Het Pannenhuis: what changed
What changed
Het Pannenhuis
NACE 56.111, Full-service restaurants
filed annual accounts (NBB)
Net result for the year
€61,188
2024 · €28,516+€32,672
Equity
€200,106
2024 · €238,917-€38,812
Cash
€26,273
2024 · €10,546+€15,726
Balance sheet total
€422,455
2024 · €426,945-€4,490
Largest movements
Assets
- Tangible fixed assets -€103,546
down €103,546 (-35.4%), from €292,170 to €188,624
of which Land and buildings: -€103,020
- Current investments +€35,229
up €35,229 (+71.2%), from €49,500 to €84,729
- Receivables within one year +€32,087
up €32,087 (+121%), from €26,440 to €58,527
of which Other amounts receivable: +€38,048
- Cash +€15,726
up €15,726 (+149%), from €10,546 to €26,273
mainly Investment in fixed assets (net) (+€63,521) and Net result for the year (+€61,188)
- Deferred charges and accrued income +€8,719
up €8,719 (+2,169%), from €402 to €9,121
Equity and liabilities
- Revaluation surpluses -€100,000
no longer reported in 2025 (was €100,000)
- Reserves +€61,188
up €61,188 (+79.8%), from €76,676 to €137,865
- Debts after one year +€18,438
up €18,438 (+29.5%), from €62,489 to €80,927
- Trade debts +€11,063
up €11,063 (+80.5%), from €13,736 to €24,799
- Current portion of long-term debt +€6,947
up €6,947 (+36.3%), from €19,148 to €26,095
Income statement
- Gross operating margin +€81,696
up €81,696 (+57.2%), from €142,907 to €224,603
- Staff costs +€27,115
up €27,115 (+47.0%), from €57,647 to €84,762
- Taxes +€18,941
up €18,941 (+237%), from €7,985 to €26,926
- Depreciation +€2,253
up €2,253 (+6.0%), from €37,771 to €40,025
Change in the result, 2024 to 2025
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 2024
€28,516
Gross operating margin
+€81,696
Staff costs
-€27,115
Depreciation
-€2,253
Other operating charges
-€202
Financial income
+€374
Financial charges
-€886
Taxes
-€18,941
Result 2025
€61,188
raises the resultlowers the result
Derived cash bridge
The bridge is derived from the 2024 and 2025 balance sheets and the 2025 result. There is no filed cash-flow statement. You see where the money came from and where it went.
From operations
+€62,048
Investment
+€28,293
Financing
-€74,614
Cash 2024
€10,546
From operations (derived)
+€62,048
Net result for the year
+€61,188
Depreciation
+€40,025
Stocks and contracts
-€7,295
Receivables within one year
-€32,087
Deferred charges and accrued income
-€8,719
Trade debts
+€11,063
Tax, wage and social debts
-€3,090
Advances received
-€4,619
Other debts
+€3,126
Accrued charges and deferred income
+€2,456
Investment (derived)
+€28,293
Investment in fixed assets (net)
+€63,521
Current investments
-€35,229
Financing
-€74,614
Debts after one year
+€18,438
Current portion of long-term debt
+€6,947
Contributions, distributions and other
-€100,000
Cash 2025
€26,273
brings cash intakes cash out
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €426,945 | €422,455 | -€4,490 | -1.1% |
| Fixed assets | 21/28 | €292,170 | €188,624 | -€103,546 | -35.4% |
| Tangible fixed assets | 22/27 | €292,170 | €188,624 | -€103,546 | -35.4% |
| Land and buildings | 22 | €107,020 | €4,000 | -€103,020 | -96.3% |
| Plant, machinery and equipment | 23 | €41,565 | €36,686 | -€4,879 | -11.7% |
| Furniture and vehicles | 24 | €1,912 | €28,398 | +€26,486 | +1,385% |
| Other tangible fixed assets | 26 | €141,672 | €119,540 | -€22,132 | -15.6% |
| Current assets | 29/58 | €134,775 | €233,831 | +€99,056 | +73.5% |
