HORECA FOOT: 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.
What changed
HORECA FOOT
NACE 56.111, Full-service restaurants
financial year 2025 compared with 2024filed annual accounts (NBB)
Net result for the year
-€199,794
2024 · €814,990-€1.0m
Equity
-€2.7m
2024 · -€2.5m-€199,794
Cash
€237,871
2024 · €52,798+€185,073
Balance sheet total
€11.0m
2024 · €11.0m+€23,833
Largest movements
Assets
- Tangible fixed assets -€378,520
down €378,520 (-4.7%), from €8.1m to €7.7m
of which Land and buildings: -€195,067
- Receivables within one year +€375,699
up €375,699 (+34.7%), from €1.1m to €1.5m
of which Trade receivables: +€527,852
- Cash +€185,073
up €185,073 (+351%), from €52,798 to €237,871
mainly Other debts (+€1.3m) and Depreciation (+€378,520)
- Stocks and contracts -€163,729
down €163,729 (-56.1%), from €291,662 to €127,933
Equity and liabilities
- Other debts +€1.3m
new in 2025: €1.3m
- Trade debts -€911,776
down €911,776 (-32.0%), from €2.8m to €1.9m
- Debts after one year -€441,094
down €441,094 (-4.8%), from €9.3m to €8.8m
- Accrued charges and deferred income +€206,934
up €206,934 (+24.7%), from €838,852 to €1.0m
- Profit (loss) carried forward -€199,794
down €199,794 (-6.4%), from -€3.1m to -€3.3m
Income statement
- Turnover -€540,808
down €540,808 (-6.9%), from €7.8m to €7.3m
- Goods and materials -€371,613
down €371,613 (-9.0%), from €4.1m to €3.7m
of which Purchases: -€523,557
- Services and other goods -€215,277
down €215,277 (-7.0%), from €3.1m to €2.9m
- Other operating income +€201,139
up €201,139 (+74.4%), from €270,386 to €471,525
- Staff costs +€185,889
up €185,889 (+30.4%), from €612,144 to €798,033
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.
Result 2024
€814,990
Turnover
-€540,808
Other operating income
+€201,139
Goods and materials
+€371,613
Services and other goods
+€215,277
Staff costs
-€185,889
Depreciation
+€58,728
Write-downs
-€2,000
Other operating charges
+€10,479
Other operating items
-€1.1m
Financial charges
-€33,262
Taxes
-€3,061
Result 2025
-€199,794
raises the resultlowers the resultnot broken down further in the accounts
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.
From operations
+€566,918
Investment
€0
Financing
-€381,845
Cash 2024
€52,798
From operations (derived)
+€566,918
Net result for the year
-€199,794
Depreciation
+€378,520
Stocks and contracts
+€163,729
Receivables within one year
-€375,699
Deferred charges and accrued income
-€5,310
Trade debts
-€911,776
Tax, wage and social debts
+€3,857
Other debts
+€1.3m
Accrued charges and deferred income
+€206,934
Financing
-€381,845
Debts after one year
-€441,094
Current portion of long-term debt
+€59,249
Cash 2025
€237,871
brings cash intakes cash out
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €11,002,465 | €11,026,298 | +€23,833 | +0.2% |
| Fixed assets | 21/28 | €9,539,293 | €9,160,773 | -€378,520 | -4.0% |
| Tangible fixed assets | 22/27 | €8,080,193 | €7,701,673 | -€378,520 | -4.7% |
| Land and buildings | 22 | €7,508,765 | €7,313,698 | -€195,067 | -2.6% |
| Plant, machinery and equipment | 23 | €225,002 | €149,999 | -€75,003 | -33.3% |
| Furniture and vehicles | 24 | €346,426 | €237,976 | -€108,450 | -31.3% |
| Financial fixed assets | 28 | €1,459,100 | €1,459,100 | = | 0.0% |
| Other financial fixed assets | 284/8 | €1,459,100 | €1,459,100 | = | 0.0% |
| Shares | 284 | €1,459,100 | €1,459,100 | = | 0.0% |
| Current assets | 29/58 | €1,463,172 | €1,865,525 | +€402,353 | +27.5% |
| Stocks and contracts in progress | 3 | €291,662 | €127,933 | -€163,729 | -56.1% |
| Stocks | 30/36 | €291,662 | €127,933 | -€163,729 | -56.1% |
| Goods purchased for resale | 34 | €291,662 | €127,933 | -€163,729 | -56.1% |
