HONDERD WAH: what changed
What changed
HONDERD WAH
NACE 56.111, Full-service restaurants
filed annual accounts (NBB)
Net result for the year
€46,028
2024 · €80,165-€34,137
Equity
€793,625
2024 · €747,597+€46,028
Cash
€561,220
2024 · €507,034+€54,186
Balance sheet total
€1.0m
2024 · €1.1m-€20,234
Largest movements
Assets
- Tangible fixed assets -€69,503
down €69,503 (-12.9%), from €539,050 to €469,547
- Cash +€54,186
up €54,186 (+10.7%), from €507,034 to €561,220
mainly Depreciation (+€130,235) and Net result for the year (+€46,028)
Equity and liabilities
- Reserves +€46,028
up €46,028 (+101%), from €45,717 to €91,745
of which Distributable reserves: +€46,028
- Debts after one year -€39,867
down €39,867 (-30.1%), from €132,356 to €92,489
- Trade debts -€17,077
down €17,077 (-60.2%), from €28,381 to €11,304
Income statement
- Gross operating margin -€53,577
down €53,577 (-11.8%), from €454,333 to €400,756
- Depreciation +€18,113
up €18,113 (+16.2%), from €112,122 to €130,235
- Other operating charges -€14,492
down €14,492 (-92.2%), from €15,714 to €1,222
- Staff costs -€14,403
down €14,403 (-6.7%), from €215,617 to €201,214
- Financial charges -€7,164
down €7,164 (-53.9%), from €13,297 to €6,133
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
€80,165
Gross operating margin
-€53,577
Staff costs
+€14,403
Depreciation
-€18,113
Other operating charges
+€14,492
Financial income
+€196
Financial charges
+€7,164
Taxes
+€1,298
Result 2025
€46,028
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
+€157,047
Investment
-€60,732
Financing
-€42,129
Cash 2024
€507,034
From operations (derived)
+€157,047
Net result for the year
+€46,028
Depreciation
+€130,235
Stocks and contracts
+€2,865
Receivables within one year
+€2,052
Trade debts
-€17,077
Tax, wage and social debts
-€6,543
Other debts
-€513
Investment (derived)
-€60,732
Investment in fixed assets (net)
-€60,732
Financing
-€42,129
Debts after one year
-€39,867
Current portion of long-term debt
-€2,262
Cash 2025
€561,220
brings cash intakes cash out
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €1,054,468 | €1,034,234 | -€20,234 | -1.9% |
| Fixed assets | 21/28 | €539,794 | €470,291 | -€69,503 | -12.9% |
| Tangible fixed assets | 22/27 | €539,050 | €469,547 | -€69,503 | -12.9% |
| Plant, machinery and equipment | 23 | €344,305 | €322,993 | -€21,312 | -6.2% |
| Furniture and vehicles | 24 | €118,914 | €96,000 | -€22,914 | -19.3% |
| Leasing and similar rights | 25 | €75,831 | €50,554 | -€25,277 | -33.3% |
| Financial fixed assets | 28 | €744 | €744 | = | 0.0% |
| Current assets | 29/58 | €514,674 | €563,943 | +€49,269 | +9.6% |
| Stocks and contracts in progress | 3 | €4,680 | €1,815 | -€2,865 | -61.2% |
| Stocks | 30/36 | €4,680 | €1,815 | -€2,865 | -61.2% |
| Amounts receivable within one year | 40/41 | €2,960 | €908 | -€2,052 | -69.3% |
| Trade receivables | 40 | €2,960 | - | -€2,960 | |
| Other amounts receivable | 41 | - | €908 | +€908 | |
| Cash at bank and in hand | 54/58 | €507,034 | €561,220 | +€54,186 | +10.7% |
| Total equity and liabilities | 10/49 | €1,054,468 | €1,034,234 | -€20,234 | -1.9% |
| Equity | 10/15 | €747,597 | €793,625 | +€46,028 | +6.2% |
| Contributions | 10/11 | €64,000 | €64,000 | = | 0.0% |
| Reserves | 13 | €45,717 | €91,745 | +€46,028 | +101% |
| Non-distributable reserves | 130/1 | €6,400 | €6,400 | = | 0.0% |
| Reserves not available under the articles | 1311 | €6,400 | €6,400 | = | 0.0% |
| Tax-exempt reserves | 132 | €18,175 | €18,175 | = | 0.0% |
| Distributable reserves | 133 | €21,142 | €67,170 | +€46,028 | +218% |
| Profit (loss) carried forward | 14 | €637,880 | €637,880 | = | 0.0% |
| Amounts payable | 17/49 | €306,871 | €240,609 | -€66,262 | -21.6% |
| Amounts payable after more than one year | 17 | €132,356 | €92,489 | -€39,867 | -30.1% |
| Financial debts | 170/4 | €132,356 | €92,489 | -€39,867 | -30.1% |
| Amounts payable within one year | 42/48 | €174,515 | €148,120 | -€26,395 | -15.1% |
| Current portion of amounts payable after more than one year | 42 | €42,129 | €39,867 | -€2,262 | -5.4% |
| Financial debts | 43 | €5,000 | €5,000 | = | 0.0% |
| Credit institutions | 430/8 | €5,000 | €5,000 | = | 0.0% |
| Trade debts | 44 | €28,381 | €11,304 | -€17,077 | -60.2% |
| Suppliers | 440/4 | €28,381 | €11,304 | -€17,077 | -60.2% |
| Taxes, remuneration and social security | 45 | €53,269 | €46,726 | -€6,543 | -12.3% |
| Taxes | 450/3 | €29,877 | €20,993 | -€8,884 | -29.7% |
| Remuneration and social security | 454/9 | €23,392 | €25,733 | +€2,341 | +10.0% |
| Other amounts payable | 47/48 | €45,736 | €45,223 | -€513 | -1.1% |
| Remuneration, social security and pensions | 62 | €215,617 | €201,214 | -€14,403 | -6.7% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €112,122 | €130,235 | +€18,113 | +16.2% |
| Other operating charges | 640/8 | €15,714 | €1,222 | -€14,492 | -92.2% |
| Gross operating margin | 9900 | €454,333 | €400,756 | -€53,577 | -11.8% |
| Operating profit (loss) | 9901 | €110,880 | €68,085 | -€42,795 | -38.6% |
| Financial income | 75/76B | €2,826 | €3,022 | +€196 | +6.9% |
| Recurring financial income | 75 | €2,826 | €3,022 | +€196 | +6.9% |
| Financial charges | 65/66B | €13,297 | €6,133 | -€7,164 | -53.9% |
| Recurring financial charges | 65 | €13,297 | €6,133 | -€7,164 | -53.9% |
| Profit (loss) for the period before taxes | 9903 | €100,409 | €64,974 | -€35,435 | -35.3% |
| Income taxes | 67/77 | €20,244 | €18,946 | -€1,298 | -6.4% |
| Profit (loss) for the period | 9904 | €80,165 | €46,028 | -€34,137 | -42.6% |
| Profit (loss) for the period to be appropriated | 9905 | €80,165 | €46,028 | -€34,137 | -42.6% |
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 3 November 2026 via checked.be.