AB-V 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.
AB-V HORECA
Largest movements
- Cash -€7,964
down €7,964 (-61.1%), from €13,036 to €5,072
mainly Tax, wage and social debts (-€10,548) and Receivables within one year (-€3,840)
- Receivables within one year +€3,840
up €3,840 (+773%), from €497 to €4,337
of which Trade receivables: +€3,214
- Tangible fixed assets -€1,322
down €1,322 (-20.7%), from €6,375 to €5,053
of which Plant, machinery and equipment: -€763
- Stocks and contracts -€862
down €862 (-30.9%), from €2,787 to €1,925
- Tax, wage and social debts -€10,548
down €10,548 (-72.0%), from €14,651 to €4,103
of which Remuneration and social security: -€8,927
- Profit (loss) carried forward +€7,444
up €7,444 (+24.7%), from -€30,174 to -€22,730
- Trade debts -€3,054
down €3,054 (-74.1%), from €4,124 to €1,070
- Gross operating margin +€9,355
up €9,355 (+145%), from €6,437 to €15,792
- Other operating charges +€584
up €584 (+10.8%), from €5,413 to €5,997
- Depreciation +€429
up €429 (+26.2%), from €1,635 to €2,064
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 | €29,869 | €23,569 | -€6,300 | -21.1% |
| Fixed assets | 21/28 | €13,085 | €11,763 | -€1,322 | -10.1% |
| Tangible fixed assets | 22/27 | €6,375 | €5,053 | -€1,322 | -20.7% |
| Plant, machinery and equipment | 23 | €3,393 | €2,630 | -€763 | -22.5% |
| Furniture and vehicles | 24 | €2,982 | €2,423 | -€559 | -18.7% |
| Financial fixed assets | 28 | €6,710 | €6,710 | = | 0.0% |
| Current assets | 29/58 | €16,784 | €11,806 | -€4,978 | -29.7% |
| Stocks and contracts in progress | 3 | €2,787 | €1,925 | -€862 | -30.9% |
| Stocks | 30/36 | €2,787 | €1,925 | -€862 | -30.9% |
| Amounts receivable within one year | 40/41 | €497 | €4,337 | +€3,840 | +773% |
| Trade receivables | 40 | - | €3,214 | +€3,214 | |
| Other amounts receivable | 41 | €497 | €1,123 | +€626 | +126% |
| Cash at bank and in hand | 54/58 | €13,036 | €5,072 | -€7,964 | -61.1% |
| Deferred charges and accrued income | 490/1 | €464 | €472 | +€8 | +1.7% |
| Total equity and liabilities | 10/49 | €29,869 | €23,569 | -€6,300 | -21.1% |
| Equity | 10/15 | -€11,574 | -€4,130 | +€7,444 | +64.3% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€30,174 | -€22,730 | +€7,444 | +24.7% |
| Amounts payable | 17/49 | €41,443 | €27,699 | -€13,744 | -33.2% |
| Amounts payable within one year | 42/48 | €41,443 | €27,699 | -€13,744 | -33.2% |
| Financial debts | 43 | €8 | - | -€8 | |
| Credit institutions | 430/8 | €8 | - | -€8 | |
| Trade debts | 44 | €4,124 | €1,070 | -€3,054 | -74.1% |
| Suppliers | 440/4 | €4,124 | €1,070 | -€3,054 | -74.1% |
| Taxes, remuneration and social security | 45 | €14,651 | €4,103 | -€10,548 | -72.0% |
| Taxes | 450/3 | €5,724 | €4,103 | -€1,621 | -28.3% |
| Remuneration and social security | 454/9 | €8,927 | - | -€8,927 | |
| Other amounts payable | 47/48 | €22,660 | €22,526 | -€134 | -0.6% |
| Remuneration, social security and pensions | 62 | €211 | €213 | +€2 | +0.9% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €1,635 | €2,064 | +€429 | +26.2% |
| Other operating charges | 640/8 | €5,413 | €5,997 | +€584 | +10.8% |
| Gross operating margin | 9900 | €6,437 | €15,792 | +€9,355 | +145% |
| Operating profit (loss) | 9901 | -€822 | €7,518 | +€8,340 | |
| Financial income | 75/76B | €104 | €1 | -€103 | -99.0% |
| Recurring financial income | 75 | €104 | €1 | -€103 | -99.0% |
| Financial charges | 65/66B | €148 | €75 | -€73 | -49.3% |
| Recurring financial charges | 65 | €148 | €75 | -€73 | -49.3% |
| Profit (loss) for the period before taxes | 9903 | -€866 | €7,444 | +€8,310 | |
| Profit (loss) for the period | 9904 | -€866 | €7,444 | +€8,310 | |
| Profit (loss) for the period to be appropriated | 9905 | -€866 | €7,444 | +€8,310 |
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 18 October 2026 via checked.be.