Les secrets du Chef: 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.
Les secrets du Chef
Largest movements
- Stocks and contracts +€138,822
up €138,822 (+42.6%), from €325,772 to €464,594
- Receivables within one year -€90,688
down €90,688 (-25.2%), from €359,907 to €269,219
- Tangible fixed assets -€26,355
down €26,355 (-40.8%), from €64,613 to €38,257
of which Other tangible fixed assets: -€16,520
- Trade debts +€58,768
up €58,768 (+19.2%), from €306,257 to €365,025
- Debts after one year -€26,025
down €26,025 (-53.6%), from €48,563 to €22,537
- Current portion of long-term debt -€21,521
down €21,521 (-27.4%), from €78,658 to €57,137
- Tax, wage and social debts +€14,901
up €14,901 (+21.1%), from €70,746 to €85,647
of which Remuneration and social security: +€15,641
- Profit (loss) carried forward -€11,732
new in 2025: -€11,732
- Gross operating margin +€125,889
up €125,889 (+22.8%), from €552,876 to €678,764
- Staff costs +€44,465
up €44,465 (+7.7%), from €575,014 to €619,479
- Depreciation -€12,453
down €12,453 (-27.8%), from €44,799 to €32,346
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 | €819,594 | €833,893 | +€14,299 | +1.7% |
| Fixed assets | 21/28 | €69,638 | €38,282 | -€31,355 | -45.0% |
| Intangible fixed assets | 21 | €5,000 | - | -€5,000 | |
| Tangible fixed assets | 22/27 | €64,613 | €38,257 | -€26,355 | -40.8% |
| Furniture and vehicles | 24 | - | €661 | +€661 | |
| Leasing and similar rights | 25 | €41,236 | €30,740 | -€10,496 | -25.5% |
| Other tangible fixed assets | 26 | €23,377 | €6,857 | -€16,520 | -70.7% |
| Financial fixed assets | 28 | €25 | €25 | = | 0.0% |
| Current assets | 29/58 | €749,956 | €795,611 | +€45,654 | +6.1% |
| Stocks and contracts in progress | 3 | €325,772 | €464,594 | +€138,822 | +42.6% |
| Stocks | 30/36 | €325,772 | €464,594 | +€138,822 | +42.6% |
| Amounts receivable within one year | 40/41 | €359,907 | €269,219 | -€90,688 | -25.2% |
| Trade receivables | 40 | €359,907 | €269,219 | -€90,688 | -25.2% |
| Cash at bank and in hand | 54/58 | €15,346 | €12,650 | -€2,696 | -17.6% |
| Deferred charges and accrued income | 490/1 | €48,931 | €49,148 | +€217 | +0.4% |
| Total equity and liabilities | 10/49 | €819,594 | €833,893 | +€14,299 | +1.7% |
| Equity | 10/15 | €64,963 | €41,795 | -€23,168 | -35.7% |
| Contributions | 10/11 | €42,000 | €42,000 | = | 0.0% |
| Reserves | 13 | €22,963 | €11,528 | -€11,436 | -49.8% |
| Non-distributable reserves | 130/1 | €4,200 | €4,200 | = | 0.0% |
| Reserves not available under the articles | 1311 | €4,200 | €4,200 | = | 0.0% |
| Tax-exempt reserves | 132 | €7,328 | €7,328 | = | 0.0% |
| Distributable reserves | 133 | €11,436 | €0 | -€11,436 | -100% |
| Profit (loss) carried forward | 14 | - | -€11,732 | -€11,732 | |
| Amounts payable | 17/49 | €754,630 | €792,098 | +€37,467 | +5.0% |
| Amounts payable after more than one year | 17 | €48,563 | €22,537 | -€26,025 | -53.6% |
| Financial debts | 170/4 | €48,563 | €22,537 | -€26,025 | -53.6% |
| Amounts payable within one year | 42/48 | €685,147 | €740,054 | +€54,907 | +8.0% |
| Current portion of amounts payable after more than one year | 42 | €78,658 | €57,137 | -€21,521 | -27.4% |
| Financial debts | 43 | €81,825 | €78,193 | -€3,632 | -4.4% |
| Other loans | 439 | €81,825 | €78,193 | -€3,632 | -4.4% |
| Trade debts | 44 | €306,257 | €365,025 | +€58,768 | +19.2% |
| Suppliers | 440/4 | €306,257 | €365,025 | +€58,768 | +19.2% |
| Taxes, remuneration and social security | 45 | €70,746 | €85,647 | +€14,901 | +21.1% |
| Taxes | 450/3 | €15,469 | €14,729 | -€740 | -4.8% |
| Remuneration and social security | 454/9 | €55,277 | €70,918 | +€15,641 | +28.3% |
| Other amounts payable | 47/48 | €147,661 | €154,052 | +€6,391 | +4.3% |
| Accrued charges and deferred income | 492/3 | €20,921 | €29,507 | +€8,586 | +41.0% |
| Remuneration, social security and pensions | 62 | €575,014 | €619,479 | +€44,465 | +7.7% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €44,799 | €32,346 | -€12,453 | -27.8% |
| Other operating charges | 640/8 | €30,614 | €30,966 | +€352 | +1.2% |
| Gross operating margin | 9900 | €552,876 | €678,764 | +€125,889 | +22.8% |
| Operating profit (loss) | 9901 | -€97,551 | -€4,027 | +€93,525 | +95.9% |
| Financial income | 75/76B | €2,041 | €2,813 | +€772 | +37.8% |
| Recurring financial income | 75 | €2,041 | €2,813 | +€772 | +37.8% |
| Financial charges | 65/66B | €21,440 | €21,646 | +€207 | +1.0% |
| Recurring financial charges | 65 | €21,440 | €21,646 | +€207 | +1.0% |
| Profit (loss) for the period before taxes | 9903 | -€116,950 | -€22,860 | +€94,090 | +80.5% |
| Income taxes | 67/77 | €434 | €308 | -€126 | -29.0% |
| Profit (loss) for the period | 9904 | -€117,384 | -€23,168 | +€94,216 | +80.3% |
| Profit (loss) for the period to be appropriated | 9905 | -€117,384 | -€23,168 | +€94,216 | +80.3% |
Source: filed annual accounts (NBB), financial years ended 30 September 2024 and 30 September 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 27 October 2026 via checked.be.