Horion Consulting: what changed
Horion Consulting
Largest movements
- Receivables within one year +€68,607
up €68,607 (+214%), from €32,014 to €100,620
of which Trade receivables: +€49,450
- Cash +€60,270
up €60,270 (+153%), from €39,295 to €99,565
mainly Net result for the year (+€96,047) and Tax, wage and social debts (+€32,012)
- Deferred charges and accrued income +€13,955
up €13,955 (+2,415%), from €578 to €14,532
- Tangible fixed assets +€3,029
up €3,029 (+50.8%), from €5,968 to €8,997
- Profit (loss) carried forward +€96,047
up €96,047 (+109%), from €88,008 to €184,054
- Tax, wage and social debts +€32,012
up €32,012 (+342%), from €9,349 to €41,361
of which Taxes: +€32,012
- Trade debts +€17,802
up €17,802 (+647%), from €2,753 to €20,554
- Gross operating margin +€126,311
up €126,311 (+2,633%), from €4,798 to €131,109
- Taxes +€30,109
up €30,109 (+1,911%), from €1,576 to €31,684
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 | €103,110 | €248,970 | +€145,860 | +141% |
| Fixed assets | 21/28 | €6,223 | €9,252 | +€3,029 | +48.7% |
| Tangible fixed assets | 22/27 | €5,968 | €8,997 | +€3,029 | +50.8% |
| Furniture and vehicles | 24 | €5,968 | €8,997 | +€3,029 | +50.8% |
| Financial fixed assets | 28 | €255 | €255 | = | 0.0% |
| Current assets | 29/58 | €96,887 | €239,718 | +€142,831 | +147% |
| Amounts receivable within one year | 40/41 | €32,014 | €100,620 | +€68,607 | +214% |
| Trade receivables | 40 | €16,050 | €65,500 | +€49,450 | +308% |
| Other amounts receivable | 41 | €15,964 | €35,120 | +€19,157 | +120% |
| Current investments | 50/53 | €25,000 | €25,000 | = | 0.0% |
| Cash at bank and in hand | 54/58 | €39,295 | €99,565 | +€60,270 | +153% |
| Deferred charges and accrued income | 490/1 | €578 | €14,532 | +€13,955 | +2,415% |
| Total equity and liabilities | 10/49 | €103,110 | €248,970 | +€145,860 | +141% |
| Equity | 10/15 | €91,008 | €187,054 | +€96,047 | +106% |
| Contributions | 10/11 | €3,000 | €3,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | €88,008 | €184,054 | +€96,047 | +109% |
| Amounts payable | 17/49 | €12,102 | €61,916 | +€49,814 | +412% |
| Amounts payable within one year | 42/48 | €12,102 | €61,916 | +€49,814 | +412% |
| Trade debts | 44 | €2,753 | €20,554 | +€17,802 | +647% |
| Suppliers | 440/4 | €2,753 | €20,554 | +€17,802 | +647% |
| Taxes, remuneration and social security | 45 | €9,349 | €41,361 | +€32,012 | +342% |
| Taxes | 450/3 | €4,549 | €36,561 | +€32,012 | +704% |
| Remuneration and social security | 454/9 | €4,800 | €4,800 | = | 0.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €5,817 | €4,638 | -€1,178 | -20.3% |
| Other operating charges | 640/8 | €381 | €1,244 | +€863 | +226% |
| Gross operating margin | 9900 | €4,798 | €131,109 | +€126,311 | +2,633% |
| Operating profit (loss) | 9901 | -€1,400 | €125,227 | +€126,627 | |
| Financial income | 75/76B | €3,919 | €4,010 | +€91 | +2.3% |
| Recurring financial income | 75 | €3,919 | €4,010 | +€91 | +2.3% |
| Financial charges | 65/66B | €1,944 | €1,506 | -€437 | -22.5% |
| Recurring financial charges | 65 | €1,944 | €1,506 | -€437 | -22.5% |
| Profit (loss) for the period before taxes | 9903 | €576 | €127,731 | +€127,155 | +22,093% |
| Income taxes | 67/77 | €1,576 | €31,684 | +€30,109 | +1,911% |
| Profit (loss) for the period | 9904 | -€1,000 | €96,047 | +€97,047 | |
| Profit (loss) for the period to be appropriated | 9905 | -€1,000 | €96,047 | +€97,047 |
Next steps
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 1 November 2026 via checked.be.