HORECATHINKERS: 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.
HORECATHINKERS
Largest movements
- Receivables within one year -€24,219
down €24,219 (-20.4%), from €118,448 to €94,229
of which Other amounts receivable: -€12,644
- Cash +€9,849
up €9,849, from €0 to €9,849
mainly Receivables within one year (+€24,219) and Receivables after one year (+€6,482)
- Receivables after one year -€6,482
down €6,482 (-51.6%), from €12,570 to €6,087
- Tangible fixed assets -€3,089
down €3,089 (-30.9%), from €9,992 to €6,903
of which Furniture and vehicles: -€2,128
- Deferred charges and accrued income -€1,929
down €1,929 (-25.1%), from €7,696 to €5,767
- Other debts -€16,071
down €16,071 (-41.8%), from €38,407 to €22,336
- Tax, wage and social debts -€9,069
down €9,069 (-73.8%), from €12,287 to €3,218
- Gross operating margin -€22,679
down €22,679 (-61.4%), from €36,919 to €14,240
- Other operating charges -€7,137
down €7,137 (-93.3%), from €7,649 to €512
- Taxes -€6,891
down €6,891 (-82.0%), from €8,408 to €1,517
- Depreciation +€717
up €717 (+17.1%), from €4,202 to €4,920
- Financial income +€596
up €596 (+317%), from €188 to €785
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 | €152,352 | €126,482 | -€25,869 | -17.0% |
| Fixed assets | 21/28 | €13,638 | €10,549 | -€3,089 | -22.6% |
| Tangible fixed assets | 22/27 | €9,992 | €6,903 | -€3,089 | -30.9% |
| Land and buildings | 22 | €502 | €439 | -€63 | -12.5% |
| Plant, machinery and equipment | 23 | €2,191 | €1,927 | -€263 | -12.0% |
| Furniture and vehicles | 24 | €5,691 | €3,563 | -€2,128 | -37.4% |
| Other tangible fixed assets | 26 | €1,608 | €974 | -€634 | -39.5% |
| Financial fixed assets | 28 | €3,646 | €3,646 | = | 0.0% |
| Current assets | 29/58 | €138,714 | €115,933 | -€22,781 | -16.4% |
| Amounts receivable after more than one year | 29 | €12,570 | €6,087 | -€6,482 | -51.6% |
| Other amounts receivable | 291 | €12,570 | €6,087 | -€6,482 | -51.6% |
| Amounts receivable within one year | 40/41 | €118,448 | €94,229 | -€24,219 | -20.4% |
| Trade receivables | 40 | €93,779 | €82,204 | -€11,575 | -12.3% |
| Other amounts receivable | 41 | €24,669 | €12,025 | -€12,644 | -51.3% |
| Cash at bank and in hand | 54/58 | €0 | €9,849 | +€9,849 | |
| Deferred charges and accrued income | 490/1 | €7,696 | €5,767 | -€1,929 | -25.1% |
| Total equity and liabilities | 10/49 | €152,352 | €126,482 | -€25,869 | -17.0% |
| Equity | 10/15 | €92,309 | €93,813 | +€1,504 | +1.6% |
| Contributions | 10/11 | €6,200 | €6,200 | = | 0.0% |
| Reserves | 13 | €79,256 | €80,760 | +€1,504 | +1.9% |
| Non-distributable reserves | 130/1 | €0 | - | = | |
| Reserves not available under the articles | 1311 | €0 | - | = | |
| Distributable reserves | 133 | €79,256 | €80,760 | +€1,504 | +1.9% |
| Profit (loss) carried forward | 14 | €6,853 | €6,853 | = | 0.0% |
| Amounts payable | 17/49 | €60,043 | €32,669 | -€27,373 | -45.6% |
| Amounts payable within one year | 42/48 | €56,530 | €30,204 | -€26,326 | -46.6% |
| Financial debts | 43 | €1,476 | €0 | -€1,476 | -100% |
| Credit institutions | 430/8 | €1,476 | €0 | -€1,476 | -100% |
| Trade debts | 44 | €4,360 | €4,650 | +€291 | +6.7% |
| Suppliers | 440/4 | €4,360 | €4,650 | +€291 | +6.7% |
| Taxes, remuneration and social security | 45 | €12,287 | €3,218 | -€9,069 | -73.8% |
| Taxes | 450/3 | €12,287 | €3,218 | -€9,069 | -73.8% |
| Other amounts payable | 47/48 | €38,407 | €22,336 | -€16,071 | -41.8% |
| Accrued charges and deferred income | 492/3 | €3,513 | €2,465 | -€1,048 | -29.8% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €4,202 | €4,920 | +€717 | +17.1% |
| Other operating charges | 640/8 | €7,649 | €512 | -€7,137 | -93.3% |
| Gross operating margin | 9900 | €36,919 | €14,240 | -€22,679 | -61.4% |
| Operating profit (loss) | 9901 | €25,067 | €8,808 | -€16,260 | -64.9% |
| Financial income | 75/76B | €188 | €785 | +€596 | +317% |
| Recurring financial income | 75 | €188 | €785 | +€596 | +317% |
| Financial charges | 65/66B | €6,282 | €6,572 | +€290 | +4.6% |
| Recurring financial charges | 65 | €6,282 | €6,572 | +€290 | +4.6% |
| Profit (loss) for the period before taxes | 9903 | €18,974 | €3,021 | -€15,953 | -84.1% |
| Income taxes | 67/77 | €8,408 | €1,517 | -€6,891 | -82.0% |
| Profit (loss) for the period | 9904 | €10,566 | €1,504 | -€9,062 | -85.8% |
| Profit (loss) for the period to be appropriated | 9905 | €10,566 | €1,504 | -€9,062 | -85.8% |
Source: filed annual accounts (NBB), financial years ended 30 June 2024 and 30 June 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 23 October 2026 via checked.be.