Horeca Continental: 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 Continental
Largest movements
- Receivables within one year +€200,300
up €200,300 (+76.8%), from €260,895 to €461,195
of which Other amounts receivable: +€181,148
- Tangible fixed assets +€70,307
up €70,307 (+53.1%), from €132,443 to €202,750
of which Furniture and vehicles: +€76,985
- Cash -€14,265
down €14,265 (-5.5%), from €259,963 to €245,698
mainly Receivables within one year (-€200,300) and Investment in fixed assets (net) (-€144,699)
- Deferred charges and accrued income +€13,052
up €13,052 (+220%), from €5,919 to €18,971
- Stocks and contracts +€10,532
up €10,532 (+77.3%), from €13,618 to €24,150
- Trade debts +€157,476
up €157,476 (+358%), from €43,965 to €201,440
- Other debts +€100,000
up €100,000 (+3,001%), from €3,332 to €103,332
- Reserves +€54,744
up €54,744 (+11.1%), from €492,827 to €547,570
of which Distributable reserves: +€54,744
- Tax, wage and social debts -€18,368
down €18,368 (-21.1%), from €86,899 to €68,531
of which Taxes: -€34,568
- Debts after one year -€10,056
down €10,056 (-33.8%), from €29,755 to €19,699
- Gross operating margin -€117,527
down €117,527 (-19.6%), from €599,977 to €482,450
- Taxes -€86,833
down €86,833 (-74.2%), from €117,031 to €30,199
- Staff costs +€59,079
up €59,079 (+36.3%), from €162,920 to €222,000
- Depreciation +€11,264
up €11,264 (+17.8%), from €63,127 to €74,392
- Financial income +€7,387
up €7,387 (+57.3%), from €12,880 to €20,267
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 | €672,839 | €952,764 | +€279,926 | +41.6% |
| Fixed assets | 21/28 | €132,443 | €202,750 | +€70,307 | +53.1% |
| Tangible fixed assets | 22/27 | €132,443 | €202,750 | +€70,307 | +53.1% |
| Plant, machinery and equipment | 23 | €6,495 | €18,007 | +€11,513 | +177% |
| Furniture and vehicles | 24 | €58,867 | €135,852 | +€76,985 | +131% |
| Other tangible fixed assets | 26 | €67,082 | €48,891 | -€18,191 | -27.1% |
| Financial fixed assets | 28 | €0 | - | = | |
| Current assets | 29/58 | €540,396 | €750,014 | +€209,618 | +38.8% |
| Stocks and contracts in progress | 3 | €13,618 | €24,150 | +€10,532 | +77.3% |
| Stocks | 30/36 | €13,618 | €24,150 | +€10,532 | +77.3% |
| Amounts receivable within one year | 40/41 | €260,895 | €461,195 | +€200,300 | +76.8% |
| Trade receivables | 40 | €12,476 | €31,628 | +€19,152 | +154% |
| Other amounts receivable | 41 | €248,419 | €429,567 | +€181,148 | +72.9% |
| Cash at bank and in hand | 54/58 | €259,963 | €245,698 | -€14,265 | -5.5% |
| Deferred charges and accrued income | 490/1 | €5,919 | €18,971 | +€13,052 | +220% |
| Total equity and liabilities | 10/49 | €672,839 | €952,764 | +€279,926 | +41.6% |
| Equity | 10/15 | €492,827 | €547,570 | +€54,744 | +11.1% |
| Contributions | 10/11 | €0 | - | = | |
| Reserves | 13 | €492,827 | €547,570 | +€54,744 | +11.1% |
| Non-distributable reserves | 130/1 | €0 | - | = | |
| Reserves not available under the articles | 1311 | €0 | - | = | |
| Tax-exempt reserves | 132 | €2,102 | €2,102 | = | 0.0% |
| Distributable reserves | 133 | €490,724 | €545,468 | +€54,744 | +11.2% |
| Profit (loss) carried forward | 14 | €0 | €0 | = | |
| Amounts payable | 17/49 | €180,012 | €405,194 | +€225,182 | +125% |
| Amounts payable after more than one year | 17 | €29,755 | €19,699 | -€10,056 | -33.8% |
| Financial debts | 170/4 | €29,755 | €19,699 | -€10,056 | -33.8% |
| Amounts payable within one year | 42/48 | €143,874 | €385,495 | +€241,621 | +168% |
| Current portion of amounts payable after more than one year | 42 | €9,598 | €10,056 | +€458 | +4.8% |
| Trade debts | 44 | €43,965 | €201,440 | +€157,476 | +358% |
| Suppliers | 440/4 | €43,965 | €201,440 | +€157,476 | +358% |
| Advances received on contracts in progress | 46 | €80 | €2,136 | +€2,056 | +2,570% |
| Taxes, remuneration and social security | 45 | €86,899 | €68,531 | -€18,368 | -21.1% |
| Taxes | 450/3 | €68,036 | €33,469 | -€34,568 | -50.8% |
| Remuneration and social security | 454/9 | €18,862 | €35,062 | +€16,200 | +85.9% |
| Other amounts payable | 47/48 | €3,332 | €103,332 | +€100,000 | +3,001% |
| Accrued charges and deferred income | 492/3 | €6,383 | €0 | -€6,383 | -100% |
| Remuneration, social security and pensions | 62 | €162,920 | €222,000 | +€59,079 | +36.3% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €63,127 | €74,392 | +€11,264 | +17.8% |
| Other operating charges | 640/8 | €6,627 | €7,215 | +€588 | +8.9% |
| Gross operating margin | 9900 | €599,977 | €482,450 | -€117,527 | -19.6% |
| Operating profit (loss) | 9901 | €367,303 | €178,844 | -€188,459 | -51.3% |
| Financial income | 75/76B | €12,880 | €20,267 | +€7,387 | +57.3% |
| Recurring financial income | 75 | €12,880 | €20,267 | +€7,387 | +57.3% |
| Financial charges | 65/66B | €10,049 | €10,836 | +€787 | +7.8% |
| Recurring financial charges | 65 | €10,049 | €10,836 | +€787 | +7.8% |
| Profit (loss) for the period before taxes | 9903 | €370,134 | €188,275 | -€181,859 | -49.1% |
| Income taxes | 67/77 | €117,031 | €30,199 | -€86,833 | -74.2% |
| Profit (loss) for the period | 9904 | €253,103 | €158,076 | -€95,027 | -37.5% |
| Profit (loss) for the period to be appropriated | 9905 | €253,103 | €158,076 | -€95,027 | -37.5% |
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 15 October 2026 via checked.be.