HORECA QUALITY EMTS: 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 QUALITY EMTS
Largest movements
- Tangible fixed assets -€7,537
down €7,537 (-13.5%), from €55,630 to €48,094
of which Land and buildings: -€6,340
- Receivables within one year +€5,596
up €5,596 (+30.9%), from €18,117 to €23,713
of which Trade receivables: +€5,103
- Cash +€1,870
up €1,870 (+11,403%), from €16 to €1,886
mainly Net result for the year (+€22,654) and Depreciation (+€8,894)
- Financial fixed assets -€1,620
down €1,620 (-31.0%), from €5,220 to €3,600
- Reserves +€20,000
up €20,000 (+94.1%), from €21,243 to €41,243
- Tax, wage and social debts -€17,049
down €17,049 (-73.7%), from €23,149 to €6,100
of which Taxes: -€15,939
- Debts after one year -€7,394
down €7,394 (-19.8%), from €37,268 to €29,874
- Profit (loss) carried forward +€2,654
up €2,654 (+6.2%), from -€42,927 to -€40,273
- Trade debts +€1,665
up €1,665 (+9.2%), from €18,111 to €19,776
- Gross operating margin +€1,704
up €1,704 (+4.6%), from €37,262 to €38,966
- Depreciation -€1,246
down €1,246 (-12.3%), from €10,139 to €8,894
- Financial charges +€1,084
up €1,084 (+47.0%), from €2,308 to €3,392
- Other operating charges +€791
up €791 (+64.0%), from €1,236 to €2,027
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 | €84,373 | €82,029 | -€2,344 | -2.8% |
| Fixed assets | 21/28 | €60,850 | €51,694 | -€9,157 | -15.0% |
| Tangible fixed assets | 22/27 | €55,630 | €48,094 | -€7,537 | -13.5% |
| Land and buildings | 22 | €51,602 | €45,263 | -€6,340 | -12.3% |
| Plant, machinery and equipment | 23 | €1,268 | €749 | -€519 | -40.9% |
| Other tangible fixed assets | 26 | €2,760 | €2,081 | -€678 | -24.6% |
| Financial fixed assets | 28 | €5,220 | €3,600 | -€1,620 | -31.0% |
| Current assets | 29/58 | €23,523 | €30,336 | +€6,813 | +29.0% |
| Stocks and contracts in progress | 3 | €5,390 | €4,600 | -€790 | -14.7% |
| Stocks | 30/36 | €5,390 | €4,600 | -€790 | -14.7% |
| Amounts receivable within one year | 40/41 | €18,117 | €23,713 | +€5,596 | +30.9% |
| Trade receivables | 40 | €4,875 | €9,978 | +€5,103 | +105% |
| Other amounts receivable | 41 | €13,242 | €13,735 | +€493 | +3.7% |
| Cash at bank and in hand | 54/58 | €16 | €1,886 | +€1,870 | +11,403% |
| Deferred charges and accrued income | 490/1 | - | €136 | +€136 | |
| Total equity and liabilities | 10/49 | €84,373 | €82,029 | -€2,344 | -2.8% |
| Equity | 10/15 | -€6,684 | €15,970 | +€22,654 | |
| Contributions | 10/11 | €15,000 | €15,000 | = | 0.0% |
| Reserves | 13 | €21,243 | €41,243 | +€20,000 | +94.1% |
| Distributable reserves | 133 | €21,243 | €41,243 | +€20,000 | +94.1% |
| Profit (loss) carried forward | 14 | -€42,927 | -€40,273 | +€2,654 | +6.2% |
| Amounts payable | 17/49 | €91,057 | €66,059 | -€24,998 | -27.5% |
| Amounts payable after more than one year | 17 | €37,268 | €29,874 | -€7,394 | -19.8% |
| Financial debts | 170/4 | €37,268 | €29,874 | -€7,394 | -19.8% |
| Amounts payable within one year | 42/48 | €53,757 | €36,185 | -€17,572 | -32.7% |
| Current portion of amounts payable after more than one year | 42 | €8,396 | €7,344 | -€1,051 | -12.5% |
| Financial debts | 43 | €3,366 | €2,229 | -€1,137 | -33.8% |
| Credit institutions | 430/8 | €3,366 | €2,229 | -€1,137 | -33.8% |
| Trade debts | 44 | €18,111 | €19,776 | +€1,665 | +9.2% |
| Suppliers | 440/4 | €18,111 | €19,776 | +€1,665 | +9.2% |
| Taxes, remuneration and social security | 45 | €23,149 | €6,100 | -€17,049 | -73.7% |
| Taxes | 450/3 | €20,739 | €4,800 | -€15,939 | -76.9% |
| Remuneration and social security | 454/9 | €2,410 | €1,300 | -€1,110 | -46.1% |
| Other amounts payable | 47/48 | €736 | €736 | = | 0.0% |
| Accrued charges and deferred income | 492/3 | €32 | - | -€32 | |
| Remuneration, social security and pensions | 62 | €18 | - | -€18 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €10,139 | €8,894 | -€1,246 | -12.3% |
| Other operating charges | 640/8 | €1,236 | €2,027 | +€791 | +64.0% |
| Gross operating margin | 9900 | €37,262 | €38,966 | +€1,704 | +4.6% |
| Operating profit (loss) | 9901 | €25,869 | €28,045 | +€2,176 | +8.4% |
| Financial income | 75/76B | €4 | €1 | -€3 | -68.5% |
| Recurring financial income | 75 | €4 | €1 | -€3 | -68.5% |
| Financial charges | 65/66B | €2,308 | €3,392 | +€1,084 | +47.0% |
| Recurring financial charges | 65 | €2,308 | €3,392 | +€1,084 | +47.0% |
| Profit (loss) for the period before taxes | 9903 | €23,565 | €24,654 | +€1,089 | +4.6% |
| Income taxes | 67/77 | €2,000 | €2,000 | = | 0.0% |
| Profit (loss) for the period | 9904 | €21,565 | €22,654 | +€1,089 | +5.1% |
| Profit (loss) for the period to be appropriated | 9905 | €21,565 | €22,654 | +€1,089 | +5.1% |
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 23 October 2026 via checked.be.