RAILREST: what changed
Two fiscal 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
RAILREST
NACE 56.220, Contract catering and other food service activities
fiscal year 2024 against 2025filed annual accounts (NBB)
Net result for the year
€1.9m
2024 · €1.7m+€149,870
Equity
€575,492
2024 · €598,555-€23,063
Cash
€7.8m
2024 · €6.2m+€1.6m
Balance sheet total
€11.8m
2024 · €8.8m+€2.9m
Largest movements
Assets
- Cash +€1.6m
up €1.6m (+25.8%), from €6.2m to €7.8m
mainly Trade debts (+€2.9m) and Net result for the year (+€1.9m)
- Receivables within one year +€1.3m
up €1.3m (+61.6%), from €2.0m to €3.3m
of which Trade receivables: +€1.3m
Equity and liabilities
- Trade debts +€2.9m
up €2.9m (+182.5%), from €1.6m to €4.5m
- Other debts +€200,000
up €200,000 (+11.8%), from €1.7m to €1.9m
Income statement
- Turnover +€2.1m
up €2.1m (+7.6%), from €27.2m to €29.3m
- Goods and materials +€1.1m
up €1.1m (+13.3%), from €8.4m to €9.5m
of which Purchases: +€1.0m
- Staff costs +€985,778
up €985,778 (+9.1%), from €10.8m to €11.8m
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
€1.7m
Turnover
+€2.1m
Other operating income
+€7,837
Goods and materials
-€1.1m
Services and other goods
+€22,534
Staff costs
-€985,778
Depreciation
+€18,701
Other operating charges
+€383
Financial income
-€254
Financial charges
+€7,207
Taxes
+€110,529
Result 2025
€1.9m
Cash bridge derived
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
+€3.5m
Investment
-€17,509
Financing
-€1.9m
Cash 2024
€6.2m
From operations (derived)
+€3.5m
Net result for the year
+€1.9m
Depreciation
+€34,141
Stocks and contracts
-€86,544
Receivables within one year
-€1.3m
Deferred charges and accrued income
-€21,180
Provisions
+€12,828
Trade debts
+€2.9m
Tax, wage and social debts
-€102,112
Other debts
+€200,000
Accrued charges and deferred income
-€49,247
Investment (derived)
-€17,509
Investment in fixed assets (net)
-€17,509
Financing
-€1.9m
Contributions, distributions and other
-€1.9m
Cash 2025
€7.8m
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €8,845,875 | €11,782,036 | +€2.9m | +33.2% |
| Fixed assets | 21/28 | €92,891 | €76,259 | -€16,632 | -17.9% |
| Intangible fixed assets | 21 | €962 | €0 | -€962 | -100.0% |
| Tangible fixed assets | 22/27 | €59,639 | €42,623 | -€17,016 | -28.5% |
| Plant, machinery and equipment | 23 | €51,519 | €36,569 | -€14,949 | -29.0% |
| Furniture and vehicles | 24 | €8,121 | €6,054 | -€2,067 | -25.5% |
| Financial fixed assets | 28 | €32,290 | €33,636 | +€1,346 | +4.2% |
| Other financial fixed assets | 284/8 | €32,290 | €33,636 | +€1,346 | +4.2% |
| Amounts receivable and cash guarantees | 285/8 | €32,290 | €33,636 | +€1,346 | +4.2% |
| Current assets | 29/58 | €8,752,984 | €11,705,778 | +€3.0m | +33.7% |
| Stocks and contracts in progress | 3 | €404,987 | €491,530 | +€86,544 | +21.4% |
| Stocks | 30/36 | €404,987 | €491,530 | +€86,544 | +21.4% |
| Goods purchased for resale | 34 | €404,987 | €491,530 | +€86,544 | +21.4% |
| Amounts receivable within one year | 40/41 | €2,032,764 | €3,284,938 | +€1.3m | +61.6% |
| Trade receivables | 40 | €2,028,705 | €3,280,785 | +€1.3m | +61.7% |
| Other amounts receivable | 41 | €4,059 | €4,153 | +€94 | +2.3% |
| Cash at bank and in hand | 54/58 | €6,183,020 | €7,775,916 | +€1.6m | +25.8% |
| Deferred charges and accrued income | 490/1 | €132,213 | €153,394 | +€21,180 | +16.0% |
| Total equity and liabilities | 10/49 | €8,845,875 | €11,782,036 | +€2.9m | +33.2% |
| Equity | 10/15 | €598,555 | €575,492 | -€23,063 | -3.9% |
