RS HORECA: what changed
Two fiscal 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.
RS HORECA
Largest movements
- Stocks and contracts -€146,239
no longer reported in 2025 (was €146,239)
- Receivables within one year +€97,628
up €97,628 (+58.4%), from €167,147 to €264,775
of which Trade receivables: +€101,877
- Tangible fixed assets +€4,699
up €4,699 (+88.1%), from €5,332 to €10,032
of which Furniture and vehicles: +€5,655
- Trade debts -€63,844
down €63,844 (-61.9%), from €103,059 to €39,216
- Other debts +€29,366
up €29,366 (+21.8%), from €134,626 to €163,992
- Tax, wage and social debts -€8,531
down €8,531 (-19.2%), from €44,336 to €35,804
of which Remuneration and social security: -€10,529
- Staff costs +€24,703
up €24,703 (+12.5%), from €197,506 to €222,209
- Gross operating margin +€24,695
up €24,695 (+12.0%), from €205,769 to €230,465
- Financial charges -€3,643
down €3,643 (-87.9%), from €4,142 to €500
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 | €332,727 | €291,614 | -€41,113 | -12.4% |
| Fixed assets | 21/28 | €5,645 | €10,344 | +€4,699 | +83.3% |
| Tangible fixed assets | 22/27 | €5,332 | €10,032 | +€4,699 | +88.1% |
| Plant, machinery and equipment | 23 | €3,616 | €2,660 | -€956 | -26.4% |
| Furniture and vehicles | 24 | €1,717 | €7,372 | +€5,655 | +329.4% |
| Financial fixed assets | 28 | €312 | €312 | = | 0.0% |
| Current assets | 29/58 | €327,083 | €281,271 | -€45,812 | -14.0% |
| Stocks and contracts in progress | 3 | €146,239 | - | -€146,239 | |
| Stocks | 30/36 | €146,239 | - | -€146,239 | |
| Amounts receivable within one year | 40/41 | €167,147 | €264,775 | +€97,628 | +58.4% |
| Trade receivables | 40 | €62,819 | €164,696 | +€101,877 | +162.2% |
| Other amounts receivable | 41 | €104,328 | €100,079 | -€4,249 | -4.1% |
| Cash at bank and in hand | 54/58 | €12,215 | €15,471 | +€3,256 | +26.7% |
| Deferred charges and accrued income | 490/1 | €1,481 | €1,024 | -€457 | -30.9% |
| Total equity and liabilities | 10/49 | €332,727 | €291,614 | -€41,113 | -12.4% |
| Equity | 10/15 | €50,706 | €52,602 | +€1,896 | +3.7% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Profit (loss) carried forward | 14 | €32,106 | €34,002 | +€1,896 | +5.9% |
| Amounts payable | 17/49 | €282,021 | €239,012 | -€43,009 | -15.3% |
| Amounts payable within one year | 42/48 | €282,021 | €239,012 | -€43,009 | -15.3% |
| Trade debts | 44 | €103,059 | €39,216 | -€63,844 | -61.9% |
| Suppliers | 440/4 | €103,059 | €39,216 | -€63,844 | -61.9% |
| Taxes, remuneration and social security | 45 | €44,336 | €35,804 | -€8,531 | -19.2% |
| Taxes | 450/3 | €23,097 | €25,094 | +€1,998 | +8.6% |
| Remuneration and social security | 454/9 | €21,239 | €10,710 | -€10,529 | -49.6% |
| Other amounts payable | 47/48 | €134,626 | €163,992 | +€29,366 | +21.8% |
| Remuneration, social security and pensions | 62 | €197,506 | €222,209 | +€24,703 | +12.5% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €3,806 | €4,362 | +€556 | +14.6% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | - | €473 | +€473 | |
| Other operating charges | 640/8 | €712 | €676 | -€36 | -5.1% |
| Gross operating margin | 9900 | €205,769 | €230,465 | +€24,695 | +12.0% |
| Operating profit (loss) | 9901 | €3,745 | €2,745 | -€1,000 | -26.7% |
| Financial income | 75/76B | €2,378 | €575 | -€1,803 | -75.8% |
| Recurring financial income | 75 | €2,378 | €575 | -€1,803 | -75.8% |
| Financial charges | 65/66B | €4,142 | €500 | -€3,643 | -87.9% |
| Recurring financial charges | 65 | €4,142 | €500 | -€3,643 | -87.9% |
| Profit (loss) for the period before taxes | 9903 | €1,981 | €2,820 | +€840 | +42.4% |
| Income taxes | 67/77 | €364 | €925 | +€561 | +154.3% |
| Profit (loss) for the period | 9904 | €1,617 | €1,896 | +€278 | +17.2% |
| Profit (loss) for the period to be appropriated | 9905 | €1,617 | €1,896 | +€278 | +17.2% |
Source: filed annual accounts (NBB), fiscal years ended 31 December 2024 and 31 December 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 7 October 2026 via checked.be.