HORECAWAL: 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.
HORECAWAL
Largest movements
- Receivables within one year -€14,391
down €14,391 (-64.6%), from €22,276 to €7,885
- Cash -€2,253
down €2,253 (-76.9%), from €2,931 to €678
mainly Trade debts (-€13,915) and Net result for the year (-€9,859)
- Stocks and contracts -€1,542
down €1,542 (-39.9%), from €3,862 to €2,321
- Tangible fixed assets -€403
down €403 (-41.7%), from €967 to €564
- Trade debts -€13,915
down €13,915 (-39.0%), from €35,657 to €21,742
- Profit (loss) carried forward -€9,859
down €9,859 (-60.9%), from -€16,184 to -€26,043
- Other debts +€5,627
new in 2024: €5,627
- Tax, wage and social debts -€443
down €443 (-9.5%), from €4,685 to €4,242
of which Remuneration and social security: -€679
- Turnover -€17,776
down €17,776 (-12.1%), from €147,154 to €129,378
- Purchases and services -€10,841
down €10,841 (-9.1%), from €119,400 to €108,559
- Gross operating margin -€6,935
down €6,935 (-25.0%), from €27,754 to €20,819
- Financial charges -€5,466
down €5,466 (-76.8%), from €7,115 to €1,649
- Other operating charges +€4,244
up €4,244 (+310%), from €1,371 to €5,615
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.
Derived cash bridge
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 | €30,359 | €11,770 | -€18,589 | -61.2% |
| Fixed assets | 21/28 | €967 | €564 | -€403 | -41.7% |
| Tangible fixed assets | 22/27 | €967 | €564 | -€403 | -41.7% |
| Furniture and vehicles | 24 | €967 | €564 | -€403 | -41.7% |
| Current assets | 29/58 | €29,391 | €11,206 | -€18,186 | -61.9% |
| Stocks and contracts in progress | 3 | €3,862 | €2,321 | -€1,542 | -39.9% |
| Stocks | 30/36 | €3,862 | €2,321 | -€1,542 | -39.9% |
| Amounts receivable within one year | 40/41 | €22,276 | €7,885 | -€14,391 | -64.6% |
| Trade receivables | 40 | €22,276 | €7,885 | -€14,391 | -64.6% |
| Cash at bank and in hand | 54/58 | €2,931 | €678 | -€2,253 | -76.9% |
| Deferred charges and accrued income | 490/1 | €322 | €322 | = | 0.0% |
| Total equity and liabilities | 10/49 | €30,359 | €11,770 | -€18,589 | -61.2% |
| Equity | 10/15 | -€9,983 | -€19,842 | -€9,859 | -98.7% |
| Contributions | 10/11 | €6,201 | €6,201 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€16,184 | -€26,043 | -€9,859 | -60.9% |
| Amounts payable | 17/49 | €40,342 | €31,612 | -€8,730 | -21.6% |
| Amounts payable within one year | 42/48 | €40,342 | €31,612 | -€8,730 | -21.6% |
| Trade debts | 44 | €35,657 | €21,742 | -€13,915 | -39.0% |
| Suppliers | 440/4 | €35,657 | €21,742 | -€13,915 | -39.0% |
| Taxes, remuneration and social security | 45 | €4,685 | €4,242 | -€443 | -9.5% |
| Taxes | 450/3 | €508 | €745 | +€237 | +46.6% |
| Remuneration and social security | 454/9 | €4,177 | €3,497 | -€679 | -16.3% |
| Other amounts payable | 47/48 | - | €5,627 | +€5,627 | |
| Turnover | 70 | €147,154 | €129,378 | -€17,776 | -12.1% |
| Goods, raw materials, services and sundry goods | 60/61 | €119,400 | €108,559 | -€10,841 | -9.1% |
| Remuneration, social security and pensions | 62 | €25,808 | €23,011 | -€2,797 | -10.8% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €403 | €403 | +€0 | 0.0% |
| Other operating charges | 640/8 | €1,371 | €5,615 | +€4,244 | +310% |
| Gross operating margin | 9900 | €27,754 | €20,819 | -€6,935 | -25.0% |
| Operating profit (loss) | 9901 | €172 | -€8,210 | -€8,382 | |
| Financial charges | 65/66B | €7,115 | €1,649 | -€5,466 | -76.8% |
| Recurring financial charges | 65 | €7,115 | €1,649 | -€5,466 | -76.8% |
| Profit (loss) for the period before taxes | 9903 | -€6,943 | -€9,859 | -€2,916 | -42.0% |
| Profit (loss) for the period | 9904 | -€6,943 | -€9,859 | -€2,916 | -42.0% |
| Profit (loss) for the period to be appropriated | 9905 | -€6,943 | -€9,859 | -€2,916 | -42.0% |
Source: filed annual accounts (NBB), financial years ended 31 December 2023 and 31 December 2024. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 20 October 2026 via checked.be.