IDEAL SANDWICH: what changed
IDEAL SANDWICH
Largest movements
- Receivables within one year +€42,997
up €42,997 (+447%), from €9,620 to €52,617
of which Trade receivables: +€42,712
- Cash +€6,175
up €6,175 (+174%), from €3,546 to €9,721
mainly Debts after one year (+€22,556) and Net result for the year (+€14,661)
- Tangible fixed assets -€6,173
down €6,173 (-10.2%), from €60,572 to €54,399
of which Land and buildings: -€4,748
- Debts after one year +€22,556
new in 2025: €22,556
- Profit (loss) carried forward +€13,615
up €13,615 (+41.4%), from €32,850 to €46,465
- Accrued charges and deferred income -€7,665
no longer reported in 2025 (was €7,665)
- Current portion of long-term debt +€7,444
new in 2025: €7,444
- Tax, wage and social debts +€7,091
up €7,091 (+264%), from €2,681 to €9,772
of which Remuneration and social security: +€6,684
- Turnover +€205,968
up €205,968 (+118%), from €174,104 to €380,072
- Purchases and services +€171,331
up €171,331 (+114%), from €150,803 to €322,134
- Gross operating margin +€34,637
up €34,637 (+149%), from €23,301 to €57,938
- Staff costs +€22,461
up €22,461 (+521%), from €4,310 to €26,771
- Depreciation +€4,352
up €4,352 (+54.2%), from €8,027 to €12,379
Change in the result, 2024 to 2025
For each income-statement line you see the change as its effect on the result. Higher costs lower the result, higher income raises it.
Derived cash bridge
The bridge is derived from the 2024 and 2025 balance sheets and the 2025 result. There is no filed cash-flow statement. You see where the money came from and where it went.
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €78,358 | €121,841 | +€43,483 | +55.5% |
| Fixed assets | 21/28 | €61,196 | €55,023 | -€6,173 | -10.1% |
| Tangible fixed assets | 22/27 | €60,572 | €54,399 | -€6,173 | -10.2% |
| Land and buildings | 22 | €7,359 | €2,611 | -€4,748 | -64.5% |
| Plant, machinery and equipment | 23 | €42,782 | €40,585 | -€2,197 | -5.1% |
| Furniture and vehicles | 24 | €1,848 | €3,926 | +€2,078 | +112% |
| Other tangible fixed assets | 26 | €8,583 | €7,277 | -€1,306 | -15.2% |
| Financial fixed assets | 28 | €624 | €624 | = | 0.0% |
| Current assets | 29/58 | €17,162 | €66,818 | +€49,656 | +289% |
| Stocks and contracts in progress | 3 | €3,996 | €3,996 | = | 0.0% |
| Stocks | 30/36 | €3,996 | €3,996 | = | 0.0% |
| Amounts receivable within one year | 40/41 | €9,620 | €52,617 | +€42,997 | +447% |
| Trade receivables | 40 | €9,365 | €52,077 | +€42,712 | +456% |
| Other amounts receivable | 41 | €255 | €540 | +€285 | +112% |
| Cash at bank and in hand | 54/58 | €3,546 | €9,721 | +€6,175 | +174% |
| Deferred charges and accrued income | 490/1 | - | €484 | +€484 | |
| Total equity and liabilities | 10/49 | €78,358 | €121,841 | +€43,483 | +55.5% |
| Equity | 10/15 | €51,450 | €65,065 | +€13,615 | +26.5% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Capital | 10 | €18,600 | €18,600 | = | 0.0% |
| Issued capital | 100 | €18,600 | €18,600 | = | 0.0% |
| Profit (loss) carried forward | 14 | €32,850 | €46,465 | +€13,615 | +41.4% |
| Amounts payable | 17/49 | €26,908 | €56,776 | +€29,868 | +111% |
| Amounts payable after more than one year | 17 | - | €22,556 | +€22,556 | |
| Financial debts | 170/4 | - | €22,556 | +€22,556 | |
| Amounts payable within one year | 42/48 | €19,243 | €34,220 | +€14,977 | +77.8% |
| Current portion of amounts payable after more than one year | 42 | - | €7,444 | +€7,444 | |
| Trade debts | 44 | €16,562 | €14,207 | -€2,355 | -14.2% |
| Suppliers | 440/4 | €16,562 | €14,207 | -€2,355 | -14.2% |
| Taxes, remuneration and social security | 45 | €2,681 | €9,772 | +€7,091 | +264% |
| Taxes | 450/3 | €2,681 | €3,088 | +€407 | +15.2% |
| Remuneration and social security | 454/9 | - | €6,684 | +€6,684 | |
| Other amounts payable | 47/48 | - | €2,797 | +€2,797 | |
| Accrued charges and deferred income | 492/3 | €7,665 | - | -€7,665 | |
| Turnover | 70 | €174,104 | €380,072 | +€205,968 | +118% |
| Goods, raw materials, services and sundry goods | 60/61 | €150,803 | €322,134 | +€171,331 | +114% |
| Remuneration, social security and pensions | 62 | €4,310 | €26,771 | +€22,461 | +521% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €8,027 | €12,379 | +€4,352 | +54.2% |
| Other operating charges | 640/8 | €495 | €607 | +€112 | +22.6% |
| Non-recurring operating charges | 66A | €30 | - | -€30 | |
| Gross operating margin | 9900 | €23,301 | €57,938 | +€34,637 | +149% |
| Operating profit (loss) | 9901 | €10,439 | €18,181 | +€7,742 | +74.2% |
| Financial charges | 65/66B | €2,147 | €3,079 | +€932 | +43.4% |
| Recurring financial charges | 65 | €2,147 | €3,079 | +€932 | +43.4% |
| Profit (loss) for the period before taxes | 9903 | €8,292 | €15,102 | +€6,810 | +82.1% |
| Income taxes | 67/77 | - | €441 | +€441 | |
| Profit (loss) for the period | 9904 | €8,292 | €14,661 | +€6,369 | +76.8% |
| Profit (loss) for the period to be appropriated | 9905 | €8,292 | €14,661 | +€6,369 | +76.8% |
Next steps
Calculation and sources
Source: filed annual accounts (NBB), financial years ended 31 December 2024 and 31 December 2025. Green is a favourable move for that line, red an unfavourable one. Prepared on 8 November 2026 via checked.be.