M&S Récolte: 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
M&S Récolte
NACE 56.112, Limited-service restaurants, excluding mobile food services
financial year 2025 compared with 2024filed annual accounts (NBB)
Net result for the year
€1,115
2024 · €5,293-€4,178
Equity
€166,326
2024 · €165,210+€1,116
Cash
€6,799
2024 · €4,918+€1,881
Balance sheet total
€501,488
2024 · €520,978-€19,490
Largest movements
Assets
- Tangible fixed assets -€16,230
down €16,230 (-3.5%), from €465,520 to €449,290
of which Land and buildings: -€15,092
- Stocks and contracts -€8,599
down €8,599 (-17.8%), from €48,383 to €39,784
Equity and liabilities
- Debts after one year -€25,215
down €25,215 (-9.7%), from €260,976 to €235,761
of which Financial debts: -€29,515
- Tax, wage and social debts +€7,735
up €7,735 (+96.2%), from €8,037 to €15,772
of which Remuneration and social security: +€10,291
Income statement
- Gross operating margin -€31,726
down €31,726 (-48.1%), from €65,945 to €34,219
- Staff costs -€26,765
down €26,765 (-82.6%), from €32,387 to €5,622
- Financial charges -€1,510
down €1,510 (-16.7%), from €9,061 to €7,551
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
€5,293
Gross operating margin
-€31,726
Staff costs
+€26,765
Depreciation
-€198
Other operating charges
-€486
Financial income
-€1
Financial charges
+€1,510
Taxes
-€42
Result 2025
€1,115
raises the resultlowers the result
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
+€30,063
Investment
+€1
Financing
-€28,183
Cash 2024
€4,918
From operations (derived)
+€30,063
Net result for the year
+€1,115
Depreciation
+€16,229
Stocks and contracts
+€8,599
Receivables within one year
-€3,458
Trade debts
+€448
Tax, wage and social debts
+€7,735
Advances received
+€1,404
Other debts
+€1,956
Accrued charges and deferred income
-€3,965
Investment (derived)
+€1
Investment in fixed assets (net)
+€1
Financing
-€28,183
Debts after one year
-€25,215
Current portion of long-term debt
-€2,969
Contributions, distributions and other
+€1
Cash 2025
€6,799
brings cash intakes cash out
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €520,978 | €501,488 | -€19,490 | -3.7% |
| Fixed assets | 21/28 | €465,520 | €449,290 | -€16,230 | -3.5% |
| Tangible fixed assets | 22/27 | €465,520 | €449,290 | -€16,230 | -3.5% |
| Land and buildings | 22 | €463,164 | €448,072 | -€15,092 | -3.3% |
| Furniture and vehicles | 24 | €1,267 | €539 | -€728 | -57.5% |
| Other tangible fixed assets | 26 | €1,089 | €679 | -€410 | -37.6% |
| Current assets | 29/58 | €55,458 | €52,198 | -€3,260 | -5.9% |
| Stocks and contracts in progress | 3 | €48,383 | €39,784 | -€8,599 | -17.8% |
| Stocks | 30/36 | €48,383 | €39,784 | -€8,599 | -17.8% |
| Amounts receivable within one year | 40/41 | €2,157 | €5,615 | +€3,458 | +160% |
| Trade receivables | 40 | €2,074 | €2,818 | +€744 | +35.9% |
| Other amounts receivable | 41 | €83 | €2,797 | +€2,714 | +3,270% |
| Cash at bank and in hand | 54/58 | €4,918 | €6,799 | +€1,881 | +38.2% |
| Total equity and liabilities | 10/49 | €520,978 | €501,488 | -€19,490 | -3.7% |
| Equity | 10/15 | €165,210 | €166,326 | +€1,116 | +0.7% |
| Contributions | 10/11 | €148,000 | €148,000 | = | 0.0% |
| Contributions outside capital | 11 | €148,000 | €148,000 | = | 0.0% |
| Other | 1109/19 | €148,000 | €148,000 | = | 0.0% |
| Reserves | 13 | €16,860 | €16,860 | = | 0.0% |
| Non-distributable reserves | 130/1 | €1,860 | €1,860 | = | 0.0% |
| Reserves not available under the articles | 1311 | €1,860 | €1,860 | = | 0.0% |
| Distributable reserves | 133 | €15,000 | €15,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | €350 | €1,466 | +€1,116 | +319% |
| Amounts payable | 17/49 | €355,768 | €335,162 | -€20,606 | -5.8% |
| Amounts payable after more than one year | 17 | €260,976 | €235,761 | -€25,215 | -9.7% |
| Financial debts | 170/4 | €260,976 | €231,461 | -€29,515 | -11.3% |
| Other amounts payable | 178/9 | - | €4,300 | +€4,300 | |
| Amounts payable within one year | 42/48 | €89,976 | €98,550 | +€8,574 | +9.5% |
| Current portion of amounts payable after more than one year | 42 | €31,157 | €28,188 | -€2,969 | -9.5% |
| Trade debts | 44 | €27,763 | €28,211 | +€448 | +1.6% |
| Suppliers | 440/4 | €27,763 | €28,211 | +€448 | +1.6% |
| Advances received on contracts in progress | 46 | €2,030 | €3,434 | +€1,404 | +69.2% |
| Taxes, remuneration and social security | 45 | €8,037 | €15,772 | +€7,735 | +96.2% |
| Taxes | 450/3 | €3,326 | €770 | -€2,556 | -76.8% |
| Remuneration and social security | 454/9 | €4,711 | €15,002 | +€10,291 | +218% |
| Other amounts payable | 47/48 | €20,989 | €22,945 | +€1,956 | +9.3% |
| Accrued charges and deferred income | 492/3 | €4,816 | €851 | -€3,965 | -82.3% |
| Remuneration, social security and pensions | 62 | €32,387 | €5,622 | -€26,765 | -82.6% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €16,031 | €16,229 | +€198 | +1.2% |
| Other operating charges | 640/8 | €2,810 | €3,296 | +€486 | +17.3% |
| Gross operating margin | 9900 | €65,945 | €34,219 | -€31,726 | -48.1% |
| Operating profit (loss) | 9901 | €14,717 | €9,072 | -€5,645 | -38.4% |
| Financial income | 75/76B | €1 | - | -€1 | |
| Recurring financial income | 75 | €1 | - | -€1 | |
| Financial charges | 65/66B | €9,061 | €7,551 | -€1,510 | -16.7% |
| Recurring financial charges | 65 | €9,061 | €7,551 | -€1,510 | -16.7% |
| Profit (loss) for the period before taxes | 9903 | €5,657 | €1,521 | -€4,136 | -73.1% |
| Income taxes | 67/77 | €364 | €406 | +€42 | +11.5% |
| Profit (loss) for the period | 9904 | €5,293 | €1,115 | -€4,178 | -78.9% |
| Profit (loss) for the period to be appropriated | 9905 | €5,293 | €1,115 | -€4,178 | -78.9% |
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 30 October 2026 via checked.be.