GROUP HORECA BELGIUM: what changed
GROUP HORECA BELGIUM
Largest movements
- Receivables within one year +€94,577
up €94,577 (+138%), from €68,468 to €163,044
of which Trade receivables: +€99,577
- Stocks and contracts -€10,513
down €10,513 (-93.4%), from €11,256 to €744
- Cash -€5,304
down €5,304 (-95.6%), from €5,549 to €245
mainly Receivables within one year (-€94,577) and Other debts (-€27,255)
- Profit (loss) carried forward +€62,985
up €62,985 (+366%), from €17,211 to €80,195
- Other debts -€27,255
down €27,255 (-89.5%), from €30,454 to €3,199
- Tax, wage and social debts +€25,165
up €25,165 (+252%), from €9,979 to €35,144
of which Taxes: +€21,447
- Advances received +€10,300
new in 2025: €10,300
- Trade debts +€8,466
up €8,466 (+38.4%), from €22,019 to €30,485
- Gross operating margin +€52,232
up €52,232 (+160%), from €32,684 to €84,916
- Staff costs +€24,529
up €24,529 (+495%), from €4,958 to €29,487
- Taxes +€5,754
up €5,754 (+101%), from €5,723 to €11,477
- Other operating charges -€4,519
down €4,519 (-98.9%), from €4,569 to €50
Change in the result, 2024 to 2025
For each income-statement line you see the change as its effect on the result. Higher costs lower the result, higher income raises it.
Derived cash bridge
The bridge is derived from the 2024 and 2025 balance sheets and the 2025 result. There is no filed cash-flow statement. You see where the money came from and where it went.
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €85,563 | €164,323 | +€78,760 | +92.0% |
| Current assets | 29/58 | €85,563 | €164,323 | +€78,760 | +92.0% |
| Stocks and contracts in progress | 3 | €11,256 | €744 | -€10,513 | -93.4% |
| Stocks | 30/36 | €11,256 | €744 | -€10,513 | -93.4% |
| Amounts receivable within one year | 40/41 | €68,468 | €163,044 | +€94,577 | +138% |
| Trade receivables | 40 | €63,468 | €163,044 | +€99,577 | +157% |
| Other amounts receivable | 41 | €5,000 | - | -€5,000 | |
| Cash at bank and in hand | 54/58 | €5,549 | €245 | -€5,304 | -95.6% |
| Deferred charges and accrued income | 490/1 | €290 | €290 | = | 0.0% |
| Total equity and liabilities | 10/49 | €85,563 | €164,323 | +€78,760 | +92.0% |
| Equity | 10/15 | €22,211 | €85,195 | +€62,985 | +284% |
| Contributions | 10/11 | €5,000 | €5,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | €17,211 | €80,195 | +€62,985 | +366% |
| Amounts payable | 17/49 | €63,352 | €79,127 | +€15,775 | +24.9% |
| Amounts payable within one year | 42/48 | €62,452 | €79,127 | +€16,675 | +26.7% |
| Trade debts | 44 | €22,019 | €30,485 | +€8,466 | +38.4% |
| Suppliers | 440/4 | €22,019 | €30,485 | +€8,466 | +38.4% |
| Advances received on contracts in progress | 46 | - | €10,300 | +€10,300 | |
| Taxes, remuneration and social security | 45 | €9,979 | €35,144 | +€25,165 | +252% |
| Taxes | 450/3 | €7,571 | €29,018 | +€21,447 | +283% |
| Remuneration and social security | 454/9 | €2,408 | €6,125 | +€3,718 | +154% |
| Other amounts payable | 47/48 | €30,454 | €3,199 | -€27,255 | -89.5% |
| Accrued charges and deferred income | 492/3 | €900 | - | -€900 | |
| Remuneration, social security and pensions | 62 | €4,958 | €29,487 | +€24,529 | +495% |
| Other operating charges | 640/8 | €4,569 | €50 | -€4,519 | -98.9% |
| Gross operating margin | 9900 | €32,684 | €84,916 | +€52,232 | +160% |
| Operating profit (loss) | 9901 | €23,158 | €55,379 | +€32,221 | +139% |
| Financial income | 75/76B | €39 | €410 | +€370 | +944% |
| Recurring financial income | 75 | €39 | €410 | +€370 | +944% |
| Financial charges | 65/66B | €263 | €527 | +€264 | +100% |
| Recurring financial charges | 65 | €263 | €527 | +€264 | +100% |
| Profit (loss) for the period before taxes | 9903 | €22,934 | €55,261 | +€32,328 | +141% |
| Income taxes | 67/77 | €5,723 | €11,477 | +€5,754 | +101% |
| Profit (loss) for the period | 9904 | €17,211 | €43,785 | +€26,574 | +154% |
| Profit (loss) for the period to be appropriated | 9905 | €17,211 | €43,785 | +€26,574 | +154% |
Next steps
Calculation and sources
Source: filed annual accounts (NBB), financial years ended 31 December 2024 and 31 December 2025. Green is a favourable move for that line, red an unfavourable one. Prepared on 2 November 2026 via checked.be.