LP HORECA: 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.
What changed
LP HORECA
NACE 46.431, Wholesale of electrical household appliances and audio-video equipment
financial year 2025 compared with 2024filed annual accounts (NBB)
Net result for the year
€224,185
2024 · €119,332+€104,853
Equity
€1.9m
2024 · €1.6m+€224,185
Cash
€205,823
2024 · €214,841-€9,018
Balance sheet total
€2.3m
2024 · €2.2m+€124,865
Largest movements
Assets
- Receivables within one year +€94,956
up €94,956 (+22.3%), from €426,496 to €521,452
of which Trade receivables: +€94,956
- Stocks and contracts +€40,877
up €40,877 (+2.8%), from €1.4m to €1.5m
Equity and liabilities
- Reserves +€224,185
up €224,185 (+36.1%), from €621,192 to €845,377
- Debts after one year -€39,937
down €39,937 (-28.6%), from €139,508 to €99,572
- Advances received -€31,680
down €31,680 (-54.4%), from €58,200 to €26,520
- Tax, wage and social debts +€30,561
up €30,561 (+28.6%), from €106,861 to €137,421
of which Taxes: +€23,121
Income statement
- Gross operating margin +€156,144
up €156,144 (+36.5%), from €427,394 to €583,538
- Taxes +€49,706
up €49,706 (+92.7%), from €53,621 to €103,327
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.
Result 2024
€119,332
Gross operating margin
+€156,144
Staff costs
-€4,933
Depreciation
-€925
Other operating charges
-€547
Financial income
+€4,440
Financial charges
+€379
Taxes
-€49,706
Result 2025
€224,185
raises the resultlowers the result
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.
From operations
+€65,440
Investment
-€13,546
Financing
-€60,913
Cash 2024
€214,841
From operations (derived)
+€65,440
Net result for the year
+€224,185
Depreciation
+€26,877
Stocks and contracts
-€40,877
Receivables within one year
-€94,956
Deferred charges and accrued income
-€11,382
Trade debts
-€14,081
Tax, wage and social debts
+€30,561
Advances received
-€31,680
Other debts
-€23,207
Investment (derived)
-€13,546
Investment in fixed assets (net)
-€13,546
Financing
-€60,913
Debts after one year
-€39,937
Current portion of long-term debt
-€20,976
Cash 2025
€205,823
brings cash intakes cash out
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €2,207,442 | €2,332,308 | +€124,865 | +5.7% |
| Fixed assets | 21/28 | €131,802 | €118,471 | -€13,331 | -10.1% |
| Tangible fixed assets | 22/27 | €131,802 | €118,471 | -€13,331 | -10.1% |
| Plant, machinery and equipment | 23 | €99,332 | €88,705 | -€10,627 | -10.7% |
| Furniture and vehicles | 24 | €32,471 | €29,767 | -€2,704 | -8.3% |
| Current assets | 29/58 | €2,075,640 | €2,213,836 | +€138,197 | +6.7% |
| Stocks and contracts in progress | 3 | €1,434,303 | €1,475,180 | +€40,877 | +2.8% |
| Stocks | 30/36 | €1,434,303 | €1,475,180 | +€40,877 | +2.8% |
| Amounts receivable within one year | 40/41 | €426,496 | €521,452 | +€94,956 | +22.3% |
| Trade receivables | 40 | €405,118 | €500,074 | +€94,956 | +23.4% |
| Other amounts receivable | 41 | €21,378 | €21,378 | = | 0.0% |
| Cash at bank and in hand | 54/58 | €214,841 | €205,823 | -€9,018 | -4.2% |
| Deferred charges and accrued income | 490/1 | - | €11,382 | +€11,382 | |
| Total equity and liabilities | 10/49 | €2,207,442 | €2,332,308 | +€124,865 | +5.7% |
| Equity | 10/15 | €1,645,425 | €1,869,610 | +€224,185 | +13.6% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €621,192 | €845,377 | +€224,185 | +36.1% |
| Distributable reserves | 133 | €621,192 | €845,377 | +€224,185 | +36.1% |
| Profit (loss) carried forward | 14 | €1,005,633 | €1,005,633 | = | 0.0% |
| Amounts payable | 17/49 | €562,017 | €462,698 | -€99,319 | -17.7% |
| Amounts payable after more than one year | 17 | €139,508 | €99,572 | -€39,937 | -28.6% |
| Financial debts | 170/4 | €139,508 | €99,572 | -€39,937 | -28.6% |
| Amounts payable within one year | 42/48 | €422,509 | €363,126 | -€59,383 | -14.1% |
| Current portion of amounts payable after more than one year | 42 | €77,357 | €56,381 | -€20,976 | -27.1% |
| Trade debts | 44 | €102,369 | €88,288 | -€14,081 | -13.8% |
| Suppliers | 440/4 | €102,369 | €88,288 | -€14,081 | -13.8% |
| Advances received on contracts in progress | 46 | €58,200 | €26,520 | -€31,680 | -54.4% |
| Taxes, remuneration and social security | 45 | €106,861 | €137,421 | +€30,561 | +28.6% |
| Taxes | 450/3 | €72,171 | €95,292 | +€23,121 | +32.0% |
| Remuneration and social security | 454/9 | €34,690 | €42,129 | +€7,439 | +21.4% |
| Other amounts payable | 47/48 | €77,722 | €54,515 | -€23,207 | -29.9% |
| Remuneration, social security and pensions | 62 | €213,682 | €218,615 | +€4,933 | +2.3% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €25,952 | €26,877 | +€925 | +3.6% |
| Other operating charges | 640/8 | €1,767 | €2,315 | +€547 | +31.0% |
| Gross operating margin | 9900 | €427,394 | €583,538 | +€156,144 | +36.5% |
| Operating profit (loss) | 9901 | €185,992 | €335,732 | +€149,739 | +80.5% |
| Financial income | 75/76B | €4,352 | €8,792 | +€4,440 | +102% |
| Recurring financial income | 75 | €4,352 | €8,792 | +€4,440 | +102% |
| Financial charges | 65/66B | €17,391 | €17,011 | -€379 | -2.2% |
| Recurring financial charges | 65 | €17,391 | €17,011 | -€379 | -2.2% |
| Profit (loss) for the period before taxes | 9903 | €172,953 | €327,512 | +€154,559 | +89.4% |
| Income taxes | 67/77 | €53,621 | €103,327 | +€49,706 | +92.7% |
| Profit (loss) for the period | 9904 | €119,332 | €224,185 | +€104,853 | +87.9% |
| Profit (loss) for the period to be appropriated | 9905 | €119,332 | €224,185 | +€104,853 | +87.9% |
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 16 October 2026 via checked.be.