HORLIMMO: what changed
Two fiscal 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.
HORLIMMO
Largest movements
- Tangible fixed assets -€259,313
down €259,313 (-3.9%), from €6.7m to €6.4m
of which Land and buildings: -€250,734
- Financial fixed assets +€167,639
up €167,639 (+13.5%), from €1.2m to €1.4m
- Cash -€148,509
down €148,509 (-87.5%), from €169,814 to €21,305
mainly Debts after one year (-€421,685) and Investment in fixed assets (net) (-€167,600)
- Debts after one year -€421,685
down €421,685 (-8.2%), from €5.1m to €4.7m
- Profit (loss) carried forward +€113,140
up €113,140 (+124.8%), from €90,679 to €203,819
- Financial charges +€81,755
up €81,755 (+52.2%), from €156,754 to €238,509
- Taxes +€42,546
up €42,546 (+17365.8%), from €245 to €42,791
- Gross operating margin +€19,345
up €19,345 (+3.0%), from €650,069 to €669,414
From the 2023 result to the 2024 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.
Cash bridge derived
Derived from the 2023 and 2024 balance sheets and the 2024 result: not a filed cash-flow statement. It shows where the money came from and went.
Every line side by side
| Line | Code | 2023 | 2024 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €8,117,989 | €7,860,349 | -€257,640 | -3.2% |
| Fixed assets | 21/28 | €7,930,718 | €7,839,044 | -€91,674 | -1.2% |
| Tangible fixed assets | 22/27 | €6,691,250 | €6,431,937 | -€259,313 | -3.9% |
| Land and buildings | 22 | €6,651,803 | €6,401,069 | -€250,734 | -3.8% |
| Plant, machinery and equipment | 23 | €35,388 | €30,093 | -€5,295 | -15.0% |
| Furniture and vehicles | 24 | €4,059 | €775 | -€3,284 | -80.9% |
| Financial fixed assets | 28 | €1,239,468 | €1,407,107 | +€167,639 | +13.5% |
| Current assets | 29/58 | €187,271 | €21,305 | -€165,966 | -88.6% |
| Amounts receivable within one year | 40/41 | €17,457 | €0 | -€17,457 | -100.0% |
| Other amounts receivable | 41 | €17,457 | €0 | -€17,457 | -100.0% |
| Cash at bank and in hand | 54/58 | €169,814 | €21,305 | -€148,509 | -87.5% |
| Total equity and liabilities | 10/49 | €8,117,989 | €7,860,349 | -€257,640 | -3.2% |
| Equity | 10/15 | €2,531,435 | €2,644,575 | +€113,140 | +4.5% |
| Contributions | 10/11 | €347,051 | €347,051 | -€0 | 0.0% |
| Reserves | 13 | €2,093,705 | €2,093,705 | +€0 | 0.0% |
| Non-distributable reserves | 130/1 | €34,705 | €34,705 | +€0 | 0.0% |
| Reserves not available under the articles | 1311 | €34,705 | €34,705 | +€0 | 0.0% |
| Distributable reserves | 133 | €2,059,000 | €2,059,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | €90,679 | €203,819 | +€113,140 | +124.8% |
| Amounts payable | 17/49 | €5,586,554 | €5,215,774 | -€370,780 | -6.6% |
| Amounts payable after more than one year | 17 | €5,144,177 | €4,722,493 | -€421,685 | -8.2% |
| Financial debts | 170/4 | €5,144,177 | €4,722,493 | -€421,685 | -8.2% |
| Amounts payable within one year | 42/48 | €442,377 | €493,281 | +€50,904 | +11.5% |
| Current portion of amounts payable after more than one year | 42 | €414,582 | €421,685 | +€7,103 | +1.7% |
| Trade debts | 44 | €27,489 | €27,612 | +€123 | +0.4% |
| Suppliers | 440/4 | €27,489 | €27,612 | +€123 | +0.4% |
| Taxes, remuneration and social security | 45 | €306 | €43,097 | +€42,791 | +13984.1% |
| Taxes | 450/3 | €306 | €43,097 | +€42,791 | +13984.1% |
| Other amounts payable | 47/48 | - | €887 | +€887 | |
| Non-recurring operating income | 76A | - | €2,420 | +€2,420 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €259,664 | €259,274 | -€390 | -0.2% |
| Other operating charges | 640/8 | €17,089 | €16,546 | -€543 | -3.2% |
| Gross operating margin | 9900 | €650,069 | €669,414 | +€19,345 | +3.0% |
| Operating profit (loss) | 9901 | €373,316 | €393,595 | +€20,279 | +5.4% |
| Financial income | 75/76B | €24 | €845 | +€821 | +3422.0% |
| Recurring financial income | 75 | €24 | €845 | +€821 | +3422.0% |
| Financial charges | 65/66B | €156,754 | €238,509 | +€81,755 | +52.2% |
| Recurring financial charges | 65 | €156,754 | €238,509 | +€81,755 | +52.2% |
| Profit (loss) for the period before taxes | 9903 | €216,586 | €155,931 | -€60,655 | -28.0% |
| Income taxes | 67/77 | €245 | €42,791 | +€42,546 | +17365.8% |
| Profit (loss) for the period | 9904 | €216,341 | €113,140 | -€103,201 | -47.7% |
| Profit (loss) for the period to be appropriated | 9905 | €216,341 | €113,140 | -€103,201 | -47.7% |
Source: filed annual accounts (NBB), fiscal years ended 31 December 2023 and 31 December 2024. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 29 September 2026 via checked.be.