de Vink: 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 Vink
NACE 56.111, Full-service restaurants
financial year 2025 compared with 2024filed annual accounts (NBB)
Net result for the year
€101,210
2024 · €102,009-€798
Equity
€603,824
2024 · €502,613+€101,210
Cash
€78,184
2024 · €69,950+€8,234
Balance sheet total
€1.9m
2024 · €2.0m-€19,959
Largest movements
Assets
- Tangible fixed assets -€41,802
down €41,802 (-2.2%), from €1.9m to €1.8m
of which Leasing and similar rights: -€69,451
Equity and liabilities
- Debts after one year -€224,072
down €224,072 (-21.5%), from €1.0m to €818,137
of which Financial debts: -€224,072
- Reserves +€101,210
up €101,210 (+41.5%), from €244,063 to €345,274
- Current portion of long-term debt +€67,352
up €67,352 (+41.8%), from €161,220 to €228,572
- Other debts +€25,342
up €25,342 (+29.6%), from €85,538 to €110,881
- Accrued charges and deferred income +€23,114
up €23,114 (+313%), from €7,387 to €30,502
Income statement
- Gross operating margin +€68,845
up €68,845 (+11.9%), from €578,499 to €647,344
- Taxes +€36,078
up €36,078 (+246%), from €14,691 to €50,770
- Staff costs +€27,324
up €27,324 (+7.7%), from €353,511 to €380,836
- Financial charges +€10,494
up €10,494 (+31.6%), from €33,213 to €43,706
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
€102,009
Gross operating margin
+€68,845
Staff costs
-€27,324
Depreciation
+€312
Other operating charges
+€541
Other operating items
+€3,450
Financial income
-€50
Financial charges
-€10,494
Taxes
-€36,078
Result 2025
€101,210
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
+€200,173
Investment
-€23,951
Financing
-€167,988
Cash 2024
€69,950
From operations (derived)
+€200,173
Net result for the year
+€101,210
Depreciation
+€65,753
Stocks and contracts
-€169
Receivables within one year
-€12,188
Deferred charges and accrued income
-€1,251
Trade debts
-€9,250
Tax, wage and social debts
+€11,681
Advances received
-€4,070
Other debts
+€25,342
Accrued charges and deferred income
+€23,114
Investment (derived)
-€23,951
Investment in fixed assets (net)
-€23,951
Financing
-€167,988
Debts after one year
-€224,072
Current portion of long-term debt
+€67,352
Short-term financial debts
-€11,268
Cash 2025
€78,184
brings cash intakes cash out
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €1,958,465 | €1,938,506 | -€19,959 | -1.0% |
| Fixed assets | 21/28 | €1,872,905 | €1,831,103 | -€41,802 | -2.2% |
| Tangible fixed assets | 22/27 | €1,872,905 | €1,831,103 | -€41,802 | -2.2% |
| Land and buildings | 22 | €1,770,916 | €1,745,205 | -€25,711 | -1.5% |
| Plant, machinery and equipment | 23 | €12,395 | €73,157 | +€60,762 | +490% |
| Furniture and vehicles | 24 | €20,143 | €12,742 | -€7,401 | -36.7% |
| Leasing and similar rights | 25 | €69,451 | €0 | -€69,451 | -100% |
| Current assets | 29/58 | €85,561 | €107,403 | +€21,843 | +25.5% |
| Stocks and contracts in progress | 3 | €7,742 | €7,911 | +€169 | +2.2% |
| Stocks | 30/36 | €7,742 | €7,911 | +€169 | +2.2% |
| Amounts receivable within one year | 40/41 | €3,478 | €15,667 | +€12,188 | +350% |
| Trade receivables | 40 | €2,105 | €14,294 | +€12,189 | +579% |
