HORECAFOCUS: 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.
What changed
HORECAFOCUS
NACE 63.920, Other information service activities
financial year 2024 against 2025filed annual accounts (NBB)
Net result for the year
€805,355
2024 · €139,725+€665,629
Equity
€1.7m
2024 · €981,573+€713,573
Cash
€1.8m
2024 · €1.0m+€766,909
Balance sheet total
€2.9m
2024 · €2.0m+€927,100
Largest movements
Assets
- Cash +€766,909
up €766,909 (+76.1%), from €1.0m to €1.8m
mainly Net result for the year (+€805,355) and Tax, wage and social debts (+€322,765)
- Receivables within one year +€109,553
up €109,553 (+12.4%), from €885,552 to €995,104
of which Trade receivables: +€85,833
- Deferred charges and accrued income +€48,846
up €48,846 (+114.7%), from €42,599 to €91,446
Equity and liabilities
- Profit (loss) carried forward +€705,513
up €705,513 (+75.2%), from €938,716 to €1.6m
- Tax, wage and social debts +€322,765
up €322,765 (+83.1%), from €388,345 to €711,110
of which Remuneration and social security: +€175,773
- Other debts -€76,025
down €76,025 (-45.4%), from €167,619 to €91,594
- Trade debts -€39,423
down €39,423 (-11.1%), from €355,718 to €316,296
Income statement
- Turnover +€2.8m
up €2.8m (+79.1%), from €3.5m to €6.2m
- Staff costs +€964,775
up €964,775 (+50.1%), from €1.9m to €2.9m
- Services and other goods +€665,523
up €665,523 (+44.3%), from €1.5m to €2.2m
- Taxes +€345,805
up €345,805 (+998.8%), from €34,621 to €380,426
- Write-downs +€130,633
new in 2025: €130,633
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.
Result 2024
€139,725
Turnover
+€2.8m
Other operating income
+€21,117
Goods and materials
+€1,238
Services and other goods
-€665,523
Staff costs
-€964,775
Depreciation
-€7,306
Write-downs
-€130,633
Other operating charges
-€2,239
Financial income
+€3,055
Financial charges
-€1,079
Taxes
-€345,805
Result 2025
€805,355
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.
From operations
+€873,455
Investment
-€20,974
Financing
-€85,572
Cash 2024
€1.0m
From operations (derived)
+€873,455
Net result for the year
+€805,355
Depreciation
+€19,182
Receivables within one year
-€109,553
Deferred charges and accrued income
-€48,846
Trade debts
-€39,423
Tax, wage and social debts
+€322,765
Other debts
-€76,025
Investment (derived)
-€20,974
Investment in fixed assets (net)
-€20,974
Financing
-€85,572
Debts after one year
+€2,523
Short-term financial debts
+€3,687
Contributions, distributions and other
-€91,782
Cash 2025
€1.8m
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €1,978,248 | €2,905,348 | +€927,100 | +46.9% |
| Fixed assets | 21/28 | €42,891 | €44,683 | +€1,792 | +4.2% |
| Intangible fixed assets | 21 | €819 | €0 | -€819 | -100.0% |
| Tangible fixed assets | 22/27 | €33,572 | €38,618 | +€5,046 | +15.0% |
| Land and buildings | 22 | - | €0 | = | |
| Plant, machinery and equipment | 23 | - | €17,365 | +€17,365 | |
| Furniture and vehicles | 24 | €33,572 | €21,253 | -€12,320 | -36.7% |
| Financial fixed assets | 28 | €8,499 | €6,065 | -€2,434 | -28.6% |
| Other financial fixed assets | 284/8 | €8,499 | €6,065 | -€2,434 | -28.6% |
| Amounts receivable and cash guarantees | 285/8 | €8,499 | €6,065 | -€2,434 | -28.6% |
| Current assets | 29/58 | €1,935,357 | €2,860,665 | +€925,308 | +47.8% |
| Stocks and contracts in progress | 3 | €0 | - | = | |
| Amounts receivable within one year | 40/41 | €885,552 | €995,104 | +€109,553 | +12.4% |
| Trade receivables | 40 | €368,453 | €454,286 | +€85,833 | +23.3% |
| Other amounts receivable | 41 | €517,099 | €540,818 | +€23,720 | +4.6% |
| Cash at bank and in hand | 54/58 | €1,007,206 | €1,774,115 | +€766,909 | +76.1% |
