WE LOVE CHEESES: 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.
WE LOVE CHEESES
Largest movements
- Receivables within one year -€11,617
down €11,617 (-47.7%), from €24,357 to €12,740
- Tangible fixed assets -€4,458
down €4,458 (-2.9%), from €151,526 to €147,068
- Other debts -€22,650
down €22,650 (-60.2%), from €37,634 to €14,984
- Profit (loss) carried forward +€17,681
up €17,681, from -€17,630 to €52
- Debts after one year -€4,617
down €4,617 (-3.5%), from €130,115 to €125,498
- Tax, wage and social debts -€4,142
down €4,142 (-34.1%), from €12,136 to €7,995
- Gross operating margin +€24,400
up €24,400 (+193%), from €12,626 to €37,027
- Taxes +€3,788
new in 2025: €3,788
- Other operating charges +€3,262
up €3,262 (+842%), from €387 to €3,649
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 | €176,050 | €161,536 | -€14,514 | -8.2% |
| Formation expenses | 20 | - | €0 | = | |
| Fixed assets | 21/28 | €151,526 | €147,068 | -€4,458 | -2.9% |
| Tangible fixed assets | 22/27 | €151,526 | €147,068 | -€4,458 | -2.9% |
| Land and buildings | 22 | €151,526 | €147,068 | -€4,458 | -2.9% |
| Current assets | 29/58 | €24,524 | €14,468 | -€10,056 | -41.0% |
| Amounts receivable within one year | 40/41 | €24,357 | €12,740 | -€11,617 | -47.7% |
| Trade receivables | 40 | €24,357 | €12,740 | -€11,617 | -47.7% |
| Cash at bank and in hand | 54/58 | €167 | €1,728 | +€1,561 | +932% |
| Total equity and liabilities | 10/49 | €176,050 | €161,536 | -€14,514 | -8.2% |
| Equity | 10/15 | -€12,630 | €5,052 | +€17,681 | |
| Contributions | 10/11 | €5,000 | €5,000 | = | 0.0% |
| Capital | 10 | - | €5,000 | +€5,000 | |
| Issued capital | 100 | - | €5,000 | +€5,000 | |
| Profit (loss) carried forward | 14 | -€17,630 | €52 | +€17,681 | |
| Amounts payable | 17/49 | €188,680 | €156,485 | -€32,195 | -17.1% |
| Amounts payable after more than one year | 17 | €130,115 | €125,498 | -€4,617 | -3.5% |
| Financial debts | 170/4 | €130,115 | €125,498 | -€4,617 | -3.5% |
| Amounts payable within one year | 42/48 | €58,565 | €30,986 | -€27,579 | -47.1% |
| Current portion of amounts payable after more than one year | 42 | €4,468 | €4,617 | +€148 | +3.3% |
| Trade debts | 44 | €4,326 | €3,391 | -€935 | -21.6% |
| Suppliers | 440/4 | €4,326 | €3,391 | -€935 | -21.6% |
| Taxes, remuneration and social security | 45 | €12,136 | €7,995 | -€4,142 | -34.1% |
| Taxes | 450/3 | €12,136 | €7,995 | -€4,142 | -34.1% |
| Other amounts payable | 47/48 | €37,634 | €14,984 | -€22,650 | -60.2% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €4,458 | €4,458 | = | 0.0% |
| Other operating charges | 640/8 | €387 | €3,649 | +€3,262 | +842% |
| Gross operating margin | 9900 | €12,626 | €37,027 | +€24,400 | +193% |
| Operating profit (loss) | 9901 | €7,781 | €28,919 | +€21,138 | +272% |
| Financial charges | 65/66B | €7,133 | €7,450 | +€317 | +4.4% |
| Recurring financial charges | 65 | €7,133 | €7,450 | +€317 | +4.4% |
| Profit (loss) for the period before taxes | 9903 | €648 | €21,469 | +€20,821 | +3,213% |
| Income taxes | 67/77 | - | €3,788 | +€3,788 | |
| Profit (loss) for the period | 9904 | €648 | €17,681 | +€17,033 | +2,629% |
| Profit (loss) for the period to be appropriated | 9905 | €648 | €17,681 | +€17,033 | +2,629% |
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 29 October 2026 via checked.be.