Accounting

Bookkeeping

Finance

Restaurant Owners are Still Making Important Decisions Based on Gut Feeling

Dutch restaurant owners are still making key decisions on gut feeling. Discover why real-time financial insight is becoming hospitality's biggest competitive edge.

8 mins

Restaurant owners are still making important decisions

Intro

Why real-time financial insight is becoming one of hospitality's biggest competitive advantages

Hiring another employee. Raising menu prices. Investing in a new kitchen. Expanding to a second location.

Restaurant owners make decisions like these every day. Experience plays an important role in those choices, but experience alone is no longer enough. In today's hospitality market, where margins are tighter, labour costs continue to rise and operational complexity keeps increasing, making informed decisions requires more than instinct. It requires access to timely financial information.

Over the past few months, Neno spoke with more than 150 hospitality entrepreneurs across the Netherlands to better understand the financial challenges they face. While every business was different, one observation came back time and time again. Restaurant owners know their guests, understand their operations and have a strong feeling for how the business is performing. Yet many admitted they still don't have a complete financial picture until weeks after the month has already ended.

"What stood out most to us was that many entrepreneurs genuinely feel their business is doing well, while at the same time admitting that important decisions are still often based on intuition," says Max Engelander, Commercial Director at Neno. "Not because they aren't good entrepreneurs, but because the financial information often only becomes available once the month has already passed."

Those findings come at a challenging time for the hospitality industry. According to Statistics Netherlands (CBS), hospitality turnover grew by just 2.2% in the first quarter of 2026, marking the slowest annual growth in five years. At the same time, Ondernemersplein reports more than 29,000 open vacancies across the sector, while over 28% of hospitality businesses continue to experience staff shortages. Data from the Dutch Chamber of Commerce (KVK) also shows hospitality remains one of the sectors with the highest number of business closures relative to its size.

Against that backdrop, the conversations suggested that the industry's biggest challenge isn't simply rising costs or labour shortages. It's visibility. Restaurant owners are making decisions about staffing, purchasing, pricing, margins and cash flow in an increasingly fast-moving environment, while the financial information they rely on often arrives too late to influence those decisions.

That conclusion closely aligns with recent reporting by Misset Horeca, which highlighted that many hospitality entrepreneurs continue to make important business decisions based primarily on intuition rather than up-to-date financial data. Their original reporting can be found on the Misset Horeca website and provides additional context around the findings discussed in this article.


Administration has quietly become a second shift

One theme surfaced in almost every conversation.

For most restaurant owners, the working day doesn't end when the last guests leave. Once service is over, another shift begins. Invoices still need to be processed, receipts have to be collected, payroll requires attention and supplier administration continues long after the kitchen has closed. Financial administration often becomes something that's squeezed into the remaining hours of the day rather than something that actively supports decision-making.

Alexander Minniti, owner of Scarpetta in Amsterdam, recognises that balancing act all too well.

"At Scarpetta, making some of the best pasta in Amsterdam takes time and attention. You can't rush the dough, the prep or the service. As an owner, that is where you want your focus to be: on the product, the team and the guests. The challenge is that the financial side also needs attention. If you only understand how the month went after it has already closed, it becomes harder to make calm decisions while you are still in the middle of running the business."

His experience reflects what we consistently heard from restaurant owners across the country. Few entrepreneurs are asking for more reports or more administration. Instead, they're looking for greater visibility into the financial health of their business while they're still in a position to act. Knowing whether labour costs are increasing faster than revenue, whether margins are under pressure or whether cash flow is tightening shouldn't depend on waiting for month-end reports.

Hospitality has always been an industry built on instinct, and rightly so. Experienced operators can sense when service feels different, when a new menu starts gaining momentum or when the atmosphere in the restaurant begins to change. That intuition remains one of the industry's greatest strengths. However, instinct only tells part of the story. Understanding the financial consequences of those operational decisions requires something different: timely, reliable financial insight.

When those insights only become available after the month has already ended, even the best entrepreneurs are forced to make tomorrow's decisions using yesterday's information.

Growth doesn't just increase revenue. It increases complexity.

For many restaurant owners, growth is the goal. Opening a second location, expanding the team or introducing a new concept are all signs that the business is moving in the right direction. Yet growth also introduces a different kind of challenge. Every new location brings additional staff, suppliers, invoices, payroll and operational costs, making it significantly harder to maintain a clear overview of the business.

Several entrepreneurs told us they don't struggle with collecting financial information. They struggle with connecting it. Data often lives across different systems and only comes together once the accounting period has already closed. By then, the opportunity to respond has often passed.

That means decisions about staffing, purchasing or expansion are frequently made before the full financial picture is available. The numbers eventually confirm what happened, but they rarely help shape what happens next.

Filip Bonev, owner of Lila and fractional CFO at Point Numera, believes intuition should never replace financial visibility.

"As an operator, you can sense quite a bit before it ever hits the ledger. You can feel the team hitting their limit, the energy of a smooth service, or the momentum behind a new concept. However, from a CFO perspective, intuition only provides a fraction of the narrative. Choices regarding staffing, menu pricing, capital investments, or expansion must be validated against real-time financial realities. When that clarity only arrives after the period has ended, you are effectively steering based on historical data."

His observation reflects what we repeatedly heard during our own conversations. Hospitality has always been an industry built on instinct, and that instinct remains one of its greatest strengths. Great operators notice when service feels different, when guests respond well to a new menu or when a concept begins gaining momentum. But instinct alone rarely answers questions like whether labour costs are increasing faster than revenue, whether margins are shrinking or whether cash flow is healthy enough to support another investment.

