Horlogeriemuseum: what changed
What changed
Horlogeriemuseum
NACE 91.210, Libraries, archives, museums and other cultural activities
filed annual accounts (NBB)
Net result for the year
-€16,059
2024 · -€40,680+€24,622
Equity
€597,270
2024 · €613,329-€16,059
Cash
€14,653
2024 · €12,371+€2,282
Balance sheet total
€973,181
2024 · €996,654-€23,473
Largest movements
Assets
- Tangible fixed assets -€22,876
down €22,876 (-2.3%), from €980,447 to €957,572
of which Land and buildings: -€22,449
Equity and liabilities
No liability line moved by more than 1% of the balance sheet total.
Income statement
- Gross operating margin +€21,287
up €21,287, from -€13,420 to €7,866
- Other operating charges -€700
down €700 (-21.5%), from €3,256 to €2,557
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.
Result 2024
-€40,680
Gross operating margin
+€21,287
Depreciation
-€110
Other operating charges
+€700
Other operating items
+€2,745
Result 2025
-€16,059
raises the resultlowers the resultnot broken down further in the accounts
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.
From operations
+€2,282
Investment
€0
Financing
€0
Cash 2024
€12,371
From operations (derived)
+€2,282
Net result for the year
-€16,059
Depreciation
+€22,876
Receivables within one year
+€1,275
Deferred charges and accrued income
+€1,604
Provisions
-€1,552
Trade debts
-€186
Other debts
-€5,676
Cash 2025
€14,653
brings cash intakes cash out
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €996,654 | €973,181 | -€23,473 | -2.4% |
| Fixed assets | 21/28 | €980,447 | €957,572 | -€22,876 | -2.3% |
| Tangible fixed assets | 22/27 | €980,447 | €957,572 | -€22,876 | -2.3% |
| Land and buildings | 22 | €877,272 | €854,823 | -€22,449 | -2.6% |
| Plant, machinery and equipment | 23 | €101,360 | €101,360 | = | 0.0% |
| Furniture and vehicles | 24 | €1,815 | €1,389 | -€426 | -23.5% |
| Current assets | 29/58 | €16,207 | €15,610 | -€597 | -3.7% |
| Amounts receivable within one year | 40/41 | €1,275 | - | -€1,275 | |
| Trade receivables | 40 | €1,275 | - | -€1,275 | |
| Cash at bank and in hand | 54/58 | €12,371 | €14,653 | +€2,282 | +18.4% |
| Deferred charges and accrued income | 490/1 | €2,561 | €956 | -€1,604 | -62.6% |
| Total equity and liabilities | 10/49 | €996,654 | €973,181 | -€23,473 | -2.4% |
| Equity | 10/15 | €613,329 | €597,270 | -€16,059 | -2.6% |
| Contributions | 10/11 | €500,000 | €500,000 | = | 0.0% |
| Reserves | 13 | €266,603 | €258,212 | -€8,391 | -3.1% |
| Tax-exempt reserves | 132 | €266,603 | €258,212 | -€8,391 | -3.1% |
| Profit (loss) carried forward | 14 | -€153,274 | -€160,942 | -€7,668 | -5.0% |
| Provisions and deferred taxes | 16 | €49,321 | €47,768 | -€1,552 | -3.1% |
| Deferred taxes | 168 | €49,321 | €47,768 | -€1,552 | -3.1% |
| Amounts payable | 17/49 | €334,004 | €328,142 | -€5,862 | -1.8% |
| Amounts payable within one year | 42/48 | €332,054 | €326,192 | -€5,862 | -1.8% |
| Trade debts | 44 | €186 | - | -€186 | |
| Suppliers | 440/4 | €186 | - | -€186 | |
| Other amounts payable | 47/48 | €331,868 | €326,192 | -€5,676 | -1.7% |
| Accrued charges and deferred income | 492/3 | €1,950 | €1,950 | = | 0.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €22,766 | €22,876 | +€110 | +0.5% |
| Other operating charges | 640/8 | €3,256 | €2,557 | -€700 | -21.5% |
| Non-recurring operating charges | 66A | €2,745 | - | -€2,745 | |
| Gross operating margin | 9900 | -€13,420 | €7,866 | +€21,287 | |
| Operating profit (loss) | 9901 | -€42,188 | -€17,566 | +€24,622 | +58.4% |
| Financial charges | 65/66B | €45 | €45 | = | 0.0% |
| Recurring financial charges | 65 | €45 | €45 | = | 0.0% |
| Profit (loss) for the period before taxes | 9903 | -€42,233 | -€17,611 | +€24,622 | +58.3% |
| Transfer from deferred taxes | 780 | €1,552 | €1,552 | = | 0.0% |
| Profit (loss) for the period | 9904 | -€40,680 | -€16,059 | +€24,622 | +60.5% |
| Transfer from tax-exempt reserves | 789 | €8,391 | €8,391 | -€0 | 0.0% |
| Profit (loss) for the period to be appropriated | 9905 | -€32,289 | -€7,668 | +€24,622 | +76.3% |
Next steps
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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 3 November 2026 via checked.be.