FUDEV: 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
FUDEV
NACE 56.111, Full-service restaurants
financial year 2025 compared with 2024filed annual accounts (NBB)
Net result for the year
€75,425
2024 · €73,925+€1,500
Equity
€350,920
2024 · €275,495+€75,425
Cash
€91,060
2024 · €50,089+€40,971
Balance sheet total
€1.0m
2024 · €1.0m-€1,909
Largest movements
Assets
- Tangible fixed assets -€43,584
down €43,584 (-6.6%), from €661,819 to €618,235
of which Other tangible fixed assets: -€55,193
- Cash +€40,971
up €40,971 (+81.8%), from €50,089 to €91,060
mainly Depreciation (+€79,750) and Net result for the year (+€75,425)
Equity and liabilities
- Reserves +€75,425
up €75,425 (+29.4%), from €256,945 to €332,370
- Debts after one year -€70,036
down €70,036 (-14.8%), from €472,784 to €402,748
Income statement
- Depreciation -€44,117
down €44,117 (-35.6%), from €123,868 to €79,750
- Gross operating margin -€40,178
down €40,178 (-11.0%), from €364,718 to €324,540
- Financial income -€18,976
down €18,976 (-91.7%), from €20,689 to €1,713
- Financial charges -€12,094
down €12,094 (-45.5%), from €26,558 to €14,464
- Staff costs -€10,274
down €10,274 (-9.0%), from €114,162 to €103,888
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
€73,925
Gross operating margin
-€40,178
Staff costs
+€10,274
Depreciation
+€44,117
Other operating charges
-€3,933
Other operating items
+€3,615
Financial income
-€18,976
Financial charges
+€12,094
Taxes
-€5,514
Result 2025
€75,425
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
+€144,508
Investment
-€34,393
Financing
-€69,144
Cash 2024
€50,089
From operations (derived)
+€144,508
Net result for the year
+€75,425
Depreciation
+€79,750
Stocks and contracts
-€126
Receivables within one year
-€1,522
Deferred charges and accrued income
-€829
Trade debts
-€9,571
Tax, wage and social debts
+€3,757
Advances received
-€6,793
Other debts
+€4,132
Accrued charges and deferred income
+€285
Investment (derived)
-€34,393
Investment in fixed assets (net)
-€34,266
Current investments
-€127
Financing
-€69,144
Debts after one year
-€70,036
Current portion of long-term debt
-€2,523
Short-term financial debts
+€3,415
Cash 2025
€91,060
brings cash intakes cash out
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €1,048,429 | €1,046,520 | -€1,909 | -0.2% |
| Fixed assets | 21/28 | €663,719 | €618,235 | -€45,484 | -6.9% |
| Tangible fixed assets | 22/27 | €661,819 | €618,235 | -€43,584 | -6.6% |
| Land and buildings | 22 | €538,113 | €526,513 | -€11,600 | -2.2% |
| Plant, machinery and equipment | 23 | €12,579 | €30,434 | +€17,855 | +142% |
| Furniture and vehicles | 24 | €14,036 | €19,390 | +€5,354 | +38.1% |
| Leasing and similar rights | 25 | €0 | - | = | |
| Other tangible fixed assets | 26 | €97,091 | €41,898 | -€55,193 | -56.8% |
| Financial fixed assets | 28 | €1,900 | €0 | -€1,900 | -100% |
| Current assets | 29/58 | €384,710 | €428,285 | +€43,575 | +11.3% |
| Stocks and contracts in progress | 3 | €800 | €926 | +€126 | +15.7% |
| Stocks | 30/36 | €800 | €926 | +€126 | +15.7% |
| Amounts receivable within one year | 40/41 | €293,200 | €294,723 | +€1,522 | +0.5% |