Those answers require financial information that's available while decisions are still being made, not several weeks later.

Why month-end reporting is no longer enough

Traditional financial reporting was built around compliance. Businesses closed the books at the end of the month, reports were prepared and entrepreneurs looked back at what had happened. That process still satisfies regulatory requirements, but it no longer reflects the pace at which modern hospitality businesses operate.

Restaurant owners make important decisions every single day. Staffing levels change overnight. Supplier prices fluctuate. Reservations shift. Food costs increase. Waiting until the following month to understand the financial impact of those changes means opportunities to adjust have already disappeared.

The restaurant owners we spoke with weren't asking for more reports. They were asking for better visibility. They wanted to know whether labour costs were moving in the right direction, whether margins remained healthy and whether expansion plans were financially sustainable before committing to the next step.

In today's hospitality market, financial insight has become less about reporting the past and more about supporting better decisions in the present.

The role of the accountant is changing

Those changing expectations are also reshaping the role of accountants.

For decades, accountants were primarily responsible for compliance. Preparing VAT returns, annual accounts and tax filings formed the core of the relationship. Those responsibilities remain essential, but they are no longer enough for many entrepreneurs.

Restaurant owners increasingly expect their accountant to become a financial partner who understands the business behind the numbers. Someone who identifies trends before they become problems, explains what's driving profitability and helps entrepreneurs make decisions with greater confidence.

That shift is visible well beyond hospitality. Research by Ravical found that 64.2% of Dutch SMEs describe their relationship with their accountant as primarily reactive or transactional, while only 13.4% consider their accountant a genuine strategic sparring partner. The same research also found that more than half of Dutch SMEs already turn to AI tools for financial or business-related questions, suggesting entrepreneurs are actively looking for faster access to insight when proactive advice isn't readily available.

As Max Engelander explains:

"Entrepreneurs don't wake up thinking they need a better bookkeeper. They wake up wondering whether they can hire another employee, invest in a second location or improve their cash flow. Financial administration isn't the goal. It's the foundation that allows entrepreneurs to make those decisions with confidence."

That changing expectation also shapes how we think about technology.

Artificial intelligence shouldn't replace accountants. It should remove repetitive administrative work so accountants can spend more time where they create the most value: helping entrepreneurs understand their business, make better decisions and prepare for what's next.

Better financial insight leads to better decisions

If there was one conclusion that stood out across all 150 conversations, it was this: restaurant owners aren't looking for more administration. They're looking for more confidence.

Confidence that labour costs remain under control. Confidence that margins support growth. Confidence that opening another location makes financial sense. Most importantly, they want confidence that the decisions they make today are based on today's reality, not last month's reports.

That's a significant shift in how financial administration is viewed.

For years, bookkeeping has largely been seen as something businesses simply had to do. A process focused on compliance, tax filings and annual accounts. While those responsibilities remain essential, they're no longer where entrepreneurs see the greatest value.

Increasingly, financial administration is becoming a decision-making tool. Rather than explaining what happened four weeks ago, entrepreneurs expect financial insight to help them understand what's happening today and what might happen tomorrow. They want to identify trends earlier, respond to changing costs faster and make investment decisions with greater confidence.

The conversations we had suggest this shift is already well underway. Restaurant owners aren't asking for more data. They're asking for the right data, at the right time, presented in a way that helps them run a better business.

Looking ahead

The Dutch hospitality industry has always been remarkably resilient. Restaurant owners continue to adapt to changing consumer behaviour, rising costs and an increasingly competitive market. Those challenges aren't likely to disappear any time soon, but the way businesses respond to them is already changing.

Financial insight is becoming less about looking backwards and more about supporting decisions while they can still influence the outcome. Technology will continue to automate repetitive administrative work, but the role of experienced financial professionals will become even more valuable. As routine tasks become automated, accountants have more time to do what entrepreneurs increasingly expect from them: provide context, advice and strategic guidance.

At Neno, we believe the future of financial services isn't about replacing people with technology. It's about combining the strengths of both. AI should quietly handle repetitive work in the background, while accountants spend more time helping entrepreneurs understand their business, improve financial performance and make better decisions.

Ultimately, hospitality has never been about paperwork. It's about creating memorable experiences for guests, building great teams and growing sustainable businesses. Financial administration should support those ambitions, not compete with them.

About this research

This article is based on conversations Neno conducted with more than 150 hospitality entrepreneurs across the Netherlands. The findings are supported by publicly available research from Statistics Netherlands (CBS), Ondernemersplein, the Dutch Chamber of Commerce (KVK) and Ravical, which together provide additional context on the economic conditions and financial challenges currently affecting the hospitality sector.

Our findings were also featured by Misset Horeca in their article "Belangrijke beslissingen worden nog vaak op gevoel genomen." If you're interested in reading their reporting and additional industry perspectives, you can find the original article on the Misset Horeca website.

Continue the conversation

Are you running a hospitality business and recognise these challenges?

We're continuing our conversations with restaurant owners across the Netherlands to better understand the financial challenges shaping the industry. Every conversation helps us build a clearer picture of where hospitality is heading and how financial services can better support the entrepreneurs behind it.

Want to continue the conversation? Get in touch with the Neno team or explore how we're helping hospitality businesses spend less time on administration and more time running their restaurants.

Portrait of Nick

Written by

Nick Knuppe

CEO & Founder

We take care of admin. You take care of business.

We take care of admin. You take care of business.

We take care of admin. You take care of business.