HORIZON TRAINING & COACHING: what changed
HORIZON TRAINING & COACHING
Largest movements
- Tangible fixed assets -€11,279
down €11,279 (-41.7%), from €27,059 to €15,781
of which Leasing and similar rights: -€10,855
- Receivables after one year +€8,242
up €8,242 (+74.9%), from €11,000 to €19,242
- Cash -€6,687
down €6,687 (-12.8%), from €52,057 to €45,371
mainly Debts after one year (-€9,625) and Receivables after one year (-€8,242)
- Receivables within one year +€5,825
up €5,825 (+37.2%), from €15,672 to €21,497
of which Other amounts receivable: +€5,624
- Deferred charges and accrued income +€1,923
up €1,923 (+550%), from €350 to €2,272
- Debts after one year -€9,625
down €9,625 (-45.2%), from €21,290 to €11,665
- Profit (loss) carried forward +€3,153
up €3,153 (+30.0%), from -€10,522 to -€7,369
- Trade debts +€2,626
new in 2025: €2,626
- Tax, wage and social debts +€1,607
up €1,607 (+38.5%), from €4,171 to €5,778
- Gross operating margin +€13,930
up €13,930 (+502%), from €2,777 to €16,707
- Financial income +€344
up €344 (+313%), from €110 to €454
- Financial charges -€336
down €336 (-36.5%), from €921 to €584
- Taxes +€174
up €174 (+107%), from €163 to €337
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 | €106,138 | €104,162 | -€1,975 | -1.9% |
| Fixed assets | 21/28 | €27,059 | €15,781 | -€11,279 | -41.7% |
| Tangible fixed assets | 22/27 | €27,059 | €15,781 | -€11,279 | -41.7% |
| Furniture and vehicles | 24 | €860 | €436 | -€424 | -49.3% |
| Leasing and similar rights | 25 | €26,200 | €15,345 | -€10,855 | -41.4% |
| Current assets | 29/58 | €79,079 | €88,382 | +€9,303 | +11.8% |
| Amounts receivable after more than one year | 29 | €11,000 | €19,242 | +€8,242 | +74.9% |
| Other amounts receivable | 291 | €11,000 | €19,242 | +€8,242 | +74.9% |
| Amounts receivable within one year | 40/41 | €15,672 | €21,497 | +€5,825 | +37.2% |
| Trade receivables | 40 | €15,113 | €15,314 | +€201 | +1.3% |
| Other amounts receivable | 41 | €559 | €6,183 | +€5,624 | +1,006% |
| Cash at bank and in hand | 54/58 | €52,057 | €45,371 | -€6,687 | -12.8% |
| Deferred charges and accrued income | 490/1 | €350 | €2,272 | +€1,923 | +550% |
| Total equity and liabilities | 10/49 | €106,138 | €104,162 | -€1,975 | -1.9% |
| Equity | 10/15 | €70,738 | €73,891 | +€3,153 | +4.5% |
| Contributions | 10/11 | €12,400 | €12,400 | = | 0.0% |
| Reserves | 13 | €68,860 | €68,860 | = | 0.0% |
| Non-distributable reserves | 130/1 | €1,860 | €1,860 | = | 0.0% |
| Reserves not available under the articles | 1311 | €1,860 | €1,860 | = | 0.0% |
| Distributable reserves | 133 | €67,000 | €67,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€10,522 | -€7,369 | +€3,153 | +30.0% |
| Amounts payable | 17/49 | €35,400 | €30,272 | -€5,128 | -14.5% |
| Amounts payable after more than one year | 17 | €21,290 | €11,665 | -€9,625 | -45.2% |
| Financial debts | 170/4 | €21,290 | €11,665 | -€9,625 | -45.2% |
| Amounts payable within one year | 42/48 | €13,610 | €18,030 | +€4,420 | +32.5% |
| Current portion of amounts payable after more than one year | 42 | €9,439 | €9,625 | +€187 | +2.0% |
| Trade debts | 44 | - | €2,626 | +€2,626 | |
| Suppliers | 440/4 | - | €2,626 | +€2,626 | |
| Taxes, remuneration and social security | 45 | €4,171 | €5,778 | +€1,607 | +38.5% |
| Taxes | 450/3 | €4,171 | €5,778 | +€1,607 | +38.5% |
| Accrued charges and deferred income | 492/3 | €500 | €577 | +€77 | +15.4% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €11,267 | €11,279 | +€12 | +0.1% |
| Other operating charges | 640/8 | €1,457 | €1,422 | -€35 | -2.4% |
| Non-recurring operating charges | 66A | €290 | €387 | +€96 | +33.2% |
| Gross operating margin | 9900 | €2,777 | €16,707 | +€13,930 | +502% |
| Operating profit (loss) | 9901 | -€10,237 | €3,620 | +€13,857 | |
| Financial income | 75/76B | €110 | €454 | +€344 | +313% |
| Recurring financial income | 75 | €110 | €454 | +€344 | +313% |
| Financial charges | 65/66B | €921 | €584 | -€336 | -36.5% |
| Recurring financial charges | 65 | €921 | €584 | -€336 | -36.5% |
| Profit (loss) for the period before taxes | 9903 | -€11,048 | €3,490 | +€14,538 | |
| Income taxes | 67/77 | €163 | €337 | +€174 | +107% |
| Profit (loss) for the period | 9904 | -€11,211 | €3,153 | +€14,364 | |
| Profit (loss) for the period to be appropriated | 9905 | -€11,211 | €3,153 | +€14,364 |
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 7 November 2026 via checked.be.