HORECA GAMES SERVICES: 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 GAMES SERVICES
Largest movements
- Current investments +€30,000
up €30,000 (+6,340%), from €473 to €30,473
- Tangible fixed assets -€25,600
down €25,600 (-30.0%), from €85,259 to €59,659
of which Plant, machinery and equipment: -€23,790
- Receivables within one year +€18,669
up €18,669 (+20.3%), from €91,772 to €110,442
of which Trade receivables: +€10,000
- Financial fixed assets -€7,500
down €7,500 (-25.7%), from €29,223 to €21,723
- Cash -€7,480
down €7,480 (-33.4%), from €22,383 to €14,903
mainly Current investments (-€30,000) and Current portion of long-term debt (-€21,217)
- Current portion of long-term debt -€21,217
no longer reported in 2022 (was €21,217)
- Reserves +€20,000
up €20,000 (+15.0%), from €133,690 to €153,690
of which Distributable reserves: +€20,000
- Other debts +€9,742
up €9,742 (+68.7%), from €14,190 to €23,932
- Profit (loss) carried forward -€4,986
down €4,986 (-70.5%), from €7,071 to €2,085
- Tax, wage and social debts +€3,547
up €3,547 (+22.4%), from €15,830 to €19,377
of which Remuneration and social security: +€5,858
- Gross operating margin +€86,552
up €86,552 (+73.0%), from €118,591 to €205,143
- Other operating charges +€32,522
up €32,522 (+31.9%), from €101,897 to €134,419
- Staff costs +€17,241
new in 2022: €17,241
- Financial charges +€11,879
up €11,879 (+305%), from €3,897 to €15,775
- Taxes -€2,907
new in 2022: -€2,907
From the 2021 result to the 2022 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 2021 and 2022 balance sheets and the 2022 result: not a filed cash-flow statement. It shows where the money came from and went.
Every line side by side
| Line | Code | 2021 | 2022 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €230,032 | €238,060 | +€8,028 | +3.5% |
| Fixed assets | 21/28 | €114,481 | €81,382 | -€33,100 | -28.9% |
| Tangible fixed assets | 22/27 | €85,259 | €59,659 | -€25,600 | -30.0% |
| Land and buildings | 22 | €32,000 | €32,000 | = | 0.0% |
| Plant, machinery and equipment | 23 | €38,782 | €14,993 | -€23,790 | -61.3% |
| Furniture and vehicles | 24 | €3,620 | €1,810 | -€1,810 | -50.0% |
| Assets under construction and advance payments | 27 | €10,857 | €10,857 | = | 0.0% |
| Financial fixed assets | 28 | €29,223 | €21,723 | -€7,500 | -25.7% |
| Current assets | 29/58 | €115,551 | €156,678 | +€41,128 | +35.6% |
| Amounts receivable within one year | 40/41 | €91,772 | €110,442 | +€18,669 | +20.3% |
| Trade receivables | 40 | €49,742 | €59,742 | +€10,000 | +20.1% |
| Other amounts receivable | 41 | €42,030 | €50,700 | +€8,670 | +20.6% |
| Current investments | 50/53 | €473 | €30,473 | +€30,000 | +6,340% |
| Cash at bank and in hand | 54/58 | €22,383 | €14,903 | -€7,480 | -33.4% |
| Deferred charges and accrued income | 490/1 | €922 | €861 | -€62 | -6.7% |
| Total equity and liabilities | 10/49 | €230,032 | €238,060 | +€8,028 | +3.5% |
| Equity | 10/15 | €174,353 | €189,366 | +€15,014 | +8.6% |
| Contributions | 10/11 | €33,592 | €33,592 | = | 0.0% |
| Reserves | 13 | €133,690 | €153,690 | +€20,000 | +15.0% |
| Non-distributable reserves | 130/1 | €3,690 | €3,690 | = | 0.0% |
| Reserves not available under the articles | 1311 | €3,690 | €3,690 | = | 0.0% |
| Distributable reserves | 133 | €130,000 | €150,000 | +€20,000 | +15.4% |
| Profit (loss) carried forward | 14 | €7,071 | €2,085 | -€4,986 | -70.5% |
| Amounts payable | 17/49 | €55,680 | €48,693 | -€6,986 | -12.5% |
| Amounts payable after more than one year | 17 | €2,800 | €2,800 | = | 0.0% |
| Other amounts payable | 178/9 | €2,800 | €2,800 | = | 0.0% |
| Amounts payable within one year | 42/48 | €52,880 | €45,893 | -€6,986 | -13.2% |
| Current portion of amounts payable after more than one year | 42 | €21,217 | - | -€21,217 | |
| Trade debts | 44 | €1,643 | €2,585 | +€942 | +57.3% |
| Suppliers | 440/4 | €1,643 | €2,585 | +€942 | +57.3% |
| Taxes, remuneration and social security | 45 | €15,830 | €19,377 | +€3,547 | +22.4% |
| Taxes | 450/3 | €15,830 | €13,518 | -€2,312 | -14.6% |
| Remuneration and social security | 454/9 | - | €5,858 | +€5,858 | |
| Other amounts payable | 47/48 | €14,190 | €23,932 | +€9,742 | +68.7% |
| Remuneration, social security and pensions | 62 | - | €17,241 | +€17,241 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €24,645 | €25,600 | +€955 | +3.9% |
| Other operating charges | 640/8 | €101,897 | €134,419 | +€32,522 | +31.9% |
| Gross operating margin | 9900 | €118,591 | €205,143 | +€86,552 | +73.0% |
| Operating profit (loss) | 9901 | -€7,951 | €27,883 | +€35,834 | |
| Financial charges | 65/66B | €3,897 | €15,775 | +€11,879 | +305% |
| Recurring financial charges | 65 | €3,897 | €15,775 | +€11,879 | +305% |
| Profit (loss) for the period before taxes | 9903 | -€11,847 | €12,107 | +€23,955 | |
| Income taxes | 67/77 | - | -€2,907 | -€2,907 | |
| Profit (loss) for the period | 9904 | -€11,847 | €15,014 | +€26,861 | |
| Profit (loss) for the period to be appropriated | 9905 | -€11,847 | €15,014 | +€26,861 |
Source: filed annual accounts (NBB), financial years ended 31 December 2021 and 31 December 2022. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 19 October 2026 via checked.be.