L'EPICERIE: what changed
What changed
L'EPICERIE
NACE 56.111, Full-service restaurants
filed annual accounts (NBB)
Net result for the year
€117,843
2024 · €103,516+€14,326
Equity
€203,159
2024 · €174,316+€28,843
Cash
€92,418
2024 · €100,333-€7,916
Balance sheet total
€261,704
2024 · €201,027+€60,678
Largest movements
Assets
- Tangible fixed assets +€58,958
up €58,958 (+86.8%), from €67,901 to €126,859
of which Furniture and vehicles: +€52,842
- Cash -€7,916
down €7,916 (-7.9%), from €100,333 to €92,418
mainly Contributions, distributions and other (-€89,000) and Investment in fixed assets (net) (-€78,612)
- Current investments +€4,000
new in 2025: €4,000
- Deferred charges and accrued income +€3,159
up €3,159 (+31.6%), from €9,996 to €13,155
Equity and liabilities
- Profit (loss) carried forward +€67,843
up €67,843 (+65.5%), from €103,516 to €171,359
- Reserves -€39,000
down €39,000 (-55.9%), from €69,800 to €30,800
- Other debts +€15,520
new in 2025: €15,520
- Debts after one year +€15,274
new in 2025: €15,274
- Current portion of long-term debt +€14,726
new in 2025: €14,726
Income statement
- Gross operating margin +€11,813
up €11,813 (+7.1%), from €166,595 to €178,409
- Depreciation -€6,203
down €6,203 (-24.0%), from €25,858 to €19,655
- Taxes +€2,921
up €2,921 (+8.5%), from €34,539 to €37,460
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
€103,516
Gross operating margin
+€11,813
Depreciation
+€6,203
Other operating charges
+€151
Financial income
-€122
Financial charges
-€799
Taxes
-€2,921
Result 2025
€117,843
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
+€133,697
Investment
-€82,612
Financing
-€59,000
Cash 2024
€100,333
From operations (derived)
+€133,697
Net result for the year
+€117,843
Depreciation
+€19,655
Stocks and contracts
-€1,166
Receivables within one year
-€1,311
Deferred charges and accrued income
-€3,159
Trade debts
-€6,851
Tax, wage and social debts
-€5,262
Other debts
+€15,520
Accrued charges and deferred income
-€1,572
Investment (derived)
-€82,612
Investment in fixed assets (net)
-€78,612
Current investments
-€4,000
Financing
-€59,000
Debts after one year
+€15,274
Current portion of long-term debt
+€14,726
Contributions, distributions and other
-€89,000
Cash 2025
€92,418
brings cash intakes cash out
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €201,027 | €261,704 | +€60,678 | +30.2% |
| Fixed assets | 21/28 | €67,901 | €126,859 | +€58,958 | +86.8% |
| Tangible fixed assets | 22/27 | €67,901 | €126,859 | +€58,958 | +86.8% |
| Plant, machinery and equipment | 23 | €49,988 | €56,104 | +€6,116 | +12.2% |
| Furniture and vehicles | 24 | €17,913 | €70,755 | +€52,842 | +295% |
| Current assets | 29/58 | €133,125 | €134,845 | +€1,720 | +1.3% |
| Stocks and contracts in progress | 3 | €5,623 | €6,789 | +€1,166 | +20.7% |
| Stocks | 30/36 | €5,623 | €6,789 | +€1,166 | +20.7% |
| Amounts receivable within one year | 40/41 | €17,173 | €18,484 | +€1,311 | +7.6% |
| Trade receivables | 40 | €9,014 | €7,434 | -€1,580 | -17.5% |
| Other amounts receivable | 41 | €8,159 | €11,050 | +€2,891 | +35.4% |
| Current investments | 50/53 | - | €4,000 | +€4,000 | |
| Cash at bank and in hand | 54/58 | €100,333 | €92,418 | -€7,916 | -7.9% |
| Deferred charges and accrued income | 490/1 | €9,996 | €13,155 | +€3,159 | +31.6% |
| Total equity and liabilities | 10/49 | €201,027 | €261,704 | +€60,678 | +30.2% |
| Equity | 10/15 | €174,316 | €203,159 | +€28,843 | +16.5% |
| Contributions | 10/11 | €1,000 | €1,000 | = | 0.0% |
| Reserves | 13 | €69,800 | €30,800 | -€39,000 | -55.9% |
| Distributable reserves | 133 | €69,800 | €30,800 | -€39,000 | -55.9% |
| Profit (loss) carried forward | 14 | €103,516 | €171,359 | +€67,843 | +65.5% |
| Amounts payable | 17/49 | €26,710 | €58,545 | +€31,835 | +119% |
| Amounts payable after more than one year | 17 | - | €15,274 | +€15,274 | |
| Financial debts | 170/4 | - | €15,274 | +€15,274 | |
| Amounts payable within one year | 42/48 | €24,787 | €42,920 | +€18,133 | +73.2% |
| Current portion of amounts payable after more than one year | 42 | - | €14,726 | +€14,726 | |
| Trade debts | 44 | €18,065 | €11,214 | -€6,851 | -37.9% |
| Suppliers | 440/4 | €18,065 | €11,214 | -€6,851 | -37.9% |
| Taxes, remuneration and social security | 45 | €6,722 | €1,460 | -€5,262 | -78.3% |
| Taxes | 450/3 | €6,722 | €1,460 | -€5,262 | -78.3% |
| Other amounts payable | 47/48 | - | €15,520 | +€15,520 | |
| Accrued charges and deferred income | 492/3 | €1,923 | €351 | -€1,572 | -81.7% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €25,858 | €19,655 | -€6,203 | -24.0% |
| Other operating charges | 640/8 | €919 | €768 | -€151 | -16.4% |
| Gross operating margin | 9900 | €166,595 | €178,409 | +€11,813 | +7.1% |
| Operating profit (loss) | 9901 | €139,818 | €157,986 | +€18,167 | +13.0% |
| Financial income | 75/76B | €476 | €355 | -€122 | -25.5% |
| Recurring financial income | 75 | €476 | €355 | -€122 | -25.5% |
| Financial charges | 65/66B | €2,240 | €3,038 | +€799 | +35.7% |
| Recurring financial charges | 65 | €2,240 | €3,038 | +€799 | +35.7% |
| Profit (loss) for the period before taxes | 9903 | €138,055 | €155,302 | +€17,247 | +12.5% |
| Income taxes | 67/77 | €34,539 | €37,460 | +€2,921 | +8.5% |
| Profit (loss) for the period | 9904 | €103,516 | €117,843 | +€14,326 | +13.8% |
| Profit (loss) for the period to be appropriated | 9905 | €103,516 | €117,843 | +€14,326 | +13.8% |
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 4 November 2026 via checked.be.