FBT 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.
FBT HORECA
Largest movements
- Receivables within one year +€48,102
up €48,102 (+120%), from €40,091 to €88,193
of which Other amounts receivable: +€47,703
- Cash -€37,003
down €37,003 (-74.3%), from €49,800 to €12,798
mainly Investment in fixed assets (net) (-€56,680) and Receivables within one year (-€48,102)
- Tangible fixed assets +€21,699
up €21,699 (+12.5%), from €173,347 to €195,045
of which Land and buildings: +€19,676
- Trade debts +€42,668
up €42,668 (+469%), from €9,093 to €51,761
- Debts after one year -€29,637
down €29,637 (-27.8%), from €106,741 to €77,103
- Other debts +€20,585
new in 2025: €20,585
- Accrued charges and deferred income +€15,000
new in 2025: €15,000
- Tax, wage and social debts -€10,284
down €10,284 (-52.0%), from €19,769 to €9,485
of which Remuneration and social security: -€6,961
- Other operating charges -€7,229
down €7,229 (-59.0%), from €12,246 to €5,017
- Financial charges -€7,075
down €7,075 (-52.0%), from €13,599 to €6,524
- Gross operating margin -€6,686
down €6,686 (-3.7%), from €181,759 to €175,073
- Write-downs +€4,948
new in 2025: €4,948
- Staff costs +€4,223
up €4,223 (+3.4%), from €123,042 to €127,265
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 | €268,986 | €302,746 | +€33,760 | +12.6% |
| Fixed assets | 21/28 | €173,522 | €195,220 | +€21,699 | +12.5% |
| Tangible fixed assets | 22/27 | €173,347 | €195,045 | +€21,699 | +12.5% |
| Land and buildings | 22 | - | €19,676 | +€19,676 | |
| Plant, machinery and equipment | 23 | €60,510 | €50,449 | -€10,061 | -16.6% |
| Furniture and vehicles | 24 | €19,708 | €15,705 | -€4,002 | -20.3% |
| Other tangible fixed assets | 26 | €93,129 | €109,215 | +€16,086 | +17.3% |
| Financial fixed assets | 28 | €175 | €175 | = | 0.0% |
| Current assets | 29/58 | €95,464 | €107,525 | +€12,061 | +12.6% |
| Stocks and contracts in progress | 3 | €5,030 | €6,121 | +€1,090 | +21.7% |
| Stocks | 30/36 | €5,030 | €6,121 | +€1,090 | +21.7% |
| Amounts receivable within one year | 40/41 | €40,091 | €88,193 | +€48,102 | +120% |
| Trade receivables | 40 | €29,302 | €29,701 | +€399 | +1.4% |
| Other amounts receivable | 41 | €10,789 | €58,491 | +€47,703 | +442% |
| Cash at bank and in hand | 54/58 | €49,800 | €12,798 | -€37,003 | -74.3% |
| Deferred charges and accrued income | 490/1 | €543 | €414 | -€129 | -23.7% |
| Total equity and liabilities | 10/49 | €268,986 | €302,746 | +€33,760 | +12.6% |
| Equity | 10/15 | €100,190 | €95,070 | -€5,120 | -5.1% |
| Contributions | 10/11 | €6,200 | €6,200 | = | 0.0% |
| Reserves | 13 | €80 | €80 | = | 0.0% |
| Non-distributable reserves | 130/1 | €80 | €80 | = | 0.0% |
| Reserves not available under the articles | 1311 | €80 | €80 | = | 0.0% |
| Profit (loss) carried forward | 14 | €93,910 | €88,789 | -€5,120 | -5.5% |
| Amounts payable | 17/49 | €168,796 | €207,676 | +€38,880 | +23.0% |
| Amounts payable after more than one year | 17 | €106,741 | €77,103 | -€29,637 | -27.8% |
| Financial debts | 170/4 | €106,741 | €77,103 | -€29,637 | -27.8% |
| Amounts payable within one year | 42/48 | €62,056 | €115,573 | +€53,518 | +86.2% |
| Current portion of amounts payable after more than one year | 42 | €33,193 | €33,742 | +€548 | +1.7% |
| Trade debts | 44 | €9,093 | €51,761 | +€42,668 | +469% |
| Suppliers | 440/4 | €9,093 | €51,761 | +€42,668 | +469% |
| Taxes, remuneration and social security | 45 | €19,769 | €9,485 | -€10,284 | -52.0% |
| Taxes | 450/3 | €7,220 | €3,897 | -€3,323 | -46.0% |
| Remuneration and social security | 454/9 | €12,549 | €5,588 | -€6,961 | -55.5% |
| Other amounts payable | 47/48 | - | €20,585 | +€20,585 | |
| Accrued charges and deferred income | 492/3 | - | €15,000 | +€15,000 | |
| Remuneration, social security and pensions | 62 | €123,042 | €127,265 | +€4,223 | +3.4% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €32,697 | €34,981 | +€2,284 | +7.0% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | - | €4,948 | +€4,948 | |
| Other operating charges | 640/8 | €12,246 | €5,017 | -€7,229 | -59.0% |
| Gross operating margin | 9900 | €181,759 | €175,073 | -€6,686 | -3.7% |
| Operating profit (loss) | 9901 | €13,774 | €2,861 | -€10,912 | -79.2% |
| Financial income | 75/76B | €312 | €564 | +€252 | +80.8% |
| Recurring financial income | 75 | €312 | €564 | +€252 | +80.8% |
| Financial charges | 65/66B | €13,599 | €6,524 | -€7,075 | -52.0% |
| Recurring financial charges | 65 | €13,599 | €6,524 | -€7,075 | -52.0% |
| Profit (loss) for the period before taxes | 9903 | €487 | -€3,098 | -€3,585 | |
| Income taxes | 67/77 | €726 | €2,070 | +€1,344 | +185% |
| Profit (loss) for the period | 9904 | -€240 | -€5,169 | -€4,929 | -2,058% |
| Profit (loss) for the period to be appropriated | 9905 | -€240 | -€5,169 | -€4,929 | -2,058% |
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 26 October 2026 via checked.be.