EUROBEL CONCEPT: what changed
What changed
EUROBEL CONCEPT
NACE 56.111, Full-service restaurants
filed annual accounts (NBB)
Net result for the year
€21,707
2025 · €28,358-€6,651
Equity
€134,991
2025 · €113,284+€21,707
Cash
€44,828
2025 · €32,546+€12,282
Balance sheet total
€197,067
2025 · €219,971-€22,904
Largest movements
Assets
- Tangible fixed assets -€39,972
down €39,972 (-28.1%), from €142,174 to €102,202
- Cash +€12,282
up €12,282 (+37.7%), from €32,546 to €44,828
mainly Depreciation (+€42,916) and Net result for the year (+€21,707)
- Stocks and contracts +€6,114
up €6,114 (+114%), from €5,371 to €11,485
Equity and liabilities
- Profit (loss) carried forward +€21,707
up €21,707 (+21.0%), from €103,284 to €124,991
- Debts after one year -€20,269
down €20,269 (-58.4%), from €34,718 to €14,449
- Other debts -€17,488
down €17,488 (-82.7%), from €21,155 to €3,666
- Current portion of long-term debt -€5,005
down €5,005 (-19.8%), from €25,274 to €20,269
Income statement
- Staff costs +€24,047
up €24,047 (+27.6%), from €87,058 to €111,105
- Other operating charges -€13,272
down €13,272 (-85.2%), from €15,583 to €2,311
- Gross operating margin +€10,863
up €10,863 (+6.2%), from €176,322 to €187,185
- Depreciation +€8,551
up €8,551 (+24.9%), from €34,365 to €42,916
Change in the result, 2025 to 2026
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 2025
€28,358
Gross operating margin
+€10,863
Staff costs
-€24,047
Depreciation
-€8,551
Other operating charges
+€13,272
Financial income
-€0
Financial charges
+€482
Taxes
+€1,329
Result 2026
€21,707
raises the resultlowers the result
Derived cash bridge
The bridge is derived from the 2025 and 2026 balance sheets and the 2026 result. There is no filed cash-flow statement. You see where the money came from and where it went.
From operations
+€40,499
Investment
-€2,944
Financing
-€25,274
Cash 2025
€32,546
From operations (derived)
+€40,499
Net result for the year
+€21,707
Depreciation
+€42,916
Stocks and contracts
-€6,114
Receivables within one year
+€2,082
Deferred charges and accrued income
-€754
Trade debts
-€1,903
Tax, wage and social debts
+€54
Other debts
-€17,488
Investment (derived)
-€2,944
Investment in fixed assets (net)
-€2,944
Financing
-€25,274
Debts after one year
-€20,269
Current portion of long-term debt
-€5,005
Cash 2026
€44,828
brings cash intakes cash out
Every line side by side
| Line | Code | 2025 | 2026 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €219,971 | €197,067 | -€22,904 | -10.4% |
| Fixed assets | 21/28 | €154,174 | €114,202 | -€39,972 | -25.9% |
| Tangible fixed assets | 22/27 | €142,174 | €102,202 | -€39,972 | -28.1% |
| Plant, machinery and equipment | 23 | €50,749 | €32,940 | -€17,809 | -35.1% |
| Furniture and vehicles | 24 | €11,053 | €6,990 | -€4,063 | -36.8% |
| Leasing and similar rights | 25 | €23,481 | €15,568 | -€7,913 | -33.7% |
| Other tangible fixed assets | 26 | €56,890 | €46,703 | -€10,187 | -17.9% |
| Financial fixed assets | 28 | €12,000 | €12,000 | = | 0.0% |
| Current assets | 29/58 | €65,798 | €82,866 | +€17,068 | +25.9% |
| Stocks and contracts in progress | 3 | €5,371 | €11,485 | +€6,114 | +114% |
| Stocks | 30/36 | €5,371 | €11,485 | +€6,114 | +114% |
| Amounts receivable within one year | 40/41 | €22,439 | €20,356 | -€2,082 | -9.3% |
| Trade receivables | 40 | €20,270 | €20,356 | +€86 | +0.4% |
| Other amounts receivable | 41 | €2,169 | - | -€2,169 | |
| Cash at bank and in hand | 54/58 | €32,546 | €44,828 | +€12,282 | +37.7% |
| Deferred charges and accrued income | 490/1 | €5,442 | €6,197 | +€754 | +13.9% |
| Total equity and liabilities | 10/49 | €219,971 | €197,067 | -€22,904 | -10.4% |
| Equity | 10/15 | €113,284 | €134,991 | +€21,707 | +19.2% |
| Contributions | 10/11 | €10,000 | €10,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | €103,284 | €124,991 | +€21,707 | +21.0% |
| Amounts payable | 17/49 | €106,687 | €62,076 | -€44,611 | -41.8% |
| Amounts payable after more than one year | 17 | €34,718 | €14,449 | -€20,269 | -58.4% |
| Financial debts | 170/4 | €34,718 | €14,449 | -€20,269 | -58.4% |
| Amounts payable within one year | 42/48 | €71,969 | €47,627 | -€24,342 | -33.8% |
| Current portion of amounts payable after more than one year | 42 | €25,274 | €20,269 | -€5,005 | -19.8% |
| Trade debts | 44 | €4,022 | €2,120 | -€1,903 | -47.3% |
| Suppliers | 440/4 | €4,022 | €2,120 | -€1,903 | -47.3% |
| Taxes, remuneration and social security | 45 | €21,519 | €21,573 | +€54 | +0.3% |
| Taxes | 450/3 | €9,278 | €7,668 | -€1,610 | -17.4% |
| Remuneration and social security | 454/9 | €12,241 | €13,904 | +€1,664 | +13.6% |
| Other amounts payable | 47/48 | €21,155 | €3,666 | -€17,488 | -82.7% |
| Remuneration, social security and pensions | 62 | €87,058 | €111,105 | +€24,047 | +27.6% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €34,365 | €42,916 | +€8,551 | +24.9% |
| Other operating charges | 640/8 | €15,583 | €2,311 | -€13,272 | -85.2% |
| Gross operating margin | 9900 | €176,322 | €187,185 | +€10,863 | +6.2% |
| Operating profit (loss) | 9901 | €39,316 | €30,854 | -€8,462 | -21.5% |
| Financial income | 75/76B | €0 | - | -€0 | |
| Recurring financial income | 75 | €0 | - | -€0 | |
| Financial charges | 65/66B | €3,485 | €3,003 | -€482 | -13.8% |
| Recurring financial charges | 65 | €3,485 | €3,003 | -€482 | -13.8% |
| Profit (loss) for the period before taxes | 9903 | €35,831 | €27,851 | -€7,980 | -22.3% |
| Income taxes | 67/77 | €7,473 | €6,143 | -€1,329 | -17.8% |
| Profit (loss) for the period | 9904 | €28,358 | €21,707 | -€6,651 | -23.5% |
| Profit (loss) for the period to be appropriated | 9905 | €28,358 | €21,707 | -€6,651 | -23.5% |
Next steps
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Calculation and sources
Source: filed annual accounts (NBB), financial years ended 31 March 2025 and 31 March 2026. Green is a favourable move for that line, red an unfavourable one. Prepared on 1 November 2026 via checked.be.