PHILREST: 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
PHILREST
NACE 56.112, Limited-service restaurants, excluding mobile food services
financial year 2025 compared with 2024filed annual accounts (NBB)
Net result for the year
-€40,855
2024 · -€43,029+€2,174
Equity
-€13,834
2024 · €27,021-€40,855
Cash
€319,844
2024 · €345,917-€26,073
Balance sheet total
€933,621
2024 · €1.1m-€133,348
Largest movements
Assets
- Tangible fixed assets -€110,779
down €110,779 (-17.0%), from €653,231 to €542,452
of which Land and buildings: -€110,061
- Cash -€26,073
down €26,073 (-7.5%), from €345,917 to €319,844
mainly Debts after one year (-€101,608) and Net result for the year (-€40,855)
Equity and liabilities
- Debts after one year -€101,608
down €101,608 (-19.3%), from €526,223 to €424,615
- Profit (loss) carried forward -€40,855
down €40,855 (-16.9%), from -€241,879 to -€282,734
Income statement
- Turnover +€3.2m
new in 2025: €3.2m
- Gross operating margin -€1.3m
no longer reported in 2025 (was €1.3m)
- Services and other goods +€940,735
new in 2025: €940,735
- Goods and materials +€910,898
new in 2025: €910,898
of which Purchases: +€907,176
- Staff costs +€107,615
up €107,615 (+9.8%), from €1.1m to €1.2m
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
-€43,029
Turnover
+€3.2m
Other operating income
+€1,800
Goods and materials
-€910,898
Services and other goods
-€940,735
Staff costs
-€107,615
Depreciation
+€1,237
Other operating charges
-€1,531
Other operating items
-€1.3m
Financial charges
-€4,767
Result 2025
-€40,855
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
+€93,232
Investment
-€24,138
Financing
-€95,167
Cash 2024
€345,917
From operations (derived)
+€93,232
Net result for the year
-€40,855
Depreciation
+€134,917
Stocks and contracts
+€3,722
Receivables within one year
-€1,578
Deferred charges and accrued income
-€5,648
Trade debts
+€3,891
Tax, wage and social debts
-€6,546
Other debts
-€14
Accrued charges and deferred income
+€5,343
Investment (derived)
-€24,138
Investment in fixed assets (net)
-€24,138
Financing
-€95,167
Debts after one year
-€101,608
Current portion of long-term debt
+€6,442
Cash 2025
€319,844
brings cash intakes cash out
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €1,066,969 | €933,621 | -€133,348 | -12.5% |
| Fixed assets | 21/28 | €659,936 | €549,157 | -€110,779 | -16.8% |
| Tangible fixed assets | 22/27 | €653,231 | €542,452 | -€110,779 | -17.0% |
| Land and buildings | 22 | €603,282 | €493,221 | -€110,061 | -18.2% |
| Plant, machinery and equipment | 23 | €30,029 | €33,400 | +€3,370 | +11.2% |
| Furniture and vehicles | 24 | €2,587 | €3,512 | +€925 | +35.8% |
| Other tangible fixed assets | 26 | €17,333 | €12,320 | -€5,014 | -28.9% |
| Financial fixed assets | 28 | €6,705 | €6,705 | = | 0.0% |
| Other financial fixed assets | 284/8 | - | €6,705 | +€6,705 | |
| Amounts receivable and cash guarantees | 285/8 | - | €6,705 | +€6,705 | |
| Current assets | 29/58 | €407,034 | €384,465 | -€22,569 | -5.5% |
| Stocks and contracts in progress | 3 | €22,427 | €18,705 | -€3,722 | -16.6% |
| Stocks | 30/36 | €22,427 | €18,705 | -€3,722 | -16.6% |
| Goods purchased for resale | 34 | - | €18,705 | +€18,705 | |
