THE GREEK: what changed
What changed
THE GREEK
NACE 56.111, Full-service restaurants
filed annual accounts (NBB)
Net result for the year
€3,726
2024 · €24,853-€21,127
Equity
€33,648
2024 · €29,923+€3,726
Cash
€10,193
2024 · €9,358+€835
Balance sheet total
€185,107
2024 · €174,799+€10,308
Largest movements
Assets
- Deferred charges and accrued income +€10,156
up €10,156 (+259%), from €3,919 to €14,074
Equity and liabilities
- Tax, wage and social debts +€12,108
up €12,108 (+167%), from €7,258 to €19,365
of which Remuneration and social security: +€8,231
- Other debts -€10,113
down €10,113 (-38.1%), from €26,532 to €16,419
- Current portion of long-term debt +€5,470
up €5,470 (+37.4%), from €14,622 to €20,092
- Profit (loss) carried forward +€3,726
new in 2025: €3,726
- Accrued charges and deferred income -€2,616
no longer reported in 2025 (was €2,616)
Income statement
- Gross operating margin -€14,358
down €14,358 (-8.0%), from €179,191 to €164,833
- Staff costs +€7,171
up €7,171 (+6.1%), from €118,510 to €125,681
- Taxes -€4,977
down €4,977 (-73.3%), from €6,788 to €1,811
- Depreciation +€4,040
up €4,040 (+25.0%), from €16,181 to €20,222
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
€24,853
Gross operating margin
-€14,358
Staff costs
-€7,171
Depreciation
-€4,040
Other operating charges
-€690
Financial income
-€426
Financial charges
+€581
Taxes
+€4,977
Result 2025
€3,726
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
+€15,901
Investment
-€21,266
Financing
+€6,200
Cash 2024
€9,358
From operations (derived)
+€15,901
Net result for the year
+€3,726
Depreciation
+€20,222
Stocks and contracts
+€1,262
Receivables within one year
+€466
Deferred charges and accrued income
-€10,156
Trade debts
+€1,003
Tax, wage and social debts
+€12,108
Other debts
-€10,113
Accrued charges and deferred income
-€2,616
Investment (derived)
-€21,266
Investment in fixed assets (net)
-€21,266
Financing
+€6,200
Debts after one year
+€731
Current portion of long-term debt
+€5,470
Short-term financial debts
-€1
Cash 2025
€10,193
brings cash intakes cash out
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €174,799 | €185,107 | +€10,308 | +5.9% |
| Fixed assets | 21/28 | €148,582 | €149,627 | +€1,044 | +0.7% |
| Tangible fixed assets | 22/27 | €146,107 | €147,152 | +€1,044 | +0.7% |
| Land and buildings | 22 | €62,607 | €63,925 | +€1,318 | +2.1% |
| Plant, machinery and equipment | 23 | €80,974 | €81,455 | +€481 | +0.6% |
| Furniture and vehicles | 24 | €2,527 | €1,772 | -€755 | -29.9% |
| Financial fixed assets | 28 | €2,475 | €2,475 | = | 0.0% |
| Current assets | 29/58 | €26,216 | €35,480 | +€9,263 | +35.3% |
| Stocks and contracts in progress | 3 | €10,356 | €9,094 | -€1,262 | -12.2% |
| Stocks | 30/36 | €10,356 | €9,094 | -€1,262 | -12.2% |
| Amounts receivable within one year | 40/41 | €2,584 | €2,118 | -€466 | -18.0% |
| Trade receivables | 40 | €2,584 | €2,118 | -€466 | -18.0% |
| Other amounts receivable | 41 | €0 | - | = | |
| Cash at bank and in hand | 54/58 | €9,358 | €10,193 | +€835 | +8.9% |
| Deferred charges and accrued income | 490/1 | €3,919 | €14,074 | +€10,156 | +259% |
| Total equity and liabilities | 10/49 | €174,799 | €185,107 | +€10,308 | +5.9% |
| Equity | 10/15 | €29,923 | €33,648 | +€3,726 | +12.5% |
| Contributions | 10/11 | €25,000 | €25,000 | = | 0.0% |
| Reserves | 13 | €4,923 | €4,923 | = | 0.0% |
| Distributable reserves | 133 | €4,923 | €4,923 | = | 0.0% |
| Profit (loss) carried forward | 14 | - | €3,726 | +€3,726 | |
| Amounts payable | 17/49 | €144,876 | €151,458 | +€6,582 | +4.5% |
| Amounts payable after more than one year | 17 | €73,638 | €74,369 | +€731 | +1.0% |
| Financial debts | 170/4 | €73,638 | €74,369 | +€731 | +1.0% |
| Amounts payable within one year | 42/48 | €68,622 | €77,089 | +€8,467 | +12.3% |
| Current portion of amounts payable after more than one year | 42 | €14,622 | €20,092 | +€5,470 | +37.4% |
| Financial debts | 43 | €72 | €71 | -€1 | -1.4% |
| Credit institutions | 430/8 | €72 | €71 | -€1 | -1.4% |
| Trade debts | 44 | €20,139 | €21,142 | +€1,003 | +5.0% |
| Suppliers | 440/4 | €20,139 | €21,142 | +€1,003 | +5.0% |
| Taxes, remuneration and social security | 45 | €7,258 | €19,365 | +€12,108 | +167% |
| Taxes | 450/3 | €6,788 | €10,664 | +€3,877 | +57.1% |
| Remuneration and social security | 454/9 | €470 | €8,701 | +€8,231 | +1,751% |
| Other amounts payable | 47/48 | €26,532 | €16,419 | -€10,113 | -38.1% |
| Accrued charges and deferred income | 492/3 | €2,616 | - | -€2,616 | |
| Remuneration, social security and pensions | 62 | €118,510 | €125,681 | +€7,171 | +6.1% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €16,181 | €20,222 | +€4,040 | +25.0% |
| Other operating charges | 640/8 | €3,535 | €4,225 | +€690 | +19.5% |
| Non-recurring operating charges | 66A | - | €0 | = | |
| Gross operating margin | 9900 | €179,191 | €164,833 | -€14,358 | -8.0% |
| Operating profit (loss) | 9901 | €40,965 | €14,706 | -€26,260 | -64.1% |
| Financial income | 75/76B | €426 | €0 | -€426 | -100.0% |
| Recurring financial income | 75 | €426 | €0 | -€426 | -100.0% |
| Financial charges | 65/66B | €9,751 | €9,170 | -€581 | -6.0% |
| Recurring financial charges | 65 | €9,236 | €9,170 | -€66 | -0.7% |
| Non-recurring financial charges | 66B | €515 | - | -€515 | |
| Profit (loss) for the period before taxes | 9903 | €31,640 | €5,536 | -€26,104 | -82.5% |
| Income taxes | 67/77 | €6,788 | €1,811 | -€4,977 | -73.3% |
| Profit (loss) for the period | 9904 | €24,853 | €3,726 | -€21,127 | -85.0% |
| Profit (loss) for the period to be appropriated | 9905 | €24,853 | €3,726 | -€21,127 | -85.0% |
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 3 November 2026 via checked.be.