LE FROMAGEON: 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.
LE FROMAGEON
Largest movements
- Cash -€18,376
down €18,376 (-24.7%), from €74,276 to €55,901
mainly Contributions, distributions and other (-€40,000) and Trade debts (-€7,037)
- Tangible fixed assets -€8,116
down €8,116 (-17.6%), from €46,043 to €37,927
of which Furniture and vehicles: -€4,588
- Deferred charges and accrued income -€4,220
down €4,220 (-33.0%), from €12,785 to €8,565
- Receivables within one year -€3,190
down €3,190 (-13.5%), from €23,582 to €20,392
of which Other amounts receivable: -€3,135
- Profit (loss) carried forward -€33,456
down €33,456 (-38.8%), from €86,225 to €52,769
- Other debts +€10,000
new in 2025: €10,000
- Trade debts -€7,037
down €7,037 (-24.6%), from €28,587 to €21,550
- Debts after one year -€5,958
down €5,958 (-41.2%), from €14,453 to €8,495
- Tax, wage and social debts +€3,359
up €3,359 (+17.6%), from €19,060 to €22,419
of which Remuneration and social security: +€3,583
- Gross operating margin +€4,100
up €4,100 (+2.0%), from €202,117 to €206,217
- Financial charges -€2,961
down €2,961 (-41.8%), from €7,083 to €4,122
- Staff costs -€2,211
down €2,211 (-1.2%), from €184,590 to €182,379
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 | €172,842 | €139,958 | -€32,884 | -19.0% |
| Fixed assets | 21/28 | €46,201 | €38,085 | -€8,116 | -17.6% |
| Tangible fixed assets | 22/27 | €46,043 | €37,927 | -€8,116 | -17.6% |
| Furniture and vehicles | 24 | €4,588 | €0 | -€4,588 | -100% |
| Other tangible fixed assets | 26 | €41,455 | €37,927 | -€3,528 | -8.5% |
| Financial fixed assets | 28 | €158 | €158 | = | 0.0% |
| Current assets | 29/58 | €126,641 | €101,874 | -€24,767 | -19.6% |
| Stocks and contracts in progress | 3 | €15,998 | €17,016 | +€1,018 | +6.4% |
| Stocks | 30/36 | €15,998 | €17,016 | +€1,018 | +6.4% |
| Amounts receivable within one year | 40/41 | €23,582 | €20,392 | -€3,190 | -13.5% |
| Trade receivables | 40 | €374 | €319 | -€55 | -14.6% |
| Other amounts receivable | 41 | €23,208 | €20,073 | -€3,135 | -13.5% |
| Cash at bank and in hand | 54/58 | €74,276 | €55,901 | -€18,376 | -24.7% |
| Deferred charges and accrued income | 490/1 | €12,785 | €8,565 | -€4,220 | -33.0% |
| Total equity and liabilities | 10/49 | €172,842 | €139,958 | -€32,884 | -19.0% |
| Equity | 10/15 | €104,992 | €71,536 | -€33,456 | -31.9% |
| Contributions | 10/11 | €18,592 | €18,592 | = | 0.0% |
| Reserves | 13 | €175 | €175 | = | 0.0% |
| Non-distributable reserves | 130/1 | €0 | - | = | |
| Reserves not available under the articles | 1311 | €0 | - | = | |
| Tax-exempt reserves | 132 | €175 | €175 | = | 0.0% |
| Profit (loss) carried forward | 14 | €86,225 | €52,769 | -€33,456 | -38.8% |
| Amounts payable | 17/49 | €67,850 | €68,422 | +€572 | +0.8% |
| Amounts payable after more than one year | 17 | €14,453 | €8,495 | -€5,958 | -41.2% |
| Financial debts | 170/4 | €14,453 | €8,495 | -€5,958 | -41.2% |
| Amounts payable within one year | 42/48 | €53,397 | €59,927 | +€6,530 | +12.2% |
| Current portion of amounts payable after more than one year | 42 | €5,750 | €5,958 | +€208 | +3.6% |
| Trade debts | 44 | €28,587 | €21,550 | -€7,037 | -24.6% |
| Suppliers | 440/4 | €28,587 | €21,550 | -€7,037 | -24.6% |
| Taxes, remuneration and social security | 45 | €19,060 | €22,419 | +€3,359 | +17.6% |
| Taxes | 450/3 | €225 | €0 | -€225 | -100% |
| Remuneration and social security | 454/9 | €18,836 | €22,419 | +€3,583 | +19.0% |
| Other amounts payable | 47/48 | - | €10,000 | +€10,000 | |
| Remuneration, social security and pensions | 62 | €184,590 | €182,379 | -€2,211 | -1.2% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €8,154 | €8,116 | -€38 | -0.5% |
| Other operating charges | 640/8 | €1,907 | €3,022 | +€1,116 | +58.5% |
| Gross operating margin | 9900 | €202,117 | €206,217 | +€4,100 | +2.0% |
| Operating profit (loss) | 9901 | €7,467 | €12,700 | +€5,233 | +70.1% |
| Financial income | 75/76B | €921 | €1,018 | +€97 | +10.5% |
| Recurring financial income | 75 | €921 | €1,018 | +€97 | +10.5% |
| Financial charges | 65/66B | €7,083 | €4,122 | -€2,961 | -41.8% |
| Recurring financial charges | 65 | €7,083 | €4,122 | -€2,961 | -41.8% |
| Profit (loss) for the period before taxes | 9903 | €1,305 | €9,596 | +€8,291 | +635% |
| Income taxes | 67/77 | €1,188 | €3,052 | +€1,864 | +157% |
| Profit (loss) for the period | 9904 | €117 | €6,544 | +€6,427 | +5,479% |
| Profit (loss) for the period to be appropriated | 9905 | €117 | €6,544 | +€6,427 | +5,479% |
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 20 October 2026 via checked.be.