'T RAEDHUYS: what changed
What changed
'T RAEDHUYS
NACE 56.111, Full-service restaurants
filed annual accounts (NBB)
Net result for the year
-€1,225
2024 · €1,278-€2,503
Equity
€19,119
2024 · €20,344-€1,225
Cash
€67,097
2024 · €123,558-€56,461
Balance sheet total
€97,716
2024 · €158,137-€60,421
Largest movements
Assets
- Cash -€56,461
down €56,461 (-45.7%), from €123,558 to €67,097
mainly Other debts (-€63,118) and Investment in fixed assets (net) (-€2,096)
- Tangible fixed assets -€3,684
down €3,684 (-14.0%), from €26,346 to €22,662
of which Furniture and vehicles: -€2,501
Equity and liabilities
- Other debts -€63,118
down €63,118 (-68.0%), from €92,816 to €29,698
- Accrued charges and deferred income +€2,161
up €2,161 (+14.0%), from €15,415 to €17,576
Income statement
- Gross operating margin -€3,061
down €3,061 (-7.9%), from €38,554 to €35,493
- Taxes -€1,144
down €1,144, from €1,032 to -€112
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
€1,278
Gross operating margin
-€3,061
Staff costs
-€289
Depreciation
-€164
Other operating charges
-€5
Financial income
-€19
Financial charges
-€109
Taxes
+€1,144
Result 2025
-€1,225
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
-€54,365
Investment
-€2,096
Financing
€0
Cash 2024
€123,558
From operations (derived)
-€54,365
Net result for the year
-€1,225
Depreciation
+€5,780
Stocks and contracts
+€236
Smaller working-capital items
+€40
Trade debts
+€689
Tax, wage and social debts
+€1,072
Other debts
-€63,118
Accrued charges and deferred income
+€2,161
Investment (derived)
-€2,096
Investment in fixed assets (net)
-€2,096
Cash 2025
€67,097
brings cash intakes cash out
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €158,137 | €97,716 | -€60,421 | -38.2% |
| Fixed assets | 21/28 | €26,346 | €22,662 | -€3,684 | -14.0% |
| Tangible fixed assets | 22/27 | €26,346 | €22,662 | -€3,684 | -14.0% |
| Plant, machinery and equipment | 23 | €3,793 | €4,298 | +€505 | +13.3% |
| Furniture and vehicles | 24 | €10,056 | €7,555 | -€2,501 | -24.9% |
| Other tangible fixed assets | 26 | €12,497 | €10,809 | -€1,688 | -13.5% |
| Current assets | 29/58 | €131,791 | €75,054 | -€56,737 | -43.1% |
| Stocks and contracts in progress | 3 | €7,809 | €7,573 | -€236 | -3.0% |
| Stocks | 30/36 | €7,809 | €7,573 | -€236 | -3.0% |
| Amounts receivable within one year | 40/41 | €3 | - | -€3 | |
| Other amounts receivable | 41 | €3 | - | -€3 | |
| Cash at bank and in hand | 54/58 | €123,558 | €67,097 | -€56,461 | -45.7% |
| Deferred charges and accrued income | 490/1 | €421 | €384 | -€37 | -8.8% |
| Total equity and liabilities | 10/49 | €158,137 | €97,716 | -€60,421 | -38.2% |
| Equity | 10/15 | €20,344 | €19,119 | -€1,225 | -6.0% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €18,508 | €18,508 | = | 0.0% |
| Tax-exempt reserves | 132 | €173 | €173 | = | 0.0% |
| Distributable reserves | 133 | €18,335 | €18,335 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€16,764 | -€17,989 | -€1,225 | -7.3% |
| Amounts payable | 17/49 | €137,793 | €78,597 | -€59,196 | -43.0% |
| Amounts payable after more than one year | 17 | €18,000 | €18,000 | = | 0.0% |
| Financial debts | 170/4 | €18,000 | €18,000 | = | 0.0% |
| Amounts payable within one year | 42/48 | €104,378 | €43,021 | -€61,357 | -58.8% |
| Trade debts | 44 | €4,258 | €4,947 | +€689 | +16.2% |
| Suppliers | 440/4 | €4,258 | €4,947 | +€689 | +16.2% |
| Taxes, remuneration and social security | 45 | €7,304 | €8,376 | +€1,072 | +14.7% |
| Taxes | 450/3 | €5,096 | €6,183 | +€1,087 | +21.3% |
| Remuneration and social security | 454/9 | €2,208 | €2,193 | -€15 | -0.7% |
| Other amounts payable | 47/48 | €92,816 | €29,698 | -€63,118 | -68.0% |
| Accrued charges and deferred income | 492/3 | €15,415 | €17,576 | +€2,161 | +14.0% |
| Remuneration, social security and pensions | 62 | €27,878 | €28,167 | +€289 | +1.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €5,616 | €5,780 | +€164 | +2.9% |
| Other operating charges | 640/8 | €275 | €280 | +€5 | +1.8% |
| Gross operating margin | 9900 | €38,554 | €35,493 | -€3,061 | -7.9% |
| Operating profit (loss) | 9901 | €4,785 | €1,266 | -€3,519 | -73.5% |
| Financial income | 75/76B | €19 | - | -€19 | |
| Recurring financial income | 75 | €19 | - | -€19 | |
| Financial charges | 65/66B | €2,494 | €2,603 | +€109 | +4.4% |
| Recurring financial charges | 65 | €2,494 | €2,603 | +€109 | +4.4% |
| Profit (loss) for the period before taxes | 9903 | €2,310 | -€1,337 | -€3,647 | |
| Income taxes | 67/77 | €1,032 | -€112 | -€1,144 | |
| Profit (loss) for the period | 9904 | €1,278 | -€1,225 | -€2,503 | |
| Profit (loss) for the period to be appropriated | 9905 | €1,278 | -€1,225 | -€2,503 |
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 2 November 2026 via checked.be.