SAVEURS DU CHEF: what changed
Two fiscal 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.
What changed
SAVEURS DU CHEF
NACE 10.840, Manufacture of food products
fiscal year 2024 against 2025filed annual accounts (NBB)
Net result for the year
€207,115
2024 · €264,295-€57,180
Equity
€2.2m
2024 · €2.0m+€207,115
Cash
€571,676
2024 · €100,731+€470,946
Balance sheet total
€6.8m
2024 · €6.2m+€568,221
Largest movements
Assets
- Cash +€470,946
up €470,946 (+467.5%), from €100,731 to €571,676
mainly Depreciation (+€504,102) and Debts after one year (+€264,442)
- Tangible fixed assets +€127,160
up €127,160 (+2.5%), from €5.1m to €5.2m
of which Assets under construction and advance payments: +€239,539
Equity and liabilities
- Debts after one year +€264,442
up €264,442 (+9.3%), from €2.9m to €3.1m
- Profit (loss) carried forward +€116,600
up €116,600 (+19.1%), from €611,847 to €728,447
- Reserves +€90,515
up €90,515 (+23.6%), from €384,168 to €474,683
of which Tax-exempt reserves: +€69,465
Income statement
- Depreciation +€148,787
up €148,787 (+41.9%), from €355,315 to €504,102
- Taxes -€79,976
down €79,976 (-50.7%), from €157,641 to €77,664
- Other operating charges -€74,908
down €74,908 (-68.2%), from €109,887 to €34,979
- Financial charges +€71,827
up €71,827 (+95.4%), from €75,308 to €147,135
- Gross operating margin +€36,991
up €36,991 (+3.1%), from €1.2m to €1.2m
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.
Result 2024
€264,295
Gross operating margin
+€36,991
Staff costs
-€26,173
Depreciation
-€148,787
Write-downs
-€1,817
Other operating charges
+€74,908
Other operating items
-€6
Financial income
-€447
Financial charges
-€71,827
Taxes
+€79,976
Result 2025
€207,115
Cash bridge derived
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.
From operations
+€745,844
Investment
-€596,918
Financing
+€322,019
Cash 2024
€100,731
From operations (derived)
+€745,844
Net result for the year
+€207,115
Depreciation
+€504,102
Stocks and contracts
-€20,142
Receivables within one year
+€9,159
Deferred charges and accrued income
+€6,522
Trade debts
+€14,758
Tax, wage and social debts
-€35,073
Other debts
+€11,247
Accrued charges and deferred income
+€48,156
Investment (derived)
-€596,918
Investment in fixed assets (net)
-€596,918
Financing
+€322,019
Debts after one year
+€264,442
Current portion of long-term debt
+€57,577
Cash 2025
€571,676
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €6,249,388 | €6,817,610 | +€568,221 | +9.1% |
| Formation expenses | 20 | €234,923 | €176,193 | -€58,731 | -25.0% |
| Fixed assets | 21/28 | €5,070,879 | €5,222,426 | +€151,546 | +3.0% |
| Intangible fixed assets | 21 | - | €24,386 | +€24,386 | |
| Tangible fixed assets | 22/27 | €5,070,487 | €5,197,647 | +€127,160 | +2.5% |
| Land and buildings | 22 | €4,574,359 | €4,513,811 | -€60,548 | -1.3% |
| Plant, machinery and equipment | 23 | €455,621 | €432,930 | -€22,691 | -5.0% |
| Furniture and vehicles | 24 | €15,791 | €11,368 | -€4,423 | -28.0% |
| Leasing and similar rights | 25 | €24,716 | €0 | -€24,716 | -100.0% |
| Assets under construction and advance payments | 27 | - | €239,539 | +€239,539 | |
| Financial fixed assets | 28 | €393 | €393 | = | 0.0% |
| Current assets | 29/58 | €943,585 | €1,418,991 | +€475,406 | +50.4% |
| Stocks and contracts in progress | 3 | €276,656 | €296,798 | +€20,142 | +7.3% |
| Stocks | 30/36 | €276,656 | €296,798 | +€20,142 | +7.3% |
| Amounts receivable within one year | 40/41 | €553,224 | €544,065 | -€9,159 | -1.7% |
| Trade receivables | 40 | €443,413 | €496,093 | +€52,681 | +11.9% |
