Henrik: 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
Henrik
NACE 56.111, Full-service restaurants
financial year 2025 compared with 2024filed annual accounts (NBB)
Net result for the year
-€36,948
2024 · €995-€37,942
Equity
€128,590
2024 · €165,537-€36,948
Cash
€14,154
2024 · €6,293+€7,861
Balance sheet total
€963,288
2024 · €1.0m-€49,836
Largest movements
Assets
- Tangible fixed assets -€50,319
down €50,319 (-5.1%), from €989,558 to €939,240
of which Plant, machinery and equipment: -€30,032
- Receivables after one year -€12,896
down €12,896 (-100%), from €12,896 to €0
Equity and liabilities
- Debts after one year -€52,590
down €52,590 (-7.0%), from €752,195 to €699,605
- Reserves -€36,948
down €36,948 (-25.1%), from €146,937 to €109,990
of which Distributable reserves: -€36,948
- Trade debts +€13,742
up €13,742 (+78.2%), from €17,568 to €31,310
Income statement
- Gross operating margin -€12,920
down €12,920 (-11.6%), from €110,927 to €98,007
- Other operating charges +€6,545
up €6,545 (+70.7%), from €9,253 to €15,798
- Depreciation +€2,543
up €2,543 (+4.5%), from €56,095 to €58,637
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
€995
Gross operating margin
-€12,920
Staff costs
-€1,074
Depreciation
-€2,543
Other operating charges
-€6,545
Other operating items
-€14,231
Financial income
-€13
Financial charges
-€689
Taxes
+€73
Result 2025
-€36,948
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
+€58,713
Investment
-€8,319
Financing
-€42,533
Cash 2024
€6,293
From operations (derived)
+€58,713
Net result for the year
-€36,948
Depreciation
+€58,637
Receivables after one year
+€12,896
Receivables within one year
-€4,728
Deferred charges and accrued income
-€791
Trade debts
+€13,742
Tax, wage and social debts
+€6,803
Other debts
+€10,000
Accrued charges and deferred income
-€900
Investment (derived)
-€8,319
Investment in fixed assets (net)
-€8,319
Financing
-€42,533
Debts after one year
-€52,590
Current portion of long-term debt
+€7,997
Short-term financial debts
+€2,059
Cash 2025
€14,154
brings cash intakes cash out
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €1,013,124 | €963,288 | -€49,836 | -4.9% |
| Fixed assets | 21/28 | €989,558 | €939,240 | -€50,319 | -5.1% |
| Tangible fixed assets | 22/27 | €989,558 | €939,240 | -€50,319 | -5.1% |
| Land and buildings | 22 | €906,566 | €878,253 | -€28,312 | -3.1% |
| Plant, machinery and equipment | 23 | €75,719 | €45,687 | -€30,032 | -39.7% |
| Furniture and vehicles | 24 | €7,273 | €15,299 | +€8,026 | +110% |
| Current assets | 29/58 | €23,566 | €24,049 | +€483 | +2.0% |
| Amounts receivable after more than one year | 29 | €12,896 | €0 | -€12,896 | -100% |
| Other amounts receivable | 291 | €12,896 | €0 | -€12,896 | -100% |
| Amounts receivable within one year | 40/41 | €4,376 | €9,104 | +€4,728 | +108% |
| Trade receivables | 40 | - | €1,701 | +€1,701 | |
| Other amounts receivable | 41 | €4,376 | €7,402 | +€3,027 | +69.2% |
| Cash at bank and in hand | 54/58 | €6,293 | €14,154 | +€7,861 | +125% |
| Deferred charges and accrued income | 490/1 | €0 | €791 | +€791 | |
| Total equity and liabilities | 10/49 | €1,013,124 | €963,288 | -€49,836 | -4.9% |
| Equity | 10/15 | €165,537 | €128,590 | -€36,948 | -22.3% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €146,937 | €109,990 | -€36,948 | -25.1% |
| Tax-exempt reserves | 132 | €96 | €96 | = | 0.0% |
| Distributable reserves | 133 | €146,841 | €109,893 | -€36,948 | -25.2% |
| Profit (loss) carried forward | 14 | €0 | - | = | |
| Amounts payable | 17/49 | €847,587 | €834,699 | -€12,888 | -1.5% |
| Amounts payable after more than one year | 17 | €752,195 | €699,605 | -€52,590 | -7.0% |
| Financial debts | 170/4 | €752,195 | €699,605 | -€52,590 | -7.0% |
| Amounts payable within one year | 42/48 | €94,492 | €135,093 | +€40,602 | +43.0% |
| Current portion of amounts payable after more than one year | 42 | €69,715 | €77,712 | +€7,997 | +11.5% |
| Financial debts | 43 | €0 | €2,059 | +€2,059 | |
| Credit institutions | 430/8 | €0 | €2,059 | +€2,059 | |
| Trade debts | 44 | €17,568 | €31,310 | +€13,742 | +78.2% |
| Suppliers | 440/4 | €17,568 | €31,310 | +€13,742 | +78.2% |
| Taxes, remuneration and social security | 45 | €7,209 | €14,012 | +€6,803 | +94.4% |
| Taxes | 450/3 | €5,193 | €8,540 | +€3,347 | +64.4% |
| Remuneration and social security | 454/9 | €2,015 | €5,472 | +€3,456 | +171% |
| Other amounts payable | 47/48 | €0 | €10,000 | +€10,000 | |
| Accrued charges and deferred income | 492/3 | €900 | €0 | -€900 | -100% |
| Remuneration, social security and pensions | 62 | €22,927 | €24,001 | +€1,074 | +4.7% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €56,095 | €58,637 | +€2,543 | +4.5% |
| Other operating charges | 640/8 | €9,253 | €15,798 | +€6,545 | +70.7% |
| Non-recurring operating charges | 66A | - | €14,231 | +€14,231 | |
| Gross operating margin | 9900 | €110,927 | €98,007 | -€12,920 | -11.6% |
| Operating profit (loss) | 9901 | €22,653 | -€14,661 | -€37,313 | |
| Financial income | 75/76B | €365 | €352 | -€13 | -3.7% |
| Recurring financial income | 75 | €365 | €352 | -€13 | -3.7% |
| Financial charges | 65/66B | €21,698 | €22,387 | +€689 | +3.2% |
| Recurring financial charges | 65 | €21,698 | €22,387 | +€689 | +3.2% |
| Profit (loss) for the period before taxes | 9903 | €1,320 | -€36,695 | -€38,016 | |
| Income taxes | 67/77 | €326 | €252 | -€73 | -22.5% |
| Profit (loss) for the period | 9904 | €995 | -€36,948 | -€37,942 | |
| Profit (loss) for the period to be appropriated | 9905 | €995 | -€36,948 | -€37,942 |
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 17 October 2026 via checked.be.