203 BXL: what changed
What changed
203 BXL
NACE 56.111, Full-service restaurants
filed annual accounts (NBB)
Net result for the year
€104,811
2024 · €117,541-€12,730
Equity
€298,649
2024 · €311,485-€12,836
Cash
€43,050
2024 · €28,776+€14,275
Balance sheet total
€712,920
2024 · €628,592+€84,328
Largest movements
Assets
- Receivables within one year +€39,972
up €39,972 (+103%), from €38,830 to €78,802
of which Trade receivables: +€37,693
- Tangible fixed assets +€26,824
up €26,824 (+4.9%), from €543,436 to €570,259
of which Other tangible fixed assets: +€46,071
- Cash +€14,275
up €14,275 (+49.6%), from €28,776 to €43,050
mainly Net result for the year (+€104,811) and Depreciation (+€45,744)
Equity and liabilities
- Reserves -€117,647
down €117,647 (-40.4%), from €291,000 to €173,353
- Profit (loss) carried forward +€104,811
up €104,811 (+413,293%), from €25 to €104,836
- Trade debts +€37,770
up €37,770 (+442%), from €8,542 to €46,313
- Current portion of long-term debt +€31,738
new in 2025: €31,738
- Tax, wage and social debts +€27,762
up €27,762 (+104%), from €26,570 to €54,332
of which Taxes: +€22,810
Income statement
- Gross operating margin -€13,625
down €13,625 (-3.9%), from €352,281 to €338,656
- Depreciation +€6,958
up €6,958 (+17.9%), from €38,787 to €45,744
- Taxes -€6,625
down €6,625 (-14.9%), from €44,527 to €37,902
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.
Result 2024
€117,541
Gross operating margin
-€13,625
Staff costs
+€874
Depreciation
-€6,958
Other operating charges
+€1,764
Financial income
+€311
Financial charges
-€1,721
Taxes
+€6,625
Result 2025
€104,811
raises the resultlowers the result
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.
From operations
+€173,711
Investment
-€74,818
Financing
-€84,619
Cash 2024
€28,776
From operations (derived)
+€173,711
Net result for the year
+€104,811
Depreciation
+€45,744
Stocks and contracts
+€101
Receivables within one year
-€39,972
Deferred charges and accrued income
-€1,109
Trade debts
+€37,770
Tax, wage and social debts
+€27,762
Other debts
-€1,006
Accrued charges and deferred income
-€391
Investment (derived)
-€74,818
Investment in fixed assets (net)
-€74,818
Financing
-€84,619
Debts after one year
+€1,290
Current portion of long-term debt
+€31,738
Contributions, distributions and other
-€117,647
Cash 2025
€43,050
brings cash intakes cash out
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €628,592 | €712,920 | +€84,328 | +13.4% |
| Fixed assets | 21/28 | €546,436 | €575,509 | +€29,074 | +5.3% |
| Tangible fixed assets | 22/27 | €543,436 | €570,259 | +€26,824 | +4.9% |
| Land and buildings | 22 | €456,089 | €442,584 | -€13,505 | -3.0% |
| Furniture and vehicles | 24 | €44,593 | €38,851 | -€5,743 | -12.9% |
| Other tangible fixed assets | 26 | €42,754 | €88,825 | +€46,071 | +108% |
| Financial fixed assets | 28 | €3,000 | €5,250 | +€2,250 | +75.0% |
| Current assets | 29/58 | €82,156 | €137,410 | +€55,255 | +67.3% |
| Stocks and contracts in progress | 3 | €14,550 | €14,449 | -€101 | -0.7% |
| Stocks | 30/36 | €14,550 | €14,449 | -€101 | -0.7% |
| Amounts receivable within one year | 40/41 | €38,830 | €78,802 | +€39,972 | +103% |
| Trade receivables | 40 | €3,512 | €41,205 | +€37,693 | +1,073% |
| Other amounts receivable | 41 | €35,318 | €37,598 | +€2,279 | +6.5% |
| Cash at bank and in hand | 54/58 | €28,776 | €43,050 | +€14,275 | +49.6% |
| Deferred charges and accrued income | 490/1 | - | €1,109 | +€1,109 | |
| Total equity and liabilities | 10/49 | €628,592 | €712,920 | +€84,328 | +13.4% |
| Equity | 10/15 | €311,485 | €298,649 | -€12,836 | -4.1% |
| Contributions | 10/11 | €20,460 | €20,460 | = | 0.0% |
| Contributions outside capital | 11 | €20,460 | €20,460 | = | 0.0% |
| Other | 1109/19 | €20,460 | €20,460 | = | 0.0% |
| Reserves | 13 | €291,000 | €173,353 | -€117,647 | -40.4% |
| Distributable reserves | 133 | €291,000 | €173,353 | -€117,647 | -40.4% |
| Profit (loss) carried forward | 14 | €25 | €104,836 | +€104,811 | +413,293% |
| Amounts payable | 17/49 | €317,106 | €414,270 | +€97,164 | +30.6% |
| Amounts payable after more than one year | 17 | €279,014 | €280,305 | +€1,290 | +0.5% |
| Financial debts | 170/4 | €279,014 | €280,305 | +€1,290 | +0.5% |
| Amounts payable within one year | 42/48 | €37,450 | €133,716 | +€96,265 | +257% |
| Current portion of amounts payable after more than one year | 42 | - | €31,738 | +€31,738 | |
| Trade debts | 44 | €8,542 | €46,313 | +€37,770 | +442% |
| Suppliers | 440/4 | €8,542 | €46,313 | +€37,770 | +442% |
| Taxes, remuneration and social security | 45 | €26,570 | €54,332 | +€27,762 | +104% |
| Taxes | 450/3 | €14,149 | €36,959 | +€22,810 | +161% |
| Remuneration and social security | 454/9 | €12,421 | €17,373 | +€4,952 | +39.9% |
| Other amounts payable | 47/48 | €2,338 | €1,332 | -€1,006 | -43.0% |
| Accrued charges and deferred income | 492/3 | €642 | €250 | -€391 | -61.0% |
| Remuneration, social security and pensions | 62 | €136,777 | €135,903 | -€874 | -0.6% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €38,787 | €45,744 | +€6,958 | +17.9% |
| Other operating charges | 640/8 | €2,615 | €851 | -€1,764 | -67.5% |
| Gross operating margin | 9900 | €352,281 | €338,656 | -€13,625 | -3.9% |
| Operating profit (loss) | 9901 | €174,102 | €156,157 | -€17,945 | -10.3% |
| Financial income | 75/76B | €1,669 | €1,980 | +€311 | +18.7% |
| Recurring financial income | 75 | €1,669 | €1,980 | +€311 | +18.7% |
| Financial charges | 65/66B | €13,703 | €15,424 | +€1,721 | +12.6% |
| Recurring financial charges | 65 | €13,703 | €15,424 | +€1,721 | +12.6% |
| Profit (loss) for the period before taxes | 9903 | €162,068 | €142,713 | -€19,355 | -11.9% |
| Income taxes | 67/77 | €44,527 | €37,902 | -€6,625 | -14.9% |
| Profit (loss) for the period | 9904 | €117,541 | €104,811 | -€12,730 | -10.8% |
| Profit (loss) for the period to be appropriated | 9905 | €117,541 | €104,811 | -€12,730 | -10.8% |
Next steps
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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 8 November 2026 via checked.be.