BCD HORECA: what changed
Two fiscal 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.
What changed
BCD HORECA
NACE 56.111, Full-service restaurants
fiscal year 2024 against 2025filed annual accounts (NBB)
Net result for the year
€14,331
2024 · -€45,407+€59,738
Equity
-€97,865
2024 · -€112,196+€14,331
Cash
€58,710
2024 · €20,908+€37,802
Balance sheet total
€86,407
2024 · €57,087+€29,320
Largest movements
Assets
- Cash +€37,802
up €37,802 (+180.8%), from €20,908 to €58,710
mainly Tax, wage and social debts (+€31,221) and Net result for the year (+€14,331)
- Tangible fixed assets -€5,376
down €5,376 (-64.6%), from €8,326 to €2,950
of which Plant, machinery and equipment: -€2,940
- Deferred charges and accrued income -€1,863
down €1,863 (-100.0%), from €1,863 to €0
- Receivables within one year -€1,018
down €1,018 (-8.7%), from €11,652 to €10,635
of which Trade receivables: -€636
Equity and liabilities
- Tax, wage and social debts +€31,221
up €31,221 (+53.8%), from €58,063 to €89,283
of which Remuneration and social security: +€18,744
- Profit (loss) carried forward +€14,331
up €14,331 (+11.3%), from -€127,196 to -€112,865
- Debts after one year -€9,761
down €9,761 (-40.7%), from €23,986 to €14,225
of which Financial debts: -€9,761
- Trade debts -€6,991
down €6,991 (-22.2%), from €31,438 to €24,447
of which Suppliers: -€7,391
- Accrued charges and deferred income +€935
new in 2025: €935
Income statement
- Purchases and services +€378,642
new in 2025: €378,642
- Gross operating margin +€56,459
up €56,459 (+29.1%), from €193,765 to €250,224
- Depreciation -€7,481
down €7,481 (-43.7%), from €17,117 to €9,636
- Financial charges +€2,888
up €2,888 (+61.8%), from €4,670 to €7,559
of which Financial charges: +€2,888
- Staff costs +€2,741
up €2,741 (+1.3%), from €211,836 to €214,577
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.
Result 2024
-€45,407
Gross operating margin
+€56,459
Staff costs
-€2,741
Depreciation
+€7,481
Other operating charges
+€1,276
Financial income
+€152
Financial charges
-€2,888
Result 2025
€14,331
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.
From operations
+€51,141
Investment
-€3,727
Financing
-€9,613
Cash 2024
€20,908
From operations (derived)
+€51,141
Net result for the year
+€14,331
Depreciation
+€9,636
Stocks and contracts
-€309
Receivables within one year
+€1,018
Deferred charges and accrued income
+€1,863
Trade debts
-€6,991
Tax, wage and social debts
+€31,221
Other debts
-€563
Accrued charges and deferred income
+€935
Investment (derived)
-€3,727
Investment in fixed assets (net)
-€3,727
Financing
-€9,613
Debts after one year
-€9,761
Current portion of long-term debt
+€149
Cash 2025
€58,710
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €57,087 | €86,407 | +€29,320 | +51.4% |
| Formation expenses | 20 | €189 | €0 | -€189 | -100.0% |
| Fixed assets | 21/28 | €8,670 | €2,950 | -€5,721 | -66.0% |
| Intangible fixed assets | 21 | €345 | €0 | -€345 | -100.0% |
| Tangible fixed assets | 22/27 | €8,326 | €2,950 | -€5,376 | -64.6% |
| Land and buildings | 22 | €1,932 | €0 | -€1,932 | -100.0% |
| Plant, machinery and equipment | 23 | €5,890 | €2,950 | -€2,940 | -49.9% |
| Furniture and vehicles | 24 | €504 | €0 | -€504 | -100.0% |
| Leasing and similar rights | 25 | - | €0 | = | |
| Other tangible fixed assets | 26 | - | €0 | = | |
| Assets under construction and advance payments | 27 | - | €0 | = | |
| Financial fixed assets | 28 | - | €0 | = | |
| Current assets | 29/58 | €48,228 | €83,457 | +€35,229 | +73.0% |
| Amounts receivable after more than one year | 29 | - | €0 | = | |
| Trade receivables | 290 | - | €0 | = | |
| Other amounts receivable | 291 | - | €0 | = | |
| Stocks and contracts in progress | 3 | €13,803 | €14,112 | +€309 | +2.2% |
| Stocks | 30/36 | €13,803 | €14,112 | +€309 | +2.2% |
| Contracts in progress | 37 | - | €0 | = | |
| Amounts receivable within one year | 40/41 | €11,652 | €10,635 | -€1,018 | -8.7% |
| Trade receivables | 40 | €1,871 | €1,234 | -€636 | -34.0% |
| Other amounts receivable | 41 | €9,782 | €9,400 | -€381 | -3.9% |
| Current investments | 50/53 | - | €0 | = | |
| Cash at bank and in hand | 54/58 | €20,908 | €58,710 | +€37,802 | +180.8% |
| Deferred charges and accrued income | 490/1 | €1,863 | €0 | -€1,863 | -100.0% |
| Total equity and liabilities | 10/49 | €57,087 | €86,407 | +€29,320 | +51.4% |
