L'HORECALIENNE: 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.
L'HORECALIENNE
Largest movements
- Tangible fixed assets -€108,190
down €108,190 (-91.6%), from €118,109 to €9,919
- Current assets +€35,578
up €35,578 (+46.9%), from €75,781 to €111,359
of which Receivables within one year: +€37,131
- Debts -€57,155
down €57,155 (-28.0%), from €203,854 to €146,699
of which Debts within one year: -€52,725
- Reserves -€11,240
no longer reported in 2023 (was €11,240)
- Profit (loss) carried forward -€4,216
down €4,216 (-2.7%), from -€157,007 to -€161,223
- Purchases and services +€191,242
new in 2023: €191,242
- Gross operating margin -€10,028
down €10,028 (-20.9%), from €48,048 to €38,020
- Other operating charges +€8,024
new in 2023: €8,024
- Depreciation -€2,887
down €2,887 (-9.7%), from €29,612 to €26,725
From the 2019 result to the 2023 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
A cash bridge needs two consecutive financial years: one year's result and depreciation cannot explain a change over several years. Pick two years that follow each other.
Every line side by side
| Line | Code | 2019 | 2023 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €194,979 | €122,368 | -€72,611 | -37.2% |
| Fixed assets | 21/28 | €119,199 | €11,009 | -€108,190 | -90.8% |
| Tangible fixed assets | 22/27 | €118,109 | €9,919 | -€108,190 | -91.6% |
| Land and buildings | 22 | - | €1,287 | +€1,287 | |
| Plant, machinery and equipment | 23 | - | €5,202 | +€5,202 | |
| Furniture and vehicles | 24 | - | €3,430 | +€3,430 | |
| Financial fixed assets | 28 | €1,090 | €1,090 | -€0 | 0.0% |
| Current assets | 29/58 | €75,781 | €111,359 | +€35,578 | +46.9% |
| Stocks and contracts in progress | 3 | €18,182 | €18,182 | = | 0.0% |
| Stocks | 30/36 | - | €18,182 | +€18,182 | |
| Amounts receivable within one year | 40/41 | €22,115 | €59,246 | +€37,131 | +168% |
| Trade receivables | 40 | - | €41,124 | +€41,124 | |
| Other amounts receivable | 41 | - | €18,122 | +€18,122 | |
| Cash at bank and in hand | 54/58 | €34,280 | €32,453 | -€1,827 | -5.3% |
| Deferred charges and accrued income | 490/1 | - | €1,478 | +€1,478 | |
| Total equity and liabilities | 10/49 | €194,979 | €122,368 | -€72,611 | -37.2% |
| Equity | 10/15 | -€8,875 | -€24,331 | -€15,456 | -174% |
| Contributions | 10/11 | €136,892 | €136,892 | -€0 | 0.0% |
| Reserves | 13 | €11,240 | - | -€11,240 | |
| Profit (loss) carried forward | 14 | -€157,007 | -€161,223 | -€4,216 | -2.7% |
| Amounts payable | 17/49 | €203,854 | €146,699 | -€57,155 | -28.0% |
| Amounts payable after more than one year | 17 | €102,000 | €105,000 | +€3,000 | +2.9% |
| Other amounts payable | 178/9 | - | €105,000 | +€105,000 | |
| Amounts payable within one year | 42/48 | €94,424 | €41,699 | -€52,725 | -55.8% |
| Current portion of amounts payable after more than one year | 42 | - | €31,188 | +€31,188 | |
| Trade debts | 44 | €64,793 | - | -€64,793 | |
| Advances received on contracts in progress | 46 | - | €4,500 | +€4,500 | |
| Taxes, remuneration and social security | 45 | - | €4,122 | +€4,122 | |
| Taxes | 450/3 | - | €4,122 | +€4,122 | |
| Other amounts payable | 47/48 | - | €1,889 | +€1,889 | |
| Goods, raw materials, services and sundry goods | 60/61 | - | €191,242 | +€191,242 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €29,612 | €26,725 | -€2,887 | -9.7% |
| Other operating charges | 640/8 | - | €8,024 | +€8,024 | |
| Gross operating margin | 9900 | €48,048 | €38,020 | -€10,028 | -20.9% |
| Operating profit (loss) | 9901 | €9,445 | €3,271 | -€6,174 | -65.4% |
| Recurring financial income | 75 | €9 | - | -€9 | |
| Recurring financial charges | 65 | €3,357 | - | -€3,357 | |
| Profit (loss) for the period before taxes | 9903 | €6,097 | €3,271 | -€2,826 | -46.3% |
| Profit (loss) for the period | 9904 | €6,097 | €3,271 | -€2,826 | -46.3% |
| Transfer from tax-exempt reserves | 789 | - | €2,810 | +€2,810 | |
| Profit (loss) for the period to be appropriated | 9905 | -€5,143 | €6,081 | +€11,224 |
Source: filed annual accounts (NBB), financial years ended 31 December 2019 and 31 December 2023. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 29 October 2026 via checked.be.