HORECA 92: 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.
HORECA 92
Largest movements
- Receivables within one year +€2,681
up €2,681 (+19.3%), from €13,881 to €16,562
of which Other amounts receivable: +€3,805
- Tangible fixed assets -€816
down €816 (-30.3%), from €2,690 to €1,874
- Profit (loss) carried forward +€9,316
up €9,316 (+38.5%), from -€24,217 to -€14,901
- Short-term financial debts -€5,917
down €5,917 (-33.8%), from €17,525 to €11,608
- Trade debts -€1,124
down €1,124 (-46.3%), from €2,426 to €1,302
- Accrued charges and deferred income -€548
no longer reported in 2025 (was €548)
- Tax, wage and social debts +€536
up €536 (+76.9%), from €697 to €1,233
- Gross operating margin +€6,538
up €6,538 (+94.2%), from €6,940 to €13,478
- Financial charges -€2,512
down €2,512 (-65.4%), from €3,841 to €1,329
- Other operating charges +€1,060
up €1,060 (+252%), from €421 to €1,481
- Taxes -€385
down €385 (-41.8%), from €921 to €536
- Depreciation +€241
up €241 (+41.9%), from €576 to €816
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
Cash or the result is not a separate line in both sets of accounts; the cash flow cannot be derived from them.
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €17,915 | €19,701 | +€1,785 | +10.0% |
| Fixed assets | 21/28 | €2,992 | €2,176 | -€816 | -27.3% |
| Tangible fixed assets | 22/27 | €2,690 | €1,874 | -€816 | -30.3% |
| Furniture and vehicles | 24 | €2,690 | €1,874 | -€816 | -30.3% |
| Financial fixed assets | 28 | €302 | €302 | = | 0.0% |
| Current assets | 29/58 | €14,924 | €17,525 | +€2,602 | +17.4% |
| Amounts receivable within one year | 40/41 | €13,881 | €16,562 | +€2,681 | +19.3% |
| Trade receivables | 40 | €13,008 | €11,884 | -€1,124 | -8.6% |
| Other amounts receivable | 41 | €873 | €4,678 | +€3,805 | +436% |
| Deferred charges and accrued income | 490/1 | €1,043 | €963 | -€80 | -7.6% |
| Total equity and liabilities | 10/49 | €17,915 | €19,701 | +€1,785 | +10.0% |
| Equity | 10/15 | -€3,757 | €5,559 | +€9,316 | |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €1,860 | €1,860 | = | 0.0% |
| Non-distributable reserves | 130/1 | €1,860 | €1,860 | = | 0.0% |
| Reserves not available under the articles | 1311 | €1,860 | €1,860 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€24,217 | -€14,901 | +€9,316 | +38.5% |
| Amounts payable | 17/49 | €21,673 | €14,142 | -€7,531 | -34.7% |
| Amounts payable within one year | 42/48 | €21,125 | €14,142 | -€6,983 | -33.1% |
| Financial debts | 43 | €17,525 | €11,608 | -€5,917 | -33.8% |
| Credit institutions | 430/8 | €17,525 | €11,608 | -€5,917 | -33.8% |
| Trade debts | 44 | €2,426 | €1,302 | -€1,124 | -46.3% |
| Suppliers | 440/4 | €2,426 | €1,302 | -€1,124 | -46.3% |
| Taxes, remuneration and social security | 45 | €697 | €1,233 | +€536 | +76.9% |
| Taxes | 450/3 | €697 | €1,233 | +€536 | +76.9% |
| Other amounts payable | 47/48 | €478 | - | -€478 | |
| Accrued charges and deferred income | 492/3 | €548 | - | -€548 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €576 | €816 | +€241 | +41.9% |
| Other operating charges | 640/8 | €421 | €1,481 | +€1,060 | +252% |
| Gross operating margin | 9900 | €6,940 | €13,478 | +€6,538 | +94.2% |
| Operating profit (loss) | 9901 | €5,944 | €11,181 | +€5,237 | +88.1% |
| Financial income | 75/76B | - | €0 | +€0 | |
| Recurring financial income | 75 | - | €0 | +€0 | |
| Financial charges | 65/66B | €3,841 | €1,329 | -€2,512 | -65.4% |
| Recurring financial charges | 65 | €3,841 | €1,329 | -€2,512 | -65.4% |
| Profit (loss) for the period before taxes | 9903 | €2,103 | €9,852 | +€7,749 | +369% |
| Income taxes | 67/77 | €921 | €536 | -€385 | -41.8% |
| Profit (loss) for the period | 9904 | €1,182 | €9,316 | +€8,134 | +688% |
| Profit (loss) for the period to be appropriated | 9905 | €1,182 | €9,316 | +€8,134 | +688% |
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 25 October 2026 via checked.be.