| Equity | 10/15 | -€112,196 | -€97,865 | +€14,331 | +12.8% |
| Contributions | 10/11 | €15,000 | €15,000 | = | 0.0% |
| Revaluation surpluses | 12 | - | €0 | = | |
| Reserves | 13 | - | €0 | = | |
| Non-distributable reserves | 130/1 | - | €0 | = | |
| Reserves not available under the articles | 1311 | - | €0 | = | |
| Own shares acquired | 1312 | - | €0 | = | |
| Financial assistance | 1313 | - | €0 | = | |
| Other | 1319 | - | €0 | = | |
| Tax-exempt reserves | 132 | - | €0 | = | |
| Distributable reserves | 133 | - | €0 | = | |
| Profit (loss) carried forward | 14 | -€127,196 | -€112,865 | +€14,331 | +11.3% |
| Investment grants | 15 | - | €0 | = | |
| Advance to shareholders on the distribution of net assets | 19 | - | €0 | = | |
| Provisions and deferred taxes | 16 | - | €0 | = | |
| Provisions for liabilities and charges | 160/5 | - | €0 | = | |
| Pensions and similar obligations | 160 | - | €0 | = | |
| Taxes | 161 | - | €0 | = | |
| Major repairs and maintenance | 162 | - | €0 | = | |
| Environmental obligations | 163 | - | €0 | = | |
| Other liabilities and charges | 164/5 | - | €0 | = | |
| Deferred taxes | 168 | - | €0 | = | |
| Amounts payable | 17/49 | €169,283 | €184,272 | +€14,989 | +8.9% |
| Amounts payable after more than one year | 17 | €23,986 | €14,225 | -€9,761 | -40.7% |
| Financial debts | 170/4 | €23,986 | €14,225 | -€9,761 | -40.7% |
| Trade debts | 175 | - | €0 | = | |
| Advances received on contracts in progress | 176 | - | €0 | = | |
| Other amounts payable | 178/9 | - | €0 | = | |
| Amounts payable within one year | 42/48 | €145,297 | €169,112 | +€23,815 | +16.4% |
| Current portion of amounts payable after more than one year | 42 | €9,613 | €9,761 | +€149 | +1.5% |
| Financial debts | 43 | - | €0 | = | |
| Credit institutions | 430/8 | - | €0 | = | |
| Other loans | 439 | - | €0 | = | |
| Trade debts | 44 | €31,438 | €24,447 | -€6,991 | -22.2% |
| Suppliers | 440/4 | €31,438 | €24,047 | -€7,391 | -23.5% |
| Bills of exchange payable | 441 | - | €400 | +€400 | |
| Advances received on contracts in progress | 46 | - | €0 | = | |
| Taxes, remuneration and social security | 45 | €58,063 | €89,283 | +€31,221 | +53.8% |
| Taxes | 450/3 | €15,461 | €27,937 | +€12,477 | +80.7% |
| Remuneration and social security | 454/9 | €42,602 | €61,346 | +€18,744 | +44.0% |
| Other amounts payable | 47/48 | €46,183 | €45,620 | -€563 | -1.2% |
| Accrued charges and deferred income | 492/3 | - | €935 | +€935 | |
| Goods, raw materials, services and sundry goods | 60/61 | - | €378,642 | +€378,642 | |
| Remuneration, social security and pensions | 62 | €211,836 | €214,577 | +€2,741 | +1.3% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €17,117 | €9,636 | -€7,481 | -43.7% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | - | €0 | = | |
| Provisions for liabilities and charges: additions (uses and reversals) | 635/8 | - | €0 | = | |
| Other operating charges | 640/8 | €5,951 | €4,674 | -€1,276 | -21.4% |
| Operating charges capitalised as restructuring costs | 649 | - | €0 | = | |
| Non-recurring operating charges | 66A | - | €0 | = | |
| Gross operating margin | 9900 | €193,765 | €250,224 | +€56,459 | +29.1% |
| Operating profit (loss) | 9901 | -€41,138 | €21,336 | +€62,474 | |
| Financial income | 75/76B | €402 | €553 | +€152 | +37.7% |
| Recurring financial income | 75 | €402 | €553 | +€152 | +37.7% |
| Non-recurring financial income | 76B | - | €0 | = | |
| Financial charges | 65/66B | €4,670 | €7,559 | +€2,888 | +61.8% |
| Recurring financial charges | 65 | €4,670 | €7,559 | +€2,888 | +61.8% |
| Non-recurring financial charges | 66B | - | €0 | = | |
| Profit (loss) for the period before taxes | 9903 | -€45,407 | €14,331 | +€59,738 | |
| Transfer from deferred taxes | 780 | - | €0 | = | |
| Transfer to deferred taxes | 680 | - | €0 | = | |
| Income taxes | 67/77 | - | €0 | = | |
| Profit (loss) for the period | 9904 | -€45,407 | €14,331 | +€59,738 | |
| Transfer from tax-exempt reserves | 789 | - | €0 | = | |
| Transfer to tax-exempt reserves | 689 | - | €0 | = | |
| Profit (loss) for the period to be appropriated | 9905 | -€45,407 | €14,331 | +€59,738 |
Source: filed annual accounts (NBB), fiscal years ended 31 December 2024 and 31 December 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 1 October 2026 via checked.be.