HORECA NETWORK: what changed
Two fiscal 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 NETWORK
Largest movements
- Receivables within one year +€1,169
up €1,169 (+186.2%), from €628 to €1,796
- Tangible fixed assets -€562
down €562 (-92.0%), from €611 to €49
- Cash +€271
up €271 (+47.2%), from €575 to €846
mainly Other debts (+€13,957) and Trade debts (+€1,155)
- Deferred charges and accrued income -€217
down €217 (-50.5%), from €430 to €213
- Profit (loss) carried forward -€14,414
down €14,414 (-19.5%), from -€73,870 to -€88,284
- Other debts +€13,957
up €13,957 (+36.4%), from €38,339 to €52,296
- Trade debts +€1,155
up €1,155 (+137.7%), from €839 to €1,994
- Tax, wage and social debts -€37
down €37 (-50.0%), from €75 to €37
- Gross operating margin -€8,887
down €8,887 (-247.2%), from -€3,595 to -€12,482
- Depreciation -€934
down €934 (-62.4%), from €1,495 to €562
- Other operating charges +€182
up €182 (+57.2%), from €319 to €501
From the 2023 result to the 2024 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 2023 and 2024 balance sheets and the 2024 result: not a filed cash-flow statement. It shows where the money came from and went.
Every line side by side
| Line | Code | 2023 | 2024 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €2,344 | €3,004 | +€661 | +28.2% |
| Fixed assets | 21/28 | €711 | €149 | -€562 | -79.0% |
| Tangible fixed assets | 22/27 | €611 | €49 | -€562 | -92.0% |
| Plant, machinery and equipment | 23 | €611 | €49 | -€562 | -92.0% |
| Financial fixed assets | 28 | €100 | €100 | = | 0.0% |
| Current assets | 29/58 | €1,633 | €2,855 | +€1,222 | +74.9% |
| Amounts receivable within one year | 40/41 | €628 | €1,796 | +€1,169 | +186.2% |
| Other amounts receivable | 41 | €628 | €1,796 | +€1,169 | +186.2% |
| Cash at bank and in hand | 54/58 | €575 | €846 | +€271 | +47.2% |
| Deferred charges and accrued income | 490/1 | €430 | €213 | -€217 | -50.5% |
| Total equity and liabilities | 10/49 | €2,344 | €3,004 | +€661 | +28.2% |
| Equity | 10/15 | -€36,910 | -€51,324 | -€14,414 | -39.1% |
| Contributions | 10/11 | €33,600 | €33,600 | = | 0.0% |
| Reserves | 13 | €3,360 | €3,360 | = | 0.0% |
| Non-distributable reserves | 130/1 | €3,360 | €3,360 | = | 0.0% |
| Reserves not available under the articles | 1311 | €3,360 | €3,360 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€73,870 | -€88,284 | -€14,414 | -19.5% |
| Amounts payable | 17/49 | €39,254 | €54,328 | +€15,074 | +38.4% |
| Amounts payable within one year | 42/48 | €39,254 | €54,328 | +€15,074 | +38.4% |
| Trade debts | 44 | €839 | €1,994 | +€1,155 | +137.7% |
| Suppliers | 440/4 | €839 | €1,994 | +€1,155 | +137.7% |
| Taxes, remuneration and social security | 45 | €75 | €37 | -€37 | -50.0% |
| Taxes | 450/3 | €75 | €37 | -€37 | -50.0% |
| Other amounts payable | 47/48 | €38,339 | €52,296 | +€13,957 | +36.4% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €1,495 | €562 | -€934 | -62.4% |
| Other operating charges | 640/8 | €319 | €501 | +€182 | +57.2% |
| Gross operating margin | 9900 | -€3,595 | -€12,482 | -€8,887 | -247.2% |
| Operating profit (loss) | 9901 | -€5,409 | -€13,545 | -€8,136 | -150.4% |
| Financial income | 75/76B | €10 | €4 | -€6 | -60.8% |
| Recurring financial income | 75 | €10 | €4 | -€6 | -60.8% |
| Financial charges | 65/66B | €440 | €551 | +€110 | +25.1% |
| Recurring financial charges | 65 | €440 | €551 | +€110 | +25.1% |
| Profit (loss) for the period before taxes | 9903 | -€5,839 | -€14,091 | -€8,252 | -141.3% |
| Income taxes | 67/77 | €320 | €323 | +€3 | +1.0% |
| Profit (loss) for the period | 9904 | -€6,159 | -€14,414 | -€8,255 | -134.0% |
| Profit (loss) for the period to be appropriated | 9905 | -€6,159 | -€14,414 | -€8,255 | -134.0% |
Source: filed annual accounts (NBB), fiscal years ended 31 December 2023 and 31 December 2024. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 2 October 2026 via checked.be.