HAS FOOD LOGIC: 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.
HAS FOOD LOGIC
Largest movements
- Receivables after one year +€120,462
new in 2025: €120,462
- Receivables within one year -€101,347
down €101,347 (-97.2%), from €104,282 to €2,936
of which Other amounts receivable: -€86,220
- Cash +€64,059
up €64,059 (+66.9%), from €95,779 to €159,839
mainly Receivables within one year (+€101,347) and Net result for the year (+€90,852)
- Tangible fixed assets +€51,595
up €51,595 (+182%), from €28,298 to €79,892
of which Other tangible fixed assets: +€51,902
- Profit (loss) carried forward +€90,852
up €90,852 (+57.1%), from €158,983 to €249,835
- Tax, wage and social debts +€51,499
up €51,499 (+137%), from €37,520 to €89,019
of which Taxes: +€49,263
- Trade debts -€8,048
down €8,048 (-29.1%), from €27,699 to €19,651
- Gross operating margin +€72,060
up €72,060 (+48.0%), from €150,267 to €222,327
- Staff costs +€21,878
up €21,878 (+51.9%), from €42,152 to €64,030
- Other operating charges +€7,802
up €7,802 (+277%), from €2,816 to €10,617
- Taxes -€3,108
down €3,108 (-6.1%), from €50,546 to €47,438
- Financial income -€2,612
down €2,612 (-99.8%), from €2,617 to €5
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 | €234,343 | €368,646 | +€134,303 | +57.3% |
| Fixed assets | 21/28 | €32,173 | €83,768 | +€51,595 | +160% |
| Tangible fixed assets | 22/27 | €28,298 | €79,892 | +€51,595 | +182% |
| Plant, machinery and equipment | 23 | €2,538 | €5,567 | +€3,028 | +119% |
| Furniture and vehicles | 24 | €5,772 | €2,437 | -€3,336 | -57.8% |
| Other tangible fixed assets | 26 | €19,987 | €71,889 | +€51,902 | +260% |
| Financial fixed assets | 28 | €3,876 | €3,876 | = | 0.0% |
| Current assets | 29/58 | €202,169 | €284,878 | +€82,708 | +40.9% |
| Amounts receivable after more than one year | 29 | - | €120,462 | +€120,462 | |
| Other amounts receivable | 291 | - | €120,462 | +€120,462 | |
| Stocks and contracts in progress | 3 | €695 | €216 | -€479 | -68.9% |
| Stocks | 30/36 | €695 | €216 | -€479 | -68.9% |
| Amounts receivable within one year | 40/41 | €104,282 | €2,936 | -€101,347 | -97.2% |
| Trade receivables | 40 | €18,062 | €2,936 | -€15,126 | -83.7% |
| Other amounts receivable | 41 | €86,220 | - | -€86,220 | |
| Cash at bank and in hand | 54/58 | €95,779 | €159,839 | +€64,059 | +66.9% |
| Deferred charges and accrued income | 490/1 | €1,413 | €1,426 | +€13 | +0.9% |
| Total equity and liabilities | 10/49 | €234,343 | €368,646 | +€134,303 | +57.3% |
| Equity | 10/15 | €169,123 | €259,975 | +€90,852 | +53.7% |
| Contributions | 10/11 | €9,200 | €9,200 | = | 0.0% |
| Reserves | 13 | €940 | €940 | = | 0.0% |
| Non-distributable reserves | 130/1 | €940 | €940 | = | 0.0% |
| Reserves not available under the articles | 1311 | €940 | €940 | = | 0.0% |
| Profit (loss) carried forward | 14 | €158,983 | €249,835 | +€90,852 | +57.1% |
| Amounts payable | 17/49 | €65,220 | €108,671 | +€43,451 | +66.6% |
| Amounts payable within one year | 42/48 | €65,220 | €108,671 | +€43,451 | +66.6% |
| Trade debts | 44 | €27,699 | €19,651 | -€8,048 | -29.1% |
| Suppliers | 440/4 | €27,699 | €19,651 | -€8,048 | -29.1% |
| Taxes, remuneration and social security | 45 | €37,520 | €89,019 | +€51,499 | +137% |
| Taxes | 450/3 | €32,710 | €81,973 | +€49,263 | +151% |
| Remuneration and social security | 454/9 | €4,810 | €7,046 | +€2,236 | +46.5% |
| Remuneration, social security and pensions | 62 | €42,152 | €64,030 | +€21,878 | +51.9% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €10,772 | €8,570 | -€2,202 | -20.4% |
| Other operating charges | 640/8 | €2,816 | €10,617 | +€7,802 | +277% |
| Gross operating margin | 9900 | €150,267 | €222,327 | +€72,060 | +48.0% |
| Operating profit (loss) | 9901 | €94,528 | €139,110 | +€44,582 | +47.2% |
| Financial income | 75/76B | €2,617 | €5 | -€2,612 | -99.8% |
| Recurring financial income | 75 | €2,617 | €5 | -€2,612 | -99.8% |
| Financial charges | 65/66B | €1,356 | €825 | -€532 | -39.2% |
| Recurring financial charges | 65 | €1,356 | €825 | -€532 | -39.2% |
| Profit (loss) for the period before taxes | 9903 | €95,789 | €138,290 | +€42,501 | +44.4% |
| Income taxes | 67/77 | €50,546 | €47,438 | -€3,108 | -6.1% |
| Profit (loss) for the period | 9904 | €45,243 | €90,852 | +€45,609 | +101% |
| Profit (loss) for the period to be appropriated | 9905 | €45,243 | €90,852 | +€45,609 | +101% |
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.