DE VETN: what changed
What changed
DE VETN
NACE 56.111, Full-service restaurants
filed annual accounts (NBB)
Net result for the year
€117,961
2024 · €194,181-€76,221
Equity
€531,591
2024 · €413,630+€117,961
Cash
€128,336
2024 · €195,686-€67,350
Balance sheet total
€1.6m
2024 · €1.7m-€100,673
Largest movements
Assets
- Receivables within one year +€119,933
up €119,933 (+197%), from €60,992 to €180,925
of which Trade receivables: +€68,727
- Receivables after one year -€68,154
down €68,154 (-44.8%), from €152,000 to €83,846
- Cash -€67,350
down €67,350 (-34.4%), from €195,686 to €128,336
mainly Receivables within one year (-€119,933) and Debts after one year (-€94,836)
- Intangible fixed assets -€50,146
down €50,146 (-39.7%), from €126,350 to €76,204
Equity and liabilities
- Reserves +€117,100
up €117,100 (+29.0%), from €403,450 to €520,550
of which Distributable reserves: +€75,000
- Debts after one year -€94,836
down €94,836 (-13.7%), from €692,265 to €597,429
- Other debts -€89,980
down €89,980 (-100%), from €89,980 to €0
- Tax, wage and social debts -€52,795
down €52,795 (-30.8%), from €171,372 to €118,577
of which Remuneration and social security: -€27,877
- Advances received +€20,266
up €20,266 (+125%), from €16,159 to €36,424
Income statement
- Staff costs +€54,626
up €54,626 (+10.3%), from €530,109 to €584,735
- Gross operating margin -€47,349
down €47,349 (-4.8%), from €985,873 to €938,524
- Depreciation -€31,154
down €31,154 (-18.7%), from €166,504 to €135,350
- Other operating charges +€14,671
up €14,671 (+69.6%), from €21,092 to €35,762
- Taxes -€14,019
down €14,019 (-23.3%), from €60,247 to €46,227
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
€194,181
Gross operating margin
-€47,349
Staff costs
-€54,626
Depreciation
+€31,154
Other operating charges
-€14,671
Financial income
-€235
Financial charges
-€4,512
Taxes
+€14,019
Result 2025
€117,961
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
+€94,006
Investment
-€68,735
Financing
-€92,621
Cash 2024
€195,686
From operations (derived)
+€94,006
Net result for the year
+€117,961
Depreciation
+€135,350
Receivables after one year
+€68,154
Stocks and contracts
+€4,619
Receivables within one year
-€119,933
Deferred charges and accrued income
+€13,869
Trade debts
-€3,884
Tax, wage and social debts
-€52,795
Advances received
+€20,266
Other debts
-€89,980
Accrued charges and deferred income
+€380
Investment (derived)
-€68,735
Investment in fixed assets (net)
-€68,735
Financing
-€92,621
Debts after one year
-€94,836
Current portion of long-term debt
+€3,490
Short-term financial debts
-€1,275
Cash 2025
€128,336
brings cash intakes cash out
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €1,660,308 | €1,559,635 | -€100,673 | -6.1% |
| Fixed assets | 21/28 | €1,168,846 | €1,102,230 | -€66,615 | -5.7% |
| Intangible fixed assets | 21 | €126,350 | €76,204 | -€50,146 | -39.7% |
| Tangible fixed assets | 22/27 | €941,491 | €925,022 | -€16,469 | -1.7% |
| Land and buildings | 22 | €577,000 | €565,696 | -€11,304 | -2.0% |
| Plant, machinery and equipment | 23 | €75,116 | €61,072 | -€14,043 | -18.7% |
| Furniture and vehicles | 24 | €60,913 | €49,710 | -€11,203 | -18.4% |
| Other tangible fixed assets | 26 | €228,462 | €248,544 | +€20,082 | +8.8% |
| Financial fixed assets | 28 | €101,005 | €101,005 | = | 0.0% |
| Current assets | 29/58 | €491,462 | €457,405 | -€34,058 | -6.9% |
| Amounts receivable after more than one year | 29 | €152,000 | €83,846 | -€68,154 | -44.8% |
| Other amounts receivable | 291 | €152,000 | €83,846 | -€68,154 | -44.8% |
| Stocks and contracts in progress | 3 | €51,611 | €46,992 | -€4,619 | -8.9% |
| Stocks | 30/36 | €51,611 | €46,992 | -€4,619 | -8.9% |
