BnS Horizon: 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.
BnS Horizon
Largest movements
- Receivables within one year -€34,274
down €34,274 (-75.3%), from €45,521 to €11,248
of which Trade receivables: -€34,207
- Tangible fixed assets +€16,918
up €16,918 (+5.6%), from €303,074 to €319,992
of which Land and buildings: +€16,918
- Cash +€3,591
up €3,591 (+1,104%), from €325 to €3,917
mainly Receivables within one year (+€34,274) and Depreciation (+€18,425)
- Other debts -€41,845
down €41,845 (-34.7%), from €120,457 to €78,612
- Debts after one year +€10,272
up €10,272 (+7.9%), from €129,978 to €140,250
- Short-term financial debts +€7,272
up €7,272 (+300%), from €2,423 to €9,695
- Profit (loss) carried forward +€6,006
up €6,006 (+37.4%), from €16,048 to €22,055
- Trade debts +€4,257
up €4,257 (+741%), from €575 to €4,831
- Gross operating margin -€35,176
down €35,176 (-50.1%), from €70,158 to €34,982
- Purchases and services -€13,327
no longer reported in 2025 (was €13,327)
- Taxes -€12,183
down €12,183 (-84.2%), from €14,463 to €2,280
- Financial charges -€2,596
down €2,596 (-27.6%), from €9,419 to €6,822
- Depreciation +€1,738
up €1,738 (+10.4%), from €16,687 to €18,425
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 | €348,951 | €335,353 | -€13,598 | -3.9% |
| Fixed assets | 21/28 | €303,074 | €319,992 | +€16,918 | +5.6% |
| Tangible fixed assets | 22/27 | €303,074 | €319,992 | +€16,918 | +5.6% |
| Land and buildings | 22 | €303,074 | €319,992 | +€16,918 | +5.6% |
| Plant, machinery and equipment | 23 | - | €0 | = | |
| Furniture and vehicles | 24 | - | €0 | = | |
| Current assets | 29/58 | €45,877 | €15,361 | -€30,516 | -66.5% |
| Amounts receivable within one year | 40/41 | €45,521 | €11,248 | -€34,274 | -75.3% |
| Trade receivables | 40 | €45,455 | €11,248 | -€34,207 | -75.3% |
| Other amounts receivable | 41 | €67 | - | -€67 | |
| Cash at bank and in hand | 54/58 | €325 | €3,917 | +€3,591 | +1,104% |
| Deferred charges and accrued income | 490/1 | €30 | €197 | +€167 | +547% |
| Total equity and liabilities | 10/49 | €348,951 | €335,353 | -€13,598 | -3.9% |
| Equity | 10/15 | €59,031 | €65,037 | +€6,006 | +10.2% |
| Contributions | 10/11 | €6,200 | €6,200 | = | 0.0% |
| Reserves | 13 | €36,782 | €36,782 | = | 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% |
| Tax-exempt reserves | 132 | €6,490 | €6,490 | = | 0.0% |
| Distributable reserves | 133 | €28,432 | €28,432 | = | 0.0% |
| Profit (loss) carried forward | 14 | €16,048 | €22,055 | +€6,006 | +37.4% |
| Amounts payable | 17/49 | €289,920 | €270,316 | -€19,604 | -6.8% |
| Amounts payable after more than one year | 17 | €129,978 | €140,250 | +€10,272 | +7.9% |
| Financial debts | 170/4 | €129,978 | €140,250 | +€10,272 | +7.9% |
| Amounts payable within one year | 42/48 | €159,231 | €128,978 | -€30,253 | -19.0% |
| Current portion of amounts payable after more than one year | 42 | €21,418 | €24,556 | +€3,138 | +14.7% |
| Financial debts | 43 | €2,423 | €9,695 | +€7,272 | +300% |
| Credit institutions | 430/8 | €2,423 | €9,695 | +€7,272 | +300% |
| Trade debts | 44 | €575 | €4,831 | +€4,257 | +741% |
| Suppliers | 440/4 | €575 | €4,831 | +€4,257 | +741% |
| Taxes, remuneration and social security | 45 | €14,359 | €11,284 | -€3,075 | -21.4% |
| Taxes | 450/3 | €14,359 | €11,284 | -€3,075 | -21.4% |
| Other amounts payable | 47/48 | €120,457 | €78,612 | -€41,845 | -34.7% |
| Accrued charges and deferred income | 492/3 | €712 | €1,089 | +€377 | +53.0% |
| Non-recurring operating income | 76A | €12,878 | - | -€12,878 | |
| Goods, raw materials, services and sundry goods | 60/61 | €13,327 | - | -€13,327 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €16,687 | €18,425 | +€1,738 | +10.4% |
| Other operating charges | 640/8 | €1,159 | €1,449 | +€290 | +25.0% |
| Gross operating margin | 9900 | €70,158 | €34,982 | -€35,176 | -50.1% |
| Operating profit (loss) | 9901 | €52,312 | €15,108 | -€37,205 | -71.1% |
| Financial income | 75/76B | €1 | €0 | -€1 | -70.8% |
| Recurring financial income | 75 | €1 | €0 | -€1 | -70.8% |
| Financial charges | 65/66B | €9,419 | €6,822 | -€2,596 | -27.6% |
| Recurring financial charges | 65 | €9,419 | €6,822 | -€2,596 | -27.6% |
| Profit (loss) for the period before taxes | 9903 | €42,895 | €8,286 | -€34,609 | -80.7% |
| Income taxes | 67/77 | €14,463 | €2,280 | -€12,183 | -84.2% |
| Profit (loss) for the period | 9904 | €28,432 | €6,006 | -€22,426 | -78.9% |
| Profit (loss) for the period to be appropriated | 9905 | €28,432 | €6,006 | -€22,426 | -78.9% |
Source: filed annual accounts (NBB), financial years ended 30 June 2024 and 30 June 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 17 October 2026 via checked.be.