RVS 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.
RVS Horeca
Largest movements
- Tangible fixed assets +€8,908
up €8,908 (+158%), from €5,648 to €14,556
of which Plant, machinery and equipment: +€8,512
- Cash +€3,164
up €3,164 (+325%), from €972 to €4,136
mainly Other debts (+€23,695) and Tax, wage and social debts (+€2,891)
- Stocks and contracts +€2,769
new in 2025: €2,769
- Receivables within one year +€1,599
up €1,599 (+118%), from €1,351 to €2,950
of which Other amounts receivable: +€2,547
- Other debts +€23,695
up €23,695 (+67.5%), from €35,100 to €58,795
- Profit (loss) carried forward -€11,816
down €11,816 (-44.0%), from -€26,830 to -€38,646
- Tax, wage and social debts +€2,891
new in 2025: €2,891
- Trade debts +€1,741
new in 2025: €1,741
- Staff costs +€10,148
new in 2025: €10,148
- Financial charges -€5,550
down €5,550, from €2,943 to -€2,607
- Gross operating margin -€3,624
down €3,624 (-121%), from -€2,985 to -€6,609
- Financial income +€3,367
new in 2025: €3,367
- Depreciation +€673
up €673 (+193%), from €349 to €1,022
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.
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.
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €8,370 | €24,882 | +€16,512 | +197% |
| Fixed assets | 21/28 | €5,648 | €14,556 | +€8,908 | +158% |
| Tangible fixed assets | 22/27 | €5,648 | €14,556 | +€8,908 | +158% |
| Land and buildings | 22 | €5,030 | €4,871 | -€159 | -3.2% |
| Plant, machinery and equipment | 23 | €618 | €9,130 | +€8,512 | +1,377% |
| Furniture and vehicles | 24 | - | €555 | +€555 | |
| Current assets | 29/58 | €2,722 | €10,326 | +€7,604 | +279% |
| Stocks and contracts in progress | 3 | - | €2,769 | +€2,769 | |
| Stocks | 30/36 | - | €2,769 | +€2,769 | |
| Amounts receivable within one year | 40/41 | €1,351 | €2,950 | +€1,599 | +118% |
| Trade receivables | 40 | €948 | - | -€948 | |
| Other amounts receivable | 41 | €403 | €2,950 | +€2,547 | +633% |
| Cash at bank and in hand | 54/58 | €972 | €4,136 | +€3,164 | +325% |
| Deferred charges and accrued income | 490/1 | €399 | €471 | +€72 | +17.9% |
| Total equity and liabilities | 10/49 | €8,370 | €24,882 | +€16,512 | +197% |
| Equity | 10/15 | -€26,730 | -€38,546 | -€11,816 | -44.2% |
| Contributions | 10/11 | €100 | €100 | = | 0.0% |
| Capital | 10 | €100 | €100 | = | 0.0% |
| Issued capital | 100 | €100 | €100 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€26,830 | -€38,646 | -€11,816 | -44.0% |
| Amounts payable | 17/49 | €35,100 | €63,428 | +€28,328 | +80.7% |
| Amounts payable within one year | 42/48 | €35,100 | €63,428 | +€28,328 | +80.7% |
| Trade debts | 44 | - | €1,741 | +€1,741 | |
| Suppliers | 440/4 | - | €1,741 | +€1,741 | |
| Taxes, remuneration and social security | 45 | - | €2,891 | +€2,891 | |
| Remuneration and social security | 454/9 | - | €2,891 | +€2,891 | |
| Other amounts payable | 47/48 | €35,100 | €58,795 | +€23,695 | +67.5% |
| Remuneration, social security and pensions | 62 | - | €10,148 | +€10,148 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €349 | €1,022 | +€673 | +193% |
| Other operating charges | 640/8 | - | €12 | +€12 | |
| Gross operating margin | 9900 | -€2,985 | -€6,609 | -€3,624 | -121% |
| Operating profit (loss) | 9901 | -€3,334 | -€17,790 | -€14,457 | -434% |
| Financial income | 75/76B | - | €3,367 | +€3,367 | |
| Recurring financial income | 75 | - | €3,367 | +€3,367 | |
| Financial charges | 65/66B | €2,943 | -€2,607 | -€5,550 | |
| Recurring financial charges | 65 | €2,943 | -€2,607 | -€5,550 | |
| Profit (loss) for the period before taxes | 9903 | -€6,276 | -€11,816 | -€5,540 | -88.3% |
| Profit (loss) for the period | 9904 | -€6,276 | -€11,816 | -€5,540 | -88.3% |
| Profit (loss) for the period to be appropriated | 9905 | -€6,276 | -€11,816 | -€5,540 | -88.3% |
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 15 October 2026 via checked.be.