Go.fre: 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
Go.fre
NACE 56.111, Full-service restaurants
financial year 2025 compared with 2024filed annual accounts (NBB)
Net result for the year
€181,533
2024 · -€99,904+€281,437
Equity
€631,936
2024 · €450,403+€181,533
Cash
€96,747
2024 · €147,942-€51,195
Balance sheet total
€3.2m
2024 · €3.3m-€152,160
Largest movements
Assets
- Tangible fixed assets -€67,875
down €67,875 (-2.2%), from €3.1m to €3.0m
of which Land and buildings: -€53,474
- Cash -€51,195
down €51,195 (-34.6%), from €147,942 to €96,747
mainly Debts after one year (-€385,697) and Investment in fixed assets (net) (-€28,059)
Equity and liabilities
- Debts after one year -€385,697
down €385,697 (-20.0%), from €1.9m to €1.5m
- Reserves +€181,533
up €181,533 (+46.5%), from €390,403 to €571,936
of which Distributable reserves: +€181,533
- Short-term financial debts +€50,000
new in 2025: €50,000
Income statement
- Gross operating margin +€240,935
up €240,935 (+73.4%), from €328,426 to €569,361
- Other operating charges -€205,003
down €205,003 (-95.5%), from €214,700 to €9,697
- Taxes +€72,333
up €72,333, from -€30 to €72,304
- Financial charges +€19,445
up €19,445 (+35.7%), from €54,535 to €73,979
- Staff costs +€17,287
up €17,287 (+15.9%), from €108,413 to €125,700
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
-€99,904
Gross operating margin
+€240,935
Staff costs
-€17,287
Depreciation
-€12,360
Other operating charges
+€205,003
Financial income
+€1,047
Financial charges
-€19,445
Taxes
-€72,333
Deferred taxes and other
-€44,123
Result 2025
€181,533
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
+€326,794
Investment
-€28,059
Financing
-€349,930
Cash 2024
€147,942
From operations (derived)
+€326,794
Net result for the year
+€181,533
Depreciation
+€108,434
Stocks and contracts
-€10,948
Receivables within one year
+€29,892
Deferred charges and accrued income
+€1,645
Trade debts
-€1,533
Tax, wage and social debts
-€1,792
Other debts
+€6,668
Accrued charges and deferred income
+€12,894
Investment (derived)
-€28,059
Investment in fixed assets (net)
-€28,059
Financing
-€349,930
Debts after one year
-€385,697
Current portion of long-term debt
-€14,233
Short-term financial debts
+€50,000
Cash 2025
€96,747
brings cash intakes cash out
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €3,317,618 | €3,165,458 | -€152,160 | -4.6% |
| Fixed assets | 21/28 | €3,131,011 | €3,050,636 | -€80,375 | -2.6% |
| Intangible fixed assets | 21 | €50,479 | €37,979 | -€12,500 | -24.8% |
| Tangible fixed assets | 22/27 | €3,080,166 | €3,012,291 | -€67,875 | -2.2% |
| Land and buildings | 22 | €3,058,916 | €3,005,442 | -€53,474 | -1.7% |
| Plant, machinery and equipment | 23 | €8,840 | €2,260 | -€6,580 | -74.4% |
| Furniture and vehicles | 24 | €8,504 | €1,808 | -€6,695 | -78.7% |
| Other tangible fixed assets | 26 | €3,907 | €2,781 | -€1,126 | -28.8% |
| Financial fixed assets | 28 | €366 | €366 | = | 0.0% |
| Current assets | 29/58 | €186,607 | €114,822 | -€71,785 | -38.5% |
| Stocks and contracts in progress | 3 | €3,823 | €14,770 | +€10,948 | +286% |
| Stocks | 30/36 | €3,823 | €14,770 | +€10,948 | +286% |
