Point de vue: 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
Point de vue
NACE 56.111, Full-service restaurants
financial year 2025 compared with 2024filed annual accounts (NBB)
Net result for the year
€203,800
2024 · €214,840-€11,041
Equity
€1.9m
2024 · €1.7m+€198,040
Cash
€226,494
2024 · €83,788+€142,707
Balance sheet total
€5.8m
2024 · €6.1m-€285,491
Largest movements
Assets
- Tangible fixed assets -€390,758
down €390,758 (-6.9%), from €5.7m to €5.3m
of which Land and buildings: -€360,217
- Cash +€142,707
up €142,707 (+170%), from €83,788 to €226,494
mainly Depreciation (+€517,712) and Net result for the year (+€203,800)
Equity and liabilities
- Other debts -€319,565
down €319,565 (-71.3%), from €448,331 to €128,766
- Profit (loss) carried forward +€207,767
up €207,767 (+21.9%), from €946,724 to €1.2m
- Short-term financial debts -€100,000
no longer reported in 2025 (was €100,000)
- Debts after one year -€80,657
down €80,657 (-2.7%), from €2.9m to €2.9m
- Trade debts -€75,093
down €75,093 (-32.7%), from €229,305 to €154,212
Income statement
- Gross operating margin +€403,532
up €403,532 (+34.3%), from €1.2m to €1.6m
- Staff costs +€219,393
up €219,393 (+47.2%), from €465,001 to €684,395
- Depreciation +€102,909
up €102,909 (+24.8%), from €414,803 to €517,712
- Financial charges +€40,528
up €40,528 (+73.3%), from €55,288 to €95,816
- Taxes +€38,078
up €38,078 (+151%), from €25,138 to €63,216
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
€214,840
Gross operating margin
+€403,532
Staff costs
-€219,393
Depreciation
-€102,909
Other operating charges
-€3,862
Financial income
-€5,834
Financial charges
-€40,528
Taxes
-€38,078
Deferred taxes and other
-€3,968
Result 2025
€203,800
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
+€380,055
Investment
-€91,954
Financing
-€145,394
Cash 2024
€83,788
From operations (derived)
+€380,055
Net result for the year
+€203,800
Depreciation
+€517,712
Stocks and contracts
-€2,820
Receivables within one year
+€7,359
Deferred charges and accrued income
-€2,099
Provisions
-€1,354
Trade debts
-€75,093
Tax, wage and social debts
+€42,519
Advances received
+€9,596
Other debts
-€319,565
Investment (derived)
-€91,954
Investment in fixed assets (net)
-€91,954
Financing
-€145,394
Debts after one year
-€80,657
Current portion of long-term debt
+€41,023
Short-term financial debts
-€100,000
Contributions, distributions and other
-€5,760
Cash 2025
€226,494
brings cash intakes cash out
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €6,065,770 | €5,780,279 | -€285,491 | -4.7% |
| Fixed assets | 21/28 | €5,723,811 | €5,298,053 | -€425,758 | -7.4% |
| Intangible fixed assets | 21 | €36,429 | €1,429 | -€35,000 | -96.1% |
| Tangible fixed assets | 22/27 | €5,687,383 | €5,296,625 | -€390,758 | -6.9% |
| Land and buildings | 22 | €5,603,232 | €5,243,016 | -€360,217 | -6.4% |
| Plant, machinery and equipment | 23 | €33,159 | €20,401 | -€12,758 | -38.5% |
| Furniture and vehicles | 24 | €50,991 | €33,208 | -€17,783 | -34.9% |
| Current assets | 29/58 | €341,959 | €482,226 | +€140,267 | +41.0% |
| Stocks and contracts in progress | 3 | €60,500 | €63,320 | +€2,820 | +4.7% |
| Stocks | 30/36 | €60,500 | €63,320 | +€2,820 | +4.7% |
| Amounts receivable within one year | 40/41 | €197,586 | €190,227 | -€7,359 | -3.7% |
| Trade receivables | 40 | €142,101 | €16,208 | -€125,892 | -88.6% |
| Other amounts receivable | 41 | €55,486 | €174,019 | +€118,533 | +214% |
