DE ENGEL: 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
DE ENGEL
NACE 56.112, Limited-service restaurants, excluding mobile food services
financial year 2025 compared with 2024filed annual accounts (NBB)
Net result for the year
€405,602
2024 · €472,062-€66,460
Equity
€1.3m
2024 · €903,084+€382,203
Cash
€836,661
2024 · €299,817+€536,844
Balance sheet total
€2.5m
2024 · €2.2m+€266,876
Largest movements
Assets
- Cash +€536,844
up €536,844 (+179%), from €299,817 to €836,661
mainly Net result for the year (+€405,602) and Receivables within one year (+€259,084)
- Receivables within one year -€259,084
down €259,084 (-65.4%), from €396,085 to €137,001
of which Other amounts receivable: -€274,512
Equity and liabilities
- Reserves +€382,203
up €382,203 (+56.2%), from €679,980 to €1.1m
of which Distributable reserves: +€382,203
- Debts after one year -€123,396
down €123,396 (-18.6%), from €663,087 to €539,691
- Short-term financial debts +€62,536
up €62,536 (+74.6%), from €83,805 to €146,341
- Trade debts -€61,999
down €61,999 (-50.3%), from €123,327 to €61,328
Income statement
- Staff costs +€77,929
up €77,929 (+6.6%), from €1.2m to €1.3m
- Taxes -€38,723
down €38,723 (-16.7%), from €232,102 to €193,379
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
€472,062
Gross operating margin
-€3,989
Staff costs
-€77,929
Depreciation
-€17,913
Other operating charges
-€1,955
Financial income
+€62
Financial charges
-€3,458
Taxes
+€38,723
Result 2025
€405,602
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
+€842,303
Investment
-€224,453
Financing
-€81,006
Cash 2024
€299,817
From operations (derived)
+€842,303
Net result for the year
+€405,602
Depreciation
+€221,078
Stocks and contracts
+€15,829
Receivables within one year
+€259,084
Deferred charges and accrued income
-€1,569
Trade debts
-€61,999
Tax, wage and social debts
-€19,120
Other debts
+€23,399
Investment (derived)
-€224,453
Investment in fixed assets (net)
-€224,453
Financing
-€81,006
Debts after one year
-€123,396
Current portion of long-term debt
+€3,253
Short-term financial debts
+€62,536
Contributions, distributions and other
-€23,399
Cash 2025
€836,661
brings cash intakes cash out
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €2,200,042 | €2,466,918 | +€266,876 | +12.1% |
| Fixed assets | 21/28 | €1,448,315 | €1,451,690 | +€3,376 | +0.2% |
| Tangible fixed assets | 22/27 | €1,448,315 | €1,451,690 | +€3,376 | +0.2% |
| Land and buildings | 22 | €1,166,793 | €1,103,576 | -€63,217 | -5.4% |
| Plant, machinery and equipment | 23 | €55,402 | €44,762 | -€10,641 | -19.2% |
| Furniture and vehicles | 24 | €165,575 | €259,516 | +€93,940 | +56.7% |
| Leasing and similar rights | 25 | €60,544 | €43,837 | -€16,707 | -27.6% |
| Current assets | 29/58 | €751,728 | €1,015,228 | +€263,500 | +35.1% |
| Stocks and contracts in progress | 3 | €49,840 | €34,011 | -€15,829 | -31.8% |
| Stocks | 30/36 | €49,840 | €34,011 | -€15,829 | -31.8% |
| Amounts receivable within one year | 40/41 | €396,085 | €137,001 | -€259,084 | -65.4% |
| Trade receivables | 40 | €8,695 | €24,123 | +€15,428 | +177% |
| Other amounts receivable | 41 | €387,390 | €112,878 | -€274,512 | -70.9% |
