WHAT'S COOKING: 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.
WHAT'S COOKING
Largest movements
- Cash +€160,957
up €160,957 (+328%), from €49,048 to €210,006
mainly Current investments (+€91,496) and Net result for the year (+€44,166)
- Current investments -€91,496
down €91,496 (-66.2%), from €138,183 to €46,687
- Receivables within one year -€28,120
down €28,120 (-76.4%), from €36,821 to €8,701
of which Trade receivables: -€24,714
- Tangible fixed assets -€15,200
down €15,200 (-26.3%), from €57,826 to €42,627
of which Furniture and vehicles: -€14,186
- Reserves +€44,166
up €44,166 (+30.6%), from €144,152 to €188,318
of which Distributable reserves: +€44,166
- Other debts -€12,214
down €12,214 (-15.0%), from €81,604 to €69,389
- Debts after one year -€9,636
no longer reported in 2025 (was €9,636)
- Tax, wage and social debts +€6,693
up €6,693 (+237%), from €2,827 to €9,520
- Trade debts -€4,069
down €4,069 (-32.9%), from €12,387 to €8,318
- Gross operating margin +€45,255
up €45,255 (+133%), from €34,066 to €79,321
- Taxes +€7,097
up €7,097 (+78.1%), from €9,084 to €16,181
- Financial income +€937
up €937 (+207%), from €454 to €1,390
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 | €285,032 | €309,971 | +€24,939 | +8.7% |
| Fixed assets | 21/28 | €57,826 | €42,627 | -€15,200 | -26.3% |
| Tangible fixed assets | 22/27 | €57,826 | €42,627 | -€15,200 | -26.3% |
| Plant, machinery and equipment | 23 | €3,907 | €2,948 | -€960 | -24.6% |
| Furniture and vehicles | 24 | €53,864 | €39,679 | -€14,186 | -26.3% |
| Other tangible fixed assets | 26 | €54 | - | -€54 | |
| Current assets | 29/58 | €227,206 | €267,345 | +€40,139 | +17.7% |
| Amounts receivable within one year | 40/41 | €36,821 | €8,701 | -€28,120 | -76.4% |
| Trade receivables | 40 | €24,714 | - | -€24,714 | |
| Other amounts receivable | 41 | €12,106 | €8,701 | -€3,406 | -28.1% |
| Current investments | 50/53 | €138,183 | €46,687 | -€91,496 | -66.2% |
| Cash at bank and in hand | 54/58 | €49,048 | €210,006 | +€160,957 | +328% |
| Deferred charges and accrued income | 490/1 | €3,154 | €1,951 | -€1,203 | -38.1% |
| Total equity and liabilities | 10/49 | €285,032 | €309,971 | +€24,939 | +8.7% |
| Equity | 10/15 | €168,941 | €213,108 | +€44,166 | +26.1% |
| Contributions | 10/11 | €24,789 | €24,789 | = | 0.0% |
| Reserves | 13 | €144,152 | €188,318 | +€44,166 | +30.6% |
| Non-distributable reserves | 130/1 | €2,479 | €2,479 | = | 0.0% |
| Reserves not available under the articles | 1311 | €2,479 | €2,479 | = | 0.0% |
| Tax-exempt reserves | 132 | €13,094 | €13,094 | = | 0.0% |
| Distributable reserves | 133 | €128,579 | €172,745 | +€44,166 | +34.3% |
| Amounts payable | 17/49 | €116,091 | €96,864 | -€19,227 | -16.6% |
| Amounts payable after more than one year | 17 | €9,636 | - | -€9,636 | |
| Financial debts | 170/4 | €9,636 | - | -€9,636 | |
| Amounts payable within one year | 42/48 | €106,454 | €96,864 | -€9,591 | -9.0% |
| Current portion of amounts payable after more than one year | 42 | €9,636 | €9,636 | = | 0.0% |
| Trade debts | 44 | €12,387 | €8,318 | -€4,069 | -32.9% |
| Suppliers | 440/4 | €12,387 | €8,318 | -€4,069 | -32.9% |
| Taxes, remuneration and social security | 45 | €2,827 | €9,520 | +€6,693 | +237% |
| Taxes | 450/3 | €2,827 | €9,520 | +€6,693 | +237% |
| Other amounts payable | 47/48 | €81,604 | €69,389 | -€12,214 | -15.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €17,818 | €17,594 | -€224 | -1.3% |
| Other operating charges | 640/8 | €559 | €529 | -€30 | -5.4% |
| Non-recurring operating charges | 66A | - | €1,324 | +€1,324 | |
| Gross operating margin | 9900 | €34,066 | €79,321 | +€45,255 | +133% |
| Operating profit (loss) | 9901 | €15,690 | €59,875 | +€44,185 | +282% |
| Financial income | 75/76B | €454 | €1,390 | +€937 | +207% |
| Recurring financial income | 75 | €454 | €1,390 | +€937 | +207% |
| Financial charges | 65/66B | €1,367 | €918 | -€449 | -32.9% |
| Recurring financial charges | 65 | €1,367 | €918 | -€449 | -32.9% |
| Profit (loss) for the period before taxes | 9903 | €14,776 | €60,347 | +€45,571 | +308% |
| Income taxes | 67/77 | €9,084 | €16,181 | +€7,097 | +78.1% |
| Profit (loss) for the period | 9904 | €5,692 | €44,166 | +€38,474 | +676% |
| Profit (loss) for the period to be appropriated | 9905 | €5,692 | €44,166 | +€38,474 | +676% |
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.