CIPAPI: what changed
Two fiscal 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
CIPAPI
NACE 56.112, Limited-service restaurants, excluding mobile food services
fiscal year 2025 against 2026filed annual accounts (NBB)
Net result for the year
-€120,181
2025 · €602,254-€722,435
Equity
€4.5m
2025 · €4.6m-€120,181
Cash
€447,042
2025 · €458,133-€11,091
Balance sheet total
€7.5m
2025 · €7.9m-€396,269
Largest movements
Assets
- Receivables within one year -€352,626
down €352,626 (-6.5%), from €5.4m to €5.1m
of which Trade receivables: -€478,242
- Tangible fixed assets +€157,659
up €157,659 (+33.8%), from €466,401 to €624,060
of which Assets under construction and advance payments: +€166,221
- Receivables after one year -€140,647
down €140,647 (-12.3%), from €1.1m to €998,594
Equity and liabilities
- Debts after one year -€555,869
no longer reported in 2026 (was €555,869)
- Tax, wage and social debts +€273,615
up €273,615 (+63.6%), from €430,523 to €704,138
of which Remuneration and social security: +€227,442
- Reserves -€155,000
down €155,000 (-16.9%), from €917,125 to €762,125
of which Tax-exempt reserves: -€155,000
Income statement
- Services and other goods +€1.0m
up €1.0m (+35.6%), from €2.9m to €3.9m
- Turnover +€535,004
up €535,004 (+3.9%), from €13.9m to €14.4m
- Goods and materials -€295,267
down €295,267 (-4.1%), from €7.3m to €7.0m
of which Change in stocks: decrease (increase): -€191,180
- Depreciation -€156,064
down €156,064 (-47.9%), from €325,755 to €169,691
From the 2025 result to the 2026 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 2025
€602,254
Turnover
+€535,004
Other operating income
-€40,765
Goods and materials
+€295,267
Services and other goods
-€1.0m
Staff costs
-€70,375
Depreciation
+€156,064
Write-downs
+€54,290
Other operating charges
-€60,072
Other operating items
-€578,672
Financial income
-€610
Financial charges
+€12,964
Taxes
+€2,544
Result 2026
-€120,181
Cash bridge derived
Derived from the 2025 and 2026 balance sheets and the 2026 result: not a filed cash-flow statement. It shows where the money came from and went.
From operations
+€892,357
Investment
-€322,517
Financing
-€580,930
Cash 2025
€458,133
From operations (derived)
+€892,357
Net result for the year
-€120,181
Depreciation
+€169,691
Receivables after one year
+€140,647
Stocks and contracts
+€44,886
Receivables within one year
+€352,626
Deferred charges and accrued income
-€155
Trade debts
+€34,227
Tax, wage and social debts
+€273,615
Other debts
-€3,000
Investment (derived)
-€322,517
Investment in fixed assets (net)
-€322,517
Financing
-€580,930
Debts after one year
-€555,869
Current portion of long-term debt
-€25,061
Contributions, distributions and other
-€0
Cash 2026
€447,042
Every line side by side
| Line | Code | 2025 | 2026 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €7,935,818 | €7,539,549 | -€396,269 | -5.0% |
| Fixed assets | 21/28 | €484,336 | €637,162 | +€152,826 | +31.6% |
| Intangible fixed assets | 21 | €5,833 | €2,500 | -€3,333 | -57.1% |
| Tangible fixed assets | 22/27 | €466,401 | €624,060 | +€157,659 | +33.8% |
| Land and buildings | 22 | €195,385 | €156,906 | -€38,479 | -19.7% |
| Plant, machinery and equipment | 23 | €163,824 | €223,542 | +€59,718 | +36.5% |
| Furniture and vehicles | 24 | €96,029 | €67,758 | -€28,271 | -29.4% |
| Other tangible fixed assets | 26 | €11,162 | €9,633 | -€1,529 | -13.7% |
| Assets under construction and advance payments | 27 | - | €166,221 | +€166,221 | |
| Financial fixed assets | 28 | €12,102 | €10,602 | -€1,500 | -12.4% |
| Companies linked by participating interests | 282/3 | €10,602 | €10,602 | -€0 | 0.0% |
| Participating interests | 282 | €10,602 | €10,602 | -€0 | 0.0% |
| Other financial fixed assets | 284/8 | €1,500 | - | -€1,500 | |
| Amounts receivable and cash guarantees | 285/8 | €1,500 | - | -€1,500 | |
| Current assets | 29/58 | €7,451,482 | €6,902,387 | -€549,095 | -7.4% |
| Amounts receivable after more than one year | 29 | €1,139,241 | €998,594 | -€140,647 | -12.3% |
| Trade receivables | 290 | €1,139,241 | €998,594 | -€140,647 | -12.3% |
| Stocks and contracts in progress | 3 | €338,602 | €293,716 | -€44,886 | -13.3% |
| Stocks | 30/36 | €338,602 | €293,716 | -€44,886 | -13.3% |
| Goods purchased for resale | 34 | €338,602 | €293,716 | -€44,886 | -13.3% |
| Amounts receivable within one year | 40/41 | €5,415,343 | €5,062,717 | -€352,626 | -6.5% |
