BAUDEWIJNS BERNARD: 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
BAUDEWIJNS BERNARD
NACE 56.111, Full-service restaurants
financial year 2025 compared with 2024filed annual accounts (NBB)
Net result for the year
€25,838
2024 · €43,368-€17,530
Equity
€288,426
2024 · €303,709-€15,282
Cash
€12,012
2024 · €13,400-€1,388
Balance sheet total
€1.2m
2024 · €1.2m+€1,447
Largest movements
Assets
- Current investments +€69,845
up €69,845 (+47.7%), from €146,423 to €216,268
- Tangible fixed assets -€51,712
down €51,712 (-6.0%), from €868,382 to €816,670
of which Land and buildings: -€49,790
- Receivables within one year -€23,135
down €23,135 (-67.5%), from €34,289 to €11,154
of which Other amounts receivable: -€24,947
Equity and liabilities
- Reserves -€15,282
down €15,282 (-5.5%), from €279,505 to €264,222
Income statement
- Staff costs +€40,255
up €40,255 (+77.9%), from €51,671 to €91,926
- Gross operating margin +€26,769
up €26,769 (+11.6%), from €230,061 to €256,829
- Financial charges +€8,292
up €8,292 (+14.3%), from €57,790 to €66,083
- Taxes -€5,100
down €5,100 (-30.4%), from €16,798 to €11,698
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
€43,368
Gross operating margin
+€26,769
Staff costs
-€40,255
Depreciation
+€251
Other operating charges
-€980
Financial income
-€122
Financial charges
-€8,292
Taxes
+€5,100
Result 2025
€25,838
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
+€103,339
Investment
-€73,728
Financing
-€31,000
Cash 2024
€13,400
From operations (derived)
+€103,339
Net result for the year
+€25,838
Depreciation
+€55,594
Stocks and contracts
-€8,004
Receivables within one year
+€23,135
Smaller working-capital items
+€203
Trade debts
-€7,875
Tax, wage and social debts
+€9,523
Other debts
+€4,926
Investment (derived)
-€73,728
Investment in fixed assets (net)
-€3,882
Current investments
-€69,845
Financing
-€31,000
Debts after one year
+€9,034
Current portion of long-term debt
+€1,086
Contributions, distributions and other
-€41,120
Cash 2025
€12,012
brings cash intakes cash out
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €1,183,421 | €1,184,868 | +€1,447 | +0.1% |
| Fixed assets | 21/28 | €868,382 | €816,670 | -€51,712 | -6.0% |
| Tangible fixed assets | 22/27 | €868,382 | €816,670 | -€51,712 | -6.0% |
| Land and buildings | 22 | €846,542 | €796,752 | -€49,790 | -5.9% |
| Plant, machinery and equipment | 23 | €19,940 | €19,024 | -€915 | -4.6% |
| Furniture and vehicles | 24 | €1,413 | €893 | -€519 | -36.8% |
| Other tangible fixed assets | 26 | €488 | - | -€488 | |
| Current assets | 29/58 | €315,039 | €368,198 | +€53,159 | +16.9% |
| Stocks and contracts in progress | 3 | €120,216 | €128,220 | +€8,004 | +6.7% |
| Stocks | 30/36 | €120,216 | €128,220 | +€8,004 | +6.7% |
| Amounts receivable within one year | 40/41 | €34,289 | €11,154 | -€23,135 | -67.5% |
| Trade receivables | 40 | - | €1,813 | +€1,813 | |
| Other amounts receivable | 41 | €34,289 | €9,342 | -€24,947 | -72.8% |
| Current investments | 50/53 | €146,423 | €216,268 | +€69,845 | +47.7% |
| Cash at bank and in hand | 54/58 | €13,400 | €12,012 | -€1,388 | -10.4% |
| Deferred charges and accrued income | 490/1 | €711 | €543 | -€168 | -23.6% |
| Total equity and liabilities | 10/49 | €1,183,421 | €1,184,868 | +€1,447 | +0.1% |
| Equity | 10/15 | €303,709 | €288,426 | -€15,282 | -5.0% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Revaluation surpluses | 12 | €5,124 | €5,124 | = | 0.0% |
| Reserves | 13 | €279,505 | €264,222 | -€15,282 | -5.5% |
| Distributable reserves | 133 | €279,505 | €264,222 | -€15,282 | -5.5% |
| Profit (loss) carried forward | 14 | €480 | €480 | = | 0.0% |
| Amounts payable | 17/49 | €879,713 | €896,442 | +€16,729 | +1.9% |
| Amounts payable after more than one year | 17 | €780,129 | €789,163 | +€9,034 | +1.2% |
| Financial debts | 170/4 | €585,129 | €524,163 | -€60,966 | -10.4% |
| Other amounts payable | 178/9 | €195,000 | €265,000 | +€70,000 | +35.9% |
| Amounts payable within one year | 42/48 | €97,838 | €105,498 | +€7,660 | +7.8% |
| Current portion of amounts payable after more than one year | 42 | €59,880 | €60,966 | +€1,086 | +1.8% |
| Trade debts | 44 | €23,724 | €15,848 | -€7,875 | -33.2% |
| Suppliers | 440/4 | €23,724 | €15,848 | -€7,875 | -33.2% |
| Taxes, remuneration and social security | 45 | €13,054 | €22,577 | +€9,523 | +73.0% |
| Taxes | 450/3 | €7,011 | €14,628 | +€7,617 | +109% |
| Remuneration and social security | 454/9 | €6,043 | €7,948 | +€1,905 | +31.5% |
| Other amounts payable | 47/48 | €1,181 | €6,108 | +€4,926 | +417% |
| Accrued charges and deferred income | 492/3 | €1,746 | €1,780 | +€35 | +2.0% |
| Remuneration, social security and pensions | 62 | €51,671 | €91,926 | +€40,255 | +77.9% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €55,845 | €55,594 | -€251 | -0.4% |
| Other operating charges | 640/8 | €5,782 | €6,761 | +€980 | +16.9% |
| Gross operating margin | 9900 | €230,061 | €256,829 | +€26,769 | +11.6% |
| Operating profit (loss) | 9901 | €116,763 | €102,548 | -€14,215 | -12.2% |
| Financial income | 75/76B | €1,192 | €1,070 | -€122 | -10.3% |
| Recurring financial income | 75 | €1,192 | €1,070 | -€122 | -10.3% |
| Financial charges | 65/66B | €57,790 | €66,083 | +€8,292 | +14.3% |
| Recurring financial charges | 65 | €57,790 | €66,083 | +€8,292 | +14.3% |
| Profit (loss) for the period before taxes | 9903 | €60,165 | €37,536 | -€22,629 | -37.6% |
| Income taxes | 67/77 | €16,798 | €11,698 | -€5,100 | -30.4% |
| Profit (loss) for the period | 9904 | €43,368 | €25,838 | -€17,530 | -40.4% |
| Profit (loss) for the period to be appropriated | 9905 | €43,368 | €25,838 | -€17,530 | -40.4% |
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 30 October 2026 via checked.be.