TOUT UN FROMAGE !: what changed
TOUT UN FROMAGE !
Largest movements
- Tangible fixed assets -€9,351
down €9,351 (-19.7%), from €47,435 to €38,084
of which Plant, machinery and equipment: -€5,942
- Cash +€7,682
up €7,682 (+40.0%), from €19,214 to €26,896
mainly Depreciation (+€10,331) and Trade debts (+€9,268)
- Stocks and contracts +€2,350
up €2,350 (+21.0%), from €11,215 to €13,565
- Receivables within one year +€1,871
up €1,871 (+82.1%), from €2,279 to €4,151
of which Trade receivables: +€1,746
- Trade debts +€9,268
up €9,268 (+281%), from €3,294 to €12,562
- Debts after one year -€7,272
down €7,272 (-17.9%), from €40,568 to €33,296
- Other debts -€1,911
down €1,911 (-6.6%), from €28,911 to €27,000
- Tax, wage and social debts +€993
up €993 (+34.2%), from €2,900 to €3,893
- Profit (loss) carried forward +€906
up €906 (+13.0%), from -€6,980 to -€6,074
- Depreciation -€4,463
down €4,463 (-30.2%), from €14,793 to €10,331
- Financial charges -€4,204
down €4,204 (-51.8%), from €8,119 to €3,915
- Gross operating margin -€1,414
down €1,414 (-8.6%), from €16,480 to €15,066
- Other operating charges -€714
down €714 (-96.0%), from €744 to €30
Change in the result, 2024 to 2025
For each income-statement line you see the change as its effect on the result. Higher costs lower the result, higher income raises it.
Derived cash bridge
The bridge is derived from the 2024 and 2025 balance sheets and the 2025 result. There is no filed cash-flow statement. You see where the money came from and where it went.
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €80,589 | €83,181 | +€2,593 | +3.2% |
| Fixed assets | 21/28 | €47,435 | €38,084 | -€9,351 | -19.7% |
| Tangible fixed assets | 22/27 | €47,435 | €38,084 | -€9,351 | -19.7% |
| Plant, machinery and equipment | 23 | €24,697 | €18,755 | -€5,942 | -24.1% |
| Furniture and vehicles | 24 | €4,510 | €3,238 | -€1,272 | -28.2% |
| Other tangible fixed assets | 26 | €18,228 | €16,092 | -€2,137 | -11.7% |
| Current assets | 29/58 | €33,154 | €45,097 | +€11,944 | +36.0% |
| Stocks and contracts in progress | 3 | €11,215 | €13,565 | +€2,350 | +21.0% |
| Stocks | 30/36 | €11,215 | €13,565 | +€2,350 | +21.0% |
| Amounts receivable within one year | 40/41 | €2,279 | €4,151 | +€1,871 | +82.1% |
| Trade receivables | 40 | €2,279 | €4,025 | +€1,746 | +76.6% |
| Other amounts receivable | 41 | - | €125 | +€125 | |
| Cash at bank and in hand | 54/58 | €19,214 | €26,896 | +€7,682 | +40.0% |
| Deferred charges and accrued income | 490/1 | €446 | €486 | +€40 | +9.0% |
| Total equity and liabilities | 10/49 | €80,589 | €83,181 | +€2,593 | +3.2% |
| Equity | 10/15 | -€1,980 | -€1,074 | +€906 | +45.8% |
| Contributions | 10/11 | €5,000 | €5,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€6,980 | -€6,074 | +€906 | +13.0% |
| Amounts payable | 17/49 | €82,568 | €84,255 | +€1,687 | +2.0% |
| Amounts payable after more than one year | 17 | €40,568 | €33,296 | -€7,272 | -17.9% |
| Financial debts | 170/4 | €40,568 | €33,296 | -€7,272 | -17.9% |
| Amounts payable within one year | 42/48 | €42,000 | €50,728 | +€8,727 | +20.8% |
| Current portion of amounts payable after more than one year | 42 | €6,895 | €7,272 | +€378 | +5.5% |
| Trade debts | 44 | €3,294 | €12,562 | +€9,268 | +281% |
| Suppliers | 440/4 | €3,294 | €12,562 | +€9,268 | +281% |
| Taxes, remuneration and social security | 45 | €2,900 | €3,893 | +€993 | +34.2% |
| Taxes | 450/3 | €2,900 | €3,893 | +€993 | +34.2% |
| Other amounts payable | 47/48 | €28,911 | €27,000 | -€1,911 | -6.6% |
| Accrued charges and deferred income | 492/3 | - | €232 | +€232 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €14,793 | €10,331 | -€4,463 | -30.2% |
| Other operating charges | 640/8 | €744 | €30 | -€714 | -96.0% |
| Gross operating margin | 9900 | €16,480 | €15,066 | -€1,414 | -8.6% |
| Operating profit (loss) | 9901 | €943 | €4,706 | +€3,763 | +399% |
| Financial income | 75/76B | €196 | €115 | -€81 | -41.4% |
| Recurring financial income | 75 | €196 | €115 | -€81 | -41.4% |
| Financial charges | 65/66B | €8,119 | €3,915 | -€4,204 | -51.8% |
| Recurring financial charges | 65 | €8,119 | €3,915 | -€4,204 | -51.8% |
| Profit (loss) for the period before taxes | 9903 | -€6,980 | €906 | +€7,886 | |
| Profit (loss) for the period | 9904 | -€6,980 | €906 | +€7,886 | |
| Profit (loss) for the period to be appropriated | 9905 | -€6,980 | €906 | +€7,886 |
Next steps
Calculation and sources
Source: filed annual accounts (NBB), financial years ended 31 December 2024 and 31 December 2025. Green is a favourable move for that line, red an unfavourable one. Prepared on 4 November 2026 via checked.be.