HORECALAC: 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.
HORECALAC
Largest movements
- Cash +€29,528
up €29,528 (+18,758%), from €157 to €29,686
mainly Tax, wage and social debts (+€54,986) and Other debts (+€46,161)
- Receivables within one year -€5,767
down €5,767 (-96.6%), from €5,971 to €204
- Stocks and contracts +€5,500
up €5,500 (+367%), from €1,500 to €7,000
- Tangible fixed assets +€3,471
up €3,471 (+74.3%), from €4,673 to €8,144
of which Furniture and vehicles: +€3,069
- Tax, wage and social debts +€54,986
up €54,986 (+63.3%), from €86,844 to €141,830
of which Taxes: +€43,181
- Other debts +€46,161
up €46,161 (+233%), from €19,835 to €65,996
- Trade debts -€33,550
down €33,550 (-12.1%), from €277,175 to €243,625
- Short-term financial debts -€29,747
no longer reported in 2025 (was €29,747)
- Profit (loss) carried forward -€5,119
down €5,119 (-1.2%), from -€421,666 to -€426,785
- Gross operating margin +€165,820
up €165,820 (+490%), from €33,816 to €199,636
- Staff costs +€23,057
up €23,057 (+14.4%), from €160,021 to €183,079
- Financial charges +€2,386
up €2,386 (+16.9%), from €14,098 to €16,484
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.
Derived cash bridge
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 | €12,395 | €45,126 | +€32,732 | +264% |
| Fixed assets | 21/28 | €4,766 | €8,237 | +€3,471 | +72.8% |
| Tangible fixed assets | 22/27 | €4,673 | €8,144 | +€3,471 | +74.3% |
| Plant, machinery and equipment | 23 | €4,572 | €4,974 | +€402 | +8.8% |
| Furniture and vehicles | 24 | €101 | €3,170 | +€3,069 | +3,031% |
| Financial fixed assets | 28 | €93 | €93 | = | 0.0% |
| Current assets | 29/58 | €7,628 | €36,889 | +€29,261 | +384% |
| Stocks and contracts in progress | 3 | €1,500 | €7,000 | +€5,500 | +367% |
| Stocks | 30/36 | €1,500 | €7,000 | +€5,500 | +367% |
| Amounts receivable within one year | 40/41 | €5,971 | €204 | -€5,767 | -96.6% |
| Other amounts receivable | 41 | €5,971 | €204 | -€5,767 | -96.6% |
| Cash at bank and in hand | 54/58 | €157 | €29,686 | +€29,528 | +18,758% |
| Total equity and liabilities | 10/49 | €12,395 | €45,126 | +€32,732 | +264% |
| Equity | 10/15 | -€401,206 | -€406,325 | -€5,119 | -1.3% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €1,860 | €1,860 | = | 0.0% |
| Non-distributable reserves | 130/1 | €1,860 | €1,860 | = | 0.0% |
| Reserves not available under the articles | 1311 | €1,860 | €1,860 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€421,666 | -€426,785 | -€5,119 | -1.2% |
| Amounts payable | 17/49 | €413,600 | €451,451 | +€37,851 | +9.2% |
| Amounts payable within one year | 42/48 | €413,600 | €451,451 | +€37,851 | +9.2% |
| Financial debts | 43 | €29,747 | - | -€29,747 | |
| Credit institutions | 430/8 | €29,747 | - | -€29,747 | |
| Trade debts | 44 | €277,175 | €243,625 | -€33,550 | -12.1% |
| Suppliers | 440/4 | €277,175 | €243,625 | -€33,550 | -12.1% |
| Taxes, remuneration and social security | 45 | €86,844 | €141,830 | +€54,986 | +63.3% |
| Taxes | 450/3 | €34,426 | €77,607 | +€43,181 | +125% |
| Remuneration and social security | 454/9 | €52,418 | €64,224 | +€11,805 | +22.5% |
| Other amounts payable | 47/48 | €19,835 | €65,996 | +€46,161 | +233% |
| Non-recurring operating income | 76A | - | €308 | +€308 | |
| Remuneration, social security and pensions | 62 | €160,021 | €183,079 | +€23,057 | +14.4% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €2,464 | €2,023 | -€441 | -17.9% |
| Other operating charges | 640/8 | €1,195 | - | -€1,195 | |
| Non-recurring operating charges | 66A | - | €3,170 | +€3,170 | |
| Gross operating margin | 9900 | €33,816 | €199,636 | +€165,820 | +490% |
| Operating profit (loss) | 9901 | -€129,864 | €11,365 | +€141,229 | |
| Financial income | 75/76B | €0 | - | -€0 | |
| Recurring financial income | 75 | €0 | - | -€0 | |
| Financial charges | 65/66B | €14,098 | €16,484 | +€2,386 | +16.9% |
| Recurring financial charges | 65 | €14,098 | €16,484 | +€2,386 | +16.9% |
| Profit (loss) for the period before taxes | 9903 | -€143,962 | -€5,119 | +€138,842 | +96.4% |
| Income taxes | 67/77 | €221 | - | -€221 | |
| Profit (loss) for the period | 9904 | -€144,182 | -€5,119 | +€139,063 | +96.4% |
| Profit (loss) for the period to be appropriated | 9905 | -€144,182 | -€5,119 | +€139,063 | +96.4% |
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 15 October 2026 via checked.be.