Den Tegeleir: 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
Den Tegeleir
NACE 56.111, Full-service restaurants
financial year 2025 compared with 2024filed annual accounts (NBB)
Net result for the year
€1,139
2024 · -€229+€1,368
Equity
€462,031
2024 · €460,892+€1,139
Cash
€54,827
2024 · €51,559+€3,268
Balance sheet total
€1.9m
2024 · €1.9m+€27,851
Largest movements
Assets
- Receivables within one year +€68,115
up €68,115 (+141%), from €48,252 to €116,367
of which Trade receivables: +€55,030
- Stocks and contracts -€40,000
down €40,000 (-33.3%), from €120,000 to €80,000
- Tangible fixed assets -€23,335
down €23,335 (-2.8%), from €828,162 to €804,827
Equity and liabilities
- Trade debts +€37,301
up €37,301 (+357%), from €10,460 to €47,761
- Debts after one year -€28,752
down €28,752 (-2.3%), from €1.2m to €1.2m
of which Financial debts: -€28,752
Income statement
- Financial charges -€11,289
down €11,289 (-29.4%), from €38,387 to €27,098
- Gross operating margin -€5,387
down €5,387 (-6.6%), from €81,312 to €75,926
- Depreciation +€2,593
up €2,593 (+6.5%), from €40,149 to €42,742
- Financial income -€1,467
down €1,467 (-27.8%), from €5,271 to €3,803
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
-€229
Gross operating margin
-€5,387
Depreciation
-€2,593
Other operating charges
-€236
Financial income
-€1,467
Financial charges
+€11,289
Taxes
-€237
Result 2025
€1,139
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
+€51,427
Investment
-€19,407
Financing
-€28,752
Cash 2024
€51,559
From operations (derived)
+€51,427
Net result for the year
+€1,139
Depreciation
+€42,742
Receivables after one year
-€16,888
Stocks and contracts
+€40,000
Receivables within one year
-€68,115
Deferred charges and accrued income
-€2,915
Provisions
-€2,419
Trade debts
+€37,301
Tax, wage and social debts
+€1,974
Other debts
+€8,601
Accrued charges and deferred income
+€10,006
Investment (derived)
-€19,407
Investment in fixed assets (net)
-€19,407
Financing
-€28,752
Debts after one year
-€28,752
Cash 2025
€54,827
brings cash intakes cash out
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €1,917,397 | €1,945,248 | +€27,851 | +1.5% |
| Fixed assets | 21/28 | €1,505,662 | €1,482,327 | -€23,335 | -1.5% |
| Tangible fixed assets | 22/27 | €828,162 | €804,827 | -€23,335 | -2.8% |
| Land and buildings | 22 | €828,162 | €804,827 | -€23,335 | -2.8% |
| Financial fixed assets | 28 | €677,500 | €677,500 | = | 0.0% |
| Current assets | 29/58 | €411,735 | €462,921 | +€51,186 | +12.4% |
| Amounts receivable after more than one year | 29 | €185,580 | €202,469 | +€16,888 | +9.1% |
| Trade receivables | 290 | €185,580 | €202,469 | +€16,888 | +9.1% |
| Stocks and contracts in progress | 3 | €120,000 | €80,000 | -€40,000 | -33.3% |
| Contracts in progress | 37 | €120,000 | €80,000 | -€40,000 | -33.3% |
| Amounts receivable within one year | 40/41 | €48,252 | €116,367 | +€68,115 | +141% |
| Trade receivables | 40 | €41,460 | €96,490 | +€55,030 | +133% |
| Other amounts receivable | 41 | €6,792 | €19,877 | +€13,085 | +193% |
| Cash at bank and in hand | 54/58 | €51,559 | €54,827 | +€3,268 | +6.3% |
