IMMO BERNSTEIN: what changed
Two fiscal years side by side, explained: what moved most in the balance sheet and the result, why the result rose or fell, and where the money went.
What changed
IMMO BERNSTEIN
NACE 56.111, Full-service restaurants
fiscal year 2024 against 2025filed annual accounts (NBB)
Net result for the year
-€314,570
2024 · -€170,372-€144,198
Equity
€294,982
2024 · €609,553-€314,570
Cash
€7,763
2024 · €12,833-€5,070
Balance sheet total
€1.0m
2024 · €1.1m-€27,657
Largest movements
Assets
- Tangible fixed assets -€10,808
down €10,808 (-1.3%), from €833,741 to €822,933
of which Land and buildings: -€8,910
Equity and liabilities
- Profit (loss) carried forward -€314,570
down €314,570, from €101,751 to -€212,819
- Other debts +€276,909
up €276,909 (+99.3%), from €278,916 to €555,825
- Short-term financial debts +€70,000
new in 2025: €70,000
- Current portion of long-term debt -€50,936
down €50,936 (-100.0%), from €50,936 to €0
- Trade debts +€28,366
up €28,366 (+91.6%), from €30,980 to €59,346
Income statement
- Gross operating margin -€145,812
down €145,812 (-90.9%), from €160,485 to €14,672
- Financial charges -€36,167
down €36,167, from €24,847 to -€11,321
- Staff costs +€18,692
up €18,692 (+7.1%), from €264,110 to €282,802
- Depreciation +€10,354
up €10,354 (+26.7%), from €38,724 to €49,079
- Taxes +€5,190
up €5,190, from €0 to €5,190
From the 2024 result to the 2025 result
Each bar is the change in one income-statement line, as its effect on the result: higher costs pull it down, higher income lifts it.
Result 2024
-€170,372
Gross operating margin
-€145,812
Staff costs
-€18,692
Depreciation
-€10,354
Other operating charges
+€1,301
Financial income
-€1,617
Financial charges
+€36,167
Taxes
-€5,190
Result 2025
-€314,570
Cash bridge derived
Derived from the 2024 and 2025 balance sheets and the 2025 result: not a filed cash-flow statement. It shows where the money came from and went.
From operations
+€39,872
Investment
-€37,531
Financing
-€7,410
Cash 2024
€12,833
From operations (derived)
+€39,872
Net result for the year
-€314,570
Depreciation
+€49,079
Stocks and contracts
+€10,000
Receivables within one year
+€88
Deferred charges and accrued income
+€951
Trade debts
+€28,366
Tax, wage and social debts
-€10,951
Other debts
+€276,909
Investment (derived)
-€37,531
Investment in fixed assets (net)
-€37,531
Financing
-€7,410
Debts after one year
-€26,475
Current portion of long-term debt
-€50,936
Short-term financial debts
+€70,000
Cash 2025
€7,763
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €1,063,810 | €1,036,153 | -€27,657 | -2.6% |
| Fixed assets | 21/28 | €867,453 | €855,906 | -€11,548 | -1.3% |
| Intangible fixed assets | 21 | €33,712 | €32,912 | -€800 | -2.4% |
| Tangible fixed assets | 22/27 | €833,741 | €822,933 | -€10,808 | -1.3% |
| Land and buildings | 22 | €755,867 | €746,958 | -€8,910 | -1.2% |
| Plant, machinery and equipment | 23 | €9,801 | €7,312 | -€2,489 | -25.4% |
| Furniture and vehicles | 24 | €64,307 | €66,858 | +€2,551 | +4.0% |
| Leasing and similar rights | 25 | €3,766 | €1,805 | -€1,961 | -52.1% |
| Financial fixed assets | 28 | - | €60 | +€60 | |
| Current assets | 29/58 | €196,356 | €180,247 | -€16,109 | -8.2% |
| Stocks and contracts in progress | 3 | €10,000 | €0 | -€10,000 | -100.0% |
