LE MARCHE DES CHEFS: 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 MARCHE DES CHEFS
Largest movements
- Tangible fixed assets -€94,686
down €94,686 (-17.9%), from €527,881 to €433,195
- Receivables within one year -€63,465
down €63,465 (-47.9%), from €132,521 to €69,056
of which Trade receivables: -€65,211
- Cash -€30,887
down €30,887 (-60.9%), from €50,724 to €19,837
mainly Net result for the year (-€193,031) and Trade debts (-€47,776)
- Stocks and contracts -€19,881
down €19,881 (-21.3%), from €93,372 to €73,491
- Profit (loss) carried forward -€193,031
down €193,031 (-68.4%), from €282,010 to €88,979
- Current portion of long-term debt +€100,000
new in 2025: €100,000
- Trade debts -€47,776
down €47,776 (-22.9%), from €208,329 to €160,552
- Investment grants -€43,027
down €43,027 (-42.2%), from €102,000 to €58,973
- Other debts -€12,790
no longer reported in 2025 (was €12,790)
- Other operating charges -€60,485
down €60,485 (-87.6%), from €69,058 to €8,573
- Staff costs +€25,741
up €25,741 (+17.4%), from €147,889 to €173,630
- Gross operating margin +€22,346
up €22,346 (+72.2%), from €30,962 to €53,308
- Financial income +€17,982
up €17,982 (+100.0%), from €17,983 to €35,965
- Depreciation -€11,914
down €11,914 (-11.2%), from €106,600 to €94,686
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 | €807,603 | €598,685 | -€208,918 | -25.9% |
| Fixed assets | 21/28 | €530,986 | €436,300 | -€94,686 | -17.8% |
| Intangible fixed assets | 21 | €0 | €0 | = | |
| Tangible fixed assets | 22/27 | €527,881 | €433,195 | -€94,686 | -17.9% |
| Plant, machinery and equipment | 23 | €527,881 | €433,195 | -€94,686 | -17.9% |
| Financial fixed assets | 28 | €3,105 | €3,105 | = | 0.0% |
| Current assets | 29/58 | €276,617 | €162,384 | -€114,233 | -41.3% |
| Stocks and contracts in progress | 3 | €93,372 | €73,491 | -€19,881 | -21.3% |
| Stocks | 30/36 | €93,372 | €73,491 | -€19,881 | -21.3% |
| Amounts receivable within one year | 40/41 | €132,521 | €69,056 | -€63,465 | -47.9% |
| Trade receivables | 40 | €132,080 | €66,868 | -€65,211 | -49.4% |
| Other amounts receivable | 41 | €442 | €2,188 | +€1,746 | +395% |
| Cash at bank and in hand | 54/58 | €50,724 | €19,837 | -€30,887 | -60.9% |
| Total equity and liabilities | 10/49 | €807,603 | €598,685 | -€208,918 | -25.9% |
| Equity | 10/15 | €573,375 | €337,316 | -€236,058 | -41.2% |
| Contributions | 10/11 | €99,750 | €99,750 | = | 0.0% |
| Capital | 10 | €99,750 | €99,750 | = | 0.0% |
| Issued capital | 100 | €99,750 | €99,750 | = | 0.0% |
| Reserves | 13 | €89,615 | €89,615 | = | 0.0% |
| Non-distributable reserves | 130/1 | €40,200 | €40,200 | = | 0.0% |
| Legal reserve | 130 | €40,200 | €40,200 | = | 0.0% |
| Distributable reserves | 133 | €49,415 | €49,415 | = | 0.0% |
| Profit (loss) carried forward | 14 | €282,010 | €88,979 | -€193,031 | -68.4% |
| Investment grants | 15 | €102,000 | €58,973 | -€43,027 | -42.2% |
| Amounts payable | 17/49 | €234,228 | €261,368 | +€27,140 | +11.6% |
| Amounts payable within one year | 42/48 | €234,228 | €261,368 | +€27,140 | +11.6% |
| Current portion of amounts payable after more than one year | 42 | - | €100,000 | +€100,000 | |
| Trade debts | 44 | €208,329 | €160,552 | -€47,776 | -22.9% |
| Suppliers | 440/4 | €208,329 | €160,552 | -€47,776 | -22.9% |
| Taxes, remuneration and social security | 45 | €13,110 | €816 | -€12,294 | -93.8% |
| Taxes | 450/3 | €8,545 | €238 | -€8,308 | -97.2% |
| Remuneration and social security | 454/9 | €4,565 | €578 | -€3,986 | -87.3% |
| Other amounts payable | 47/48 | €12,790 | - | -€12,790 | |
| Remuneration, social security and pensions | 62 | €147,889 | €173,630 | +€25,741 | +17.4% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €106,600 | €94,686 | -€11,914 | -11.2% |
| Other operating charges | 640/8 | €69,058 | €8,573 | -€60,485 | -87.6% |
| Non-recurring operating charges | 66A | €341 | - | -€341 | |
| Gross operating margin | 9900 | €30,962 | €53,308 | +€22,346 | +72.2% |
| Operating profit (loss) | 9901 | -€292,927 | -€223,581 | +€69,346 | +23.7% |
| Financial income | 75/76B | €17,983 | €35,965 | +€17,982 | +100.0% |
| Recurring financial income | 75 | €17,983 | €35,965 | +€17,982 | +100.0% |
| Financial charges | 65/66B | €9,038 | €5,415 | -€3,623 | -40.1% |
| Recurring financial charges | 65 | €9,038 | €5,415 | -€3,623 | -40.1% |
| Profit (loss) for the period before taxes | 9903 | -€283,982 | -€193,031 | +€90,951 | +32.0% |
| Profit (loss) for the period | 9904 | -€283,982 | -€193,031 | +€90,951 | +32.0% |
| Profit (loss) for the period to be appropriated | 9905 | -€283,982 | -€193,031 | +€90,951 | +32.0% |
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.