V Antwerp: what changed
What changed
V Antwerp
NACE 56.111, Full-service restaurants
filed annual accounts (NBB)
Net result for the year
€253,291
2024 · €112,475+€140,816
Equity
€245,561
2024 · -€7,730+€253,291
Cash
€284,747
2024 · €221,283+€63,464
Balance sheet total
€1.6m
2024 · €1.6m-€17,044
Largest movements
Assets
- Tangible fixed assets -€110,456
down €110,456 (-9.9%), from €1.1m to €1.0m
of which Other tangible fixed assets: -€114,698
- Cash +€63,464
up €63,464 (+28.7%), from €221,283 to €284,747
mainly Net result for the year (+€253,291) and Depreciation (+€178,831)
- Receivables within one year +€36,750
up €36,750 (+401%), from €9,174 to €45,924
of which Other amounts receivable: +€45,404
- Intangible fixed assets -€24,897
down €24,897 (-11.2%), from €222,661 to €197,764
Equity and liabilities
- Profit (loss) carried forward +€253,291
up €253,291, from -€69,230 to €184,061
- Debts after one year -€176,942
down €176,942 (-19.2%), from €922,729 to €745,787
- Other debts -€149,866
down €149,866 (-82.8%), from €180,904 to €31,038
- Current portion of long-term debt +€57,928
up €57,928 (+34.3%), from €169,014 to €226,942
Income statement
- Gross operating margin +€406,707
up €406,707 (+33.9%), from €1.2m to €1.6m
- Staff costs +€250,261
up €250,261 (+31.3%), from €798,532 to €1.0m
- Taxes +€43,037
new in 2025: €43,037
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
€112,475
Gross operating margin
+€406,707
Staff costs
-€250,261
Depreciation
-€9,540
Other operating charges
+€13,176
Other operating items
+€5,360
Financial income
+€4,098
Financial charges
+€14,313
Taxes
-€43,037
Result 2025
€253,291
raises the resultlowers the resultnot broken down further in the accounts
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
+€225,956
Investment
-€43,478
Financing
-€119,014
Cash 2024
€221,283
From operations (derived)
+€225,956
Net result for the year
+€253,291
Depreciation
+€178,831
Stocks and contracts
-€2,441
Receivables within one year
-€36,750
Deferred charges and accrued income
-€15,655
Trade debts
-€10,805
Tax, wage and social debts
+€5,459
Other debts
-€149,866
Accrued charges and deferred income
+€3,891
Investment (derived)
-€43,478
Investment in fixed assets (net)
-€43,478
Financing
-€119,014
Debts after one year
-€176,942
Current portion of long-term debt
+€57,928
Cash 2025
€284,747
brings cash intakes cash out
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €1,614,735 | €1,597,691 | -€17,044 | -1.1% |
| Fixed assets | 21/28 | €1,337,245 | €1,201,891 | -€135,354 | -10.1% |
| Intangible fixed assets | 21 | €222,661 | €197,764 | -€24,897 | -11.2% |
| Tangible fixed assets | 22/27 | €1,114,583 | €1,004,127 | -€110,456 | -9.9% |
| Plant, machinery and equipment | 23 | €30,438 | €42,710 | +€12,272 | +40.3% |
| Furniture and vehicles | 24 | €31,910 | €23,879 | -€8,030 | -25.2% |
| Other tangible fixed assets | 26 | €1,052,235 | €937,537 | -€114,698 | -10.9% |
| Current assets | 29/58 | €277,490 | €395,800 | +€118,309 | +42.6% |
| Stocks and contracts in progress | 3 | €32,282 | €34,723 | +€2,441 | +7.6% |
| Stocks | 30/36 | €32,282 | €34,723 | +€2,441 | +7.6% |
| Amounts receivable within one year | 40/41 | €9,174 | €45,924 | +€36,750 | +401% |
| Trade receivables | 40 | €9,128 | €474 | -€8,654 | -94.8% |
| Other amounts receivable | 41 | €45 | €45,450 | +€45,404 | +99,855% |
| Cash at bank and in hand | 54/58 | €221,283 | €284,747 | +€63,464 | +28.7% |
| Deferred charges and accrued income | 490/1 | €14,752 | €30,406 | +€15,655 | +106% |
| Total equity and liabilities | 10/49 | €1,614,735 | €1,597,691 | -€17,044 | -1.1% |
| Equity | 10/15 | -€7,730 | €245,561 | +€253,291 | |
| Contributions | 10/11 | €61,500 | €61,500 | = | 0.0% |
| Capital | 10 | €61,500 | €61,500 | = | 0.0% |
| Issued capital | 100 | €61,500 | €61,500 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€69,230 | €184,061 | +€253,291 | |
| Amounts payable | 17/49 | €1,622,465 | €1,352,129 | -€270,335 | -16.7% |
| Amounts payable after more than one year | 17 | €922,729 | €745,787 | -€176,942 | -19.2% |
| Financial debts | 170/4 | €922,729 | €745,787 | -€176,942 | -19.2% |
| Amounts payable within one year | 42/48 | €699,414 | €602,129 | -€97,284 | -13.9% |
| Current portion of amounts payable after more than one year | 42 | €169,014 | €226,942 | +€57,928 | +34.3% |
| Trade debts | 44 | €125,409 | €114,603 | -€10,805 | -8.6% |
| Suppliers | 440/4 | €125,409 | €114,603 | -€10,805 | -8.6% |
| Taxes, remuneration and social security | 45 | €224,088 | €229,547 | +€5,459 | +2.4% |
| Taxes | 450/3 | €90,735 | €129,050 | +€38,315 | +42.2% |
| Remuneration and social security | 454/9 | €133,352 | €100,496 | -€32,856 | -24.6% |
| Other amounts payable | 47/48 | €180,904 | €31,038 | -€149,866 | -82.8% |
| Accrued charges and deferred income | 492/3 | €322 | €4,213 | +€3,891 | +1,209% |
| Remuneration, social security and pensions | 62 | €798,532 | €1,048,793 | +€250,261 | +31.3% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €169,291 | €178,831 | +€9,540 | +5.6% |
| Other operating charges | 640/8 | €18,964 | €5,788 | -€13,176 | -69.5% |
| Non-recurring operating charges | 66A | €5,360 | €0 | -€5,360 | -100% |
| Gross operating margin | 9900 | €1,200,845 | €1,607,553 | +€406,707 | +33.9% |
| Operating profit (loss) | 9901 | €208,698 | €374,140 | +€165,442 | +79.3% |
| Financial income | 75/76B | €490 | €4,588 | +€4,098 | +836% |
| Recurring financial income | 75 | €490 | €4,588 | +€4,098 | +836% |
| Financial charges | 65/66B | €96,713 | €82,400 | -€14,313 | -14.8% |
| Recurring financial charges | 65 | €96,713 | €82,400 | -€14,313 | -14.8% |
| Profit (loss) for the period before taxes | 9903 | €112,475 | €296,328 | +€183,853 | +163% |
| Income taxes | 67/77 | - | €43,037 | +€43,037 | |
| Profit (loss) for the period | 9904 | €112,475 | €253,291 | +€140,816 | +125% |
| Profit (loss) for the period to be appropriated | 9905 | €112,475 | €253,291 | +€140,816 | +125% |
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.