LEOPOLD FOOD: what changed
What changed
LEOPOLD FOOD
NACE 56.112, Limited-service restaurants, excluding mobile food services
filed annual accounts (NBB)
Net result for the year
€81,988
2024 · €63,243+€18,744
Equity
€145,828
2024 · €66,959+€78,869
Cash
€44,023
2024 · €80,483-€36,461
Balance sheet total
€316,028
2024 · €314,014+€2,014
Largest movements
Assets
- Receivables within one year +€59,277
up €59,277 (+50.5%), from €117,328 to €176,605
of which Other amounts receivable: +€51,809
- Cash -€36,461
down €36,461 (-45.3%), from €80,483 to €44,023
mainly Receivables within one year (-€59,277) and Current portion of long-term debt (-€34,387)
- Tangible fixed assets -€19,621
down €19,621 (-19.2%), from €102,270 to €82,649
of which Other tangible fixed assets: -€11,997
Equity and liabilities
- Profit (loss) carried forward +€77,888
up €77,888, from €0 to €77,888
- Current portion of long-term debt -€34,387
down €34,387 (-76.7%), from €44,856 to €10,469
- Tax, wage and social debts -€30,079
down €30,079 (-55.9%), from €53,828 to €23,749
of which Taxes: -€29,606
- Other debts -€21,644
down €21,644 (-100%), from €21,644 to €0
- Trade debts +€15,521
up €15,521 (+13.0%), from €119,741 to €135,262
Income statement
- Gross operating margin +€53,898
up €53,898 (+17.1%), from €315,636 to €369,534
- Staff costs +€29,262
up €29,262 (+14.2%), from €205,715 to €234,976
- Financial income -€5,176
down €5,176 (-60.0%), from €8,627 to €3,451
- Taxes +€3,947
up €3,947 (+16.1%), from €24,522 to €28,469
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
€63,243
Gross operating margin
+€53,898
Staff costs
-€29,262
Depreciation
+€2,397
Other operating charges
-€430
Financial income
-€5,176
Financial charges
+€1,264
Taxes
-€3,947
Result 2025
€81,988
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
+€13,157
Investment
-€5,127
Financing
-€44,491
Cash 2024
€80,483
From operations (derived)
+€13,157
Net result for the year
+€81,988
Depreciation
+€25,131
Stocks and contracts
+€317
Receivables within one year
-€59,277
Deferred charges and accrued income
+€480
Trade debts
+€15,521
Tax, wage and social debts
-€30,079
Other debts
-€21,644
Accrued charges and deferred income
+€720
Investment (derived)
-€5,127
Investment in fixed assets (net)
-€5,127
Financing
-€44,491
Debts after one year
-€6,985
Current portion of long-term debt
-€34,387
Contributions, distributions and other
-€3,119
Cash 2025
€44,023
brings cash intakes cash out
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €314,014 | €316,028 | +€2,014 | +0.6% |
| Fixed assets | 21/28 | €106,111 | €86,107 | -€20,005 | -18.9% |
| Intangible fixed assets | 21 | €1,058 | €705 | -€353 | -33.4% |
| Tangible fixed assets | 22/27 | €102,270 | €82,649 | -€19,621 | -19.2% |
| Furniture and vehicles | 24 | €47,783 | €40,158 | -€7,625 | -16.0% |
| Other tangible fixed assets | 26 | €54,487 | €42,491 | -€11,997 | -22.0% |
| Financial fixed assets | 28 | €2,783 | €2,753 | -€30 | -1.1% |
| Current assets | 29/58 | €207,902 | €229,922 | +€22,019 | +10.6% |
| Stocks and contracts in progress | 3 | €9,425 | €9,108 | -€317 | -3.4% |
