HorecAssist: 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.
HorecAssist
Largest movements
- Tangible fixed assets +€225,316
up €225,316 (+110%), from €204,906 to €430,222
of which Land and buildings: +€232,452
- Cash -€117,207
down €117,207 (-53.7%), from €218,285 to €101,078
mainly Investment in fixed assets (net) (-€239,245) and Contributions, distributions and other (-€175,000)
- Receivables within one year +€9,601
up €9,601 (+139%), from €6,913 to €16,514
of which Trade receivables: +€6,474
- Debts after one year +€106,036
up €106,036 (+166%), from €63,834 to €169,870
- Tax, wage and social debts -€25,152
down €25,152 (-51.7%), from €48,656 to €23,504
- Trade debts +€15,764
up €15,764 (+729%), from €2,163 to €17,927
- Reserves +€9,036
up €9,036 (+2.9%), from €312,251 to €321,287
of which Tax-exempt reserves: +€5,000
- Gross operating margin +€46,772
up €46,772 (+21.3%), from €219,784 to €266,556
- Taxes +€16,027
up €16,027 (+34.9%), from €45,887 to €61,914
- Depreciation +€9,140
up €9,140 (+174%), from €5,259 to €14,399
- Write-downs -€7,243
no longer reported in 2025 (was €7,243)
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 | €433,913 | €549,927 | +€116,014 | +26.7% |
| Fixed assets | 21/28 | €207,150 | €431,996 | +€224,846 | +109% |
| Intangible fixed assets | 21 | €1,968 | €1,498 | -€470 | -23.9% |
| Tangible fixed assets | 22/27 | €204,906 | €430,222 | +€225,316 | +110% |
| Land and buildings | 22 | €162,627 | €395,079 | +€232,452 | +143% |
| Furniture and vehicles | 24 | €42,279 | €35,143 | -€7,136 | -16.9% |
| Financial fixed assets | 28 | €276 | €276 | = | 0.0% |
| Current assets | 29/58 | €226,763 | €117,931 | -€108,832 | -48.0% |
| Amounts receivable within one year | 40/41 | €6,913 | €16,514 | +€9,601 | +139% |
| Trade receivables | 40 | €6,782 | €13,256 | +€6,474 | +95.5% |
| Other amounts receivable | 41 | €131 | €3,258 | +€3,127 | +2,387% |
| Cash at bank and in hand | 54/58 | €218,285 | €101,078 | -€117,207 | -53.7% |
| Deferred charges and accrued income | 490/1 | €1,565 | €339 | -€1,226 | -78.3% |
| Total equity and liabilities | 10/49 | €433,913 | €549,927 | +€116,014 | +26.7% |
| Equity | 10/15 | €313,751 | €322,787 | +€9,036 | +2.9% |
| Contributions | 10/11 | €1,500 | €1,500 | = | 0.0% |
| Reserves | 13 | €312,251 | €321,287 | +€9,036 | +2.9% |
| Tax-exempt reserves | 132 | - | €5,000 | +€5,000 | |
| Distributable reserves | 133 | €312,251 | €316,287 | +€4,036 | +1.3% |
| Amounts payable | 17/49 | €120,162 | €227,140 | +€106,978 | +89.0% |
| Amounts payable after more than one year | 17 | €63,834 | €169,870 | +€106,036 | +166% |
| Financial debts | 170/4 | €63,834 | €169,870 | +€106,036 | +166% |
| Amounts payable within one year | 42/48 | €56,328 | €56,979 | +€651 | +1.2% |
| Current portion of amounts payable after more than one year | 42 | €3,576 | €8,964 | +€5,388 | +151% |
| Trade debts | 44 | €2,163 | €17,927 | +€15,764 | +729% |
| Suppliers | 440/4 | €2,163 | €17,927 | +€15,764 | +729% |
| Taxes, remuneration and social security | 45 | €48,656 | €23,504 | -€25,152 | -51.7% |
| Taxes | 450/3 | €48,656 | €23,504 | -€25,152 | -51.7% |
| Other amounts payable | 47/48 | €1,933 | €6,584 | +€4,651 | +241% |
| Accrued charges and deferred income | 492/3 | - | €291 | +€291 | |
| Non-recurring operating income | 76A | €7,438 | - | -€7,438 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €5,259 | €14,399 | +€9,140 | +174% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | €7,243 | - | -€7,243 | |
| Other operating charges | 640/8 | €817 | €1,340 | +€523 | +64.0% |
| Non-recurring operating charges | 66A | €2,474 | €3,533 | +€1,059 | +42.8% |
| Gross operating margin | 9900 | €219,784 | €266,556 | +€46,772 | +21.3% |
| Operating profit (loss) | 9901 | €203,991 | €247,284 | +€43,293 | +21.2% |
| Financial income | 75/76B | €557 | €1,908 | +€1,351 | +243% |
| Recurring financial income | 75 | €557 | €1,908 | +€1,351 | +243% |
| Financial charges | 65/66B | €2,889 | €3,242 | +€353 | +12.2% |
| Recurring financial charges | 65 | €2,889 | €3,242 | +€353 | +12.2% |
| Profit (loss) for the period before taxes | 9903 | €201,659 | €245,950 | +€44,291 | +22.0% |
| Income taxes | 67/77 | €45,887 | €61,914 | +€16,027 | +34.9% |
| Profit (loss) for the period | 9904 | €155,772 | €184,036 | +€28,264 | +18.1% |
| Transfer to tax-exempt reserves | 689 | - | €5,000 | +€5,000 | |
| Profit (loss) for the period to be appropriated | 9905 | €155,772 | €179,036 | +€23,264 | +14.9% |
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 24 October 2026 via checked.be.