FV 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.
FV HORIZON
Largest movements
- Tangible fixed assets +€33,724
up €33,724 (+2,851%), from €1,183 to €34,907
of which Land and buildings: +€33,895
- Receivables within one year -€31,398
down €31,398 (-42.3%), from €74,165 to €42,768
of which Trade receivables: -€29,898
- Cash -€16,954
down €16,954 (-85.8%), from €19,762 to €2,807
mainly Investment in fixed assets (net) (-€33,895) and Tax, wage and social debts (-€13,222)
- Deferred charges and accrued income +€3,147
up €3,147 (+3,761%), from €84 to €3,231
- Tax, wage and social debts -€13,222
down €13,222 (-54.9%), from €24,088 to €10,866
- Other debts -€12,000
down €12,000 (-100%), from €12,000 to €0
- Profit (loss) carried forward +€9,045
up €9,045 (+19.9%), from €45,443 to €54,489
- Trade debts +€7,096
up €7,096 (+386%), from €1,837 to €8,933
- Accrued charges and deferred income -€1,800
down €1,800 (-38.3%), from €4,700 to €2,900
- Gross operating margin -€7,443
down €7,443 (-35.9%), from €20,758 to €13,316
- Taxes -€1,557
down €1,557 (-33.4%), from €4,658 to €3,101
- Other operating charges -€666
down €666 (-55.0%), from €1,210 to €544
- Financial charges +€324
up €324 (+250%), from €130 to €454
From the 2023 result to the 2024 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 2023 and 2024 balance sheets and the 2024 result: not a filed cash-flow statement. It shows where the money came from and went.
Every line side by side
| Line | Code | 2023 | 2024 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €95,193 | €83,713 | -€11,480 | -12.1% |
| Fixed assets | 21/28 | €1,183 | €34,907 | +€33,724 | +2,851% |
| Tangible fixed assets | 22/27 | €1,183 | €34,907 | +€33,724 | +2,851% |
| Land and buildings | 22 | - | €33,895 | +€33,895 | |
| Plant, machinery and equipment | 23 | €1,183 | €1,012 | -€171 | -14.5% |
| Current assets | 29/58 | €94,010 | €48,806 | -€45,204 | -48.1% |
| Amounts receivable within one year | 40/41 | €74,165 | €42,768 | -€31,398 | -42.3% |
| Trade receivables | 40 | €50,165 | €20,268 | -€29,898 | -59.6% |
| Other amounts receivable | 41 | €24,000 | €22,500 | -€1,500 | -6.3% |
| Cash at bank and in hand | 54/58 | €19,762 | €2,807 | -€16,954 | -85.8% |
| Deferred charges and accrued income | 490/1 | €84 | €3,231 | +€3,147 | +3,761% |
| Total equity and liabilities | 10/49 | €95,193 | €83,713 | -€11,480 | -12.1% |
| Equity | 10/15 | €51,643 | €60,689 | +€9,045 | +17.5% |
| Contributions | 10/11 | €6,200 | €6,200 | = | 0.0% |
| Profit (loss) carried forward | 14 | €45,443 | €54,489 | +€9,045 | +19.9% |
| Amounts payable | 17/49 | €43,550 | €23,024 | -€20,525 | -47.1% |
| Amounts payable within one year | 42/48 | €38,850 | €20,124 | -€18,725 | -48.2% |
| Financial debts | 43 | €925 | €325 | -€600 | -64.9% |
| Credit institutions | 430/8 | €925 | €325 | -€600 | -64.9% |
| Trade debts | 44 | €1,837 | €8,933 | +€7,096 | +386% |
| Suppliers | 440/4 | €1,837 | €8,933 | +€7,096 | +386% |
| Taxes, remuneration and social security | 45 | €24,088 | €10,866 | -€13,222 | -54.9% |
| Taxes | 450/3 | €24,088 | €10,866 | -€13,222 | -54.9% |
| Other amounts payable | 47/48 | €12,000 | €0 | -€12,000 | -100% |
| Accrued charges and deferred income | 492/3 | €4,700 | €2,900 | -€1,800 | -38.3% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €171 | €171 | = | 0.0% |
| Provisions for liabilities and charges: additions (uses and reversals) | 635/8 | €0 | - | = | |
| Other operating charges | 640/8 | €1,210 | €544 | -€666 | -55.0% |
| Gross operating margin | 9900 | €20,758 | €13,316 | -€7,443 | -35.9% |
| Operating profit (loss) | 9901 | €19,377 | €12,600 | -€6,777 | -35.0% |
| Financial income | 75/76B | €0 | €0 | -€0 | -50.0% |
| Recurring financial income | 75 | €0 | €0 | -€0 | -50.0% |
| Financial charges | 65/66B | €130 | €454 | +€324 | +250% |
| Recurring financial charges | 65 | €130 | €454 | +€324 | +250% |
| Profit (loss) for the period before taxes | 9903 | €19,247 | €12,147 | -€7,101 | -36.9% |
| Income taxes | 67/77 | €4,658 | €3,101 | -€1,557 | -33.4% |
| Profit (loss) for the period | 9904 | €14,589 | €9,045 | -€5,544 | -38.0% |
| Profit (loss) for the period to be appropriated | 9905 | €14,589 | €9,045 | -€5,544 | -38.0% |
Source: filed annual accounts (NBB), financial years ended 31 December 2023 and 31 December 2024. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 13 October 2026 via checked.be.