MEMLING: what changed
Two fiscal 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
MEMLING
NACE 56.111, Full-service restaurants
fiscal year 2024 against 2025filed annual accounts (NBB)
Net result for the year
€35,184
2024 · €10,684+€24,500
Equity
€457,542
2024 · €422,358+€35,184
Cash
€46,777
2024 · €66,413-€19,635
Balance sheet total
€2.4m
2024 · €2.2m+€229,704
Largest movements
Assets
- Receivables after one year +€445,685
up €445,685 (+52.0%), from €856,802 to €1.3m
- Tangible fixed assets -€189,317
down €189,317 (-17.1%), from €1.1m to €915,776
Equity and liabilities
- Debts after one year +€168,881
up €168,881 (+22.0%), from €766,748 to €935,629
of which Other amounts payable: +€243,809
- Current portion of long-term debt -€74,055
down €74,055 (-56.1%), from €131,889 to €57,834
- Trade debts +€66,280
up €66,280 (+15.1%), from €439,903 to €506,184
- Tax, wage and social debts +€61,356
up €61,356 (+22.8%), from €268,968 to €330,324
of which Remuneration and social security: +€40,372
- Reserves +€35,184
up €35,184 (+14.5%), from €242,358 to €277,542
of which Distributable reserves: +€35,184
Income statement
- Staff costs -€61,942
down €61,942 (-7.4%), from €832,922 to €770,980
- Gross operating margin -€16,685
down €16,685 (-1.5%), from €1.1m to €1.1m
- Financial charges +€16,183
up €16,183 (+40.2%), from €40,248 to €56,431
- Depreciation -€12,870
down €12,870 (-5.5%), from €232,816 to €219,946
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
€10,684
Gross operating margin
-€16,685
Staff costs
+€61,942
Depreciation
+€12,870
Other operating charges
-€3,413
Financial income
-€4,456
Financial charges
-€16,183
Taxes
-€9,575
Result 2025
€35,184
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
-€64,144
Investment
-€27,984
Financing
+€72,492
Cash 2024
€66,413
From operations (derived)
-€64,144
Net result for the year
+€35,184
Depreciation
+€219,946
Receivables after one year
-€445,685
Stocks and contracts
+€5,038
Receivables within one year
+€4,335
Deferred charges and accrued income
-€4,990
Trade debts
+€66,280
Tax, wage and social debts
+€61,356
Other debts
-€1,135
Accrued charges and deferred income
-€4,474
Investment (derived)
-€27,984
Investment in fixed assets (net)
-€27,984
Financing
+€72,492
Debts after one year
+€168,881
Current portion of long-term debt
-€74,055
Short-term financial debts
-€22,334
Cash 2025
€46,777
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €2,184,352 | €2,414,056 | +€229,704 | +10.5% |
| Fixed assets | 21/28 | €1,108,630 | €916,667 | -€191,962 | -17.3% |
| Tangible fixed assets | 22/27 | €1,105,093 | €915,776 | -€189,317 | -17.1% |
| Land and buildings | 22 | €415,132 | €326,562 | -€88,569 | -21.3% |
| Plant, machinery and equipment | 23 | €37,593 | €25,470 | -€12,123 | -32.2% |
| Furniture and vehicles | 24 | €30,633 | €23,362 | -€7,270 | -23.7% |
| Leasing and similar rights | 25 | €100,242 | €70,582 | -€29,661 | -29.6% |
| Other tangible fixed assets | 26 | €521,493 | €469,800 | -€51,693 | -9.9% |
| Financial fixed assets | 28 | €3,537 | €891 | -€2,645 | -74.8% |
| Current assets | 29/58 | €1,075,723 | €1,497,389 | +€421,667 | +39.2% |
| Amounts receivable after more than one year | 29 | €856,802 | €1,302,486 | +€445,685 | +52.0% |
| Other amounts receivable | 291 | €856,802 | €1,302,486 | +€445,685 | +52.0% |
| Stocks and contracts in progress | 3 | €86,597 | €81,559 | -€5,038 | -5.8% |
