Verheyde: what changed
Two financial years side by side, explained: what moved most in the balance sheet and the result, why the result rose or fell, and where the money went.
What changed
Verheyde
NACE 56.111, Full-service restaurants
financial year 2024 against 2025filed annual accounts (NBB)
Net result for the year
€52,834
2024 · €257,879-€205,045
Equity
€2.8m
2024 · €2.7m+€52,834
Cash
€238,742
2024 · €191,671+€47,071
Balance sheet total
€3.9m
2024 · €4.1m-€213,610
Largest movements
Assets
- Tangible fixed assets -€121,216
down €121,216 (-8.4%), from €1.4m to €1.3m
of which Plant, machinery and equipment: -€70,770
- Stocks and contracts -€115,484
down €115,484 (-5.4%), from €2.2m to €2.0m
- Cash +€47,071
up €47,071 (+24.6%), from €191,671 to €238,742
mainly Depreciation (+€154,402) and Stocks and contracts (+€115,484)
Equity and liabilities
- Provisions -€142,133
down €142,133 (-100.0%), from €142,133 to €0
- Debts after one year -€95,696
down €95,696 (-40.8%), from €234,361 to €138,665
Income statement
- Gross operating margin -€274,227
down €274,227 (-12.8%), from €2.1m to €1.9m
- Taxes -€75,573
down €75,573 (-79.0%), from €95,601 to €20,029
- Other operating charges +€23,007
up €23,007 (+69.1%), from €33,293 to €56,299
From the 2024 result to the 2025 result
Each bar is the change in one income-statement line, as its effect on the result: higher costs pull it down, higher income lifts it.
Result 2024
€257,879
Gross operating margin
-€274,227
Staff costs
+€7,507
Depreciation
+€8,351
Provisions
+€14,180
Other operating charges
-€23,007
Other operating items
-€1,455
Financial income
-€22
Financial charges
-€11,944
Taxes
+€75,573
Result 2025
€52,834
Cash bridge derived
Derived from the 2024 and 2025 balance sheets and the 2025 result: not a filed cash-flow statement. It shows where the money came from and went.
From operations
+€192,929
Investment
-€33,186
Financing
-€112,672
Cash 2024
€191,671
From operations (derived)
+€192,929
Net result for the year
+€52,834
Depreciation
+€154,402
Stocks and contracts
+€115,484
Receivables within one year
+€21,895
Deferred charges and accrued income
+€2,086
Provisions
-€142,133
Trade debts
-€10,791
Tax, wage and social debts
-€11,935
Other debts
+€11,087
Investment (derived)
-€33,186
Investment in fixed assets (net)
-€33,186
Financing
-€112,672
Debts after one year
-€95,696
Short-term financial debts
-€16,976
Cash 2025
€238,742
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €4,080,474 | €3,866,864 | -€213,610 | -5.2% |
| Fixed assets | 21/28 | €1,459,801 | €1,338,585 | -€121,216 | -8.3% |
| Tangible fixed assets | 22/27 | €1,439,261 | €1,318,045 | -€121,216 | -8.4% |
| Land and buildings | 22 | €1,044,210 | €1,004,879 | -€39,332 | -3.8% |
| Plant, machinery and equipment | 23 | €317,624 | €246,855 | -€70,770 | -22.3% |
| Furniture and vehicles | 24 | €20,526 | €9,412 | -€11,114 | -54.1% |
| Other tangible fixed assets | 26 | €56,900 | €56,900 | = | 0.0% |
| Financial fixed assets | 28 | €20,540 | €20,540 | = | 0.0% |
| Current assets | 29/58 | €2,620,673 | €2,528,279 | -€92,394 | -3.5% |
| Stocks and contracts in progress | 3 | €2,156,209 | €2,040,725 | -€115,484 | -5.4% |
| Stocks | 30/36 | €2,156,209 | €2,040,725 | -€115,484 | -5.4% |
| Amounts receivable within one year | 40/41 | €266,949 | €245,054 | -€21,895 | -8.2% |
| Trade receivables | 40 | €90,784 | €114,890 | +€24,106 | +26.6% |
