TASTE DEVELOPMENT: 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.
TASTE DEVELOPMENT
Largest movements
- Cash +€270,325
up €270,325 (+17.6%), from €1.5m to €1.8m
mainly Net result for the year (+€920,284) and Trade debts (+€145,076)
- Tangible fixed assets -€128,549
down €128,549 (-14.4%), from €891,130 to €762,580
of which Land and buildings: -€85,524
- Receivables within one year +€61,399
up €61,399 (+19.2%), from €319,343 to €380,742
of which Trade receivables: +€58,818
- Profit (loss) carried forward +€920,284
up €920,284 (+112.6%), from €817,174 to €1.7m
- Other debts -€916,130
down €916,130 (-100.0%), from €916,130 to €0
- Trade debts +€145,076
up €145,076 (+123.1%), from €117,867 to €262,943
- Tax, wage and social debts +€114,056
up €114,056 (+65.4%), from €174,483 to €288,539
of which Taxes: +€120,898
- Debts after one year -€71,945
down €71,945 (-70.8%), from €101,632 to €29,687
- Gross operating margin +€214,621
up €214,621 (+10.0%), from €2.1m to €2.4m
- Staff costs +€107,946
up €107,946 (+12.3%), from €876,291 to €984,237
- Taxes +€37,927
up €37,927 (+13.6%), from €278,182 to €316,110
- Depreciation -€34,357
down €34,357 (-20.2%), from €170,041 to €135,684
- Financial income +€26,467
up €26,467 (+321.2%), from €8,239 to €34,706
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.
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.
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €3,359,010 | €3,599,523 | +€240,513 | +7.2% |
| Fixed assets | 21/28 | €900,080 | €771,530 | -€128,549 | -14.3% |
| Tangible fixed assets | 22/27 | €891,130 | €762,580 | -€128,549 | -14.4% |
| Land and buildings | 22 | €758,971 | €673,447 | -€85,524 | -11.3% |
| Furniture and vehicles | 24 | €132,159 | €89,133 | -€43,025 | -32.6% |
| Financial fixed assets | 28 | €8,950 | €8,950 | = | 0.0% |
| Current assets | 29/58 | €2,458,930 | €2,827,993 | +€369,063 | +15.0% |
| Stocks and contracts in progress | 3 | €589,762 | €602,541 | +€12,779 | +2.2% |
| Stocks | 30/36 | €589,762 | €602,541 | +€12,779 | +2.2% |
| Amounts receivable within one year | 40/41 | €319,343 | €380,742 | +€61,399 | +19.2% |
| Trade receivables | 40 | €297,112 | €355,930 | +€58,818 | +19.8% |
| Other amounts receivable | 41 | €22,231 | €24,812 | +€2,581 | +11.6% |
| Cash at bank and in hand | 54/58 | €1,536,073 | €1,806,398 | +€270,325 | +17.6% |
| Deferred charges and accrued income | 490/1 | €13,753 | €38,312 | +€24,559 | +178.6% |
| Total equity and liabilities | 10/49 | €3,359,010 | €3,599,523 | +€240,513 | +7.2% |
| Equity | 10/15 | €1,960,196 | €2,872,459 | +€912,263 | +46.5% |
| Contributions | 10/11 | €545,366 | €545,366 | = | 0.0% |
| Capital | 10 | €545,366 | €545,366 | = | 0.0% |
| Issued capital | 100 | €545,366 | €545,366 | = | 0.0% |
| Reserves | 13 | €524,537 | €524,537 | = | 0.0% |
| Non-distributable reserves | 130/1 | €54,537 | €54,537 | = | 0.0% |
| Legal reserve | 130 | €54,537 | €54,537 | = | 0.0% |
| Distributable reserves | 133 | €470,000 | €470,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | €817,174 | €1,737,458 | +€920,284 | +112.6% |
| Investment grants | 15 | €73,120 | €65,099 | -€8,021 | -11.0% |
| Amounts payable | 17/49 | €1,398,814 | €727,064 | -€671,750 | -48.0% |
| Amounts payable after more than one year | 17 | €101,632 | €29,687 | -€71,945 | -70.8% |
| Financial debts | 170/4 | €101,632 | €29,687 | -€71,945 | -70.8% |
| Amounts payable within one year | 42/48 | €1,297,181 | €697,377 | -€599,804 | -46.2% |
| Current portion of amounts payable after more than one year | 42 | €88,703 | €145,895 | +€57,193 | +64.5% |
| Trade debts | 44 | €117,867 | €262,943 | +€145,076 | +123.1% |
| Suppliers | 440/4 | €117,867 | €262,943 | +€145,076 | +123.1% |
| Taxes, remuneration and social security | 45 | €174,483 | €288,539 | +€114,056 | +65.4% |
| Taxes | 450/3 | €71,888 | €192,786 | +€120,898 | +168.2% |
| Remuneration and social security | 454/9 | €102,594 | €95,753 | -€6,841 | -6.7% |
| Other amounts payable | 47/48 | €916,130 | €0 | -€916,130 | -100.0% |
| Remuneration, social security and pensions | 62 | €876,291 | €984,237 | +€107,946 | +12.3% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €170,041 | €135,684 | -€34,357 | -20.2% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | €126 | €694 | +€568 | +452.7% |
| Other operating charges | 640/8 | €23,945 | €21,831 | -€2,114 | -8.8% |
| Non-recurring operating charges | 66A | €0 | €3,567 | +€3,567 | |
| Gross operating margin | 9900 | €2,140,172 | €2,354,793 | +€214,621 | +10.0% |
| Operating profit (loss) | 9901 | €1,069,770 | €1,208,780 | +€139,010 | +13.0% |
| Financial income | 75/76B | €8,239 | €34,706 | +€26,467 | +321.2% |
| Recurring financial income | 75 | €8,239 | €34,706 | +€26,467 | +321.2% |
| Financial charges | 65/66B | €6,475 | €7,093 | +€618 | +9.5% |
| Recurring financial charges | 65 | €6,475 | €7,093 | +€618 | +9.5% |
| Profit (loss) for the period before taxes | 9903 | €1,071,534 | €1,236,394 | +€164,860 | +15.4% |
| Income taxes | 67/77 | €278,182 | €316,110 | +€37,927 | +13.6% |
| Profit (loss) for the period | 9904 | €793,351 | €920,284 | +€126,932 | +16.0% |
| Profit (loss) for the period to be appropriated | 9905 | €793,351 | €920,284 | +€126,932 | +16.0% |
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 6 October 2026 via checked.be.