| Other amounts receivable | 41 | €1,373 | €1,373 | -€0 | 0.0% |
| Cash at bank and in hand | 54/58 | €69,950 | €78,184 | +€8,234 | +11.8% |
| Deferred charges and accrued income | 490/1 | €4,389 | €5,641 | +€1,251 | +28.5% |
| Total equity and liabilities | 10/49 | €1,958,465 | €1,938,506 | -€19,959 | -1.0% |
| Equity | 10/15 | €502,613 | €603,824 | +€101,210 | +20.1% |
| Contributions | 10/11 | €258,550 | €258,550 | = | 0.0% |
| Reserves | 13 | €244,063 | €345,274 | +€101,210 | +41.5% |
| Distributable reserves | 133 | €244,063 | €345,274 | +€101,210 | +41.5% |
| Profit (loss) carried forward | 14 | €0 | €0 | = | |
| Amounts payable | 17/49 | €1,455,852 | €1,334,683 | -€121,169 | -8.3% |
| Amounts payable after more than one year | 17 | €1,042,208 | €818,137 | -€224,072 | -21.5% |
| Financial debts | 170/4 | €874,593 | €650,522 | -€224,072 | -25.6% |
| Other amounts payable | 178/9 | €167,615 | €167,615 | = | 0.0% |
| Amounts payable within one year | 42/48 | €406,257 | €486,044 | +€79,788 | +19.6% |
| Current portion of amounts payable after more than one year | 42 | €161,220 | €228,572 | +€67,352 | +41.8% |
| Financial debts | 43 | €19,353 | €8,085 | -€11,268 | -58.2% |
| Credit institutions | 430/8 | €19,353 | €8,085 | -€11,268 | -58.2% |
| Trade debts | 44 | €42,519 | €33,269 | -€9,250 | -21.8% |
| Suppliers | 440/4 | €42,519 | €33,269 | -€9,250 | -21.8% |
| Advances received on contracts in progress | 46 | €5,870 | €1,800 | -€4,070 | -69.3% |
| Taxes, remuneration and social security | 45 | €91,756 | €103,437 | +€11,681 | +12.7% |
| Taxes | 450/3 | €42,952 | €53,749 | +€10,797 | +25.1% |
| Remuneration and social security | 454/9 | €48,804 | €49,688 | +€884 | +1.8% |
| Other amounts payable | 47/48 | €85,538 | €110,881 | +€25,342 | +29.6% |
| Accrued charges and deferred income | 492/3 | €7,387 | €30,502 | +€23,114 | +313% |
| Non-recurring operating income | 76A | - | €9,173 | +€9,173 | |
| Remuneration, social security and pensions | 62 | €353,511 | €380,836 | +€27,324 | +7.7% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €66,065 | €65,753 | -€312 | -0.5% |
| Other operating charges | 640/8 | €5,647 | €5,106 | -€541 | -9.6% |
| Non-recurring operating charges | 66A | €3,450 | €0 | -€3,450 | -100% |
| Gross operating margin | 9900 | €578,499 | €647,344 | +€68,845 | +11.9% |
| Operating profit (loss) | 9901 | €149,825 | €195,649 | +€45,823 | +30.6% |
| Financial income | 75/76B | €88 | €38 | -€50 | -57.1% |
| Recurring financial income | 75 | €88 | €38 | -€50 | -57.1% |
| Financial charges | 65/66B | €33,213 | €43,706 | +€10,494 | +31.6% |
| Recurring financial charges | 65 | €33,213 | €43,706 | +€10,494 | +31.6% |
| Profit (loss) for the period before taxes | 9903 | €116,700 | €151,980 | +€35,280 | +30.2% |
| Income taxes | 67/77 | €14,691 | €50,770 | +€36,078 | +246% |
| Profit (loss) for the period | 9904 | €102,009 | €101,210 | -€798 | -0.8% |
| Profit (loss) for the period to be appropriated | 9905 | €102,009 | €101,210 | -€798 | -0.8% |
Source: filed annual accounts (NBB), financial years ended 30 September 2024 and 30 September 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 14 October 2026 via checked.be.