38,366 | +€28,716 | +298% |
| Furniture and vehicles | 24 | €25,249 | €35,464 | +€10,215 | +40.5% |
| Financial fixed assets | 28 | €65,867 | €65,867 | = | 0.0% |
| Current assets | 29/58 | €342,699 | €330,388 | -€12,310 | -3.6% |
| Stocks and contracts in progress | 3 | €122,653 | €33,840 | -€88,812 | -72.4% |
| Stocks | 30/36 | €122,653 | €33,840 | -€88,812 | -72.4% |
| Amounts receivable within one year | 40/41 | €215,689 | €288,855 | +€73,166 | +33.9% |
| Trade receivables | 40 | €122,513 | €192,804 | +€70,291 | +57.4% |
| Other amounts receivable | 41 | €93,176 | €96,051 | +€2,875 | +3.1% |
| Cash at bank and in hand | 54/58 | €406 | €429 | +€23 | +5.6% |
| Deferred charges and accrued income | 490/1 | €3,951 | €7,265 | +€3,313 | +83.9% |
| Total equity and liabilities | 10/49 | €443,464 | €470,085 | +€26,621 | +6.0% |
| Equity | 10/15 | €67,439 | €85,855 | +€18,416 | +27.3% |
| Contributions | 10/11 | €12,700 | €12,700 | = | 0.0% |
| Reserves | 13 | €1,860 | €1,860 | = | 0.0% |
| Non-distributable reserves | 130/1 | €1,860 | €1,860 | = | 0.0% |
| Reserves not available under the articles | 1311 | €1,860 | €1,860 | = | 0.0% |
| Profit (loss) carried forward | 14 | €52,879 | €71,295 | +€18,416 | +34.8% |
| Amounts payable | 17/49 | €376,025 | €384,230 | +€8,204 | +2.2% |
| Amounts payable after more than one year | 17 | €23,200 | €33,160 | +€9,960 | +42.9% |
| Financial debts | 170/4 | €23,200 | €33,160 | +€9,960 | +42.9% |
| Amounts payable within one year | 42/48 | €352,804 | €351,070 | -€1,734 | -0.5% |
| Current portion of amounts payable after more than one year | 42 | €14,151 | €12,933 | -€1,218 | -8.6% |
| Financial debts | 43 | €38,202 | €23,029 | -€15,172 | -39.7% |
| Credit institutions | 430/8 | €38,202 | €23,029 | -€15,172 | -39.7% |
| Trade debts | 44 | €193,876 | €232,132 | +€38,256 | +19.7% |
| Suppliers | 440/4 | €193,876 | €232,132 | +€38,256 | +19.7% |
| Taxes, remuneration and social security | 45 | €45,964 | €26,130 | -€19,835 | -43.2% |
| Taxes | 450/3 | €23,443 | €7,258 | -€16,185 | -69.0% |
| Remuneration and social security | 454/9 | €22,522 | €18,872 | -€3,650 | -16.2% |
| Other amounts payable | 47/48 | €60,611 | €56,845 | -€3,766 | -6.2% |
| Accrued charges and deferred income | 492/3 | €21 | - | -€21 | |
| Non-recurring operating income | 76A | - | €25,000 | +€25,000 | |
| Remuneration, social security and pensions | 62 | €65,225 | €65,078 | -€147 | -0.2% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €17,162 | €20,406 | +€3,244 | +18.9% |
| Other operating charges | 640/8 | €11,059 | €6,310 | -€4,749 | -42.9% |
| Non-recurring operating charges | 66A | - | €3,950 | +€3,950 | |
| Gross operating margin | 9900 | €58,825 | €111,822 | +€52,997 | +90.1% |
| Operating profit (loss) | 9901 | -€34,622 | €16,078 | +€50,700 | |
| Financial income | 75/76B | €2,537 | €5,605 | +€3,068 | +121% |
| Recurring financial income | 75 | €2,537 | €5,605 | +€3,068 | +121% |
| Financial charges | 65/66B | €3,715 | €2,993 | -€721 | -19.4% |
| Recurring financial charges | 65 | €3,715 | €2,993 | -€721 | -19.4% |
| Profit (loss) for the period before taxes | 9903 | -€35,799 | €18,690 | +€54,489 | |
| Income taxes | 67/77 | €281 | €273 | -€7 | -2.6% |
| Profit (loss) for the period | 9904 | -€36,080 | €18,416 | +€54,496 | |
| Profit (loss) for the period to be appropriated | 9905 | -€36,080 | €18,416 | +€54,496 |
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 30 October 2026 via checked.be.