HLF Resto: what changed
What changed
HLF Resto
NACE 56.111, Full-service restaurants
filed annual accounts (NBB)
Net result for the year
-€63,452
2024 · €19,813-€83,265
Equity
-€70,240
2024 · -€6,789-€63,452
Cash
€40,795
2024 · €44,271-€3,476
Balance sheet total
€443,023
2024 · €457,232-€14,209
Largest movements
Assets
- Tangible fixed assets -€23,742
down €23,742 (-9.0%), from €262,757 to €239,015
of which Land and buildings: -€17,562
- Receivables within one year +€14,081
up €14,081 (+12.4%), from €113,280 to €127,360
of which Trade receivables: +€11,243
Equity and liabilities
- Profit (loss) carried forward -€63,452
down €63,452 (-648%), from -€9,789 to -€73,240
- Other debts +€53,353
up €53,353 (+25.3%), from €211,000 to €264,353
- Tax, wage and social debts -€24,190
down €24,190 (-38.0%), from €63,710 to €39,520
of which Taxes: -€17,865
- Trade debts +€11,678
up €11,678 (+6.3%), from €184,449 to €196,127
- Accrued charges and deferred income +€8,000
new in 2025: €8,000
Income statement
- Staff costs +€37,856
up €37,856 (+3.8%), from €987,900 to €1.0m
- Gross operating margin -€27,262
down €27,262 (-2.6%), from €1.0m to €1.0m
- Depreciation +€15,886
up €15,886 (+64.9%), from €24,474 to €40,360
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
€19,813
Gross operating margin
-€27,262
Staff costs
-€37,856
Depreciation
-€15,886
Other operating charges
-€448
Financial income
-€1,101
Financial charges
-€733
Taxes
+€22
Result 2025
-€63,452
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
+€13,098
Investment
-€16,977
Financing
+€402
Cash 2024
€44,271
From operations (derived)
+€13,098
Net result for the year
-€63,452
Depreciation
+€40,360
Stocks and contracts
-€365
Receivables within one year
-€14,081
Deferred charges and accrued income
+€1,795
Trade debts
+€11,678
Tax, wage and social debts
-€24,190
Other debts
+€53,353
Accrued charges and deferred income
+€8,000
Investment (derived)
-€16,977
Investment in fixed assets (net)
-€16,977
Financing
+€402
Short-term financial debts
+€402
Cash 2025
€40,795
brings cash intakes cash out
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €457,232 | €443,023 | -€14,209 | -3.1% |
| Fixed assets | 21/28 | €262,757 | €239,374 | -€23,383 | -8.9% |
| Tangible fixed assets | 22/27 | €262,757 | €239,015 | -€23,742 | -9.0% |
| Land and buildings | 22 | €194,470 | €176,908 | -€17,562 | -9.0% |
| Plant, machinery and equipment | 23 | €32,736 | €31,062 | -€1,674 | -5.1% |
| Furniture and vehicles | 24 | €35,551 | €31,045 | -€4,506 | -12.7% |
| Financial fixed assets | 28 | - | €359 | +€359 | |
| Current assets | 29/58 | €194,475 | €203,649 | +€9,175 | +4.7% |
| Stocks and contracts in progress | 3 | €32,574 | €32,939 | +€365 | +1.1% |
| Stocks | 30/36 | €32,574 | €32,939 | +€365 | +1.1% |
| Amounts receivable within one year | 40/41 | €113,280 | €127,360 | +€14,081 | +12.4% |
| Trade receivables | 40 | €20,230 | €31,473 | +€11,243 | +55.6% |
| Other amounts receivable | 41 | €93,049 | €95,888 | +€2,838 | +3.1% |
| Cash at bank and in hand | 54/58 | €44,271 | €40,795 | -€3,476 | -7.9% |
| Deferred charges and accrued income | 490/1 | €4,351 | €2,555 | -€1,795 | -41.3% |
| Total equity and liabilities | 10/49 | €457,232 | €443,023 | -€14,209 | -3.1% |
| Equity | 10/15 | -€6,789 | -€70,240 | -€63,452 | -935% |
| Contributions | 10/11 | €3,000 | €3,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€9,789 | -€73,240 | -€63,452 | -648% |
| Amounts payable | 17/49 | €464,020 | €513,263 | +€49,243 | +10.6% |
| Amounts payable within one year | 42/48 | €464,020 | €505,263 | +€41,243 | +8.9% |
| Financial debts | 43 | €4,862 | €5,264 | +€402 | +8.3% |
| Credit institutions | 430/8 | €4,862 | €5,264 | +€402 | +8.3% |
| Trade debts | 44 | €184,449 | €196,127 | +€11,678 | +6.3% |
| Suppliers | 440/4 | €184,449 | €196,127 | +€11,678 | +6.3% |
| Taxes, remuneration and social security | 45 | €63,710 | €39,520 | -€24,190 | -38.0% |
| Taxes | 450/3 | €24,640 | €6,776 | -€17,865 | -72.5% |
| Remuneration and social security | 454/9 | €39,069 | €32,744 | -€6,326 | -16.2% |
| Other amounts payable | 47/48 | €211,000 | €264,353 | +€53,353 | +25.3% |
| Accrued charges and deferred income | 492/3 | - | €8,000 | +€8,000 | |
| Remuneration, social security and pensions | 62 | €987,900 | €1,025,756 | +€37,856 | +3.8% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €24,474 | €40,360 | +€15,886 | +64.9% |
| Other operating charges | 640/8 | €4,341 | €4,789 | +€448 | +10.3% |
| Gross operating margin | 9900 | €1,037,182 | €1,009,920 | -€27,262 | -2.6% |
| Operating profit (loss) | 9901 | €20,468 | -€60,985 | -€81,453 | |
| Financial income | 75/76B | €1,272 | €171 | -€1,101 | -86.6% |
| Recurring financial income | 75 | €1,272 | €171 | -€1,101 | -86.6% |
| Financial charges | 65/66B | €1,666 | €2,399 | +€733 | +44.0% |
| Recurring financial charges | 65 | €1,666 | €2,399 | +€733 | +44.0% |
| Profit (loss) for the period before taxes | 9903 | €20,073 | -€63,214 | -€83,287 | |
| Income taxes | 67/77 | €260 | €238 | -€22 | -8.6% |
| Profit (loss) for the period | 9904 | €19,813 | -€63,452 | -€83,265 | |
| Profit (loss) for the period to be appropriated | 9905 | €19,813 | -€63,452 | -€83,265 |
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.