HORIZON COLORÉ: 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.
HORIZON COLORÉ
Largest movements
- Receivables within one year -€4,505
down €4,505 (-96.3%), from €4,677 to €172
of which Trade receivables: -€4,674
- Tangible fixed assets +€1,724
up €1,724 (+24.9%), from €6,935 to €8,658
of which Furniture and vehicles: +€2,270
- Cash +€801
up €801 (+3.9%), from €20,444 to €21,245
mainly Receivables within one year (+€4,505) and Depreciation (+€3,552)
- Other debts -€2,517
down €2,517 (-86.4%), from €2,912 to €396
- Reserves +€1,699
up €1,699 (+10.8%), from €15,680 to €17,378
- Trade debts -€1,359
down €1,359 (-60.2%), from €2,257 to €898
- Gross operating margin -€18,610
down €18,610 (-66.7%), from €27,889 to €9,279
- Taxes -€5,062
down €5,062 (-73.4%), from €6,896 to €1,834
- Depreciation +€1,057
up €1,057 (+42.4%), from €2,495 to €3,552
- Other operating charges -€403
down €403 (-46.1%), from €873 to €470
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 | €32,056 | €30,075 | -€1,980 | -6.2% |
| Fixed assets | 21/28 | €6,935 | €8,658 | +€1,724 | +24.9% |
| Tangible fixed assets | 22/27 | €6,935 | €8,658 | +€1,724 | +24.9% |
| Plant, machinery and equipment | 23 | €5,592 | €5,046 | -€546 | -9.8% |
| Furniture and vehicles | 24 | €1,343 | €3,612 | +€2,270 | +169% |
| Current assets | 29/58 | €25,121 | €21,417 | -€3,704 | -14.7% |
| Amounts receivable within one year | 40/41 | €4,677 | €172 | -€4,505 | -96.3% |
| Trade receivables | 40 | €4,674 | - | -€4,674 | |
| Other amounts receivable | 41 | €4 | €172 | +€168 | +4,784% |
| Cash at bank and in hand | 54/58 | €20,444 | €21,245 | +€801 | +3.9% |
| Total equity and liabilities | 10/49 | €32,056 | €30,075 | -€1,980 | -6.2% |
| Equity | 10/15 | €20,680 | €22,378 | +€1,699 | +8.2% |
| Contributions | 10/11 | €5,000 | €5,000 | = | 0.0% |
| Reserves | 13 | €15,680 | €17,378 | +€1,699 | +10.8% |
| Distributable reserves | 133 | €15,680 | €17,378 | +€1,699 | +10.8% |
| Amounts payable | 17/49 | €11,376 | €7,697 | -€3,679 | -32.3% |
| Amounts payable within one year | 42/48 | €11,376 | €7,697 | -€3,679 | -32.3% |
| Trade debts | 44 | €2,257 | €898 | -€1,359 | -60.2% |
| Suppliers | 440/4 | €2,257 | €898 | -€1,359 | -60.2% |
| Taxes, remuneration and social security | 45 | €6,206 | €6,403 | +€197 | +3.2% |
| Taxes | 450/3 | €6,206 | €6,403 | +€197 | +3.2% |
| Other amounts payable | 47/48 | €2,912 | €396 | -€2,517 | -86.4% |
| Remuneration, social security and pensions | 62 | €1,760 | €1,520 | -€240 | -13.6% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €2,495 | €3,552 | +€1,057 | +42.4% |
| Other operating charges | 640/8 | €873 | €470 | -€403 | -46.1% |
| Gross operating margin | 9900 | €27,889 | €9,279 | -€18,610 | -66.7% |
| Operating profit (loss) | 9901 | €22,761 | €3,737 | -€19,024 | -83.6% |
| Financial income | 75/76B | €0 | €34 | +€34 | +167,900% |
| Recurring financial income | 75 | €0 | €34 | +€34 | +167,900% |
| Financial charges | 65/66B | €186 | €238 | +€52 | +27.9% |
| Recurring financial charges | 65 | €186 | €238 | +€52 | +27.9% |
| Profit (loss) for the period before taxes | 9903 | €22,575 | €3,533 | -€19,043 | -84.4% |
| Income taxes | 67/77 | €6,896 | €1,834 | -€5,062 | -73.4% |
| Profit (loss) for the period | 9904 | €15,680 | €1,699 | -€13,981 | -89.2% |
| Profit (loss) for the period to be appropriated | 9905 | €15,680 | €1,699 | -€13,981 | -89.2% |
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 20 October 2026 via checked.be.