FZ HORECA: what changed
Two fiscal 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.
FZ HORECA
Largest movements
- Cash -€16,464
down €16,464 (-79.8%), from €20,627 to €4,163
mainly Tax, wage and social debts (-€9,950) and Trade debts (-€6,611)
- Tangible fixed assets -€5,000
down €5,000 (-30.8%), from €16,233 to €11,233
- Stocks and contracts -€1,900
down €1,900 (-100.0%), from €1,900 to €0
- Deferred charges and accrued income -€934
down €934 (-100.0%), from €934 to €0
- Tax, wage and social debts -€9,950
down €9,950 (-81.3%), from €12,245 to €2,295
of which Remuneration and social security: -€9,950
- Trade debts -€6,611
down €6,611 (-90.7%), from €7,288 to €677
- Profit (loss) carried forward -€6,006
down €6,006 (-89.8%), from -€6,686 to -€12,692
- Debts after one year -€1,976
down €1,976 (-8.5%), from €23,333 to €21,357
- Gross operating margin -€82,216
down €82,216 (-73.6%), from €111,752 to €29,536
- Staff costs -€73,611
down €73,611 (-70.9%), from €103,887 to €30,276
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.
Cash bridge derived
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 | €40,180 | €15,644 | -€24,536 | -61.1% |
| Fixed assets | 21/28 | €16,233 | €11,233 | -€5,000 | -30.8% |
| Tangible fixed assets | 22/27 | €16,233 | €11,233 | -€5,000 | -30.8% |
| Other tangible fixed assets | 26 | €16,233 | €11,233 | -€5,000 | -30.8% |
| Current assets | 29/58 | €23,947 | €4,411 | -€19,536 | -81.6% |
| Stocks and contracts in progress | 3 | €1,900 | €0 | -€1,900 | -100.0% |
| Stocks | 30/36 | €1,900 | €0 | -€1,900 | -100.0% |
| Amounts receivable within one year | 40/41 | €486 | €248 | -€238 | -48.9% |
| Trade receivables | 40 | €214 | €0 | -€214 | -100.0% |
| Other amounts receivable | 41 | €272 | €248 | -€24 | -8.7% |
| Cash at bank and in hand | 54/58 | €20,627 | €4,163 | -€16,464 | -79.8% |
| Deferred charges and accrued income | 490/1 | €934 | €0 | -€934 | -100.0% |
| Total equity and liabilities | 10/49 | €40,180 | €15,644 | -€24,536 | -61.1% |
| Equity | 10/15 | -€2,686 | -€8,692 | -€6,006 | -223.6% |
| Contributions | 10/11 | €4,000 | €4,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€6,686 | -€12,692 | -€6,006 | -89.8% |
| Amounts payable | 17/49 | €42,866 | €24,336 | -€18,530 | -43.2% |
| Amounts payable after more than one year | 17 | €23,333 | €21,357 | -€1,976 | -8.5% |
| Other amounts payable | 178/9 | €23,333 | €21,357 | -€1,976 | -8.5% |
| Amounts payable within one year | 42/48 | €19,533 | €2,979 | -€16,554 | -84.7% |
| Financial debts | 43 | €0 | €7 | +€7 | |
| Credit institutions | 430/8 | €0 | €7 | +€7 | |
| Trade debts | 44 | €7,288 | €677 | -€6,611 | -90.7% |
| Suppliers | 440/4 | €7,288 | €677 | -€6,611 | -90.7% |
| Taxes, remuneration and social security | 45 | €12,245 | €2,295 | -€9,950 | -81.3% |
| Taxes | 450/3 | €0 | - | = | |
| Remuneration and social security | 454/9 | €12,245 | €2,295 | -€9,950 | -81.3% |
| Remuneration, social security and pensions | 62 | €103,887 | €30,276 | -€73,611 | -70.9% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €5,000 | €5,000 | = | 0.0% |
| Other operating charges | 640/8 | €0 | €218 | +€218 | |
| Gross operating margin | 9900 | €111,752 | €29,536 | -€82,216 | -73.6% |
| Operating profit (loss) | 9901 | €2,865 | -€5,957 | -€8,822 | |
| Financial income | 75/76B | €52 | €47 | -€5 | -8.7% |
| Recurring financial income | 75 | €52 | €47 | -€5 | -8.7% |
| Financial charges | 65/66B | €176 | €96 | -€80 | -45.5% |
| Recurring financial charges | 65 | €176 | €96 | -€80 | -45.5% |
| Profit (loss) for the period before taxes | 9903 | €2,741 | -€6,006 | -€8,747 | |
| Profit (loss) for the period | 9904 | €2,741 | -€6,006 | -€8,747 | |
| Profit (loss) for the period to be appropriated | 9905 | €2,741 | -€6,006 | -€8,747 |
Source: filed annual accounts (NBB), fiscal years ended 31 December 2024 and 31 December 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 4 October 2026 via checked.be.