The Cheese Bar: 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.
The Cheese Bar
Largest movements
- Receivables within one year -€62,035
down €62,035 (-45.1%), from €137,472 to €75,438
of which Trade receivables: -€101,513
- Tangible fixed assets -€1,935
down €1,935 (-21.4%), from €9,045 to €7,110
- Trade debts -€55,071
down €55,071 (-80.1%), from €68,757 to €13,686
- Debts after one year -€7,712
down €7,712 (-79.7%), from €9,675 to €1,963
- Tax, wage and social debts -€3,220
down €3,220 (-82.6%), from €3,897 to €677
- Gross operating margin -€2,385
down €2,385 (-20.7%), from €11,519 to €9,134
- Taxes -€1,233
down €1,233 (-65.4%), from €1,886 to €653
- Financial income -€387
down €387 (-100%), from €387 to €0
- Other operating charges +€370
up €370 (+21.5%), from €1,716 to €2,086
- Financial charges +€129
up €129 (+3.2%), from €4,046 to €4,175
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 | €150,986 | €86,199 | -€64,787 | -42.9% |
| Fixed assets | 21/28 | €9,045 | €7,110 | -€1,935 | -21.4% |
| Tangible fixed assets | 22/27 | €9,045 | €7,110 | -€1,935 | -21.4% |
| Plant, machinery and equipment | 23 | €9,045 | €7,110 | -€1,935 | -21.4% |
| Current assets | 29/58 | €141,941 | €79,089 | -€62,852 | -44.3% |
| Amounts receivable within one year | 40/41 | €137,472 | €75,438 | -€62,035 | -45.1% |
| Trade receivables | 40 | €135,393 | €33,880 | -€101,513 | -75.0% |
| Other amounts receivable | 41 | €2,080 | €41,558 | +€39,479 | +1,898% |
| Cash at bank and in hand | 54/58 | €3,387 | €3,387 | = | 0.0% |
| Deferred charges and accrued income | 490/1 | €1,081 | €263 | -€818 | -75.6% |
| Total equity and liabilities | 10/49 | €150,986 | €86,199 | -€64,787 | -42.9% |
| Equity | 10/15 | €55,448 | €55,733 | +€285 | +0.5% |
| Contributions | 10/11 | €6,200 | €6,200 | = | 0.0% |
| Profit (loss) carried forward | 14 | €49,248 | €49,533 | +€285 | +0.6% |
| Amounts payable | 17/49 | €95,538 | €30,465 | -€65,072 | -68.1% |
| Amounts payable after more than one year | 17 | €9,675 | €1,963 | -€7,712 | -79.7% |
| Financial debts | 170/4 | €9,675 | €1,963 | -€7,712 | -79.7% |
| Amounts payable within one year | 42/48 | €85,863 | €28,503 | -€57,360 | -66.8% |
| Current portion of amounts payable after more than one year | 42 | €7,496 | €7,712 | +€216 | +2.9% |
| Financial debts | 43 | €5,713 | €6,427 | +€714 | +12.5% |
| Credit institutions | 430/8 | €5,713 | €6,427 | +€714 | +12.5% |
| Trade debts | 44 | €68,757 | €13,686 | -€55,071 | -80.1% |
| Suppliers | 440/4 | €68,757 | €13,686 | -€55,071 | -80.1% |
| Taxes, remuneration and social security | 45 | €3,897 | €677 | -€3,220 | -82.6% |
| Taxes | 450/3 | €3,897 | €677 | -€3,220 | -82.6% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €1,935 | €1,935 | = | 0.0% |
| Other operating charges | 640/8 | €1,716 | €2,086 | +€370 | +21.5% |
| Gross operating margin | 9900 | €11,519 | €9,134 | -€2,385 | -20.7% |
| Operating profit (loss) | 9901 | €7,868 | €5,114 | -€2,754 | -35.0% |
| Financial income | 75/76B | €387 | €0 | -€387 | -100% |
| Recurring financial income | 75 | €387 | €0 | -€387 | -100% |
| Financial charges | 65/66B | €4,046 | €4,175 | +€129 | +3.2% |
| Recurring financial charges | 65 | €4,046 | €4,175 | +€129 | +3.2% |
| Profit (loss) for the period before taxes | 9903 | €4,209 | €938 | -€3,271 | -77.7% |
| Income taxes | 67/77 | €1,886 | €653 | -€1,233 | -65.4% |
| Profit (loss) for the period | 9904 | €2,323 | €285 | -€2,037 | -87.7% |
| Profit (loss) for the period to be appropriated | 9905 | €2,323 | €285 | -€2,037 | -87.7% |
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 26 October 2026 via checked.be.