| Deferred charges and accrued income | 490/1 | €6,343 | €9,258 | +€2,915 | +46.0% |
| Total equity and liabilities | 10/49 | €1,917,397 | €1,945,248 | +€27,851 | +1.5% |
| Equity | 10/15 | €460,892 | €462,031 | +€1,139 | +0.2% |
| Contributions | 10/11 | €123,947 | €123,947 | = | 0.0% |
| Capital | 10 | €123,947 | €123,947 | = | 0.0% |
| Issued capital | 100 | €123,947 | €123,947 | = | 0.0% |
| Reserves | 13 | €223,778 | €216,521 | -€7,257 | -3.2% |
| Non-distributable reserves | 130/1 | €13,077 | €13,077 | = | 0.0% |
| Legal reserve | 130 | €13,077 | €13,077 | = | 0.0% |
| Tax-exempt reserves | 132 | €150,858 | €143,601 | -€7,257 | -4.8% |
| Distributable reserves | 133 | €59,844 | €59,844 | = | 0.0% |
| Profit (loss) carried forward | 14 | €113,167 | €121,563 | +€8,396 | +7.4% |
| Provisions and deferred taxes | 16 | €50,200 | €47,781 | -€2,419 | -4.8% |
| Deferred taxes | 168 | €50,200 | €47,781 | -€2,419 | -4.8% |
| Amounts payable | 17/49 | €1,406,305 | €1,435,436 | +€29,131 | +2.1% |
| Amounts payable after more than one year | 17 | €1,234,151 | €1,205,399 | -€28,752 | -2.3% |
| Financial debts | 170/4 | €1,215,151 | €1,186,399 | -€28,752 | -2.4% |
| Other amounts payable | 178/9 | €19,000 | €19,000 | = | 0.0% |
| Amounts payable within one year | 42/48 | €151,144 | €199,021 | +€47,877 | +31.7% |
| Current portion of amounts payable after more than one year | 42 | €72,000 | €72,000 | = | 0.0% |
| Financial debts | 43 | €65,252 | €65,252 | = | 0.0% |
| Credit institutions | 430/8 | €65,252 | €65,252 | = | 0.0% |
| Trade debts | 44 | €10,460 | €47,761 | +€37,301 | +357% |
| Suppliers | 440/4 | €10,460 | €47,761 | +€37,301 | +357% |
| Taxes, remuneration and social security | 45 | €3,204 | €5,178 | +€1,974 | +61.6% |
| Taxes | 450/3 | €3,204 | €5,178 | +€1,974 | +61.6% |
| Other amounts payable | 47/48 | €228 | €8,829 | +€8,601 | +3,772% |
| Accrued charges and deferred income | 492/3 | €21,010 | €31,016 | +€10,006 | +47.6% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €40,149 | €42,742 | +€2,593 | +6.5% |
| Other operating charges | 640/8 | €7,738 | €7,974 | +€236 | +3.1% |
| Gross operating margin | 9900 | €81,312 | €75,926 | -€5,387 | -6.6% |
| Operating profit (loss) | 9901 | €33,426 | €25,210 | -€8,216 | -24.6% |
| Financial income | 75/76B | €5,271 | €3,803 | -€1,467 | -27.8% |
| Recurring financial income | 75 | €5,271 | €3,803 | -€1,467 | -27.8% |
| Financial charges | 65/66B | €38,387 | €27,098 | -€11,289 | -29.4% |
| Recurring financial charges | 65 | €38,387 | €27,098 | -€11,289 | -29.4% |
| Profit (loss) for the period before taxes | 9903 | €310 | €1,915 | +€1,606 | +518% |
| Transfer from deferred taxes | 780 | €2,419 | €2,419 | = | 0.0% |
| Income taxes | 67/77 | €2,958 | €3,195 | +€237 | +8.0% |
| Profit (loss) for the period | 9904 | -€229 | €1,139 | +€1,368 | |
| Transfer from tax-exempt reserves | 789 | €7,257 | €7,257 | = | 0.0% |
| Profit (loss) for the period to be appropriated | 9905 | €7,028 | €8,396 | +€1,368 | +19.5% |
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 26 October 2026 via checked.be.