RED 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.
RED HORECA
Largest movements
- Tangible fixed assets -€10,208
no longer reported in 2025 (was €10,208)
of which Plant, machinery and equipment: -€6,475
- Intangible fixed assets -€9,857
down €9,857 (-95.9%), from €10,277 to €420
- Cash -€4,561
down €4,561 (-98.1%), from €4,648 to €87
mainly Other debts (-€16,939) and Net result for the year (-€9,412)
- Stocks and contracts -€2,757
no longer reported in 2025 (was €2,757)
- Receivables within one year -€1,059
down €1,059 (-59.7%), from €1,775 to €716
of which Other amounts receivable: -€971
- Other debts -€16,939
down €16,939 (-40.5%), from €41,829 to €24,890
- Profit (loss) carried forward -€9,412
down €9,412 (-39.8%), from -€23,666 to -€33,078
- Trade debts -€2,575
down €2,575 (-90.7%), from €2,837 to €263
- Tax, wage and social debts -€668
down €668 (-66.5%), from €1,005 to €337
of which Taxes: -€648
- Depreciation -€8,323
down €8,323 (-98.2%), from €8,476 to €154
- Staff costs -€7,768
down €7,768 (-99.7%), from €7,790 to €21
- Gross operating margin -€6,686
down €6,686 (-311.9%), from -€2,144 to -€8,830
- Other operating charges -€4,355
down €4,355 (-91.6%), from €4,755 to €400
- Financial charges -€495
down €495 (-98.6%), from €502 to €7
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 | €31,006 | €1,412 | -€29,594 | -95.4% |
| Fixed assets | 21/28 | €21,524 | €609 | -€20,915 | -97.2% |
| Intangible fixed assets | 21 | €10,277 | €420 | -€9,857 | -95.9% |
| Tangible fixed assets | 22/27 | €10,208 | - | -€10,208 | |
| Plant, machinery and equipment | 23 | €6,475 | - | -€6,475 | |
| Furniture and vehicles | 24 | €3,732 | - | -€3,732 | |
| Financial fixed assets | 28 | €1,039 | €189 | -€850 | -81.8% |
| Current assets | 29/58 | €9,482 | €803 | -€8,679 | -91.5% |
| Stocks and contracts in progress | 3 | €2,757 | - | -€2,757 | |
| Stocks | 30/36 | €2,757 | - | -€2,757 | |
| Amounts receivable within one year | 40/41 | €1,775 | €716 | -€1,059 | -59.7% |
| Trade receivables | 40 | €88 | - | -€88 | |
| Other amounts receivable | 41 | €1,687 | €716 | -€971 | -57.6% |
| Cash at bank and in hand | 54/58 | €4,648 | €87 | -€4,561 | -98.1% |
| Deferred charges and accrued income | 490/1 | €302 | - | -€302 | |
| Total equity and liabilities | 10/49 | €31,006 | €1,412 | -€29,594 | -95.4% |
| Equity | 10/15 | -€14,666 | -€24,078 | -€9,412 | -64.2% |
| Contributions | 10/11 | €9,000 | €9,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€23,666 | -€33,078 | -€9,412 | -39.8% |
| Amounts payable | 17/49 | €45,672 | €25,490 | -€20,182 | -44.2% |
| Amounts payable within one year | 42/48 | €45,672 | €25,490 | -€20,182 | -44.2% |
| Trade debts | 44 | €2,837 | €263 | -€2,575 | -90.7% |
| Suppliers | 440/4 | €2,837 | €263 | -€2,575 | -90.7% |
| Taxes, remuneration and social security | 45 | €1,005 | €337 | -€668 | -66.5% |
| Taxes | 450/3 | €985 | €337 | -€648 | -65.8% |
| Remuneration and social security | 454/9 | €21 | - | -€21 | |
| Other amounts payable | 47/48 | €41,829 | €24,890 | -€16,939 | -40.5% |
| Remuneration, social security and pensions | 62 | €7,790 | €21 | -€7,768 | -99.7% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €8,476 | €154 | -€8,323 | -98.2% |
| Other operating charges | 640/8 | €4,755 | €400 | -€4,355 | -91.6% |
| Gross operating margin | 9900 | -€2,144 | -€8,830 | -€6,686 | -311.9% |
| Operating profit (loss) | 9901 | -€23,164 | -€9,405 | +€13,759 | +59.4% |
| Financial income | 75/76B | €0 | - | -€0 | |
| Recurring financial income | 75 | €0 | - | -€0 | |
| Financial charges | 65/66B | €502 | €7 | -€495 | -98.6% |
| Recurring financial charges | 65 | €502 | €7 | -€495 | -98.6% |
| Profit (loss) for the period before taxes | 9903 | -€23,666 | -€9,412 | +€14,254 | +60.2% |
| Profit (loss) for the period | 9904 | -€23,666 | -€9,412 | +€14,254 | +60.2% |
| Profit (loss) for the period to be appropriated | 9905 | -€23,666 | -€9,412 | +€14,254 | +60.2% |
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 12 October 2026 via checked.be.