TAVERNE ROYALE: what changed
What changed
TAVERNE ROYALE
NACE 56.111, Full-service restaurants
filed annual accounts (NBB)
Net result for the year
€498,119
2024 · €533,479-€35,360
Equity
€478,375
2024 · €384,257+€94,119
Cash
€196,176
2024 · €111,890+€84,286
Balance sheet total
€1.3m
2024 · €1.9m-€589,830
Largest movements
Assets
- Receivables within one year -€722,871
down €722,871 (-55.6%), from €1.3m to €577,147
of which Other amounts receivable: -€720,515
- Cash +€84,286
up €84,286 (+75.3%), from €111,890 to €196,176
mainly Receivables within one year (+€722,871) and Net result for the year (+€498,119)
- Tangible fixed assets +€37,209
up €37,209 (+9.9%), from €374,132 to €411,341
of which Plant, machinery and equipment: +€71,758
Equity and liabilities
- Other debts -€764,693
down €764,693 (-62.7%), from €1.2m to €454,000
- Profit (loss) carried forward +€94,119
up €94,119 (+25.9%), from €363,707 to €457,825
- Current portion of long-term debt +€65,319
new in 2025: €65,319
- Trade debts -€36,701
down €36,701 (-18.9%), from €194,453 to €157,752
- Tax, wage and social debts +€29,862
up €29,862 (+44.8%), from €66,589 to €96,452
of which Remuneration and social security: +€15,986
Income statement
- Staff costs +€130,588
up €130,588 (+8.9%), from €1.5m to €1.6m
- Gross operating margin +€110,854
up €110,854 (+4.8%), from €2.3m to €2.4m
- Depreciation +€25,764
up €25,764 (+23.6%), from €109,307 to €135,071
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
€533,479
Gross operating margin
+€110,854
Staff costs
-€130,588
Depreciation
-€25,764
Other operating charges
+€236
Financial income
+€1,636
Financial charges
-€6,184
Taxes
+€14,450
Result 2025
€498,119
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
+€572,277
Investment
-€171,523
Financing
-€316,467
Cash 2024
€111,890
From operations (derived)
+€572,277
Net result for the year
+€498,119
Depreciation
+€135,071
Stocks and contracts
-€12,302
Receivables within one year
+€722,871
Trade debts
-€36,701
Tax, wage and social debts
+€29,862
Advances received
+€50
Other debts
-€764,693
Investment (derived)
-€171,523
Investment in fixed assets (net)
-€172,311
Current investments
+€788
Financing
-€316,467
Debts after one year
+€22,213
Current portion of long-term debt
+€65,319
Contributions, distributions and other
-€404,000
Cash 2025
€196,176
brings cash intakes cash out
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €1,864,104 | €1,274,273 | -€589,830 | -31.6% |
| Fixed assets | 21/28 | €392,240 | €429,480 | +€37,240 | +9.5% |
| Tangible fixed assets | 22/27 | €374,132 | €411,341 | +€37,209 | +9.9% |
| Land and buildings | 22 | €133,261 | €88,269 | -€44,992 | -33.8% |
| Plant, machinery and equipment | 23 | €158,938 | €230,696 | +€71,758 | +45.1% |
| Furniture and vehicles | 24 | €81,933 | €92,376 | +€10,443 | +12.7% |
| Financial fixed assets | 28 | €18,108 | €18,139 | +€32 | +0.2% |
| Current assets | 29/58 | €1,471,864 | €844,793 | -€627,071 | -42.6% |
| Amounts receivable after more than one year | 29 | €300 | €300 | = | 0.0% |
| Other amounts receivable | 291 | €300 | €300 | = | 0.0% |
| Stocks and contracts in progress | 3 | €57,531 | €69,834 | +€12,302 | +21.4% |
| Stocks | 30/36 | €57,531 | €69,834 | +€12,302 | +21.4% |
| Amounts receivable within one year | 40/41 | €1,300,018 | €577,147 | -€722,871 | -55.6% |
| Trade receivables | 40 | €37,914 | €35,557 | -€2,356 | -6.2% |
| Other amounts receivable | 41 | €1,262,104 | €541,589 | -€720,515 | -57.1% |
| Current investments | 50/53 | €2,125 | €1,337 | -€788 | -37.1% |
| Cash at bank and in hand | 54/58 | €111,890 | €196,176 | +€84,286 | +75.3% |
| Total equity and liabilities | 10/49 | €1,864,104 | €1,274,273 | -€589,830 | -31.6% |
| Equity | 10/15 | €384,257 | €478,375 | +€94,119 | +24.5% |
| Contributions | 10/11 | €18,592 | €18,592 | = | 0.0% |
| Reserves | 13 | €1,958 | €1,958 | = | 0.0% |
| Tax-exempt reserves | 132 | €99 | €99 | = | 0.0% |
| Distributable reserves | 133 | €1,859 | €1,859 | = | 0.0% |
| Profit (loss) carried forward | 14 | €363,707 | €457,825 | +€94,119 | +25.9% |
| Amounts payable | 17/49 | €1,479,847 | €795,898 | -€683,949 | -46.2% |
| Amounts payable after more than one year | 17 | - | €22,213 | +€22,213 | |
| Financial debts | 170/4 | - | €22,213 | +€22,213 | |
| Amounts payable within one year | 42/48 | €1,479,847 | €773,684 | -€706,162 | -47.7% |
| Current portion of amounts payable after more than one year | 42 | - | €65,319 | +€65,319 | |
| Trade debts | 44 | €194,453 | €157,752 | -€36,701 | -18.9% |
| Suppliers | 440/4 | €194,453 | €157,752 | -€36,701 | -18.9% |
| Advances received on contracts in progress | 46 | €111 | €161 | +€50 | +45.0% |
| Taxes, remuneration and social security | 45 | €66,589 | €96,452 | +€29,862 | +44.8% |
| Taxes | 450/3 | €3,458 | €17,334 | +€13,877 | +401% |
| Remuneration and social security | 454/9 | €63,132 | €79,117 | +€15,986 | +25.3% |
| Other amounts payable | 47/48 | €1,218,693 | €454,000 | -€764,693 | -62.7% |
| Remuneration, social security and pensions | 62 | €1,463,201 | €1,593,789 | +€130,588 | +8.9% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €109,307 | €135,071 | +€25,764 | +23.6% |
| Other operating charges | 640/8 | €17,247 | €17,011 | -€236 | -1.4% |
| Gross operating margin | 9900 | €2,297,229 | €2,408,083 | +€110,854 | +4.8% |
| Operating profit (loss) | 9901 | €707,474 | €662,212 | -€45,262 | -6.4% |
| Financial income | 75/76B | €21,738 | €23,374 | +€1,636 | +7.5% |
| Recurring financial income | 75 | €21,738 | €23,374 | +€1,636 | +7.5% |
| Financial charges | 65/66B | €13,016 | €19,200 | +€6,184 | +47.5% |
| Recurring financial charges | 65 | €13,016 | €19,200 | +€6,184 | +47.5% |
| Profit (loss) for the period before taxes | 9903 | €716,196 | €666,386 | -€49,810 | -7.0% |
| Income taxes | 67/77 | €182,718 | €168,268 | -€14,450 | -7.9% |
| Profit (loss) for the period | 9904 | €533,479 | €498,119 | -€35,360 | -6.6% |
| Profit (loss) for the period to be appropriated | 9905 | €533,479 | €498,119 | -€35,360 | -6.6% |
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 4 November 2026 via checked.be.