Horecaplein: 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.
Horecaplein
Largest movements
- Receivables within one year -€16,336
down €16,336 (-45.1%), from €36,201 to €19,865
of which Other amounts receivable: -€15,014
- Tangible fixed assets -€6,636
down €6,636 (-12.6%), from €52,855 to €46,219
of which Other tangible fixed assets: -€6,793
- Stocks and contracts -€3,943
down €3,943 (-34.2%), from €11,525 to €7,582
- Cash -€3,496
down €3,496 (-28.9%), from €12,092 to €8,596
mainly Debts after one year (-€20,037) and Net result for the year (-€9,116)
- Debts after one year -€20,037
no longer reported in 2025 (was €20,037)
- Tax, wage and social debts +€10,736
up €10,736 (+33.2%), from €32,317 to €43,054
of which Taxes: +€5,741
- Profit (loss) carried forward -€9,116
down €9,116 (-27.8%), from -€32,800 to -€41,916
- Current portion of long-term debt -€8,445
down €8,445 (-29.7%), from €28,482 to €20,037
- Other debts -€1,496
no longer reported in 2025 (was €1,496)
- Staff costs +€26,508
up €26,508 (+14.0%), from €189,393 to €215,901
- Gross operating margin -€14,706
down €14,706 (-6.2%), from €238,160 to €223,454
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.
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.
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €119,642 | €90,148 | -€29,493 | -24.7% |
| Fixed assets | 21/28 | €59,080 | €52,444 | -€6,636 | -11.2% |
| Tangible fixed assets | 22/27 | €52,855 | €46,219 | -€6,636 | -12.6% |
| Plant, machinery and equipment | 23 | €2,250 | €1,788 | -€462 | -20.5% |
| Furniture and vehicles | 24 | €3,810 | €4,429 | +€619 | +16.2% |
| Other tangible fixed assets | 26 | €46,795 | €40,002 | -€6,793 | -14.5% |
| Financial fixed assets | 28 | €6,225 | €6,225 | = | 0.0% |
| Current assets | 29/58 | €60,562 | €37,705 | -€22,857 | -37.7% |
| Stocks and contracts in progress | 3 | €11,525 | €7,582 | -€3,943 | -34.2% |
| Stocks | 30/36 | €11,525 | €7,582 | -€3,943 | -34.2% |
| Amounts receivable within one year | 40/41 | €36,201 | €19,865 | -€16,336 | -45.1% |
| Trade receivables | 40 | €6,277 | €4,955 | -€1,322 | -21.1% |
| Other amounts receivable | 41 | €29,924 | €14,910 | -€15,014 | -50.2% |
| Cash at bank and in hand | 54/58 | €12,092 | €8,596 | -€3,496 | -28.9% |
| Deferred charges and accrued income | 490/1 | €744 | €1,661 | +€917 | +123.2% |
| Total equity and liabilities | 10/49 | €119,642 | €90,148 | -€29,493 | -24.7% |
| Equity | 10/15 | -€29,800 | -€38,916 | -€9,116 | -30.6% |
| Contributions | 10/11 | €3,000 | €3,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€32,800 | -€41,916 | -€9,116 | -27.8% |
| Amounts payable | 17/49 | €149,442 | €129,065 | -€20,377 | -13.6% |
| Amounts payable after more than one year | 17 | €20,037 | - | -€20,037 | |
| Financial debts | 170/4 | €20,037 | - | -€20,037 | |
| Amounts payable within one year | 42/48 | €129,405 | €129,065 | -€340 | -0.3% |
| Current portion of amounts payable after more than one year | 42 | €28,482 | €20,037 | -€8,445 | -29.7% |
| Trade debts | 44 | €67,109 | €65,974 | -€1,135 | -1.7% |
| Suppliers | 440/4 | €67,109 | €65,974 | -€1,135 | -1.7% |
| Taxes, remuneration and social security | 45 | €32,317 | €43,054 | +€10,736 | +33.2% |
| Taxes | 450/3 | €10,275 | €16,016 | +€5,741 | +55.9% |
| Remuneration and social security | 454/9 | €22,042 | €27,038 | +€4,995 | +22.7% |
| Other amounts payable | 47/48 | €1,496 | - | -€1,496 | |
| Remuneration, social security and pensions | 62 | €189,393 | €215,901 | +€26,508 | +14.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €8,476 | €9,036 | +€560 | +6.6% |
| Other operating charges | 640/8 | €188 | €120 | -€68 | -36.2% |
| Gross operating margin | 9900 | €238,160 | €223,454 | -€14,706 | -6.2% |
| Operating profit (loss) | 9901 | €40,103 | -€1,603 | -€41,706 | |
| Financial income | 75/76B | - | €0 | +€0 | |
| Recurring financial income | 75 | - | €0 | +€0 | |
| Financial charges | 65/66B | €5,794 | €7,514 | +€1,720 | +29.7% |
| Recurring financial charges | 65 | €5,095 | €5,957 | +€861 | +16.9% |
| Non-recurring financial charges | 66B | €699 | €1,557 | +€858 | +122.9% |
| Profit (loss) for the period before taxes | 9903 | €34,309 | -€9,116 | -€43,425 | |
| Profit (loss) for the period | 9904 | €34,309 | -€9,116 | -€43,425 | |
| Profit (loss) for the period to be appropriated | 9905 | €34,309 | -€9,116 | -€43,425 |
Source: filed annual accounts (NBB), fiscal years ended 31 December 2024 and 31 December 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 1 October 2026 via checked.be.