'T BLAUWHUIS: what changed
What changed
'T BLAUWHUIS
NACE 56.111, Full-service restaurants
filed annual accounts (NBB)
Net result for the year
€24,682
2025 · €2,875+€21,807
Equity
€286,831
2025 · €280,149+€6,682
Cash
€86,316
2025 · €72,210+€14,106
Balance sheet total
€388,616
2025 · €386,063+€2,553
Largest movements
Assets
- Receivables within one year -€15,461
down €15,461 (-71.5%), from €21,609 to €6,148
of which Other amounts receivable: -€8,954
- Cash +€14,106
up €14,106 (+19.5%), from €72,210 to €86,316
mainly Depreciation (+€34,263) and Net result for the year (+€24,682)
- Tangible fixed assets +€7,856
up €7,856 (+3.1%), from €256,068 to €263,925
of which Plant, machinery and equipment: +€18,840
- Deferred charges and accrued income -€4,742
down €4,742 (-20.2%), from €23,518 to €18,777
Equity and liabilities
- Debts after one year -€14,548
down €14,548 (-31.7%), from €45,846 to €31,298
- Reserves +€6,682
up €6,682 (+4.2%), from €159,749 to €166,431
- Other debts +€5,032
up €5,032 (+22.1%), from €22,759 to €27,792
Income statement
- Staff costs -€20,604
down €20,604 (-67.8%), from €30,368 to €9,764
- Gross operating margin +€19,504
up €19,504 (+26.0%), from €75,122 to €94,626
- Taxes +€12,244
up €12,244 (+371%), from €3,297 to €15,541
- Depreciation +€4,672
up €4,672 (+15.8%), from €29,591 to €34,263
Change in the result, 2025 to 2026
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 2025
€2,875
Gross operating margin
+€19,504
Staff costs
+€20,604
Depreciation
-€4,672
Other operating charges
-€322
Other operating items
-€372
Financial income
+€147
Financial charges
-€839
Taxes
-€12,244
Result 2026
€24,682
raises the resultlowers the resultnot broken down further in the accounts
Derived cash bridge
The bridge is derived from the 2025 and 2026 balance sheets and the 2026 result. There is no filed cash-flow statement. You see where the money came from and where it went.
From operations
+€88,445
Investment
-€42,119
Financing
-€32,219
Cash 2025
€72,210
From operations (derived)
+€88,445
Net result for the year
+€24,682
Depreciation
+€34,263
Stocks and contracts
-€794
Receivables within one year
+€15,461
Deferred charges and accrued income
+€4,742
Trade debts
+€1,016
Tax, wage and social debts
+€1,658
Advances received
-€1,250
Other debts
+€5,032
Accrued charges and deferred income
+€3,635
Investment (derived)
-€42,119
Investment in fixed assets (net)
-€42,119
Financing
-€32,219
Debts after one year
-€14,548
Current portion of long-term debt
+€328
Contributions, distributions and other
-€18,000
Cash 2026
€86,316
brings cash intakes cash out
Every line side by side
| Line | Code | 2025 | 2026 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €386,063 | €388,616 | +€2,553 | +0.7% |
| Fixed assets | 21/28 | €256,068 | €263,925 | +€7,856 | +3.1% |
| Tangible fixed assets | 22/27 | €256,068 | €263,925 | +€7,856 | +3.1% |
| Land and buildings | 22 | €195,023 | €178,580 | -€16,443 | -8.4% |
| Plant, machinery and equipment | 23 | €55,134 | €73,974 | +€18,840 | +34.2% |
| Furniture and vehicles | 24 | €5,912 | €11,371 | +€5,459 | +92.3% |
| Current assets | 29/58 | €129,994 | €124,692 | -€5,303 | -4.1% |
| Stocks and contracts in progress | 3 | €12,656 | €13,451 | +€794 | +6.3% |