| Other amounts receivable | 41 | €176,165 | €130,164 | -€46,000 | -26.1% |
| Cash at bank and in hand | 54/58 | €191,671 | €238,742 | +€47,071 | +24.6% |
| Deferred charges and accrued income | 490/1 | €5,844 | €3,758 | -€2,086 | -35.7% |
| Total equity and liabilities | 10/49 | €4,080,474 | €3,866,864 | -€213,610 | -5.2% |
| Equity | 10/15 | €2,728,681 | €2,781,515 | +€52,834 | +1.9% |
| Contributions | 10/11 | €318,592 | €318,592 | = | 0.0% |
| Reserves | 13 | €2,410,000 | €2,450,000 | +€40,000 | +1.7% |
| Distributable reserves | 133 | €2,410,000 | €2,450,000 | +€40,000 | +1.7% |
| Profit (loss) carried forward | 14 | €89 | €12,923 | +€12,834 | +14438.2% |
| Provisions and deferred taxes | 16 | €142,133 | €0 | -€142,133 | -100.0% |
| Provisions for liabilities and charges | 160/5 | €142,133 | €0 | -€142,133 | -100.0% |
| Other liabilities and charges | 164/5 | €142,133 | €0 | -€142,133 | -100.0% |
| Amounts payable | 17/49 | €1,209,660 | €1,085,349 | -€124,311 | -10.3% |
| Amounts payable after more than one year | 17 | €234,361 | €138,665 | -€95,696 | -40.8% |
| Financial debts | 170/4 | €234,361 | €138,665 | -€95,696 | -40.8% |
| Amounts payable within one year | 42/48 | €975,299 | €946,684 | -€28,615 | -2.9% |
| Current portion of amounts payable after more than one year | 42 | €95,696 | €95,696 | = | 0.0% |
| Financial debts | 43 | €50,668 | €33,692 | -€16,976 | -33.5% |
| Credit institutions | 430/8 | €0 | - | = | |
| Other loans | 439 | €50,668 | €33,692 | -€16,976 | -33.5% |
| Trade debts | 44 | €436,730 | €425,940 | -€10,791 | -2.5% |
| Suppliers | 440/4 | €436,730 | €425,940 | -€10,791 | -2.5% |
| Taxes, remuneration and social security | 45 | €192,205 | €180,270 | -€11,935 | -6.2% |
| Taxes | 450/3 | €27,847 | €13,917 | -€13,929 | -50.0% |
| Remuneration and social security | 454/9 | €164,358 | €166,353 | +€1,994 | +1.2% |
| Other amounts payable | 47/48 | €200,000 | €211,087 | +€11,087 | +5.5% |
| Remuneration, social security and pensions | 62 | €1,563,743 | €1,556,236 | -€7,507 | -0.5% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €162,753 | €154,402 | -€8,351 | -5.1% |
| Provisions for liabilities and charges: additions (uses and reversals) | 635/8 | - | -€14,180 | -€14,180 | |
| Other operating charges | 640/8 | €33,293 | €56,299 | +€23,007 | +69.1% |
| Non-recurring operating charges | 66A | - | €1,455 | +€1,455 | |
| Gross operating margin | 9900 | €2,134,086 | €1,859,859 | -€274,227 | -12.8% |
| Operating profit (loss) | 9901 | €374,297 | €105,646 | -€268,651 | -71.8% |
| Financial income | 75/76B | €2,196 | €2,174 | -€22 | -1.0% |
| Recurring financial income | 75 | €2,196 | €2,174 | -€22 | -1.0% |
| Financial charges | 65/66B | €23,013 | €34,957 | +€11,944 | +51.9% |
| Recurring financial charges | 65 | €23,013 | €34,957 | +€11,944 | +51.9% |
| Profit (loss) for the period before taxes | 9903 | €353,480 | €72,863 | -€280,617 | -79.4% |
| Income taxes | 67/77 | €95,601 | €20,029 | -€75,573 | -79.0% |
| Profit (loss) for the period | 9904 | €257,879 | €52,834 | -€205,045 | -79.5% |
| Profit (loss) for the period to be appropriated | 9905 | €257,879 | €52,834 | -€205,045 | -79.5% |
Source: filed annual accounts (NBB), financial years ended 31 December 2024 and 31 December 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 10 October 2026 via checked.be.