BISTRO 4: 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.
BISTRO 4
Largest movements
- Cash -€35,105
down €35,105 (-31.2%), from €112,499 to €77,394
mainly Other debts (-€52,101) and Investment in fixed assets (net) (-€35,118)
- Deferred charges and accrued income -€4,353
down €4,353 (-47.0%), from €9,260 to €4,907
- Receivables within one year -€2,980
down €2,980 (-11.1%), from €26,753 to €23,774
of which Trade receivables: -€3,189
- Other debts -€52,101
down €52,101 (-83.1%), from €62,726 to €10,625
- Reserves +€16,043
up €16,043 (+28.1%), from €57,047 to €73,089
of which Distributable reserves: +€16,043
- Debts after one year -€11,519
down €11,519 (-23.4%), from €49,121 to €37,602
- Short-term financial debts +€8,327
new in 2025: €8,327
- Current portion of long-term debt +€5,111
up €5,111 (+20.4%), from €25,111 to €30,222
- Staff costs -€46,437
down €46,437 (-28.8%), from €161,329 to €114,892
- Gross operating margin -€30,829
down €30,829 (-13.7%), from €224,303 to €193,473
- Financial charges -€4,789
down €4,789 (-51.3%), from €9,331 to €4,542
- Taxes +€3,345
up €3,345 (+43.1%), from €7,758 to €11,103
- Other operating charges +€2,925
up €2,925 (+78.7%), from €3,716 to €6,640
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 | €286,358 | €243,394 | -€42,964 | -15.0% |
| Fixed assets | 21/28 | €99,210 | €101,138 | +€1,928 | +1.9% |
| Tangible fixed assets | 22/27 | €99,210 | €101,138 | +€1,928 | +1.9% |
| Land and buildings | 22 | €5,494 | €3,998 | -€1,497 | -27.2% |
| Plant, machinery and equipment | 23 | €7,359 | €3,547 | -€3,812 | -51.8% |
| Furniture and vehicles | 24 | €3,453 | €3,473 | +€21 | +0.6% |
| Leasing and similar rights | 25 | €36,656 | €52,756 | +€16,100 | +43.9% |
| Other tangible fixed assets | 26 | €46,249 | €37,364 | -€8,884 | -19.2% |
| Current assets | 29/58 | €187,148 | €142,256 | -€44,891 | -24.0% |
| Stocks and contracts in progress | 3 | €38,245 | €35,791 | -€2,453 | -6.4% |
| Stocks | 30/36 | €38,245 | €35,791 | -€2,453 | -6.4% |
| Amounts receivable within one year | 40/41 | €26,753 | €23,774 | -€2,980 | -11.1% |
| Trade receivables | 40 | €26,410 | €23,220 | -€3,189 | -12.1% |
| Other amounts receivable | 41 | €344 | €553 | +€209 | +60.9% |
| Current investments | 50/53 | €390 | €390 | = | 0.0% |
| Cash at bank and in hand | 54/58 | €112,499 | €77,394 | -€35,105 | -31.2% |
| Deferred charges and accrued income | 490/1 | €9,260 | €4,907 | -€4,353 | -47.0% |
| Total equity and liabilities | 10/49 | €286,358 | €243,394 | -€42,964 | -15.0% |
| Equity | 10/15 | €78,447 | €94,489 | +€16,043 | +20.5% |
| Contributions | 10/11 | €21,400 | €21,400 | = | 0.0% |
| Reserves | 13 | €57,047 | €73,089 | +€16,043 | +28.1% |
| Non-distributable reserves | 130/1 | €0 | - | = | |
| Reserves not available under the articles | 1311 | €0 | - | = | |
| Tax-exempt reserves | 132 | €10,000 | €10,000 | = | 0.0% |
| Distributable reserves | 133 | €47,047 | €63,089 | +€16,043 | +34.1% |
| Profit (loss) carried forward | 14 | €0 | €0 | = | |
| Amounts payable | 17/49 | €207,912 | €148,905 | -€59,007 | -28.4% |
| Amounts payable after more than one year | 17 | €49,121 | €37,602 | -€11,519 | -23.4% |
| Financial debts | 170/4 | €49,121 | €37,602 | -€11,519 | -23.4% |
| Amounts payable within one year | 42/48 | €153,604 | €106,116 | -€47,488 | -30.9% |
| Current portion of amounts payable after more than one year | 42 | €25,111 | €30,222 | +€5,111 | +20.4% |
| Financial debts | 43 | - | €8,327 | +€8,327 | |
| Credit institutions | 430/8 | - | €8,327 | +€8,327 | |
| Trade debts | 44 | €44,264 | €40,003 | -€4,262 | -9.6% |
| Suppliers | 440/4 | €44,264 | €40,003 | -€4,262 | -9.6% |
| Advances received on contracts in progress | 46 | €141 | €141 | = | 0.0% |
| Taxes, remuneration and social security | 45 | €21,362 | €16,799 | -€4,564 | -21.4% |
| Taxes | 450/3 | €9,253 | €8,133 | -€1,120 | -12.1% |
| Remuneration and social security | 454/9 | €12,109 | €8,666 | -€3,444 | -28.4% |
| Other amounts payable | 47/48 | €62,726 | €10,625 | -€52,101 | -83.1% |
| Accrued charges and deferred income | 492/3 | €5,187 | €5,187 | = | 0.0% |
| Remuneration, social security and pensions | 62 | €161,329 | €114,892 | -€46,437 | -28.8% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €31,883 | €33,191 | +€1,308 | +4.1% |
| Other operating charges | 640/8 | €3,716 | €6,640 | +€2,925 | +78.7% |
| Non-recurring operating charges | 66A | €206 | €0 | -€206 | -100% |
| Gross operating margin | 9900 | €224,303 | €193,473 | -€30,829 | -13.7% |
| Operating profit (loss) | 9901 | €27,169 | €38,750 | +€11,581 | +42.6% |
| Financial income | 75/76B | €473 | €433 | -€40 | -8.4% |
| Recurring financial income | 75 | €423 | €433 | +€10 | +2.4% |
| Non-recurring financial income | 76B | €50 | €0 | -€50 | -100% |
| Financial charges | 65/66B | €9,331 | €4,542 | -€4,789 | -51.3% |
| Recurring financial charges | 65 | €9,331 | €4,542 | -€4,789 | -51.3% |
| Profit (loss) for the period before taxes | 9903 | €18,311 | €34,641 | +€16,330 | +89.2% |
| Income taxes | 67/77 | €7,758 | €11,103 | +€3,345 | +43.1% |
| Profit (loss) for the period | 9904 | €10,553 | €23,538 | +€12,985 | +123% |
| Profit (loss) for the period to be appropriated | 9905 | €10,553 | €23,538 | +€12,985 | +123% |
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 15 October 2026 via checked.be.