HORECABAR: 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.
HORECABAR
Largest movements
- Cash -€6,542
down €6,542 (-65.8%), from €9,939 to €3,397
mainly Net result for the year (-€12,726) and Trade debts (-€8,143)
- Receivables within one year -€2,586
down €2,586 (-62.3%), from €4,153 to €1,567
of which Trade receivables: -€2,262
- Tangible fixed assets -€2,500
down €2,500 (-10.0%), from €24,993 to €22,493
- Stocks and contracts +€860
up €860 (+8.3%), from €10,360 to €11,220
- Deferred charges and accrued income +€835
up €835 (+19.4%), from €4,307 to €5,142
- Profit (loss) carried forward -€12,726
down €12,726 (-16.2%), from -€78,558 to -€91,284
- Trade debts -€8,143
down €8,143 (-44.8%), from €18,164 to €10,021
- Tax, wage and social debts +€5,773
up €5,773 (+43.6%), from €13,235 to €19,008
of which Taxes: +€4,657
- Other debts +€5,162
up €5,162 (+6.3%), from €82,299 to €87,460
- Staff costs +€49,189
up €49,189 (+77.7%), from €63,340 to €112,529
- Gross operating margin +€31,696
up €31,696 (+42.3%), from €75,002 to €106,697
- Depreciation +€2,493
up €2,493 (+36396.4%), from €7 to €2,500
- Financial charges +€1,311
up €1,311 (+58.6%), from €2,238 to €3,549
From the 2023 result to the 2024 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 2023 and 2024 balance sheets and the 2024 result: not a filed cash-flow statement. It shows where the money came from and went.
Every line side by side
| Line | Code | 2023 | 2024 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €53,753 | €43,819 | -€9,933 | -18.5% |
| Fixed assets | 21/28 | €24,993 | €22,493 | -€2,500 | -10.0% |
| Tangible fixed assets | 22/27 | €24,993 | €22,493 | -€2,500 | -10.0% |
| Plant, machinery and equipment | 23 | €24,993 | €22,493 | -€2,500 | -10.0% |
| Current assets | 29/58 | €28,760 | €21,326 | -€7,433 | -25.8% |
| Stocks and contracts in progress | 3 | €10,360 | €11,220 | +€860 | +8.3% |
| Stocks | 30/36 | €10,360 | €11,220 | +€860 | +8.3% |
| Amounts receivable within one year | 40/41 | €4,153 | €1,567 | -€2,586 | -62.3% |
| Trade receivables | 40 | €2,282 | €20 | -€2,262 | -99.1% |
| Other amounts receivable | 41 | €1,871 | €1,547 | -€324 | -17.3% |
| Cash at bank and in hand | 54/58 | €9,939 | €3,397 | -€6,542 | -65.8% |
| Deferred charges and accrued income | 490/1 | €4,307 | €5,142 | +€835 | +19.4% |
| Total equity and liabilities | 10/49 | €53,753 | €43,819 | -€9,933 | -18.5% |
| Equity | 10/15 | -€59,945 | -€72,671 | -€12,726 | -21.2% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €13 | €13 | = | 0.0% |
| Non-distributable reserves | 130/1 | €13 | €13 | = | 0.0% |
| Reserves not available under the articles | 1311 | €13 | €13 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€78,558 | -€91,284 | -€12,726 | -16.2% |
| Amounts payable | 17/49 | €113,697 | €116,490 | +€2,793 | +2.5% |
| Amounts payable within one year | 42/48 | €113,697 | €116,490 | +€2,793 | +2.5% |
| Trade debts | 44 | €18,164 | €10,021 | -€8,143 | -44.8% |
| Suppliers | 440/4 | €18,164 | €10,021 | -€8,143 | -44.8% |
| Taxes, remuneration and social security | 45 | €13,235 | €19,008 | +€5,773 | +43.6% |
| Taxes | 450/3 | €3,375 | €8,031 | +€4,657 | +138.0% |
| Remuneration and social security | 454/9 | €9,860 | €10,977 | +€1,117 | +11.3% |
| Other amounts payable | 47/48 | €82,299 | €87,460 | +€5,162 | +6.3% |
| Remuneration, social security and pensions | 62 | €63,340 | €112,529 | +€49,189 | +77.7% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €7 | €2,500 | +€2,493 | +36396.4% |
| Other operating charges | 640/8 | €1,374 | €846 | -€528 | -38.4% |
| Gross operating margin | 9900 | €75,002 | €106,697 | +€31,696 | +42.3% |
| Operating profit (loss) | 9901 | €10,281 | -€9,178 | -€19,459 | |
| Financial income | 75/76B | €6 | €1 | -€5 | -83.2% |
| Recurring financial income | 75 | €6 | €1 | -€5 | -83.2% |
| Financial charges | 65/66B | €2,238 | €3,549 | +€1,311 | +58.6% |
| Recurring financial charges | 65 | €2,238 | €3,549 | +€1,311 | +58.6% |
| Profit (loss) for the period before taxes | 9903 | €8,048 | -€12,726 | -€20,774 | |
| Profit (loss) for the period | 9904 | €8,048 | -€12,726 | -€20,774 | |
| Profit (loss) for the period to be appropriated | 9905 | €8,048 | -€12,726 | -€20,774 |
Source: filed annual accounts (NBB), fiscal years ended 31 December 2023 and 31 December 2024. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 2 October 2026 via checked.be.