Het Kaaskraam: 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.
Het Kaaskraam
Largest movements
- Cash -€65,653
down €65,653 (-77.6%), from €84,629 to €18,977
mainly Investment in fixed assets (net) (-€61,627) and Trade debts (-€47,920)
- Tangible fixed assets +€41,012
up €41,012 (+131%), from €31,233 to €72,245
of which Furniture and vehicles: +€40,824
- Stocks and contracts +€10,052
up €10,052 (+11.4%), from €88,014 to €98,066
- Deferred charges and accrued income -€3,063
down €3,063 (-29.4%), from €10,429 to €7,366
- Receivables within one year +€2,746
up €2,746 (+41.1%), from €6,687 to €9,433
of which Other amounts receivable: +€3,169
- Trade debts -€47,920
down €47,920 (-78.0%), from €61,406 to €13,486
- Debts after one year +€43,963
new in 2025: €43,963
- Other debts -€17,098
down €17,098 (-13.3%), from €128,692 to €111,594
- Current portion of long-term debt +€12,402
new in 2025: €12,402
- Tax, wage and social debts -€8,371
down €8,371 (-29.8%), from €28,107 to €19,736
of which Taxes: -€6,263
- Gross operating margin -€23,557
down €23,557 (-16.5%), from €142,512 to €118,955
- Taxes -€7,572
down €7,572 (-97.7%), from €7,753 to €181
- Depreciation +€6,332
up €6,332 (+44.3%), from €14,284 to €20,615
- Staff costs +€1,943
up €1,943 (+2.2%), from €87,842 to €89,786
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 | €229,938 | €215,033 | -€14,905 | -6.5% |
| Fixed assets | 21/28 | €40,180 | €81,192 | +€41,012 | +102% |
| Tangible fixed assets | 22/27 | €31,233 | €72,245 | +€41,012 | +131% |
| Plant, machinery and equipment | 23 | €14,820 | €15,008 | +€188 | +1.3% |
| Furniture and vehicles | 24 | €16,414 | €57,237 | +€40,824 | +249% |
| Financial fixed assets | 28 | €8,947 | €8,947 | = | 0.0% |
| Current assets | 29/58 | €189,758 | €133,841 | -€55,917 | -29.5% |
| Stocks and contracts in progress | 3 | €88,014 | €98,066 | +€10,052 | +11.4% |
| Stocks | 30/36 | €88,014 | €98,066 | +€10,052 | +11.4% |
| Amounts receivable within one year | 40/41 | €6,687 | €9,433 | +€2,746 | +41.1% |
| Trade receivables | 40 | €3,891 | €3,467 | -€424 | -10.9% |
| Other amounts receivable | 41 | €2,796 | €5,965 | +€3,169 | +113% |
| Cash at bank and in hand | 54/58 | €84,629 | €18,977 | -€65,653 | -77.6% |
| Deferred charges and accrued income | 490/1 | €10,429 | €7,366 | -€3,063 | -29.4% |
| Total equity and liabilities | 10/49 | €229,938 | €215,033 | -€14,905 | -6.5% |
| Equity | 10/15 | €10,000 | €13,852 | +€3,852 | +38.5% |
| Contributions | 10/11 | €10,000 | €10,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | €0 | €3,852 | +€3,852 | |
| Amounts payable | 17/49 | €219,938 | €201,181 | -€18,757 | -8.5% |
| Amounts payable after more than one year | 17 | - | €43,963 | +€43,963 | |
| Financial debts | 170/4 | - | €43,963 | +€43,963 | |
| Amounts payable within one year | 42/48 | €218,205 | €157,218 | -€60,987 | -27.9% |
| Current portion of amounts payable after more than one year | 42 | - | €12,402 | +€12,402 | |
| Trade debts | 44 | €61,406 | €13,486 | -€47,920 | -78.0% |
| Suppliers | 440/4 | €61,406 | €13,486 | -€47,920 | -78.0% |
| Taxes, remuneration and social security | 45 | €28,107 | €19,736 | -€8,371 | -29.8% |
| Taxes | 450/3 | €7,987 | €1,724 | -€6,263 | -78.4% |
| Remuneration and social security | 454/9 | €20,120 | €18,012 | -€2,108 | -10.5% |
| Other amounts payable | 47/48 | €128,692 | €111,594 | -€17,098 | -13.3% |
| Accrued charges and deferred income | 492/3 | €1,733 | €0 | -€1,733 | -100% |
| Remuneration, social security and pensions | 62 | €87,842 | €89,786 | +€1,943 | +2.2% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €14,284 | €20,615 | +€6,332 | +44.3% |
| Other operating charges | 640/8 | €935 | €1,082 | +€147 | +15.7% |
| Gross operating margin | 9900 | €142,512 | €118,955 | -€23,557 | -16.5% |
| Operating profit (loss) | 9901 | €39,451 | €7,472 | -€31,979 | -81.1% |
| Financial income | 75/76B | €62 | €8 | -€53 | -86.3% |
| Recurring financial income | 75 | €62 | €8 | -€53 | -86.3% |
| Financial charges | 65/66B | €2,729 | €3,448 | +€719 | +26.4% |
| Recurring financial charges | 65 | €2,729 | €3,448 | +€719 | +26.4% |
| Profit (loss) for the period before taxes | 9903 | €36,784 | €4,033 | -€32,752 | -89.0% |
| Income taxes | 67/77 | €7,753 | €181 | -€7,572 | -97.7% |
| Profit (loss) for the period | 9904 | €29,031 | €3,852 | -€25,179 | -86.7% |
| Profit (loss) for the period to be appropriated | 9905 | €29,031 | €3,852 | -€25,179 | -86.7% |
Source: filed annual accounts (NBB), financial years ended 30 June 2024 and 30 June 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 23 October 2026 via checked.be.