HORECATOUCH: 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.
HORECATOUCH
Largest movements
- Intangible fixed assets +€356,787
up €356,787 (+336.7%), from €105,979 to €462,766
- Tangible fixed assets -€196,864
down €196,864 (-84.3%), from €233,535 to €36,670
of which Plant, machinery and equipment: -€129,771
- Current investments -€68,199
no longer reported in 2025 (was €68,199)
- Stocks and contracts -€41,004
no longer reported in 2025 (was €41,004)
- Receivables within one year +€7,941
up €7,941 (+8.2%), from €97,217 to €105,158
of which Other amounts receivable: +€40,328
- Trade debts +€60,866
up €60,866 (+127.4%), from €47,794 to €108,660
- Debts after one year +€12,945
up €12,945 (+29.6%), from €43,786 to €56,731
- Gross operating margin +€59,216
up €59,216 (+86.3%), from €68,622 to €127,838
- Depreciation -€33,823
down €33,823 (-28.2%), from €119,893 to €86,070
- Staff costs +€6,800
no longer reported in 2025 (was -€6,800)
- Financial charges +€2,318
up €2,318 (+42.2%), from €5,493 to €7,811
- Other operating charges -€1,574
down €1,574 (-69.4%), from €2,269 to €695
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 | €552,681 | €616,856 | +€64,175 | +11.6% |
| Fixed assets | 21/28 | €339,513 | €499,436 | +€159,923 | +47.1% |
| Intangible fixed assets | 21 | €105,979 | €462,766 | +€356,787 | +336.7% |
| Tangible fixed assets | 22/27 | €233,535 | €36,670 | -€196,864 | -84.3% |
| Plant, machinery and equipment | 23 | €130,603 | €832 | -€129,771 | -99.4% |
| Furniture and vehicles | 24 | €65,669 | €2,469 | -€63,200 | -96.2% |
| Other tangible fixed assets | 26 | €37,262 | €33,369 | -€3,893 | -10.4% |
| Current assets | 29/58 | €213,168 | €117,420 | -€95,748 | -44.9% |
| Stocks and contracts in progress | 3 | €41,004 | - | -€41,004 | |
| Stocks | 30/36 | €41,004 | - | -€41,004 | |
| Amounts receivable within one year | 40/41 | €97,217 | €105,158 | +€7,941 | +8.2% |
| Trade receivables | 40 | €43,158 | €10,770 | -€32,387 | -75.0% |
| Other amounts receivable | 41 | €54,060 | €94,388 | +€40,328 | +74.6% |
| Current investments | 50/53 | €68,199 | - | -€68,199 | |
| Cash at bank and in hand | 54/58 | €6,748 | €11,768 | +€5,020 | +74.4% |
| Deferred charges and accrued income | 490/1 | - | €494 | +€494 | |
| Total equity and liabilities | 10/49 | €552,681 | €616,856 | +€64,175 | +11.6% |
| Equity | 10/15 | €362,701 | €358,863 | -€3,838 | -1.1% |
| Contributions | 10/11 | €20,000 | €20,000 | = | 0.0% |
| Reserves | 13 | €342,701 | €338,863 | -€3,838 | -1.1% |
| Distributable reserves | 133 | €342,701 | €338,863 | -€3,838 | -1.1% |
| Amounts payable | 17/49 | €189,980 | €257,992 | +€68,012 | +35.8% |
| Amounts payable after more than one year | 17 | €43,786 | €56,731 | +€12,945 | +29.6% |
| Financial debts | 170/4 | €43,786 | €56,731 | +€12,945 | +29.6% |
| Amounts payable within one year | 42/48 | €142,142 | €197,262 | +€55,120 | +38.8% |
| Current portion of amounts payable after more than one year | 42 | €76,605 | €76,409 | -€196 | -0.3% |
| Financial debts | 43 | €15,947 | €10,000 | -€5,947 | -37.3% |
| Credit institutions | 430/8 | €15,947 | €10,000 | -€5,947 | -37.3% |
| Trade debts | 44 | €47,794 | €108,660 | +€60,866 | +127.4% |
| Suppliers | 440/4 | €47,794 | €108,660 | +€60,866 | +127.4% |
| Taxes, remuneration and social security | 45 | €1,796 | €1,796 | = | 0.0% |
| Taxes | 450/3 | €1,796 | €1,796 | = | 0.0% |
| Other amounts payable | 47/48 | - | €397 | +€397 | |
| Accrued charges and deferred income | 492/3 | €4,052 | €4,000 | -€52 | -1.3% |
| Non-recurring operating income | 76A | €2,901 | €55,529 | +€52,628 | +1814.4% |
| Remuneration, social security and pensions | 62 | -€6,800 | - | +€6,800 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €119,893 | €86,070 | -€33,823 | -28.2% |
| Other operating charges | 640/8 | €2,269 | €695 | -€1,574 | -69.4% |
| Non-recurring operating charges | 66A | €1,582 | €36,967 | +€35,386 | +2236.8% |
| Gross operating margin | 9900 | €68,622 | €127,838 | +€59,216 | +86.3% |
| Operating profit (loss) | 9901 | -€48,322 | €4,105 | +€52,427 | |
| Financial income | 75/76B | €1,266 | - | -€1,266 | |
| Recurring financial income | 75 | €1,266 | - | -€1,266 | |
| Financial charges | 65/66B | €5,493 | €7,811 | +€2,318 | +42.2% |
| Recurring financial charges | 65 | €5,493 | €7,811 | +€2,318 | +42.2% |
| Profit (loss) for the period before taxes | 9903 | -€52,549 | -€3,706 | +€48,843 | +92.9% |
| Income taxes | 67/77 | €139 | €132 | -€7 | -5.2% |
| Profit (loss) for the period | 9904 | -€52,688 | -€3,838 | +€48,850 | +92.7% |
| Profit (loss) for the period to be appropriated | 9905 | -€52,688 | -€3,838 | +€48,850 | +92.7% |
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 9 October 2026 via checked.be.