BEYOND HORIZONS: 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.
BEYOND HORIZONS
Largest movements
- Cash -€6,367
down €6,367 (-34.7%), from €18,347 to €11,980
mainly Provisions (-€20,465) and Deferred charges and accrued income (-€4,294)
- Deferred charges and accrued income +€4,294
up €4,294 (+466.3%), from €921 to €5,214
- Receivables within one year -€3,955
down €3,955 (-22.1%), from €17,904 to €13,949
of which Other amounts receivable: -€5,011
- Tangible fixed assets -€2,089
down €2,089 (-22.5%), from €9,269 to €7,180
of which Furniture and vehicles: -€1,254
- Provisions -€20,465
down €20,465 (-43.2%), from €47,388 to €26,922
- Profit (loss) carried forward +€7,191
up €7,191 (+17.8%), from -€40,476 to -€33,284
- Tax, wage and social debts +€2,962
up €2,962 (+84.4%), from €3,511 to €6,473
- Trade debts +€1,415
up €1,415 (+292.1%), from €485 to €1,900
- Other debts +€779
up €779 (+5.2%), from €15,073 to €15,852
- Provisions -€20,173
down €20,173 (-6907.2%), from -€292 to -€20,465
- Gross operating margin -€12,800
down €12,800 (-25.0%), from €51,250 to €38,449
- Financial charges -€4,184
down €4,184 (-8.1%), from €51,733 to €47,548
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 | €46,440 | €38,322 | -€8,117 | -17.5% |
| Fixed assets | 21/28 | €9,269 | €7,180 | -€2,089 | -22.5% |
| Tangible fixed assets | 22/27 | €9,269 | €7,180 | -€2,089 | -22.5% |
| Furniture and vehicles | 24 | €5,570 | €4,316 | -€1,254 | -22.5% |
| Other tangible fixed assets | 26 | €3,699 | €2,864 | -€835 | -22.6% |
| Current assets | 29/58 | €37,171 | €31,143 | -€6,028 | -16.2% |
| Amounts receivable within one year | 40/41 | €17,904 | €13,949 | -€3,955 | -22.1% |
| Trade receivables | 40 | €12,892 | €13,949 | +€1,056 | +8.2% |
| Other amounts receivable | 41 | €5,011 | - | -€5,011 | |
| Cash at bank and in hand | 54/58 | €18,347 | €11,980 | -€6,367 | -34.7% |
| Deferred charges and accrued income | 490/1 | €921 | €5,214 | +€4,294 | +466.3% |
| Total equity and liabilities | 10/49 | €46,440 | €38,322 | -€8,117 | -17.5% |
| Equity | 10/15 | -€20,016 | -€12,824 | +€7,191 | +35.9% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €1,860 | €1,860 | = | 0.0% |
| Non-distributable reserves | 130/1 | €1,860 | €1,860 | = | 0.0% |
| Reserves not available under the articles | 1311 | €1,860 | €1,860 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€40,476 | -€33,284 | +€7,191 | +17.8% |
| Provisions and deferred taxes | 16 | €47,388 | €26,922 | -€20,465 | -43.2% |
| Provisions for liabilities and charges | 160/5 | €47,388 | €26,922 | -€20,465 | -43.2% |
| Other liabilities and charges | 164/5 | €47,388 | €26,922 | -€20,465 | -43.2% |
| Amounts payable | 17/49 | €19,068 | €24,224 | +€5,156 | +27.0% |
| Amounts payable within one year | 42/48 | €19,068 | €24,224 | +€5,156 | +27.0% |
| Trade debts | 44 | €485 | €1,900 | +€1,415 | +292.1% |
| Suppliers | 440/4 | €485 | €1,900 | +€1,415 | +292.1% |
| Taxes, remuneration and social security | 45 | €3,511 | €6,473 | +€2,962 | +84.4% |
| Taxes | 450/3 | €3,511 | €6,473 | +€2,962 | +84.4% |
| Other amounts payable | 47/48 | €15,073 | €15,852 | +€779 | +5.2% |
| Remuneration, social security and pensions | 62 | - | €250 | +€250 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €3,458 | €3,335 | -€123 | -3.6% |
| Provisions for liabilities and charges: additions (uses and reversals) | 635/8 | -€292 | -€20,465 | -€20,173 | -6907.2% |
| Other operating charges | 640/8 | €848 | €400 | -€448 | -52.8% |
| Gross operating margin | 9900 | €51,250 | €38,449 | -€12,800 | -25.0% |
| Operating profit (loss) | 9901 | €47,236 | €54,930 | +€7,694 | +16.3% |
| Financial income | 75/76B | €3 | €2 | -€0 | -9.8% |
| Recurring financial income | 75 | €3 | €2 | -€0 | -9.8% |
| Financial charges | 65/66B | €51,733 | €47,548 | -€4,184 | -8.1% |
| Recurring financial charges | 65 | €51,733 | €47,548 | -€4,184 | -8.1% |
| Profit (loss) for the period before taxes | 9903 | -€4,494 | €7,384 | +€11,878 | |
| Income taxes | 67/77 | €189 | €185 | -€4 | -2.2% |
| Profit (loss) for the period | 9904 | -€4,683 | €7,200 | +€11,883 | |
| Profit (loss) for the period to be appropriated | 9905 | -€4,683 | €7,200 | +€11,883 |
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 10 October 2026 via checked.be.