HOF DE DRAECK: what changed
What changed
HOF DE DRAECK
NACE 56.111, Full-service restaurants
filed annual accounts (NBB)
Net result for the year
-€82,999
2025 · -€75,186-€7,813
Equity
€479,388
2025 · €562,387-€82,999
Cash
€303,589
2025 · €324,495-€20,906
Balance sheet total
€508,151
2025 · €605,316-€97,164
Largest movements
Assets
- Tangible fixed assets -€52,185
down €52,185 (-21.7%), from €240,256 to €188,072
of which Furniture and vehicles: -€32,008
- Cash -€20,906
down €20,906 (-6.4%), from €324,495 to €303,589
mainly Net result for the year (-€82,999) and Trade debts (-€6,042)
- Deferred charges and accrued income -€14,826
down €14,826 (-72.7%), from €20,401 to €5,574
- Receivables within one year -€9,258
down €9,258 (-65.0%), from €14,233 to €4,975
of which Trade receivables: -€9,567
Equity and liabilities
- Reserves -€82,999
down €82,999 (-15.3%), from €543,795 to €460,796
Income statement
- Staff costs +€5,290
up €5,290 (+13.8%), from €38,275 to €43,566
- Depreciation -€3,653
down €3,653 (-6.1%), from €60,255 to €56,602
- Other operating charges -€946
down €946 (-7.2%), from €13,234 to €12,288
- Financial income -€839
down €839 (-29.9%), from €2,804 to €1,965
- Gross operating margin +€686
up €686 (+2.0%), from €34,787 to €35,474
Change in the result, 2025 to 2026
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 2025
-€75,186
Gross operating margin
+€686
Staff costs
-€5,290
Depreciation
+€3,653
Other operating charges
+€946
Other operating items
-€7,011
Financial income
-€839
Financial charges
+€22
Taxes
+€20
Result 2026
-€82,999
raises the resultlowers the resultnot broken down further in the accounts
Derived cash bridge
The bridge is derived from the 2025 and 2026 balance sheets and the 2026 result. There is no filed cash-flow statement. You see where the money came from and where it went.
From operations
-€16,489
Investment
-€4,417
Financing
€0
Cash 2025
€324,495
From operations (derived)
-€16,489
Net result for the year
-€82,999
Depreciation
+€56,602
Stocks and contracts
-€11
Receivables within one year
+€9,258
Deferred charges and accrued income
+€14,826
Trade debts
-€6,042
Tax, wage and social debts
-€664
Advances received
-€3,211
Other debts
-€3,298
Accrued charges and deferred income
-€951
Investment (derived)
-€4,417
Investment in fixed assets (net)
-€4,417
Cash 2026
€303,589
brings cash intakes cash out
Every line side by side
| Line | Code | 2025 | 2026 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €605,316 | €508,151 | -€97,164 | -16.1% |
| Fixed assets | 21/28 | €241,056 | €188,872 | -€52,185 | -21.6% |
| Tangible fixed assets | 22/27 | €240,256 | €188,072 | -€52,185 | -21.7% |
| Land and buildings | 22 | €162,481 | €143,603 | -€18,878 | -11.6% |
| Plant, machinery and equipment | 23 | €6,013 | €4,715 | -€1,298 | -21.6% |
| Furniture and vehicles | 24 | €71,762 | €39,754 | -€32,008 | -44.6% |
| Financial fixed assets | 28 | €800 | €800 | = | 0.0% |
| Current assets | 29/58 | €364,259 | €319,280 | -€44,979 | -12.3% |
| Stocks and contracts in progress | 3 | €5,131 | €5,142 | +€11 | +0.2% |
| Stocks | 30/36 | €5,131 | €5,142 | +€11 | +0.2% |
| Amounts receivable within one year | 40/41 | €14,233 | €4,975 | -€9,258 | -65.0% |
