HORTA CATERING: 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.
HORTA CATERING
Largest movements
- Cash +€167,177
up €167,177 (+7.2%), from €2.3m to €2.5m
mainly Net result for the year (+€96,366) and Receivables within one year (+€81,984)
- Receivables within one year -€81,984
down €81,984 (-76.7%), from €106,952 to €24,968
of which Trade receivables: -€83,921
- Reserves +€96,366
up €96,366 (+4.5%), from €2.2m to €2.3m
- Gross operating margin -€128,978
down €128,978 (-7.7%), from €1.7m to €1.6m
- Staff costs +€108,380
up €108,380 (+8.0%), from €1.4m to €1.5m
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 | €2,501,594 | €2,607,526 | +€105,932 | +4.2% |
| Current assets | 29/58 | €2,501,594 | €2,607,526 | +€105,932 | +4.2% |
| Stocks and contracts in progress | 3 | €80,945 | €101,683 | +€20,738 | +25.6% |
| Stocks | 30/36 | €80,945 | €101,683 | +€20,738 | +25.6% |
| Amounts receivable within one year | 40/41 | €106,952 | €24,968 | -€81,984 | -76.7% |
| Trade receivables | 40 | €106,718 | €22,797 | -€83,921 | -78.6% |
| Other amounts receivable | 41 | €234 | €2,171 | +€1,937 | +828% |
| Cash at bank and in hand | 54/58 | €2,313,697 | €2,480,875 | +€167,177 | +7.2% |
| Total equity and liabilities | 10/49 | €2,501,594 | €2,607,526 | +€105,932 | +4.2% |
| Equity | 10/15 | €2,299,829 | €2,396,195 | +€96,366 | +4.2% |
| Contributions | 10/11 | €140,101 | €140,101 | = | 0.0% |
| Capital | 10 | €140,101 | €140,101 | = | 0.0% |
| Reserves | 13 | €2,159,728 | €2,256,095 | +€96,366 | +4.5% |
| Amounts payable | 17/49 | €201,765 | €211,330 | +€9,566 | +4.7% |
| Amounts payable within one year | 42/48 | €201,765 | €211,330 | +€9,566 | +4.7% |
| Trade debts | 44 | €55,233 | €53,583 | -€1,651 | -3.0% |
| Suppliers | 440/4 | €55,233 | €53,583 | -€1,651 | -3.0% |
| Taxes, remuneration and social security | 45 | €146,531 | €157,748 | +€11,216 | +7.7% |
| Taxes | 450/3 | €19,991 | €19,103 | -€888 | -4.4% |
| Remuneration and social security | 454/9 | €126,540 | €138,645 | +€12,105 | +9.6% |
| Remuneration, social security and pensions | 62 | €1,350,643 | €1,459,023 | +€108,380 | +8.0% |
| Other operating charges | 640/8 | €270 | €311 | +€41 | +15.2% |
| Gross operating margin | 9900 | €1,684,435 | €1,555,457 | -€128,978 | -7.7% |
| Operating profit (loss) | 9901 | €333,522 | €96,123 | -€237,399 | -71.2% |
| Financial income | 75/76B | €169 | €318 | +€149 | +87.8% |
| Recurring financial income | 75 | €169 | €318 | +€149 | +87.8% |
| Financial charges | 65/66B | €46 | €75 | +€29 | +62.0% |
| Recurring financial charges | 65 | €46 | €75 | +€29 | +62.0% |
| Profit (loss) for the period before taxes | 9903 | €333,646 | €96,366 | -€237,279 | -71.1% |
| Profit (loss) for the period | 9904 | €333,646 | €96,366 | -€237,279 | -71.1% |
| Profit (loss) for the period to be appropriated | 9905 | €333,646 | €96,366 | -€237,279 | -71.1% |
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 23 October 2026 via checked.be.