Rode Quartet: 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
Rode Quartet
NACE 56.111, Full-service restaurants
fiscal year 2023 against 2024filed annual accounts (NBB)
Net result for the year
€35,413
2023 · €114,525-€79,113
Equity
€411,050
2023 · €383,138+€27,913
Cash
€17,404
2023 · €17,116+€288
Balance sheet total
€893,273
2023 · €754,075+€139,198
Largest movements
Assets
- Receivables after one year +€240,000
new in 2024: €240,000
- Receivables within one year -€89,851
down €89,851 (-69.8%), from €128,695 to €38,843
of which Other amounts receivable: -€88,796
- Stocks and contracts -€20,000
no longer reported in 2024 (was €20,000)
Equity and liabilities
- Debts after one year +€74,666
up €74,666 (+54.2%), from €137,674 to €212,340
- Current portion of long-term debt +€43,168
up €43,168 (+5827.7%), from €741 to €43,909
- Profit (loss) carried forward +€27,913
up €27,913 (+26.4%), from €105,609 to €133,522
- Trade debts -€27,162
down €27,162 (-26.1%), from €103,874 to €76,712
- Tax, wage and social debts +€9,045
up €9,045 (+16.1%), from €56,225 to €65,270
of which Taxes: +€7,854
Income statement
- Staff costs +€59,702
up €59,702 (+41.1%), from €145,404 to €205,106
- Depreciation +€14,099
up €14,099 (+12.9%), from €109,407 to €123,506
- Financial charges +€5,197
up €5,197 (+33.2%), from €15,638 to €20,835
From the 2023 result to the 2024 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 2023
€114,525
Gross operating margin
+€938
Staff costs
-€59,702
Depreciation
-€14,099
Other operating charges
+€433
Financial income
+€61
Financial charges
-€5,197
Taxes
-€1,546
Result 2024
€35,413
Cash bridge derived
Derived from the 2023 and 2024 balance sheets and the 2024 result: not a filed cash-flow statement. It shows where the money came from and went.
From operations
+€14,373
Investment
-€124,418
Financing
+€110,333
Cash 2023
€17,116
From operations (derived)
+€14,373
Net result for the year
+€35,413
Depreciation
+€123,506
Receivables after one year
-€240,000
Stocks and contracts
+€20,000
Receivables within one year
+€89,851
Deferred charges and accrued income
-€7,848
Trade debts
-€27,162
Tax, wage and social debts
+€9,045
Advances received
+€1,073
Other debts
+€5,573
Accrued charges and deferred income
+€4,923
Investment (derived)
-€124,418
Investment in fixed assets (net)
-€124,418
Financing
+€110,333
Debts after one year
+€74,666
Current portion of long-term debt
+€43,168
Contributions, distributions and other
-€7,500
Cash 2024
€17,404
Every line side by side
| Line | Code | 2023 | 2024 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €754,075 | €893,273 | +€139,198 | +18.5% |
| Fixed assets | 21/28 | €570,884 | €571,796 | +€912 | +0.2% |
| Tangible fixed assets | 22/27 | €544,484 | €545,396 | +€912 | +0.2% |
| Land and buildings | 22 | €174,147 | €170,857 | -€3,290 | -1.9% |
| Plant, machinery and equipment | 23 | €158,296 | €113,697 | -€44,599 | -28.2% |
| Furniture and vehicles | 24 | €13,095 | €73,703 | +€60,608 | +462.8% |
| Leasing and similar rights | 25 | - | €37,211 | +€37,211 | |
| Other tangible fixed assets | 26 | €198,945 | €149,928 | -€49,018 | -24.6% |
| Financial fixed assets | 28 | €26,400 | €26,400 | = | 0.0% |
| Current assets | 29/58 | €183,191 | €321,476 | +€138,285 | +75.5% |
| Amounts receivable after more than one year | 29 | - | €240,000 | +€240,000 | |
