ARGENDAEL RESTAURANT: 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 changed
ARGENDAEL RESTAURANT
NACE 56.111, Full-service restaurants
financial year 2025 compared with 2024filed annual accounts (NBB)
Net result for the year
€10,704
2024 · €20,864-€10,160
Equity
€113,010
2024 · €102,306+€10,704
Cash
€37,958
2024 · €12,526+€25,432
Balance sheet total
€719,400
2024 · €752,602-€33,202
Largest movements
Assets
- Tangible fixed assets -€54,633
down €54,633 (-8.3%), from €661,341 to €606,708
of which Land and buildings: -€36,222
- Cash +€25,432
up €25,432 (+203%), from €12,526 to €37,958
mainly Depreciation (+€73,523) and Trade debts (+€14,403)
Equity and liabilities
- Debts after one year -€60,264
down €60,264 (-17.7%), from €341,316 to €281,052
- Trade debts +€14,403
up €14,403 (+28.9%), from €49,794 to €64,197
- Reserves +€10,704
up €10,704 (+13.0%), from €82,306 to €93,010
Income statement
- Gross operating margin -€31,153
down €31,153 (-9.8%), from €317,860 to €286,707
- Staff costs -€20,886
down €20,886 (-10.3%), from €202,092 to €181,206
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.
Result 2024
€20,864
Gross operating margin
-€31,153
Staff costs
+€20,886
Depreciation
-€1,060
Other operating charges
+€1,817
Financial income
+€458
Financial charges
-€1,114
Taxes
+€6
Result 2025
€10,704
raises the resultlowers the result
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.
From operations
+€103,975
Investment
-€18,428
Financing
-€60,115
Cash 2024
€12,526
From operations (derived)
+€103,975
Net result for the year
+€10,704
Depreciation
+€73,523
Stocks and contracts
+€1,123
Receivables within one year
+€3,998
Deferred charges and accrued income
-€1,582
Trade debts
+€14,403
Tax, wage and social debts
-€675
Advances received
+€2,508
Other debts
-€26
Investment (derived)
-€18,428
Investment in fixed assets (net)
-€18,428
Financing
-€60,115
Debts after one year
-€60,264
Current portion of long-term debt
+€150
Cash 2025
€37,958
brings cash intakes cash out
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €752,602 | €719,400 | -€33,202 | -4.4% |
| Fixed assets | 21/28 | €661,803 | €606,708 | -€55,095 | -8.3% |
| Intangible fixed assets | 21 | €462 | €0 | -€462 | -100% |
| Tangible fixed assets | 22/27 | €661,341 | €606,708 | -€54,633 | -8.3% |
| Land and buildings | 22 | €463,056 | €426,834 | -€36,222 | -7.8% |
| Plant, machinery and equipment | 23 | €18,912 | €15,016 | -€3,896 | -20.6% |
| Furniture and vehicles | 24 | €5,044 | €6,234 | +€1,190 | +23.6% |
| Other tangible fixed assets | 26 | €174,329 | €158,624 | -€15,706 | -9.0% |
| Current assets | 29/58 | €90,799 | €112,692 | +€21,893 | +24.1% |
| Stocks and contracts in progress | 3 | €44,041 | €42,918 | -€1,123 | -2.5% |
| Stocks | 30/36 | €44,041 | €42,918 | -€1,123 | -2.5% |
| Amounts receivable within one year | 40/41 | €32,910 | €28,912 | -€3,998 | -12.1% |
| Trade receivables | 40 | €20,416 | €21,867 | +€1,451 | +7.1% |
| Other amounts receivable | 41 | €12,494 | €7,046 | -€5,449 | -43.6% |
| Cash at bank and in hand | 54/58 | €12,526 | €37,958 | +€25,432 | +203% |
| Deferred charges and accrued income | 490/1 | €1,321 | €2,904 | +€1,582 | +120% |
| Total equity and liabilities | 10/49 | €752,602 | €719,400 | -€33,202 | -4.4% |
| Equity | 10/15 | €102,306 | €113,010 | +€10,704 | +10.5% |
| Contributions | 10/11 | €20,000 | €20,000 | = | 0.0% |
| Reserves | 13 | €82,306 | €93,010 | +€10,704 | +13.0% |
| Distributable reserves | 133 | €82,306 | €93,010 | +€10,704 | +13.0% |
| Amounts payable | 17/49 | €650,295 | €606,390 | -€43,906 | -6.8% |
| Amounts payable after more than one year | 17 | €341,316 | €281,052 | -€60,264 | -17.7% |
| Financial debts | 170/4 | €341,316 | €281,052 | -€60,264 | -17.7% |
| Amounts payable within one year | 42/48 | €307,879 | €324,238 | +€16,359 | +5.3% |
| Current portion of amounts payable after more than one year | 42 | €60,115 | €60,264 | +€150 | +0.2% |
| Trade debts | 44 | €49,794 | €64,197 | +€14,403 | +28.9% |
| Suppliers | 440/4 | €49,794 | €64,197 | +€14,403 | +28.9% |
| Advances received on contracts in progress | 46 | €5,442 | €7,950 | +€2,508 | +46.1% |
| Taxes, remuneration and social security | 45 | €29,859 | €29,184 | -€675 | -2.3% |
| Taxes | 450/3 | €16,573 | €17,102 | +€529 | +3.2% |
| Remuneration and social security | 454/9 | €13,286 | €12,082 | -€1,204 | -9.1% |
| Other amounts payable | 47/48 | €162,669 | €162,643 | -€26 | 0.0% |
| Accrued charges and deferred income | 492/3 | €1,100 | €1,100 | = | 0.0% |
| Remuneration, social security and pensions | 62 | €202,092 | €181,206 | -€20,886 | -10.3% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €72,463 | €73,523 | +€1,060 | +1.5% |
| Other operating charges | 640/8 | €14,034 | €12,217 | -€1,817 | -12.9% |
| Gross operating margin | 9900 | €317,860 | €286,707 | -€31,153 | -9.8% |
| Operating profit (loss) | 9901 | €29,272 | €19,761 | -€9,510 | -32.5% |
| Financial income | 75/76B | €60 | €518 | +€458 | +760% |
| Recurring financial income | 75 | €60 | €518 | +€458 | +760% |
| Financial charges | 65/66B | €8,208 | €9,322 | +€1,114 | +13.6% |
| Recurring financial charges | 65 | €8,208 | €9,322 | +€1,114 | +13.6% |
| Profit (loss) for the period before taxes | 9903 | €21,124 | €10,958 | -€10,166 | -48.1% |
| Income taxes | 67/77 | €261 | €254 | -€6 | -2.4% |
| Profit (loss) for the period | 9904 | €20,864 | €10,704 | -€10,160 | -48.7% |
| Profit (loss) for the period to be appropriated | 9905 | €20,864 | €10,704 | -€10,160 | -48.7% |
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 24 October 2026 via checked.be.