3i Horeca: 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.
3i Horeca
Largest movements
- Cash -€12,736
down €12,736 (-62.5%), from €20,362 to €7,626
mainly Net result for the year (-€21,556) and Receivables within one year (-€3,698)
- Receivables within one year +€3,698
up €3,698 (+19.9%), from €18,600 to €22,298
- Tangible fixed assets -€1,540
down €1,540 (-92.2%), from €1,670 to €130
- Stocks and contracts +€1,104
up €1,104 (+12.0%), from €9,200 to €10,304
- Profit (loss) carried forward -€21,556
down €21,556 (-23.0%), from -€93,741 to -€115,297
- Other debts +€12,444
up €12,444 (+17.5%), from €71,110 to €83,554
- Tax, wage and social debts -€1,620
down €1,620 (-15.4%), from €10,549 to €8,929
of which Remuneration and social security: -€2,688
- Trade debts +€1,259
up €1,259 (+2.8%), from €44,914 to €46,172
- Other operating charges +€4,549
up €4,549 (+83.6%), from €5,444 to €9,993
- Staff costs +€2,713
up €2,713 (+14.4%), from €18,803 to €21,516
- Gross operating margin -€1,355
down €1,355 (-7.4%), from €18,206 to €16,851
- Depreciation -€1,256
down €1,256 (-44.9%), from €2,796 to €1,540
- Financial charges -€1,146
down €1,146 (-17.6%), from €6,504 to €5,358
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.
Derived cash bridge
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.
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €49,832 | €40,358 | -€9,474 | -19.0% |
| Fixed assets | 21/28 | €1,670 | €130 | -€1,540 | -92.2% |
| Tangible fixed assets | 22/27 | €1,670 | €130 | -€1,540 | -92.2% |
| Furniture and vehicles | 24 | €1,670 | €130 | -€1,540 | -92.2% |
| Current assets | 29/58 | €48,162 | €40,229 | -€7,933 | -16.5% |
| Stocks and contracts in progress | 3 | €9,200 | €10,304 | +€1,104 | +12.0% |
| Stocks | 30/36 | €9,200 | €10,304 | +€1,104 | +12.0% |
| Amounts receivable within one year | 40/41 | €18,600 | €22,298 | +€3,698 | +19.9% |
| Trade receivables | 40 | €18,600 | €22,298 | +€3,698 | +19.9% |
| Cash at bank and in hand | 54/58 | €20,362 | €7,626 | -€12,736 | -62.5% |
| Total equity and liabilities | 10/49 | €49,832 | €40,358 | -€9,474 | -19.0% |
| Equity | 10/15 | -€76,741 | -€98,297 | -€21,556 | -28.1% |
| Contributions | 10/11 | €17,000 | €17,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€93,741 | -€115,297 | -€21,556 | -23.0% |
| Amounts payable | 17/49 | €126,572 | €138,655 | +€12,083 | +9.5% |
| Amounts payable within one year | 42/48 | €126,572 | €138,655 | +€12,083 | +9.5% |
| Trade debts | 44 | €44,914 | €46,172 | +€1,259 | +2.8% |
| Suppliers | 440/4 | €44,914 | €46,172 | +€1,259 | +2.8% |
| Taxes, remuneration and social security | 45 | €10,549 | €8,929 | -€1,620 | -15.4% |
| Taxes | 450/3 | €5,847 | €6,914 | +€1,067 | +18.3% |
| Remuneration and social security | 454/9 | €4,702 | €2,015 | -€2,688 | -57.2% |
| Other amounts payable | 47/48 | €71,110 | €83,554 | +€12,444 | +17.5% |
| Remuneration, social security and pensions | 62 | €18,803 | €21,516 | +€2,713 | +14.4% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €2,796 | €1,540 | -€1,256 | -44.9% |
| Other operating charges | 640/8 | €5,444 | €9,993 | +€4,549 | +83.6% |
| Gross operating margin | 9900 | €18,206 | €16,851 | -€1,355 | -7.4% |
| Operating profit (loss) | 9901 | -€8,838 | -€16,198 | -€7,361 | -83.3% |
| Financial charges | 65/66B | €6,504 | €5,358 | -€1,146 | -17.6% |
| Recurring financial charges | 65 | €6,504 | €5,358 | -€1,146 | -17.6% |
| Profit (loss) for the period before taxes | 9903 | -€15,341 | -€21,556 | -€6,215 | -40.5% |
| Profit (loss) for the period | 9904 | -€15,341 | -€21,556 | -€6,215 | -40.5% |
| Profit (loss) for the period to be appropriated | 9905 | -€15,341 | -€21,556 | -€6,215 | -40.5% |
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 24 October 2026 via checked.be.