ITALIAN STYLE: what changed
What changed
ITALIAN STYLE
NACE 56.111, Full-service restaurants
filed annual accounts (NBB)
Net result for the year
€23,656
2024 · €22,141+€1,515
Equity
€160,431
2024 · €136,776+€23,656
Cash
€167,176
2024 · €134,538+€32,638
Balance sheet total
€233,120
2024 · €211,050+€22,069
Largest movements
Assets
- Cash +€32,638
up €32,638 (+24.3%), from €134,538 to €167,176
mainly Net result for the year (+€23,656) and Depreciation (+€12,130)
- Receivables within one year -€5,776
down €5,776 (-45.0%), from €12,831 to €7,054
- Deferred charges and accrued income -€5,750
down €5,750 (-33.5%), from €17,176 to €11,426
Equity and liabilities
- Reserves +€20,000
up €20,000 (+15.4%), from €129,860 to €149,860
- Profit (loss) carried forward +€3,656
up €3,656 (+511%), from €716 to €4,371
Income statement
- Staff costs -€18,603
down €18,603 (-19.9%), from €93,295 to €74,691
- Gross operating margin -€14,520
down €14,520 (-10.6%), from €137,365 to €122,845
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
€22,141
Gross operating margin
-€14,520
Staff costs
+€18,603
Depreciation
-€619
Other operating charges
-€334
Financial charges
-€467
Taxes
-€1,148
Result 2025
€23,656
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
+€45,551
Investment
-€12,934
Financing
+€22
Cash 2024
€134,538
From operations (derived)
+€45,551
Net result for the year
+€23,656
Depreciation
+€12,130
Stocks and contracts
-€153
Receivables within one year
+€5,776
Deferred charges and accrued income
+€5,750
Trade debts
-€781
Tax, wage and social debts
-€1,211
Other debts
+€384
Investment (derived)
-€12,934
Investment in fixed assets (net)
-€12,934
Financing
+€22
Current portion of long-term debt
+€22
Cash 2025
€167,176
brings cash intakes cash out
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €211,050 | €233,120 | +€22,069 | +10.5% |
| Fixed assets | 21/28 | €44,686 | €45,490 | +€804 | +1.8% |
| Tangible fixed assets | 22/27 | €44,336 | €45,140 | +€804 | +1.8% |
| Plant, machinery and equipment | 23 | €38,752 | €42,110 | +€3,358 | +8.7% |
| Furniture and vehicles | 24 | €5,583 | €3,030 | -€2,554 | -45.7% |
| Financial fixed assets | 28 | €350 | €350 | = | 0.0% |
| Current assets | 29/58 | €166,365 | €187,630 | +€21,265 | +12.8% |
| Stocks and contracts in progress | 3 | €1,821 | €1,973 | +€153 | +8.4% |
| Stocks | 30/36 | €1,821 | €1,973 | +€153 | +8.4% |
| Amounts receivable within one year | 40/41 | €12,831 | €7,054 | -€5,776 | -45.0% |
| Other amounts receivable | 41 | €12,831 | €7,054 | -€5,776 | -45.0% |
| Cash at bank and in hand | 54/58 | €134,538 | €167,176 | +€32,638 | +24.3% |
| Deferred charges and accrued income | 490/1 | €17,176 | €11,426 | -€5,750 | -33.5% |
| Total equity and liabilities | 10/49 | €211,050 | €233,120 | +€22,069 | +10.5% |
| Equity | 10/15 | €136,776 | €160,431 | +€23,656 | +17.3% |
| Contributions | 10/11 | €6,200 | €6,200 | = | 0.0% |
| Reserves | 13 | €129,860 | €149,860 | +€20,000 | +15.4% |
| Distributable reserves | 133 | €129,860 | €149,860 | +€20,000 | +15.4% |
| Profit (loss) carried forward | 14 | €716 | €4,371 | +€3,656 | +511% |
| Amounts payable | 17/49 | €74,275 | €72,689 | -€1,586 | -2.1% |
| Amounts payable within one year | 42/48 | €74,275 | €72,689 | -€1,586 | -2.1% |
| Current portion of amounts payable after more than one year | 42 | €2,762 | €2,784 | +€22 | +0.8% |
| Trade debts | 44 | €28,146 | €27,366 | -€781 | -2.8% |
| Suppliers | 440/4 | €28,146 | €27,366 | -€781 | -2.8% |
| Taxes, remuneration and social security | 45 | €16,381 | €15,169 | -€1,211 | -7.4% |
| Taxes | 450/3 | €891 | €879 | -€12 | -1.4% |
| Remuneration and social security | 454/9 | €15,490 | €14,290 | -€1,199 | -7.7% |
| Other amounts payable | 47/48 | €26,986 | €27,370 | +€384 | +1.4% |
| Non-recurring operating income | 76A | €1,066 | €1,572 | +€505 | +47.4% |
| Remuneration, social security and pensions | 62 | €93,295 | €74,691 | -€18,603 | -19.9% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €11,510 | €12,130 | +€619 | +5.4% |
| Other operating charges | 640/8 | €2,953 | €3,287 | +€334 | +11.3% |
| Gross operating margin | 9900 | €137,365 | €122,845 | -€14,520 | -10.6% |
| Operating profit (loss) | 9901 | €29,607 | €32,737 | +€3,130 | +10.6% |
| Financial charges | 65/66B | €1,027 | €1,495 | +€467 | +45.5% |
| Recurring financial charges | 65 | €1,027 | €1,495 | +€467 | +45.5% |
| Profit (loss) for the period before taxes | 9903 | €28,580 | €31,243 | +€2,663 | +9.3% |
| Income taxes | 67/77 | €6,439 | €7,587 | +€1,148 | +17.8% |
| Profit (loss) for the period | 9904 | €22,141 | €23,656 | +€1,515 | +6.8% |
| Profit (loss) for the period to be appropriated | 9905 | €22,141 | €23,656 | +€1,515 | +6.8% |
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 2 November 2026 via checked.be.