| Stocks | 30/36 | €10,000 | €0 | -€10,000 | -100.0% |
| Amounts receivable within one year | 40/41 | €168,843 | €168,755 | -€88 | -0.1% |
| Trade receivables | 40 | €2,943 | €31,335 | +€28,392 | +964.9% |
| Other amounts receivable | 41 | €165,901 | €137,420 | -€28,481 | -17.2% |
| Cash at bank and in hand | 54/58 | €12,833 | €7,763 | -€5,070 | -39.5% |
| Deferred charges and accrued income | 490/1 | €4,680 | €3,729 | -€951 | -20.3% |
| Total equity and liabilities | 10/49 | €1,063,810 | €1,036,153 | -€27,657 | -2.6% |
| Equity | 10/15 | €609,553 | €294,982 | -€314,570 | -51.6% |
| Contributions | 10/11 | €142,242 | €142,242 | = | 0.0% |
| Reserves | 13 | €365,560 | €365,560 | = | 0.0% |
| Non-distributable reserves | 130/1 | €7,500 | €0 | -€7,500 | -100.0% |
| Reserves not available under the articles | 1311 | €7,500 | €0 | -€7,500 | -100.0% |
| Tax-exempt reserves | 132 | €69,254 | €69,254 | = | 0.0% |
| Distributable reserves | 133 | €288,806 | €296,306 | +€7,500 | +2.6% |
| Profit (loss) carried forward | 14 | €101,751 | -€212,819 | -€314,570 | |
| Amounts payable | 17/49 | €454,257 | €741,171 | +€286,914 | +63.2% |
| Amounts payable after more than one year | 17 | €26,475 | €0 | -€26,475 | -100.0% |
| Financial debts | 170/4 | €26,475 | €0 | -€26,475 | -100.0% |
| Amounts payable within one year | 42/48 | €427,782 | €741,171 | +€313,388 | +73.3% |
| Current portion of amounts payable after more than one year | 42 | €50,936 | €0 | -€50,936 | -100.0% |
| Financial debts | 43 | - | €70,000 | +€70,000 | |
| Credit institutions | 430/8 | - | €70,000 | +€70,000 | |
| Trade debts | 44 | €30,980 | €59,346 | +€28,366 | +91.6% |
| Suppliers | 440/4 | €30,980 | €59,346 | +€28,366 | +91.6% |
| Taxes, remuneration and social security | 45 | €66,951 | €56,000 | -€10,951 | -16.4% |
| Taxes | 450/3 | €13,875 | €10,516 | -€3,359 | -24.2% |
| Remuneration and social security | 454/9 | €53,076 | €45,484 | -€7,592 | -14.3% |
| Other amounts payable | 47/48 | €278,916 | €555,825 | +€276,909 | +99.3% |
| Remuneration, social security and pensions | 62 | €264,110 | €282,802 | +€18,692 | +7.1% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €38,724 | €49,079 | +€10,354 | +26.7% |
| Other operating charges | 640/8 | €10,651 | €9,350 | -€1,301 | -12.2% |
| Gross operating margin | 9900 | €160,485 | €14,672 | -€145,812 | -90.9% |
| Operating profit (loss) | 9901 | -€153,001 | -€326,559 | -€173,558 | -113.4% |
| Financial income | 75/76B | €7,475 | €5,858 | -€1,617 | -21.6% |
| Recurring financial income | 75 | €7,475 | €5,858 | -€1,617 | -21.6% |
| Financial charges | 65/66B | €24,847 | -€11,321 | -€36,167 | |
| Recurring financial charges | 65 | €24,847 | -€11,321 | -€36,167 | |
| Profit (loss) for the period before taxes | 9903 | -€170,372 | -€309,381 | -€139,009 | -81.6% |
| Income taxes | 67/77 | €0 | €5,190 | +€5,190 | |
| Profit (loss) for the period | 9904 | -€170,372 | -€314,570 | -€144,198 | -84.6% |
| Profit (loss) for the period to be appropriated | 9905 | -€170,372 | -€314,570 | -€144,198 | -84.6% |
Source: filed annual accounts (NBB), fiscal years ended 31 December 2024 and 31 December 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 2 October 2026 via checked.be.