HORECABAR: 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.
HORECABAR
Largest movements
- Cash +€7,270
up €7,270 (+214%), from €3,397 to €10,667
mainly Net result for the year (+€18,651) and Trade debts (+€4,792)
- Receivables within one year +€3,991
up €3,991 (+255%), from €1,567 to €5,558
of which Other amounts receivable: +€4,005
- Tangible fixed assets -€2,500
down €2,500 (-11.1%), from €22,493 to €19,993
- Stocks and contracts -€1,346
down €1,346 (-12.0%), from €11,220 to €9,874
- Deferred charges and accrued income -€588
down €588 (-11.4%), from €5,142 to €4,554
- Other debts -€19,705
down €19,705 (-22.5%), from €87,460 to €67,756
- Profit (loss) carried forward +€18,651
up €18,651 (+20.4%), from -€91,284 to -€72,633
- Trade debts +€4,792
up €4,792 (+47.8%), from €10,021 to €14,813
- Accrued charges and deferred income +€2,273
new in 2025: €2,273
- Tax, wage and social debts +€816
up €816 (+4.3%), from €19,008 to €19,825
of which Taxes: +€1,022
- Gross operating margin +€24,941
up €24,941 (+23.4%), from €106,697 to €131,638
- Staff costs -€5,195
down €5,195 (-4.6%), from €112,529 to €107,334
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 | €43,819 | €50,647 | +€6,828 | +15.6% |
| Fixed assets | 21/28 | €22,493 | €19,993 | -€2,500 | -11.1% |
| Tangible fixed assets | 22/27 | €22,493 | €19,993 | -€2,500 | -11.1% |
| Plant, machinery and equipment | 23 | €22,493 | €19,993 | -€2,500 | -11.1% |
| Current assets | 29/58 | €21,326 | €30,654 | +€9,328 | +43.7% |
| Stocks and contracts in progress | 3 | €11,220 | €9,874 | -€1,346 | -12.0% |
| Stocks | 30/36 | €11,220 | €9,874 | -€1,346 | -12.0% |
| Amounts receivable within one year | 40/41 | €1,567 | €5,558 | +€3,991 | +255% |
| Trade receivables | 40 | €20 | €6 | -€14 | -68.0% |
| Other amounts receivable | 41 | €1,547 | €5,552 | +€4,005 | +259% |
| Cash at bank and in hand | 54/58 | €3,397 | €10,667 | +€7,270 | +214% |
| Deferred charges and accrued income | 490/1 | €5,142 | €4,554 | -€588 | -11.4% |
| Total equity and liabilities | 10/49 | €43,819 | €50,647 | +€6,828 | +15.6% |
| Equity | 10/15 | -€72,671 | -€54,020 | +€18,651 | +25.7% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €13 | €13 | = | 0.0% |
| Non-distributable reserves | 130/1 | €13 | €13 | = | 0.0% |
| Reserves not available under the articles | 1311 | €13 | €13 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€91,284 | -€72,633 | +€18,651 | +20.4% |
| Amounts payable | 17/49 | €116,490 | €104,667 | -€11,823 | -10.1% |
| Amounts payable within one year | 42/48 | €116,490 | €102,394 | -€14,096 | -12.1% |
| Trade debts | 44 | €10,021 | €14,813 | +€4,792 | +47.8% |
| Suppliers | 440/4 | €10,021 | €14,813 | +€4,792 | +47.8% |
| Taxes, remuneration and social security | 45 | €19,008 | €19,825 | +€816 | +4.3% |
| Taxes | 450/3 | €8,031 | €9,054 | +€1,022 | +12.7% |
| Remuneration and social security | 454/9 | €10,977 | €10,771 | -€206 | -1.9% |
| Other amounts payable | 47/48 | €87,460 | €67,756 | -€19,705 | -22.5% |
| Accrued charges and deferred income | 492/3 | - | €2,273 | +€2,273 | |
| Remuneration, social security and pensions | 62 | €112,529 | €107,334 | -€5,195 | -4.6% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €2,500 | €2,500 | = | 0.0% |
| Other operating charges | 640/8 | €846 | €810 | -€36 | -4.2% |
| Gross operating margin | 9900 | €106,697 | €131,638 | +€24,941 | +23.4% |
| Operating profit (loss) | 9901 | -€9,178 | €20,995 | +€30,173 | |
| Financial income | 75/76B | €1 | €7 | +€6 | +584% |
| Recurring financial income | 75 | €1 | €7 | +€6 | +584% |
| Financial charges | 65/66B | €3,549 | €2,351 | -€1,198 | -33.8% |
| Recurring financial charges | 65 | €3,549 | €2,351 | -€1,198 | -33.8% |
| Profit (loss) for the period before taxes | 9903 | -€12,726 | €18,651 | +€31,377 | |
| Profit (loss) for the period | 9904 | -€12,726 | €18,651 | +€31,377 | |
| Profit (loss) for the period to be appropriated | 9905 | -€12,726 | €18,651 | +€31,377 |
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 17 October 2026 via checked.be.