| Stocks | 30/36 | €12,656 | €13,451 | +€794 | +6.3% |
| Amounts receivable within one year | 40/41 | €21,609 | €6,148 | -€15,461 | -71.5% |
| Trade receivables | 40 | €11,043 | €4,536 | -€6,507 | -58.9% |
| Other amounts receivable | 41 | €10,566 | €1,612 | -€8,954 | -84.7% |
| Cash at bank and in hand | 54/58 | €72,210 | €86,316 | +€14,106 | +19.5% |
| Deferred charges and accrued income | 490/1 | €23,518 | €18,777 | -€4,742 | -20.2% |
| Total equity and liabilities | 10/49 | €386,063 | €388,616 | +€2,553 | +0.7% |
| Equity | 10/15 | €280,149 | €286,831 | +€6,682 | +2.4% |
| Contributions | 10/11 | €120,400 | €120,400 | = | 0.0% |
| Reserves | 13 | €159,749 | €166,431 | +€6,682 | +4.2% |
| Distributable reserves | 133 | €159,749 | €166,431 | +€6,682 | +4.2% |
| Profit (loss) carried forward | 14 | €0 | €0 | = | |
| Amounts payable | 17/49 | €105,913 | €101,785 | -€4,128 | -3.9% |
| Amounts payable after more than one year | 17 | €45,846 | €31,298 | -€14,548 | -31.7% |
| Financial debts | 170/4 | €45,846 | €31,298 | -€14,548 | -31.7% |
| Amounts payable within one year | 42/48 | €60,040 | €66,825 | +€6,785 | +11.3% |
| Current portion of amounts payable after more than one year | 42 | €14,219 | €14,548 | +€328 | +2.3% |
| Trade debts | 44 | €10,062 | €11,078 | +€1,016 | +10.1% |
| Suppliers | 440/4 | €10,062 | €11,078 | +€1,016 | +10.1% |
| Advances received on contracts in progress | 46 | €6,500 | €5,250 | -€1,250 | -19.2% |
| Taxes, remuneration and social security | 45 | €6,499 | €8,157 | +€1,658 | +25.5% |
| Taxes | 450/3 | €3,055 | €8,157 | +€5,102 | +167% |
| Remuneration and social security | 454/9 | €3,444 | €0 | -€3,444 | -100% |
| Other amounts payable | 47/48 | €22,759 | €27,792 | +€5,032 | +22.1% |
| Accrued charges and deferred income | 492/3 | €27 | €3,662 | +€3,635 | +13,276% |
| Non-recurring operating income | 76A | €464 | €0 | -€464 | -100% |
| Remuneration, social security and pensions | 62 | €30,368 | €9,764 | -€20,604 | -67.8% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €29,591 | €34,263 | +€4,672 | +15.8% |
| Other operating charges | 640/8 | €5,576 | €5,897 | +€322 | +5.8% |
| Non-recurring operating charges | 66A | - | €372 | +€372 | |
| Gross operating margin | 9900 | €75,122 | €94,626 | +€19,504 | +26.0% |
| Operating profit (loss) | 9901 | €9,587 | €44,329 | +€34,742 | +362% |
| Financial income | 75/76B | €479 | €626 | +€147 | +30.6% |
| Recurring financial income | 75 | €479 | €626 | +€147 | +30.6% |
| Financial charges | 65/66B | €3,894 | €4,733 | +€839 | +21.5% |
| Recurring financial charges | 65 | €3,894 | €4,733 | +€839 | +21.5% |
| Profit (loss) for the period before taxes | 9903 | €6,172 | €40,222 | +€34,050 | +552% |
| Income taxes | 67/77 | €3,297 | €15,541 | +€12,244 | +371% |
| Profit (loss) for the period | 9904 | €2,875 | €24,682 | +€21,807 | +759% |
| Profit (loss) for the period to be appropriated | 9905 | €2,875 | €24,682 | +€21,807 | +759% |
Next steps
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Calculation and sources
Source: filed annual accounts (NBB), financial years ended 31 March 2025 and 31 March 2026. Green is a favourable move for that line, red an unfavourable one. Prepared on 4 November 2026 via checked.be.