NENUPHAR: 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
NENUPHAR
NACE 56.111, Full-service restaurants
financial year 2025 compared with 2024filed annual accounts (NBB)
Net result for the year
€116,559
2024 · €220,808-€104,248
Equity
€1.2m
2024 · €1.2m+€16,559
Cash
€41,112
2024 · €39,264+€1,848
Balance sheet total
€3.2m
2024 · €3.5m-€291,030
Largest movements
Assets
- Tangible fixed assets -€323,588
down €323,588 (-10.2%), from €3.2m to €2.8m
of which Furniture and vehicles: -€223,613
Equity and liabilities
- Debts after one year -€422,153
down €422,153 (-31.1%), from €1.4m to €936,879
- Other debts +€114,263
up €114,263 (+56.5%), from €202,227 to €316,490
- Trade debts -€58,221
down €58,221 (-20.0%), from €290,638 to €232,418
- Accrued charges and deferred income +€35,557
up €35,557 (+703%), from €5,058 to €40,615
Income statement
- Staff costs +€73,343
up €73,343 (+9.7%), from €759,469 to €832,812
- Taxes -€35,585
down €35,585 (-38.6%), from €92,132 to €56,547
- Gross operating margin -€31,134
down €31,134 (-2.1%), from €1.5m to €1.4m
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
€220,808
Gross operating margin
-€31,134
Staff costs
-€73,343
Depreciation
-€12,706
Other operating charges
-€552
Other operating items
-€35,679
Financial income
-€514
Financial charges
+€14,095
Taxes
+€35,585
Result 2025
€116,559
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
+€443,605
Investment
+€36,354
Financing
-€478,110
Cash 2024
€39,264
From operations (derived)
+€443,605
Net result for the year
+€116,559
Depreciation
+€288,264
Stocks and contracts
-€15,229
Receivables within one year
-€18,256
Deferred charges and accrued income
+€1,744
Trade debts
-€58,221
Tax, wage and social debts
-€21,078
Other debts
+€114,263
Accrued charges and deferred income
+€35,557
Investment (derived)
+€36,354
Investment in fixed assets (net)
+€36,354
Financing
-€478,110
Debts after one year
-€422,153
Current portion of long-term debt
+€21,855
Short-term financial debts
+€22,187
Contributions, distributions and other
-€100,000
Cash 2025
€41,112
brings cash intakes cash out
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €3,479,101 | €3,188,072 | -€291,030 | -8.4% |
| Fixed assets | 21/28 | €3,166,705 | €2,842,087 | -€324,618 | -10.3% |
| Intangible fixed assets | 21 | €2,029 | €998 | -€1,030 | -50.8% |
| Tangible fixed assets | 22/27 | €3,159,904 | €2,836,317 | -€323,588 | -10.2% |
| Land and buildings | 22 | €2,524,635 | €2,396,199 | -€128,436 | -5.1% |
| Plant, machinery and equipment | 23 | €330,613 | €359,074 | +€28,461 | +8.6% |
| Furniture and vehicles | 24 | €304,657 | €81,044 | -€223,613 | -73.4% |
| Financial fixed assets | 28 | €4,772 | €4,772 | = | 0.0% |
| Current assets | 29/58 | €312,397 | €345,985 | +€33,588 | +10.8% |
| Stocks and contracts in progress | 3 | €62,097 | €77,325 | +€15,229 | +24.5% |
| Stocks | 30/36 | €62,097 | €77,325 | +€15,229 | +24.5% |
| Amounts receivable within one year | 40/41 | €182,549 | €200,805 | +€18,256 | +10.0% |
| Trade receivables | 40 | €76,643 | €30,844 | -€45,799 | -59.8% |
| Other amounts receivable | 41 | €105,906 | €169,961 | +€64,054 | +60.5% |
| Current investments | 50/53 | €15,000 | €15,000 | = | 0.0% |
| Cash at bank and in hand | 54/58 | €39,264 | €41,112 | +€1,848 | +4.7% |
| Deferred charges and accrued income | 490/1 | €13,487 | €11,743 | -€1,744 | -12.9% |
| Total equity and liabilities | 10/49 | €3,479,101 | €3,188,072 | -€291,030 | -8.4% |
| Equity | 10/15 | €1,232,928 | €1,249,488 | +€16,559 | +1.3% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €0 | - | = | |
| Non-distributable reserves | 130/1 | €0 | - | = | |
| Reserves not available under the articles | 1311 | €0 | - | = | |
| Profit (loss) carried forward | 14 | €1,214,328 | €1,230,888 | +€16,559 | +1.4% |
| Amounts payable | 17/49 | €2,246,173 | €1,938,584 | -€307,589 | -13.7% |
| Amounts payable after more than one year | 17 | €1,359,031 | €936,879 | -€422,153 | -31.1% |
| Financial debts | 170/4 | €1,359,031 | €936,879 | -€422,153 | -31.1% |
| Amounts payable within one year | 42/48 | €882,084 | €961,091 | +€79,007 | +9.0% |
| Current portion of amounts payable after more than one year | 42 | €235,020 | €256,876 | +€21,855 | +9.3% |
| Financial debts | 43 | €34,615 | €56,802 | +€22,187 | +64.1% |
| Credit institutions | 430/8 | €34,615 | €27,636 | -€6,979 | -20.2% |
| Other loans | 439 | - | €29,166 | +€29,166 | |
| Trade debts | 44 | €290,638 | €232,418 | -€58,221 | -20.0% |
| Suppliers | 440/4 | €290,638 | €232,418 | -€58,221 | -20.0% |
| Taxes, remuneration and social security | 45 | €119,583 | €98,505 | -€21,078 | -17.6% |
| Taxes | 450/3 | €15,429 | €18,078 | +€2,649 | +17.2% |
| Remuneration and social security | 454/9 | €104,154 | €80,427 | -€23,727 | -22.8% |
| Other amounts payable | 47/48 | €202,227 | €316,490 | +€114,263 | +56.5% |
| Accrued charges and deferred income | 492/3 | €5,058 | €40,615 | +€35,557 | +703% |
| Remuneration, social security and pensions | 62 | €759,469 | €832,812 | +€73,343 | +9.7% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €275,558 | €288,264 | +€12,706 | +4.6% |
| Other operating charges | 640/8 | €9,822 | €10,374 | +€552 | +5.6% |
| Non-recurring operating charges | 66A | - | €35,679 | +€35,679 | |
| Gross operating margin | 9900 | €1,453,657 | €1,422,524 | -€31,134 | -2.1% |
| Operating profit (loss) | 9901 | €408,808 | €255,394 | -€153,414 | -37.5% |
| Financial income | 75/76B | €977 | €463 | -€514 | -52.6% |
| Recurring financial income | 75 | €977 | €463 | -€514 | -52.6% |
| Financial charges | 65/66B | €96,846 | €82,750 | -€14,095 | -14.6% |
| Recurring financial charges | 65 | €96,846 | €82,750 | -€14,095 | -14.6% |
| Profit (loss) for the period before taxes | 9903 | €312,939 | €173,106 | -€139,833 | -44.7% |
| Income taxes | 67/77 | €92,132 | €56,547 | -€35,585 | -38.6% |
| Profit (loss) for the period | 9904 | €220,808 | €116,559 | -€104,248 | -47.2% |
| Profit (loss) for the period to be appropriated | 9905 | €220,808 | €116,559 | -€104,248 | -47.2% |
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 14 October 2026 via checked.be.