SF Company: what changed
What changed
SF Company
NACE 56.112, Limited-service restaurants, excluding mobile food services
filed annual accounts (NBB)
Net result for the year
-€41,230
2024 · €315,705-€356,935
Equity
€219,442
2024 · €264,672-€45,230
Cash
€142,962
2024 · €79,966+€62,996
Balance sheet total
€321,229
2024 · €349,687-€28,458
Largest movements
Assets
- Intangible fixed assets -€84,016
down €84,016 (-60.0%), from €140,031 to €56,014
- Cash +€62,996
up €62,996 (+78.8%), from €79,966 to €142,962
mainly Depreciation (+€127,588) and Trade debts (+€25,860)
- Receivables within one year +€31,575
up €31,575 (+116%), from €27,107 to €58,682
of which Trade receivables: +€31,575
- Tangible fixed assets -€29,087
down €29,087 (-52.4%), from €55,551 to €26,464
of which Leasing and similar rights: -€22,109
- Deferred charges and accrued income -€7,805
down €7,805 (-93.4%), from €8,353 to €548
Equity and liabilities
- Profit (loss) carried forward -€41,230
down €41,230 (-8.0%), from -€517,028 to -€558,258
- Trade debts +€25,860
up €25,860 (+60.1%), from €43,060 to €68,920
- Current portion of long-term debt -€17,639
down €17,639 (-88.1%), from €20,016 to €2,376
- Accrued charges and deferred income +€9,769
up €9,769 (+69.3%), from €14,087 to €23,856
- Investment grants -€4,000
down €4,000 (-50.0%), from €8,000 to €4,000
Income statement
- Gross operating margin -€382,622
down €382,622 (-80.0%), from €478,332 to €95,710
- Financial charges -€25,043
down €25,043 (-66.4%), from €37,724 to €12,681
of which Financial charges: -€25,043
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
€315,705
Gross operating margin
-€382,622
Depreciation
+€389
Other operating charges
+€321
Financial income
-€33
Financial charges
+€25,043
Taxes
-€32
Result 2025
-€41,230
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
+€101,058
Investment
-€14,046
Financing
-€24,016
Cash 2024
€79,966
From operations (derived)
+€101,058
Net result for the year
-€41,230
Depreciation
+€127,588
Stocks and contracts
+€1,683
Receivables within one year
-€31,575
Deferred charges and accrued income
+€7,805
Trade debts
+€25,860
Tax, wage and social debts
+€937
Other debts
+€222
Accrued charges and deferred income
+€9,769
Investment (derived)
-€14,046
Investment in fixed assets (net)
-€14,046
Financing
-€24,016
Debts after one year
-€2,376
Current portion of long-term debt
-€17,639
Contributions, distributions and other
-€4,000
Cash 2025
€142,962
brings cash intakes cash out
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €349,687 | €321,229 | -€28,458 | -8.1% |
| Formation expenses | 20 | €666 | €227 | -€439 | -65.9% |
| Fixed assets | 21/28 | €197,432 | €84,328 | -€113,104 | -57.3% |
| Intangible fixed assets | 21 | €140,031 | €56,014 | -€84,016 | -60.0% |
| Tangible fixed assets | 22/27 | €55,551 | €26,464 | -€29,087 | -52.4% |
| Plant, machinery and equipment | 23 | €1,359 | €713 | -€646 | -47.5% |
| Furniture and vehicles | 24 | €0 | €12,884 | +€12,884 | |
| Leasing and similar rights | 25 | €24,538 | €2,430 | -€22,109 | -90.1% |
| Other tangible fixed assets | 26 | €29,653 | €10,438 | -€19,216 | -64.8% |
| Financial fixed assets | 28 | €1,850 | €1,850 | = | 0.0% |
| Current assets | 29/58 | €151,590 | €236,673 | +€85,084 | +56.1% |
| Stocks and contracts in progress | 3 | €36,165 | €34,482 | -€1,683 | -4.7% |
| Stocks | 30/36 | €36,165 | €34,482 | -€1,683 | -4.7% |
| Amounts receivable within one year | 40/41 | €27,107 | €58,682 | +€31,575 | +116% |
| Trade receivables | 40 | €27,107 | €58,682 | +€31,575 | +116% |
| Other amounts receivable | 41 | €0 | - | = | |
| Cash at bank and in hand | 54/58 | €79,966 | €142,962 | +€62,996 | +78.8% |
| Deferred charges and accrued income | 490/1 | €8,353 | €548 | -€7,805 | -93.4% |
| Total equity and liabilities | 10/49 | €349,687 | €321,229 | -€28,458 | -8.1% |
| Equity | 10/15 | €264,672 | €219,442 | -€45,230 | -17.1% |
| Contributions | 10/11 | €773,700 | €773,700 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€517,028 | -€558,258 | -€41,230 | -8.0% |
| Investment grants | 15 | €8,000 | €4,000 | -€4,000 | -50.0% |
| Amounts payable | 17/49 | €85,015 | €101,787 | +€16,772 | +19.7% |
| Amounts payable after more than one year | 17 | €2,376 | €0 | -€2,376 | -100% |
| Financial debts | 170/4 | €2,376 | €0 | -€2,376 | -100% |
| Amounts payable within one year | 42/48 | €68,552 | €77,932 | +€9,379 | +13.7% |
| Current portion of amounts payable after more than one year | 42 | €20,016 | €2,376 | -€17,639 | -88.1% |
| Trade debts | 44 | €43,060 | €68,920 | +€25,860 | +60.1% |
| Suppliers | 440/4 | €43,060 | €68,920 | +€25,860 | +60.1% |
| Taxes, remuneration and social security | 45 | €5,359 | €6,295 | +€937 | +17.5% |
| Taxes | 450/3 | €5,359 | €6,295 | +€937 | +17.5% |
| Remuneration and social security | 454/9 | €0 | - | = | |
| Other amounts payable | 47/48 | €118 | €340 | +€222 | +189% |
| Accrued charges and deferred income | 492/3 | €14,087 | €23,856 | +€9,769 | +69.3% |
| Non-recurring operating income | 76A | €405,000 | €0 | -€405,000 | -100% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €127,977 | €127,588 | -€389 | -0.3% |
| Other operating charges | 640/8 | €995 | €674 | -€321 | -32.3% |
| Gross operating margin | 9900 | €478,332 | €95,710 | -€382,622 | -80.0% |
| Operating profit (loss) | 9901 | €349,361 | -€32,552 | -€381,912 | |
| Financial income | 75/76B | €4,036 | €4,003 | -€33 | -0.8% |
| Recurring financial income | 75 | €4,036 | €4,003 | -€33 | -0.8% |
| Financial charges | 65/66B | €37,724 | €12,681 | -€25,043 | -66.4% |
| Recurring financial charges | 65 | €37,724 | €12,681 | -€25,043 | -66.4% |
| Non-recurring financial charges | 66B | €0 | - | = | |
| Profit (loss) for the period before taxes | 9903 | €315,672 | -€41,230 | -€356,902 | |
| Income taxes | 67/77 | -€32 | €0 | +€32 | |
| Profit (loss) for the period | 9904 | €315,705 | -€41,230 | -€356,935 | |
| Profit (loss) for the period to be appropriated | 9905 | €315,705 | -€41,230 | -€356,935 |
Next steps
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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.