NI SHIFU: what changed
What changed
NI SHIFU
NACE 56.111, Full-service restaurants
filed annual accounts (NBB)
Net result for the year
€276,916
2024 · €217,561+€59,355
Equity
€853,543
2024 · €576,628+€276,916
Cash
€788,847
2024 · €497,693+€291,155
Balance sheet total
€916,249
2024 · €636,827+€279,422
Largest movements
Assets
- Cash +€291,155
up €291,155 (+58.5%), from €497,693 to €788,847
mainly Net result for the year (+€276,916) and Depreciation (+€18,355)
- Tangible fixed assets -€12,539
down €12,539 (-14.2%), from €88,104 to €75,566
of which Furniture and vehicles: -€11,526
Equity and liabilities
- Reserves +€276,916
up €276,916 (+50.7%), from €546,628 to €823,543
Income statement
- Gross operating margin +€92,396
up €92,396 (+22.0%), from €419,942 to €512,338
- Taxes +€24,788
up €24,788 (+25.3%), from €97,912 to €122,700
- Staff costs +€11,325
up €11,325 (+13.8%), from €82,327 to €93,652
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
€217,561
Gross operating margin
+€92,396
Staff costs
-€11,325
Depreciation
+€1,610
Other operating items
+€906
Financial income
-€185
Financial charges
+€740
Taxes
-€24,788
Result 2025
€276,916
raises the resultlowers the resultnot broken down further in the accounts
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
+€296,971
Investment
-€5,816
Financing
€0
Cash 2024
€497,693
From operations (derived)
+€296,971
Net result for the year
+€276,916
Depreciation
+€18,355
Smaller working-capital items
-€745
Receivables within one year
-€1,618
Deferred charges and accrued income
+€1,474
Trade debts
+€3,806
Tax, wage and social debts
-€1,216
Investment (derived)
-€5,816
Investment in fixed assets (net)
-€5,816
Cash 2025
€788,847
brings cash intakes cash out
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €636,827 | €916,249 | +€279,422 | +43.9% |
| Fixed assets | 21/28 | €88,104 | €75,566 | -€12,539 | -14.2% |
| Tangible fixed assets | 22/27 | €88,104 | €75,566 | -€12,539 | -14.2% |
| Plant, machinery and equipment | 23 | €18,953 | €18,326 | -€626 | -3.3% |
| Furniture and vehicles | 24 | €68,765 | €57,239 | -€11,526 | -16.8% |
| Other tangible fixed assets | 26 | €387 | - | -€387 | |
| Current assets | 29/58 | €548,723 | €840,684 | +€291,961 | +53.2% |
| Stocks and contracts in progress | 3 | €2,126 | €2,787 | +€662 | +31.1% |
| Stocks | 30/36 | €2,126 | €2,787 | +€662 | +31.1% |
| Amounts receivable within one year | 40/41 | €46,902 | €48,521 | +€1,618 | +3.5% |
| Trade receivables | 40 | €3,719 | €3,946 | +€227 | +6.1% |
| Other amounts receivable | 41 | €43,183 | €44,575 | +€1,391 | +3.2% |
| Cash at bank and in hand | 54/58 | €497,693 | €788,847 | +€291,155 | +58.5% |
| Deferred charges and accrued income | 490/1 | €2,002 | €528 | -€1,474 | -73.6% |
| Total equity and liabilities | 10/49 | €636,827 | €916,249 | +€279,422 | +43.9% |
| Equity | 10/15 | €576,628 | €853,543 | +€276,916 | +48.0% |
| Contributions | 10/11 | €30,000 | €30,000 | = | 0.0% |
| Reserves | 13 | €546,628 | €823,543 | +€276,916 | +50.7% |
| Distributable reserves | 133 | €546,628 | €823,543 | +€276,916 | +50.7% |
| Amounts payable | 17/49 | €60,199 | €62,706 | +€2,507 | +4.2% |
| Amounts payable within one year | 42/48 | €60,116 | €62,706 | +€2,590 | +4.3% |
| Trade debts | 44 | €9,326 | €13,132 | +€3,806 | +40.8% |
| Suppliers | 440/4 | €9,326 | €13,132 | +€3,806 | +40.8% |
| Taxes, remuneration and social security | 45 | €50,790 | €49,574 | -€1,216 | -2.4% |
| Taxes | 450/3 | €46,672 | €45,114 | -€1,558 | -3.3% |
| Remuneration and social security | 454/9 | €4,118 | €4,460 | +€342 | +8.3% |
| Accrued charges and deferred income | 492/3 | €83 | - | -€83 | |
| Non-recurring operating income | 76A | €2,659 | €112 | -€2,548 | -95.8% |
| Remuneration, social security and pensions | 62 | €82,327 | €93,652 | +€11,325 | +13.8% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €19,965 | €18,355 | -€1,610 | -8.1% |
| Non-recurring operating charges | 66A | €1,614 | €708 | -€906 | -56.1% |
| Gross operating margin | 9900 | €419,942 | €512,338 | +€92,396 | +22.0% |
| Operating profit (loss) | 9901 | €316,036 | €399,623 | +€83,587 | +26.4% |
| Financial income | 75/76B | €256 | €71 | -€185 | -72.2% |
| Recurring financial income | 75 | €256 | €71 | -€185 | -72.2% |
| Financial charges | 65/66B | €820 | €79 | -€740 | -90.4% |
| Recurring financial charges | 65 | €820 | €79 | -€740 | -90.4% |
| Profit (loss) for the period before taxes | 9903 | €315,473 | €399,615 | +€84,142 | +26.7% |
| Income taxes | 67/77 | €97,912 | €122,700 | +€24,788 | +25.3% |
| Profit (loss) for the period | 9904 | €217,561 | €276,916 | +€59,355 | +27.3% |
| Profit (loss) for the period to be appropriated | 9905 | €217,561 | €276,916 | +€59,355 | +27.3% |
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 7 November 2026 via checked.be.