De Sasmeesters: 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 Sasmeesters
NACE 56.111, Full-service restaurants
financial year 2025 compared with 2024filed annual accounts (NBB)
Net result for the year
€42,438
2024 · €24,458+€17,980
Equity
€100,234
2024 · €57,796+€42,438
Cash
€20,382
2024 · €16,050+€4,332
Balance sheet total
€951,715
2024 · €915,503+€36,212
Largest movements
Assets
- Receivables after one year +€22,809
up €22,809 (+4.9%), from €470,091 to €492,900
Equity and liabilities
- Reserves +€42,438
up €42,438 (+108%), from €39,196 to €81,634
- Debts after one year -€20,036
down €20,036 (-7.5%), from €267,097 to €247,061
- Short-term financial debts +€15,000
new in 2025: €15,000
Income statement
- Gross operating margin +€33,489
up €33,489 (+73.0%), from €45,884 to €79,373
- Taxes +€11,983
up €11,983 (+7,216%), from €166 to €12,149
- Financial charges +€4,359
up €4,359 (+39.8%), from €10,949 to €15,308
- Depreciation +€3,499
up €3,499 (+13.0%), from €26,870 to €30,369
- Financial income +€2,798
up €2,798 (+13.9%), from €20,100 to €22,897
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
€24,458
Gross operating margin
+€33,489
Staff costs
-€22
Depreciation
-€3,499
Other operating charges
+€1,557
Financial income
+€2,798
Financial charges
-€4,359
Taxes
-€11,983
Result 2025
€42,438
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
+€40,528
Investment
-€31,532
Financing
-€4,664
Cash 2024
€16,050
From operations (derived)
+€40,528
Net result for the year
+€42,438
Depreciation
+€30,369
Receivables after one year
-€22,809
Stocks and contracts
+€56
Receivables within one year
-€7,964
Trade debts
-€4,891
Tax, wage and social debts
+€1,321
Advances received
-€1,168
Other debts
-€457
Accrued charges and deferred income
+€3,633
Investment (derived)
-€31,532
Investment in fixed assets (net)
-€31,532
Financing
-€4,664
Debts after one year
-€20,036
Current portion of long-term debt
+€372
Short-term financial debts
+€15,000
Cash 2025
€20,382
brings cash intakes cash out
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €915,503 | €951,715 | +€36,212 | +4.0% |
| Fixed assets | 21/28 | €421,527 | €422,690 | +€1,163 | +0.3% |
| Tangible fixed assets | 22/27 | €421,527 | €422,690 | +€1,163 | +0.3% |
| Land and buildings | 22 | €411,594 | €389,963 | -€21,630 | -5.3% |
| Plant, machinery and equipment | 23 | €8,928 | €5,535 | -€3,393 | -38.0% |
| Furniture and vehicles | 24 | €1,006 | €27,192 | +€26,187 | +2,604% |
| Current assets | 29/58 | €493,976 | €529,025 | +€35,049 | +7.1% |
| Amounts receivable after more than one year | 29 | €470,091 | €492,900 | +€22,809 | +4.9% |
| Other amounts receivable | 291 | €470,091 | €492,900 | +€22,809 | +4.9% |
| Stocks and contracts in progress | 3 | €6,398 | €6,341 | -€56 | -0.9% |
| Stocks | 30/36 | €6,398 | €6,341 | -€56 | -0.9% |
| Amounts receivable within one year | 40/41 | €1,187 | €9,151 | +€7,964 | +671% |
| Trade receivables | 40 | €451 | €228 | -€223 | -49.5% |
| Other amounts receivable | 41 | €735 | €8,923 | +€8,187 | +1,113% |
| Current investments | 50/53 | €250 | €250 | = | 0.0% |
| Cash at bank and in hand | 54/58 | €16,050 | €20,382 | +€4,332 | +27.0% |
| Total equity and liabilities | 10/49 | €915,503 | €951,715 | +€36,212 | +4.0% |
| Equity | 10/15 | €57,796 | €100,234 | +€42,438 | +73.4% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €39,196 | €81,634 | +€42,438 | +108% |
| Distributable reserves | 133 | €39,196 | €81,634 | +€42,438 | +108% |
| Amounts payable | 17/49 | €857,707 | €851,481 | -€6,226 | -0.7% |
| Amounts payable after more than one year | 17 | €267,097 | €247,061 | -€20,036 | -7.5% |
| Financial debts | 170/4 | €267,097 | €247,061 | -€20,036 | -7.5% |
| Amounts payable within one year | 42/48 | €137,779 | €147,956 | +€10,177 | +7.4% |
| Current portion of amounts payable after more than one year | 42 | €19,664 | €20,036 | +€372 | +1.9% |
| Financial debts | 43 | - | €15,000 | +€15,000 | |
| Credit institutions | 430/8 | - | €15,000 | +€15,000 | |
| Trade debts | 44 | €7,990 | €3,099 | -€4,891 | -61.2% |
| Suppliers | 440/4 | €7,990 | €3,099 | -€4,891 | -61.2% |
| Advances received on contracts in progress | 46 | €1,168 | €0 | -€1,168 | -100% |
| Taxes, remuneration and social security | 45 | €2,267 | €3,588 | +€1,321 | +58.3% |
| Taxes | 450/3 | €2,267 | €3,588 | +€1,321 | +58.3% |
| Other amounts payable | 47/48 | €106,690 | €106,233 | -€457 | -0.4% |
| Accrued charges and deferred income | 492/3 | €452,831 | €456,464 | +€3,633 | +0.8% |
| Remuneration, social security and pensions | 62 | €240 | €262 | +€22 | +9.2% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €26,870 | €30,369 | +€3,499 | +13.0% |
| Other operating charges | 640/8 | €3,301 | €1,744 | -€1,557 | -47.2% |
| Gross operating margin | 9900 | €45,884 | €79,373 | +€33,489 | +73.0% |
| Operating profit (loss) | 9901 | €15,473 | €46,998 | +€31,525 | +204% |
| Financial income | 75/76B | €20,100 | €22,897 | +€2,798 | +13.9% |
| Recurring financial income | 75 | €20,100 | €22,897 | +€2,798 | +13.9% |
| Financial charges | 65/66B | €10,949 | €15,308 | +€4,359 | +39.8% |
| Recurring financial charges | 65 | €10,949 | €15,308 | +€4,359 | +39.8% |
| Profit (loss) for the period before taxes | 9903 | €24,624 | €54,588 | +€29,964 | +122% |
| Income taxes | 67/77 | €166 | €12,149 | +€11,983 | +7,216% |
| Profit (loss) for the period | 9904 | €24,458 | €42,438 | +€17,980 | +73.5% |
| Profit (loss) for the period to be appropriated | 9905 | €24,458 | €42,438 | +€17,980 | +73.5% |
Source: filed annual accounts (NBB), financial years ended 30 April 2024 and 30 April 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 23 October 2026 via checked.be.