LOS CHURROS: 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.
LOS CHURROS
Largest movements
- Receivables within one year -€142,434
down €142,434 (-38.2%), from €373,113 to €230,679
of which Other amounts receivable: -€173,779
- Cash -€109,394
down €109,394 (-26.0%), from €421,359 to €311,965
mainly Other debts (-€359,724) and Contributions, distributions and other (-€119,000)
- Tangible fixed assets -€20,707
down €20,707 (-3.0%), from €699,655 to €678,948
of which Other tangible fixed assets: -€29,631
- Other debts -€359,724
no longer reported in 2025 (was €359,724)
- Reserves +€181,000
up €181,000 (+19.3%), from €938,935 to €1.1m
of which Distributable reserves: +€181,000
- Debts after one year -€52,346
down €52,346 (-12.5%), from €419,684 to €367,338
of which Financial debts: -€52,346
- Staff costs +€72,016
up €72,016 (+17.8%), from €403,957 to €475,973
- Depreciation -€58,070
down €58,070 (-30.8%), from €188,547 to €130,477
- Gross operating margin -€40,296
down €40,296 (-3.5%), from €1.1m to €1.1m
- Write-downs -€36,914
down €36,914 (-70.0%), from €52,768 to €15,854
- Other operating charges -€14,079
down €14,079 (-52.7%), from €26,721 to €12,642
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 | €2,068,342 | €1,808,851 | -€259,491 | -12.5% |
| Fixed assets | 21/28 | €699,655 | €678,948 | -€20,707 | -3.0% |
| Tangible fixed assets | 22/27 | €699,655 | €678,948 | -€20,707 | -3.0% |
| Land and buildings | 22 | €318,303 | €301,069 | -€17,234 | -5.4% |
| Plant, machinery and equipment | 23 | €108,302 | €119,222 | +€10,920 | +10.1% |
| Furniture and vehicles | 24 | €70,195 | €85,434 | +€15,238 | +21.7% |
| Other tangible fixed assets | 26 | €202,854 | €173,223 | -€29,631 | -14.6% |
| Current assets | 29/58 | €1,368,686 | €1,129,903 | -€238,784 | -17.4% |
| Amounts receivable after more than one year | 29 | €550,000 | €550,000 | = | 0.0% |
| Other amounts receivable | 291 | €550,000 | €550,000 | = | 0.0% |
| Stocks and contracts in progress | 3 | €5,875 | €23,130 | +€17,255 | +294% |
| Stocks | 30/36 | €5,875 | €23,130 | +€17,255 | +294% |
| Amounts receivable within one year | 40/41 | €373,113 | €230,679 | -€142,434 | -38.2% |
| Trade receivables | 40 | €170 | €31,515 | +€31,345 | +18,438% |
| Other amounts receivable | 41 | €372,943 | €199,164 | -€173,779 | -46.6% |
| Cash at bank and in hand | 54/58 | €421,359 | €311,965 | -€109,394 | -26.0% |
| Deferred charges and accrued income | 490/1 | €18,339 | €14,128 | -€4,211 | -23.0% |
| Total equity and liabilities | 10/49 | €2,068,342 | €1,808,851 | -€259,491 | -12.5% |
| Equity | 10/15 | €965,863 | €1,146,972 | +€181,109 | +18.8% |
| Contributions | 10/11 | €14,260 | €14,260 | = | 0.0% |
| Reserves | 13 | €938,935 | €1,119,935 | +€181,000 | +19.3% |
| Tax-exempt reserves | 132 | €36,935 | €36,935 | = | 0.0% |
| Distributable reserves | 133 | €902,000 | €1,083,000 | +€181,000 | +20.1% |
| Profit (loss) carried forward | 14 | €12,668 | €12,777 | +€109 | +0.9% |
| Amounts payable | 17/49 | €1,102,479 | €661,879 | -€440,600 | -40.0% |
| Amounts payable after more than one year | 17 | €419,684 | €367,338 | -€52,346 | -12.5% |
| Financial debts | 170/4 | €310,684 | €258,338 | -€52,346 | -16.8% |
| Other amounts payable | 178/9 | €109,000 | €109,000 | = | 0.0% |
| Amounts payable within one year | 42/48 | €682,795 | €294,541 | -€388,254 | -56.9% |
| Current portion of amounts payable after more than one year | 42 | €50,992 | €52,346 | +€1,354 | +2.7% |
| Trade debts | 44 | €93,933 | €73,476 | -€20,457 | -21.8% |
| Suppliers | 440/4 | €93,933 | €73,476 | -€20,457 | -21.8% |
| Taxes, remuneration and social security | 45 | €178,145 | €168,718 | -€9,427 | -5.3% |
| Taxes | 450/3 | €142,769 | €139,802 | -€2,966 | -2.1% |
| Remuneration and social security | 454/9 | €35,376 | €28,916 | -€6,460 | -18.3% |
| Other amounts payable | 47/48 | €359,724 | - | -€359,724 | |
| Remuneration, social security and pensions | 62 | €403,957 | €475,973 | +€72,016 | +17.8% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €188,547 | €130,477 | -€58,070 | -30.8% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | €52,768 | €15,854 | -€36,914 | -70.0% |
| Other operating charges | 640/8 | €26,721 | €12,642 | -€14,079 | -52.7% |
| Gross operating margin | 9900 | €1,147,747 | €1,107,451 | -€40,296 | -3.5% |
| Operating profit (loss) | 9901 | €475,755 | €472,506 | -€3,249 | -0.7% |
| Financial income | 75/76B | €17,649 | €15,019 | -€2,631 | -14.9% |
| Recurring financial income | 75 | €17,649 | €15,019 | -€2,631 | -14.9% |
| Financial charges | 65/66B | €44,923 | €49,972 | +€5,049 | +11.2% |
| Recurring financial charges | 65 | €44,923 | €49,972 | +€5,049 | +11.2% |
| Profit (loss) for the period before taxes | 9903 | €448,481 | €437,552 | -€10,929 | -2.4% |
| Income taxes | 67/77 | €145,813 | €137,443 | -€8,370 | -5.7% |
| Profit (loss) for the period | 9904 | €302,668 | €300,109 | -€2,559 | -0.8% |
| Profit (loss) for the period to be appropriated | 9905 | €302,668 | €300,109 | -€2,559 | -0.8% |
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 27 October 2026 via checked.be.