Extra Horizon: what changed
What changed
Extra Horizon
NACE 62.100, Computer programming
filed annual accounts (NBB)
Net result for the year
-€784,244
2024 · -€521,953-€262,291
Equity
-€12,454
2024 · €771,790-€784,244
Cash
€84,457
2024 · €240,050-€155,593
Balance sheet total
€2.3m
2024 · €2.8m-€488,910
Largest movements
Assets
- Intangible fixed assets -€214,193
down €214,193 (-9.8%), from €2.2m to €2.0m
- Cash -€155,593
down €155,593 (-64.8%), from €240,050 to €84,457
mainly Net result for the year (-€784,244) and Investment in fixed assets (net) (-€481,021)
- Receivables within one year -€116,783
down €116,783 (-31.7%), from €368,084 to €251,301
of which Other amounts receivable: -€94,331
Equity and liabilities
- Profit (loss) carried forward -€784,244
down €784,244 (-23.4%), from -€3.3m to -€4.1m
- Debts after one year +€200,000
up €200,000 (+11.8%), from €1.7m to €1.9m
- Accrued charges and deferred income +€104,728
up €104,728 (+46.4%), from €225,870 to €330,597
Income statement
- Gross operating margin -€227,326
down €227,326 (-33.9%), from €669,767 to €442,441
- Depreciation +€85,819
up €85,819 (+14.1%), from €610,548 to €696,367
- Staff costs -€77,045
down €77,045 (-16.6%), from €463,509 to €386,464
- Financial charges +€21,651
up €21,651 (+16.0%), from €135,064 to €156,715
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.
Result 2024
-€521,953
Gross operating margin
-€227,326
Staff costs
+€77,045
Depreciation
-€85,819
Other operating charges
-€759
Financial income
-€2,872
Financial charges
-€21,651
Taxes
-€909
Result 2025
-€784,244
raises the resultlowers the result
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.
From operations
+€125,428
Investment
-€481,021
Financing
+€200,000
Cash 2024
€240,050
From operations (derived)
+€125,428
Net result for the year
-€784,244
Depreciation
+€696,367
Receivables within one year
+€116,783
Smaller working-capital items
+€1,684
Trade debts
-€14,969
Tax, wage and social debts
+€5,080
Accrued charges and deferred income
+€104,728
Investment (derived)
-€481,021
Investment in fixed assets (net)
-€481,021
Financing
+€200,000
Debts after one year
+€200,000
Cash 2025
€84,457
brings cash intakes cash out
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €2,808,095 | €2,319,184 | -€488,910 | -17.4% |
| Fixed assets | 21/28 | €2,178,551 | €1,963,205 | -€215,346 | -9.9% |
| Intangible fixed assets | 21 | €2,177,363 | €1,963,170 | -€214,193 | -9.8% |
| Tangible fixed assets | 22/27 | €1,188 | €35 | -€1,153 | -97.0% |
| Furniture and vehicles | 24 | €1,188 | €35 | -€1,153 | -97.0% |
| Current assets | 29/58 | €629,544 | €355,979 | -€273,564 | -43.5% |
| Amounts receivable within one year | 40/41 | €368,084 | €251,301 | -€116,783 | -31.7% |
| Trade receivables | 40 | €115,421 | €92,969 | -€22,452 | -19.5% |
| Other amounts receivable | 41 | €252,662 | €158,331 | -€94,331 | -37.3% |
| Cash at bank and in hand | 54/58 | €240,050 | €84,457 | -€155,593 | -64.8% |
| Deferred charges and accrued income | 490/1 | €21,410 | €20,222 | -€1,189 | -5.6% |
| Total equity and liabilities | 10/49 | €2,808,095 | €2,319,184 | -€488,910 | -17.4% |
| Equity | 10/15 | €771,790 | -€12,454 | -€784,244 | |
| Contributions | 10/11 | €4,121,725 | €4,121,725 | = | 0.0% |
| Capital | 10 | €247,046 | €247,046 | = | 0.0% |
| Issued capital | 100 | €247,046 | €247,046 | = | 0.0% |
| Contributions outside capital | 11 | €3,874,679 | €3,874,679 | = | 0.0% |
| Share premium | 1100/10 | €3,874,679 | €3,874,679 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€3,349,935 | -€4,134,179 | -€784,244 | -23.4% |
| Amounts payable | 17/49 | €2,036,305 | €2,331,639 | +€295,334 | +14.5% |
| Amounts payable after more than one year | 17 | €1,700,000 | €1,900,000 | +€200,000 | +11.8% |
| Financial debts | 170/4 | €1,700,000 | €1,900,000 | +€200,000 | +11.8% |
| Amounts payable within one year | 42/48 | €110,435 | €101,041 | -€9,394 | -8.5% |
| Financial debts | 43 | €0 | - | = | |
| Credit institutions | 430/8 | €0 | - | = | |
| Trade debts | 44 | €72,068 | €57,099 | -€14,969 | -20.8% |
| Suppliers | 440/4 | €72,068 | €57,099 | -€14,969 | -20.8% |
| Taxes, remuneration and social security | 45 | €38,250 | €43,330 | +€5,080 | +13.3% |
| Taxes | 450/3 | €264 | €932 | +€668 | +253% |
| Remuneration and social security | 454/9 | €37,986 | €42,397 | +€4,412 | +11.6% |
| Other amounts payable | 47/48 | €118 | €613 | +€495 | +421% |
| Accrued charges and deferred income | 492/3 | €225,870 | €330,597 | +€104,728 | +46.4% |
| Remuneration, social security and pensions | 62 | €463,509 | €386,464 | -€77,045 | -16.6% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €610,548 | €696,367 | +€85,819 | +14.1% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | €0 | - | = | |
| Other operating charges | 640/8 | €1,331 | €2,091 | +€759 | +57.0% |
| Gross operating margin | 9900 | €669,767 | €442,441 | -€227,326 | -33.9% |
| Operating profit (loss) | 9901 | -€405,621 | -€642,481 | -€236,860 | -58.4% |
| Financial income | 75/76B | €2,873 | €2 | -€2,872 | -99.9% |
| Recurring financial income | 75 | €2,873 | €2 | -€2,872 | -99.9% |
| Financial charges | 65/66B | €135,064 | €156,715 | +€21,651 | +16.0% |
| Recurring financial charges | 65 | €135,064 | €156,715 | +€21,651 | +16.0% |
| Profit (loss) for the period before taxes | 9903 | -€537,812 | -€799,195 | -€261,383 | -48.6% |
| Income taxes | 67/77 | -€15,859 | -€14,950 | +€909 | +5.7% |
| Profit (loss) for the period | 9904 | -€521,953 | -€784,244 | -€262,291 | -50.3% |
| Profit (loss) for the period to be appropriated | 9905 | -€521,953 | -€784,244 | -€262,291 | -50.3% |
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Calculation and sources
Source: filed annual accounts (NBB), financial years ended 31 December 2024 and 31 December 2025. Green is a favourable move for that line, red an unfavourable one. Prepared on 3 November 2026 via checked.be.