| Stocks and contracts in progress | 3 | €47,887 | €55,182 | +€7,295 | +15.2% |
| Stocks | 30/36 | €47,887 | €55,182 | +€7,295 | +15.2% |
| Amounts receivable within one year | 40/41 | €26,440 | €58,527 | +€32,087 | +121% |
| Trade receivables | 40 | €15,547 | €9,586 | -€5,961 | -38.3% |
| Other amounts receivable | 41 | €10,893 | €48,941 | +€38,048 | +349% |
| Current investments | 50/53 | €49,500 | €84,729 | +€35,229 | +71.2% |
| Cash at bank and in hand | 54/58 | €10,546 | €26,273 | +€15,726 | +149% |
| Deferred charges and accrued income | 490/1 | €402 | €9,121 | +€8,719 | +2,169% |
| Total equity and liabilities | 10/49 | €426,945 | €422,455 | -€4,490 | -1.1% |
| Equity | 10/15 | €238,917 | €200,106 | -€38,812 | -16.2% |
| Contributions | 10/11 | €61,973 | €61,973 | = | 0.0% |
| Capital | 10 | €61,973 | €61,973 | = | 0.0% |
| Issued capital | 100 | €61,973 | €61,973 | = | 0.0% |
| Revaluation surpluses | 12 | €100,000 | - | -€100,000 | |
| Reserves | 13 | €76,676 | €137,865 | +€61,188 | +79.8% |
| Distributable reserves | 133 | €76,676 | €137,865 | +€61,188 | +79.8% |
| Profit (loss) carried forward | 14 | €268 | €268 | = | 0.0% |
| Amounts payable | 17/49 | €188,028 | €222,349 | +€34,321 | +18.3% |
| Amounts payable after more than one year | 17 | €62,489 | €80,927 | +€18,438 | +29.5% |
| Financial debts | 170/4 | €62,489 | €80,927 | +€18,438 | +29.5% |
| Amounts payable within one year | 42/48 | €79,020 | €92,447 | +€13,427 | +17.0% |
| Current portion of amounts payable after more than one year | 42 | €19,148 | €26,095 | +€6,947 | +36.3% |
| Trade debts | 44 | €13,736 | €24,799 | +€11,063 | +80.5% |
| Suppliers | 440/4 | €13,736 | €24,799 | +€11,063 | +80.5% |
| Advances received on contracts in progress | 46 | €4,619 | - | -€4,619 | |
| Taxes, remuneration and social security | 45 | €20,439 | €17,349 | -€3,090 | -15.1% |
| Taxes | 450/3 | €10,365 | €15,529 | +€5,165 | +49.8% |
| Remuneration and social security | 454/9 | €10,075 | €1,820 | -€8,255 | -81.9% |
| Other amounts payable | 47/48 | €21,078 | €24,204 | +€3,126 | +14.8% |
| Accrued charges and deferred income | 492/3 | €46,519 | €48,975 | +€2,456 | +5.3% |
| Remuneration, social security and pensions | 62 | €57,647 | €84,762 | +€27,115 | +47.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €37,771 | €40,025 | +€2,253 | +6.0% |
| Other operating charges | 640/8 | €2,149 | €2,351 | +€202 | +9.4% |
| Gross operating margin | 9900 | €142,907 | €224,603 | +€81,696 | +57.2% |
| Operating profit (loss) | 9901 | €45,340 | €97,465 | +€52,126 | +115% |
| Financial income | 75/76B | €174 | €548 | +€374 | +215% |
| Recurring financial income | 75 | €174 | €548 | +€374 | +215% |
| Financial charges | 65/66B | €9,012 | €9,898 | +€886 | +9.8% |
| Recurring financial charges | 65 | €9,012 | €9,898 | +€886 | +9.8% |
| Profit (loss) for the period before taxes | 9903 | €36,501 | €88,115 | +€51,614 | +141% |
| Income taxes | 67/77 | €7,985 | €26,926 | +€18,941 | +237% |
| Profit (loss) for the period | 9904 | €28,516 | €61,188 | +€32,672 | +115% |
| Profit (loss) for the period to be appropriated | 9905 | €28,516 | €61,188 | +€32,672 | +115% |
Next steps
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Calculation and sources
Source: filed annual accounts (NBB), financial years ended 31 December 2024 and 31 December 2025. Green is a favourable move for that line, red an unfavourable one. Prepared on 1 November 2026 via checked.be.