ClearHorizon: 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.
ClearHorizon
Largest movements
- Tangible fixed assets -€15,992
down €15,992 (-12.7%), from €126,137 to €110,145
of which Plant, machinery and equipment: -€17,596
- Cash -€2,146
down €2,146 (-7.7%), from €28,016 to €25,870
mainly Current portion of long-term debt (-€20,660) and Debts after one year (-€16,247)
- Current portion of long-term debt -€20,660
down €20,660 (-53.9%), from €38,345 to €17,685
- Debts after one year -€16,247
down €16,247 (-27.9%), from €58,153 to €41,907
- Other debts +€10,749
up €10,749 (+26.6%), from €40,462 to €51,211
- Profit (loss) carried forward +€10,156
up €10,156, from -€4,442 to €5,714
- Trade debts -€3,949
down €3,949 (-99.0%), from €3,990 to €41
- Gross operating margin -€11,051
down €11,051 (-16.7%), from €66,313 to €55,263
- Turnover -€7,622
down €7,622 (-6.1%), from €123,932 to €116,310
- Other operating charges -€5,388
down €5,388 (-34.1%), from €15,785 to €10,397
- Purchases and services +€4,491
up €4,491 (+7.8%), from €57,715 to €62,206
- Depreciation +€2,384
up €2,384 (+8.3%), from €28,608 to €30,992
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 | €155,109 | €136,514 | -€18,595 | -12.0% |
| Fixed assets | 21/28 | €126,637 | €110,645 | -€15,992 | -12.6% |
| Tangible fixed assets | 22/27 | €126,137 | €110,145 | -€15,992 | -12.7% |
| Land and buildings | 22 | €70,724 | €61,144 | -€9,580 | -13.5% |
| Plant, machinery and equipment | 23 | €52,788 | €35,192 | -€17,596 | -33.3% |
| Furniture and vehicles | 24 | €2,625 | €13,809 | +€11,184 | +426.0% |
| Financial fixed assets | 28 | €500 | €500 | = | 0.0% |
| Current assets | 29/58 | €28,472 | €25,870 | -€2,603 | -9.1% |
| Amounts receivable within one year | 40/41 | €456 | €0 | -€456 | -100.0% |
| Trade receivables | 40 | €0 | €0 | = | |
| Other amounts receivable | 41 | €456 | €0 | -€456 | -100.0% |
| Cash at bank and in hand | 54/58 | €28,016 | €25,870 | -€2,146 | -7.7% |
| Total equity and liabilities | 10/49 | €155,109 | €136,514 | -€18,595 | -12.0% |
| Equity | 10/15 | €14,158 | €24,314 | +€10,156 | +71.7% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€4,442 | €5,714 | +€10,156 | |
| Amounts payable | 17/49 | €140,951 | €112,200 | -€28,750 | -20.4% |
| Amounts payable after more than one year | 17 | €58,153 | €41,907 | -€16,247 | -27.9% |
| Financial debts | 170/4 | €58,153 | €41,907 | -€16,247 | -27.9% |
| Amounts payable within one year | 42/48 | €82,797 | €70,293 | -€12,504 | -15.1% |
| Current portion of amounts payable after more than one year | 42 | €38,345 | €17,685 | -€20,660 | -53.9% |
| Trade debts | 44 | €3,990 | €41 | -€3,949 | -99.0% |
| Suppliers | 440/4 | €3,990 | €41 | -€3,949 | -99.0% |
| Taxes, remuneration and social security | 45 | €0 | €1,357 | +€1,357 | |
| Taxes | 450/3 | €0 | €1,357 | +€1,357 | |
| Other amounts payable | 47/48 | €40,462 | €51,211 | +€10,749 | +26.6% |
| Turnover | 70 | €123,932 | €116,310 | -€7,622 | -6.1% |
| Goods, raw materials, services and sundry goods | 60/61 | €57,715 | €62,206 | +€4,491 | +7.8% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €28,608 | €30,992 | +€2,384 | +8.3% |
| Other operating charges | 640/8 | €15,785 | €10,397 | -€5,388 | -34.1% |
| Gross operating margin | 9900 | €66,313 | €55,263 | -€11,051 | -16.7% |
| Operating profit (loss) | 9901 | €21,920 | €13,874 | -€8,046 | -36.7% |
| Financial income | 75/76B | €1 | - | -€1 | |
| Recurring financial income | 75 | €1 | - | -€1 | |
| Financial charges | 65/66B | €3,102 | €2,910 | -€192 | -6.2% |
| Recurring financial charges | 65 | €3,102 | €2,910 | -€192 | -6.2% |
| Profit (loss) for the period before taxes | 9903 | €18,819 | €10,964 | -€7,855 | -41.7% |
| Income taxes | 67/77 | - | €808 | +€808 | |
| Profit (loss) for the period | 9904 | €18,819 | €10,156 | -€8,663 | -46.0% |
| Profit (loss) for the period to be appropriated | 9905 | €18,819 | €10,156 | -€8,663 | -46.0% |
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.