H-FOOD: what changed
What changed
H-FOOD
NACE 47.110, Non-specialised retail sale with food, beverages or tobacco predominating
filed annual accounts (NBB)
Net result for the year
€1,809
2024 · €2,310-€501
Equity
€193,450
2024 · €183,364+€10,086
Cash
€294,398
2024 · €232,436+€61,962
Balance sheet total
€1.4m
2024 · €1.3m+€84,635
Largest movements
Assets
- Receivables within one year +€251,657
up €251,657 (+155%), from €162,683 to €414,340
of which Trade receivables: +€248,858
- Stocks and contracts -€213,434
down €213,434 (-23.7%), from €901,025 to €687,591
- Cash +€61,962
up €61,962 (+26.7%), from €232,436 to €294,398
mainly Other debts (+€502,256) and Stocks and contracts (+€213,434)
- Tangible fixed assets -€14,075
down €14,075 (-65.5%), from €21,474 to €7,399
of which Furniture and vehicles: -€8,056
Equity and liabilities
- Other debts +€502,256
up €502,256 (+134%), from €373,606 to €875,862
- Trade debts -€430,525
down €430,525 (-66.8%), from €644,870 to €214,345
Income statement
- Gross operating margin +€171,032
up €171,032 (+97.1%), from €176,135 to €347,167
- Staff costs +€151,645
up €151,645 (+121%), from €125,451 to €277,096
- Taxes +€17,845
up €17,845 (+551%), from €3,236 to €21,080
- Financial income +€4,481
up €4,481, from €0 to €4,481
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.
Result 2024
€2,310
Gross operating margin
+€171,032
Staff costs
-€151,645
Depreciation
+€2,176
Other operating charges
-€1,099
Other operating items
-€5,359
Financial income
+€4,481
Financial charges
-€2,243
Taxes
-€17,845
Result 2025
€1,809
raises the resultlowers the resultnot broken down further in the accounts
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.
From operations
+€53,685
Investment
€0
Financing
+€8,277
Cash 2024
€232,436
From operations (derived)
+€53,685
Net result for the year
+€1,809
Depreciation
+€14,075
Stocks and contracts
+€213,434
Receivables within one year
-€251,657
Deferred charges and accrued income
+€1,475
Trade debts
-€430,525
Tax, wage and social debts
+€2,819
Other debts
+€502,256
Financing
+€8,277
Contributions, distributions and other
+€8,277
Cash 2025
€294,398
brings cash intakes cash out
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €1,319,093 | €1,403,728 | +€84,635 | +6.4% |
| Fixed assets | 21/28 | €21,474 | €7,399 | -€14,075 | -65.5% |
| Tangible fixed assets | 22/27 | €21,474 | €7,399 | -€14,075 | -65.5% |
| Plant, machinery and equipment | 23 | €7,287 | €1,268 | -€6,020 | -82.6% |
| Furniture and vehicles | 24 | €14,187 | €6,131 | -€8,056 | -56.8% |
| Current assets | 29/58 | €1,297,619 | €1,396,329 | +€98,711 | +7.6% |
| Stocks and contracts in progress | 3 | €901,025 | €687,591 | -€213,434 | -23.7% |
| Stocks | 30/36 | €901,025 | €687,591 | -€213,434 | -23.7% |
| Amounts receivable within one year | 40/41 | €162,683 | €414,340 | +€251,657 | +155% |
| Trade receivables | 40 | €134,667 | €383,525 | +€248,858 | +185% |
| Other amounts receivable | 41 | €28,016 | €30,815 | +€2,799 | +10.0% |
| Cash at bank and in hand | 54/58 | €232,436 | €294,398 | +€61,962 | +26.7% |
| Deferred charges and accrued income | 490/1 | €1,475 | - | -€1,475 | |
| Total equity and liabilities | 10/49 | €1,319,093 | €1,403,728 | +€84,635 | +6.4% |
| Equity | 10/15 | €183,364 | €193,450 | +€10,086 | +5.5% |
| Contributions | 10/11 | €12,400 | €12,400 | = | 0.0% |
| Reserves | 13 | €1,860 | €1,860 | = | 0.0% |
| Non-distributable reserves | 130/1 | €0 | - | = | |
| Reserves not available under the articles | 1311 | €0 | - | = | |
| Distributable reserves | 133 | €1,860 | €1,860 | = | 0.0% |
| Profit (loss) carried forward | 14 | €169,104 | €179,190 | +€10,086 | +6.0% |
| Amounts payable | 17/49 | €1,135,729 | €1,210,278 | +€74,550 | +6.6% |
| Amounts payable within one year | 42/48 | €1,135,729 | €1,210,278 | +€74,550 | +6.6% |
| Trade debts | 44 | €644,870 | €214,345 | -€430,525 | -66.8% |
| Suppliers | 440/4 | €644,870 | €214,345 | -€430,525 | -66.8% |
| Taxes, remuneration and social security | 45 | €117,253 | €120,071 | +€2,819 | +2.4% |
| Taxes | 450/3 | €80,238 | €59,896 | -€20,341 | -25.4% |
| Remuneration and social security | 454/9 | €37,015 | €60,175 | +€23,160 | +62.6% |
| Other amounts payable | 47/48 | €373,606 | €875,862 | +€502,256 | +134% |
| Accrued charges and deferred income | 492/3 | €0 | - | = | |
| Remuneration, social security and pensions | 62 | €125,451 | €277,096 | +€151,645 | +121% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €16,251 | €14,075 | -€2,176 | -13.4% |
| Other operating charges | 640/8 | €13,518 | €14,617 | +€1,099 | +8.1% |
| Non-recurring operating charges | 66A | €145 | €5,504 | +€5,359 | +3,696% |
| Gross operating margin | 9900 | €176,135 | €347,167 | +€171,032 | +97.1% |
| Operating profit (loss) | 9901 | €20,770 | €35,876 | +€15,106 | +72.7% |
| Financial income | 75/76B | €0 | €4,481 | +€4,481 | |
| Recurring financial income | 75 | €0 | €4,481 | +€4,481 | |
| Financial charges | 65/66B | €15,224 | €17,467 | +€2,243 | +14.7% |
| Recurring financial charges | 65 | €15,224 | €17,467 | +€2,243 | +14.7% |
| Profit (loss) for the period before taxes | 9903 | €5,546 | €22,889 | +€17,344 | +313% |
| Income taxes | 67/77 | €3,236 | €21,080 | +€17,845 | +551% |
| Profit (loss) for the period | 9904 | €2,310 | €1,809 | -€501 | -21.7% |
| Profit (loss) for the period to be appropriated | 9905 | €2,310 | €1,809 | -€501 | -21.7% |
Next steps
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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 4 November 2026 via checked.be.