HORN EXPRESS: 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.
HORN EXPRESS
Largest movements
- Receivables within one year +€10,536
up €10,536 (+32.4%), from €32,547 to €43,083
of which Other amounts receivable: +€13,459
- Tangible fixed assets -€2,954
down €2,954 (-100%), from €2,954 to €0
- Profit (loss) carried forward +€11,819
up €11,819, from -€10,053 to €1,767
- Other debts -€3,248
no longer reported in 2024 (was €3,248)
- Trade debts -€1,246
down €1,246 (-25.2%), from €4,942 to €3,695
- Turnover -€25,127
down €25,127 (-30.6%), from €82,060 to €56,934
- Purchases and services -€15,119
down €15,119 (-26.2%), from €57,611 to €42,492
- Gross operating margin -€10,008
down €10,008 (-40.9%), from €24,449 to €14,441
- Depreciation -€1,947
down €1,947 (-39.7%), from €4,901 to €2,954
- Financial income +€844
new in 2024: €844
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.
Derived cash bridge
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 | €35,549 | €43,154 | +€7,605 | +21.4% |
| Fixed assets | 21/28 | €2,954 | €0 | -€2,954 | -100% |
| Tangible fixed assets | 22/27 | €2,954 | €0 | -€2,954 | -100% |
| Furniture and vehicles | 24 | €2,954 | €0 | -€2,954 | -100% |
| Current assets | 29/58 | €32,595 | €43,154 | +€10,559 | +32.4% |
| Amounts receivable within one year | 40/41 | €32,547 | €43,083 | +€10,536 | +32.4% |
| Trade receivables | 40 | €2,923 | - | -€2,923 | |
| Other amounts receivable | 41 | €29,624 | €43,083 | +€13,459 | +45.4% |
| Cash at bank and in hand | 54/58 | €48 | €71 | +€22 | +46.6% |
| Total equity and liabilities | 10/49 | €35,549 | €43,154 | +€7,605 | +21.4% |
| Equity | 10/15 | €24,447 | €36,267 | +€11,819 | +48.3% |
| Contributions | 10/11 | €34,500 | €34,500 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€10,053 | €1,767 | +€11,819 | |
| Amounts payable | 17/49 | €11,102 | €6,887 | -€4,215 | -38.0% |
| Amounts payable within one year | 42/48 | €11,102 | €6,887 | -€4,215 | -38.0% |
| Trade debts | 44 | €4,942 | €3,695 | -€1,246 | -25.2% |
| Suppliers | 440/4 | €4,942 | €3,695 | -€1,246 | -25.2% |
| Taxes, remuneration and social security | 45 | €2,912 | €3,192 | +€280 | +9.6% |
| Taxes | 450/3 | €2,912 | €3,192 | +€280 | +9.6% |
| Other amounts payable | 47/48 | €3,248 | - | -€3,248 | |
| Turnover | 70 | €82,060 | €56,934 | -€25,127 | -30.6% |
| Goods, raw materials, services and sundry goods | 60/61 | €57,611 | €42,492 | -€15,119 | -26.2% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €4,901 | €2,954 | -€1,947 | -39.7% |
| Other operating charges | 640/8 | €257 | €351 | +€94 | +36.6% |
| Gross operating margin | 9900 | €24,449 | €14,441 | -€10,008 | -40.9% |
| Operating profit (loss) | 9901 | €19,291 | €11,136 | -€8,155 | -42.3% |
| Financial income | 75/76B | - | €844 | +€844 | |
| Recurring financial income | 75 | - | €844 | +€844 | |
| Financial charges | 65/66B | €170 | €161 | -€9 | -5.2% |
| Recurring financial charges | 65 | €170 | €161 | -€9 | -5.2% |
| Profit (loss) for the period before taxes | 9903 | €19,121 | €11,819 | -€7,302 | -38.2% |
| Profit (loss) for the period | 9904 | €19,121 | €11,819 | -€7,302 | -38.2% |
| Profit (loss) for the period to be appropriated | 9905 | €19,121 | €11,819 | -€7,302 | -38.2% |
Source: filed annual accounts (NBB), financial years ended 31 December 2023 and 31 December 2024. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 16 October 2026 via checked.be.