LE CORTIL: 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
LE CORTIL
NACE 56.111, Full-service restaurants
financial year 2025 compared with 2024filed annual accounts (NBB)
Net result for the year
€41,038
2024 · €29,720+€11,318
Equity
€442,638
2024 · €403,267+€39,371
Cash
€108,604
2024 · €116,253-€7,649
Balance sheet total
€1.8m
2024 · €1.8m-€7,290
Largest movements
Assets
- Receivables within one year +€53,332
up €53,332 (+10.3%), from €516,692 to €570,024
of which Other amounts receivable: +€61,858
- Intangible fixed assets -€20,569
down €20,569 (-59.8%), from €34,412 to €13,843
Equity and liabilities
- Debts within one year +€87,094
up €87,094 (+9.7%), from €901,713 to €988,807
of which Tax, wage and social debts: +€160,220
- Accrued charges and deferred income -€85,370
down €85,370 (-99.3%), from €85,950 to €580
- Contributions +€73,592
up €73,592 (+22.0%), from €334,046 to €407,638
- Debts after one year -€66,585
down €66,585 (-15.4%), from €431,530 to €364,945
of which Financial debts: -€75,237
- Profit (loss) carried forward -€32,554
down €32,554 (-100%), from €32,554 to €0
Income statement
- Gross operating margin +€157,202
up €157,202 (+6.1%), from €2.6m to €2.7m
- Staff costs +€119,461
up €119,461 (+5.1%), from €2.4m to €2.5m
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
€29,720
Gross operating margin
+€157,202
Staff costs
-€119,461
Depreciation
+€4,603
Write-downs
+€19,012
Other operating charges
+€2,348
Other operating items
-€44,305
Financial income
-€2,833
Financial charges
-€5,249
Result 2025
€41,038
raises the resultlowers the resultnot broken down further in the accounts
Derived cash bridge
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
+€154,519
Investment
-€93,916
Financing
-€68,252
Cash 2024
€116,253
From operations (derived)
+€154,519
Net result for the year
+€41,038
Depreciation
+€130,509
Stocks and contracts
+€17,956
Receivables within one year
-€53,332
Deferred charges and accrued income
-€1,576
Provisions
+€18,200
Debts within one year
+€87,094
Accrued charges and deferred income
-€85,370
Investment (derived)
-€93,916
Investment in fixed assets (net)
-€93,917
Current investments
+€1
Financing
-€68,252
Debts after one year
-€66,585
Contributions, distributions and other
-€1,667
Cash 2025
€108,604
brings cash intakes cash out
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €1,828,460 | €1,821,170 | -€7,290 | -0.4% |
| Fixed assets | 21/28 | €1,123,563 | €1,086,971 | -€36,592 | -3.3% |
| Intangible fixed assets | 21 | €34,412 | €13,843 | -€20,569 | -59.8% |
| Tangible fixed assets | 22/27 | €705,111 | €687,588 | -€17,523 | -2.5% |
| Land and buildings | 22 | €217,026 | €207,801 | -€9,225 | -4.3% |
| Plant, machinery and equipment | 23 | €94,124 | €93,908 | -€216 | -0.2% |
| Furniture and vehicles | 24 | €103,536 | €105,893 | +€2,357 | +2.3% |
| Leasing and similar rights | 25 | €8,244 | €1,790 | -€6,454 | -78.3% |
| Other tangible fixed assets | 26 | €282,180 | €278,196 | -€3,984 | -1.4% |
| Financial fixed assets | 28 | €384,040 | €385,540 | +€1,500 | +0.4% |
| Current assets | 29/58 | €704,897 | €734,199 | +€29,302 | +4.2% |
| Stocks and contracts in progress | 3 | €69,519 | €51,563 | -€17,956 | -25.8% |
| Stocks | 30/36 | €69,519 | €51,563 | -€17,956 | -25.8% |
| Amounts receivable within one year | 40/41 | €516,692 | €570,024 | +€53,332 | +10.3% |
| Trade receivables | 40 | €139,419 | €130,893 | -€8,526 | -6.1% |