| Stocks | 30/36 | €9,425 | €9,108 | -€317 | -3.4% |
| Amounts receivable within one year | 40/41 | €117,328 | €176,605 | +€59,277 | +50.5% |
| Trade receivables | 40 | €23,714 | €31,182 | +€7,468 | +31.5% |
| Other amounts receivable | 41 | €93,614 | €145,423 | +€51,809 | +55.3% |
| Cash at bank and in hand | 54/58 | €80,483 | €44,023 | -€36,461 | -45.3% |
| Deferred charges and accrued income | 490/1 | €666 | €186 | -€480 | -72.1% |
| Total equity and liabilities | 10/49 | €314,014 | €316,028 | +€2,014 | +0.6% |
| Equity | 10/15 | €66,959 | €145,828 | +€78,869 | +118% |
| Contributions | 10/11 | €62,000 | €62,000 | = | 0.0% |
| Capital | 10 | €62,000 | €62,000 | = | 0.0% |
| Issued capital | 100 | €62,000 | €62,000 | = | 0.0% |
| Reserves | 13 | €1,840 | €5,940 | +€4,099 | +223% |
| Non-distributable reserves | 130/1 | €1,840 | €5,940 | +€4,099 | +223% |
| Legal reserve | 130 | €1,840 | €5,940 | +€4,099 | +223% |
| Profit (loss) carried forward | 14 | €0 | €77,888 | +€77,888 | |
| Investment grants | 15 | €3,119 | €0 | -€3,119 | -100% |
| Amounts payable | 17/49 | €247,055 | €170,200 | -€76,855 | -31.1% |
| Amounts payable after more than one year | 17 | €6,985 | €0 | -€6,985 | -100% |
| Financial debts | 170/4 | €6,985 | €0 | -€6,985 | -100% |
| Amounts payable within one year | 42/48 | €240,069 | €169,480 | -€70,589 | -29.4% |
| Current portion of amounts payable after more than one year | 42 | €44,856 | €10,469 | -€34,387 | -76.7% |
| Trade debts | 44 | €119,741 | €135,262 | +€15,521 | +13.0% |
| Suppliers | 440/4 | €119,741 | €135,262 | +€15,521 | +13.0% |
| Taxes, remuneration and social security | 45 | €53,828 | €23,749 | -€30,079 | -55.9% |
| Taxes | 450/3 | €34,147 | €4,541 | -€29,606 | -86.7% |
| Remuneration and social security | 454/9 | €19,681 | €19,208 | -€473 | -2.4% |
| Other amounts payable | 47/48 | €21,644 | €0 | -€21,644 | -100% |
| Accrued charges and deferred income | 492/3 | €0 | €720 | +€720 | |
| Non-recurring operating income | 76A | - | €26,454 | +€26,454 | |
| Remuneration, social security and pensions | 62 | €205,715 | €234,976 | +€29,262 | +14.2% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €27,529 | €25,131 | -€2,397 | -8.7% |
| Other operating charges | 640/8 | €672 | €1,102 | +€430 | +64.0% |
| Gross operating margin | 9900 | €315,636 | €369,534 | +€53,898 | +17.1% |
| Operating profit (loss) | 9901 | €81,720 | €108,324 | +€26,604 | +32.6% |
| Financial income | 75/76B | €8,627 | €3,451 | -€5,176 | -60.0% |
| Recurring financial income | 75 | €8,627 | €3,451 | -€5,176 | -60.0% |
| Financial charges | 65/66B | €2,582 | €1,318 | -€1,264 | -48.9% |
| Recurring financial charges | 65 | €2,582 | €1,318 | -€1,264 | -48.9% |
| Profit (loss) for the period before taxes | 9903 | €87,765 | €110,456 | +€22,691 | +25.9% |
| Income taxes | 67/77 | €24,522 | €28,469 | +€3,947 | +16.1% |
| Profit (loss) for the period | 9904 | €63,243 | €81,988 | +€18,744 | +29.6% |
| Profit (loss) for the period to be appropriated | 9905 | €63,243 | €81,988 | +€18,744 | +29.6% |
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.