| Other amounts receivable | 41 | €109,812 | €47,972 | -€61,840 | -56.3% |
| Cash at bank and in hand | 54/58 | €100,731 | €571,676 | +€470,946 | +467.5% |
| Deferred charges and accrued income | 490/1 | €12,974 | €6,452 | -€6,522 | -50.3% |
| Total equity and liabilities | 10/49 | €6,249,388 | €6,817,610 | +€568,221 | +9.1% |
| Equity | 10/15 | €1,952,212 | €2,159,327 | +€207,115 | +10.6% |
| Contributions | 10/11 | €956,197 | €956,197 | = | 0.0% |
| Reserves | 13 | €384,168 | €474,683 | +€90,515 | +23.6% |
| Non-distributable reserves | 130/1 | €2,000 | €2,000 | = | 0.0% |
| Reserves not available under the articles | 1311 | €2,000 | €2,000 | = | 0.0% |
| Tax-exempt reserves | 132 | €330,485 | €399,950 | +€69,465 | +21.0% |
| Distributable reserves | 133 | €51,683 | €72,733 | +€21,050 | +40.7% |
| Profit (loss) carried forward | 14 | €611,847 | €728,447 | +€116,600 | +19.1% |
| Amounts payable | 17/49 | €4,297,176 | €4,658,283 | +€361,107 | +8.4% |
| Amounts payable after more than one year | 17 | €2,852,311 | €3,116,753 | +€264,442 | +9.3% |
| Financial debts | 170/4 | €2,852,311 | €3,116,753 | +€264,442 | +9.3% |
| Amounts payable within one year | 42/48 | €1,418,800 | €1,467,309 | +€48,509 | +3.4% |
| Current portion of amounts payable after more than one year | 42 | €194,981 | €252,558 | +€57,577 | +29.5% |
| Financial debts | 43 | €0 | - | = | |
| Credit institutions | 430/8 | €0 | - | = | |
| Trade debts | 44 | €507,110 | €521,868 | +€14,758 | +2.9% |
| Suppliers | 440/4 | €507,110 | €521,868 | +€14,758 | +2.9% |
| Taxes, remuneration and social security | 45 | €56,181 | €21,108 | -€35,073 | -62.4% |
| Taxes | 450/3 | €39,141 | €1,164 | -€37,976 | -97.0% |
| Remuneration and social security | 454/9 | €17,040 | €19,943 | +€2,903 | +17.0% |
| Other amounts payable | 47/48 | €660,528 | €671,776 | +€11,247 | +1.7% |
| Accrued charges and deferred income | 492/3 | €26,065 | €74,221 | +€48,156 | +184.8% |
| Non-recurring operating income | 76A | €0 | - | = | |
| Remuneration, social security and pensions | 62 | €245,812 | €271,985 | +€26,173 | +10.6% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €355,315 | €504,102 | +€148,787 | +41.9% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | €0 | €1,817 | +€1,817 | |
| Other operating charges | 640/8 | €109,887 | €34,979 | -€74,908 | -68.2% |
| Non-recurring operating charges | 66A | €0 | €6 | +€6 | |
| Gross operating margin | 9900 | €1,207,766 | €1,244,757 | +€36,991 | +3.1% |
| Operating profit (loss) | 9901 | €496,751 | €431,869 | -€64,883 | -13.1% |
| Financial income | 75/76B | €493 | €45 | -€447 | -90.8% |
| Recurring financial income | 75 | €493 | €45 | -€447 | -90.8% |
| Financial charges | 65/66B | €75,308 | €147,135 | +€71,827 | +95.4% |
| Recurring financial charges | 65 | €75,308 | €147,135 | +€71,827 | +95.4% |
| Profit (loss) for the period before taxes | 9903 | €421,936 | €284,779 | -€137,157 | -32.5% |
| Income taxes | 67/77 | €157,641 | €77,664 | -€79,976 | -50.7% |
| Profit (loss) for the period | 9904 | €264,295 | €207,115 | -€57,180 | -21.6% |
| Transfer from tax-exempt reserves | 789 | - | €21,050 | +€21,050 | |
| Transfer to tax-exempt reserves | 689 | €162,085 | €90,515 | -€71,570 | -44.2% |
| Profit (loss) for the period to be appropriated | 9905 | €102,210 | €137,650 | +€35,440 | +34.7% |
Source: filed annual accounts (NBB), fiscal years ended 31 December 2024 and 31 December 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 2 October 2026 via checked.be.