'T WINNERHOF: what changed
What changed
'T WINNERHOF
NACE 56.112, Limited-service restaurants, excluding mobile food services
filed annual accounts (NBB)
Net result for the year
€19,451
2024 · €9,374+€10,078
Equity
€499,623
2024 · €480,171+€19,451
Cash
€48,391
2024 · €103,978-€55,587
Balance sheet total
€744,839
2024 · €800,245-€55,405
Largest movements
Assets
- Cash -€55,587
down €55,587 (-53.5%), from €103,978 to €48,391
mainly Debts after one year (-€33,863) and Short-term financial debts (-€25,000)
- Tangible fixed assets -€24,893
down €24,893 (-4.1%), from €611,586 to €586,693
of which Land and buildings: -€22,933
- Stocks and contracts +€12,637
up €12,637 (+33.4%), from €37,873 to €50,510
- Receivables within one year +€11,518
up €11,518 (+91.9%), from €12,533 to €24,050
of which Other amounts receivable: +€11,325
Equity and liabilities
- Debts after one year -€33,863
down €33,863 (-16.2%), from €208,919 to €175,056
of which Financial debts: -€33,837
- Short-term financial debts -€25,000
down €25,000 (-100%), from €25,000 to €0
- Profit (loss) carried forward +€19,451
up €19,451 (+28.1%), from €69,171 to €88,623
- Trade debts -€9,685
down €9,685 (-34.9%), from €27,789 to €18,104
Income statement
- Depreciation -€29,485
down €29,485 (-44.6%), from €66,145 to €36,659
- Other operating charges +€21,672
up €21,672 (+1,069%), from €2,028 to €23,700
- Staff costs -€6,126
down €6,126 (-4.7%), from €130,631 to €124,505
- Taxes +€2,389
new in 2025: €2,389
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
€9,374
Gross operating margin
-€1,487
Staff costs
+€6,126
Depreciation
+€29,485
Other operating charges
-€21,672
Financial income
+€0
Financial charges
+€14
Taxes
-€2,389
Result 2025
€19,451
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
+€16,689
Investment
-€11,767
Financing
-€60,510
Cash 2024
€103,978
From operations (derived)
+€16,689
Net result for the year
+€19,451
Depreciation
+€36,659
Receivables after one year
-€243
Stocks and contracts
-€12,637
Receivables within one year
-€11,518
Deferred charges and accrued income
-€677
Trade debts
-€9,685
Tax, wage and social debts
-€6,785
Other debts
+€2,122
Investment (derived)
-€11,767
Investment in fixed assets (net)
-€11,767
Financing
-€60,510
Debts after one year
-€33,863
Current portion of long-term debt
-€1,647
Short-term financial debts
-€25,000
Cash 2025
€48,391
brings cash intakes cash out
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €800,245 | €744,839 | -€55,405 | -6.9% |
| Fixed assets | 21/28 | €611,586 | €586,693 | -€24,893 | -4.1% |
| Tangible fixed assets | 22/27 | €611,586 | €586,693 | -€24,893 | -4.1% |
| Land and buildings | 22 | €586,044 | €563,111 | -€22,933 | -3.9% |
| Plant, machinery and equipment | 23 | €12,047 | €8,082 | -€3,965 | -32.9% |
| Furniture and vehicles | 24 | €4,901 | €10,784 | +€5,882 | +120% |
| Leasing and similar rights | 25 | €8,594 | €4,716 | -€3,877 | -45.1% |
| Current assets | 29/58 | €188,659 | €158,146 | -€30,513 | -16.2% |
| Amounts receivable after more than one year | 29 | €32,366 | €32,610 | +€243 | +0.8% |
| Other amounts receivable | 291 | €32,366 | €32,610 | +€243 | +0.8% |
| Stocks and contracts in progress | 3 | €37,873 | €50,510 | +€12,637 | +33.4% |
| Stocks | 30/36 | €37,873 | €50,510 | +€12,637 | +33.4% |
| Amounts receivable within one year | 40/41 | €12,533 | €24,050 | +€11,518 | +91.9% |
| Trade receivables | 40 | €155 | €347 | +€193 | +125% |
| Other amounts receivable | 41 | €12,378 | €23,703 | +€11,325 | +91.5% |
| Cash at bank and in hand | 54/58 | €103,978 | €48,391 | -€55,587 | -53.5% |
| Deferred charges and accrued income | 490/1 | €1,908 | €2,585 | +€677 | +35.5% |
| Total equity and liabilities | 10/49 | €800,245 | €744,839 | -€55,405 | -6.9% |
| Equity | 10/15 | €480,171 | €499,623 | +€19,451 | +4.1% |
| Contributions | 10/11 | €411,000 | €411,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | €69,171 | €88,623 | +€19,451 | +28.1% |
| Amounts payable | 17/49 | €320,074 | €245,217 | -€74,857 | -23.4% |
| Amounts payable after more than one year | 17 | €208,919 | €175,056 | -€33,863 | -16.2% |
| Financial debts | 170/4 | €204,720 | €170,884 | -€33,837 | -16.5% |
| Other amounts payable | 178/9 | €4,199 | €4,173 | -€26 | -0.6% |
| Amounts payable within one year | 42/48 | €110,755 | €69,760 | -€40,994 | -37.0% |
| Current portion of amounts payable after more than one year | 42 | €32,484 | €30,837 | -€1,647 | -5.1% |
| Financial debts | 43 | €25,000 | €0 | -€25,000 | -100% |
| Credit institutions | 430/8 | €25,000 | €0 | -€25,000 | -100% |
| Trade debts | 44 | €27,789 | €18,104 | -€9,685 | -34.9% |
| Suppliers | 440/4 | €27,789 | €18,104 | -€9,685 | -34.9% |
| Taxes, remuneration and social security | 45 | €10,900 | €4,115 | -€6,785 | -62.2% |
| Taxes | 450/3 | €798 | €0 | -€798 | -100% |
| Remuneration and social security | 454/9 | €10,101 | €4,115 | -€5,987 | -59.3% |
| Other amounts payable | 47/48 | €14,582 | €16,705 | +€2,122 | +14.6% |
| Accrued charges and deferred income | 492/3 | €400 | €400 | = | 0.0% |
| Remuneration, social security and pensions | 62 | €130,631 | €124,505 | -€6,126 | -4.7% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €66,145 | €36,659 | -€29,485 | -44.6% |
| Other operating charges | 640/8 | €2,028 | €23,700 | +€21,672 | +1,069% |
| Gross operating margin | 9900 | €217,864 | €216,377 | -€1,487 | -0.7% |
| Operating profit (loss) | 9901 | €19,060 | €31,513 | +€12,452 | +65.3% |
| Financial income | 75/76B | €902 | €902 | +€0 | 0.0% |
| Recurring financial income | 75 | €902 | €902 | +€0 | 0.0% |
| Financial charges | 65/66B | €10,588 | €10,574 | -€14 | -0.1% |
| Recurring financial charges | 65 | €10,588 | €10,574 | -€14 | -0.1% |
| Profit (loss) for the period before taxes | 9903 | €9,374 | €21,841 | +€12,467 | +133% |
| Income taxes | 67/77 | - | €2,389 | +€2,389 | |
| Profit (loss) for the period | 9904 | €9,374 | €19,451 | +€10,078 | +108% |
| Profit (loss) for the period to be appropriated | 9905 | €9,374 | €19,451 | +€10,078 | +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 7 November 2026 via checked.be.