ESTOLI: 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
ESTOLI
NACE 56.111, Full-service restaurants
financial year 2024 against 2025filed annual accounts (NBB)
Net result for the year
-€60,766
2024 · -€90,395+€29,628
Equity
-€84,710
2024 · -€23,943-€60,766
Cash
€13,902
2024 · €9,708+€4,194
Balance sheet total
€672,757
2024 · €775,461-€102,703
Largest movements
Assets
- Tangible fixed assets -€99,446
down €99,446 (-15.4%), from €645,087 to €545,641
of which Plant, machinery and equipment: -€76,659
Equity and liabilities
- Other debts +€64,584
up €64,584 (+33.3%), from €194,143 to €258,727
- Profit (loss) carried forward -€60,766
down €60,766 (-40.5%), from -€150,125 to -€210,892
- Debts after one year -€59,129
down €59,129 (-18.0%), from €329,112 to €269,983
- Trade debts -€49,647
down €49,647 (-44.1%), from €112,647 to €63,000
- Advances received +€20,374
up €20,374 (+652.7%), from €3,121 to €23,495
Income statement
- Gross operating margin +€26,172
up €26,172 (+7.2%), from €365,285 to €391,458
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
-€90,395
Gross operating margin
+€26,172
Staff costs
-€549
Depreciation
-€13
Other operating charges
+€2,145
Financial income
-€48
Financial charges
+€1,894
Taxes
+€27
Result 2025
-€60,766
Cash bridge derived
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
+€79,265
Investment
-€6,530
Financing
-€68,541
Cash 2024
€9,708
From operations (derived)
+€79,265
Net result for the year
-€60,766
Depreciation
+€109,075
Stocks and contracts
+€7,599
Receivables within one year
-€4,299
Deferred charges and accrued income
+€1,054
Trade debts
-€49,647
Tax, wage and social debts
-€8,707
Advances received
+€20,374
Other debts
+€64,584
Investment (derived)
-€6,530
Investment in fixed assets (net)
-€6,530
Financing
-€68,541
Debts after one year
-€59,129
Current portion of long-term debt
-€9,412
Cash 2025
€13,902
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €775,461 | €672,757 | -€102,703 | -13.2% |
| Fixed assets | 21/28 | €649,879 | €547,335 | -€102,544 | -15.8% |
| Intangible fixed assets | 21 | €3,541 | €443 | -€3,098 | -87.5% |
| Tangible fixed assets | 22/27 | €645,087 | €545,641 | -€99,446 | -15.4% |
| Land and buildings | 22 | €78,622 | €65,518 | -€13,104 | -16.7% |
| Plant, machinery and equipment | 23 | €479,817 | €403,158 | -€76,659 | -16.0% |
| Furniture and vehicles | 24 | €86,648 | €76,964 | -€9,684 | -11.2% |
| Financial fixed assets | 28 | €1,252 | €1,252 | = | 0.0% |
| Current assets | 29/58 | €125,581 | €125,422 | -€159 | -0.1% |
| Stocks and contracts in progress | 3 | €60,022 | €52,423 | -€7,599 | -12.7% |
| Stocks | 30/36 | €60,022 | €52,423 | -€7,599 | -12.7% |
| Amounts receivable within one year | 40/41 | €52,395 | €56,694 | +€4,299 | +8.2% |
| Trade receivables | 40 | €36,963 | €43,797 | +€6,834 | +18.5% |
| Other amounts receivable | 41 | €15,431 | €12,897 | -€2,535 | -16.4% |
| Cash at bank and in hand | 54/58 | €9,708 | €13,902 | +€4,194 | +43.2% |
| Deferred charges and accrued income | 490/1 | €3,457 | €2,403 | -€1,054 | -30.5% |
| Total equity and liabilities | 10/49 | €775,461 | €672,757 | -€102,703 | -13.2% |
| Equity | 10/15 | -€23,943 | -€84,710 | -€60,766 | -253.8% |
| Contributions | 10/11 | €125,000 | €125,000 | = | 0.0% |
| Reserves | 13 | €1,182 | €1,182 | = | 0.0% |
| Non-distributable reserves | 130/1 | €1,182 | €1,182 | = | 0.0% |
| Other | 1319 | €1,182 | €1,182 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€150,125 | -€210,892 | -€60,766 | -40.5% |
| Amounts payable | 17/49 | €799,404 | €757,467 | -€41,937 | -5.2% |
| Amounts payable after more than one year | 17 | €329,112 | €269,983 | -€59,129 | -18.0% |
| Financial debts | 170/4 | €329,112 | €269,983 | -€59,129 | -18.0% |
| Amounts payable within one year | 42/48 | €470,292 | €487,484 | +€17,192 | +3.7% |
| Current portion of amounts payable after more than one year | 42 | €68,541 | €59,129 | -€9,412 | -13.7% |
| Trade debts | 44 | €112,647 | €63,000 | -€49,647 | -44.1% |
| Suppliers | 440/4 | €112,647 | €63,000 | -€49,647 | -44.1% |
| Advances received on contracts in progress | 46 | €3,121 | €23,495 | +€20,374 | +652.7% |
| Taxes, remuneration and social security | 45 | €91,840 | €83,133 | -€8,707 | -9.5% |
| Taxes | 450/3 | €43,178 | €31,256 | -€11,922 | -27.6% |
| Remuneration and social security | 454/9 | €48,661 | €51,877 | +€3,215 | +6.6% |
| Other amounts payable | 47/48 | €194,143 | €258,727 | +€64,584 | +33.3% |
| Non-recurring operating income | 76A | €14,988 | - | -€14,988 | |
| Remuneration, social security and pensions | 62 | €314,374 | €314,923 | +€549 | +0.2% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €109,062 | €109,075 | +€13 | 0.0% |
| Other operating charges | 640/8 | €10,268 | €8,124 | -€2,145 | -20.9% |
| Gross operating margin | 9900 | €365,285 | €391,458 | +€26,172 | +7.2% |
| Operating profit (loss) | 9901 | -€68,419 | -€40,664 | +€27,756 | +40.6% |
| Financial income | 75/76B | €121 | €72 | -€48 | -40.1% |
| Recurring financial income | 75 | €121 | €72 | -€48 | -40.1% |
| Financial charges | 65/66B | €21,626 | €19,733 | -€1,894 | -8.8% |
| Recurring financial charges | 65 | €21,626 | €19,733 | -€1,894 | -8.8% |
| Profit (loss) for the period before taxes | 9903 | -€89,925 | -€60,324 | +€29,601 | +32.9% |
| Income taxes | 67/77 | €469 | €443 | -€27 | -5.7% |
| Profit (loss) for the period | 9904 | -€90,395 | -€60,766 | +€29,628 | +32.8% |
| Profit (loss) for the period to be appropriated | 9905 | -€90,395 | -€60,766 | +€29,628 | +32.8% |
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 12 October 2026 via checked.be.