| Stocks | 30/36 | €86,597 | €81,559 | -€5,038 | -5.8% |
| Amounts receivable within one year | 40/41 | €54,724 | €50,389 | -€4,335 | -7.9% |
| Trade receivables | 40 | €45,791 | €36,346 | -€9,444 | -20.6% |
| Other amounts receivable | 41 | €8,934 | €14,043 | +€5,109 | +57.2% |
| Cash at bank and in hand | 54/58 | €66,413 | €46,777 | -€19,635 | -29.6% |
| Deferred charges and accrued income | 490/1 | €11,187 | €16,177 | +€4,990 | +44.6% |
| Total equity and liabilities | 10/49 | €2,184,352 | €2,414,056 | +€229,704 | +10.5% |
| Equity | 10/15 | €422,358 | €457,542 | +€35,184 | +8.3% |
| Contributions | 10/11 | €180,000 | €180,000 | = | 0.0% |
| Reserves | 13 | €242,358 | €277,542 | +€35,184 | +14.5% |
| Non-distributable reserves | 130/1 | €3,948 | €3,948 | = | 0.0% |
| Reserves not available under the articles | 1311 | €3,948 | €3,948 | = | 0.0% |
| Distributable reserves | 133 | €238,409 | €273,594 | +€35,184 | +14.8% |
| Amounts payable | 17/49 | €1,761,994 | €1,956,514 | +€194,520 | +11.0% |
| Amounts payable after more than one year | 17 | €766,748 | €935,629 | +€168,881 | +22.0% |
| Financial debts | 170/4 | €122,995 | €48,068 | -€74,927 | -60.9% |
| Other amounts payable | 178/9 | €643,753 | €887,561 | +€243,809 | +37.9% |
| Amounts payable within one year | 42/48 | €930,389 | €960,502 | +€30,112 | +3.2% |
| Current portion of amounts payable after more than one year | 42 | €131,889 | €57,834 | -€74,055 | -56.1% |
| Financial debts | 43 | €85,469 | €63,135 | -€22,334 | -26.1% |
| Credit institutions | 430/8 | - | €28,947 | +€28,947 | |
| Other loans | 439 | €85,469 | €34,188 | -€51,281 | -60.0% |
| Trade debts | 44 | €439,903 | €506,184 | +€66,280 | +15.1% |
| Suppliers | 440/4 | €439,903 | €506,184 | +€66,280 | +15.1% |
| Taxes, remuneration and social security | 45 | €268,968 | €330,324 | +€61,356 | +22.8% |
| Taxes | 450/3 | €59,414 | €80,399 | +€20,985 | +35.3% |
| Remuneration and social security | 454/9 | €209,553 | €249,925 | +€40,372 | +19.3% |
| Other amounts payable | 47/48 | €4,161 | €3,026 | -€1,135 | -27.3% |
| Accrued charges and deferred income | 492/3 | €64,857 | €60,383 | -€4,474 | -6.9% |
| Non-recurring operating income | 76A | - | €331 | +€331 | |
| Remuneration, social security and pensions | 62 | €832,922 | €770,980 | -€61,942 | -7.4% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €232,816 | €219,946 | -€12,870 | -5.5% |
| Other operating charges | 640/8 | €3,862 | €7,275 | +€3,413 | +88.4% |
| Gross operating margin | 9900 | €1,126,410 | €1,109,725 | -€16,685 | -1.5% |
| Operating profit (loss) | 9901 | €56,811 | €111,524 | +€54,714 | +96.3% |
| Financial income | 75/76B | €4,459 | €4 | -€4,456 | -99.9% |
| Recurring financial income | 75 | €4,459 | €4 | -€4,456 | -99.9% |
| Financial charges | 65/66B | €40,248 | €56,431 | +€16,183 | +40.2% |
| Recurring financial charges | 65 | €40,248 | €56,431 | +€16,183 | +40.2% |
| Profit (loss) for the period before taxes | 9903 | €21,022 | €55,097 | +€34,075 | +162.1% |
| Income taxes | 67/77 | €10,338 | €19,913 | +€9,575 | +92.6% |
| Profit (loss) for the period | 9904 | €10,684 | €35,184 | +€24,500 | +229.3% |
| Profit (loss) for the period to be appropriated | 9905 | €10,684 | €35,184 | +€24,500 | +229.3% |
Source: filed annual accounts (NBB), fiscal years ended 30 September 2024 and 30 September 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 6 October 2026 via checked.be.