THE FOODWAY: 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 FOODWAY
Largest movements
- Tangible fixed assets +€105,027
up €105,027 (+15,725%), from €668 to €105,695
- Cash +€27,645
up €27,645 (+16.5%), from €167,169 to €194,815
mainly Debts after one year (+€68,637) and Stocks and contracts (+€21,949)
- Stocks and contracts -€21,949
down €21,949 (-23.6%), from €93,055 to €71,105
- Debts after one year +€68,637
new in 2025: €68,637
- Current portion of long-term debt +€19,042
new in 2025: €19,042
- Trade debts +€11,468
up €11,468 (+25.4%), from €45,108 to €56,576
- Reserves +€7,742
up €7,742 (+5.9%), from €131,833 to €139,575
- Staff costs +€34,080
up €34,080 (+206%), from €16,538 to €50,618
- Taxes -€10,938
down €10,938 (-48.9%), from €22,357 to €11,419
- Depreciation +€10,527
up €10,527 (+330%), from €3,193 to €13,720
- Gross operating margin +€9,069
up €9,069 (+9.5%), from €95,623 to €104,692
- Financial charges +€2,651
up €2,651 (+623%), from €426 to €3,076
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 | €282,909 | €390,950 | +€108,041 | +38.2% |
| Fixed assets | 21/28 | €15,218 | €117,495 | +€102,277 | +672% |
| Intangible fixed assets | 21 | €5,500 | €2,750 | -€2,750 | -50.0% |
| Tangible fixed assets | 22/27 | €668 | €105,695 | +€105,027 | +15,725% |
| Furniture and vehicles | 24 | €668 | €105,695 | +€105,027 | +15,725% |
| Financial fixed assets | 28 | €9,050 | €9,050 | = | 0.0% |
| Current assets | 29/58 | €267,691 | €273,455 | +€5,764 | +2.2% |
| Stocks and contracts in progress | 3 | €93,055 | €71,105 | -€21,949 | -23.6% |
| Stocks | 30/36 | €93,055 | €71,105 | -€21,949 | -23.6% |
| Amounts receivable within one year | 40/41 | €5,120 | €5,359 | +€239 | +4.7% |
| Other amounts receivable | 41 | €5,120 | €5,359 | +€239 | +4.7% |
| Cash at bank and in hand | 54/58 | €167,169 | €194,815 | +€27,645 | +16.5% |
| Deferred charges and accrued income | 490/1 | €2,347 | €2,176 | -€171 | -7.3% |
| Total equity and liabilities | 10/49 | €282,909 | €390,950 | +€108,041 | +38.2% |
| Equity | 10/15 | €184,570 | €192,311 | +€7,742 | +4.2% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €131,833 | €139,575 | +€7,742 | +5.9% |
| Distributable reserves | 133 | €131,833 | €139,575 | +€7,742 | +5.9% |
| Profit (loss) carried forward | 14 | €34,136 | €34,136 | = | 0.0% |
| Amounts payable | 17/49 | €98,339 | €198,639 | +€100,299 | +102% |
| Amounts payable after more than one year | 17 | - | €68,637 | +€68,637 | |
| Financial debts | 170/4 | - | €68,637 | +€68,637 | |
| Amounts payable within one year | 42/48 | €95,340 | €130,001 | +€34,662 | +36.4% |
| Current portion of amounts payable after more than one year | 42 | - | €19,042 | +€19,042 | |
| Trade debts | 44 | €45,108 | €56,576 | +€11,468 | +25.4% |
| Suppliers | 440/4 | €45,108 | €56,576 | +€11,468 | +25.4% |
| Taxes, remuneration and social security | 45 | €36,623 | €38,775 | +€2,152 | +5.9% |
| Taxes | 450/3 | €10,063 | €13,035 | +€2,972 | +29.5% |
| Remuneration and social security | 454/9 | €26,560 | €25,740 | -€820 | -3.1% |
| Other amounts payable | 47/48 | €13,608 | €15,608 | +€2,000 | +14.7% |
| Accrued charges and deferred income | 492/3 | €2,999 | - | -€2,999 | |
| Non-recurring operating income | 76A | €9,270 | - | -€9,270 | |
| Remuneration, social security and pensions | 62 | €16,538 | €50,618 | +€34,080 | +206% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €3,193 | €13,720 | +€10,527 | +330% |
| Other operating charges | 640/8 | €3,718 | €4,731 | +€1,012 | +27.2% |
| Gross operating margin | 9900 | €95,623 | €104,692 | +€9,069 | +9.5% |
| Operating profit (loss) | 9901 | €72,173 | €35,623 | -€36,550 | -50.6% |
| Financial income | 75/76B | €78 | - | -€78 | |
| Recurring financial income | 75 | €78 | - | -€78 | |
| Financial charges | 65/66B | €426 | €3,076 | +€2,651 | +623% |
| Recurring financial charges | 65 | €426 | €3,076 | +€2,651 | +623% |
| Profit (loss) for the period before taxes | 9903 | €71,826 | €32,547 | -€39,279 | -54.7% |
| Income taxes | 67/77 | €22,357 | €11,419 | -€10,938 | -48.9% |
| Profit (loss) for the period | 9904 | €49,468 | €21,128 | -€28,341 | -57.3% |
| Profit (loss) for the period to be appropriated | 9905 | €49,468 | €21,128 | -€28,341 | -57.3% |
Source: filed annual accounts (NBB), financial years ended 31 March 2024 and 31 March 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 21 October 2026 via checked.be.