| Cash at bank and in hand | 54/58 | €299,817 | €836,661 | +€536,844 | +179% |
| Deferred charges and accrued income | 490/1 | €5,985 | €7,554 | +€1,569 | +26.2% |
| Total equity and liabilities | 10/49 | €2,200,042 | €2,466,918 | +€266,876 | +12.1% |
| Equity | 10/15 | €903,084 | €1,285,287 | +€382,203 | +42.3% |
| Contributions | 10/11 | €223,104 | €223,104 | = | 0.0% |
| Capital | 10 | €223,104 | €223,104 | = | 0.0% |
| Issued capital | 100 | €223,104 | €223,104 | = | 0.0% |
| Reserves | 13 | €679,980 | €1,062,183 | +€382,203 | +56.2% |
| Non-distributable reserves | 130/1 | €22,310 | €22,310 | = | 0.0% |
| Legal reserve | 130 | €22,310 | €22,310 | = | 0.0% |
| Tax-exempt reserves | 132 | €18,750 | €18,750 | = | 0.0% |
| Distributable reserves | 133 | €638,920 | €1,021,122 | +€382,203 | +59.8% |
| Profit (loss) carried forward | 14 | €0 | €0 | = | |
| Amounts payable | 17/49 | €1,296,958 | €1,181,631 | -€115,327 | -8.9% |
| Amounts payable after more than one year | 17 | €663,087 | €539,691 | -€123,396 | -18.6% |
| Financial debts | 170/4 | €663,087 | €539,691 | -€123,396 | -18.6% |
| Amounts payable within one year | 42/48 | €633,871 | €641,941 | +€8,069 | +1.3% |
| Current portion of amounts payable after more than one year | 42 | €120,143 | €123,396 | +€3,253 | +2.7% |
| Financial debts | 43 | €83,805 | €146,341 | +€62,536 | +74.6% |
| Credit institutions | 430/8 | €83,805 | €146,341 | +€62,536 | +74.6% |
| Trade debts | 44 | €123,327 | €61,328 | -€61,999 | -50.3% |
| Suppliers | 440/4 | €123,327 | €61,328 | -€61,999 | -50.3% |
| Taxes, remuneration and social security | 45 | €306,597 | €287,477 | -€19,120 | -6.2% |
| Taxes | 450/3 | €176,162 | €133,744 | -€42,418 | -24.1% |
| Remuneration and social security | 454/9 | €130,435 | €153,733 | +€23,298 | +17.9% |
| Other amounts payable | 47/48 | €0 | €23,399 | +€23,399 | |
| Accrued charges and deferred income | 492/3 | €0 | - | = | |
| Non-recurring operating income | 76A | €18,636 | €83 | -€18,554 | -99.6% |
| Remuneration, social security and pensions | 62 | €1,172,872 | €1,250,801 | +€77,929 | +6.6% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €203,164 | €221,078 | +€17,913 | +8.8% |
| Other operating charges | 640/8 | €13,659 | €15,615 | +€1,955 | +14.3% |
| Non-recurring operating charges | 66A | €0 | - | = | |
| Gross operating margin | 9900 | €2,111,521 | €2,107,532 | -€3,989 | -0.2% |
| Operating profit (loss) | 9901 | €721,826 | €620,039 | -€101,787 | -14.1% |
| Financial income | 75/76B | €10,143 | €10,205 | +€62 | +0.6% |
| Recurring financial income | 75 | €10,143 | €10,205 | +€62 | +0.6% |
| Financial charges | 65/66B | €27,806 | €31,263 | +€3,458 | +12.4% |
| Recurring financial charges | 65 | €27,806 | €31,263 | +€3,458 | +12.4% |
| Profit (loss) for the period before taxes | 9903 | €704,163 | €598,981 | -€105,183 | -14.9% |
| Income taxes | 67/77 | €232,102 | €193,379 | -€38,723 | -16.7% |
| Profit (loss) for the period | 9904 | €472,062 | €405,602 | -€66,460 | -14.1% |
| Profit (loss) for the period to be appropriated | 9905 | €472,062 | €405,602 | -€66,460 | -14.1% |
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.