WARDENIER: what changed
What changed
WARDENIER
NACE 56.111, Full-service restaurants
filed annual accounts (NBB)
Net result for the year
-€2,838
2024 · -€18,662+€15,824
Equity
€134,408
2024 · €137,246-€2,838
Cash
€24,666
2024 · €26,019-€1,353
Balance sheet total
€228,800
2024 · €246,942-€18,143
Largest movements
Assets
- Tangible fixed assets -€17,337
down €17,337 (-17.9%), from €96,737 to €79,400
of which Other tangible fixed assets: -€10,654
- Receivables within one year +€3,958
up €3,958 (+88.3%), from €4,481 to €8,439
of which Trade receivables: +€3,958
- Intangible fixed assets -€3,500
down €3,500 (-18.2%), from €19,250 to €15,750
Equity and liabilities
- Trade debts +€28,704
up €28,704 (+191%), from €15,021 to €43,725
- Tax, wage and social debts -€17,578
down €17,578 (-54.0%), from €32,554 to €14,976
of which Remuneration and social security: -€15,338
- Current portion of long-term debt -€12,529
down €12,529 (-45.5%), from €27,559 to €15,030
- Debts after one year -€7,125
down €7,125 (-41.6%), from €17,125 to €10,000
- Other debts -€6,485
down €6,485 (-39.0%), from €16,621 to €10,137
Income statement
- Staff costs -€54,806
down €54,806 (-31.4%), from €174,806 to €120,000
- Gross operating margin -€37,767
down €37,767 (-19.0%), from €198,484 to €160,717
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
-€18,662
Gross operating margin
-€37,767
Staff costs
+€54,806
Depreciation
-€1,110
Other operating charges
-€307
Financial income
+€14
Financial charges
+€188
Result 2025
-€2,838
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
+€37,517
Investment
-€19,216
Financing
-€19,654
Cash 2024
€26,019
From operations (derived)
+€37,517
Net result for the year
-€2,838
Depreciation
+€40,053
Receivables within one year
-€3,958
Deferred charges and accrued income
-€88
Trade debts
+€28,704
Tax, wage and social debts
-€17,578
Other debts
-€6,485
Accrued charges and deferred income
-€293
Investment (derived)
-€19,216
Investment in fixed assets (net)
-€19,216
Financing
-€19,654
Debts after one year
-€7,125
Current portion of long-term debt
-€12,529
Cash 2025
€24,666
brings cash intakes cash out
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €246,942 | €228,800 | -€18,143 | -7.3% |
| Fixed assets | 21/28 | €115,986 | €95,150 | -€20,837 | -18.0% |
| Intangible fixed assets | 21 | €19,250 | €15,750 | -€3,500 | -18.2% |
| Tangible fixed assets | 22/27 | €96,737 | €79,400 | -€17,337 | -17.9% |
| Plant, machinery and equipment | 23 | €52,349 | €44,060 | -€8,290 | -15.8% |
| Furniture and vehicles | 24 | €5,802 | €9,938 | +€4,136 | +71.3% |
| Leasing and similar rights | 25 | €2,529 | €0 | -€2,529 | -100% |
| Other tangible fixed assets | 26 | €36,056 | €25,402 | -€10,654 | -29.5% |
| Current assets | 29/58 | €130,956 | €133,650 | +€2,694 | +2.1% |
| Stocks and contracts in progress | 3 | €13,122 | €13,122 | = | 0.0% |
| Stocks | 30/36 | €13,122 | €13,122 | = | 0.0% |
| Amounts receivable within one year | 40/41 | €4,481 | €8,439 | +€3,958 | +88.3% |
| Trade receivables | 40 | €0 | €3,958 | +€3,958 | |
| Other amounts receivable | 41 | €4,481 | €4,481 | = | 0.0% |
| Current investments | 50/53 | €84,667 | €84,667 | = | 0.0% |
| Cash at bank and in hand | 54/58 | €26,019 | €24,666 | -€1,353 | -5.2% |
| Deferred charges and accrued income | 490/1 | €2,668 | €2,756 | +€88 | +3.3% |
| Total equity and liabilities | 10/49 | €246,942 | €228,800 | -€18,143 | -7.3% |
| Equity | 10/15 | €137,246 | €134,408 | -€2,838 | -2.1% |
| Contributions | 10/11 | €20,000 | €20,000 | = | 0.0% |
| Reserves | 13 | €93,000 | €93,000 | = | 0.0% |
| Non-distributable reserves | 130/1 | €2,000 | €2,000 | = | 0.0% |
| Reserves not available under the articles | 1311 | €2,000 | €2,000 | = | 0.0% |
| Distributable reserves | 133 | €91,000 | €91,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | €24,246 | €21,408 | -€2,838 | -11.7% |
| Amounts payable | 17/49 | €109,696 | €94,391 | -€15,305 | -14.0% |
| Amounts payable after more than one year | 17 | €17,125 | €10,000 | -€7,125 | -41.6% |
| Financial debts | 170/4 | €17,125 | €10,000 | -€7,125 | -41.6% |
| Amounts payable within one year | 42/48 | €91,755 | €83,868 | -€7,887 | -8.6% |
| Current portion of amounts payable after more than one year | 42 | €27,559 | €15,030 | -€12,529 | -45.5% |
| Trade debts | 44 | €15,021 | €43,725 | +€28,704 | +191% |
| Suppliers | 440/4 | €15,021 | €43,725 | +€28,704 | +191% |
| Taxes, remuneration and social security | 45 | €32,554 | €14,976 | -€17,578 | -54.0% |
| Taxes | 450/3 | €7,600 | €5,360 | -€2,240 | -29.5% |
| Remuneration and social security | 454/9 | €24,954 | €9,616 | -€15,338 | -61.5% |
| Other amounts payable | 47/48 | €16,621 | €10,137 | -€6,485 | -39.0% |
| Accrued charges and deferred income | 492/3 | €816 | €523 | -€293 | -35.9% |
| Remuneration, social security and pensions | 62 | €174,806 | €120,000 | -€54,806 | -31.4% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €38,943 | €40,053 | +€1,110 | +2.8% |
| Other operating charges | 640/8 | €1,217 | €1,523 | +€307 | +25.2% |
| Non-recurring operating charges | 66A | €0 | - | = | |
| Gross operating margin | 9900 | €198,484 | €160,717 | -€37,767 | -19.0% |
| Operating profit (loss) | 9901 | -€16,482 | -€860 | +€15,622 | +94.8% |
| Financial income | 75/76B | €0 | €14 | +€14 | +3,857% |
| Recurring financial income | 75 | €0 | €14 | +€14 | +3,857% |
| Financial charges | 65/66B | €2,180 | €1,992 | -€188 | -8.6% |
| Recurring financial charges | 65 | €2,180 | €1,992 | -€188 | -8.6% |
| Profit (loss) for the period before taxes | 9903 | -€18,662 | -€2,838 | +€15,824 | +84.8% |
| Income taxes | 67/77 | €0 | - | = | |
| Profit (loss) for the period | 9904 | -€18,662 | -€2,838 | +€15,824 | +84.8% |
| Profit (loss) for the period to be appropriated | 9905 | -€18,662 | -€2,838 | +€15,824 | +84.8% |
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 6 November 2026 via checked.be.