| Amounts receivable within one year | 40/41 | €25,963 | €27,540 | +€1,578 | +6.1% |
| Trade receivables | 40 | €25,963 | €27,519 | +€1,557 | +6.0% |
| Other amounts receivable | 41 | €0 | €21 | +€21 | |
| Cash at bank and in hand | 54/58 | €345,917 | €319,844 | -€26,073 | -7.5% |
| Deferred charges and accrued income | 490/1 | €12,727 | €18,375 | +€5,648 | +44.4% |
| Total equity and liabilities | 10/49 | €1,066,969 | €933,621 | -€133,348 | -12.5% |
| Equity | 10/15 | €27,021 | -€13,834 | -€40,855 | |
| Contributions | 10/11 | €268,900 | €268,900 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€241,879 | -€282,734 | -€40,855 | -16.9% |
| Amounts payable | 17/49 | €1,039,949 | €947,456 | -€92,493 | -8.9% |
| Amounts payable after more than one year | 17 | €526,223 | €424,615 | -€101,608 | -19.3% |
| Financial debts | 170/4 | €526,223 | €424,615 | -€101,608 | -19.3% |
| Credit institutions | 173 | - | €424,615 | +€424,615 | |
| Amounts payable within one year | 42/48 | €509,270 | €513,043 | +€3,772 | +0.7% |
| Current portion of amounts payable after more than one year | 42 | €117,962 | €124,404 | +€6,442 | +5.5% |
| Trade debts | 44 | €268,344 | €272,236 | +€3,891 | +1.5% |
| Suppliers | 440/4 | €268,344 | €272,236 | +€3,891 | +1.5% |
| Taxes, remuneration and social security | 45 | €122,695 | €116,149 | -€6,546 | -5.3% |
| Taxes | 450/3 | €15,747 | €5,924 | -€9,823 | -62.4% |
| Remuneration and social security | 454/9 | €106,949 | €110,225 | +€3,276 | +3.1% |
| Other amounts payable | 47/48 | €269 | €254 | -€14 | -5.3% |
| Accrued charges and deferred income | 492/3 | €4,455 | €9,798 | +€5,343 | +120% |
| Operating income | 70/76A | - | €3,216,686 | +€3.2m | |
| Turnover | 70 | - | €3,214,885 | +€3.2m | |
| Other operating income | 74 | - | €1,800 | +€1,800 | |
| Operating charges | 60/66A | - | €3,204,246 | +€3.2m | |
| Goods for resale, raw materials and consumables | 60 | - | €910,898 | +€910,898 | |
| Purchases | 600/8 | - | €907,176 | +€907,176 | |
| Change in stocks: decrease (increase) | 609 | - | €3,722 | +€3,722 | |
| Services and other goods | 61 | - | €940,735 | +€940,735 | |
| Remuneration, social security and pensions | 62 | €1,096,258 | €1,203,873 | +€107,615 | +9.8% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €136,154 | €134,917 | -€1,237 | -0.9% |
| Other operating charges | 640/8 | €12,292 | €13,823 | +€1,531 | +12.5% |
| Gross operating margin | 9900 | €1,250,201 | - | -€1.3m | |
| Operating profit (loss) | 9901 | €5,498 | €12,439 | +€6,941 | +126% |
| Financial charges | 65/66B | €48,527 | €53,294 | +€4,767 | +9.8% |
| Recurring financial charges | 65 | €48,527 | €53,294 | +€4,767 | +9.8% |
| Debt charges | 650 | - | €29,186 | +€29,186 | |
| Other financial charges | 652/9 | - | €24,108 | +€24,108 | |
| Profit (loss) for the period before taxes | 9903 | -€43,029 | -€40,855 | +€2,174 | +5.1% |
| Profit (loss) for the period | 9904 | -€43,029 | -€40,855 | +€2,174 | +5.1% |
| Profit (loss) for the period to be appropriated | 9905 | -€43,029 | -€40,855 | +€2,174 | +5.1% |
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 13 October 2026 via checked.be.