HORECA DE KLUIZEN: 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 DE KLUIZEN
Largest movements
- Cash +€67,156
up €67,156 (+50.3%), from €133,621 to €200,777
mainly Net result for the year (+€161,275) and Depreciation (+€43,990)
- Receivables within one year +€50,726
up €50,726 (+33.7%), from €150,449 to €201,175
of which Other amounts receivable: +€89,454
- Tangible fixed assets -€19,988
down €19,988 (-11.2%), from €178,335 to €158,347
of which Plant, machinery and equipment: -€16,755
- Stocks and contracts +€14,819
up €14,819 (+73.1%), from €20,267 to €35,086
- Reserves +€104,592
new in 2025: €104,592
- Trade debts -€84,999
down €84,999 (-51.1%), from €166,227 to €81,228
- Profit (loss) carried forward +€56,683
up €56,683, from -€56,683 to €0
- Other debts +€25,794
up €25,794 (+12.1%), from €213,546 to €239,340
- Tax, wage and social debts +€18,184
up €18,184 (+24.8%), from €73,232 to €91,415
of which Taxes: +€14,941
- Gross operating margin +€168,457
up €168,457 (+14.1%), from €1.2m to €1.4m
- Staff costs +€64,990
up €64,990 (+6.1%), from €1.1m to €1.1m
- Taxes +€22,466
up €22,466 (+11,204%), from €201 to €22,666
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 | €512,104 | €624,274 | +€112,170 | +21.9% |
| Fixed assets | 21/28 | €186,740 | €164,560 | -€22,180 | -11.9% |
| Intangible fixed assets | 21 | €8,405 | €6,213 | -€2,193 | -26.1% |
| Tangible fixed assets | 22/27 | €178,335 | €158,347 | -€19,988 | -11.2% |
| Plant, machinery and equipment | 23 | €154,743 | €137,988 | -€16,755 | -10.8% |
| Furniture and vehicles | 24 | €23,591 | €20,359 | -€3,232 | -13.7% |
| Current assets | 29/58 | €325,364 | €459,714 | +€134,350 | +41.3% |
| Stocks and contracts in progress | 3 | €20,267 | €35,086 | +€14,819 | +73.1% |
| Stocks | 30/36 | €20,267 | €35,086 | +€14,819 | +73.1% |
| Amounts receivable within one year | 40/41 | €150,449 | €201,175 | +€50,726 | +33.7% |
| Trade receivables | 40 | €150,449 | €111,721 | -€38,728 | -25.7% |
| Other amounts receivable | 41 | - | €89,454 | +€89,454 | |
| Cash at bank and in hand | 54/58 | €133,621 | €200,777 | +€67,156 | +50.3% |
| Deferred charges and accrued income | 490/1 | €21,028 | €22,677 | +€1,649 | +7.8% |
| Total equity and liabilities | 10/49 | €512,104 | €624,274 | +€112,170 | +21.9% |
| Equity | 10/15 | €3,317 | €164,592 | +€161,275 | +4,862% |
| Contributions | 10/11 | €60,000 | €60,000 | = | 0.0% |
| Reserves | 13 | - | €104,592 | +€104,592 | |
| Distributable reserves | 133 | - | €104,592 | +€104,592 | |
| Profit (loss) carried forward | 14 | -€56,683 | €0 | +€56,683 | |
| Amounts payable | 17/49 | €508,787 | €459,682 | -€49,106 | -9.7% |
| Amounts payable after more than one year | 17 | €34,405 | €24,549 | -€9,856 | -28.6% |
| Financial debts | 170/4 | €34,405 | €24,549 | -€9,856 | -28.6% |
| Amounts payable within one year | 42/48 | €474,382 | €435,133 | -€39,250 | -8.3% |
| Current portion of amounts payable after more than one year | 42 | €21,377 | €23,149 | +€1,772 | +8.3% |
| Trade debts | 44 | €166,227 | €81,228 | -€84,999 | -51.1% |
| Suppliers | 440/4 | €166,227 | €81,228 | -€84,999 | -51.1% |
| Taxes, remuneration and social security | 45 | €73,232 | €91,415 | +€18,184 | +24.8% |
| Taxes | 450/3 | €15,229 | €30,170 | +€14,941 | +98.1% |
| Remuneration and social security | 454/9 | €58,003 | €61,245 | +€3,242 | +5.6% |
| Other amounts payable | 47/48 | €213,546 | €239,340 | +€25,794 | +12.1% |
| Non-recurring operating income | 76A | €0 | - | = | |
| Remuneration, social security and pensions | 62 | €1,059,249 | €1,124,238 | +€64,990 | +6.1% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €39,932 | €43,990 | +€4,058 | +10.2% |
| Other operating charges | 640/8 | €2,082 | €2,149 | +€67 | +3.2% |
| Gross operating margin | 9900 | €1,191,989 | €1,360,445 | +€168,457 | +14.1% |
| Operating profit (loss) | 9901 | €90,726 | €190,068 | +€99,342 | +109% |
| Financial income | 75/76B | €0 | €3 | +€3 | +981% |
| Recurring financial income | 75 | €0 | €3 | +€3 | +981% |
| Financial charges | 65/66B | €4,365 | €6,130 | +€1,764 | +40.4% |
| Recurring financial charges | 65 | €4,365 | €6,130 | +€1,764 | +40.4% |
| Profit (loss) for the period before taxes | 9903 | €86,361 | €183,942 | +€97,580 | +113% |
| Income taxes | 67/77 | €201 | €22,666 | +€22,466 | +11,204% |
| Profit (loss) for the period | 9904 | €86,161 | €161,275 | +€75,115 | +87.2% |
| Profit (loss) for the period to be appropriated | 9905 | €86,161 | €161,275 | +€75,115 | +87.2% |
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 21 October 2026 via checked.be.