Horeca Business Solutions: what changed
Horeca Business Solutions
Largest movements
- Receivables within one year +€8,652
up €8,652 (+191%), from €4,538 to €13,189
of which Trade receivables: +€8,652
- Deferred charges and accrued income +€782
up €782 (+56.8%), from €1,378 to €2,161
- Cash -€408
down €408 (-7.4%), from €5,486 to €5,078
mainly Receivables within one year (-€8,652) and Deferred charges and accrued income (-€782)
- Tangible fixed assets -€402
down €402 (-70.6%), from €569 to €167
- Formation expenses -€250
down €250 (-28.6%), from €873 to €623
- Other debts +€5,037
up €5,037 (+70.0%), from €7,196 to €12,233
- Trade debts +€2,089
up €2,089 (+603%), from €347 to €2,435
- Profit (loss) carried forward +€1,730
up €1,730 (+203%), from €851 to €2,581
- Tax, wage and social debts -€482
down €482 (-19.7%), from €2,450 to €1,968
of which Remuneration and social security: -€480
- Gross operating margin -€4,656
down €4,656 (-37.5%), from €12,405 to €7,749
- Taxes +€1,106
up €1,106 (+108%), from €1,023 to €2,129
- Staff costs +€567
new in 2025: €567
- Financial charges -€441
down €441 (-20.0%), from €2,209 to €1,768
- Other operating charges +€174
up €174 (+23.7%), from €735 to €909
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 | €12,844 | €21,218 | +€8,374 | +65.2% |
| Formation expenses | 20 | €873 | €623 | -€250 | -28.6% |
| Fixed assets | 21/28 | €569 | €167 | -€402 | -70.6% |
| Tangible fixed assets | 22/27 | €569 | €167 | -€402 | -70.6% |
| Furniture and vehicles | 24 | €569 | €167 | -€402 | -70.6% |
| Current assets | 29/58 | €11,402 | €20,428 | +€9,026 | +79.2% |
| Amounts receivable within one year | 40/41 | €4,538 | €13,189 | +€8,652 | +191% |
| Trade receivables | 40 | €4,538 | €13,189 | +€8,652 | +191% |
| Other amounts receivable | 41 | €0 | - | = | |
| Cash at bank and in hand | 54/58 | €5,486 | €5,078 | -€408 | -7.4% |
| Deferred charges and accrued income | 490/1 | €1,378 | €2,161 | +€782 | +56.8% |
| Total equity and liabilities | 10/49 | €12,844 | €21,218 | +€8,374 | +65.2% |
| Equity | 10/15 | €2,851 | €4,581 | +€1,730 | +60.7% |
| Contributions | 10/11 | €2,000 | €2,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | €851 | €2,581 | +€1,730 | +203% |
| Amounts payable | 17/49 | €9,993 | €16,637 | +€6,644 | +66.5% |
| Amounts payable within one year | 42/48 | €9,993 | €16,637 | +€6,644 | +66.5% |
| Trade debts | 44 | €347 | €2,435 | +€2,089 | +603% |
| Suppliers | 440/4 | €347 | €2,435 | +€2,089 | +603% |
| Taxes, remuneration and social security | 45 | €2,450 | €1,968 | -€482 | -19.7% |
| Taxes | 450/3 | €1,970 | €1,968 | -€2 | -0.1% |
| Remuneration and social security | 454/9 | €480 | €0 | -€480 | -100% |
| Other amounts payable | 47/48 | €7,196 | €12,233 | +€5,037 | +70.0% |
| Accrued charges and deferred income | 492/3 | €0 | €0 | -€0 | -94.1% |
| Remuneration, social security and pensions | 62 | - | €567 | +€567 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €652 | €652 | = | 0.0% |
| Other operating charges | 640/8 | €735 | €909 | +€174 | +23.7% |
| Gross operating margin | 9900 | €12,405 | €7,749 | -€4,656 | -37.5% |
| Operating profit (loss) | 9901 | €11,019 | €5,622 | -€5,397 | -49.0% |
| Financial income | 75/76B | €10 | €5 | -€5 | -49.5% |
| Recurring financial income | 75 | €10 | €5 | -€5 | -49.5% |
| Financial charges | 65/66B | €2,209 | €1,768 | -€441 | -20.0% |
| Recurring financial charges | 65 | €2,209 | €1,768 | -€441 | -20.0% |
| Profit (loss) for the period before taxes | 9903 | €8,820 | €3,859 | -€4,960 | -56.2% |
| Income taxes | 67/77 | €1,023 | €2,129 | +€1,106 | +108% |
| Profit (loss) for the period | 9904 | €7,797 | €1,730 | -€6,067 | -77.8% |
| Profit (loss) for the period to be appropriated | 9905 | €7,797 | €1,730 | -€6,067 | -77.8% |
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.