Aperitivo M&R: 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.
Aperitivo M&R
Largest movements
- Tangible fixed assets -€29,339
down €29,339 (-30.7%), from €95,599 to €66,260
of which Furniture and vehicles: -€16,513
- Cash +€10,682
up €10,682 (+7.2%), from €148,726 to €159,409
mainly Net result for the year (+€54,336) and Depreciation (+€43,151)
- Tax, wage and social debts +€19,993
up €19,993 (+37.5%), from €53,347 to €73,340
of which Taxes: +€21,621
- Current portion of long-term debt -€14,337
down €14,337 (-81.3%), from €17,645 to €3,308
- Other debts -€11,045
down €11,045 (-67.5%), from €16,373 to €5,328
- Reserves -€5,664
down €5,664 (-4.2%), from €135,106 to €129,442
- Debts after one year -€3,661
down €3,661 (-65.1%), from €5,622 to €1,960
of which Financial debts: -€3,308
- Staff costs +€36,586
up €36,586 (+10.9%), from €337,074 to €373,660
- Gross operating margin +€23,215
up €23,215 (+4.9%), from €473,158 to €496,373
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 | €270,251 | €255,058 | -€15,193 | -5.6% |
| Fixed assets | 21/28 | €99,518 | €69,541 | -€29,977 | -30.1% |
| Tangible fixed assets | 22/27 | €95,599 | €66,260 | -€29,339 | -30.7% |
| Plant, machinery and equipment | 23 | €44,218 | €31,392 | -€12,826 | -29.0% |
| Furniture and vehicles | 24 | €51,381 | €34,868 | -€16,513 | -32.1% |
| Financial fixed assets | 28 | €3,919 | €3,281 | -€638 | -16.3% |
| Current assets | 29/58 | €170,733 | €185,517 | +€14,784 | +8.7% |
| Stocks and contracts in progress | 3 | €9,170 | €10,210 | +€1,040 | +11.3% |
| Stocks | 30/36 | €9,170 | €10,210 | +€1,040 | +11.3% |
| Amounts receivable within one year | 40/41 | €2,581 | €4,127 | +€1,546 | +59.9% |
| Trade receivables | 40 | €2,581 | €3,614 | +€1,033 | +40.0% |
| Other amounts receivable | 41 | - | €513 | +€513 | |
| Cash at bank and in hand | 54/58 | €148,726 | €159,409 | +€10,682 | +7.2% |
| Deferred charges and accrued income | 490/1 | €10,256 | €11,771 | +€1,516 | +14.8% |
| Total equity and liabilities | 10/49 | €270,251 | €255,058 | -€15,193 | -5.6% |
| Equity | 10/15 | €141,306 | €135,642 | -€5,664 | -4.0% |
| Contributions | 10/11 | €6,200 | €6,200 | = | 0.0% |
| Reserves | 13 | €135,106 | €129,442 | -€5,664 | -4.2% |
| Distributable reserves | 133 | €135,106 | €129,442 | -€5,664 | -4.2% |
| Profit (loss) carried forward | 14 | - | €0 | = | |
| Amounts payable | 17/49 | €128,945 | €119,416 | -€9,529 | -7.4% |
| Amounts payable after more than one year | 17 | €5,622 | €1,960 | -€3,661 | -65.1% |
| Financial debts | 170/4 | €5,268 | €1,960 | -€3,308 | -62.8% |
| Trade debts | 175 | €353 | €0 | -€353 | -100% |
| Amounts payable within one year | 42/48 | €123,323 | €117,455 | -€5,868 | -4.8% |
| Current portion of amounts payable after more than one year | 42 | €17,645 | €3,308 | -€14,337 | -81.3% |
| Financial debts | 43 | €5,000 | €5,000 | = | 0.0% |
| Credit institutions | 430/8 | €5,000 | €5,000 | = | 0.0% |
| Trade debts | 44 | €27,777 | €26,631 | -€1,146 | -4.1% |
| Suppliers | 440/4 | €27,777 | €26,631 | -€1,146 | -4.1% |
| Advances received on contracts in progress | 46 | €3,181 | €3,848 | +€667 | +21.0% |
| Taxes, remuneration and social security | 45 | €53,347 | €73,340 | +€19,993 | +37.5% |
| Taxes | 450/3 | €27,036 | €48,657 | +€21,621 | +80.0% |
| Remuneration and social security | 454/9 | €26,312 | €24,684 | -€1,628 | -6.2% |
| Other amounts payable | 47/48 | €16,373 | €5,328 | -€11,045 | -67.5% |
| Remuneration, social security and pensions | 62 | €337,074 | €373,660 | +€36,586 | +10.9% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €39,652 | €43,151 | +€3,499 | +8.8% |
| Other operating charges | 640/8 | €4,483 | €4,663 | +€179 | +4.0% |
| Gross operating margin | 9900 | €473,158 | €496,373 | +€23,215 | +4.9% |
| Operating profit (loss) | 9901 | €91,949 | €74,899 | -€17,049 | -18.5% |
| Financial income | 75/76B | €1 | €122 | +€121 | +16,788% |
| Recurring financial income | 75 | €1 | €122 | +€121 | +16,788% |
| Financial charges | 65/66B | €7,558 | €6,198 | -€1,360 | -18.0% |
| Recurring financial charges | 65 | €7,558 | €6,198 | -€1,360 | -18.0% |
| Profit (loss) for the period before taxes | 9903 | €84,391 | €68,823 | -€15,569 | -18.4% |
| Income taxes | 67/77 | €17,289 | €14,487 | -€2,802 | -16.2% |
| Profit (loss) for the period | 9904 | €67,103 | €54,336 | -€12,767 | -19.0% |
| Profit (loss) for the period to be appropriated | 9905 | €67,103 | €54,336 | -€12,767 | -19.0% |
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 28 October 2026 via checked.be.