OP 'T HOF: what changed
What changed
OP 'T HOF
NACE 56.111, Full-service restaurants
filed annual accounts (NBB)
Net result for the year
€55,319
2024 · €2,925+€52,395
Equity
€171,127
2024 · €115,807+€55,319
Cash
€196,179
2024 · €93,261+€102,917
Balance sheet total
€502,740
2024 · €464,760+€37,981
Largest movements
Assets
- Cash +€102,917
up €102,917 (+110%), from €93,261 to €196,179
mainly Depreciation (+€72,644) and Net result for the year (+€55,319)
- Tangible fixed assets -€72,644
down €72,644 (-26.3%), from €276,539 to €203,895
of which Plant, machinery and equipment: -€40,587
Equity and liabilities
- Profit (loss) carried forward +€55,319
up €55,319, from -€49,233 to €6,086
- Debts after one year -€32,572
down €32,572 (-16.5%), from €197,937 to €165,365
- Tax, wage and social debts +€24,437
up €24,437 (+44.5%), from €54,923 to €79,361
of which Remuneration and social security: +€25,340
- Current portion of long-term debt -€5,445
down €5,445 (-14.1%), from €38,684 to €33,240
Income statement
- Gross operating margin +€36,534
up €36,534 (+9.1%), from €399,886 to €436,420
- Financial charges -€31,190
down €31,190 (-72.5%), from €43,027 to €11,837
of which Non-recurring financial charges: -€30,308
- Staff costs +€25,078
up €25,078 (+9.4%), from €266,750 to €291,829
- Depreciation -€8,793
down €8,793 (-10.8%), from €81,437 to €72,644
- Other operating charges -€6,007
down €6,007 (-67.5%), from €8,897 to €2,890
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
€2,925
Gross operating margin
+€36,534
Staff costs
-€25,078
Depreciation
+€8,793
Other operating charges
+€6,007
Other operating items
-€236
Financial income
-€2,990
Financial charges
+€31,190
Taxes
-€1,825
Result 2025
€55,319
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
+€141,056
Investment
-€122
Financing
-€38,017
Cash 2024
€93,261
From operations (derived)
+€141,056
Net result for the year
+€55,319
Depreciation
+€72,644
Stocks and contracts
-€1,270
Receivables within one year
-€3,838
Deferred charges and accrued income
-€2,477
Trade debts
-€3,946
Tax, wage and social debts
+€24,437
Advances received
+€50
Other debts
+€588
Accrued charges and deferred income
-€451
Investment (derived)
-€122
Investment in fixed assets (net)
-€122
Financing
-€38,017
Debts after one year
-€32,572
Current portion of long-term debt
-€5,445
Cash 2025
€196,179
brings cash intakes cash out
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €464,760 | €502,740 | +€37,981 | +8.2% |
| Fixed assets | 21/28 | €293,923 | €221,400 | -€72,522 | -24.7% |
| Tangible fixed assets | 22/27 | €276,539 | €203,895 | -€72,644 | -26.3% |
| Land and buildings | 22 | €142,068 | €116,942 | -€25,125 | -17.7% |
| Plant, machinery and equipment | 23 | €123,957 | €83,371 | -€40,587 | -32.7% |
| Furniture and vehicles | 24 | €10,514 | €3,582 | -€6,932 | -65.9% |
| Financial fixed assets | 28 | €17,384 | €17,506 | +€122 | +0.7% |
| Current assets | 29/58 | €170,837 | €281,340 | +€110,503 | +64.7% |
| Stocks and contracts in progress | 3 | €66,975 | €68,245 | +€1,270 | +1.9% |
| Stocks | 30/36 | €66,975 | €68,245 | +€1,270 | +1.9% |
| Amounts receivable within one year | 40/41 | €6,811 | €10,649 | +€3,838 | +56.4% |
