HORECA TOP SERVICE: what changed
HORECA TOP SERVICE
Largest movements
- Stocks and contracts -€18,037
down €18,037 (-57.5%), from €31,396 to €13,359
- Receivables within one year -€13,831
down €13,831 (-38.9%), from €35,585 to €21,754
of which Trade receivables: -€8,199
- Tangible fixed assets -€10,097
down €10,097 (-18.3%), from €55,275 to €45,179
of which Leasing and similar rights: -€12,700
- Cash -€3,657
down €3,657 (-78.1%), from €4,680 to €1,023
mainly Net result for the year (-€16,533) and Trade debts (-€15,507)
- Profit (loss) carried forward -€16,533
down €16,533 (-36.2%), from -€45,713 to -€62,246
- Trade debts -€15,507
down €15,507 (-19.4%), from €80,085 to €64,578
- Current portion of long-term debt -€12,963
down €12,963 (-50.6%), from €25,604 to €12,640
- Debts after one year -€12,625
down €12,625 (-30.0%), from €42,089 to €29,463
of which Financial debts: -€12,625
- Other debts +€6,741
up €6,741 (+259%), from €2,603 to €9,344
- Purchases and services -€63,885
down €63,885 (-14.5%), from €439,930 to €376,045
- Turnover -€29,608
down €29,608 (-7.2%), from €409,221 to €379,613
- Gross operating margin +€26,995
up €26,995, from -€23,283 to €3,712
Change in the result, 2024 to 2025
For each income-statement line you see the change as its effect on the result. Higher costs lower the result, higher income raises it.
Derived cash bridge
The bridge is derived from the 2024 and 2025 balance sheets and the 2025 result. There is no filed cash-flow statement. You see where the money came from and where it went.
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €136,603 | €91,217 | -€45,386 | -33.2% |
| Fixed assets | 21/28 | €64,942 | €54,845 | -€10,097 | -15.5% |
| Tangible fixed assets | 22/27 | €55,275 | €45,179 | -€10,097 | -18.3% |
| Plant, machinery and equipment | 23 | €4,337 | €6,940 | +€2,603 | +60.0% |
| Leasing and similar rights | 25 | €50,939 | €38,239 | -€12,700 | -24.9% |
| Financial fixed assets | 28 | €9,667 | €9,667 | = | 0.0% |
| Current assets | 29/58 | €71,661 | €36,371 | -€35,289 | -49.2% |
| Stocks and contracts in progress | 3 | €31,396 | €13,359 | -€18,037 | -57.5% |
| Stocks | 30/36 | €31,396 | €13,359 | -€18,037 | -57.5% |
| Amounts receivable within one year | 40/41 | €35,585 | €21,754 | -€13,831 | -38.9% |
| Trade receivables | 40 | €28,848 | €20,649 | -€8,199 | -28.4% |
| Other amounts receivable | 41 | €6,737 | €1,105 | -€5,632 | -83.6% |
| Cash at bank and in hand | 54/58 | €4,680 | €1,023 | -€3,657 | -78.1% |
| Deferred charges and accrued income | 490/1 | - | €236 | +€236 | |
| Total equity and liabilities | 10/49 | €136,603 | €91,217 | -€45,386 | -33.2% |
| Equity | 10/15 | -€17,113 | -€33,646 | -€16,533 | -96.6% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €10,000 | €10,000 | = | 0.0% |
| Distributable reserves | 133 | €10,000 | €10,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€45,713 | -€62,246 | -€16,533 | -36.2% |
| Amounts payable | 17/49 | €153,716 | €124,863 | -€28,853 | -18.8% |
| Amounts payable after more than one year | 17 | €42,089 | €29,463 | -€12,625 | -30.0% |
| Financial debts | 170/4 | €40,839 | €28,213 | -€12,625 | -30.9% |
| Other amounts payable | 178/9 | €1,250 | €1,250 | = | 0.0% |
| Amounts payable within one year | 42/48 | €111,627 | €95,400 | -€16,228 | -14.5% |
| Current portion of amounts payable after more than one year | 42 | €25,604 | €12,640 | -€12,963 | -50.6% |
| Financial debts | 43 | €105 | €105 | = | 0.0% |
| Credit institutions | 430/8 | €105 | €105 | = | 0.0% |
| Trade debts | 44 | €80,085 | €64,578 | -€15,507 | -19.4% |
| Suppliers | 440/4 | €80,085 | €64,578 | -€15,507 | -19.4% |
| Taxes, remuneration and social security | 45 | €3,230 | €8,732 | +€5,501 | +170% |
| Taxes | 450/3 | €231 | €231 | = | 0.0% |
| Remuneration and social security | 454/9 | €3,000 | €8,501 | +€5,501 | +183% |
| Other amounts payable | 47/48 | €2,603 | €9,344 | +€6,741 | +259% |
| Turnover | 70 | €409,221 | €379,613 | -€29,608 | -7.2% |
| Goods, raw materials, services and sundry goods | 60/61 | €439,930 | €376,045 | -€63,885 | -14.5% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €13,900 | €14,761 | +€860 | +6.2% |
| Other operating charges | 640/8 | €1,762 | €1,528 | -€233 | -13.2% |
| Non-recurring operating charges | 66A | - | €1,972 | +€1,972 | |
| Gross operating margin | 9900 | -€23,283 | €3,712 | +€26,995 | |
| Operating profit (loss) | 9901 | -€38,945 | -€14,549 | +€24,396 | +62.6% |
| Financial income | 75/76B | €1,429 | €1,614 | +€185 | +12.9% |
| Recurring financial income | 75 | €1,429 | €1,614 | +€185 | +12.9% |
| Financial charges | 65/66B | €6,506 | €3,598 | -€2,908 | -44.7% |
| Recurring financial charges | 65 | €6,506 | €3,598 | -€2,908 | -44.7% |
| Profit (loss) for the period before taxes | 9903 | -€44,021 | -€16,533 | +€27,488 | +62.4% |
| Profit (loss) for the period | 9904 | -€44,021 | -€16,533 | +€27,488 | +62.4% |
| Profit (loss) for the period to be appropriated | 9905 | -€44,021 | -€16,533 | +€27,488 | +62.4% |
Next steps
Calculation and sources
Source: filed annual accounts (NBB), financial years ended 31 December 2024 and 31 December 2025. Green is a favourable move for that line, red an unfavourable one. Prepared on 7 November 2026 via checked.be.