| Trade receivables | 40 | €97,542 | €97,755 | +€213 | +0.2% |
| Other amounts receivable | 41 | €195,659 | €196,968 | +€1,309 | +0.7% |
| Current investments | 50/53 | €30,182 | €30,309 | +€127 | +0.4% |
| Cash at bank and in hand | 54/58 | €50,089 | €91,060 | +€40,971 | +81.8% |
| Deferred charges and accrued income | 490/1 | €10,439 | €11,268 | +€829 | +7.9% |
| Total equity and liabilities | 10/49 | €1,048,429 | €1,046,520 | -€1,909 | -0.2% |
| Equity | 10/15 | €275,495 | €350,920 | +€75,425 | +27.4% |
| Contributions | 10/11 | €18,550 | €18,550 | = | 0.0% |
| Reserves | 13 | €256,945 | €332,370 | +€75,425 | +29.4% |
| Distributable reserves | 133 | €256,945 | €332,370 | +€75,425 | +29.4% |
| Investment grants | 15 | €0 | - | = | |
| Amounts payable | 17/49 | €772,934 | €695,600 | -€77,335 | -10.0% |
| Amounts payable after more than one year | 17 | €472,784 | €402,748 | -€70,036 | -14.8% |
| Financial debts | 170/4 | €472,784 | €402,748 | -€70,036 | -14.8% |
| Amounts payable within one year | 42/48 | €297,519 | €289,936 | -€7,583 | -2.5% |
| Current portion of amounts payable after more than one year | 42 | €26,995 | €24,472 | -€2,523 | -9.3% |
| Financial debts | 43 | €930 | €4,345 | +€3,415 | +367% |
| Credit institutions | 430/8 | €930 | €4,345 | +€3,415 | +367% |
| Trade debts | 44 | €72,443 | €62,872 | -€9,571 | -13.2% |
| Suppliers | 440/4 | €72,443 | €62,872 | -€9,571 | -13.2% |
| Advances received on contracts in progress | 46 | €123,881 | €117,088 | -€6,793 | -5.5% |
| Taxes, remuneration and social security | 45 | €37,764 | €41,522 | +€3,757 | +9.9% |
| Taxes | 450/3 | €22,137 | €25,769 | +€3,632 | +16.4% |
| Remuneration and social security | 454/9 | €15,627 | €15,753 | +€126 | +0.8% |
| Other amounts payable | 47/48 | €35,507 | €39,639 | +€4,132 | +11.6% |
| Accrued charges and deferred income | 492/3 | €2,631 | €2,916 | +€285 | +10.8% |
| Remuneration, social security and pensions | 62 | €114,162 | €103,888 | -€10,274 | -9.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €123,868 | €79,750 | -€44,117 | -35.6% |
| Other operating charges | 640/8 | €5,955 | €9,888 | +€3,933 | +66.0% |
| Non-recurring operating charges | 66A | €3,615 | €0 | -€3,615 | -100% |
| Gross operating margin | 9900 | €364,718 | €324,540 | -€40,178 | -11.0% |
| Operating profit (loss) | 9901 | €117,117 | €131,013 | +€13,896 | +11.9% |
| Financial income | 75/76B | €20,689 | €1,713 | -€18,976 | -91.7% |
| Recurring financial income | 75 | €20,689 | €1,713 | -€18,976 | -91.7% |
| Financial charges | 65/66B | €26,558 | €14,464 | -€12,094 | -45.5% |
| Recurring financial charges | 65 | €26,558 | €14,464 | -€12,094 | -45.5% |
| Profit (loss) for the period before taxes | 9903 | €111,248 | €118,263 | +€7,014 | +6.3% |
| Income taxes | 67/77 | €37,323 | €42,837 | +€5,514 | +14.8% |
| Profit (loss) for the period | 9904 | €73,925 | €75,425 | +€1,500 | +2.0% |
| Profit (loss) for the period to be appropriated | 9905 | €73,925 | €75,425 | +€1,500 | +2.0% |
Source: filed annual accounts (NBB), financial years ended 30 June 2024 and 30 June 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 20 October 2026 via checked.be.