BRIGHT 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.
BRIGHT HORIZON
Largest movements
- Receivables within one year -€12,200
down €12,200 (-22.9%), from €53,378 to €41,178
of which Other amounts receivable: -€16,075
- Cash -€10,033
down €10,033 (-30.6%), from €32,768 to €22,734
mainly Contributions, distributions and other (-€107,026) and Trade debts (-€5,537)
- Deferred charges and accrued income -€1,407
down €1,407 (-100%), from €1,407 to €0
- Profit (loss) carried forward -€61,028
down €61,028 (-100%), from €61,028 to €0
- Other debts +€45,139
up €45,139 (+5,255%), from €859 to €45,998
- Trade debts -€5,537
down €5,537 (-93.7%), from €5,908 to €371
- Tax, wage and social debts -€2,669
down €2,669 (-12.7%), from €21,060 to €18,391
of which Taxes: -€2,669
- Accrued charges and deferred income +€1,125
up €1,125, from €0 to €1,125
- Gross operating margin +€19,258
up €19,258 (+48.4%), from €39,765 to €59,023
- Taxes +€4,090
up €4,090 (+51.3%), from €7,969 to €12,059
- Financial income +€1,879
new in 2025: €1,879
- Depreciation +€1,478
up €1,478 (+1,437%), from €103 to €1,581
- Financial charges -€698
down €698 (-52.2%), from €1,336 to €639
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 | €90,855 | €67,885 | -€22,971 | -25.3% |
| Fixed assets | 21/28 | €3,303 | €3,973 | +€670 | +20.3% |
| Tangible fixed assets | 22/27 | €3,303 | €3,973 | +€670 | +20.3% |
| Furniture and vehicles | 24 | €3,303 | €3,973 | +€670 | +20.3% |
| Current assets | 29/58 | €87,552 | €63,912 | -€23,640 | -27.0% |
| Amounts receivable within one year | 40/41 | €53,378 | €41,178 | -€12,200 | -22.9% |
| Trade receivables | 40 | €9,438 | €13,313 | +€3,875 | +41.1% |
| Other amounts receivable | 41 | €43,940 | €27,865 | -€16,075 | -36.6% |
| Cash at bank and in hand | 54/58 | €32,768 | €22,734 | -€10,033 | -30.6% |
| Deferred charges and accrued income | 490/1 | €1,407 | €0 | -€1,407 | -100% |
| Total equity and liabilities | 10/49 | €90,855 | €67,885 | -€22,971 | -25.3% |
| Equity | 10/15 | €63,028 | €2,000 | -€61,028 | -96.8% |
| Contributions | 10/11 | €2,000 | €2,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | €61,028 | €0 | -€61,028 | -100% |
| Amounts payable | 17/49 | €27,827 | €65,885 | +€38,058 | +137% |
| Amounts payable within one year | 42/48 | €27,827 | €64,760 | +€36,933 | +133% |
| Trade debts | 44 | €5,908 | €371 | -€5,537 | -93.7% |
| Suppliers | 440/4 | €5,908 | €371 | -€5,537 | -93.7% |
| Taxes, remuneration and social security | 45 | €21,060 | €18,391 | -€2,669 | -12.7% |
| Taxes | 450/3 | €21,060 | €18,391 | -€2,669 | -12.7% |
| Remuneration and social security | 454/9 | €0 | - | = | |
| Other amounts payable | 47/48 | €859 | €45,998 | +€45,139 | +5,255% |
| Accrued charges and deferred income | 492/3 | €0 | €1,125 | +€1,125 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €103 | €1,581 | +€1,478 | +1,437% |
| Other operating charges | 640/8 | €514 | €626 | +€112 | +21.8% |
| Non-recurring operating charges | 66A | €701 | €0 | -€701 | -100% |
| Gross operating margin | 9900 | €39,765 | €59,023 | +€19,258 | +48.4% |
| Operating profit (loss) | 9901 | €38,448 | €56,816 | +€18,368 | +47.8% |
| Financial income | 75/76B | - | €1,879 | +€1,879 | |
| Recurring financial income | 75 | - | €1,879 | +€1,879 | |
| Financial charges | 65/66B | €1,336 | €639 | -€698 | -52.2% |
| Recurring financial charges | 65 | €1,336 | €639 | -€698 | -52.2% |
| Profit (loss) for the period before taxes | 9903 | €37,111 | €58,057 | +€20,945 | +56.4% |
| Income taxes | 67/77 | €7,969 | €12,059 | +€4,090 | +51.3% |
| Profit (loss) for the period | 9904 | €29,143 | €45,998 | +€16,855 | +57.8% |
| Profit (loss) for the period to be appropriated | 9905 | €29,143 | €45,998 | +€16,855 | +57.8% |
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 29 October 2026 via checked.be.