BELGO RESTO-BAR: what changed
BELGO RESTO-BAR
Largest movements
- Tangible fixed assets +€19,577
up €19,577 (+49.1%), from €39,858 to €59,436
of which Other tangible fixed assets: +€18,519
- Cash -€11,602
down €11,602 (-4.8%), from €239,417 to €227,816
mainly Investment in fixed assets (net) (-€30,655) and Tax, wage and social debts (-€28,985)
- Stocks and contracts -€5,174
down €5,174 (-21.6%), from €23,973 to €18,799
- Tax, wage and social debts -€28,985
down €28,985 (-49.5%), from €58,588 to €29,603
of which Remuneration and social security: -€15,511
- Reserves +€27,630
up €27,630 (+14.5%), from €190,520 to €218,150
- Other debts +€9,215
new in 2025: €9,215
- Trade debts -€3,434
down €3,434 (-5.0%), from €69,058 to €65,624
- Staff costs +€21,658
up €21,658 (+16.1%), from €134,867 to €156,525
- Purchases and services -€16,826
down €16,826 (-3.0%), from €565,725 to €548,899
- Gross operating margin +€9,375
up €9,375 (+4.4%), from €212,786 to €222,160
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.
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.
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €325,954 | €330,214 | +€4,261 | +1.3% |
| Fixed assets | 21/28 | €39,858 | €59,436 | +€19,577 | +49.1% |
| Tangible fixed assets | 22/27 | €39,858 | €59,436 | +€19,577 | +49.1% |
| Land and buildings | 22 | - | €4,737 | +€4,737 | |
| Plant, machinery and equipment | 23 | €11,651 | €8,966 | -€2,685 | -23.0% |
| Furniture and vehicles | 24 | €1,176 | €183 | -€994 | -84.5% |
| Other tangible fixed assets | 26 | €27,031 | €45,550 | +€18,519 | +68.5% |
| Current assets | 29/58 | €286,096 | €270,779 | -€15,317 | -5.4% |
| Stocks and contracts in progress | 3 | €23,973 | €18,799 | -€5,174 | -21.6% |
| Stocks | 30/36 | €23,973 | €18,799 | -€5,174 | -21.6% |
| Amounts receivable within one year | 40/41 | €22,103 | €23,618 | +€1,515 | +6.9% |
| Trade receivables | 40 | €22,103 | €23,618 | +€1,515 | +6.9% |
| Other amounts receivable | 41 | €0 | €0 | = | |
| Cash at bank and in hand | 54/58 | €239,417 | €227,816 | -€11,602 | -4.8% |
| Deferred charges and accrued income | 490/1 | €603 | €547 | -€56 | -9.3% |
| Total equity and liabilities | 10/49 | €325,954 | €330,214 | +€4,261 | +1.3% |
| Equity | 10/15 | €197,482 | €225,113 | +€27,630 | +14.0% |
| Contributions | 10/11 | €6,200 | €6,200 | = | 0.0% |
| Reserves | 13 | €190,520 | €218,150 | +€27,630 | +14.5% |
| Distributable reserves | 133 | €190,520 | €218,150 | +€27,630 | +14.5% |
| Profit (loss) carried forward | 14 | €762 | €763 | +€0 | 0.0% |
| Amounts payable | 17/49 | €128,471 | €105,102 | -€23,370 | -18.2% |
| Amounts payable within one year | 42/48 | €128,471 | €105,102 | -€23,370 | -18.2% |
| Trade debts | 44 | €69,058 | €65,624 | -€3,434 | -5.0% |
| Suppliers | 440/4 | €69,058 | €65,624 | -€3,434 | -5.0% |
| Advances received on contracts in progress | 46 | €825 | €659 | -€166 | -20.1% |
| Taxes, remuneration and social security | 45 | €58,588 | €29,603 | -€28,985 | -49.5% |
| Taxes | 450/3 | €31,372 | €17,898 | -€13,474 | -42.9% |
| Remuneration and social security | 454/9 | €27,216 | €11,705 | -€15,511 | -57.0% |
| Other amounts payable | 47/48 | - | €9,215 | +€9,215 | |
| Turnover | 70 | €763,437 | €767,397 | +€3,960 | +0.5% |
| Goods, raw materials, services and sundry goods | 60/61 | €565,725 | €548,899 | -€16,826 | -3.0% |
| Remuneration, social security and pensions | 62 | €134,867 | €156,525 | +€21,658 | +16.1% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €9,921 | €11,078 | +€1,157 | +11.7% |
| Other operating charges | 640/8 | €1,917 | €2,426 | +€509 | +26.6% |
| Gross operating margin | 9900 | €212,786 | €222,160 | +€9,375 | +4.4% |
| Operating profit (loss) | 9901 | €66,081 | €52,131 | -€13,950 | -21.1% |
| Financial income | 75/76B | €383 | €94 | -€290 | -75.5% |
| Recurring financial income | 75 | €383 | €94 | -€290 | -75.5% |
| Financial charges | 65/66B | €134 | €731 | +€597 | +446% |
| Recurring financial charges | 65 | €134 | €731 | +€597 | +446% |
| Profit (loss) for the period before taxes | 9903 | €66,331 | €51,494 | -€14,837 | -22.4% |
| Income taxes | 67/77 | €18,707 | €14,163 | -€4,544 | -24.3% |
| Profit (loss) for the period | 9904 | €47,623 | €37,330 | -€10,293 | -21.6% |
| Profit (loss) for the period to be appropriated | 9905 | €47,623 | €37,330 | -€10,293 | -21.6% |
Next steps
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 7 November 2026 via checked.be.