| Trade receivables | 40 | €12,629 | €3,062 | -€9,567 | -75.8% |
| Other amounts receivable | 41 | €1,604 | €1,913 | +€309 | +19.2% |
| Current investments | 50/53 | €0 | - | = | |
| Cash at bank and in hand | 54/58 | €324,495 | €303,589 | -€20,906 | -6.4% |
| Deferred charges and accrued income | 490/1 | €20,401 | €5,574 | -€14,826 | -72.7% |
| Total equity and liabilities | 10/49 | €605,316 | €508,151 | -€97,164 | -16.1% |
| Equity | 10/15 | €562,387 | €479,388 | -€82,999 | -14.8% |
| Contributions | 10/11 | €18,592 | €18,592 | = | 0.0% |
| Reserves | 13 | €543,795 | €460,796 | -€82,999 | -15.3% |
| Distributable reserves | 133 | €543,795 | €460,796 | -€82,999 | -15.3% |
| Profit (loss) carried forward | 14 | €0 | €0 | = | |
| Amounts payable | 17/49 | €42,929 | €28,764 | -€14,165 | -33.0% |
| Amounts payable within one year | 42/48 | €41,199 | €27,985 | -€13,215 | -32.1% |
| Trade debts | 44 | €7,807 | €1,765 | -€6,042 | -77.4% |
| Suppliers | 440/4 | €7,807 | €1,765 | -€6,042 | -77.4% |
| Advances received on contracts in progress | 46 | €3,211 | €0 | -€3,211 | -100% |
| Taxes, remuneration and social security | 45 | €3,278 | €2,614 | -€664 | -20.3% |
| Taxes | 450/3 | €746 | €161 | -€585 | -78.4% |
| Remuneration and social security | 454/9 | €2,533 | €2,453 | -€79 | -3.1% |
| Other amounts payable | 47/48 | €26,903 | €23,605 | -€3,298 | -12.3% |
| Accrued charges and deferred income | 492/3 | €1,730 | €779 | -€951 | -55.0% |
| Non-recurring operating income | 76A | €954 | €9,500 | +€8,546 | +895% |
| Remuneration, social security and pensions | 62 | €38,275 | €43,566 | +€5,290 | +13.8% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €60,255 | €56,602 | -€3,653 | -6.1% |
| Other operating charges | 640/8 | €13,234 | €12,288 | -€946 | -7.2% |
| Non-recurring operating charges | 66A | - | €7,011 | +€7,011 | |
| Gross operating margin | 9900 | €34,787 | €35,474 | +€686 | +2.0% |
| Operating profit (loss) | 9901 | -€76,977 | -€83,993 | -€7,016 | -9.1% |
| Financial income | 75/76B | €2,804 | €1,965 | -€839 | -29.9% |
| Recurring financial income | 75 | €2,804 | €1,965 | -€839 | -29.9% |
| Financial charges | 65/66B | €707 | €685 | -€22 | -3.1% |
| Recurring financial charges | 65 | €707 | €685 | -€22 | -3.1% |
| Profit (loss) for the period before taxes | 9903 | -€74,880 | -€82,713 | -€7,833 | -10.5% |
| Income taxes | 67/77 | €305 | €286 | -€20 | -6.5% |
| Profit (loss) for the period | 9904 | -€75,186 | -€82,999 | -€7,813 | -10.4% |
| Profit (loss) for the period to be appropriated | 9905 | -€75,186 | -€82,999 | -€7,813 | -10.4% |
Next steps
Work out how much credit to give this customer and on what payment terms.Credit check Check what to know before you do business with this company.Supplier due diligence Check whether you can accept this company as a client under the anti-money-laundering law.AML client file Compare this company with its sector.Sector benchmark
Calculation and sources
Source: filed annual accounts (NBB), financial years ended 28 February 2025 and 28 February 2026. Green is a favourable move for that line, red an unfavourable one. Prepared on 2 November 2026 via checked.be.