LPF 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.
LPF HORECA
Largest movements
- Receivables within one year +€61,951
up €61,951 (+21045.9%), from €294 to €62,245
of which Trade receivables: +€57,751
- Tangible fixed assets +€56,151
up €56,151 (+1181.7%), from €4,752 to €60,903
of which Other tangible fixed assets: +€39,804
- Cash -€41,506
down €41,506 (-89.1%), from €46,571 to €5,065
mainly Net result for the year (-€164,293) and Investment in fixed assets (net) (-€69,243)
- Intangible fixed assets -€20,343
down €20,343 (-15.8%), from €128,860 to €108,518
- Stocks and contracts +€7,907
up €7,907 (+26.4%), from €30,000 to €37,907
- Profit (loss) carried forward -€164,293
down €164,293 (-2528.6%), from -€6,497 to -€170,790
- Debts after one year +€88,708
new in 2025: €88,708
- Tax, wage and social debts +€63,883
up €63,883 (+1642.9%), from €3,888 to €67,771
of which Remuneration and social security: +€44,104
- Other debts +€47,755
up €47,755 (+466.0%), from €10,247 to €58,003
- Current portion of long-term debt +€18,559
new in 2025: €18,559
- Staff costs +€283,160
up €283,160 (+2986.7%), from €9,481 to €292,641
- Gross operating margin +€174,625
up €174,625 (+3564.1%), from €4,900 to €179,524
- Depreciation +€32,255
up €32,255 (+2736.3%), from €1,179 to €33,434
- Financial charges +€15,130
up €15,130 (+4245.8%), from €356 to €15,486
- Other operating charges +€2,083
up €2,083 (+537.7%), from €387 to €2,470
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.
Cash bridge derived
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 | €215,141 | €277,018 | +€61,877 | +28.8% |
| Fixed assets | 21/28 | €133,612 | €169,421 | +€35,809 | +26.8% |
| Intangible fixed assets | 21 | €128,860 | €108,518 | -€20,343 | -15.8% |
| Tangible fixed assets | 22/27 | €4,752 | €60,903 | +€56,151 | +1181.7% |
| Plant, machinery and equipment | 23 | €4,185 | €16,912 | +€12,726 | +304.1% |
| Furniture and vehicles | 24 | €566 | €4,187 | +€3,621 | +639.2% |
| Other tangible fixed assets | 26 | - | €39,804 | +€39,804 | |
| Current assets | 29/58 | €81,529 | €107,598 | +€26,069 | +32.0% |
| Stocks and contracts in progress | 3 | €30,000 | €37,907 | +€7,907 | +26.4% |
| Stocks | 30/36 | €30,000 | €37,907 | +€7,907 | +26.4% |
| Amounts receivable within one year | 40/41 | €294 | €62,245 | +€61,951 | +21045.9% |
| Trade receivables | 40 | - | €57,751 | +€57,751 | |
| Other amounts receivable | 41 | €294 | €4,494 | +€4,199 | +1426.6% |
| Cash at bank and in hand | 54/58 | €46,571 | €5,065 | -€41,506 | -89.1% |
| Deferred charges and accrued income | 490/1 | €4,664 | €2,381 | -€2,282 | -48.9% |
| Total equity and liabilities | 10/49 | €215,141 | €277,018 | +€61,877 | +28.8% |
| Equity | 10/15 | €33,503 | -€130,790 | -€164,293 | |
| Contributions | 10/11 | €40,000 | €40,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€6,497 | -€170,790 | -€164,293 | -2528.6% |
| Amounts payable | 17/49 | €181,638 | €407,808 | +€226,170 | +124.5% |
| Amounts payable after more than one year | 17 | - | €88,708 | +€88,708 | |
| Financial debts | 170/4 | - | €88,708 | +€88,708 | |
| Amounts payable within one year | 42/48 | €181,251 | €318,763 | +€137,511 | +75.9% |
| Current portion of amounts payable after more than one year | 42 | - | €18,559 | +€18,559 | |
| Financial debts | 43 | - | €1,959 | +€1,959 | |
| Credit institutions | 430/8 | - | €1,959 | +€1,959 | |
| Trade debts | 44 | €167,115 | €172,472 | +€5,356 | +3.2% |
| Suppliers | 440/4 | €167,115 | €172,472 | +€5,356 | +3.2% |
| Taxes, remuneration and social security | 45 | €3,888 | €67,771 | +€63,883 | +1642.9% |
| Taxes | 450/3 | €751 | €20,530 | +€19,778 | +2632.8% |
| Remuneration and social security | 454/9 | €3,137 | €47,241 | +€44,104 | +1405.9% |
| Other amounts payable | 47/48 | €10,247 | €58,003 | +€47,755 | +466.0% |
| Accrued charges and deferred income | 492/3 | €387 | €338 | -€50 | -12.8% |
| Remuneration, social security and pensions | 62 | €9,481 | €292,641 | +€283,160 | +2986.7% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €1,179 | €33,434 | +€32,255 | +2736.3% |
| Other operating charges | 640/8 | €387 | €2,470 | +€2,083 | +537.7% |
| Gross operating margin | 9900 | €4,900 | €179,524 | +€174,625 | +3564.1% |
| Operating profit (loss) | 9901 | -€6,147 | -€149,021 | -€142,874 | -2324.2% |
| Financial income | 75/76B | €6 | €215 | +€209 | +3258.3% |
| Recurring financial income | 75 | €6 | €215 | +€209 | +3258.3% |
| Financial charges | 65/66B | €356 | €15,486 | +€15,130 | +4245.8% |
| Recurring financial charges | 65 | €356 | €15,486 | +€15,130 | +4245.8% |
| Profit (loss) for the period before taxes | 9903 | -€6,497 | -€164,293 | -€157,795 | -2428.6% |
| Profit (loss) for the period | 9904 | -€6,497 | -€164,293 | -€157,795 | -2428.6% |
| Profit (loss) for the period to be appropriated | 9905 | -€6,497 | -€164,293 | -€157,795 | -2428.6% |
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 9 October 2026 via checked.be.