MORESTO: 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
MORESTO
NACE 56.111, Full-service restaurants
financial year 2025 compared with 2024filed annual accounts (NBB)
Net result for the year
€871,036
2024 · €289,723+€581,313
Equity
€4.3m
2024 · €3.4m+€871,036
Cash
€112,805
2024 · €83,792+€29,013
Balance sheet total
€8.1m
2024 · €6.5m+€1.7m
Largest movements
Assets
- Tangible fixed assets +€1.6m
up €1.6m (+34.2%), from €4.7m to €6.2m
of which Plant, machinery and equipment: +€1.2m
Equity and liabilities
- Reserves +€870,000
up €870,000 (+38.0%), from €2.3m to €3.2m
of which Distributable reserves: +€870,000
- Debts after one year +€711,903
up €711,903 (+35.0%), from €2.0m to €2.7m
- Current portion of long-term debt +€132,080
up €132,080 (+36.7%), from €359,847 to €491,927
Income statement
- Financial income +€582,052
up €582,052 (+129%), from €451,396 to €1.0m
of which Non-recurring financial income: +€563,425
- Gross operating margin +€155,164
up €155,164 (+8.3%), from €1.9m to €2.0m
- Depreciation +€107,386
up €107,386 (+27.2%), from €394,317 to €501,703
- Financial charges +€24,046
up €24,046 (+39.6%), from €60,755 to €84,801
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
€289,723
Gross operating margin
+€155,164
Staff costs
-€12,926
Depreciation
-€107,386
Write-downs
+€916
Other operating charges
-€12,461
Financial income
+€582,052
Financial charges
-€24,046
Result 2025
€871,036
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
+€1.3m
Investment
-€2.1m
Financing
+€843,983
Cash 2024
€83,792
From operations (derived)
+€1.3m
Net result for the year
+€871,036
Depreciation
+€501,703
Smaller working-capital items
+€5,445
Stocks and contracts
+€7,039
Receivables within one year
-€46,762
Tax, wage and social debts
-€23,939
Accrued charges and deferred income
-€16,920
Investment (derived)
-€2.1m
Investment in fixed assets (net)
-€2.1m
Current investments
-€1,049
Financing
+€843,983
Debts after one year
+€711,903
Current portion of long-term debt
+€132,080
Cash 2025
€112,805
brings cash intakes cash out
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €6,470,961 | €8,149,967 | +€1.7m | +25.9% |
| Fixed assets | 21/28 | €5,656,387 | €7,266,207 | +€1.6m | +28.5% |
| Intangible fixed assets | 21 | - | €16,518 | +€16,518 | |
| Tangible fixed assets | 22/27 | €4,651,572 | €6,242,142 | +€1.6m | +34.2% |
| Land and buildings | 22 | €3,290,550 | €3,583,105 | +€292,555 | +8.9% |
| Plant, machinery and equipment | 23 | €1,305,229 | €2,499,157 | +€1.2m | +91.5% |
| Furniture and vehicles | 24 | €55,793 | €159,881 | +€104,088 | +187% |
| Financial fixed assets | 28 | €1,004,815 | €1,007,547 | +€2,732 | +0.3% |
| Current assets | 29/58 | €814,574 | €883,759 | +€69,185 | +8.5% |
| Amounts receivable after more than one year | 29 | €840 | €240 | -€600 | -71.4% |
| Trade receivables | 290 | €840 | €240 | -€600 | -71.4% |
| Stocks and contracts in progress | 3 | €39,342 | €32,302 | -€7,039 | -17.9% |
| Stocks | 30/36 | €39,342 | €32,302 | -€7,039 | -17.9% |
| Amounts receivable within one year | 40/41 | €465,594 | €512,356 | +€46,762 | +10.0% |
| Trade receivables | 40 | €444,521 | €500,131 | +€55,610 | +12.5% |
| Other amounts receivable | 41 | €21,073 | €12,225 | -€8,848 | -42.0% |
