B.L. 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.
B.L. HORECA
Largest movements
- Tangible fixed assets -€21,601
down €21,601 (-5.4%), from €396,552 to €374,950
of which Land and buildings: -€20,900
- Other debts -€21,097
down €21,097 (-9.8%), from €214,465 to €193,369
- Profit (loss) carried forward +€20,626
up €20,626 (+61.9%), from €33,297 to €53,923
- Reserves -€8,153
down €8,153 (-9.5%), from €85,673 to €77,520
of which Tax-exempt reserves: -€8,153
- Accrued charges and deferred income -€6,331
no longer reported in 2025 (was €6,331)
- Provisions -€4,198
down €4,198 (-16.8%), from €24,988 to €20,790
- Taxes +€3,571
up €3,571 (+103.3%), from €3,457 to €7,028
- Gross operating margin +€3,516
up €3,516 (+9.7%), from €36,391 to €39,906
- Depreciation +€1,454
up €1,454 (+7.2%), from €20,147 to €21,601
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.
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.
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €402,135 | €381,704 | -€20,431 | -5.1% |
| Fixed assets | 21/28 | €396,552 | €374,950 | -€21,601 | -5.4% |
| Tangible fixed assets | 22/27 | €396,552 | €374,950 | -€21,601 | -5.4% |
| Land and buildings | 22 | €394,631 | €373,731 | -€20,900 | -5.3% |
| Furniture and vehicles | 24 | €1,920 | €1,219 | -€701 | -36.5% |
| Current assets | 29/58 | €5,583 | €6,754 | +€1,171 | +21.0% |
| Amounts receivable within one year | 40/41 | €284 | €4,151 | +€3,867 | +1362.8% |
| Trade receivables | 40 | €284 | - | -€284 | |
| Other amounts receivable | 41 | - | €4,151 | +€4,151 | |
| Cash at bank and in hand | 54/58 | €5,300 | €2,603 | -€2,697 | -50.9% |
| Total equity and liabilities | 10/49 | €402,135 | €381,704 | -€20,431 | -5.1% |
| Equity | 10/15 | €149,970 | €162,443 | +€12,473 | +8.3% |
| Contributions | 10/11 | €31,000 | €31,000 | = | 0.0% |
| Reserves | 13 | €85,673 | €77,520 | -€8,153 | -9.5% |
| Non-distributable reserves | 130/1 | €3,100 | €3,100 | = | 0.0% |
| Reserves not available under the articles | 1311 | €3,100 | €3,100 | = | 0.0% |
| Tax-exempt reserves | 132 | €48,528 | €40,375 | -€8,153 | -16.8% |
| Distributable reserves | 133 | €34,045 | €34,045 | = | 0.0% |
| Profit (loss) carried forward | 14 | €33,297 | €53,923 | +€20,626 | +61.9% |
| Provisions and deferred taxes | 16 | €24,988 | €20,790 | -€4,198 | -16.8% |
| Deferred taxes | 168 | €24,988 | €20,790 | -€4,198 | -16.8% |
| Amounts payable | 17/49 | €227,177 | €198,471 | -€28,706 | -12.6% |
| Amounts payable within one year | 42/48 | €220,846 | €198,471 | -€22,375 | -10.1% |
| Trade debts | 44 | €2,924 | €3,075 | +€151 | +5.2% |
| Suppliers | 440/4 | €2,924 | €3,075 | +€151 | +5.2% |
| Taxes, remuneration and social security | 45 | €3,457 | €2,028 | -€1,429 | -41.3% |
| Taxes | 450/3 | €3,457 | €2,028 | -€1,429 | -41.3% |
| Other amounts payable | 47/48 | €214,465 | €193,369 | -€21,097 | -9.8% |
| Accrued charges and deferred income | 492/3 | €6,331 | - | -€6,331 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €20,147 | €21,601 | +€1,454 | +7.2% |
| Other operating charges | 640/8 | €2,552 | €2,949 | +€397 | +15.5% |
| Gross operating margin | 9900 | €36,391 | €39,906 | +€3,516 | +9.7% |
| Operating profit (loss) | 9901 | €13,692 | €15,357 | +€1,665 | +12.2% |
| Financial income | 75/76B | €0 | €0 | +€0 | +150.0% |
| Recurring financial income | 75 | €0 | €0 | +€0 | +150.0% |
| Financial charges | 65/66B | €45 | €54 | +€9 | +19.3% |
| Recurring financial charges | 65 | €45 | €54 | +€9 | +19.3% |
| Profit (loss) for the period before taxes | 9903 | €13,647 | €15,303 | +€1,656 | +12.1% |
| Transfer from deferred taxes | 780 | €4,198 | €4,198 | = | 0.0% |
| Income taxes | 67/77 | €3,457 | €7,028 | +€3,571 | +103.3% |
| Profit (loss) for the period | 9904 | €14,388 | €12,473 | -€1,914 | -13.3% |
| Transfer from tax-exempt reserves | 789 | €8,153 | €8,153 | = | 0.0% |
| Profit (loss) for the period to be appropriated | 9905 | €22,541 | €20,626 | -€1,914 | -8.5% |
Source: filed annual accounts (NBB), financial years ended 30 September 2024 and 30 September 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 9 October 2026 via checked.be.