Horizons.bio: 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.
Horizons.bio
Largest movements
- Receivables within one year -€17,878
down €17,878 (-74.0%), from €24,158 to €6,280
of which Trade receivables: -€18,508
- Cash -€5,164
down €5,164 (-19.6%), from €26,309 to €21,146
mainly Net result for the year (-€19,115) and Investment in fixed assets (net) (-€7,709)
- Tangible fixed assets -€1,877
down €1,877 (-6.7%), from €27,922 to €26,045
of which Furniture and vehicles: -€7,162
- Profit (loss) carried forward -€19,115
down €19,115 (-33.3%), from €57,319 to €38,204
- Debts after one year -€5,348
no longer reported in 2025 (was €5,348)
- Trade debts +€3,618
up €3,618 (+237%), from €1,528 to €5,146
- Tax, wage and social debts -€2,394
down €2,394 (-88.7%), from €2,698 to €304
- Other operating charges +€10,546
up €10,546 (+1,395%), from €756 to €11,302
- Gross operating margin -€8,600
down €8,600 (-80.5%), from €10,682 to €2,082
- Taxes -€1,118
down €1,118 (-78.7%), from €1,422 to €304
- Depreciation -€853
down €853 (-8.7%), from €9,749 to €8,896
- Financial charges -€379
down €379 (-35.3%), from €1,075 to €696
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 | €78,389 | €54,161 | -€24,228 | -30.9% |
| Fixed assets | 21/28 | €27,922 | €26,735 | -€1,187 | -4.3% |
| Tangible fixed assets | 22/27 | €27,922 | €26,045 | -€1,877 | -6.7% |
| Furniture and vehicles | 24 | €27,445 | €20,283 | -€7,162 | -26.1% |
| Other tangible fixed assets | 26 | €477 | €5,762 | +€5,285 | +1,107% |
| Financial fixed assets | 28 | - | €690 | +€690 | |
| Current assets | 29/58 | €50,467 | €27,426 | -€23,041 | -45.7% |
| Amounts receivable within one year | 40/41 | €24,158 | €6,280 | -€17,878 | -74.0% |
| Trade receivables | 40 | €20,580 | €2,072 | -€18,508 | -89.9% |
| Other amounts receivable | 41 | €3,578 | €4,209 | +€631 | +17.6% |
| Cash at bank and in hand | 54/58 | €26,309 | €21,146 | -€5,164 | -19.6% |
| Total equity and liabilities | 10/49 | €78,389 | €54,161 | -€24,228 | -30.9% |
| Equity | 10/15 | €62,319 | €43,204 | -€19,115 | -30.7% |
| Contributions | 10/11 | €5,000 | €5,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | €57,319 | €38,204 | -€19,115 | -33.3% |
| Amounts payable | 17/49 | €16,070 | €10,957 | -€5,113 | -31.8% |
| Amounts payable after more than one year | 17 | €5,348 | - | -€5,348 | |
| Financial debts | 170/4 | €5,348 | - | -€5,348 | |
| Amounts payable within one year | 42/48 | €10,722 | €10,957 | +€235 | +2.2% |
| Current portion of amounts payable after more than one year | 42 | €6,057 | €5,348 | -€709 | -11.7% |
| Trade debts | 44 | €1,528 | €5,146 | +€3,618 | +237% |
| Suppliers | 440/4 | €1,528 | €5,146 | +€3,618 | +237% |
| Taxes, remuneration and social security | 45 | €2,698 | €304 | -€2,394 | -88.7% |
| Taxes | 450/3 | €2,698 | €304 | -€2,394 | -88.7% |
| Other amounts payable | 47/48 | €439 | €160 | -€280 | -63.6% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €9,749 | €8,896 | -€853 | -8.7% |
| Other operating charges | 640/8 | €756 | €11,302 | +€10,546 | +1,395% |
| Gross operating margin | 9900 | €10,682 | €2,082 | -€8,600 | -80.5% |
| Operating profit (loss) | 9901 | €177 | -€18,116 | -€18,293 | |
| Financial income | 75/76B | - | €0 | +€0 | |
| Recurring financial income | 75 | - | €0 | +€0 | |
| Financial charges | 65/66B | €1,075 | €696 | -€379 | -35.3% |
| Recurring financial charges | 65 | €1,075 | €696 | -€379 | -35.3% |
| Profit (loss) for the period before taxes | 9903 | -€898 | -€18,812 | -€17,914 | -1,995% |
| Income taxes | 67/77 | €1,422 | €304 | -€1,118 | -78.7% |
| Profit (loss) for the period | 9904 | -€2,320 | -€19,115 | -€16,795 | -724% |
| Profit (loss) for the period to be appropriated | 9905 | -€2,320 | -€19,115 | -€16,795 | -724% |
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 23 October 2026 via checked.be.