Horizon Educatief: 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 Educatief
Largest movements
- Current assets -€11,956
down €11,956 (-11.1%), from €107,316 to €95,360
of which Cash: -€12,156
- Tangible fixed assets +€5,168
up €5,168 (+246%), from €2,101 to €7,269
- Debts -€15,108
down €15,108 (-24.9%), from €60,710 to €45,602
of which Debts within one year: -€18,738
- Equity +€7,211
up €7,211 (+15.6%), from €46,234 to €53,445
- Staff costs +€351,785
no longer reported in 2007 (was -€351,785)
- Gross operating margin +€298,142
new in 2007: €298,142
- Provisions -€22,000
no longer reported in 2007 (was €22,000)
- Depreciation +€21,703
up €21,703, from -€16,126 to €5,577
From the 2006 result to the 2007 result
The net result is not in both sets of accounts; without it the difference cannot be explained line by line.
Derived cash bridge
Cash or the result is not a separate line in both sets of accounts; the cash flow cannot be derived from them.
Every line side by side
| Line | Code | 2006 | 2007 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €111,544 | €104,047 | -€7,497 | -6.7% |
| Fixed assets | 21/28 | €4,228 | €8,687 | +€4,459 | +105% |
| Intangible fixed assets | 21 | €2,127 | €1,418 | -€709 | -33.3% |
| Tangible fixed assets | 22/27 | €2,101 | €7,269 | +€5,168 | +246% |
| Plant, machinery and equipment | 23 | €954 | - | -€954 | |
| Furniture and vehicles | 24 | €1,147 | - | -€1,147 | |
| Current assets | 29/58 | €107,316 | €95,360 | -€11,956 | -11.1% |
| Amounts receivable within one year | 40/41 | €63,852 | €57,115 | -€6,737 | -10.6% |
| Trade receivables | 40 | €27,448 | - | -€27,448 | |
| Other amounts receivable | 41 | €36,404 | - | -€36,404 | |
| Current investments | 50/53 | €22,957 | €35,145 | +€12,188 | +53.1% |
| Cash at bank and in hand | 54/58 | €14,279 | €2,123 | -€12,156 | -85.1% |
| Deferred charges and accrued income | 490/1 | €6,228 | - | -€6,228 | |
| Total equity and liabilities | 10/49 | €111,544 | €104,047 | -€7,497 | -6.7% |
| Equity | 10/15 | €46,234 | €53,445 | +€7,211 | +15.6% |
| Contributions | 10/11 | €47,071 | - | -€47,071 | |
| Capital | 10 | €47,071 | - | -€47,071 | |
| Issued capital | 100 | €47,071 | - | -€47,071 | |
| Provisions and deferred taxes | 16 | €4,600 | €5,000 | +€400 | +8.7% |
| Provisions for liabilities and charges | 160/5 | €4,600 | - | -€4,600 | |
| Amounts payable | 17/49 | €60,710 | €45,602 | -€15,108 | -24.9% |
| Amounts payable within one year | 42/48 | €60,563 | €41,825 | -€18,738 | -30.9% |
| Trade debts | 44 | €21,418 | €13,224 | -€8,194 | -38.3% |
| Suppliers | 440/4 | €21,418 | - | -€21,418 | |
| Taxes, remuneration and social security | 45 | €39,145 | - | -€39,145 | |
| Taxes | 450/3 | €3,442 | - | -€3,442 | |
| Remuneration and social security | 454/9 | €35,703 | - | -€35,703 | |
| Accrued charges and deferred income | 492/3 | €147 | - | -€147 | |
| Remuneration, social security and pensions | 62 | -€351,785 | - | +€351,785 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | -€16,126 | €5,577 | +€21,703 | |
| Provisions for liabilities and charges: additions (uses and reversals) | 635/8 | €22,000 | - | -€22,000 | |
| Other operating charges | 640/8 | -€16 | - | +€16 | |
| Gross operating margin | 9900 | - | €298,142 | +€298,142 | |
| Operating profit (loss) | 9901 | - | €13,913 | +€13,913 | |
| Recurring financial income | 75 | €7,391 | €324 | -€7,067 | -95.6% |
| Recurring financial charges | 65 | -€2,257 | €1,831 | +€4,088 | |
| Profit (loss) for the period before taxes | 9903 | - | €12,406 | +€12,406 | |
| Profit (loss) for the period | 9904 | - | €7,211 | +€7,211 |
Source: filed annual accounts (NBB), financial years ended 31 December 2006 and 31 December 2007. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 31 October 2026 via checked.be.