| Amounts receivable within one year | 40/41 | €1,082,389 | €1,458,088 | +€375,699 | +34.7% |
| Trade receivables | 40 | €928,833 | €1,456,685 | +€527,852 | +56.8% |
| Other amounts receivable | 41 | €153,556 | €1,403 | -€152,153 | -99.1% |
| Cash at bank and in hand | 54/58 | €52,798 | €237,871 | +€185,073 | +351% |
| Deferred charges and accrued income | 490/1 | €36,323 | €41,633 | +€5,310 | +14.6% |
| Total equity and liabilities | 10/49 | €11,002,465 | €11,026,298 | +€23,833 | +0.2% |
| Equity | 10/15 | -€2,488,865 | -€2,688,659 | -€199,794 | -8.0% |
| Contributions | 10/11 | €557,000 | €557,000 | = | 0.0% |
| Reserves | 13 | €55,700 | €55,700 | = | 0.0% |
| Distributable reserves | 133 | €55,700 | €55,700 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€3,101,565 | -€3,301,359 | -€199,794 | -6.4% |
| Amounts payable | 17/49 | €13,491,330 | €13,714,957 | +€223,627 | +1.7% |
| Amounts payable after more than one year | 17 | €9,280,800 | €8,839,706 | -€441,094 | -4.8% |
| Financial debts | 170/4 | €9,280,800 | €8,839,706 | -€441,094 | -4.8% |
| Leasing and similar obligations | 172 | €6,102,250 | €5,894,750 | -€207,500 | -3.4% |
| Other loans | 174 | €3,178,550 | €2,944,956 | -€233,594 | -7.3% |
| Amounts payable within one year | 42/48 | €3,371,678 | €3,829,465 | +€457,787 | +13.6% |
| Current portion of amounts payable after more than one year | 42 | €439,814 | €499,063 | +€59,249 | +13.5% |
| Trade debts | 44 | €2,846,680 | €1,934,904 | -€911,776 | -32.0% |
| Suppliers | 440/4 | €2,846,680 | €1,934,904 | -€911,776 | -32.0% |
| Taxes, remuneration and social security | 45 | €85,184 | €89,041 | +€3,857 | +4.5% |
| Taxes | 450/3 | €36,397 | €46,386 | +€9,989 | +27.4% |
| Remuneration and social security | 454/9 | €48,787 | €42,655 | -€6,132 | -12.6% |
| Other amounts payable | 47/48 | - | €1,306,457 | +€1.3m | |
| Accrued charges and deferred income | 492/3 | €838,852 | €1,045,786 | +€206,934 | +24.7% |
| Operating income | 70/76A | €9,217,350 | €7,770,681 | -€1.4m | -15.7% |
| Turnover | 70 | €7,839,964 | €7,299,156 | -€540,808 | -6.9% |
| Other operating income | 74 | €270,386 | €471,525 | +€201,139 | +74.4% |
| Non-recurring operating income | 76A | €1,107,000 | - | -€1.1m | |
| Operating charges | 60/66A | €8,317,252 | €7,849,044 | -€468,208 | -5.6% |
| Goods for resale, raw materials and consumables | 60 | €4,114,051 | €3,742,438 | -€371,613 | -9.0% |
| Purchases | 600/8 | €4,102,266 | €3,578,709 | -€523,557 | -12.8% |
| Change in stocks: decrease (increase) | 609 | €11,785 | €163,729 | +€151,944 | +1,289% |
| Services and other goods | 61 | €3,097,050 | €2,881,773 | -€215,277 | -7.0% |
| Remuneration, social security and pensions | 62 | €612,144 | €798,033 | +€185,889 | +30.4% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €437,248 | €378,520 | -€58,728 | -13.4% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | - | €2,000 | +€2,000 | |
| Other operating charges | 640/8 | €56,759 | €46,280 | -€10,479 | -18.5% |
| Operating profit (loss) | 9901 | €900,098 | -€78,363 | -€978,461 | |
| Financial charges | 65/66B | €85,108 | €118,370 | +€33,262 | +39.1% |
| Recurring financial charges | 65 | €85,108 | €118,370 | +€33,262 | +39.1% |
| Debt charges | 650 | €84,994 | €88,684 | +€3,690 | +4.3% |
| Other financial charges | 652/9 | €114 | €29,686 | +€29,572 | +25,940% |
| Profit (loss) for the period before taxes | 9903 | €814,990 | -€196,733 | -€1.0m | |
| Income taxes | 67/77 | - | €3,061 | +€3,061 | |
| Taxes | 670/3 | - | €3,061 | +€3,061 | |
| Profit (loss) for the period | 9904 | €814,990 | -€199,794 | -€1.0m | |
| Profit (loss) for the period to be appropriated | 9905 | €814,990 | -€199,794 | -€1.0m |
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 25 October 2026 via checked.be.