E-HORIZONS IT SOLUTIONS: 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.
E-HORIZONS IT SOLUTIONS
Largest movements
- Receivables within one year +€28,039
up €28,039 (+68.1%), from €41,185 to €69,224
of which Other amounts receivable: +€18,455
- Other debts +€72,743
new in 2025: €72,743
- Profit (loss) carried forward -€28,388
down €28,388 (-39.7%), from €71,526 to €43,138
- Debts after one year -€11,573
down €11,573 (-24.1%), from €47,946 to €36,373
- Current portion of long-term debt -€3,369
down €3,369 (-22.5%), from €14,941 to €11,573
- Tax, wage and social debts -€3,042
down €3,042 (-13.1%), from €23,238 to €20,196
- Gross operating margin +€8,357
up €8,357 (+14.0%), from €59,803 to €68,161
- Depreciation +€4,379
up €4,379 (+78.5%), from €5,577 to €9,957
- Financial income +€1,698
new in 2025: €1,698
- Financial charges +€1,440
up €1,440 (+190%), from €757 to €2,197
- Taxes +€1,359
up €1,359 (+11.0%), from €12,381 to €13,740
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 | €167,651 | €195,739 | +€28,088 | +16.8% |
| Fixed assets | 21/28 | €106,142 | €105,135 | -€1,007 | -0.9% |
| Tangible fixed assets | 22/27 | €106,142 | €105,135 | -€1,007 | -0.9% |
| Land and buildings | 22 | €102,052 | €99,155 | -€2,898 | -2.8% |
| Furniture and vehicles | 24 | €4,090 | €5,981 | +€1,891 | +46.2% |
| Current assets | 29/58 | €61,509 | €90,604 | +€29,095 | +47.3% |
| Amounts receivable within one year | 40/41 | €41,185 | €69,224 | +€28,039 | +68.1% |
| Trade receivables | 40 | €20,736 | €30,320 | +€9,584 | +46.2% |
| Other amounts receivable | 41 | €20,449 | €38,904 | +€18,455 | +90.2% |
| Cash at bank and in hand | 54/58 | €20,220 | €21,380 | +€1,160 | +5.7% |
| Deferred charges and accrued income | 490/1 | €104 | - | -€104 | |
| Total equity and liabilities | 10/49 | €167,651 | €195,739 | +€28,088 | +16.8% |
| Equity | 10/15 | €77,726 | €49,338 | -€28,388 | -36.5% |
| Contributions | 10/11 | €6,200 | €6,200 | = | 0.0% |
| Profit (loss) carried forward | 14 | €71,526 | €43,138 | -€28,388 | -39.7% |
| Amounts payable | 17/49 | €89,925 | €146,402 | +€56,477 | +62.8% |
| Amounts payable after more than one year | 17 | €47,946 | €36,373 | -€11,573 | -24.1% |
| Financial debts | 170/4 | €47,946 | €36,373 | -€11,573 | -24.1% |
| Amounts payable within one year | 42/48 | €41,979 | €110,028 | +€68,050 | +162% |
| Current portion of amounts payable after more than one year | 42 | €14,941 | €11,573 | -€3,369 | -22.5% |
| Trade debts | 44 | €3,799 | €5,516 | +€1,717 | +45.2% |
| Suppliers | 440/4 | €3,799 | €5,516 | +€1,717 | +45.2% |
| Taxes, remuneration and social security | 45 | €23,238 | €20,196 | -€3,042 | -13.1% |
| Taxes | 450/3 | €23,238 | €20,196 | -€3,042 | -13.1% |
| Other amounts payable | 47/48 | - | €72,743 | +€72,743 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €5,577 | €9,957 | +€4,379 | +78.5% |
| Other operating charges | 640/8 | €314 | €828 | +€514 | +164% |
| Non-recurring operating charges | 66A | €184 | - | -€184 | |
| Gross operating margin | 9900 | €59,803 | €68,161 | +€8,357 | +14.0% |
| Operating profit (loss) | 9901 | €53,727 | €57,376 | +€3,648 | +6.8% |
| Financial income | 75/76B | - | €1,698 | +€1,698 | |
| Recurring financial income | 75 | - | €1,698 | +€1,698 | |
| Financial charges | 65/66B | €757 | €2,197 | +€1,440 | +190% |
| Recurring financial charges | 65 | €757 | €2,197 | +€1,440 | +190% |
| Profit (loss) for the period before taxes | 9903 | €52,970 | €56,878 | +€3,907 | +7.4% |
| Income taxes | 67/77 | €12,381 | €13,740 | +€1,359 | +11.0% |
| Profit (loss) for the period | 9904 | €40,590 | €43,138 | +€2,548 | +6.3% |
| Profit (loss) for the period to be appropriated | 9905 | €40,590 | €43,138 | +€2,548 | +6.3% |
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 25 October 2026 via checked.be.