Hove Zuid: what changed
What changed
Hove Zuid
NACE 56.111, Full-service restaurants
filed annual accounts (NBB)
Net result for the year
-€9,617
2024 · -€88,922+€79,304
Equity
-€213,276
2024 · -€194,973-€18,303
Cash
€171
2024 · €311-€140
Balance sheet total
€372,579
2024 · €470,913-€98,334
Largest movements
Assets
- Tangible fixed assets -€65,992
down €65,992 (-17.9%), from €369,401 to €303,409
of which Other tangible fixed assets: -€42,920
- Receivables within one year -€19,431
down €19,431 (-43.1%), from €45,109 to €25,678
of which Trade receivables: -€21,420
- Receivables after one year -€8,686
down €8,686 (-18.8%), from €46,324 to €37,639
Equity and liabilities
- Trade debts -€43,729
down €43,729 (-64.4%), from €67,909 to €24,180
- Short-term financial debts -€31,143
down €31,143 (-86.7%), from €35,918 to €4,775
of which Credit institutions: -€25,143
- Other debts +€24,111
up €24,111 (+16.3%), from €147,657 to €171,768
- Debts after one year -€18,208
down €18,208 (-5.1%), from €359,396 to €341,188
- Profit (loss) carried forward -€9,617
down €9,617 (-3.0%), from -€324,983 to -€334,601
Income statement
- Staff costs -€108,138
down €108,138 (-42.3%), from €255,525 to €147,388
- Gross operating margin -€33,525
down €33,525 (-13.3%), from €251,646 to €218,121
- Other operating charges -€2,864
down €2,864 (-56.9%), from €5,031 to €2,168
- Financial charges -€2,588
down €2,588 (-15.9%), from €16,261 to €13,673
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
-€88,922
Gross operating margin
-€33,525
Staff costs
+€108,138
Depreciation
+€1,070
Other operating charges
+€2,864
Financial income
-€1,730
Financial charges
+€2,588
Taxes
-€100
Result 2025
-€9,617
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
+€63,897
Investment
-€1,316
Financing
-€62,721
Cash 2024
€311
From operations (derived)
+€63,897
Net result for the year
-€9,617
Depreciation
+€68,061
Receivables after one year
+€8,686
Receivables within one year
+€19,431
Deferred charges and accrued income
+€3,332
Trade debts
-€43,729
Tax, wage and social debts
-€6,769
Other debts
+€24,111
Accrued charges and deferred income
+€392
Investment (derived)
-€1,316
Investment in fixed assets (net)
-€1,316
Financing
-€62,721
Debts after one year
-€18,208
Current portion of long-term debt
-€4,685
Short-term financial debts
-€31,143
Contributions, distributions and other
-€8,686
Cash 2025
€171
brings cash intakes cash out
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €470,913 | €372,579 | -€98,334 | -20.9% |
| Fixed assets | 21/28 | €371,208 | €304,463 | -€66,745 | -18.0% |
| Intangible fixed assets | 21 | €1,807 | €1,054 | -€753 | -41.7% |
| Tangible fixed assets | 22/27 | €369,401 | €303,409 | -€65,992 | -17.9% |
| Plant, machinery and equipment | 23 | €26,110 | €16,067 | -€10,042 | -38.5% |
| Furniture and vehicles | 24 | €30,044 | €17,014 | -€13,030 | -43.4% |
| Other tangible fixed assets | 26 | €313,247 | €270,327 | -€42,920 | -13.7% |
| Current assets | 29/58 | €99,705 | €68,116 | -€31,589 | -31.7% |
| Amounts receivable after more than one year | 29 | €46,324 | €37,639 | -€8,686 | -18.8% |
| Other amounts receivable | 291 | €46,324 | €37,639 | -€8,686 | -18.8% |
| Amounts receivable within one year | 40/41 | €45,109 | €25,678 | -€19,431 | -43.1% |
| Trade receivables | 40 | €31,600 | €10,180 | -€21,420 | -67.8% |
| Other amounts receivable | 41 | €13,509 | €15,499 | +€1,989 | +14.7% |
| Cash at bank and in hand | 54/58 | €311 | €171 | -€140 | -45.1% |
| Deferred charges and accrued income | 490/1 | €7,960 | €4,628 | -€3,332 | -41.9% |
| Total equity and liabilities | 10/49 | €470,913 | €372,579 | -€98,334 | -20.9% |
| Equity | 10/15 | -€194,973 | -€213,276 | -€18,303 | -9.4% |
| Contributions | 10/11 | €75,000 | €75,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€324,983 | -€334,601 | -€9,617 | -3.0% |
| Investment grants | 15 | €55,010 | €46,324 | -€8,686 | -15.8% |
| Amounts payable | 17/49 | €665,886 | €585,855 | -€80,031 | -12.0% |
| Amounts payable after more than one year | 17 | €359,396 | €341,188 | -€18,208 | -5.1% |
| Financial debts | 170/4 | €359,396 | €341,188 | -€18,208 | -5.1% |
| Amounts payable within one year | 42/48 | €299,917 | €237,702 | -€62,215 | -20.7% |
| Current portion of amounts payable after more than one year | 42 | €22,893 | €18,208 | -€4,685 | -20.5% |
| Financial debts | 43 | €35,918 | €4,775 | -€31,143 | -86.7% |
| Credit institutions | 430/8 | €29,918 | €4,775 | -€25,143 | -84.0% |
| Other loans | 439 | €6,000 | €0 | -€6,000 | -100% |
| Trade debts | 44 | €67,909 | €24,180 | -€43,729 | -64.4% |
| Suppliers | 440/4 | €67,909 | €24,180 | -€43,729 | -64.4% |
| Taxes, remuneration and social security | 45 | €25,539 | €18,771 | -€6,769 | -26.5% |
| Taxes | 450/3 | €2,222 | €6,087 | +€3,865 | +174% |
| Remuneration and social security | 454/9 | €23,318 | €12,684 | -€10,634 | -45.6% |
| Other amounts payable | 47/48 | €147,657 | €171,768 | +€24,111 | +16.3% |
| Accrued charges and deferred income | 492/3 | €6,573 | €6,964 | +€392 | +6.0% |
| Remuneration, social security and pensions | 62 | €255,525 | €147,388 | -€108,138 | -42.3% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €69,130 | €68,061 | -€1,070 | -1.5% |
| Other operating charges | 640/8 | €5,031 | €2,168 | -€2,864 | -56.9% |
| Gross operating margin | 9900 | €251,646 | €218,121 | -€33,525 | -13.3% |
| Operating profit (loss) | 9901 | -€78,041 | €505 | +€78,546 | |
| Financial income | 75/76B | €5,381 | €3,651 | -€1,730 | -32.1% |
| Recurring financial income | 75 | €5,381 | €3,651 | -€1,730 | -32.1% |
| Financial charges | 65/66B | €16,261 | €13,673 | -€2,588 | -15.9% |
| Recurring financial charges | 65 | €16,261 | €13,673 | -€2,588 | -15.9% |
| Profit (loss) for the period before taxes | 9903 | -€88,922 | -€9,517 | +€79,404 | +89.3% |
| Income taxes | 67/77 | - | €100 | +€100 | |
| Profit (loss) for the period | 9904 | -€88,922 | -€9,617 | +€79,304 | +89.2% |
| Profit (loss) for the period to be appropriated | 9905 | -€88,922 | -€9,617 | +€79,304 | +89.2% |
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 31 December 2024 and 31 December 2025. Green is a favourable move for that line, red an unfavourable one. Prepared on 2 November 2026 via checked.be.