SB 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.
SB HORECA
Largest movements
- Tangible fixed assets -€9,179
down €9,179 (-20.4%), from €44,888 to €35,709
of which Land and buildings: -€5,030
- Cash -€4,106
down €4,106 (-25.7%), from €15,994 to €11,888
mainly Net result for the year (-€6,476) and Tax, wage and social debts (-€5,433)
- Profit (loss) carried forward -€6,476
down €6,476 (-20.9%), from €30,946 to €24,470
- Tax, wage and social debts -€5,433
down €5,433 (-68.5%), from €7,933 to €2,500
- Other debts -€1,386
down €1,386 (-22.1%), from €6,285 to €4,899
- Trade debts -€862
down €862 (-20.3%), from €4,242 to €3,380
- Accrued charges and deferred income +€800
new in 2025: €800
- Gross operating margin -€31,229
down €31,229 (-72.6%), from €43,042 to €11,813
- Taxes -€9,941
down €9,941 (-87.1%), from €11,415 to €1,474
- Other operating charges -€1,685
down €1,685 (-20.9%), from €8,042 to €6,357
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 | €68,007 | €54,649 | -€13,358 | -19.6% |
| Fixed assets | 21/28 | €44,888 | €35,709 | -€9,179 | -20.4% |
| Tangible fixed assets | 22/27 | €44,888 | €35,709 | -€9,179 | -20.4% |
| Land and buildings | 22 | €34,373 | €29,343 | -€5,030 | -14.6% |
| Plant, machinery and equipment | 23 | €5,978 | €4,157 | -€1,821 | -30.5% |
| Furniture and vehicles | 24 | €3,026 | €927 | -€2,100 | -69.4% |
| Other tangible fixed assets | 26 | €1,511 | €1,282 | -€229 | -15.1% |
| Current assets | 29/58 | €23,119 | €18,940 | -€4,179 | -18.1% |
| Stocks and contracts in progress | 3 | €839 | €732 | -€108 | -12.8% |
| Stocks | 30/36 | €839 | €732 | -€108 | -12.8% |
| Amounts receivable within one year | 40/41 | €3,760 | €4,158 | +€397 | +10.6% |
| Trade receivables | 40 | €136 | - | -€136 | |
| Other amounts receivable | 41 | €3,625 | €4,158 | +€533 | +14.7% |
| Cash at bank and in hand | 54/58 | €15,994 | €11,888 | -€4,106 | -25.7% |
| Deferred charges and accrued income | 490/1 | €2,525 | €2,163 | -€362 | -14.3% |
| Total equity and liabilities | 10/49 | €68,007 | €54,649 | -€13,358 | -19.6% |
| Equity | 10/15 | €49,546 | €43,070 | -€6,476 | -13.1% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Profit (loss) carried forward | 14 | €30,946 | €24,470 | -€6,476 | -20.9% |
| Amounts payable | 17/49 | €18,461 | €11,579 | -€6,882 | -37.3% |
| Amounts payable within one year | 42/48 | €18,461 | €10,779 | -€7,682 | -41.6% |
| Trade debts | 44 | €4,242 | €3,380 | -€862 | -20.3% |
| Suppliers | 440/4 | €4,242 | €3,380 | -€862 | -20.3% |
| Taxes, remuneration and social security | 45 | €7,933 | €2,500 | -€5,433 | -68.5% |
| Taxes | 450/3 | €7,933 | €2,500 | -€5,433 | -68.5% |
| Other amounts payable | 47/48 | €6,285 | €4,899 | -€1,386 | -22.1% |
| Accrued charges and deferred income | 492/3 | - | €800 | +€800 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €9,035 | €9,179 | +€144 | +1.6% |
| Other operating charges | 640/8 | €8,042 | €6,357 | -€1,685 | -20.9% |
| Gross operating margin | 9900 | €43,042 | €11,813 | -€31,229 | -72.6% |
| Operating profit (loss) | 9901 | €25,965 | -€3,723 | -€29,688 | |
| Financial charges | 65/66B | €1,559 | €1,278 | -€281 | -18.0% |
| Recurring financial charges | 65 | €1,559 | €1,278 | -€281 | -18.0% |
| Profit (loss) for the period before taxes | 9903 | €24,406 | -€5,002 | -€29,407 | |
| Income taxes | 67/77 | €11,415 | €1,474 | -€9,941 | -87.1% |
| Profit (loss) for the period | 9904 | €12,991 | -€6,476 | -€19,467 | |
| Profit (loss) for the period to be appropriated | 9905 | €12,991 | -€6,476 | -€19,467 |
Source: filed annual accounts (NBB), financial years ended 30 September 2024 and 30 September 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 17 October 2026 via checked.be.