HORECAMAT: 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.
HORECAMAT
Largest movements
- Receivables within one year -€75,477
down €75,477 (-80.3%), from €93,941 to €18,464
- Tangible fixed assets -€38,007
down €38,007 (-12.6%), from €301,819 to €263,812
of which Plant, machinery and equipment: -€20,303
- Intangible fixed assets -€15,440
down €15,440 (-20.0%), from €77,169 to €61,729
- Profit (loss) carried forward -€72,316
down €72,316, from €60,772 to -€11,544
- Debts after one year -€49,085
down €49,085 (-19.7%), from €249,559 to €200,474
of which Financial debts: -€44,135
- Tax, wage and social debts -€15,012
down €15,012 (-49.6%), from €30,266 to €15,254
of which Taxes: -€10,054
- Current portion of long-term debt -€13,795
down €13,795 (-24.7%), from €55,931 to €42,136
- Other debts +€13,164
up €13,164 (+30.8%), from €42,778 to €55,942
- Gross operating margin -€118,551
down €118,551 (-91.2%), from €130,046 to €11,496
- Staff costs -€15,689
down €15,689 (-48.2%), from €32,548 to €16,859
- Depreciation +€3,997
up €3,997 (+8.0%), from €49,923 to €53,920
- Other operating charges +€2,425
up €2,425 (+68.0%), from €3,566 to €5,991
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 | €477,215 | €347,713 | -€129,502 | -27.1% |
| Fixed assets | 21/28 | €381,501 | €328,055 | -€53,447 | -14.0% |
| Intangible fixed assets | 21 | €77,169 | €61,729 | -€15,440 | -20.0% |
| Tangible fixed assets | 22/27 | €301,819 | €263,812 | -€38,007 | -12.6% |
| Land and buildings | 22 | €229,941 | €214,514 | -€15,427 | -6.7% |
| Plant, machinery and equipment | 23 | €63,145 | €42,842 | -€20,303 | -32.2% |
| Furniture and vehicles | 24 | €2,575 | €1,682 | -€893 | -34.7% |
| Other tangible fixed assets | 26 | €6,159 | €4,774 | -€1,384 | -22.5% |
| Financial fixed assets | 28 | €2,513 | €2,513 | = | 0.0% |
| Current assets | 29/58 | €95,714 | €19,659 | -€76,055 | -79.5% |
| Stocks and contracts in progress | 3 | €618 | - | -€618 | |
| Stocks | 30/36 | €618 | - | -€618 | |
| Amounts receivable within one year | 40/41 | €93,941 | €18,464 | -€75,477 | -80.3% |
| Trade receivables | 40 | €93,941 | €18,464 | -€75,477 | -80.3% |
| Cash at bank and in hand | 54/58 | €164 | €248 | +€84 | +51.0% |
| Deferred charges and accrued income | 490/1 | €992 | €947 | -€44 | -4.5% |
| Total equity and liabilities | 10/49 | €477,215 | €347,713 | -€129,502 | -27.1% |
| Equity | 10/15 | €82,601 | €10,285 | -€72,316 | -87.5% |
| Contributions | 10/11 | €21,830 | €21,830 | = | 0.0% |
| Profit (loss) carried forward | 14 | €60,772 | -€11,544 | -€72,316 | |
| Amounts payable | 17/49 | €394,614 | €337,428 | -€57,186 | -14.5% |
| Amounts payable after more than one year | 17 | €249,559 | €200,474 | -€49,085 | -19.7% |
| Financial debts | 170/4 | €243,289 | €199,154 | -€44,135 | -18.1% |
| Other amounts payable | 178/9 | €6,270 | €1,320 | -€4,950 | -78.9% |
| Amounts payable within one year | 42/48 | €144,991 | €135,588 | -€9,403 | -6.5% |
| Current portion of amounts payable after more than one year | 42 | €55,931 | €42,136 | -€13,795 | -24.7% |
| Financial debts | 43 | - | €4,654 | +€4,654 | |
| Other loans | 439 | - | €4,654 | +€4,654 | |
| Trade debts | 44 | €16,016 | €17,603 | +€1,587 | +9.9% |
| Suppliers | 440/4 | €16,016 | €17,603 | +€1,587 | +9.9% |
| Taxes, remuneration and social security | 45 | €30,266 | €15,254 | -€15,012 | -49.6% |
| Taxes | 450/3 | €20,201 | €10,147 | -€10,054 | -49.8% |
| Remuneration and social security | 454/9 | €10,065 | €5,107 | -€4,958 | -49.3% |
| Other amounts payable | 47/48 | €42,778 | €55,942 | +€13,164 | +30.8% |
| Accrued charges and deferred income | 492/3 | €64 | €1,366 | +€1,302 | +2040.6% |
| Remuneration, social security and pensions | 62 | €32,548 | €16,859 | -€15,689 | -48.2% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €49,923 | €53,920 | +€3,997 | +8.0% |
| Other operating charges | 640/8 | €3,566 | €5,991 | +€2,425 | +68.0% |
| Gross operating margin | 9900 | €130,046 | €11,496 | -€118,551 | -91.2% |
| Operating profit (loss) | 9901 | €44,009 | -€65,275 | -€109,284 | |
| Financial income | 75/76B | €154 | €397 | +€243 | +158.0% |
| Recurring financial income | 75 | €154 | €397 | +€243 | +158.0% |
| Financial charges | 65/66B | €8,270 | €7,438 | -€832 | -10.1% |
| Recurring financial charges | 65 | €8,270 | €7,438 | -€832 | -10.1% |
| Profit (loss) for the period before taxes | 9903 | €35,893 | -€72,316 | -€108,209 | |
| Profit (loss) for the period | 9904 | €35,893 | -€72,316 | -€108,209 | |
| Profit (loss) for the period to be appropriated | 9905 | €35,893 | -€72,316 | -€108,209 |
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 8 October 2026 via checked.be.