BOULEVARD HORECA SERVICES: 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.
BOULEVARD HORECA SERVICES
Largest movements
- Tangible fixed assets -€29,284
down €29,284 (-3.7%), from €788,481 to €759,197
of which Land and buildings: -€32,260
- Debts after one year -€36,658
down €36,658 (-7.7%), from €473,626 to €436,968
- Trade debts -€34,301
down €34,301 (-78.5%), from €43,687 to €9,385
- Current portion of long-term debt +€18,416
up €18,416 (+20.8%), from €88,427 to €106,843
- Reserves +€15,449
up €15,449 (+98.9%), from €15,622 to €31,071
- Tax, wage and social debts +€14,633
up €14,633 (+77.5%), from €18,880 to €33,513
of which Taxes: +€9,775
- Staff costs +€20,599
up €20,599 (+36.8%), from €56,041 to €76,640
- Gross operating margin +€10,588
up €10,588 (+6.0%), from €176,310 to €186,898
- Depreciation +€5,536
up €5,536 (+10.0%), from €55,276 to €60,812
- Financial charges +€4,548
up €4,548 (+21.4%), from €21,295 to €25,843
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 | €821,604 | €790,538 | -€31,066 | -3.8% |
| Fixed assets | 21/28 | €788,976 | €759,548 | -€29,428 | -3.7% |
| Intangible fixed assets | 21 | €496 | €352 | -€144 | -29.0% |
| Tangible fixed assets | 22/27 | €788,481 | €759,197 | -€29,284 | -3.7% |
| Land and buildings | 22 | €712,610 | €680,350 | -€32,260 | -4.5% |
| Plant, machinery and equipment | 23 | €57,395 | €51,550 | -€5,845 | -10.2% |
| Furniture and vehicles | 24 | €18,475 | €27,296 | +€8,821 | +47.7% |
| Current assets | 29/58 | €32,628 | €30,990 | -€1,638 | -5.0% |
| Stocks and contracts in progress | 3 | €9,107 | €9,840 | +€733 | +8.1% |
| Stocks | 30/36 | €9,107 | €9,840 | +€733 | +8.1% |
| Amounts receivable within one year | 40/41 | €12,985 | €18,342 | +€5,358 | +41.3% |
| Trade receivables | 40 | €12,985 | €17,955 | +€4,970 | +38.3% |
| Other amounts receivable | 41 | - | €387 | +€387 | |
| Cash at bank and in hand | 54/58 | €10,537 | €2,808 | -€7,729 | -73.4% |
| Total equity and liabilities | 10/49 | €821,604 | €790,538 | -€31,066 | -3.8% |
| Equity | 10/15 | €55,622 | €71,071 | +€15,449 | +27.8% |
| Contributions | 10/11 | €40,000 | €40,000 | = | 0.0% |
| Reserves | 13 | €15,622 | €31,071 | +€15,449 | +98.9% |
| Distributable reserves | 133 | €15,622 | €31,071 | +€15,449 | +98.9% |
| Profit (loss) carried forward | 14 | €0 | €0 | = | |
| Amounts payable | 17/49 | €765,983 | €719,467 | -€46,516 | -6.1% |
| Amounts payable after more than one year | 17 | €473,626 | €436,968 | -€36,658 | -7.7% |
| Financial debts | 170/4 | €473,626 | €436,968 | -€36,658 | -7.7% |
| Amounts payable within one year | 42/48 | €291,031 | €280,968 | -€10,063 | -3.5% |
| Current portion of amounts payable after more than one year | 42 | €88,427 | €106,843 | +€18,416 | +20.8% |
| Trade debts | 44 | €43,687 | €9,385 | -€34,301 | -78.5% |
| Suppliers | 440/4 | €43,687 | €9,385 | -€34,301 | -78.5% |
| Advances received on contracts in progress | 46 | €14,220 | €0 | -€14,220 | -100% |
| Taxes, remuneration and social security | 45 | €18,880 | €33,513 | +€14,633 | +77.5% |
| Taxes | 450/3 | €15,430 | €25,205 | +€9,775 | +63.4% |
| Remuneration and social security | 454/9 | €3,450 | €8,308 | +€4,858 | +141% |
| Other amounts payable | 47/48 | €125,817 | €131,227 | +€5,410 | +4.3% |
| Accrued charges and deferred income | 492/3 | €1,326 | €1,531 | +€205 | +15.5% |
| Remuneration, social security and pensions | 62 | €56,041 | €76,640 | +€20,599 | +36.8% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €55,276 | €60,812 | +€5,536 | +10.0% |
| Other operating charges | 640/8 | €3,610 | €4,081 | +€471 | +13.1% |
| Non-recurring operating charges | 66A | €0 | €1,131 | +€1,131 | |
| Gross operating margin | 9900 | €176,310 | €186,898 | +€10,588 | +6.0% |
| Operating profit (loss) | 9901 | €61,384 | €44,233 | -€17,150 | -27.9% |
| Financial income | 75/76B | €0 | €27 | +€27 | +6,648% |
| Recurring financial income | 75 | €0 | €27 | +€27 | +6,648% |
| Financial charges | 65/66B | €21,295 | €25,843 | +€4,548 | +21.4% |
| Recurring financial charges | 65 | €21,295 | €25,843 | +€4,548 | +21.4% |
| Profit (loss) for the period before taxes | 9903 | €40,089 | €18,418 | -€21,671 | -54.1% |
| Income taxes | 67/77 | - | €1,302 | +€1,302 | |
| Profit (loss) for the period | 9904 | €40,089 | €17,115 | -€22,974 | -57.3% |
| Profit (loss) for the period to be appropriated | 9905 | €40,089 | €17,115 | -€22,974 | -57.3% |
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 30 October 2026 via checked.be.