HIFA 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.
HIFA Horeca
Largest movements
- Tangible fixed assets +€3,141
up €3,141 (+3,208%), from €98 to €3,239
- Stocks and contracts +€1,034
up €1,034 (+26.0%), from €3,981 to €5,014
- Receivables within one year -€995
down €995 (-95.0%), from €1,047 to €52
- Deferred charges and accrued income -€970
no longer reported in 2025 (was €970)
- Cash +€368
up €368 (+118%), from €313 to €681
mainly Other debts (+€7,536) and Trade debts (+€1,896)
- Other debts +€7,536
up €7,536 (+24.6%), from €30,586 to €38,122
- Profit (loss) carried forward -€6,855
down €6,855 (-24.2%), from -€28,380 to -€35,234
- Trade debts +€1,896
up €1,896 (+111%), from €1,702 to €3,599
- Gross operating margin +€2,274
up €2,274 (+29.8%), from -€7,628 to -€5,354
- Depreciation +€780
up €780 (+472%), from €165 to €945
- Other operating charges +€119
up €119 (+36.3%), from €328 to €447
- Financial charges -€79
down €79 (-42.2%), from €188 to €109
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 | €6,408 | €8,987 | +€2,578 | +40.2% |
| Fixed assets | 21/28 | €98 | €3,239 | +€3,141 | +3,208% |
| Tangible fixed assets | 22/27 | €98 | €3,239 | +€3,141 | +3,208% |
| Furniture and vehicles | 24 | €98 | €3,239 | +€3,141 | +3,208% |
| Current assets | 29/58 | €6,310 | €5,748 | -€563 | -8.9% |
| Stocks and contracts in progress | 3 | €3,981 | €5,014 | +€1,034 | +26.0% |
| Stocks | 30/36 | €3,981 | €5,014 | +€1,034 | +26.0% |
| Amounts receivable within one year | 40/41 | €1,047 | €52 | -€995 | -95.0% |
| Other amounts receivable | 41 | €1,047 | €52 | -€995 | -95.0% |
| Cash at bank and in hand | 54/58 | €313 | €681 | +€368 | +118% |
| Deferred charges and accrued income | 490/1 | €970 | - | -€970 | |
| Total equity and liabilities | 10/49 | €6,408 | €8,987 | +€2,578 | +40.2% |
| Equity | 10/15 | -€25,880 | -€32,734 | -€6,855 | -26.5% |
| Contributions | 10/11 | €2,500 | €2,500 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€28,380 | -€35,234 | -€6,855 | -24.2% |
| Amounts payable | 17/49 | €32,288 | €41,721 | +€9,433 | +29.2% |
| Amounts payable within one year | 42/48 | €32,288 | €41,721 | +€9,433 | +29.2% |
| Trade debts | 44 | €1,702 | €3,599 | +€1,896 | +111% |
| Suppliers | 440/4 | €1,702 | €3,599 | +€1,896 | +111% |
| Other amounts payable | 47/48 | €30,586 | €38,122 | +€7,536 | +24.6% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €165 | €945 | +€780 | +472% |
| Other operating charges | 640/8 | €328 | €447 | +€119 | +36.3% |
| Gross operating margin | 9900 | -€7,628 | -€5,354 | +€2,274 | +29.8% |
| Operating profit (loss) | 9901 | -€8,121 | -€6,746 | +€1,375 | +16.9% |
| Financial charges | 65/66B | €188 | €109 | -€79 | -42.2% |
| Recurring financial charges | 65 | €188 | €109 | -€79 | -42.2% |
| Profit (loss) for the period before taxes | 9903 | -€8,309 | -€6,855 | +€1,455 | +17.5% |
| Profit (loss) for the period | 9904 | -€8,309 | -€6,855 | +€1,455 | +17.5% |
| Profit (loss) for the period to be appropriated | 9905 | -€8,309 | -€6,855 | +€1,455 | +17.5% |
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 14 October 2026 via checked.be.