| Amounts receivable within one year | 40/41 | €31,223 | €1,331 | -€29,892 | -95.7% |
| Trade receivables | 40 | €31,206 | €1,316 | -€29,890 | -95.8% |
| Other amounts receivable | 41 | €17 | €15 | -€3 | -14.8% |
| Cash at bank and in hand | 54/58 | €147,942 | €96,747 | -€51,195 | -34.6% |
| Deferred charges and accrued income | 490/1 | €3,619 | €1,974 | -€1,645 | -45.5% |
| Total equity and liabilities | 10/49 | €3,317,618 | €3,165,458 | -€152,160 | -4.6% |
| Equity | 10/15 | €450,403 | €631,936 | +€181,533 | +40.3% |
| Contributions | 10/11 | €60,000 | €60,000 | = | 0.0% |
| Reserves | 13 | €390,403 | €571,936 | +€181,533 | +46.5% |
| Tax-exempt reserves | 132 | €0 | - | = | |
| Distributable reserves | 133 | €390,403 | €571,936 | +€181,533 | +46.5% |
| Provisions and deferred taxes | 16 | €0 | - | = | |
| Deferred taxes | 168 | €0 | - | = | |
| Amounts payable | 17/49 | €2,867,215 | €2,533,522 | -€333,693 | -11.6% |
| Amounts payable after more than one year | 17 | €1,924,086 | €1,538,389 | -€385,697 | -20.0% |
| Financial debts | 170/4 | €1,924,086 | €1,538,389 | -€385,697 | -20.0% |
| Amounts payable within one year | 42/48 | €920,944 | €960,054 | +€39,110 | +4.2% |
| Current portion of amounts payable after more than one year | 42 | €149,930 | €135,697 | -€14,233 | -9.5% |
| Financial debts | 43 | - | €50,000 | +€50,000 | |
| Credit institutions | 430/8 | - | €50,000 | +€50,000 | |
| Trade debts | 44 | €12,344 | €10,811 | -€1,533 | -12.4% |
| Suppliers | 440/4 | €12,344 | €10,811 | -€1,533 | -12.4% |
| Taxes, remuneration and social security | 45 | €27,597 | €25,805 | -€1,792 | -6.5% |
| Taxes | 450/3 | €16,653 | €13,625 | -€3,029 | -18.2% |
| Remuneration and social security | 454/9 | €10,943 | €12,180 | +€1,237 | +11.3% |
| Other amounts payable | 47/48 | €731,073 | €737,741 | +€6,668 | +0.9% |
| Accrued charges and deferred income | 492/3 | €22,185 | €35,079 | +€12,894 | +58.1% |
| Remuneration, social security and pensions | 62 | €108,413 | €125,700 | +€17,287 | +15.9% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €96,074 | €108,434 | +€12,360 | +12.9% |
| Other operating charges | 640/8 | €214,700 | €9,697 | -€205,003 | -95.5% |
| Gross operating margin | 9900 | €328,426 | €569,361 | +€240,935 | +73.4% |
| Operating profit (loss) | 9901 | -€90,762 | €325,530 | +€416,291 | |
| Financial income | 75/76B | €1,240 | €2,286 | +€1,047 | +84.4% |
| Recurring financial income | 75 | €1,240 | €2,286 | +€1,047 | +84.4% |
| Financial charges | 65/66B | €54,535 | €73,979 | +€19,445 | +35.7% |
| Recurring financial charges | 65 | €54,535 | €73,979 | +€19,445 | +35.7% |
| Profit (loss) for the period before taxes | 9903 | -€144,057 | €253,837 | +€397,893 | |
| Transfer from deferred taxes | 780 | €44,123 | €0 | -€44,123 | -100% |
| Income taxes | 67/77 | -€30 | €72,304 | +€72,333 | |
| Profit (loss) for the period | 9904 | -€99,904 | €181,533 | +€281,437 | |
| Transfer from tax-exempt reserves | 789 | €132,369 | €0 | -€132,369 | -100% |
| Profit (loss) for the period to be appropriated | 9905 | €32,466 | €181,533 | +€149,067 | +459% |
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 14 October 2026 via checked.be.