Ham and cheese: 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.
Ham and cheese
Largest movements
- Cash +€32,891
up €32,891 (+1,324%), from €2,484 to €35,376
mainly Net result for the year (+€36,716) and Tax, wage and social debts (+€14,593)
- Tangible fixed assets +€13,698
up €13,698 (+2,049%), from €668 to €14,366
of which Assets under construction and advance payments: +€14,366
- Intangible fixed assets -€10,000
down €10,000 (-13.8%), from €72,466 to €62,466
- Receivables within one year -€3,037
down €3,037 (-14.0%), from €21,690 to €18,653
of which Trade receivables: -€3,680
- Deferred charges and accrued income -€1,957
down €1,957 (-59.4%), from €3,293 to €1,336
- Reserves +€98,613
new in 2025: €98,613
- Profit (loss) carried forward -€61,897
no longer reported in 2025 (was €61,897)
- Tax, wage and social debts +€14,593
up €14,593 (+28,297%), from €52 to €14,644
of which Taxes: +€9,073
- Debts after one year -€13,750
down €13,750 (-42.3%), from €32,500 to €18,750
- Trade debts -€3,117
down €3,117 (-83.1%), from €3,752 to €635
- Staff costs -€5,691
down €5,691 (-4.7%), from €121,153 to €115,462
- Gross operating margin +€5,657
up €5,657 (+3.4%), from €167,288 to €172,945
- Taxes +€5,307
up €5,307 (+64.0%), from €8,295 to €13,602
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 | €104,370 | €135,346 | +€30,976 | +29.7% |
| Fixed assets | 21/28 | €73,134 | €76,832 | +€3,698 | +5.1% |
| Intangible fixed assets | 21 | €72,466 | €62,466 | -€10,000 | -13.8% |
| Tangible fixed assets | 22/27 | €668 | €14,366 | +€13,698 | +2,049% |
| Furniture and vehicles | 24 | €668 | - | -€668 | |
| Assets under construction and advance payments | 27 | - | €14,366 | +€14,366 | |
| Current assets | 29/58 | €31,236 | €58,514 | +€27,279 | +87.3% |
| Stocks and contracts in progress | 3 | €3,768 | €3,149 | -€619 | -16.4% |
| Stocks | 30/36 | €3,768 | €3,149 | -€619 | -16.4% |
| Amounts receivable within one year | 40/41 | €21,690 | €18,653 | -€3,037 | -14.0% |
| Trade receivables | 40 | €13,894 | €10,214 | -€3,680 | -26.5% |
| Other amounts receivable | 41 | €7,796 | €8,439 | +€644 | +8.3% |
| Cash at bank and in hand | 54/58 | €2,484 | €35,376 | +€32,891 | +1,324% |
| Deferred charges and accrued income | 490/1 | €3,293 | €1,336 | -€1,957 | -59.4% |
| Total equity and liabilities | 10/49 | €104,370 | €135,346 | +€30,976 | +29.7% |
| Equity | 10/15 | €63,897 | €100,613 | +€36,716 | +57.5% |
| Contributions | 10/11 | €2,000 | €2,000 | = | 0.0% |
| Reserves | 13 | - | €98,613 | +€98,613 | |
| Distributable reserves | 133 | - | €98,613 | +€98,613 | |
| Profit (loss) carried forward | 14 | €61,897 | - | -€61,897 | |
| Amounts payable | 17/49 | €40,473 | €34,733 | -€5,740 | -14.2% |
| Amounts payable after more than one year | 17 | €32,500 | €18,750 | -€13,750 | -42.3% |
| Financial debts | 170/4 | €32,500 | €18,750 | -€13,750 | -42.3% |
| Amounts payable within one year | 42/48 | €7,549 | €15,983 | +€8,434 | +112% |
| Trade debts | 44 | €3,752 | €635 | -€3,117 | -83.1% |
| Suppliers | 440/4 | €3,752 | €635 | -€3,117 | -83.1% |
| Taxes, remuneration and social security | 45 | €52 | €14,644 | +€14,593 | +28,297% |
| Taxes | 450/3 | €52 | €9,124 | +€9,073 | +17,593% |
| Remuneration and social security | 454/9 | - | €5,520 | +€5,520 | |
| Other amounts payable | 47/48 | €3,745 | €703 | -€3,042 | -81.2% |
| Accrued charges and deferred income | 492/3 | €424 | - | -€424 | |
| Remuneration, social security and pensions | 62 | €121,153 | €115,462 | -€5,691 | -4.7% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €11,718 | €10,668 | -€1,050 | -9.0% |
| Other operating charges | 640/8 | €505 | €520 | +€14 | +2.8% |
| Gross operating margin | 9900 | €167,288 | €172,945 | +€5,657 | +3.4% |
| Operating profit (loss) | 9901 | €33,912 | €46,296 | +€12,384 | +36.5% |
| Financial income | 75/76B | €6,393 | €4,851 | -€1,543 | -24.1% |
| Recurring financial income | 75 | €6,393 | €4,851 | -€1,543 | -24.1% |
| Financial charges | 65/66B | €1,135 | €828 | -€307 | -27.1% |
| Recurring financial charges | 65 | €1,135 | €828 | -€307 | -27.1% |
| Profit (loss) for the period before taxes | 9903 | €39,170 | €50,318 | +€11,148 | +28.5% |
| Income taxes | 67/77 | €8,295 | €13,602 | +€5,307 | +64.0% |
| Profit (loss) for the period | 9904 | €30,874 | €36,716 | +€5,842 | +18.9% |
| Profit (loss) for the period to be appropriated | 9905 | €30,874 | €36,716 | +€5,842 | +18.9% |
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.