QUALITY FOOD: 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.
QUALITY FOOD
Largest movements
- Receivables within one year +€79,475
up €79,475 (+33.0%), from €240,547 to €320,022
of which Trade receivables: +€67,730
- Stocks and contracts +€43,500
up €43,500 (+127%), from €34,197 to €77,697
- Intangible fixed assets +€23,734
new in 2025: €23,734
- Tangible fixed assets +€13,103
up €13,103 (+61.9%), from €21,183 to €34,286
of which Plant, machinery and equipment: +€8,487
- Trade debts +€106,843
up €106,843 (+108%), from €98,627 to €205,470
- Short-term financial debts +€35,939
up €35,939 (+566%), from €6,353 to €42,291
- Tax, wage and social debts +€10,806
up €10,806 (+87.6%), from €12,341 to €23,147
of which Remuneration and social security: +€10,806
- Reserves +€7,628
up €7,628 (+6.2%), from €123,218 to €130,845
- Gross operating margin -€16,869
down €16,869 (-6.8%), from €246,436 to €229,566
- Other operating charges -€11,316
down €11,316 (-65.2%), from €17,359 to €6,043
- Taxes -€4,143
down €4,143 (-52.8%), from €7,850 to €3,707
- Depreciation +€2,691
up €2,691 (+34.6%), from €7,770 to €10,461
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 | €324,685 | €487,836 | +€163,151 | +50.2% |
| Fixed assets | 21/28 | €25,545 | €62,406 | +€36,861 | +144% |
| Intangible fixed assets | 21 | - | €23,734 | +€23,734 | |
| Tangible fixed assets | 22/27 | €21,183 | €34,286 | +€13,103 | +61.9% |
| Plant, machinery and equipment | 23 | €17,044 | €25,531 | +€8,487 | +49.8% |
| Furniture and vehicles | 24 | €4,139 | €8,755 | +€4,616 | +112% |
| Financial fixed assets | 28 | €4,362 | €4,386 | +€24 | +0.5% |
| Current assets | 29/58 | €299,141 | €425,430 | +€126,290 | +42.2% |
| Stocks and contracts in progress | 3 | €34,197 | €77,697 | +€43,500 | +127% |
| Stocks | 30/36 | €34,197 | €77,697 | +€43,500 | +127% |
| Amounts receivable within one year | 40/41 | €240,547 | €320,022 | +€79,475 | +33.0% |
| Trade receivables | 40 | €233,913 | €301,643 | +€67,730 | +29.0% |
| Other amounts receivable | 41 | €6,634 | €18,379 | +€11,745 | +177% |
| Cash at bank and in hand | 54/58 | €24,397 | €27,711 | +€3,315 | +13.6% |
| Total equity and liabilities | 10/49 | €324,685 | €487,836 | +€163,151 | +50.2% |
| Equity | 10/15 | €141,810 | €149,437 | +€7,628 | +5.4% |
| Contributions | 10/11 | €18,592 | €18,592 | = | 0.0% |
| Reserves | 13 | €123,218 | €130,845 | +€7,628 | +6.2% |
| Distributable reserves | 133 | €123,218 | €130,845 | +€7,628 | +6.2% |
| Profit (loss) carried forward | 14 | €0 | €0 | = | |
| Amounts payable | 17/49 | €182,876 | €338,399 | +€155,523 | +85.0% |
| Amounts payable after more than one year | 17 | €29,609 | €29,397 | -€211 | -0.7% |
| Financial debts | 170/4 | €29,609 | €29,397 | -€211 | -0.7% |
| Amounts payable within one year | 42/48 | €152,672 | €308,407 | +€155,735 | +102% |
| Current portion of amounts payable after more than one year | 42 | €35,000 | €37,315 | +€2,315 | +6.6% |
| Financial debts | 43 | €6,353 | €42,291 | +€35,939 | +566% |
| Credit institutions | 430/8 | €6,353 | €42,291 | +€35,939 | +566% |
| Trade debts | 44 | €98,627 | €205,470 | +€106,843 | +108% |
| Suppliers | 440/4 | €98,627 | €205,470 | +€106,843 | +108% |
| Taxes, remuneration and social security | 45 | €12,341 | €23,147 | +€10,806 | +87.6% |
| Taxes | 450/3 | €0 | - | = | |
| Remuneration and social security | 454/9 | €12,341 | €23,147 | +€10,806 | +87.6% |
| Other amounts payable | 47/48 | €351 | €183 | -€168 | -47.8% |
| Accrued charges and deferred income | 492/3 | €595 | €595 | = | 0.0% |
| Non-recurring operating income | 76A | €0 | - | = | |
| Remuneration, social security and pensions | 62 | €190,457 | €189,545 | -€912 | -0.5% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €7,770 | €10,461 | +€2,691 | +34.6% |
| Other operating charges | 640/8 | €17,359 | €6,043 | -€11,316 | -65.2% |
| Gross operating margin | 9900 | €246,436 | €229,566 | -€16,869 | -6.8% |
| Operating profit (loss) | 9901 | €30,850 | €23,517 | -€7,332 | -23.8% |
| Financial income | 75/76B | €69 | €1,128 | +€1,059 | +1,540% |
| Recurring financial income | 75 | €69 | €1,128 | +€1,059 | +1,540% |
| Financial charges | 65/66B | €6,144 | €7,525 | +€1,381 | +22.5% |
| Recurring financial charges | 65 | €6,144 | €7,525 | +€1,381 | +22.5% |
| Profit (loss) for the period before taxes | 9903 | €24,774 | €17,121 | -€7,653 | -30.9% |
| Income taxes | 67/77 | €7,850 | €3,707 | -€4,143 | -52.8% |
| Profit (loss) for the period | 9904 | €16,924 | €13,413 | -€3,510 | -20.7% |
| Profit (loss) for the period to be appropriated | 9905 | €16,924 | €13,413 | -€3,510 | -20.7% |
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 26 October 2026 via checked.be.