| Contributions | 10/11 | €500,000 | €500,000 | = | 0.0% |
| Capital | 10 | €500,000 | €500,000 | = | 0.0% |
| Issued capital | 100 | €500,000 | €500,000 | = | 0.0% |
| Reserves | 13 | €50,000 | €50,000 | = | 0.0% |
| Non-distributable reserves | 130/1 | €50,000 | €50,000 | = | 0.0% |
| Legal reserve | 130 | €50,000 | - | -€50,000 | |
| Reserves not available under the articles | 1311 | - | €50,000 | +€50,000 | |
| Profit (loss) carried forward | 14 | €48,555 | €25,492 | -€23,063 | -47.5% |
| Provisions and deferred taxes | 16 | €237,428 | €250,255 | +€12,828 | +5.4% |
| Provisions for liabilities and charges | 160/5 | €237,428 | €250,255 | +€12,828 | +5.4% |
| Other liabilities and charges | 164/5 | €237,428 | €250,255 | +€12,828 | +5.4% |
| Amounts payable | 17/49 | €8,009,892 | €10,956,290 | +€2.9m | +36.8% |
| Amounts payable within one year | 42/48 | €7,960,645 | €10,956,290 | +€3.0m | +37.6% |
| Trade debts | 44 | €1,587,569 | €4,485,326 | +€2.9m | +182.5% |
| Suppliers | 440/4 | €1,587,569 | €4,485,326 | +€2.9m | +182.5% |
| Taxes, remuneration and social security | 45 | €4,673,077 | €4,570,964 | -€102,112 | -2.2% |
| Taxes | 450/3 | €537,639 | €250,201 | -€287,438 | -53.5% |
| Remuneration and social security | 454/9 | €4,135,437 | €4,320,763 | +€185,326 | +4.5% |
| Other amounts payable | 47/48 | €1,700,000 | €1,900,000 | +€200,000 | +11.8% |
| Accrued charges and deferred income | 492/3 | €49,247 | - | -€49,247 | |
| Operating income | 70/76A | €28,031,130 | €30,121,658 | +€2.1m | +7.5% |
| Turnover | 70 | €27,244,889 | €29,327,580 | +€2.1m | +7.6% |
| Other operating income | 74 | €786,241 | €794,078 | +€7,837 | +1.0% |
| Operating charges | 60/66A | €25,735,764 | €27,793,904 | +€2.1m | +8.0% |
| Goods for resale, raw materials and consumables | 60 | €8,367,811 | €9,481,792 | +€1.1m | +13.3% |
| Purchases | 600/8 | €8,440,180 | €9,451,466 | +€1.0m | +12.0% |
| Change in stocks: decrease (increase) | 609 | -€72,368 | €30,326 | +€102,694 | |
| Services and other goods | 61 | €6,529,642 | €6,507,108 | -€22,534 | -0.3% |
| Remuneration, social security and pensions | 62 | €10,784,898 | €11,770,675 | +€985,778 | +9.1% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €52,842 | €34,141 | -€18,701 | -35.4% |
| Other operating charges | 640/8 | €570 | €187 | -€383 | -67.2% |
| Operating profit (loss) | 9901 | €2,295,366 | €2,327,754 | +€32,388 | +1.4% |
| Financial income | 75/76B | €495 | €241 | -€254 | -51.3% |
| Recurring financial income | 75 | €495 | €241 | -€254 | -51.3% |
| Other financial income | 752/9 | €495 | €241 | -€254 | -51.3% |
| Financial charges | 65/66B | €62,490 | €55,283 | -€7,207 | -11.5% |
| Recurring financial charges | 65 | €62,490 | €55,283 | -€7,207 | -11.5% |
| Debt charges | 650 | €6,769 | €6,870 | +€101 | +1.5% |
| Other financial charges | 652/9 | €55,721 | €48,413 | -€7,308 | -13.1% |
| Profit (loss) for the period before taxes | 9903 | €2,233,371 | €2,272,712 | +€39,341 | +1.8% |
| Income taxes | 67/77 | €506,304 | €395,775 | -€110,529 | -21.8% |
| Taxes | 670/3 | €526,524 | €462,167 | -€64,357 | -12.2% |
| Tax adjustments and reversals of tax provisions | 77 | €20,219 | €66,391 | +€46,172 | +228.4% |
| Profit (loss) for the period | 9904 | €1,727,066 | €1,876,937 | +€149,870 | +8.7% |
| Profit (loss) for the period to be appropriated | 9905 | €1,727,066 | €1,876,937 | +€149,870 | +8.7% |
Source: filed annual accounts (NBB), fiscal years ended 31 December 2024 and 31 December 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 3 October 2026 via checked.be.