| Current investments | 50/53 | €225,007 | €226,056 | +€1,049 | +0.5% |
| Cash at bank and in hand | 54/58 | €83,792 | €112,805 | +€29,013 | +34.6% |
| Total equity and liabilities | 10/49 | €6,470,961 | €8,149,967 | +€1.7m | +25.9% |
| Equity | 10/15 | €3,417,448 | €4,288,484 | +€871,036 | +25.5% |
| Contributions | 10/11 | €872,100 | €872,100 | = | 0.0% |
| Capital | 10 | €872,100 | €872,100 | = | 0.0% |
| Issued capital | 100 | €872,100 | €872,100 | = | 0.0% |
| Revaluation surpluses | 12 | €250,000 | €250,000 | = | 0.0% |
| Reserves | 13 | €2,291,440 | €3,161,440 | +€870,000 | +38.0% |
| Non-distributable reserves | 130/1 | €312,210 | €312,210 | = | 0.0% |
| Legal reserve | 130 | €87,210 | €87,210 | = | 0.0% |
| Own shares acquired | 1312 | €225,000 | €225,000 | = | 0.0% |
| Tax-exempt reserves | 132 | €56,250 | €56,250 | = | 0.0% |
| Distributable reserves | 133 | €1,922,980 | €2,792,980 | +€870,000 | +45.2% |
| Profit (loss) carried forward | 14 | €3,908 | €4,944 | +€1,036 | +26.5% |
| Amounts payable | 17/49 | €3,053,513 | €3,861,482 | +€807,969 | +26.5% |
| Amounts payable after more than one year | 17 | €2,036,885 | €2,748,789 | +€711,903 | +35.0% |
| Financial debts | 170/4 | €2,036,885 | €2,748,789 | +€711,903 | +35.0% |
| Amounts payable within one year | 42/48 | €939,306 | €1,052,292 | +€112,986 | +12.0% |
| Current portion of amounts payable after more than one year | 42 | €359,847 | €491,927 | +€132,080 | +36.7% |
| Trade debts | 44 | €352,020 | €355,865 | +€3,845 | +1.1% |
| Suppliers | 440/4 | €352,020 | €355,865 | +€3,845 | +1.1% |
| Taxes, remuneration and social security | 45 | €227,439 | €203,500 | -€23,939 | -10.5% |
| Taxes | 450/3 | €37,827 | €36,788 | -€1,040 | -2.7% |
| Remuneration and social security | 454/9 | €189,612 | €166,713 | -€22,899 | -12.1% |
| Other amounts payable | 47/48 | - | €1,000 | +€1,000 | |
| Accrued charges and deferred income | 492/3 | €77,322 | €60,402 | -€16,920 | -21.9% |
| Remuneration, social security and pensions | 62 | €1,530,390 | €1,543,316 | +€12,926 | +0.8% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €394,317 | €501,703 | +€107,386 | +27.2% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | €916 | - | -€916 | |
| Other operating charges | 640/8 | €53,148 | €65,609 | +€12,461 | +23.4% |
| Gross operating margin | 9900 | €1,877,854 | €2,033,018 | +€155,164 | +8.3% |
| Operating profit (loss) | 9901 | -€100,918 | -€77,611 | +€23,307 | +23.1% |
| Financial income | 75/76B | €451,396 | €1,033,448 | +€582,052 | +129% |
| Recurring financial income | 75 | €451,396 | €470,023 | +€18,627 | +4.1% |
| Non-recurring financial income | 76B | - | €563,425 | +€563,425 | |
| Financial charges | 65/66B | €60,755 | €84,801 | +€24,046 | +39.6% |
| Recurring financial charges | 65 | €60,755 | €84,801 | +€24,046 | +39.6% |
| Profit (loss) for the period before taxes | 9903 | €289,723 | €871,036 | +€581,313 | +201% |
| Profit (loss) for the period | 9904 | €289,723 | €871,036 | +€581,313 | +201% |
| Profit (loss) for the period to be appropriated | 9905 | €289,723 | €871,036 | +€581,313 | +201% |
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 18 October 2026 via checked.be.