LES CINQ D. HORECA: what changed
LES CINQ D. HORECA
Largest movements
- Receivables within one year -€12,534
down €12,534 (-59.2%), from €21,189 to €8,655
- Tangible fixed assets -€500
down €500 (-14.5%), from €3,437 to €2,937
- Financial fixed assets -€363
no longer reported in 2025 (was €363)
- Profit (loss) carried forward +€17,125
up €17,125 (+4.0%), from -€423,113 to -€405,988
- Trade debts -€16,692
down €16,692 (-9.7%), from €172,520 to €155,829
- Tax, wage and social debts -€13,351
down €13,351 (-41.4%), from €32,241 to €18,890
of which Remuneration and social security: -€12,972
- Other debts -€589
down €589 (-0.3%), from €222,403 to €221,814
- Other operating charges -€8,654
down €8,654 (-84.0%), from €10,307 to €1,653
- Financial charges -€848
down €848 (-89.2%), from €950 to €102
Change in the result, 2024 to 2025
For each income-statement line you see the change as its effect on the result. Higher costs lower the result, higher income raises it.
Derived cash bridge
The bridge is derived from the 2024 and 2025 balance sheets and the 2025 result. There is no filed cash-flow statement. You see where the money came from and where it went.
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €25,121 | €11,614 | -€13,506 | -53.8% |
| Fixed assets | 21/28 | €3,800 | €2,937 | -€863 | -22.7% |
| Tangible fixed assets | 22/27 | €3,437 | €2,937 | -€500 | -14.5% |
| Other tangible fixed assets | 26 | €3,437 | €2,937 | -€500 | -14.5% |
| Financial fixed assets | 28 | €363 | - | -€363 | |
| Current assets | 29/58 | €21,321 | €8,677 | -€12,643 | -59.3% |
| Amounts receivable within one year | 40/41 | €21,189 | €8,655 | -€12,534 | -59.2% |
| Trade receivables | 40 | €21,189 | €8,655 | -€12,534 | -59.2% |
| Cash at bank and in hand | 54/58 | €131 | €22 | -€109 | -83.2% |
| Total equity and liabilities | 10/49 | €25,121 | €11,614 | -€13,506 | -53.8% |
| Equity | 10/15 | -€402,043 | -€384,918 | +€17,125 | +4.3% |
| Contributions | 10/11 | €21,000 | €21,000 | = | 0.0% |
| Reserves | 13 | €70 | €70 | = | 0.0% |
| Non-distributable reserves | 130/1 | €70 | €70 | = | 0.0% |
| Reserves not available under the articles | 1311 | €70 | €70 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€423,113 | -€405,988 | +€17,125 | +4.0% |
| Amounts payable | 17/49 | €427,163 | €396,533 | -€30,631 | -7.2% |
| Amounts payable within one year | 42/48 | €427,163 | €396,533 | -€30,631 | -7.2% |
| Trade debts | 44 | €172,520 | €155,829 | -€16,692 | -9.7% |
| Suppliers | 440/4 | €172,520 | €155,829 | -€16,692 | -9.7% |
| Taxes, remuneration and social security | 45 | €32,241 | €18,890 | -€13,351 | -41.4% |
| Taxes | 450/3 | €14,552 | €14,173 | -€379 | -2.6% |
| Remuneration and social security | 454/9 | €17,689 | €4,717 | -€12,972 | -73.3% |
| Other amounts payable | 47/48 | €222,403 | €221,814 | -€589 | -0.3% |
| Remuneration, social security and pensions | 62 | €179 | - | -€179 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €500 | €500 | = | 0.0% |
| Other operating charges | 640/8 | €10,307 | €1,653 | -€8,654 | -84.0% |
| Gross operating margin | 9900 | €19,438 | €19,371 | -€67 | -0.3% |
| Operating profit (loss) | 9901 | €8,453 | €17,219 | +€8,766 | +104% |
| Financial income | 75/76B | €16 | €8 | -€8 | -50.0% |
| Recurring financial income | 75 | €16 | €8 | -€8 | -50.0% |
| Financial charges | 65/66B | €950 | €102 | -€848 | -89.2% |
| Recurring financial charges | 65 | €950 | €102 | -€848 | -89.2% |
| Profit (loss) for the period before taxes | 9903 | €7,519 | €17,125 | +€9,606 | +128% |
| Profit (loss) for the period | 9904 | €7,519 | €17,125 | +€9,606 | +128% |
| Profit (loss) for the period to be appropriated | 9905 | €7,519 | €17,125 | +€9,606 | +128% |
Next steps
Calculation and sources
Source: filed annual accounts (NBB), financial years ended 31 December 2024 and 31 December 2025. Green is a favourable move for that line, red an unfavourable one. Prepared on 1 November 2026 via checked.be.