Horizon Oasis: 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 Oasis
Largest movements
- Current investments +€111,727
up €111,727 (+33.8%), from €330,404 to €442,131
- Receivables within one year -€97,163
down €97,163 (-34.7%), from €279,849 to €182,686
of which Trade receivables: -€77,206
- Cash +€22,002
up €22,002 (+43.1%), from €50,995 to €72,997
mainly Receivables within one year (+€97,163) and Net result for the year (+€90,835)
- Profit (loss) carried forward +€90,835
up €90,835 (+19.3%), from €469,761 to €560,596
- Other debts +€60,983
new in 2025: €60,983
- Reserves -€60,000
down €60,000 (-90.9%), from €65,980 to €5,980
of which Distributable reserves: -€60,000
- Tax, wage and social debts -€35,990
down €35,990 (-36.9%), from €97,660 to €61,670
of which Taxes: -€35,633
- Debts after one year -€19,510
down €19,510 (-56.2%), from €34,742 to €15,232
- Staff costs +€22,185
up €22,185 (+28.4%), from €78,173 to €100,358
- Taxes -€9,703
down €9,703 (-20.7%), from €46,951 to €37,248
- Gross operating margin -€7,780
down €7,780 (-3.2%), from €242,271 to €234,491
- Financial income -€3,759
down €3,759 (-32.8%), from €11,443 to €7,684
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 | €754,702 | €789,311 | +€34,609 | +4.6% |
| Fixed assets | 21/28 | €93,454 | €91,497 | -€1,957 | -2.1% |
| Tangible fixed assets | 22/27 | €92,773 | €90,816 | -€1,957 | -2.1% |
| Land and buildings | 22 | €90,371 | €89,529 | -€842 | -0.9% |
| Plant, machinery and equipment | 23 | €2,165 | €1,287 | -€878 | -40.6% |
| Furniture and vehicles | 24 | €237 | - | -€237 | |
| Financial fixed assets | 28 | €681 | €681 | = | 0.0% |
| Current assets | 29/58 | €661,248 | €697,814 | +€36,566 | +5.5% |
| Amounts receivable within one year | 40/41 | €279,849 | €182,686 | -€97,163 | -34.7% |
| Trade receivables | 40 | €149,131 | €71,925 | -€77,206 | -51.8% |
| Other amounts receivable | 41 | €130,718 | €110,761 | -€19,957 | -15.3% |
| Current investments | 50/53 | €330,404 | €442,131 | +€111,727 | +33.8% |
| Cash at bank and in hand | 54/58 | €50,995 | €72,997 | +€22,002 | +43.1% |
| Total equity and liabilities | 10/49 | €754,702 | €789,311 | +€34,609 | +4.6% |
| Equity | 10/15 | €595,533 | €626,368 | +€30,835 | +5.2% |
| Contributions | 10/11 | €59,792 | €59,792 | = | 0.0% |
| Reserves | 13 | €65,980 | €5,980 | -€60,000 | -90.9% |
| Non-distributable reserves | 130/1 | €5,980 | €5,980 | = | 0.0% |
| Other | 1319 | €5,980 | €5,980 | = | 0.0% |
| Distributable reserves | 133 | €60,000 | - | -€60,000 | |
| Profit (loss) carried forward | 14 | €469,761 | €560,596 | +€90,835 | +19.3% |
| Amounts payable | 17/49 | €159,169 | €162,943 | +€3,774 | +2.4% |
| Amounts payable after more than one year | 17 | €34,742 | €15,232 | -€19,510 | -56.2% |
| Financial debts | 170/4 | €34,742 | €15,232 | -€19,510 | -56.2% |
| Amounts payable within one year | 42/48 | €124,427 | €147,711 | +€23,284 | +18.7% |
| Current portion of amounts payable after more than one year | 42 | €18,635 | €19,511 | +€876 | +4.7% |
| Trade debts | 44 | €8,132 | €5,547 | -€2,585 | -31.8% |
| Suppliers | 440/4 | €8,132 | €5,547 | -€2,585 | -31.8% |
| Taxes, remuneration and social security | 45 | €97,660 | €61,670 | -€35,990 | -36.9% |
| Taxes | 450/3 | €81,312 | €45,679 | -€35,633 | -43.8% |
| Remuneration and social security | 454/9 | €16,348 | €15,991 | -€357 | -2.2% |
| Other amounts payable | 47/48 | - | €60,983 | +€60,983 | |
| Remuneration, social security and pensions | 62 | €78,173 | €100,358 | +€22,185 | +28.4% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €8,155 | €7,875 | -€280 | -3.4% |
| Other operating charges | 640/8 | €3,141 | €2,774 | -€367 | -11.7% |
| Non-recurring operating charges | 66A | - | €45 | +€45 | |
| Gross operating margin | 9900 | €242,271 | €234,491 | -€7,780 | -3.2% |
| Operating profit (loss) | 9901 | €152,802 | €123,439 | -€29,363 | -19.2% |
| Financial income | 75/76B | €11,443 | €7,684 | -€3,759 | -32.8% |
| Recurring financial income | 75 | €11,443 | €7,684 | -€3,759 | -32.8% |
| Financial charges | 65/66B | €3,334 | €3,040 | -€294 | -8.8% |
| Recurring financial charges | 65 | €3,334 | €3,040 | -€294 | -8.8% |
| Profit (loss) for the period before taxes | 9903 | €160,911 | €128,083 | -€32,828 | -20.4% |
| Income taxes | 67/77 | €46,951 | €37,248 | -€9,703 | -20.7% |
| Profit (loss) for the period | 9904 | €113,960 | €90,835 | -€23,125 | -20.3% |
| Profit (loss) for the period to be appropriated | 9905 | €113,960 | €90,835 | -€23,125 | -20.3% |
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 24 October 2026 via checked.be.