HORASSUR: 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.
HORASSUR
Largest movements
- Tangible fixed assets -€14,389
down €14,389 (-60.6%), from €23,761 to €9,372
of which Furniture and vehicles: -€14,020
- Receivables within one year +€4,667
up €4,667 (+16.2%), from €28,741 to €33,408
of which Trade receivables: +€2,548
- Cash +€2,627
up €2,627 (+173%), from €1,520 to €4,146
mainly Depreciation (+€15,108) and Trade debts (+€3,280)
- Deferred charges and accrued income +€1,150
up €1,150 (+63.8%), from €1,802 to €2,952
- Other debts -€5,449
no longer reported in 2025 (was €5,449)
- Profit (loss) carried forward -€4,149
down €4,149 (-3.0%), from -€137,844 to -€141,993
- Trade debts +€3,280
up €3,280 (+19.4%), from €16,888 to €20,168
- Gross operating margin +€15,110
up €15,110 (+49.3%), from €30,628 to €45,738
- Taxes -€2,156
down €2,156 (-88.3%), from €2,443 to €286
- Staff costs +€1,565
up €1,565 (+5.3%), from €29,282 to €30,847
- Other operating charges +€780
up €780 (+38.7%), from €2,018 to €2,798
- Depreciation +€580
up €580 (+4.0%), from €14,528 to €15,108
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 | €55,934 | €49,988 | -€5,946 | -10.6% |
| Fixed assets | 21/28 | €23,871 | €9,482 | -€14,389 | -60.3% |
| Tangible fixed assets | 22/27 | €23,761 | €9,372 | -€14,389 | -60.6% |
| Furniture and vehicles | 24 | €22,927 | €8,907 | -€14,020 | -61.2% |
| Other tangible fixed assets | 26 | €834 | €465 | -€369 | -44.2% |
| Financial fixed assets | 28 | €110 | €110 | = | 0.0% |
| Current assets | 29/58 | €32,063 | €40,506 | +€8,443 | +26.3% |
| Amounts receivable within one year | 40/41 | €28,741 | €33,408 | +€4,667 | +16.2% |
| Trade receivables | 40 | €27,377 | €29,925 | +€2,548 | +9.3% |
| Other amounts receivable | 41 | €1,364 | €3,483 | +€2,119 | +155% |
| Cash at bank and in hand | 54/58 | €1,520 | €4,146 | +€2,627 | +173% |
| Deferred charges and accrued income | 490/1 | €1,802 | €2,952 | +€1,150 | +63.8% |
| Total equity and liabilities | 10/49 | €55,934 | €49,988 | -€5,946 | -10.6% |
| Equity | 10/15 | €25,329 | €21,180 | -€4,149 | -16.4% |
| Contributions | 10/11 | €22,000 | €22,000 | = | 0.0% |
| Reserves | 13 | €141,173 | €141,173 | = | 0.0% |
| Distributable reserves | 133 | €141,173 | €141,173 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€137,844 | -€141,993 | -€4,149 | -3.0% |
| Amounts payable | 17/49 | €30,605 | €28,808 | -€1,797 | -5.9% |
| Amounts payable within one year | 42/48 | €30,605 | €28,808 | -€1,797 | -5.9% |
| Trade debts | 44 | €16,888 | €20,168 | +€3,280 | +19.4% |
| Suppliers | 440/4 | €16,888 | €20,168 | +€3,280 | +19.4% |
| Taxes, remuneration and social security | 45 | €8,268 | €8,640 | +€372 | +4.5% |
| Remuneration and social security | 454/9 | €8,268 | €8,640 | +€372 | +4.5% |
| Other amounts payable | 47/48 | €5,449 | - | -€5,449 | |
| Remuneration, social security and pensions | 62 | €29,282 | €30,847 | +€1,565 | +5.3% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €14,528 | €15,108 | +€580 | +4.0% |
| Other operating charges | 640/8 | €2,018 | €2,798 | +€780 | +38.7% |
| Gross operating margin | 9900 | €30,628 | €45,738 | +€15,110 | +49.3% |
| Operating profit (loss) | 9901 | -€15,200 | -€3,015 | +€12,185 | +80.2% |
| Financial income | 75/76B | €0 | - | -€0 | |
| Recurring financial income | 75 | €0 | - | -€0 | |
| Financial charges | 65/66B | €1,015 | €852 | -€162 | -16.0% |
| Recurring financial charges | 65 | €1,015 | €852 | -€162 | -16.0% |
| Profit (loss) for the period before taxes | 9903 | -€16,215 | -€3,867 | +€12,347 | +76.1% |
| Income taxes | 67/77 | €2,443 | €286 | -€2,156 | -88.3% |
| Profit (loss) for the period | 9904 | -€18,657 | -€4,154 | +€14,503 | +77.7% |
| Profit (loss) for the period to be appropriated | 9905 | -€18,657 | -€4,154 | +€14,503 | +77.7% |
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 15 October 2026 via checked.be.