HORECA-RENT: 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-RENT
Largest movements
- Cash +€5,909
up €5,909 (+29.7%), from €19,904 to €25,813
mainly Net result for the year (+€4,962) and Trade debts (+€3,883)
- Receivables within one year +€1,110
up €1,110 (+10.5%), from €10,542 to €11,652
- Profit (loss) carried forward +€4,962
up €4,962 (+8.3%), from -€59,801 to -€54,839
- Trade debts +€3,883
up €3,883 (+132%), from €2,942 to €6,825
- Other debts -€2,030
down €2,030 (-10.1%), from €20,162 to €18,132
- Gross operating margin +€2,742
up €2,742 (+90.6%), from €3,025 to €5,767
- Depreciation -€2,378
down €2,378 (-90.1%), from €2,639 to €261
- Other operating charges +€511
new in 2025: €511
- Provisions -€500
no longer reported in 2025 (was €500)
- Financial income -€176
no longer reported in 2025 (was €176)
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 | €32,332 | €39,090 | +€6,758 | +20.9% |
| Fixed assets | 21/28 | €1,886 | €1,625 | -€261 | -13.8% |
| Tangible fixed assets | 22/27 | €261 | - | -€261 | |
| Plant, machinery and equipment | 23 | €261 | - | -€261 | |
| Financial fixed assets | 28 | €1,625 | €1,625 | = | 0.0% |
| Current assets | 29/58 | €30,446 | €37,465 | +€7,019 | +23.1% |
| Amounts receivable within one year | 40/41 | €10,542 | €11,652 | +€1,110 | +10.5% |
| Trade receivables | 40 | €10,542 | €11,652 | +€1,110 | +10.5% |
| Cash at bank and in hand | 54/58 | €19,904 | €25,813 | +€5,909 | +29.7% |
| Total equity and liabilities | 10/49 | €32,332 | €39,090 | +€6,758 | +20.9% |
| Equity | 10/15 | €8,399 | €13,361 | +€4,962 | +59.1% |
| Contributions | 10/11 | €62,000 | €62,000 | = | 0.0% |
| Capital | 10 | €62,000 | €62,000 | = | 0.0% |
| Issued capital | 100 | €62,000 | €62,000 | = | 0.0% |
| Reserves | 13 | €6,200 | €6,200 | = | 0.0% |
| Non-distributable reserves | 130/1 | €6,200 | €6,200 | = | 0.0% |
| Legal reserve | 130 | €6,200 | €6,200 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€59,801 | -€54,839 | +€4,962 | +8.3% |
| Amounts payable | 17/49 | €23,933 | €25,729 | +€1,796 | +7.5% |
| Amounts payable within one year | 42/48 | €23,933 | €25,729 | +€1,796 | +7.5% |
| Trade debts | 44 | €2,942 | €6,825 | +€3,883 | +132% |
| Suppliers | 440/4 | €2,942 | €6,825 | +€3,883 | +132% |
| Taxes, remuneration and social security | 45 | €829 | €772 | -€57 | -6.9% |
| Taxes | 450/3 | €829 | €772 | -€57 | -6.9% |
| Other amounts payable | 47/48 | €20,162 | €18,132 | -€2,030 | -10.1% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €2,639 | €261 | -€2,378 | -90.1% |
| Provisions for liabilities and charges: additions (uses and reversals) | 635/8 | €500 | - | -€500 | |
| Other operating charges | 640/8 | - | €511 | +€511 | |
| Non-recurring operating charges | 66A | €5,756 | - | -€5,756 | |
| Gross operating margin | 9900 | €3,025 | €5,767 | +€2,742 | +90.6% |
| Operating profit (loss) | 9901 | -€5,870 | €4,995 | +€10,865 | |
| Financial income | 75/76B | €176 | - | -€176 | |
| Recurring financial income | 75 | €176 | - | -€176 | |
| Financial charges | 65/66B | €89 | €33 | -€56 | -62.9% |
| Recurring financial charges | 65 | €89 | €33 | -€56 | -62.9% |
| Non-recurring financial charges | 66B | €89 | €33 | -€56 | -62.9% |
| Profit (loss) for the period before taxes | 9903 | -€5,783 | €4,962 | +€10,745 | |
| Profit (loss) for the period | 9904 | -€5,783 | €4,962 | +€10,745 | |
| Profit (loss) for the period to be appropriated | 9905 | -€5,783 | €4,962 | +€10,745 |
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 26 October 2026 via checked.be.