| Trade receivables | 40 | €372 | €1,076 | +€704 | +189% |
| Other amounts receivable | 41 | €6,439 | €9,573 | +€3,134 | +48.7% |
| Cash at bank and in hand | 54/58 | €93,261 | €196,179 | +€102,917 | +110% |
| Deferred charges and accrued income | 490/1 | €3,790 | €6,267 | +€2,477 | +65.4% |
| Total equity and liabilities | 10/49 | €464,760 | €502,740 | +€37,981 | +8.2% |
| Equity | 10/15 | €115,807 | €171,127 | +€55,319 | +47.8% |
| Contributions | 10/11 | €20,000 | €20,000 | = | 0.0% |
| Contributions outside capital | 11 | €20,000 | €20,000 | = | 0.0% |
| Share premium | 1100/10 | €20,000 | €20,000 | = | 0.0% |
| Reserves | 13 | €145,040 | €145,040 | = | 0.0% |
| Non-distributable reserves | 130/1 | €20,000 | €20,000 | = | 0.0% |
| Reserves not available under the articles | 1311 | €20,000 | €20,000 | = | 0.0% |
| Distributable reserves | 133 | €125,040 | €125,040 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€49,233 | €6,086 | +€55,319 | |
| Amounts payable | 17/49 | €348,952 | €331,614 | -€17,339 | -5.0% |
| Amounts payable after more than one year | 17 | €197,937 | €165,365 | -€32,572 | -16.5% |
| Financial debts | 170/4 | €197,937 | €165,365 | -€32,572 | -16.5% |
| Amounts payable within one year | 42/48 | €150,564 | €166,249 | +€15,685 | +10.4% |
| Current portion of amounts payable after more than one year | 42 | €38,684 | €33,240 | -€5,445 | -14.1% |
| Trade debts | 44 | €17,932 | €13,985 | -€3,946 | -22.0% |
| Suppliers | 440/4 | €17,932 | €13,985 | -€3,946 | -22.0% |
| Advances received on contracts in progress | 46 | - | €50 | +€50 | |
| Taxes, remuneration and social security | 45 | €54,923 | €79,361 | +€24,437 | +44.5% |
| Taxes | 450/3 | €39,370 | €38,467 | -€902 | -2.3% |
| Remuneration and social security | 454/9 | €15,554 | €40,894 | +€25,340 | +163% |
| Other amounts payable | 47/48 | €39,025 | €39,613 | +€588 | +1.5% |
| Accrued charges and deferred income | 492/3 | €451 | - | -€451 | |
| Remuneration, social security and pensions | 62 | €266,750 | €291,829 | +€25,078 | +9.4% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €81,437 | €72,644 | -€8,793 | -10.8% |
| Other operating charges | 640/8 | €8,897 | €2,890 | -€6,007 | -67.5% |
| Non-recurring operating charges | 66A | - | €236 | +€236 | |
| Gross operating margin | 9900 | €399,886 | €436,420 | +€36,534 | +9.1% |
| Operating profit (loss) | 9901 | €42,802 | €68,821 | +€26,019 | +60.8% |
| Financial income | 75/76B | €3,204 | €214 | -€2,990 | -93.3% |
| Recurring financial income | 75 | €3,204 | €214 | -€2,990 | -93.3% |
| Financial charges | 65/66B | €43,027 | €11,837 | -€31,190 | -72.5% |
| Recurring financial charges | 65 | €12,719 | €11,837 | -€882 | -6.9% |
| Non-recurring financial charges | 66B | €30,308 | - | -€30,308 | |
| Profit (loss) for the period before taxes | 9903 | €2,979 | €57,199 | +€54,220 | +1,820% |
| Income taxes | 67/77 | €54 | €1,879 | +€1,825 | +3,388% |
| Profit (loss) for the period | 9904 | €2,925 | €55,319 | +€52,395 | +1,792% |
| Profit (loss) for the period to be appropriated | 9905 | €2,925 | €55,319 | +€52,395 | +1,792% |
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 2 November 2026 via checked.be.