HORIMEX & CO: 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.
HORIMEX & CO
Largest movements
- Receivables within one year +€39,201
up €39,201 (+233%), from €16,798 to €56,000
of which Trade receivables: +€37,316
- Tangible fixed assets +€14,939
up €14,939 (+27.4%), from €54,493 to €69,432
of which Furniture and vehicles: +€19,814
- Cash -€8,267
down €8,267 (-9.3%), from €89,221 to €80,955
mainly Receivables within one year (-€39,201) and Investment in fixed assets (net) (-€36,520)
- Stocks and contracts -€3,375
down €3,375 (-3.4%), from €98,643 to €95,268
- Reserves +€25,501
up €25,501 (+30.4%), from €83,858 to €109,360
of which Distributable reserves: +€25,501
- Debts after one year +€9,012
up €9,012 (+15.9%), from €56,724 to €65,736
- Current portion of long-term debt +€5,716
up €5,716 (+58.1%), from €9,833 to €15,550
- Gross operating margin +€14,237
up €14,237 (+32.0%), from €44,540 to €58,776
- Depreciation +€8,763
up €8,763 (+68.4%), from €12,818 to €21,581
- Taxes +€6,154
up €6,154 (+1,535%), from €401 to €6,554
- Financial charges +€969
up €969 (+34.4%), from €2,816 to €3,785
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 | €261,753 | €306,932 | +€45,180 | +17.3% |
| Fixed assets | 21/28 | €54,493 | €69,432 | +€14,939 | +27.4% |
| Tangible fixed assets | 22/27 | €54,493 | €69,432 | +€14,939 | +27.4% |
| Furniture and vehicles | 24 | €47,187 | €67,001 | +€19,814 | +42.0% |
| Other tangible fixed assets | 26 | €7,306 | €2,430 | -€4,875 | -66.7% |
| Current assets | 29/58 | €207,260 | €237,501 | +€30,241 | +14.6% |
| Stocks and contracts in progress | 3 | €98,643 | €95,268 | -€3,375 | -3.4% |
| Stocks | 30/36 | €98,643 | €95,268 | -€3,375 | -3.4% |
| Amounts receivable within one year | 40/41 | €16,798 | €56,000 | +€39,201 | +233% |
| Trade receivables | 40 | €15,186 | €52,503 | +€37,316 | +246% |
| Other amounts receivable | 41 | €1,612 | €3,497 | +€1,885 | +117% |
| Cash at bank and in hand | 54/58 | €89,221 | €80,955 | -€8,267 | -9.3% |
| Deferred charges and accrued income | 490/1 | €2,597 | €5,279 | +€2,681 | +103% |
| Total equity and liabilities | 10/49 | €261,753 | €306,932 | +€45,180 | +17.3% |
| Equity | 10/15 | €123,858 | €149,360 | +€25,501 | +20.6% |
| Contributions | 10/11 | €40,000 | €40,000 | = | 0.0% |
| Reserves | 13 | €83,858 | €109,360 | +€25,501 | +30.4% |
| Non-distributable reserves | 130/1 | €4,000 | €4,000 | = | 0.0% |
| Reserves not available under the articles | 1311 | €4,000 | €4,000 | = | 0.0% |
| Distributable reserves | 133 | €79,858 | €105,360 | +€25,501 | +31.9% |
| Amounts payable | 17/49 | €137,895 | €157,573 | +€19,678 | +14.3% |
| Amounts payable after more than one year | 17 | €56,724 | €65,736 | +€9,012 | +15.9% |
| Financial debts | 170/4 | €56,724 | €65,736 | +€9,012 | +15.9% |
| Amounts payable within one year | 42/48 | €81,137 | €91,837 | +€10,700 | +13.2% |
| Current portion of amounts payable after more than one year | 42 | €9,833 | €15,550 | +€5,716 | +58.1% |
| Trade debts | 44 | €34,410 | €34,551 | +€141 | +0.4% |
| Suppliers | 440/4 | €34,410 | €34,551 | +€141 | +0.4% |
| Taxes, remuneration and social security | 45 | €1,848 | €4,658 | +€2,809 | +152% |
| Taxes | 450/3 | €1,848 | €4,658 | +€2,809 | +152% |
| Other amounts payable | 47/48 | €35,046 | €37,079 | +€2,033 | +5.8% |
| Accrued charges and deferred income | 492/3 | €34 | - | -€34 | |
| Non-recurring operating income | 76A | €1,000 | €5,430 | +€4,430 | +443% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €12,818 | €21,581 | +€8,763 | +68.4% |
| Other operating charges | 640/8 | €1,891 | €1,662 | -€229 | -12.1% |
| Gross operating margin | 9900 | €44,540 | €58,776 | +€14,237 | +32.0% |
| Operating profit (loss) | 9901 | €29,831 | €35,534 | +€5,703 | +19.1% |
| Financial income | 75/76B | €152 | €307 | +€156 | +103% |
| Recurring financial income | 75 | €152 | €307 | +€156 | +103% |
| Financial charges | 65/66B | €2,816 | €3,785 | +€969 | +34.4% |
| Recurring financial charges | 65 | €2,816 | €3,785 | +€969 | +34.4% |
| Profit (loss) for the period before taxes | 9903 | €27,167 | €32,056 | +€4,889 | +18.0% |
| Income taxes | 67/77 | €401 | €6,554 | +€6,154 | +1,535% |
| Profit (loss) for the period | 9904 | €26,766 | €25,501 | -€1,264 | -4.7% |
| Profit (loss) for the period to be appropriated | 9905 | €26,766 | €25,501 | -€1,264 | -4.7% |
Source: filed annual accounts (NBB), financial years ended 30 September 2024 and 30 September 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 28 October 2026 via checked.be.