L'O DE SOURCE: what changed
Two financial 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
L'O DE SOURCE
NACE 56.111, Full-service restaurants
financial year 2024 against 2025filed annual accounts (NBB)
Net result for the year
€10,821
2024 · €6,894+€3,927
Equity
€100,494
2024 · €89,674+€10,821
Cash
€33,731
2024 · €26,177+€7,554
Balance sheet total
€761,089
2024 · €780,982-€19,892
Largest movements
Assets
- Tangible fixed assets -€22,853
down €22,853 (-3.1%), from €737,483 to €714,630
of which Land and buildings: -€25,996
Equity and liabilities
- Debts after one year -€29,893
down €29,893 (-5.3%), from €560,003 to €530,110
- Reserves +€10,800
up €10,800 (+17.9%), from €60,450 to €71,250
Income statement
- Gross operating margin +€8,471
up €8,471 (+7.4%), from €114,692 to €123,164
- Staff costs +€2,135
up €2,135 (+7.5%), from €28,521 to €30,656
- Depreciation +€1,487
up €1,487 (+3.0%), from €50,132 to €51,619
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
€6,894
Gross operating margin
+€8,471
Staff costs
-€2,135
Depreciation
-€1,487
Other operating charges
-€119
Financial income
+€0
Financial charges
+€366
Taxes
-€1,170
Result 2025
€10,821
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
+€66,450
Investment
-€28,766
Financing
-€30,130
Cash 2024
€26,177
From operations (derived)
+€66,450
Net result for the year
+€10,821
Depreciation
+€51,619
Stocks and contracts
+€2,523
Receivables within one year
+€2,176
Deferred charges and accrued income
-€106
Trade debts
+€1,751
Tax, wage and social debts
+€204
Advances received
+€2,120
Other debts
-€1,278
Accrued charges and deferred income
-€3,380
Investment (derived)
-€28,766
Investment in fixed assets (net)
-€28,766
Financing
-€30,130
Debts after one year
-€29,893
Current portion of long-term debt
-€236
Cash 2025
€33,731
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €780,982 | €761,089 | -€19,892 | -2.5% |
| Fixed assets | 21/28 | €737,483 | €714,630 | -€22,853 | -3.1% |
| Tangible fixed assets | 22/27 | €737,483 | €714,630 | -€22,853 | -3.1% |
| Land and buildings | 22 | €589,251 | €563,255 | -€25,996 | -4.4% |
| Plant, machinery and equipment | 23 | €141,032 | €144,276 | +€3,244 | +2.3% |
| Furniture and vehicles | 24 | €7,199 | €7,099 | -€101 | -1.4% |
| Current assets | 29/58 | €43,498 | €46,459 | +€2,961 | +6.8% |
| Stocks and contracts in progress | 3 | €11,093 | €8,571 | -€2,523 | -22.7% |
| Stocks | 30/36 | €11,093 | €8,571 | -€2,523 | -22.7% |
| Amounts receivable within one year | 40/41 | €3,240 | €1,063 | -€2,176 | -67.2% |
| Trade receivables | 40 | €600 | €200 | -€400 | -66.7% |
| Other amounts receivable | 41 | €2,640 | €863 | -€1,776 | -67.3% |
| Cash at bank and in hand | 54/58 | €26,177 | €33,731 | +€7,554 | +28.9% |
| Deferred charges and accrued income | 490/1 | €2,989 | €3,094 | +€106 | +3.5% |
| Total equity and liabilities | 10/49 | €780,982 | €761,089 | -€19,892 | -2.5% |
| Equity | 10/15 | €89,674 | €100,494 | +€10,821 | +12.1% |
| Contributions | 10/11 | €20,000 | €20,000 | = | 0.0% |
| Reserves | 13 | €60,450 | €71,250 | +€10,800 | +17.9% |
| Distributable reserves | 133 | €60,450 | €71,250 | +€10,800 | +17.9% |
| Profit (loss) carried forward | 14 | €9,224 | €9,244 | +€21 | +0.2% |
| Amounts payable | 17/49 | €691,308 | €660,595 | -€30,713 | -4.4% |
| Amounts payable after more than one year | 17 | €560,003 | €530,110 | -€29,893 | -5.3% |
| Financial debts | 170/4 | €560,003 | €530,110 | -€29,893 | -5.3% |
| Amounts payable within one year | 42/48 | €127,925 | €130,485 | +€2,560 | +2.0% |
| Current portion of amounts payable after more than one year | 42 | €30,130 | €29,893 | -€236 | -0.8% |
| Trade debts | 44 | €7,907 | €9,658 | +€1,751 | +22.1% |
| Suppliers | 440/4 | €7,907 | €9,658 | +€1,751 | +22.1% |
| Advances received on contracts in progress | 46 | €1,300 | €3,420 | +€2,120 | +163.1% |
| Taxes, remuneration and social security | 45 | €4,224 | €4,428 | +€204 | +4.8% |
| Taxes | 450/3 | €2,509 | €4,428 | +€1,919 | +76.5% |
| Remuneration and social security | 454/9 | €1,714 | €0 | -€1,714 | -100.0% |
| Other amounts payable | 47/48 | €84,364 | €83,086 | -€1,278 | -1.5% |
| Accrued charges and deferred income | 492/3 | €3,380 | €0 | -€3,380 | -100.0% |
| Non-recurring operating income | 76A | - | €585 | +€585 | |
| Remuneration, social security and pensions | 62 | €28,521 | €30,656 | +€2,135 | +7.5% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €50,132 | €51,619 | +€1,487 | +3.0% |
| Other operating charges | 640/8 | €4,160 | €4,279 | +€119 | +2.9% |
| Gross operating margin | 9900 | €114,692 | €123,164 | +€8,471 | +7.4% |
| Operating profit (loss) | 9901 | €31,879 | €36,609 | +€4,730 | +14.8% |
| Financial income | 75/76B | €377 | €377 | +€0 | 0.0% |
| Recurring financial income | 75 | €377 | €377 | +€0 | 0.0% |
| Financial charges | 65/66B | €24,533 | €24,167 | -€366 | -1.5% |
| Recurring financial charges | 65 | €24,533 | €24,167 | -€366 | -1.5% |
| Profit (loss) for the period before taxes | 9903 | €7,723 | €12,819 | +€5,096 | +66.0% |
| Income taxes | 67/77 | €829 | €1,998 | +€1,170 | +141.1% |
| Profit (loss) for the period | 9904 | €6,894 | €10,821 | +€3,927 | +57.0% |
| Profit (loss) for the period to be appropriated | 9905 | €6,894 | €10,821 | +€3,927 | +57.0% |
Source: filed annual accounts (NBB), financial years ended 30 September 2024 and 30 September 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 9 October 2026 via checked.be.