HOROCOM: 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.
HOROCOM
Largest movements
- Cash +€42,887
up €42,887 (+997.6%), from €4,299 to €47,186
mainly Net result for the year (+€41,129) and Contributions, distributions and other (+€29,441)
- Receivables within one year +€21,235
up €21,235 (+3.5%), from €599,290 to €620,524
of which Trade receivables: +€18,649
- Profit (loss) carried forward +€41,129
up €41,129 (+10.4%), from -€395,127 to -€353,998
- Revaluation surpluses +€29,441
up €29,441 (+67.5%), from €43,630 to €73,071
- Other debts -€21,300
down €21,300 (-8.8%), from €243,202 to €221,902
- Financial charges -€12,868
down €12,868 (-79.7%), from €16,137 to €3,268
- Gross operating margin -€2,668
down €2,668 (-6.5%), from €41,116 to €38,448
- Taxes +€1,656
up €1,656, from -€1,112 to €544
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 | €1,460,104 | €1,513,781 | +€53,677 | +3.7% |
| Fixed assets | 21/28 | €595,745 | €595,505 | -€240 | 0.0% |
| Intangible fixed assets | 21 | €240 | - | -€240 | |
| Financial fixed assets | 28 | €595,505 | €595,505 | = | 0.0% |
| Current assets | 29/58 | €864,358 | €918,276 | +€53,917 | +6.2% |
| Stocks and contracts in progress | 3 | €10,000 | €10,000 | = | 0.0% |
| Stocks | 30/36 | €10,000 | €10,000 | = | 0.0% |
| Amounts receivable within one year | 40/41 | €599,290 | €620,524 | +€21,235 | +3.5% |
| Trade receivables | 40 | €451,913 | €470,563 | +€18,649 | +4.1% |
| Other amounts receivable | 41 | €147,376 | €149,962 | +€2,585 | +1.8% |
| Current investments | 50/53 | €250,770 | €240,565 | -€10,205 | -4.1% |
| Cash at bank and in hand | 54/58 | €4,299 | €47,186 | +€42,887 | +997.6% |
| Total equity and liabilities | 10/49 | €1,460,104 | €1,513,781 | +€53,677 | +3.7% |
| Equity | 10/15 | €1,109,500 | €1,180,069 | +€70,569 | +6.4% |
| Contributions | 10/11 | €1,422,325 | €1,422,325 | = | 0.0% |
| Revaluation surpluses | 12 | €43,630 | €73,071 | +€29,441 | +67.5% |
| Reserves | 13 | €38,671 | €38,671 | = | 0.0% |
| Non-distributable reserves | 130/1 | €38,671 | €38,671 | = | 0.0% |
| Reserves not available under the articles | 1311 | €38,671 | €38,671 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€395,127 | -€353,998 | +€41,129 | +10.4% |
| Amounts payable | 17/49 | €350,604 | €333,712 | -€16,892 | -4.8% |
| Amounts payable within one year | 42/48 | €350,604 | €332,744 | -€17,860 | -5.1% |
| Trade debts | 44 | €107,402 | €110,487 | +€3,084 | +2.9% |
| Suppliers | 440/4 | €107,402 | €110,487 | +€3,084 | +2.9% |
| Taxes, remuneration and social security | 45 | - | €356 | +€356 | |
| Taxes | 450/3 | - | €356 | +€356 | |
| Other amounts payable | 47/48 | €243,202 | €221,902 | -€21,300 | -8.8% |
| Accrued charges and deferred income | 492/3 | - | €968 | +€968 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €240 | €240 | = | 0.0% |
| Other operating charges | 640/8 | €1,308 | €968 | -€340 | -26.0% |
| Gross operating margin | 9900 | €41,116 | €38,448 | -€2,668 | -6.5% |
| Operating profit (loss) | 9901 | €39,568 | €37,240 | -€2,328 | -5.9% |
| Financial income | 75/76B | €7,938 | €7,701 | -€237 | -3.0% |
| Recurring financial income | 75 | €7,938 | €7,701 | -€237 | -3.0% |
| Financial charges | 65/66B | €16,137 | €3,268 | -€12,868 | -79.7% |
| Recurring financial charges | 65 | €16,137 | €3,268 | -€12,868 | -79.7% |
| Profit (loss) for the period before taxes | 9903 | €31,370 | €41,673 | +€10,303 | +32.8% |
| Income taxes | 67/77 | -€1,112 | €544 | +€1,656 | |
| Profit (loss) for the period | 9904 | €32,482 | €41,129 | +€8,647 | +26.6% |
| Profit (loss) for the period to be appropriated | 9905 | €32,482 | €41,129 | +€8,647 | +26.6% |
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 11 October 2026 via checked.be.