BOE - FOOD: what changed
What changed
BOE - FOOD
NACE 56.111, Full-service restaurants
filed annual accounts (NBB)
Net result for the year
€18,085
2024 · €29,384-€11,299
Equity
€339,442
2024 · €321,357+€18,085
Cash
€54,276
2024 · €49,455+€4,821
Balance sheet total
€364,642
2024 · €380,402-€15,760
Largest movements
Assets
- Tangible fixed assets -€39,607
down €39,607 (-27.3%), from €144,877 to €105,270
- Stocks and contracts +€16,257
up €16,257 (+28.3%), from €57,487 to €73,744
- Financial fixed assets +€15,622
up €15,622 (+27.3%), from €57,160 to €72,782
- Receivables within one year -€10,524
down €10,524 (-15.2%), from €69,094 to €58,570
of which Other amounts receivable: -€12,000
- Cash +€4,821
up €4,821 (+9.7%), from €49,455 to €54,276
mainly Depreciation (+€65,267) and Net result for the year (+€18,085)
Equity and liabilities
- Trade debts -€32,704
down €32,704 (-73.3%), from €44,615 to €11,911
- Profit (loss) carried forward +€18,085
up €18,085 (+8.1%), from €223,339 to €241,424
Income statement
- Gross operating margin +€96,133
up €96,133 (+14.0%), from €685,054 to €781,187
- Staff costs +€87,398
up €87,398 (+15.0%), from €581,093 to €668,491
- Depreciation +€11,578
up €11,578 (+21.6%), from €53,689 to €65,267
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.
Result 2024
€29,384
Gross operating margin
+€96,133
Staff costs
-€87,398
Depreciation
-€11,578
Other operating charges
+€718
Financial income
-€26
Financial charges
-€2,098
Taxes
-€7,050
Result 2025
€18,085
raises the resultlowers the result
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.
From operations
+€46,103
Investment
-€41,282
Financing
€0
Cash 2024
€49,455
From operations (derived)
+€46,103
Net result for the year
+€18,085
Depreciation
+€65,267
Stocks and contracts
-€16,257
Receivables within one year
+€10,524
Deferred charges and accrued income
+€2,329
Trade debts
-€32,704
Tax, wage and social debts
-€2,301
Accrued charges and deferred income
+€1,160
Investment (derived)
-€41,282
Investment in fixed assets (net)
-€41,282
Cash 2025
€54,276
brings cash intakes cash out
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €380,402 | €364,642 | -€15,760 | -4.1% |
| Fixed assets | 21/28 | €202,037 | €178,052 | -€23,985 | -11.9% |
| Tangible fixed assets | 22/27 | €144,877 | €105,270 | -€39,607 | -27.3% |
| Land and buildings | 22 | €19,519 | €17,145 | -€2,374 | -12.2% |
| Plant, machinery and equipment | 23 | €58,927 | €55,836 | -€3,091 | -5.2% |
| Furniture and vehicles | 24 | €42,827 | €24,949 | -€17,878 | -41.7% |
| Leasing and similar rights | 25 | €10,371 | €7,340 | -€3,031 | -29.2% |
| Other tangible fixed assets | 26 | €13,233 | - | -€13,233 | |
| Financial fixed assets | 28 | €57,160 | €72,782 | +€15,622 | +27.3% |
| Current assets | 29/58 | €178,365 | €186,590 | +€8,225 | +4.6% |
| Stocks and contracts in progress | 3 | €57,487 | €73,744 | +€16,257 | +28.3% |
| Stocks | 30/36 | €57,487 | €73,744 | +€16,257 | +28.3% |
| Amounts receivable within one year | 40/41 | €69,094 | €58,570 | -€10,524 | -15.2% |
| Trade receivables | 40 | €45,094 | €46,570 | +€1,476 | +3.3% |
| Other amounts receivable | 41 | €24,000 | €12,000 | -€12,000 | -50.0% |
| Cash at bank and in hand | 54/58 | €49,455 | €54,276 | +€4,821 | +9.7% |
| Deferred charges and accrued income | 490/1 | €2,329 | - | -€2,329 | |
| Total equity and liabilities | 10/49 | €380,402 | €364,642 | -€15,760 | -4.1% |
| Equity | 10/15 | €321,357 | €339,442 | +€18,085 | +5.6% |
| Contributions | 10/11 | €19,800 | €19,800 | = | 0.0% |
| Reserves | 13 | €78,218 | €78,218 | = | 0.0% |
| Non-distributable reserves | 130/1 | €4,500 | €4,500 | = | 0.0% |
| Reserves not available under the articles | 1311 | €4,500 | €4,500 | = | 0.0% |
| Distributable reserves | 133 | €73,718 | €73,718 | = | 0.0% |
| Profit (loss) carried forward | 14 | €223,339 | €241,424 | +€18,085 | +8.1% |
| Amounts payable | 17/49 | €59,045 | €25,200 | -€33,845 | -57.3% |
| Amounts payable within one year | 42/48 | €59,045 | €24,040 | -€35,005 | -59.3% |
| Trade debts | 44 | €44,615 | €11,911 | -€32,704 | -73.3% |
| Suppliers | 440/4 | €44,615 | €11,911 | -€32,704 | -73.3% |
| Taxes, remuneration and social security | 45 | €14,430 | €12,129 | -€2,301 | -15.9% |
| Taxes | 450/3 | €14,430 | €12,129 | -€2,301 | -15.9% |
| Accrued charges and deferred income | 492/3 | - | €1,160 | +€1,160 | |
| Remuneration, social security and pensions | 62 | €581,093 | €668,491 | +€87,398 | +15.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €53,689 | €65,267 | +€11,578 | +21.6% |
| Other operating charges | 640/8 | €9,522 | €8,804 | -€718 | -7.5% |
| Gross operating margin | 9900 | €685,054 | €781,187 | +€96,133 | +14.0% |
| Operating profit (loss) | 9901 | €40,750 | €38,625 | -€2,125 | -5.2% |
| Financial income | 75/76B | €101 | €75 | -€26 | -25.7% |
| Recurring financial income | 75 | €101 | €75 | -€26 | -25.7% |
| Financial charges | 65/66B | €415 | €2,513 | +€2,098 | +506% |
| Recurring financial charges | 65 | €415 | €2,513 | +€2,098 | +506% |
| Profit (loss) for the period before taxes | 9903 | €40,436 | €36,187 | -€4,249 | -10.5% |
| Income taxes | 67/77 | €11,052 | €18,102 | +€7,050 | +63.8% |
| Profit (loss) for the period | 9904 | €29,384 | €18,085 | -€11,299 | -38.5% |
| Profit (loss) for the period to be appropriated | 9905 | €29,384 | €18,085 | -€11,299 | -38.5% |
Next steps
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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 8 November 2026 via checked.be.