HORIZONT VZW: 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.
HORIZONT VZW
Largest movements
- Cash -€152,961
down €152,961 (-35.0%), from €437,515 to €284,554
mainly Accrued charges and deferred income (-€75,571) and Net result for the year (-€65,976)
- Receivables within one year -€25,270
down €25,270 (-12.0%), from €210,160 to €184,890
of which Trade receivables: -€33,793
- Accrued charges and deferred income -€75,571
down €75,571 (-49.8%), from €151,807 to €76,236
- Profit (loss) carried forward -€65,976
down €65,976 (-40.7%), from €161,965 to €95,989
- Debts within one year -€37,070
down €37,070 (-22.9%), from €162,083 to €125,013
of which Tax, wage and social debts: -€48,172
- Gross operating margin -€76,771
down €76,771 (-12.7%), from €606,648 to €529,877
- Turnover +€74,745
up €74,745 (+25.2%), from €297,159 to €371,904
- Purchases and services +€70,559
up €70,559 (+13.2%), from €535,686 to €606,245
- Staff costs -€33,340
down €33,340 (-5.5%), from €604,000 to €570,660
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 | €766,430 | €587,813 | -€178,617 | -23.3% |
| Fixed assets | 21/28 | €6,894 | €6,894 | = | 0.0% |
| Tangible fixed assets | 22/27 | €6,894 | €6,894 | = | 0.0% |
| Plant, machinery and equipment | 23 | €6,894 | €6,894 | = | 0.0% |
| Current assets | 29/58 | €759,536 | €580,919 | -€178,617 | -23.5% |
| Amounts receivable within one year | 40/41 | €210,160 | €184,890 | -€25,270 | -12.0% |
| Trade receivables | 40 | €177,872 | €144,079 | -€33,793 | -19.0% |
| Other amounts receivable | 41 | €32,288 | €40,811 | +€8,523 | +26.4% |
| Cash at bank and in hand | 54/58 | €437,515 | €284,554 | -€152,961 | -35.0% |
| Deferred charges and accrued income | 490/1 | €111,861 | €111,475 | -€386 | -0.3% |
| Total equity and liabilities | 10/49 | €766,430 | €587,813 | -€178,617 | -23.3% |
| Equity | 10/15 | €452,540 | €386,564 | -€65,976 | -14.6% |
| Contributions | 10/11 | €39,363 | €39,363 | = | 0.0% |
| Capital | 10 | €39,363 | €39,363 | = | 0.0% |
| Reserves | 13 | €251,212 | €251,212 | = | 0.0% |
| Profit (loss) carried forward | 14 | €161,965 | €95,989 | -€65,976 | -40.7% |
| Amounts payable | 17/49 | €313,890 | €201,249 | -€112,641 | -35.9% |
| Amounts payable within one year | 42/48 | €162,083 | €125,013 | -€37,070 | -22.9% |
| Trade debts | 44 | €83,479 | €116,281 | +€32,802 | +39.3% |
| Suppliers | 440/4 | €83,479 | €116,281 | +€32,802 | +39.3% |
| Taxes, remuneration and social security | 45 | €48,914 | €742 | -€48,172 | -98.5% |
| Taxes | 450/3 | €691 | €742 | +€51 | +7.4% |
| Remuneration and social security | 454/9 | €48,223 | - | -€48,223 | |
| Accrued charges and deferred income | 492/3 | €151,807 | €76,236 | -€75,571 | -49.8% |
| Turnover | 70 | €297,159 | €371,904 | +€74,745 | +25.2% |
| Membership fees, donations, legacies and grants | 73 | €837,094 | €762,846 | -€74,248 | -8.9% |
| Non-recurring operating income | 76A | €8,081 | €1,372 | -€6,709 | -83.0% |
| Goods, raw materials, services and sundry goods | 60/61 | €535,686 | €606,245 | +€70,559 | +13.2% |
| Remuneration, social security and pensions | 62 | €604,000 | €570,660 | -€33,340 | -5.5% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €579 | - | -€579 | |
| Other operating charges | 640/8 | €139 | - | -€139 | |
| Non-recurring operating charges | 66A | €45,106 | €23,547 | -€21,559 | -47.8% |
| Gross operating margin | 9900 | €606,648 | €529,877 | -€76,771 | -12.7% |
| Operating profit (loss) | 9901 | -€43,176 | -€64,330 | -€21,154 | -49.0% |
| Financial income | 75/76B | €7 | - | -€7 | |
| Recurring financial income | 75 | €7 | - | -€7 | |
| Financial charges | 65/66B | €961 | €1,646 | +€685 | +71.3% |
| Recurring financial charges | 65 | €961 | €1,646 | +€685 | +71.3% |
| Profit (loss) for the period before taxes | 9903 | -€44,130 | -€65,976 | -€21,846 | -49.5% |
| Profit (loss) for the period | 9904 | -€44,130 | -€65,976 | -€21,846 | -49.5% |
| Profit (loss) for the period to be appropriated | 9905 | -€44,130 | -€65,976 | -€21,846 | -49.5% |
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.