| Other amounts receivable | 291 | - | €240,000 | +€240,000 | |
| Stocks and contracts in progress | 3 | €20,000 | - | -€20,000 | |
| Stocks | 30/36 | €20,000 | - | -€20,000 | |
| Amounts receivable within one year | 40/41 | €128,695 | €38,843 | -€89,851 | -69.8% |
| Trade receivables | 40 | €11,948 | €10,893 | -€1,055 | -8.8% |
| Other amounts receivable | 41 | €116,747 | €27,951 | -€88,796 | -76.1% |
| Cash at bank and in hand | 54/58 | €17,116 | €17,404 | +€288 | +1.7% |
| Deferred charges and accrued income | 490/1 | €17,381 | €25,229 | +€7,848 | +45.2% |
| Total equity and liabilities | 10/49 | €754,075 | €893,273 | +€139,198 | +18.5% |
| Equity | 10/15 | €383,138 | €411,050 | +€27,913 | +7.3% |
| Contributions | 10/11 | €218,600 | €218,600 | = | 0.0% |
| Reserves | 13 | €58,929 | €58,929 | = | 0.0% |
| Tax-exempt reserves | 132 | €17,377 | €17,377 | = | 0.0% |
| Distributable reserves | 133 | €41,551 | €41,551 | = | 0.0% |
| Profit (loss) carried forward | 14 | €105,609 | €133,522 | +€27,913 | +26.4% |
| Amounts payable | 17/49 | €370,937 | €482,222 | +€111,285 | +30.0% |
| Amounts payable after more than one year | 17 | €137,674 | €212,340 | +€74,666 | +54.2% |
| Financial debts | 170/4 | €137,674 | €212,340 | +€74,666 | +54.2% |
| Amounts payable within one year | 42/48 | €231,354 | €263,051 | +€31,697 | +13.7% |
| Current portion of amounts payable after more than one year | 42 | €741 | €43,909 | +€43,168 | +5827.7% |
| Financial debts | 43 | €50,000 | €50,000 | = | 0.0% |
| Credit institutions | 430/8 | €50,000 | €50,000 | = | 0.0% |
| Trade debts | 44 | €103,874 | €76,712 | -€27,162 | -26.1% |
| Suppliers | 440/4 | €103,874 | €76,712 | -€27,162 | -26.1% |
| Advances received on contracts in progress | 46 | - | €1,073 | +€1,073 | |
| Taxes, remuneration and social security | 45 | €56,225 | €65,270 | +€9,045 | +16.1% |
| Taxes | 450/3 | €28,207 | €36,061 | +€7,854 | +27.8% |
| Remuneration and social security | 454/9 | €28,018 | €29,210 | +€1,192 | +4.3% |
| Other amounts payable | 47/48 | €20,514 | €26,087 | +€5,573 | +27.2% |
| Accrued charges and deferred income | 492/3 | €1,908 | €6,832 | +€4,923 | +258.0% |
| Non-recurring operating income | 76A | - | €117 | +€117 | |
| Remuneration, social security and pensions | 62 | €145,404 | €205,106 | +€59,702 | +41.1% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €109,407 | €123,506 | +€14,099 | +12.9% |
| Other operating charges | 640/8 | €1,321 | €889 | -€433 | -32.7% |
| Gross operating margin | 9900 | €386,290 | €387,228 | +€938 | +0.2% |
| Operating profit (loss) | 9901 | €130,158 | €57,728 | -€72,430 | -55.6% |
| Financial income | 75/76B | €5 | €66 | +€61 | +1207.3% |
| Recurring financial income | 75 | €5 | €66 | +€61 | +1207.3% |
| Financial charges | 65/66B | €15,638 | €20,835 | +€5,197 | +33.2% |
| Recurring financial charges | 65 | €15,638 | €20,835 | +€5,197 | +33.2% |
| Profit (loss) for the period before taxes | 9903 | €114,525 | €36,959 | -€77,566 | -67.7% |
| Income taxes | 67/77 | - | €1,546 | +€1,546 | |
| Profit (loss) for the period | 9904 | €114,525 | €35,413 | -€79,113 | -69.1% |
| Profit (loss) for the period to be appropriated | 9905 | €114,525 | €35,413 | -€79,113 | -69.1% |
Source: filed annual accounts (NBB), fiscal years ended 31 December 2023 and 31 December 2024. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 1 October 2026 via checked.be.