PITTERY-VERHELST: what changed
What changed
PITTERY-VERHELST
NACE 56.111, Full-service restaurants
filed annual accounts (NBB)
Net result for the year
€306,171
2024 · €243,143+€63,028
Equity
€2.6m
2024 · €2.3m+€306,171
Cash
€1.0m
2024 · €715,279+€311,756
Balance sheet total
€3.5m
2024 · €3.2m+€351,520
Largest movements
Assets
- Cash +€311,756
up €311,756 (+43.6%), from €715,279 to €1.0m
mainly Net result for the year (+€306,171) and Receivables within one year (+€278,939)
- Current investments +€294,764
up €294,764 (+59.0%), from €500,000 to €794,764
- Receivables within one year -€278,939
down €278,939 (-25.7%), from €1.1m to €805,063
of which Other amounts receivable: -€272,413
Equity and liabilities
- Reserves +€306,171
up €306,171 (+14.9%), from €2.1m to €2.4m
of which Distributable reserves: +€306,171
Income statement
- Gross operating margin +€136,639
up €136,639 (+21.5%), from €636,323 to €772,962
- Staff costs +€44,558
up €44,558 (+31.6%), from €141,121 to €185,679
- Taxes +€20,400
up €20,400 (+19.2%), from €106,333 to €126,732
- Depreciation +€8,411
up €8,411 (+6.5%), from €129,961 to €138,372
- Financial charges -€7,969
down €7,969 (-12.7%), from €62,755 to €54,786
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
€243,143
Gross operating margin
+€136,639
Staff costs
-€44,558
Depreciation
-€8,411
Other operating charges
-€509
Financial income
-€7,703
Financial charges
+€7,969
Taxes
-€20,400
Result 2025
€306,171
raises the resultlowers the result
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
+€765,584
Investment
-€453,829
Financing
€0
Cash 2024
€715,279
From operations (derived)
+€765,584
Net result for the year
+€306,171
Depreciation
+€138,372
Stocks and contracts
-€3,067
Receivables within one year
+€278,939
Deferred charges and accrued income
-€179
Trade debts
+€7,027
Tax, wage and social debts
+€10,617
Advances received
+€4,500
Other debts
+€28,875
Accrued charges and deferred income
-€5,670
Investment (derived)
-€453,829
Investment in fixed assets (net)
-€159,065
Current investments
-€294,764
Cash 2025
€1.0m
brings cash intakes cash out
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €3,157,322 | €3,508,842 | +€351,520 | +11.1% |
| Fixed assets | 21/28 | €794,140 | €814,832 | +€20,693 | +2.6% |
| Tangible fixed assets | 22/27 | €794,090 | €814,782 | +€20,693 | +2.6% |
| Land and buildings | 22 | €578,161 | €647,096 | +€68,935 | +11.9% |
| Plant, machinery and equipment | 23 | €61,100 | €50,942 | -€10,158 | -16.6% |
| Furniture and vehicles | 24 | €154,828 | €116,744 | -€38,084 | -24.6% |
| Financial fixed assets | 28 | €50 | €50 | = | 0.0% |
| Current assets | 29/58 | €2,363,183 | €2,694,010 | +€330,827 | +14.0% |
| Stocks and contracts in progress | 3 | €37,184 | €40,251 | +€3,067 | +8.2% |
| Stocks | 30/36 | €37,184 | €40,251 | +€3,067 | +8.2% |
| Amounts receivable within one year | 40/41 | €1,084,002 | €805,063 | -€278,939 | -25.7% |
| Trade receivables | 40 | €45,784 | €39,259 | -€6,525 | -14.3% |
| Other amounts receivable | 41 | €1,038,218 | €765,805 | -€272,413 | -26.2% |
| Current investments | 50/53 | €500,000 | €794,764 | +€294,764 | +59.0% |
| Cash at bank and in hand | 54/58 | €715,279 | €1,027,035 | +€311,756 | +43.6% |
| Deferred charges and accrued income | 490/1 | €26,717 | €26,896 | +€179 | +0.7% |
| Total equity and liabilities | 10/49 | €3,157,322 | €3,508,842 | +€351,520 | +11.1% |
| Equity | 10/15 | €2,272,787 | €2,578,959 | +€306,171 | +13.5% |
| Contributions | 10/11 | €150,000 | €150,000 | = | 0.0% |
| Capital | 10 | €150,000 | €150,000 | = | 0.0% |
| Issued capital | 100 | €150,000 | €150,000 | = | 0.0% |
| Revaluation surpluses | 12 | €61,996 | €61,996 | = | 0.0% |
| Reserves | 13 | €2,060,791 | €2,366,963 | +€306,171 | +14.9% |
| Non-distributable reserves | 130/1 | €51,000 | €51,000 | = | 0.0% |
| Legal reserve | 130 | €51,000 | €51,000 | = | 0.0% |
| Distributable reserves | 133 | €2,009,791 | €2,315,963 | +€306,171 | +15.2% |
| Amounts payable | 17/49 | €884,535 | €929,884 | +€45,349 | +5.1% |
| Amounts payable within one year | 42/48 | €821,444 | €872,462 | +€51,018 | +6.2% |
| Trade debts | 44 | €5,250 | €12,277 | +€7,027 | +134% |
| Suppliers | 440/4 | €5,250 | €12,277 | +€7,027 | +134% |
| Advances received on contracts in progress | 46 | €39,900 | €44,400 | +€4,500 | +11.3% |
| Taxes, remuneration and social security | 45 | €23,057 | €33,674 | +€10,617 | +46.0% |
| Taxes | 450/3 | €7,171 | €13,473 | +€6,303 | +87.9% |
| Remuneration and social security | 454/9 | €15,887 | €20,201 | +€4,314 | +27.2% |
| Other amounts payable | 47/48 | €753,236 | €782,111 | +€28,875 | +3.8% |
| Accrued charges and deferred income | 492/3 | €63,092 | €57,422 | -€5,670 | -9.0% |
| Non-recurring operating income | 76A | €0 | - | = | |
| Remuneration, social security and pensions | 62 | €141,121 | €185,679 | +€44,558 | +31.6% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €129,961 | €138,372 | +€8,411 | +6.5% |
| Other operating charges | 640/8 | €9,323 | €9,832 | +€509 | +5.5% |
| Gross operating margin | 9900 | €636,323 | €772,962 | +€136,639 | +21.5% |
| Operating profit (loss) | 9901 | €355,917 | €439,079 | +€83,162 | +23.4% |
| Financial income | 75/76B | €56,315 | €48,611 | -€7,703 | -13.7% |
| Recurring financial income | 75 | €56,315 | €48,611 | -€7,703 | -13.7% |
| Financial charges | 65/66B | €62,755 | €54,786 | -€7,969 | -12.7% |
| Recurring financial charges | 65 | €62,755 | €54,786 | -€7,969 | -12.7% |
| Profit (loss) for the period before taxes | 9903 | €349,476 | €432,904 | +€83,427 | +23.9% |
| Income taxes | 67/77 | €106,333 | €126,732 | +€20,400 | +19.2% |
| Profit (loss) for the period | 9904 | €243,143 | €306,171 | +€63,028 | +25.9% |
| Profit (loss) for the period to be appropriated | 9905 | €243,143 | €306,171 | +€63,028 | +25.9% |
Next steps
Work out how much credit to give this customer and on what payment terms.Credit check Check what to know before you do business with this company.Supplier due diligence Check whether you can accept this company as a client under the anti-money-laundering law.AML client file Compare this company with its sector.Sector benchmark
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 5 November 2026 via checked.be.