DC 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.
DC HORECA
Largest movements
- Receivables after one year -€152,611
down €152,611 (-14.6%), from €1.0m to €895,000
- Cash -€65,301
down €65,301 (-15.5%), from €421,303 to €356,002
mainly Contributions, distributions and other (-€410,817) and Receivables within one year (-€48,614)
- Tangible fixed assets -€55,720
down €55,720 (-22.0%), from €252,782 to €197,062
of which Plant, machinery and equipment: -€40,441
- Receivables within one year +€48,614
up €48,614 (+24.5%), from €198,359 to €246,973
of which Trade receivables: +€57,218
- Reserves -€253,049
down €253,049 (-18.7%), from €1.4m to €1.1m
- Provisions +€110,000
new in 2025: €110,000
- Trade debts -€44,156
down €44,156 (-30.9%), from €142,690 to €98,535
- Tax, wage and social debts -€25,702
down €25,702 (-6.9%), from €372,898 to €347,195
of which Remuneration and social security: -€39,981
- Staff costs +€252,177
up €252,177 (+12.6%), from €2.0m to €2.3m
- Gross operating margin +€244,314
up €244,314 (+9.8%), from €2.5m to €2.7m
- Provisions +€110,000
new in 2025: €110,000
- Taxes -€37,555
down €37,555 (-35.0%), from €107,198 to €69,643
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 | €1,941,587 | €1,705,897 | -€235,690 | -12.1% |
| Fixed assets | 21/28 | €253,182 | €197,462 | -€55,720 | -22.0% |
| Tangible fixed assets | 22/27 | €252,782 | €197,062 | -€55,720 | -22.0% |
| Plant, machinery and equipment | 23 | €222,469 | €182,028 | -€40,441 | -18.2% |
| Furniture and vehicles | 24 | €17,725 | €9,014 | -€8,711 | -49.1% |
| Other tangible fixed assets | 26 | €12,587 | €6,020 | -€6,568 | -52.2% |
| Financial fixed assets | 28 | €400 | €400 | = | 0.0% |
| Current assets | 29/58 | €1,688,405 | €1,508,435 | -€179,970 | -10.7% |
| Amounts receivable after more than one year | 29 | €1,047,611 | €895,000 | -€152,611 | -14.6% |
| Other amounts receivable | 291 | €1,047,611 | €895,000 | -€152,611 | -14.6% |
| Stocks and contracts in progress | 3 | €11,835 | €10,461 | -€1,375 | -11.6% |
| Stocks | 30/36 | €11,835 | €10,461 | -€1,375 | -11.6% |
| Amounts receivable within one year | 40/41 | €198,359 | €246,973 | +€48,614 | +24.5% |
| Trade receivables | 40 | €92,628 | €149,846 | +€57,218 | +61.8% |
| Other amounts receivable | 41 | €105,731 | €97,127 | -€8,604 | -8.1% |
| Cash at bank and in hand | 54/58 | €421,303 | €356,002 | -€65,301 | -15.5% |
| Deferred charges and accrued income | 490/1 | €9,298 | - | -€9,298 | |
| Total equity and liabilities | 10/49 | €1,941,587 | €1,705,897 | -€235,690 | -12.1% |
| Equity | 10/15 | €1,369,670 | €1,116,621 | -€253,049 | -18.5% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €1,351,070 | €1,098,021 | -€253,049 | -18.7% |
| Distributable reserves | 133 | €1,351,070 | €1,098,021 | -€253,049 | -18.7% |
| Provisions and deferred taxes | 16 | - | €110,000 | +€110,000 | |
| Provisions for liabilities and charges | 160/5 | - | €110,000 | +€110,000 | |
| Other liabilities and charges | 164/5 | - | €110,000 | +€110,000 | |
| Amounts payable | 17/49 | €571,917 | €479,275 | -€92,642 | -16.2% |
| Amounts payable after more than one year | 17 | €12,691 | - | -€12,691 | |
| Financial debts | 170/4 | €12,691 | - | -€12,691 | |
| Amounts payable within one year | 42/48 | €558,373 | €478,421 | -€79,952 | -14.3% |
| Current portion of amounts payable after more than one year | 42 | €22,785 | €12,691 | -€10,094 | -44.3% |
| Trade debts | 44 | €142,690 | €98,535 | -€44,156 | -30.9% |
| Suppliers | 440/4 | €142,690 | €98,535 | -€44,156 | -30.9% |
| Advances received on contracts in progress | 46 | €20,000 | €20,000 | = | 0.0% |
| Taxes, remuneration and social security | 45 | €372,898 | €347,195 | -€25,702 | -6.9% |
| Taxes | 450/3 | €66,157 | €80,436 | +€14,279 | +21.6% |
| Remuneration and social security | 454/9 | €306,740 | €266,759 | -€39,981 | -13.0% |
| Accrued charges and deferred income | 492/3 | €853 | €854 | +€2 | +0.2% |
| Remuneration, social security and pensions | 62 | €1,997,986 | €2,250,162 | +€252,177 | +12.6% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €108,941 | €96,070 | -€12,870 | -11.8% |
| Provisions for liabilities and charges: additions (uses and reversals) | 635/8 | - | €110,000 | +€110,000 | |
| Other operating charges | 640/8 | €34,310 | €27,452 | -€6,858 | -20.0% |
| Gross operating margin | 9900 | €2,490,887 | €2,735,201 | +€244,314 | +9.8% |
| Operating profit (loss) | 9901 | €349,650 | €251,516 | -€98,134 | -28.1% |
| Financial income | 75/76B | €12,977 | €2,588 | -€10,388 | -80.1% |
| Recurring financial income | 75 | €12,977 | €2,588 | -€10,388 | -80.1% |
| Financial charges | 65/66B | €21,911 | €26,693 | +€4,783 | +21.8% |
| Recurring financial charges | 65 | €21,911 | €26,693 | +€4,783 | +21.8% |
| Profit (loss) for the period before taxes | 9903 | €340,716 | €227,411 | -€113,305 | -33.3% |
| Income taxes | 67/77 | €107,198 | €69,643 | -€37,555 | -35.0% |
| Profit (loss) for the period | 9904 | €233,518 | €157,769 | -€75,750 | -32.4% |
| Profit (loss) for the period to be appropriated | 9905 | €233,518 | €157,769 | -€75,750 | -32.4% |
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 14 October 2026 via checked.be.