SMAAKNEUZEN: what changed
What changed
SMAAKNEUZEN
NACE 56.111, Full-service restaurants
filed annual accounts (NBB)
Net result for the year
€128,877
2024 · €62,018+€66,860
Equity
€234,496
2024 · €108,951+€125,545
Cash
€83,648
2024 · €198,314-€114,666
Balance sheet total
€910,162
2024 · €1.1m-€200,498
Largest movements
Assets
- Cash -€114,666
down €114,666 (-57.8%), from €198,314 to €83,648
mainly Other debts (-€349,916) and Investment in fixed assets (net) (-€38,165)
- Tangible fixed assets -€83,569
down €83,569 (-9.7%), from €862,637 to €779,068
of which Other tangible fixed assets: -€78,787
Equity and liabilities
- Other debts -€349,916
down €349,916 (-39.3%), from €891,046 to €541,130
- Reserves +€128,877
up €128,877 (+208%), from €62,018 to €190,895
- Tax, wage and social debts +€41,922
up €41,922 (+96.3%), from €43,521 to €85,443
of which Taxes: +€39,835
- Debts after one year -€22,864
down €22,864 (-58.0%), from €39,446 to €16,581
Income statement
- Gross operating margin +€140,435
up €140,435 (+35.2%), from €399,183 to €539,618
- Taxes +€37,666
up €37,666 (+273%), from €13,806 to €51,472
- Staff costs +€32,600
up €32,600 (+16.3%), from €199,547 to €232,147
- Depreciation +€5,671
up €5,671 (+4.9%), from €116,063 to €121,734
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
€62,018
Gross operating margin
+€140,435
Staff costs
-€32,600
Depreciation
-€5,671
Other operating charges
-€62
Financial income
+€2,321
Financial charges
+€102
Taxes
-€37,666
Result 2025
€128,877
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
-€50,305
Investment
-€38,165
Financing
-€26,196
Cash 2024
€198,314
From operations (derived)
-€50,305
Net result for the year
+€128,877
Depreciation
+€121,734
Stocks and contracts
-€1,155
Receivables within one year
-€1,349
Deferred charges and accrued income
+€4,767
Trade debts
-€749
Tax, wage and social debts
+€41,922
Other debts
-€349,916
Accrued charges and deferred income
+€5,564
Investment (derived)
-€38,165
Investment in fixed assets (net)
-€38,165
Financing
-€26,196
Debts after one year
-€22,864
Contributions, distributions and other
-€3,332
Cash 2025
€83,648
brings cash intakes cash out
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €1,110,660 | €910,162 | -€200,498 | -18.1% |
| Fixed assets | 21/28 | €874,637 | €791,068 | -€83,569 | -9.6% |
| Tangible fixed assets | 22/27 | €862,637 | €779,068 | -€83,569 | -9.7% |
| Land and buildings | 22 | €54,349 | €52,886 | -€1,463 | -2.7% |
| Plant, machinery and equipment | 23 | €33,581 | €25,936 | -€7,644 | -22.8% |
| Furniture and vehicles | 24 | €20,748 | €25,073 | +€4,325 | +20.8% |
| Other tangible fixed assets | 26 | €753,959 | €675,172 | -€78,787 | -10.4% |
| Financial fixed assets | 28 | €12,000 | €12,000 | = | 0.0% |
| Current assets | 29/58 | €236,023 | €119,095 | -€116,929 | -49.5% |
| Stocks and contracts in progress | 3 | €16,709 | €17,864 | +€1,155 | +6.9% |
| Stocks | 30/36 | €16,709 | €17,864 | +€1,155 | +6.9% |
| Amounts receivable within one year | 40/41 | €12,304 | €13,653 | +€1,349 | +11.0% |
| Trade receivables | 40 | €12,304 | €13,653 | +€1,349 | +11.0% |
| Cash at bank and in hand | 54/58 | €198,314 | €83,648 | -€114,666 | -57.8% |
| Deferred charges and accrued income | 490/1 | €8,696 | €3,930 | -€4,767 | -54.8% |
| Total equity and liabilities | 10/49 | €1,110,660 | €910,162 | -€200,498 | -18.1% |
| Equity | 10/15 | €108,951 | €234,496 | +€125,545 | +115% |
| Contributions | 10/11 | €5,000 | €5,000 | = | 0.0% |
| Reserves | 13 | €62,018 | €190,895 | +€128,877 | +208% |
| Distributable reserves | 133 | €62,018 | €190,895 | +€128,877 | +208% |
| Profit (loss) carried forward | 14 | €41,934 | €38,602 | -€3,332 | -7.9% |
| Amounts payable | 17/49 | €1,001,709 | €675,666 | -€326,043 | -32.5% |
| Amounts payable after more than one year | 17 | €39,446 | €16,581 | -€22,864 | -58.0% |
| Other amounts payable | 178/9 | €39,446 | €16,581 | -€22,864 | -58.0% |
| Amounts payable within one year | 42/48 | €962,263 | €653,520 | -€308,743 | -32.1% |
| Trade debts | 44 | €27,696 | €26,946 | -€749 | -2.7% |
| Suppliers | 440/4 | €24,532 | €24,257 | -€275 | -1.1% |
| Bills of exchange payable | 441 | €3,164 | €2,690 | -€474 | -15.0% |
| Taxes, remuneration and social security | 45 | €43,521 | €85,443 | +€41,922 | +96.3% |
| Taxes | 450/3 | €16,737 | €56,572 | +€39,835 | +238% |
| Remuneration and social security | 454/9 | €26,784 | €28,871 | +€2,087 | +7.8% |
| Other amounts payable | 47/48 | €891,046 | €541,130 | -€349,916 | -39.3% |
| Accrued charges and deferred income | 492/3 | - | €5,564 | +€5,564 | |
| Remuneration, social security and pensions | 62 | €199,547 | €232,147 | +€32,600 | +16.3% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €116,063 | €121,734 | +€5,671 | +4.9% |
| Other operating charges | 640/8 | €697 | €758 | +€62 | +8.8% |
| Gross operating margin | 9900 | €399,183 | €539,618 | +€140,435 | +35.2% |
| Operating profit (loss) | 9901 | €82,876 | €184,979 | +€102,102 | +123% |
| Financial income | 75/76B | €73 | €2,393 | +€2,321 | +3,201% |
| Recurring financial income | 75 | €73 | €527 | +€455 | +627% |
| Non-recurring financial income | 76B | €73 | €1,866 | +€1,793 | +2,474% |
| Financial charges | 65/66B | €7,125 | €7,023 | -€102 | -1.4% |
| Recurring financial charges | 65 | €7,125 | €7,023 | -€102 | -1.4% |
| Profit (loss) for the period before taxes | 9903 | €75,824 | €180,349 | +€104,525 | +138% |
| Income taxes | 67/77 | €13,806 | €51,472 | +€37,666 | +273% |
| Profit (loss) for the period | 9904 | €62,018 | €128,877 | +€66,860 | +108% |
| Profit (loss) for the period to be appropriated | 9905 | €62,018 | €128,877 | +€66,860 | +108% |
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 1 November 2026 via checked.be.