EVENTS AT HORTA: what changed
EVENTS AT HORTA
Largest movements
- Receivables within one year +€6,013
up €6,013 (+2.6%), from €233,416 to €239,428
- Cash -€4,561
down €4,561 (-65.4%), from €6,974 to €2,413
mainly Receivables within one year (-€6,013) and Trade debts (-€166)
No liability line moved by more than 1% of the balance sheet total.
- Provisions +€60,500
no longer reported in 2025 (was -€60,500)
- Gross operating margin -€12,594
down €12,594, from €10,675 to -€1,919
- Financial income -€1,506
down €1,506 (-25.4%), from €5,919 to €4,413
- Other operating charges -€300
down €300 (-43.7%), from €688 to €387
- Financial charges -€127
down €127 (-20.6%), from €616 to €489
Change in the result, 2024 to 2025
For each income-statement line you see the change as its effect on the result. Higher costs lower the result, higher income raises it.
Derived cash bridge
The bridge is derived from the 2024 and 2025 balance sheets and the 2025 result. There is no filed cash-flow statement. You see where the money came from and where it went.
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €240,390 | €241,841 | +€1,451 | +0.6% |
| Current assets | 29/58 | €240,390 | €241,841 | +€1,451 | +0.6% |
| Amounts receivable within one year | 40/41 | €233,416 | €239,428 | +€6,013 | +2.6% |
| Other amounts receivable | 41 | €233,416 | €239,428 | +€6,013 | +2.6% |
| Cash at bank and in hand | 54/58 | €6,974 | €2,413 | -€4,561 | -65.4% |
| Total equity and liabilities | 10/49 | €240,390 | €241,841 | +€1,451 | +0.6% |
| Equity | 10/15 | €239,224 | €240,841 | +€1,617 | +0.7% |
| Contributions | 10/11 | €20,000 | €20,000 | = | 0.0% |
| Reserves | 13 | €8,792 | €8,792 | = | 0.0% |
| Non-distributable reserves | 130/1 | €8,792 | €8,792 | = | 0.0% |
| Reserves not available under the articles | 1311 | €8,792 | €8,792 | = | 0.0% |
| Profit (loss) carried forward | 14 | €210,431 | €212,049 | +€1,617 | +0.8% |
| Amounts payable | 17/49 | €1,166 | €1,000 | -€166 | -14.2% |
| Amounts payable within one year | 42/48 | €1,166 | €1,000 | -€166 | -14.2% |
| Trade debts | 44 | €166 | - | -€166 | |
| Suppliers | 440/4 | €166 | - | -€166 | |
| Other amounts payable | 47/48 | €1,000 | €1,000 | = | 0.0% |
| Provisions for liabilities and charges: additions (uses and reversals) | 635/8 | -€60,500 | - | +€60,500 | |
| Other operating charges | 640/8 | €688 | €387 | -€300 | -43.7% |
| Gross operating margin | 9900 | €10,675 | -€1,919 | -€12,594 | |
| Operating profit (loss) | 9901 | €70,487 | -€2,307 | -€72,794 | |
| Financial income | 75/76B | €5,919 | €4,413 | -€1,506 | -25.4% |
| Recurring financial income | 75 | €5,919 | €4,413 | -€1,506 | -25.4% |
| Financial charges | 65/66B | €616 | €489 | -€127 | -20.6% |
| Recurring financial charges | 65 | €616 | €489 | -€127 | -20.6% |
| Profit (loss) for the period before taxes | 9903 | €75,790 | €1,617 | -€74,172 | -97.9% |
| Profit (loss) for the period | 9904 | €75,790 | €1,617 | -€74,172 | -97.9% |
| Profit (loss) for the period to be appropriated | 9905 | €75,790 | €1,617 | -€74,172 | -97.9% |
Next steps
Calculation and sources
Source: filed annual accounts (NBB), financial years ended 30 June 2024 and 30 June 2025. Green is a favourable move for that line, red an unfavourable one. Prepared on 5 November 2026 via checked.be.