DUSART 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.
DUSART HORECA
Largest movements
- Tangible fixed assets -€38,742
down €38,742 (-98.8%), from €39,215 to €473
of which Plant, machinery and equipment: -€38,189
- Cash -€22,506
down €22,506 (-89.9%), from €25,024 to €2,519
mainly Trade debts (-€50,021) and Tax, wage and social debts (-€39,712)
- Receivables within one year +€20,174
up €20,174 (+36.3%), from €55,585 to €75,759
of which Other amounts receivable: +€29,974
- Stocks and contracts -€8,361
no longer reported in 2025 (was €8,361)
- Profit (loss) carried forward +€77,449
up €77,449 (+41.7%), from -€185,924 to -€108,474
- Trade debts -€50,021
down €50,021 (-99.8%), from €50,097 to €76
- Tax, wage and social debts -€39,712
down €39,712 (-96.9%), from €40,974 to €1,262
of which Remuneration and social security: -€35,127
- Other debts -€25,476
down €25,476 (-15.7%), from €162,714 to €137,239
- Current portion of long-term debt -€10,590
down €10,590 (-91.5%), from €11,578 to €988
- Staff costs -€189,037
down €189,037 (-94.5%), from €200,107 to €11,071
- Gross operating margin -€55,987
down €55,987 (-37.9%), from €147,842 to €91,855
- Depreciation -€21,146
down €21,146 (-98.8%), from €21,405 to €260
- Financial charges -€5,878
down €5,878 (-87.7%), from €6,703 to €825
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 | €130,165 | €80,826 | -€49,338 | -37.9% |
| Fixed assets | 21/28 | €39,215 | €473 | -€38,742 | -98.8% |
| Tangible fixed assets | 22/27 | €39,215 | €473 | -€38,742 | -98.8% |
| Land and buildings | 22 | €214 | - | -€214 | |
| Plant, machinery and equipment | 23 | €38,189 | - | -€38,189 | |
| Furniture and vehicles | 24 | €811 | €473 | -€338 | -41.7% |
| Current assets | 29/58 | €90,950 | €80,354 | -€10,596 | -11.7% |
| Stocks and contracts in progress | 3 | €8,361 | - | -€8,361 | |
| Stocks | 30/36 | €8,361 | - | -€8,361 | |
| Amounts receivable within one year | 40/41 | €55,585 | €75,759 | +€20,174 | +36.3% |
| Trade receivables | 40 | €16,998 | €7,198 | -€9,800 | -57.7% |
| Other amounts receivable | 41 | €38,588 | €68,561 | +€29,974 | +77.7% |
| Cash at bank and in hand | 54/58 | €25,024 | €2,519 | -€22,506 | -89.9% |
| Deferred charges and accrued income | 490/1 | €1,979 | €2,076 | +€97 | +4.9% |
| Total equity and liabilities | 10/49 | €130,165 | €80,826 | -€49,338 | -37.9% |
| Equity | 10/15 | -€146,188 | -€68,738 | +€77,449 | +53.0% |
| Contributions | 10/11 | €13,640 | €13,640 | = | 0.0% |
| Reserves | 13 | €26,096 | €26,096 | = | 0.0% |
| Distributable reserves | 133 | €26,096 | €26,096 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€185,924 | -€108,474 | +€77,449 | +41.7% |
| Provisions and deferred taxes | 16 | €10,000 | €10,000 | = | 0.0% |
| Provisions for liabilities and charges | 160/5 | €10,000 | €10,000 | = | 0.0% |
| Other liabilities and charges | 164/5 | €10,000 | €10,000 | = | 0.0% |
| Amounts payable | 17/49 | €266,352 | €139,565 | -€126,787 | -47.6% |
| Amounts payable after more than one year | 17 | €988 | - | -€988 | |
| Financial debts | 170/4 | €988 | - | -€988 | |
| Amounts payable within one year | 42/48 | €265,364 | €139,565 | -€125,799 | -47.4% |
| Current portion of amounts payable after more than one year | 42 | €11,578 | €988 | -€10,590 | -91.5% |
| Trade debts | 44 | €50,097 | €76 | -€50,021 | -99.8% |
| Suppliers | 440/4 | €50,097 | €76 | -€50,021 | -99.8% |
| Taxes, remuneration and social security | 45 | €40,974 | €1,262 | -€39,712 | -96.9% |
| Taxes | 450/3 | €4,671 | €86 | -€4,585 | -98.2% |
| Remuneration and social security | 454/9 | €36,304 | €1,176 | -€35,127 | -96.8% |
| Other amounts payable | 47/48 | €162,714 | €137,239 | -€25,476 | -15.7% |
| Remuneration, social security and pensions | 62 | €200,107 | €11,071 | -€189,037 | -94.5% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €21,405 | €260 | -€21,146 | -98.8% |
| Other operating charges | 640/8 | €5,621 | €4,313 | -€1,308 | -23.3% |
| Gross operating margin | 9900 | €147,842 | €91,855 | -€55,987 | -37.9% |
| Operating profit (loss) | 9901 | -€79,292 | €76,211 | +€155,503 | |
| Financial income | 75/76B | €2,236 | €2,063 | -€174 | -7.8% |
| Recurring financial income | 75 | €2,236 | €2,063 | -€174 | -7.8% |
| Financial charges | 65/66B | €6,703 | €825 | -€5,878 | -87.7% |
| Recurring financial charges | 65 | €6,703 | €825 | -€5,878 | -87.7% |
| Profit (loss) for the period before taxes | 9903 | -€83,758 | €77,449 | +€161,207 | |
| Profit (loss) for the period | 9904 | -€83,758 | €77,449 | +€161,207 | |
| Profit (loss) for the period to be appropriated | 9905 | -€83,758 | €77,449 | +€161,207 |
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 1 November 2026 via checked.be.