BM HORIZON: 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.
BM HORIZON
Largest movements
- Cash -€722
down €722 (-94.8%), from €762 to €40
mainly Net result for the year (-€478) and Trade debts (-€182)
- Receivables within one year +€62
up €62 (+5.6%), from €1,111 to €1,173
- Profit (loss) carried forward -€478
down €478 (-10.5%), from -€4,573 to -€5,052
- Trade debts -€182
no longer reported in 2022 (was €182)
- Gross operating margin +€1,238
up €1,238 (+78.0%), from -€1,588 to -€350
- Financial income -€31
down €31 (-37.2%), from €83 to €52
From the 2021 result to the 2022 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 2021 and 2022 balance sheets and the 2022 result: not a filed cash-flow statement. It shows where the money came from and went.
Every line side by side
| Line | Code | 2021 | 2022 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €1,873 | €1,213 | -€660 | -35.2% |
| Current assets | 29/58 | €1,873 | €1,213 | -€660 | -35.2% |
| Amounts receivable within one year | 40/41 | €1,111 | €1,173 | +€62 | +5.6% |
| Other amounts receivable | 41 | €1,111 | €1,173 | +€62 | +5.6% |
| Cash at bank and in hand | 54/58 | €762 | €40 | -€722 | -94.8% |
| Total equity and liabilities | 10/49 | €1,873 | €1,213 | -€660 | -35.2% |
| Equity | 10/15 | €1,627 | €1,148 | -€478 | -29.4% |
| Contributions | 10/11 | €6,200 | €6,200 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€4,573 | -€5,052 | -€478 | -10.5% |
| Amounts payable | 17/49 | €246 | €65 | -€182 | -73.8% |
| Amounts payable within one year | 42/48 | €246 | €65 | -€182 | -73.8% |
| Trade debts | 44 | €182 | - | -€182 | |
| Suppliers | 440/4 | €182 | - | -€182 | |
| Taxes, remuneration and social security | 45 | €65 | €65 | = | 0.0% |
| Taxes | 450/3 | €65 | €65 | = | 0.0% |
| Gross operating margin | 9900 | -€1,588 | -€350 | +€1,238 | +78.0% |
| Operating profit (loss) | 9901 | -€1,588 | -€350 | +€1,238 | +78.0% |
| Financial income | 75/76B | €83 | €52 | -€31 | -37.2% |
| Recurring financial income | 75 | €83 | €52 | -€31 | -37.2% |
| Financial charges | 65/66B | €165 | €180 | +€15 | +9.2% |
| Recurring financial charges | 65 | €165 | €180 | +€15 | +9.2% |
| Profit (loss) for the period before taxes | 9903 | -€1,670 | -€478 | +€1,192 | +71.4% |
| Profit (loss) for the period | 9904 | -€1,670 | -€478 | +€1,192 | +71.4% |
| Profit (loss) for the period to be appropriated | 9905 | -€1,670 | -€478 | +€1,192 | +71.4% |
Source: filed annual accounts (NBB), fiscal years ended 31 December 2021 and 31 December 2022. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 8 October 2026 via checked.be.