| Amounts receivable within one year | 40/41 | €60,992 | €180,925 | +€119,933 | +197% |
| Trade receivables | 40 | €9,380 | €78,107 | +€68,727 | +733% |
| Other amounts receivable | 41 | €51,612 | €102,818 | +€51,206 | +99.2% |
| Current investments | 50/53 | €0 | - | = | |
| Cash at bank and in hand | 54/58 | €195,686 | €128,336 | -€67,350 | -34.4% |
| Deferred charges and accrued income | 490/1 | €31,173 | €17,304 | -€13,869 | -44.5% |
| Total equity and liabilities | 10/49 | €1,660,308 | €1,559,635 | -€100,673 | -6.1% |
| Equity | 10/15 | €413,630 | €531,591 | +€117,961 | +28.5% |
| Contributions | 10/11 | €10,000 | €10,000 | = | 0.0% |
| Reserves | 13 | €403,450 | €520,550 | +€117,100 | +29.0% |
| Tax-exempt reserves | 132 | €189,450 | €231,550 | +€42,100 | +22.2% |
| Distributable reserves | 133 | €214,000 | €289,000 | +€75,000 | +35.0% |
| Profit (loss) carried forward | 14 | €180 | €1,041 | +€861 | +477% |
| Amounts payable | 17/49 | €1,246,677 | €1,028,044 | -€218,633 | -17.5% |
| Amounts payable after more than one year | 17 | €692,265 | €597,429 | -€94,836 | -13.7% |
| Financial debts | 170/4 | €692,265 | €597,429 | -€94,836 | -13.7% |
| Amounts payable within one year | 42/48 | €554,346 | €430,168 | -€124,178 | -22.4% |
| Current portion of amounts payable after more than one year | 42 | €27,370 | €30,861 | +€3,490 | +12.8% |
| Financial debts | 43 | €66,300 | €65,025 | -€1,275 | -1.9% |
| Other loans | 439 | €66,300 | €65,025 | -€1,275 | -1.9% |
| Trade debts | 44 | €183,165 | €179,281 | -€3,884 | -2.1% |
| Suppliers | 440/4 | €183,165 | €179,281 | -€3,884 | -2.1% |
| Advances received on contracts in progress | 46 | €16,159 | €36,424 | +€20,266 | +125% |
| Taxes, remuneration and social security | 45 | €171,372 | €118,577 | -€52,795 | -30.8% |
| Taxes | 450/3 | €82,681 | €57,763 | -€24,918 | -30.1% |
| Remuneration and social security | 454/9 | €88,691 | €60,815 | -€27,877 | -31.4% |
| Other amounts payable | 47/48 | €89,980 | €0 | -€89,980 | -100% |
| Accrued charges and deferred income | 492/3 | €66 | €446 | +€380 | +575% |
| Non-recurring operating income | 76A | €14,766 | €0 | -€14,766 | -100% |
| Remuneration, social security and pensions | 62 | €530,109 | €584,735 | +€54,626 | +10.3% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €166,504 | €135,350 | -€31,154 | -18.7% |
| Other operating charges | 640/8 | €21,092 | €35,762 | +€14,671 | +69.6% |
| Non-recurring operating charges | 66A | €0 | - | = | |
| Gross operating margin | 9900 | €985,873 | €938,524 | -€47,349 | -4.8% |
| Operating profit (loss) | 9901 | €268,169 | €182,676 | -€85,492 | -31.9% |
| Financial income | 75/76B | €14,518 | €14,283 | -€235 | -1.6% |
| Recurring financial income | 75 | €14,518 | €14,283 | -€235 | -1.6% |
| Financial charges | 65/66B | €28,259 | €32,771 | +€4,512 | +16.0% |
| Recurring financial charges | 65 | €28,259 | €32,771 | +€4,512 | +16.0% |
| Profit (loss) for the period before taxes | 9903 | €254,428 | €164,188 | -€90,240 | -35.5% |
| Income taxes | 67/77 | €60,247 | €46,227 | -€14,019 | -23.3% |
| Profit (loss) for the period | 9904 | €194,181 | €117,961 | -€76,221 | -39.3% |
| Transfer from tax-exempt reserves | 789 | €31,575 | €21,050 | -€10,525 | -33.3% |
| Transfer to tax-exempt reserves | 689 | €84,200 | €63,150 | -€21,050 | -25.0% |
| Profit (loss) for the period to be appropriated | 9905 | €141,556 | €75,861 | -€65,696 | -46.4% |
Next steps
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Calculation and sources
Source: filed annual accounts (NBB), financial years ended 30 June 2024 and 30 June 2025. Green is a favourable move for that line, red an unfavourable one. Prepared on 2 November 2026 via checked.be.