The Kitchen House: 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 Kitchen House
Largest movements
- Tangible fixed assets -€24,063
down €24,063 (-50.2%), from €47,895 to €23,831
of which Other tangible fixed assets: -€21,995
- Current portion of long-term debt -€27,627
down €27,627 (-43.1%), from €64,141 to €36,514
- Short-term financial debts +€25,989
up €25,989 (+141%), from €18,485 to €44,474
- Debts after one year -€25,514
down €25,514 (-53.7%), from €47,514 to €22,000
of which Other amounts payable: -€24,000
- Trade debts -€16,697
down €16,697 (-13.6%), from €123,206 to €106,509
- Profit (loss) carried forward +€13,431
up €13,431 (+9.6%), from -€139,576 to -€126,145
- Gross operating margin -€105,845
down €105,845 (-21.6%), from €489,322 to €383,477
- Staff costs -€68,017
down €68,017 (-17.1%), from €398,795 to €330,777
- Depreciation -€9,819
down €9,819 (-28.0%), from €35,069 to €25,251
- Financial charges -€8,982
down €8,982 (-34.6%), from €25,930 to €16,948
- Other operating charges -€7,338
down €7,338 (-69.7%), from €10,521 to €3,183
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 | €390,989 | €365,641 | -€25,349 | -6.5% |
| Fixed assets | 21/28 | €61,895 | €37,831 | -€24,063 | -38.9% |
| Tangible fixed assets | 22/27 | €47,895 | €23,831 | -€24,063 | -50.2% |
| Furniture and vehicles | 24 | €3,155 | €1,087 | -€2,068 | -65.6% |
| Other tangible fixed assets | 26 | €44,740 | €22,745 | -€21,995 | -49.2% |
| Financial fixed assets | 28 | €14,000 | €14,000 | = | 0.0% |
| Current assets | 29/58 | €329,094 | €327,809 | -€1,285 | -0.4% |
| Stocks and contracts in progress | 3 | €227,515 | €230,558 | +€3,042 | +1.3% |
| Stocks | 30/36 | €227,515 | €230,558 | +€3,042 | +1.3% |
| Amounts receivable within one year | 40/41 | €92,000 | €91,126 | -€874 | -1.0% |
| Trade receivables | 40 | €90,360 | €89,364 | -€997 | -1.1% |
| Other amounts receivable | 41 | €1,640 | €1,763 | +€123 | +7.5% |
| Cash at bank and in hand | 54/58 | €217 | €78 | -€140 | -64.2% |
| Deferred charges and accrued income | 490/1 | €9,361 | €6,047 | -€3,314 | -35.4% |
| Total equity and liabilities | 10/49 | €390,989 | €365,641 | -€25,349 | -6.5% |
| Equity | 10/15 | -€49,576 | -€36,145 | +€13,431 | +27.1% |
| Contributions | 10/11 | €90,000 | €90,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€139,576 | -€126,145 | +€13,431 | +9.6% |
| Amounts payable | 17/49 | €440,565 | €401,786 | -€38,779 | -8.8% |
| Amounts payable after more than one year | 17 | €47,514 | €22,000 | -€25,514 | -53.7% |
| Financial debts | 170/4 | €1,514 | - | -€1,514 | |
| Other amounts payable | 178/9 | €46,000 | €22,000 | -€24,000 | -52.2% |
| Amounts payable within one year | 42/48 | €292,624 | €280,315 | -€12,309 | -4.2% |
| Current portion of amounts payable after more than one year | 42 | €64,141 | €36,514 | -€27,627 | -43.1% |
| Financial debts | 43 | €18,485 | €44,474 | +€25,989 | +141% |
| Credit institutions | 430/8 | €18,485 | €44,474 | +€25,989 | +141% |
| Trade debts | 44 | €123,206 | €106,509 | -€16,697 | -13.6% |
| Suppliers | 440/4 | €123,206 | €106,509 | -€16,697 | -13.6% |
| Taxes, remuneration and social security | 45 | €50,953 | €45,299 | -€5,653 | -11.1% |
| Taxes | 450/3 | €18,592 | €10,037 | -€8,555 | -46.0% |
| Remuneration and social security | 454/9 | €32,361 | €35,262 | +€2,901 | +9.0% |
| Other amounts payable | 47/48 | €35,839 | €47,519 | +€11,679 | +32.6% |
| Accrued charges and deferred income | 492/3 | €100,427 | €99,471 | -€956 | -1.0% |
| Remuneration, social security and pensions | 62 | €398,795 | €330,777 | -€68,017 | -17.1% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €35,069 | €25,251 | -€9,819 | -28.0% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | -€5,164 | - | +€5,164 | |
| Other operating charges | 640/8 | €10,521 | €3,183 | -€7,338 | -69.7% |
| Gross operating margin | 9900 | €489,322 | €383,477 | -€105,845 | -21.6% |
| Operating profit (loss) | 9901 | €50,100 | €24,266 | -€25,834 | -51.6% |
| Financial income | 75/76B | €282 | €6,994 | +€6,712 | +2,381% |
| Recurring financial income | 75 | €282 | €6,994 | +€6,712 | +2,381% |
| Financial charges | 65/66B | €25,930 | €16,948 | -€8,982 | -34.6% |
| Recurring financial charges | 65 | €25,930 | €16,948 | -€8,982 | -34.6% |
| Profit (loss) for the period before taxes | 9903 | €24,452 | €14,313 | -€10,140 | -41.5% |
| Income taxes | 67/77 | €723 | €882 | +€159 | +21.9% |
| Profit (loss) for the period | 9904 | €23,729 | €13,431 | -€10,299 | -43.4% |
| Profit (loss) for the period to be appropriated | 9905 | €23,729 | €13,431 | -€10,299 | -43.4% |
Source: filed annual accounts (NBB), financial years ended 31 December 2024 and 31 December 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 26 October 2026 via checked.be.