HORECA DISTRIBUTION: 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 DISTRIBUTION
Largest movements
- Receivables within one year +€35,498
up €35,498 (+6.3%), from €563,001 to €598,499
of which Trade receivables: +€33,836
- Tangible fixed assets +€25,580
up €25,580 (+249.5%), from €10,250 to €35,830
- Cash -€14,602
down €14,602 (-27.9%), from €52,430 to €37,828
mainly Contributions, distributions and other (-€90,000) and Receivables within one year (-€35,498)
- Trade debts +€52,817
up €52,817 (+149.2%), from €35,397 to €88,214
- Other debts -€10,000
down €10,000 (-10.0%), from €100,000 to €90,000
- Gross operating margin -€23,733
down €23,733 (-11.7%), from €202,857 to €179,125
- Staff costs +€20,189
up €20,189 (+38.7%), from €52,161 to €72,350
- Taxes -€7,325
down €7,325 (-91.6%), from €8,000 to €675
- Other operating charges +€6,049
up €6,049 (+693.2%), from €873 to €6,921
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.
Cash bridge derived
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 | €628,887 | €675,490 | +€46,603 | +7.4% |
| Fixed assets | 21/28 | €10,250 | €35,830 | +€25,580 | +249.5% |
| Tangible fixed assets | 22/27 | €10,250 | €35,830 | +€25,580 | +249.5% |
| Plant, machinery and equipment | 23 | €10,250 | €35,830 | +€25,580 | +249.5% |
| Current assets | 29/58 | €618,636 | €639,659 | +€21,023 | +3.4% |
| Amounts receivable within one year | 40/41 | €563,001 | €598,499 | +€35,498 | +6.3% |
| Trade receivables | 40 | €556,681 | €590,517 | +€33,836 | +6.1% |
| Other amounts receivable | 41 | €6,320 | €7,982 | +€1,662 | +26.3% |
| Cash at bank and in hand | 54/58 | €52,430 | €37,828 | -€14,602 | -27.9% |
| Deferred charges and accrued income | 490/1 | €3,206 | €3,333 | +€127 | +4.0% |
| Total equity and liabilities | 10/49 | €628,887 | €675,490 | +€46,603 | +7.4% |
| Equity | 10/15 | €465,814 | €470,065 | +€4,251 | +0.9% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €1,860 | €1,860 | = | 0.0% |
| Distributable reserves | 133 | €1,860 | €1,860 | = | 0.0% |
| Profit (loss) carried forward | 14 | €445,354 | €449,605 | +€4,251 | +1.0% |
| Amounts payable | 17/49 | €163,073 | €205,424 | +€42,351 | +26.0% |
| Amounts payable within one year | 42/48 | €162,145 | €205,321 | +€43,175 | +26.6% |
| Financial debts | 43 | €17,294 | €17,294 | = | 0.0% |
| Credit institutions | 430/8 | €17,294 | €17,294 | = | 0.0% |
| Trade debts | 44 | €35,397 | €88,214 | +€52,817 | +149.2% |
| Suppliers | 440/4 | €35,397 | €88,214 | +€52,817 | +149.2% |
| Taxes, remuneration and social security | 45 | €9,454 | €9,813 | +€359 | +3.8% |
| Taxes | 450/3 | €1,320 | €925 | -€395 | -29.9% |
| Remuneration and social security | 454/9 | €8,134 | €8,888 | +€754 | +9.3% |
| Other amounts payable | 47/48 | €100,000 | €90,000 | -€10,000 | -10.0% |
| Accrued charges and deferred income | 492/3 | €928 | €104 | -€824 | -88.8% |
| Remuneration, social security and pensions | 62 | €52,161 | €72,350 | +€20,189 | +38.7% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €4,091 | €3,751 | -€340 | -8.3% |
| Other operating charges | 640/8 | €873 | €6,921 | +€6,049 | +693.2% |
| Gross operating margin | 9900 | €202,857 | €179,125 | -€23,733 | -11.7% |
| Operating profit (loss) | 9901 | €145,732 | €96,102 | -€49,630 | -34.1% |
| Financial charges | 65/66B | €1,113 | €1,176 | +€62 | +5.6% |
| Recurring financial charges | 65 | €1,113 | €1,176 | +€62 | +5.6% |
| Profit (loss) for the period before taxes | 9903 | €144,619 | €94,926 | -€49,692 | -34.4% |
| Income taxes | 67/77 | €8,000 | €675 | -€7,325 | -91.6% |
| Profit (loss) for the period | 9904 | €136,619 | €94,251 | -€42,367 | -31.0% |
| Profit (loss) for the period to be appropriated | 9905 | €136,619 | €94,251 | -€42,367 | -31.0% |
Source: filed annual accounts (NBB), financial years ended 30 June 2024 and 30 June 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 12 October 2026 via checked.be.