EXPLHORECA: 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.
EXPLHORECA
Largest movements
- Receivables within one year -€22,137
down €22,137 (-18.5%), from €119,347 to €97,210
of which Trade receivables: -€23,288
- Deferred charges and accrued income +€4,500
new in 2024: €4,500
- Current portion of long-term debt -€20,535
down €20,535 (-62.1%), from €33,054 to €12,519
- Debts after one year -€12,519
down €12,519 (-100%), from €12,519 to €0
- Other debts +€11,793
up €11,793 (+15.8%), from €74,440 to €86,232
- Tax, wage and social debts -€10,037
down €10,037 (-16.4%), from €61,251 to €51,214
of which Taxes: -€8,401
- Trade debts +€9,603
up €9,603 (+32.7%), from €29,334 to €38,937
- Staff costs -€57,648
down €57,648 (-64.9%), from €88,783 to €31,134
- Gross operating margin -€56,546
down €56,546 (-49.8%), from €113,599 to €57,053
- Other operating charges +€6,478
up €6,478 (+144%), from €4,501 to €10,979
- Financial charges -€5,287
down €5,287 (-62.1%), from €8,520 to €3,233
- Taxes +€3,506
up €3,506 (+139%), from €2,518 to €6,024
From the 2023 result to the 2024 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 2023 and 2024 balance sheets and the 2024 result: not a filed cash-flow statement. It shows where the money came from and went.
Every line side by side
| Line | Code | 2023 | 2024 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €304,434 | €288,604 | -€15,830 | -5.2% |
| Fixed assets | 21/28 | €185,000 | €185,000 | = | 0.0% |
| Financial fixed assets | 28 | €185,000 | €185,000 | = | 0.0% |
| Current assets | 29/58 | €119,434 | €103,604 | -€15,830 | -13.3% |
| Amounts receivable within one year | 40/41 | €119,347 | €97,210 | -€22,137 | -18.5% |
| Trade receivables | 40 | €114,000 | €90,712 | -€23,288 | -20.4% |
| Other amounts receivable | 41 | €5,347 | €6,498 | +€1,151 | +21.5% |
| Cash at bank and in hand | 54/58 | €86 | €1,894 | +€1,807 | +2,093% |
| Deferred charges and accrued income | 490/1 | - | €4,500 | +€4,500 | |
| Total equity and liabilities | 10/49 | €304,434 | €288,604 | -€15,830 | -5.2% |
| Equity | 10/15 | €93,836 | €99,701 | +€5,865 | +6.3% |
| Contributions | 10/11 | €25,000 | €25,000 | = | 0.0% |
| Contributions outside capital | 11 | €25,000 | - | -€25,000 | |
| Other | 1109/19 | €25,000 | - | -€25,000 | |
| Reserves | 13 | €68,836 | €74,701 | +€5,865 | +8.5% |
| Distributable reserves | 133 | €68,836 | €74,701 | +€5,865 | +8.5% |
| Amounts payable | 17/49 | €210,598 | €188,903 | -€21,695 | -10.3% |
| Amounts payable after more than one year | 17 | €12,519 | €0 | -€12,519 | -100% |
| Financial debts | 170/4 | €12,519 | €0 | -€12,519 | -100% |
| Amounts payable within one year | 42/48 | €198,079 | €188,903 | -€9,176 | -4.6% |
| Current portion of amounts payable after more than one year | 42 | €33,054 | €12,519 | -€20,535 | -62.1% |
| Trade debts | 44 | €29,334 | €38,937 | +€9,603 | +32.7% |
| Suppliers | 440/4 | €29,334 | €38,937 | +€9,603 | +32.7% |
| Taxes, remuneration and social security | 45 | €61,251 | €51,214 | -€10,037 | -16.4% |
| Taxes | 450/3 | €43,573 | €35,172 | -€8,401 | -19.3% |
| Remuneration and social security | 454/9 | €17,678 | €16,043 | -€1,636 | -9.3% |
| Other amounts payable | 47/48 | €74,440 | €86,232 | +€11,793 | +15.8% |
| Remuneration, social security and pensions | 62 | €88,783 | €31,134 | -€57,648 | -64.9% |
| Other operating charges | 640/8 | €4,501 | €10,979 | +€6,478 | +144% |
| Gross operating margin | 9900 | €113,599 | €57,053 | -€56,546 | -49.8% |
| Operating profit (loss) | 9901 | €20,315 | €14,940 | -€5,375 | -26.5% |
| Financial income | 75/76B | - | €182 | +€182 | |
| Recurring financial income | 75 | - | €182 | +€182 | |
| Financial charges | 65/66B | €8,520 | €3,233 | -€5,287 | -62.1% |
| Recurring financial charges | 65 | €8,520 | €3,233 | -€5,287 | -62.1% |
| Profit (loss) for the period before taxes | 9903 | €11,795 | €11,889 | +€94 | +0.8% |
| Income taxes | 67/77 | €2,518 | €6,024 | +€3,506 | +139% |
| Profit (loss) for the period | 9904 | €9,277 | €5,865 | -€3,412 | -36.8% |
| Profit (loss) for the period to be appropriated | 9905 | €9,277 | €5,865 | -€3,412 | -36.8% |
Source: filed annual accounts (NBB), financial years ended 31 December 2023 and 31 December 2024. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 31 October 2026 via checked.be.