| Deferred charges and accrued income | 490/1 | €42,599 | €91,446 | +€48,846 | +114.7% |
| Total equity and liabilities | 10/49 | €1,978,248 | €2,905,348 | +€927,100 | +46.9% |
| Equity | 10/15 | €981,573 | €1,695,146 | +€713,573 | +72.7% |
| Contributions | 10/11 | €18,600 | €24,800 | +€6,200 | +33.3% |
| Reserves | 13 | €24,257 | €26,117 | +€1,860 | +7.7% |
| Non-distributable reserves | 130/1 | €1,860 | €3,720 | +€1,860 | +100.0% |
| Reserves not available under the articles | 1311 | €1,860 | €3,720 | +€1,860 | +100.0% |
| Tax-exempt reserves | 132 | €22,397 | €22,397 | = | 0.0% |
| Profit (loss) carried forward | 14 | €938,716 | €1,644,229 | +€705,513 | +75.2% |
| Amounts payable | 17/49 | €996,675 | €1,210,202 | +€213,527 | +21.4% |
| Amounts payable after more than one year | 17 | €83,977 | €86,500 | +€2,523 | +3.0% |
| Financial debts | 170/4 | €82,477 | €85,000 | +€2,523 | +3.1% |
| Subordinated loans | 170 | €82,477 | €85,000 | +€2,523 | +3.1% |
| Other amounts payable | 178/9 | €1,500 | €1,500 | = | 0.0% |
| Amounts payable within one year | 42/48 | €912,698 | €1,123,702 | +€211,004 | +23.1% |
| Financial debts | 43 | €1,015 | €4,702 | +€3,687 | +363.1% |
| Credit institutions | 430/8 | €1,015 | €4,702 | +€3,687 | +363.1% |
| Trade debts | 44 | €355,718 | €316,296 | -€39,423 | -11.1% |
| Suppliers | 440/4 | €355,718 | €316,296 | -€39,423 | -11.1% |
| Taxes, remuneration and social security | 45 | €388,345 | €711,110 | +€322,765 | +83.1% |
| Taxes | 450/3 | €123,894 | €270,887 | +€146,992 | +118.6% |
| Remuneration and social security | 454/9 | €264,451 | €440,224 | +€175,773 | +66.5% |
| Other amounts payable | 47/48 | €167,619 | €91,594 | -€76,025 | -45.4% |
| Operating income | 70/76A | €3,619,812 | €6,398,508 | +€2.8m | +76.8% |
| Turnover | 70 | €3,485,453 | €6,243,032 | +€2.8m | +79.1% |
| Other operating income | 74 | €134,359 | €155,477 | +€21,117 | +15.7% |
| Operating charges | 60/66A | €3,443,160 | €5,212,397 | +€1.8m | +51.4% |
| Goods for resale, raw materials and consumables | 60 | €1,428 | €190 | -€1,238 | -86.7% |
| Purchases | 600/8 | €1,428 | €190 | -€1,238 | -86.7% |
| Services and other goods | 61 | €1,501,129 | €2,166,652 | +€665,523 | +44.3% |
| Remuneration, social security and pensions | 62 | €1,925,052 | €2,889,827 | +€964,775 | +50.1% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €11,876 | €19,182 | +€7,306 | +61.5% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | - | €130,633 | +€130,633 | |
| Other operating charges | 640/8 | €3,675 | €5,914 | +€2,239 | +60.9% |
| Operating profit (loss) | 9901 | €176,652 | €1,186,111 | +€1.0m | +571.4% |
| Financial income | 75/76B | €31 | €3,086 | +€3,055 | +9952.1% |
| Recurring financial income | 75 | €31 | €3,086 | +€3,055 | +9952.1% |
| Income from current assets | 751 | €28 | €2,964 | +€2,936 | +10592.5% |
| Other financial income | 752/9 | €3 | €122 | +€119 | +3995.6% |
| Financial charges | 65/66B | €2,337 | €3,416 | +€1,079 | +46.2% |
| Recurring financial charges | 65 | €2,337 | €3,416 | +€1,079 | +46.2% |
| Debt charges | 650 | - | €32 | +€32 | |
| Other financial charges | 652/9 | €2,337 | €3,383 | +€1,047 | +44.8% |
| Profit (loss) for the period before taxes | 9903 | €174,346 | €1,185,781 | +€1.0m | +580.1% |
| Income taxes | 67/77 | €34,621 | €380,426 | +€345,805 | +998.8% |
| Taxes | 670/3 | €34,621 | €380,426 | +€345,805 | +998.8% |
| Profit (loss) for the period | 9904 | €139,725 | €805,355 | +€665,629 | +476.4% |
| Profit (loss) for the period to be appropriated | 9905 | €139,725 | €805,355 | +€665,629 | +476.4% |
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 9 October 2026 via checked.be.