THE KITCHEN: 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.
THE KITCHEN
Largest movements
- Cash +€20,679
up €20,679 (+49.7%), from €41,572 to €62,252
mainly Net result for the year (+€23,061) and Receivables within one year (+€19,976)
- Receivables within one year -€19,976
down €19,976 (-30.3%), from €65,862 to €45,886
of which Trade receivables: -€19,735
- Tangible fixed assets -€10,849
down €10,849 (-28.2%), from €38,512 to €27,663
of which Furniture and vehicles: -€7,368
- Deferred charges and accrued income +€2,409
up €2,409 (+97.3%), from €2,476 to €4,885
- Profit (loss) carried forward +€23,061
up €23,061 (+11.6%), from -€199,577 to -€176,516
- Other debts -€14,384
down €14,384 (-8.0%), from €180,547 to €166,163
- Debts after one year -€7,480
down €7,480 (-17.2%), from €43,486 to €36,006
- Tax, wage and social debts -€5,233
down €5,233 (-20.1%), from €25,974 to €20,741
of which Remuneration and social security: -€3,749
- Advances received -€3,000
down €3,000 (-100.0%), from €3,000 to €0
- Gross operating margin -€19,907
down €19,907 (-16.4%), from €121,392 to €101,485
- Staff costs +€17,835
up €17,835 (+37.6%), from €47,494 to €65,329
- Taxes -€3,857
down €3,857 (-92.4%), from €4,174 to €318
- Other operating charges -€1,833
down €1,833 (-68.3%), from €2,684 to €851
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 | €156,893 | €150,311 | -€6,581 | -4.2% |
| Fixed assets | 21/28 | €41,762 | €30,913 | -€10,849 | -26.0% |
| Tangible fixed assets | 22/27 | €38,512 | €27,663 | -€10,849 | -28.2% |
| Plant, machinery and equipment | 23 | €8,477 | €5,572 | -€2,906 | -34.3% |
| Furniture and vehicles | 24 | €25,581 | €18,213 | -€7,368 | -28.8% |
| Other tangible fixed assets | 26 | €4,453 | €3,878 | -€575 | -12.9% |
| Financial fixed assets | 28 | €3,250 | €3,250 | = | 0.0% |
| Current assets | 29/58 | €115,131 | €119,398 | +€4,268 | +3.7% |
| Stocks and contracts in progress | 3 | €5,220 | €6,375 | +€1,155 | +22.1% |
| Stocks | 30/36 | €5,220 | €6,375 | +€1,155 | +22.1% |
| Amounts receivable within one year | 40/41 | €65,862 | €45,886 | -€19,976 | -30.3% |
| Trade receivables | 40 | €65,496 | €45,761 | -€19,735 | -30.1% |
| Other amounts receivable | 41 | €366 | €125 | -€241 | -65.7% |
| Cash at bank and in hand | 54/58 | €41,572 | €62,252 | +€20,679 | +49.7% |
| Deferred charges and accrued income | 490/1 | €2,476 | €4,885 | +€2,409 | +97.3% |
| Total equity and liabilities | 10/49 | €156,893 | €150,311 | -€6,581 | -4.2% |
| Equity | 10/15 | -€123,077 | -€100,016 | +€23,061 | +18.7% |
| Contributions | 10/11 | €70,000 | €70,000 | = | 0.0% |
| Reserves | 13 | €6,500 | €6,500 | = | 0.0% |
| Distributable reserves | 133 | €6,500 | €6,500 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€199,577 | -€176,516 | +€23,061 | +11.6% |
| Amounts payable | 17/49 | €279,970 | €250,327 | -€29,642 | -10.6% |
| Amounts payable after more than one year | 17 | €43,486 | €36,006 | -€7,480 | -17.2% |
| Financial debts | 170/4 | €43,486 | €36,006 | -€7,480 | -17.2% |
| Amounts payable within one year | 42/48 | €236,484 | €212,785 | -€23,699 | -10.0% |
| Current portion of amounts payable after more than one year | 42 | €7,954 | €7,480 | -€474 | -6.0% |
| Financial debts | 43 | €770 | €1,099 | +€329 | +42.7% |
| Credit institutions | 430/8 | €770 | €0 | -€770 | -100.0% |
| Other loans | 439 | - | €1,099 | +€1,099 | |
| Trade debts | 44 | €18,238 | €17,303 | -€936 | -5.1% |
| Suppliers | 440/4 | €18,238 | €17,303 | -€936 | -5.1% |
| Advances received on contracts in progress | 46 | €3,000 | €0 | -€3,000 | -100.0% |
| Taxes, remuneration and social security | 45 | €25,974 | €20,741 | -€5,233 | -20.1% |
| Taxes | 450/3 | €15,946 | €14,462 | -€1,484 | -9.3% |
| Remuneration and social security | 454/9 | €10,028 | €6,279 | -€3,749 | -37.4% |
| Other amounts payable | 47/48 | €180,547 | €166,163 | -€14,384 | -8.0% |
| Accrued charges and deferred income | 492/3 | - | €1,536 | +€1,536 | |
| Remuneration, social security and pensions | 62 | €47,494 | €65,329 | +€17,835 | +37.6% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €10,759 | €10,849 | +€90 | +0.8% |
| Other operating charges | 640/8 | €2,684 | €851 | -€1,833 | -68.3% |
| Gross operating margin | 9900 | €121,392 | €101,485 | -€19,907 | -16.4% |
| Operating profit (loss) | 9901 | €60,456 | €24,456 | -€36,000 | -59.5% |
| Financial income | 75/76B | €187 | €435 | +€248 | +132.8% |
| Recurring financial income | 75 | €187 | €435 | +€248 | +132.8% |
| Financial charges | 65/66B | €1,738 | €1,513 | -€226 | -13.0% |
| Recurring financial charges | 65 | €1,738 | €1,513 | -€226 | -13.0% |
| Profit (loss) for the period before taxes | 9903 | €58,905 | €23,378 | -€35,526 | -60.3% |
| Income taxes | 67/77 | €4,174 | €318 | -€3,857 | -92.4% |
| Profit (loss) for the period | 9904 | €54,731 | €23,061 | -€31,670 | -57.9% |
| Profit (loss) for the period to be appropriated | 9905 | €54,731 | €23,061 | -€31,670 | -57.9% |
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.