HORECA SHOP: 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 SHOP
Largest movements
- Receivables after one year +€242,386
new in 2025: €242,386
- Receivables within one year -€120,587
down €120,587 (-83.0%), from €145,311 to €24,724
of which Other amounts receivable: -€107,647
- Tangible fixed assets +€30,797
up €30,797 (+24.8%), from €124,224 to €155,021
of which Other tangible fixed assets: +€35,813
- Cash +€5,131
up €5,131 (+194%), from €2,641 to €7,772
mainly Net result for the year (+€149,472) and Receivables within one year (+€120,587)
- Profit (loss) carried forward +€149,472
up €149,472 (+80.0%), from €186,833 to €336,305
- Tax, wage and social debts +€57,133
up €57,133 (+169%), from €33,734 to €90,867
of which Taxes: +€53,118
- Other debts -€43,409
down €43,409 (-77.1%), from €56,333 to €12,923
- Trade debts -€7,729
down €7,729 (-86.7%), from €8,914 to €1,185
- Gross operating margin +€88,666
up €88,666 (+45.6%), from €194,637 to €283,303
- Taxes +€25,807
up €25,807 (+123%), from €21,039 to €46,846
- Staff costs +€15,048
up €15,048 (+54.4%), from €27,683 to €42,731
- Depreciation +€9,750
up €9,750 (+39.2%), from €24,870 to €34,620
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 | €285,814 | €441,280 | +€155,466 | +54.4% |
| Fixed assets | 21/28 | €124,224 | €155,021 | +€30,797 | +24.8% |
| Tangible fixed assets | 22/27 | €124,224 | €155,021 | +€30,797 | +24.8% |
| Plant, machinery and equipment | 23 | €94,540 | €70,515 | -€24,026 | -25.4% |
| Furniture and vehicles | 24 | €4,500 | €23,510 | +€19,010 | +422% |
| Other tangible fixed assets | 26 | €25,184 | €60,997 | +€35,813 | +142% |
| Current assets | 29/58 | €161,590 | €286,259 | +€124,669 | +77.2% |
| Amounts receivable after more than one year | 29 | - | €242,386 | +€242,386 | |
| Other amounts receivable | 291 | - | €242,386 | +€242,386 | |
| Stocks and contracts in progress | 3 | €10,996 | €9,996 | -€1,000 | -9.1% |
| Stocks | 30/36 | €10,996 | €9,996 | -€1,000 | -9.1% |
| Amounts receivable within one year | 40/41 | €145,311 | €24,724 | -€120,587 | -83.0% |
| Trade receivables | 40 | €36,988 | €24,048 | -€12,940 | -35.0% |
| Other amounts receivable | 41 | €108,323 | €676 | -€107,647 | -99.4% |
| Cash at bank and in hand | 54/58 | €2,641 | €7,772 | +€5,131 | +194% |
| Deferred charges and accrued income | 490/1 | €2,642 | €1,381 | -€1,261 | -47.7% |
| Total equity and liabilities | 10/49 | €285,814 | €441,280 | +€155,466 | +54.4% |
| Equity | 10/15 | €186,833 | €336,305 | +€149,472 | +80.0% |
| Profit (loss) carried forward | 14 | €186,833 | €336,305 | +€149,472 | +80.0% |
| Amounts payable | 17/49 | €98,981 | €104,976 | +€5,995 | +6.1% |
| Amounts payable within one year | 42/48 | €98,981 | €104,976 | +€5,995 | +6.1% |
| Trade debts | 44 | €8,914 | €1,185 | -€7,729 | -86.7% |
| Suppliers | 440/4 | €8,914 | €1,185 | -€7,729 | -86.7% |
| Taxes, remuneration and social security | 45 | €33,734 | €90,867 | +€57,133 | +169% |
| Taxes | 450/3 | €21,039 | €74,157 | +€53,118 | +252% |
| Remuneration and social security | 454/9 | €12,695 | €16,710 | +€4,015 | +31.6% |
| Other amounts payable | 47/48 | €56,333 | €12,923 | -€43,409 | -77.1% |
| Remuneration, social security and pensions | 62 | €27,683 | €42,731 | +€15,048 | +54.4% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €24,870 | €34,620 | +€9,750 | +39.2% |
| Other operating charges | 640/8 | €2,920 | €2,225 | -€695 | -23.8% |
| Non-recurring operating charges | 66A | - | €515 | +€515 | |
| Gross operating margin | 9900 | €194,637 | €283,303 | +€88,666 | +45.6% |
| Operating profit (loss) | 9901 | €139,164 | €203,212 | +€64,048 | +46.0% |
| Financial income | 75/76B | €409 | €595 | +€186 | +45.3% |
| Recurring financial income | 75 | €409 | €595 | +€186 | +45.3% |
| Financial charges | 65/66B | €8,762 | €7,490 | -€1,272 | -14.5% |
| Recurring financial charges | 65 | €8,762 | €7,490 | -€1,272 | -14.5% |
| Profit (loss) for the period before taxes | 9903 | €130,811 | €196,317 | +€65,506 | +50.1% |
| Income taxes | 67/77 | €21,039 | €46,846 | +€25,807 | +123% |
| Profit (loss) for the period | 9904 | €109,772 | €149,472 | +€39,699 | +36.2% |
| Profit (loss) for the period to be appropriated | 9905 | €109,772 | €149,472 | +€39,699 | +36.2% |
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 22 October 2026 via checked.be.