| Other amounts receivable | 41 | €377,272 | €439,131 | +€61,858 | +16.4% |
| Current investments | 50/53 | €84 | €83 | -€1 | -1.1% |
| Cash at bank and in hand | 54/58 | €116,253 | €108,604 | -€7,649 | -6.6% |
| Deferred charges and accrued income | 490/1 | €2,350 | €3,926 | +€1,576 | +67.1% |
| Total equity and liabilities | 10/49 | €1,828,460 | €1,821,170 | -€7,290 | -0.4% |
| Equity | 10/15 | €403,267 | €442,638 | +€39,371 | +9.8% |
| Contributions | 10/11 | €334,046 | €407,638 | +€73,592 | +22.0% |
| Capital | 10 | €334,046 | €407,638 | +€73,592 | +22.0% |
| Profit (loss) carried forward | 14 | €32,554 | €0 | -€32,554 | -100% |
| Investment grants | 15 | €36,667 | €35,000 | -€1,667 | -4.5% |
| Provisions and deferred taxes | 16 | €6,000 | €24,200 | +€18,200 | +303% |
| Provisions for liabilities and charges | 160/5 | €6,000 | €24,200 | +€18,200 | +303% |
| Other liabilities and charges | 164/5 | €6,000 | €24,200 | +€18,200 | +303% |
| Amounts payable | 17/49 | €1,419,193 | €1,354,332 | -€64,861 | -4.6% |
| Amounts payable after more than one year | 17 | €431,530 | €364,945 | -€66,585 | -15.4% |
| Financial debts | 170/4 | €381,151 | €305,914 | -€75,237 | -19.7% |
| Other amounts payable | 178/9 | €50,379 | €59,031 | +€8,652 | +17.2% |
| Amounts payable within one year | 42/48 | €901,713 | €988,807 | +€87,094 | +9.7% |
| Current portion of amounts payable after more than one year | 42 | €32,804 | €169,062 | +€136,258 | +415% |
| Financial debts | 43 | €460,000 | €377,000 | -€83,000 | -18.0% |
| Credit institutions | 430/8 | €460,000 | €377,000 | -€83,000 | -18.0% |
| Trade debts | 44 | €185,293 | €27,305 | -€157,988 | -85.3% |
| Suppliers | 440/4 | €185,293 | €27,305 | -€157,988 | -85.3% |
| Taxes, remuneration and social security | 45 | €223,616 | €383,836 | +€160,220 | +71.6% |
| Taxes | 450/3 | €959 | €37,558 | +€36,599 | +3,816% |
| Remuneration and social security | 454/9 | €222,657 | €346,278 | +€123,621 | +55.5% |
| Accrued charges and deferred income | 492/3 | €85,950 | €580 | -€85,370 | -99.3% |
| Non-recurring operating income | 76A | €10,591 | €57,500 | +€46,910 | +443% |
| Remuneration, social security and pensions | 62 | €2,357,541 | €2,477,002 | +€119,461 | +5.1% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €135,112 | €130,509 | -€4,603 | -3.4% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | €9,462 | -€9,550 | -€19,012 | |
| Other operating charges | 640/8 | €13,749 | €11,401 | -€2,348 | -17.1% |
| Non-recurring operating charges | 66A | €14,010 | €40,114 | +€26,105 | +186% |
| Gross operating margin | 9900 | €2,592,333 | €2,749,535 | +€157,202 | +6.1% |
| Operating profit (loss) | 9901 | €62,461 | €81,860 | +€19,399 | +31.1% |
| Financial income | 75/76B | €4,499 | €1,667 | -€2,833 | -63.0% |
| Recurring financial income | 75 | €4,499 | €1,667 | -€2,833 | -63.0% |
| Financial charges | 65/66B | €37,240 | €42,489 | +€5,249 | +14.1% |
| Recurring financial charges | 65 | €37,240 | €42,489 | +€5,249 | +14.1% |
| Profit (loss) for the period before taxes | 9903 | €29,720 | €41,038 | +€11,318 | +38.1% |
| Profit (loss) for the period | 9904 | €29,720 | €41,038 | +€11,318 | +38.1% |
| Profit (loss) for the period to be appropriated | 9905 | €29,720 | €41,038 | +€11,318 | +38.1% |
Source: filed annual accounts (NBB), financial years ended 31 December 2024 and 31 December 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 20 October 2026 via checked.be.