DE VIER WINDEN: 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 VIER WINDEN
NACE 56.111, Full-service restaurants
financial year 2025 compared with 2024filed annual accounts (NBB)
Net result for the year
€187,352
2024 · €350,196-€162,844
Equity
€242,765
2024 · €240,412+€2,352
Cash
€65,749
2024 · €23,487+€42,262
Balance sheet total
€2.0m
2024 · €2.0m-€28,075
Largest movements
Assets
- Receivables within one year -€52,439
down €52,439 (-68.8%), from €76,187 to €23,748
of which Other amounts receivable: -€39,128
- Cash +€42,262
up €42,262 (+180%), from €23,487 to €65,749
mainly Depreciation (+€199,194) and Net result for the year (+€187,352)
Equity and liabilities
- Trade debts +€82,961
up €82,961 (+26.7%), from €310,446 to €393,407
- Other debts -€70,060
down €70,060 (-15.4%), from €454,982 to €384,922
- Debts after one year -€41,773
down €41,773 (-6.9%), from €606,659 to €564,886
Income statement
- Gross operating margin -€135,929
down €135,929 (-6.6%), from €2.1m to €1.9m
- Depreciation +€28,808
up €28,808 (+16.9%), from €170,387 to €199,194
- Taxes -€22,015
down €22,015 (-24.2%), from €91,025 to €69,010
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
€350,196
Gross operating margin
-€135,929
Staff costs
+€3,489
Depreciation
-€28,808
Write-downs
-€479
Other operating charges
-€8,227
Other operating items
-€2,547
Financial income
-€2,461
Financial charges
-€9,897
Taxes
+€22,015
Result 2025
€187,352
raises the resultlowers the resultnot broken down further in the accounts
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
+€447,138
Investment
-€189,211
Financing
-€215,664
Cash 2024
€23,487
From operations (derived)
+€447,138
Net result for the year
+€187,352
Depreciation
+€199,194
Receivables after one year
+€4,493
Receivables within one year
+€52,439
Deferred charges and accrued income
+€3,422
Trade debts
+€82,961
Tax, wage and social debts
-€12,088
Other debts
-€70,060
Accrued charges and deferred income
-€576
Investment (derived)
-€189,211
Investment in fixed assets (net)
-€189,211
Financing
-€215,664
Debts after one year
-€41,773
Current portion of long-term debt
+€11,109
Contributions, distributions and other
-€185,000
Cash 2025
€65,749
brings cash intakes cash out
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €1,990,841 | €1,962,766 | -€28,075 | -1.4% |
| Fixed assets | 21/28 | €1,815,492 | €1,805,509 | -€9,983 | -0.5% |
| Tangible fixed assets | 22/27 | €1,798,999 | €1,789,016 | -€9,983 | -0.6% |
| Land and buildings | 22 | €1,558,939 | €1,455,034 | -€103,905 | -6.7% |
| Plant, machinery and equipment | 23 | €113,515 | €185,598 | +€72,083 | +63.5% |
| Furniture and vehicles | 24 | €126,545 | €148,384 | +€21,839 | +17.3% |
| Financial fixed assets | 28 | €16,493 | €16,493 | = | 0.0% |
| Current assets | 29/58 | €175,349 | €157,257 | -€18,092 | -10.3% |
| Amounts receivable after more than one year | 29 | €4,493 | €0 | -€4,493 | -100% |
| Other amounts receivable | 291 | €4,493 | €0 | -€4,493 | -100% |
| Stocks and contracts in progress | 3 | €60,000 | €60,000 | = | 0.0% |
| Stocks | 30/36 | €60,000 | €60,000 | = | 0.0% |
| Amounts receivable within one year | 40/41 | €76,187 | €23,748 | -€52,439 | -68.8% |
| Trade receivables | 40 | €17,243 | €3,932 | -€13,311 | -77.2% |
| Other amounts receivable | 41 | €58,944 | €19,816 | -€39,128 | -66.4% |
| Cash at bank and in hand | 54/58 | €23,487 | €65,749 | +€42,262 | +180% |
| Deferred charges and accrued income | 490/1 | €11,183 | €7,760 | -€3,422 | -30.6% |
| Total equity and liabilities | 10/49 | €1,990,841 | €1,962,766 | -€28,075 | -1.4% |
| Equity | 10/15 | €240,412 | €242,765 | +€2,352 | +1.0% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €220,427 | €224,165 | +€3,738 | +1.7% |
| Distributable reserves | 133 | €220,427 | €224,165 | +€3,738 | +1.7% |
| Profit (loss) carried forward | 14 | €1,386 | €0 | -€1,386 | -100% |
| Amounts payable | 17/49 | €1,750,429 | €1,720,002 | -€30,427 | -1.7% |
| Amounts payable after more than one year | 17 | €606,659 | €564,886 | -€41,773 | -6.9% |
| Financial debts | 170/4 | €606,659 | €564,886 | -€41,773 | -6.9% |
| Amounts payable within one year | 42/48 | €1,140,421 | €1,152,343 | +€11,922 | +1.0% |
| Current portion of amounts payable after more than one year | 42 | €145,778 | €156,887 | +€11,109 | +7.6% |
| Trade debts | 44 | €310,446 | €393,407 | +€82,961 | +26.7% |
| Suppliers | 440/4 | €310,446 | €393,407 | +€82,961 | +26.7% |
| Taxes, remuneration and social security | 45 | €229,215 | €217,127 | -€12,088 | -5.3% |
| Taxes | 450/3 | €89,616 | €75,405 | -€14,211 | -15.9% |
| Remuneration and social security | 454/9 | €139,599 | €141,722 | +€2,123 | +1.5% |
| Other amounts payable | 47/48 | €454,982 | €384,922 | -€70,060 | -15.4% |
| Accrued charges and deferred income | 492/3 | €3,348 | €2,772 | -€576 | -17.2% |
| Non-recurring operating income | 76A | €6,455 | €6,461 | +€6 | +0.1% |
| Remuneration, social security and pensions | 62 | €1,218,261 | €1,214,773 | -€3,489 | -0.3% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €170,387 | €199,194 | +€28,808 | +16.9% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | - | €479 | +€479 | |
| Other operating charges | 640/8 | €157,803 | €166,030 | +€8,227 | +5.2% |
| Non-recurring operating charges | 66A | €6,455 | €9,002 | +€2,547 | +39.5% |
| Gross operating margin | 9900 | €2,069,444 | €1,933,515 | -€135,929 | -6.6% |
| Operating profit (loss) | 9901 | €516,539 | €344,037 | -€172,501 | -33.4% |
| Financial income | 75/76B | €6,302 | €3,841 | -€2,461 | -39.0% |
| Recurring financial income | 75 | €6,302 | €3,841 | -€2,461 | -39.0% |
| Financial charges | 65/66B | €81,619 | €91,516 | +€9,897 | +12.1% |
| Recurring financial charges | 65 | €81,619 | €91,516 | +€9,897 | +12.1% |
| Profit (loss) for the period before taxes | 9903 | €441,221 | €256,362 | -€184,859 | -41.9% |
| Income taxes | 67/77 | €91,025 | €69,010 | -€22,015 | -24.2% |
| Profit (loss) for the period | 9904 | €350,196 | €187,352 | -€162,844 | -46.5% |
| Profit (loss) for the period to be appropriated | 9905 | €350,196 | €187,352 | -€162,844 | -46.5% |
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 27 October 2026 via checked.be.