| Trade receivables | 40 | €5,265,662 | €4,787,420 | -€478,242 | -9.1% |
| Other amounts receivable | 41 | €149,682 | €275,297 | +€125,615 | +83.9% |
| Cash at bank and in hand | 54/58 | €458,133 | €447,042 | -€11,091 | -2.4% |
| Deferred charges and accrued income | 490/1 | €100,163 | €100,318 | +€155 | +0.2% |
| Total equity and liabilities | 10/49 | €7,935,818 | €7,539,549 | -€396,269 | -5.0% |
| Equity | 10/15 | €4,585,659 | €4,465,478 | -€120,181 | -2.6% |
| Contributions | 10/11 | €181,250 | €181,250 | = | 0.0% |
| Capital | 10 | €181,250 | €181,250 | = | 0.0% |
| Issued capital | 100 | €181,250 | €181,250 | = | 0.0% |
| Reserves | 13 | €917,125 | €762,125 | -€155,000 | -16.9% |
| Non-distributable reserves | 130/1 | €18,125 | €18,125 | = | 0.0% |
| Legal reserve | 130 | €18,125 | €18,125 | = | 0.0% |
| Tax-exempt reserves | 132 | €155,000 | - | -€155,000 | |
| Distributable reserves | 133 | €744,000 | €744,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | €3,487,284 | €3,522,103 | +€34,819 | +1.0% |
| Amounts payable | 17/49 | €3,350,159 | €3,074,071 | -€276,088 | -8.2% |
| Amounts payable after more than one year | 17 | €555,869 | - | -€555,869 | |
| Financial debts | 170/4 | €555,869 | - | -€555,869 | |
| Subordinated loans | 170 | €222,116 | - | -€222,116 | |
| Credit institutions | 173 | €333,753 | - | -€333,753 | |
| Amounts payable within one year | 42/48 | €2,794,290 | €3,074,071 | +€279,781 | +10.0% |
| Current portion of amounts payable after more than one year | 42 | €581,036 | €555,975 | -€25,061 | -4.3% |
| Trade debts | 44 | €1,779,731 | €1,813,958 | +€34,227 | +1.9% |
| Suppliers | 440/4 | €1,779,731 | €1,813,958 | +€34,227 | +1.9% |
| Taxes, remuneration and social security | 45 | €430,523 | €704,138 | +€273,615 | +63.6% |
| Taxes | 450/3 | €16,385 | €62,558 | +€46,173 | +281.8% |
| Remuneration and social security | 454/9 | €414,138 | €641,580 | +€227,442 | +54.9% |
| Other amounts payable | 47/48 | €3,000 | - | -€3,000 | |
| Operating income | 70/76A | €13,959,000 | €14,459,156 | +€500,156 | +3.6% |
| Turnover | 70 | €13,888,797 | €14,423,801 | +€535,004 | +3.9% |
| Other operating income | 74 | €70,203 | €29,438 | -€40,765 | -58.1% |
| Non-recurring operating income | 76A | - | €5,917 | +€5,917 | |
| Operating charges | 60/66A | €13,096,318 | €14,333,809 | +€1.2m | +9.4% |
| Goods for resale, raw materials and consumables | 60 | €7,279,076 | €6,983,809 | -€295,267 | -4.1% |
| Purchases | 600/8 | €7,043,010 | €6,938,923 | -€104,087 | -1.5% |
| Change in stocks: decrease (increase) | 609 | €236,066 | €44,886 | -€191,180 | -81.0% |
| Services and other goods | 61 | €2,886,228 | €3,914,303 | +€1.0m | +35.6% |
| Remuneration, social security and pensions | 62 | €2,568,535 | €2,638,910 | +€70,375 | +2.7% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €325,755 | €169,691 | -€156,064 | -47.9% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | - | -€54,290 | -€54,290 | |
| Other operating charges | 640/8 | €22,283 | €82,355 | +€60,072 | +269.6% |
| Non-recurring operating charges | 66A | €14,442 | €599,031 | +€584,589 | +4047.8% |
| Operating profit (loss) | 9901 | €862,681 | €125,347 | -€737,334 | -85.5% |
| Financial income | 75/76B | €2,998 | €2,388 | -€610 | -20.3% |
| Recurring financial income | 75 | €2,998 | €2,388 | -€610 | -20.3% |
| Income from current assets | 751 | €1,503 | €2,388 | +€885 | +58.8% |
| Other financial income | 752/9 | €1,494 | - | -€1,494 | |
| Financial charges | 65/66B | €37,422 | €24,458 | -€12,964 | -34.6% |
| Recurring financial charges | 65 | €37,422 | €22,958 | -€14,464 | -38.7% |
| Debt charges | 650 | €30,253 | €18,829 | -€11,424 | -37.8% |
| Other financial charges | 652/9 | €7,170 | €4,129 | -€3,041 | -42.4% |
| Non-recurring financial charges | 66B | - | €1,500 | +€1,500 | |
| Profit (loss) for the period before taxes | 9903 | €828,257 | €103,277 | -€724,980 | -87.5% |
| Income taxes | 67/77 | €226,002 | €223,458 | -€2,544 | -1.1% |
| Taxes | 670/3 | €226,002 | €223,458 | -€2,544 | -1.1% |
| Profit (loss) for the period | 9904 | €602,254 | -€120,181 | -€722,435 | |
| Transfer from tax-exempt reserves | 789 | - | €155,000 | +€155,000 | |
| Profit (loss) for the period to be appropriated | 9905 | €602,254 | €34,819 | -€567,435 | -94.2% |
Source: filed annual accounts (NBB), fiscal years ended 31 January 2025 and 31 January 2026. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 6 October 2026 via checked.be.