Horeca Solutions: 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 Solutions
Largest movements
- Cash +€26,150
up €26,150 (+338.0%), from €7,736 to €33,886
mainly Depreciation (+€34,249) and Debts after one year (+€26,448)
- Tangible fixed assets -€6,981
down €6,981 (-4.9%), from €143,740 to €136,760
of which Leasing and similar rights: -€10,304
- Stocks and contracts +€5,495
up €5,495 (+16.1%), from €34,148 to €39,643
- Deferred charges and accrued income +€2,606
up €2,606 (+52.9%), from €4,929 to €7,534
- Debts after one year +€26,448
up €26,448 (+3.7%), from €720,000 to €746,448
- Profit (loss) carried forward +€14,870
up €14,870 (+1.7%), from -€883,798 to -€868,928
- Trade debts -€14,088
down €14,088 (-23.4%), from €60,096 to €46,009
- Tax, wage and social debts -€7,196
down €7,196 (-16.0%), from €44,877 to €37,681
of which Taxes: -€6,950
- Current portion of long-term debt +€6,646
new in 2025: €6,646
- Gross operating margin +€51,443
up €51,443 (+12.0%), from €430,264 to €481,707
- Staff costs -€28,996
down €28,996 (-7.0%), from €416,627 to €387,630
- Depreciation -€10,259
down €10,259 (-23.0%), from €44,508 to €34,249
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.
Cash bridge derived
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 | €231,238 | €257,300 | +€26,063 | +11.3% |
| Fixed assets | 21/28 | €177,026 | €169,625 | -€7,401 | -4.2% |
| Intangible fixed assets | 21 | €1,282 | €712 | -€570 | -44.5% |
| Tangible fixed assets | 22/27 | €143,740 | €136,760 | -€6,981 | -4.9% |
| Plant, machinery and equipment | 23 | €8,758 | €5,222 | -€3,536 | -40.4% |
| Furniture and vehicles | 24 | €30,506 | €45,587 | +€15,081 | +49.4% |
| Leasing and similar rights | 25 | €80,239 | €69,934 | -€10,304 | -12.8% |
| Other tangible fixed assets | 26 | €24,238 | €16,016 | -€8,221 | -33.9% |
| Financial fixed assets | 28 | €32,003 | €32,153 | +€150 | +0.5% |
| Current assets | 29/58 | €54,212 | €87,676 | +€33,464 | +61.7% |
| Stocks and contracts in progress | 3 | €34,148 | €39,643 | +€5,495 | +16.1% |
| Stocks | 30/36 | €34,148 | €39,643 | +€5,495 | +16.1% |
| Amounts receivable within one year | 40/41 | €7,399 | €6,612 | -€787 | -10.6% |
| Trade receivables | 40 | €7,399 | €6,612 | -€787 | -10.6% |
| Cash at bank and in hand | 54/58 | €7,736 | €33,886 | +€26,150 | +338.0% |
| Deferred charges and accrued income | 490/1 | €4,929 | €7,534 | +€2,606 | +52.9% |
| Total equity and liabilities | 10/49 | €231,238 | €257,300 | +€26,063 | +11.3% |
| Equity | 10/15 | -€681,939 | -€667,069 | +€14,870 | +2.2% |
| Contributions | 10/11 | €200,000 | €200,000 | = | 0.0% |
| Reserves | 13 | €1,859 | €1,859 | = | 0.0% |
| Non-distributable reserves | 130/1 | €0 | - | = | |
| Reserves not available under the articles | 1311 | €0 | - | = | |
| Distributable reserves | 133 | €1,859 | €1,859 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€883,798 | -€868,928 | +€14,870 | +1.7% |
| Amounts payable | 17/49 | €913,176 | €924,370 | +€11,193 | +1.2% |
| Amounts payable after more than one year | 17 | €720,000 | €746,448 | +€26,448 | +3.7% |
| Financial debts | 170/4 | €720,000 | €746,448 | +€26,448 | +3.7% |
| Amounts payable within one year | 42/48 | €193,176 | €177,922 | -€15,254 | -7.9% |
| Current portion of amounts payable after more than one year | 42 | - | €6,646 | +€6,646 | |
| Trade debts | 44 | €60,096 | €46,009 | -€14,088 | -23.4% |
| Suppliers | 440/4 | €60,096 | €46,009 | -€14,088 | -23.4% |
| Taxes, remuneration and social security | 45 | €44,877 | €37,681 | -€7,196 | -16.0% |
| Taxes | 450/3 | €14,952 | €8,002 | -€6,950 | -46.5% |
| Remuneration and social security | 454/9 | €29,925 | €29,679 | -€247 | -0.8% |
| Other amounts payable | 47/48 | €88,202 | €87,586 | -€616 | -0.7% |
| Accrued charges and deferred income | 492/3 | €0 | - | = | |
| Non-recurring operating income | 76A | €0 | - | = | |
| Remuneration, social security and pensions | 62 | €416,627 | €387,630 | -€28,996 | -7.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €44,508 | €34,249 | -€10,259 | -23.0% |
| Other operating charges | 640/8 | €8,445 | €8,286 | -€158 | -1.9% |
| Gross operating margin | 9900 | €430,264 | €481,707 | +€51,443 | +12.0% |
| Operating profit (loss) | 9901 | -€39,315 | €51,541 | +€90,856 | |
| Financial income | 75/76B | €4,902 | €177 | -€4,725 | -96.4% |
| Recurring financial income | 75 | €4,902 | €177 | -€4,725 | -96.4% |
| Financial charges | 65/66B | €35,594 | €36,849 | +€1,255 | +3.5% |
| Recurring financial charges | 65 | €35,594 | €36,849 | +€1,255 | +3.5% |
| Profit (loss) for the period before taxes | 9903 | -€70,006 | €14,870 | +€84,876 | |
| Income taxes | 67/77 | €0 | - | = | |
| Profit (loss) for the period | 9904 | -€70,006 | €14,870 | +€84,876 | |
| Profit (loss) for the period to be appropriated | 9905 | -€70,006 | €14,870 | +€84,876 |
Source: filed annual accounts (NBB), fiscal years ended 30 September 2024 and 30 September 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 1 October 2026 via checked.be.