HORECA TECHNICS: 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 TECHNICS
Largest movements
- Current investments +€400,000
up €400,000 (+75.6%), from €529,095 to €929,095
- Cash -€111,138
down €111,138 (-22.2%), from €501,012 to €389,874
mainly Current investments (-€400,000) and Trade debts (-€42,835)
- Receivables within one year -€35,957
down €35,957 (-42.8%), from €84,096 to €48,139
of which Trade receivables: -€38,437
- Tangible fixed assets -€29,829
down €29,829 (-19.8%), from €150,995 to €121,166
of which Land and buildings: -€16,072
- Reserves +€265,261
up €265,261 (+22.0%), from €1.2m to €1.5m
of which Distributable reserves: +€267,116
- Trade debts -€42,835
down €42,835 (-87.6%), from €48,898 to €6,063
- Gross operating margin +€78,491
up €78,491 (+20.4%), from €385,099 to €463,590
- Other operating charges +€11,541
up €11,541 (+107.7%), from €10,719 to €22,260
- Taxes +€10,149
up €10,149 (+13.1%), from €77,267 to €87,416
- Staff costs +€8,780
up €8,780 (+19.1%), from €45,857 to €54,637
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 | €1,300,908 | €1,523,299 | +€222,392 | +17.1% |
| Fixed assets | 21/28 | €150,995 | €121,166 | -€29,829 | -19.8% |
| Tangible fixed assets | 22/27 | €150,995 | €121,166 | -€29,829 | -19.8% |
| Land and buildings | 22 | €97,777 | €81,705 | -€16,072 | -16.4% |
| Plant, machinery and equipment | 23 | €10,031 | €7,612 | -€2,419 | -24.1% |
| Furniture and vehicles | 24 | €43,187 | €31,849 | -€11,339 | -26.3% |
| Current assets | 29/58 | €1,149,913 | €1,402,134 | +€252,221 | +21.9% |
| Stocks and contracts in progress | 3 | €35,148 | €34,505 | -€643 | -1.8% |
| Stocks | 30/36 | €35,148 | €34,505 | -€643 | -1.8% |
| Amounts receivable within one year | 40/41 | €84,096 | €48,139 | -€35,957 | -42.8% |
| Trade receivables | 40 | €83,988 | €45,550 | -€38,437 | -45.8% |
| Other amounts receivable | 41 | €108 | €2,589 | +€2,481 | +2296.8% |
| Current investments | 50/53 | €529,095 | €929,095 | +€400,000 | +75.6% |
| Cash at bank and in hand | 54/58 | €501,012 | €389,874 | -€111,138 | -22.2% |
| Deferred charges and accrued income | 490/1 | €562 | €521 | -€41 | -7.3% |
| Total equity and liabilities | 10/49 | €1,300,908 | €1,523,299 | +€222,392 | +17.1% |
| Equity | 10/15 | €1,226,160 | €1,491,421 | +€265,261 | +21.6% |
| Contributions | 10/11 | €18,550 | €18,550 | = | 0.0% |
| Reserves | 13 | €1,207,610 | €1,472,871 | +€265,261 | +22.0% |
| Non-distributable reserves | 130/1 | €1,855 | - | -€1,855 | |
| Reserves not available under the articles | 1311 | €1,855 | - | -€1,855 | |
| Distributable reserves | 133 | €1,205,755 | €1,472,871 | +€267,116 | +22.2% |
| Amounts payable | 17/49 | €74,748 | €31,878 | -€42,870 | -57.4% |
| Amounts payable within one year | 42/48 | €74,748 | €31,878 | -€42,870 | -57.4% |
| Trade debts | 44 | €48,898 | €6,063 | -€42,835 | -87.6% |
| Suppliers | 440/4 | €48,898 | €6,063 | -€42,835 | -87.6% |
| Advances received on contracts in progress | 46 | €1,155 | - | -€1,155 | |
| Taxes, remuneration and social security | 45 | €10,238 | €11,421 | +€1,182 | +11.5% |
| Taxes | 450/3 | €3,489 | €3,641 | +€152 | +4.4% |
| Remuneration and social security | 454/9 | €6,749 | €7,780 | +€1,030 | +15.3% |
| Other amounts payable | 47/48 | €14,457 | €14,395 | -€62 | -0.4% |
| Remuneration, social security and pensions | 62 | €45,857 | €54,637 | +€8,780 | +19.1% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €32,063 | €31,679 | -€384 | -1.2% |
| Other operating charges | 640/8 | €10,719 | €22,260 | +€11,541 | +107.7% |
| Gross operating margin | 9900 | €385,099 | €463,590 | +€78,491 | +20.4% |
| Operating profit (loss) | 9901 | €296,459 | €355,014 | +€58,555 | +19.8% |
| Financial income | 75/76B | €282 | €633 | +€351 | +124.7% |
| Recurring financial income | 75 | €282 | €422 | +€140 | +49.7% |
| Non-recurring financial income | 76B | - | €211 | +€211 | |
| Financial charges | 65/66B | €2,101 | €2,970 | +€869 | +41.4% |
| Recurring financial charges | 65 | €1,241 | €2,970 | +€1,729 | +139.3% |
| Non-recurring financial charges | 66B | €860 | - | -€860 | |
| Profit (loss) for the period before taxes | 9903 | €294,640 | €352,677 | +€58,037 | +19.7% |
| Income taxes | 67/77 | €77,267 | €87,416 | +€10,149 | +13.1% |
| Profit (loss) for the period | 9904 | €217,373 | €265,261 | +€47,888 | +22.0% |
| Profit (loss) for the period to be appropriated | 9905 | €217,373 | €265,261 | +€47,888 | +22.0% |
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 10 October 2026 via checked.be.