| Cash at bank and in hand | 54/58 | €83,788 | €226,494 | +€142,707 | +170% |
| Deferred charges and accrued income | 490/1 | €85 | €2,184 | +€2,099 | +2,470% |
| Total equity and liabilities | 10/49 | €6,065,770 | €5,780,279 | -€285,491 | -4.7% |
| Equity | 10/15 | €1,673,137 | €1,871,176 | +€198,040 | +11.8% |
| Contributions | 10/11 | €137,940 | €137,940 | = | 0.0% |
| Reserves | 13 | €549,610 | €545,643 | -€3,968 | -0.7% |
| Non-distributable reserves | 130/1 | €3,234 | €3,234 | = | 0.0% |
| Reserves not available under the articles | 1311 | €3,234 | €3,234 | = | 0.0% |
| Tax-exempt reserves | 132 | €8,882 | €4,914 | -€3,968 | -44.7% |
| Distributable reserves | 133 | €537,494 | €537,494 | = | 0.0% |
| Profit (loss) carried forward | 14 | €946,724 | €1,154,491 | +€207,767 | +21.9% |
| Investment grants | 15 | €38,863 | €33,103 | -€5,760 | -14.8% |
| Provisions and deferred taxes | 16 | €6,645 | €5,291 | -€1,354 | -20.4% |
| Deferred taxes | 168 | €6,645 | €5,291 | -€1,354 | -20.4% |
| Amounts payable | 17/49 | €4,385,988 | €3,903,812 | -€482,176 | -11.0% |
| Amounts payable after more than one year | 17 | €2,940,915 | €2,860,258 | -€80,657 | -2.7% |
| Financial debts | 170/4 | €2,940,915 | €2,860,258 | -€80,657 | -2.7% |
| Amounts payable within one year | 42/48 | €1,445,073 | €1,043,554 | -€401,519 | -27.8% |
| Current portion of amounts payable after more than one year | 42 | €415,892 | €456,915 | +€41,023 | +9.9% |
| Financial debts | 43 | €100,000 | - | -€100,000 | |
| Other loans | 439 | €100,000 | - | -€100,000 | |
| Trade debts | 44 | €229,305 | €154,212 | -€75,093 | -32.7% |
| Suppliers | 440/4 | €229,305 | €154,212 | -€75,093 | -32.7% |
| Advances received on contracts in progress | 46 | €183,165 | €192,761 | +€9,596 | +5.2% |
| Taxes, remuneration and social security | 45 | €68,380 | €110,899 | +€42,519 | +62.2% |
| Taxes | 450/3 | €22,636 | €23,759 | +€1,123 | +5.0% |
| Remuneration and social security | 454/9 | €45,744 | €87,140 | +€41,396 | +90.5% |
| Other amounts payable | 47/48 | €448,331 | €128,766 | -€319,565 | -71.3% |
| Non-recurring operating income | 76A | - | €595 | +€595 | |
| Remuneration, social security and pensions | 62 | €465,001 | €684,395 | +€219,393 | +47.2% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €414,803 | €517,712 | +€102,909 | +24.8% |
| Other operating charges | 640/8 | €18,870 | €22,733 | +€3,862 | +20.5% |
| Gross operating margin | 9900 | €1,177,019 | €1,580,551 | +€403,532 | +34.3% |
| Operating profit (loss) | 9901 | €278,344 | €355,711 | +€77,367 | +27.8% |
| Financial income | 75/76B | €11,601 | €5,767 | -€5,834 | -50.3% |
| Recurring financial income | 75 | €11,601 | €5,767 | -€5,834 | -50.3% |
| Financial charges | 65/66B | €55,288 | €95,816 | +€40,528 | +73.3% |
| Recurring financial charges | 65 | €55,288 | €95,816 | +€40,528 | +73.3% |
| Profit (loss) for the period before taxes | 9903 | €234,657 | €265,661 | +€31,005 | +13.2% |
| Transfer from deferred taxes | 780 | €5,321 | €1,354 | -€3,968 | -74.6% |
| Income taxes | 67/77 | €25,138 | €63,216 | +€38,078 | +151% |
| Profit (loss) for the period | 9904 | €214,840 | €203,800 | -€11,041 | -5.1% |
| Transfer from tax-exempt reserves | 789 | - | €3,968 | +€3,968 | |
| Profit (loss) for the period to be appropriated | 9905 | €214,840 | €207,767 | -€7,073 | -3.3% |
Source: filed annual accounts (NBB), financial years ended 30 September 2024 and 30 September 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 29 October 2026 via checked.be.