HOROMECA: 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.
HOROMECA
Largest movements
- Receivables within one year +€14,951
up €14,951 (+39.3%), from €38,039 to €52,990
of which Other amounts receivable: +€8,688
- Tangible fixed assets -€11,142
down €11,142 (-28.9%), from €38,581 to €27,438
- Cash +€1,221
up €1,221 (+4.7%), from €25,905 to €27,125
mainly Trade debts (+€12,971) and Net result for the year (+€11,699)
- Trade debts +€12,971
up €12,971 (+55.6%), from €23,342 to €36,313
- Profit (loss) carried forward +€11,699
up €11,699 (+38.6%), from -€30,343 to -€18,644
- Debts after one year -€11,538
down €11,538 (-74.9%), from €15,395 to €3,857
- Tax, wage and social debts -€7,549
down €7,549 (-70.2%), from €10,757 to €3,208
of which Taxes: -€5,752
- Current portion of long-term debt -€1,371
down €1,371 (-10.6%), from €12,909 to €11,538
- Gross operating margin +€36,069
up €36,069 (+365.7%), from €9,864 to €45,933
- Staff costs -€2,078
down €2,078 (-9.2%), from €22,616 to €20,538
- Other operating charges +€2,028
up €2,028 (+349.9%), from €580 to €2,607
- Provisions +€1,600
no longer reported in 2024 (was -€1,600)
- Financial income +€1,291
up €1,291 (+2868.1%), from €45 to €1,336
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 | €110,271 | €115,657 | +€5,386 | +4.9% |
| Fixed assets | 21/28 | €38,581 | €27,438 | -€11,142 | -28.9% |
| Tangible fixed assets | 22/27 | €38,581 | €27,438 | -€11,142 | -28.9% |
| Furniture and vehicles | 24 | €38,581 | €27,438 | -€11,142 | -28.9% |
| Current assets | 29/58 | €71,691 | €88,219 | +€16,528 | +23.1% |
| Stocks and contracts in progress | 3 | €2,944 | €3,268 | +€324 | +11.0% |
| Stocks | 30/36 | €2,944 | €3,268 | +€324 | +11.0% |
| Amounts receivable within one year | 40/41 | €38,039 | €52,990 | +€14,951 | +39.3% |
| Trade receivables | 40 | €38,039 | €44,302 | +€6,263 | +16.5% |
| Other amounts receivable | 41 | - | €8,688 | +€8,688 | |
| Cash at bank and in hand | 54/58 | €25,905 | €27,125 | +€1,221 | +4.7% |
| Deferred charges and accrued income | 490/1 | €4,803 | €4,836 | +€33 | +0.7% |
| Total equity and liabilities | 10/49 | €110,271 | €115,657 | +€5,386 | +4.9% |
| Equity | 10/15 | €108 | €11,807 | +€11,699 | +10801.3% |
| Contributions | 10/11 | €18,592 | €18,592 | = | 0.0% |
| Reserves | 13 | €11,859 | €11,859 | = | 0.0% |
| Non-distributable reserves | 130/1 | €1,859 | €1,859 | = | 0.0% |
| Reserves not available under the articles | 1311 | €1,859 | €1,859 | = | 0.0% |
| Distributable reserves | 133 | €10,000 | €10,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€30,343 | -€18,644 | +€11,699 | +38.6% |
| Provisions and deferred taxes | 16 | €4,299 | €4,299 | = | 0.0% |
| Provisions for liabilities and charges | 160/5 | €4,299 | €4,299 | = | 0.0% |
| Environmental obligations | 163 | - | €4,299 | +€4,299 | |
| Other liabilities and charges | 164/5 | €4,299 | - | -€4,299 | |
| Amounts payable | 17/49 | €105,864 | €99,551 | -€6,313 | -6.0% |
| Amounts payable after more than one year | 17 | €15,395 | €3,857 | -€11,538 | -74.9% |
| Financial debts | 170/4 | €15,395 | €3,857 | -€11,538 | -74.9% |
| Amounts payable within one year | 42/48 | €90,469 | €95,694 | +€5,224 | +5.8% |
| Current portion of amounts payable after more than one year | 42 | €12,909 | €11,538 | -€1,371 | -10.6% |
| Financial debts | 43 | - | €900 | +€900 | |
| Credit institutions | 430/8 | - | €900 | +€900 | |
| Trade debts | 44 | €23,342 | €36,313 | +€12,971 | +55.6% |
| Suppliers | 440/4 | €23,342 | €36,313 | +€12,971 | +55.6% |
| Taxes, remuneration and social security | 45 | €10,757 | €3,208 | -€7,549 | -70.2% |
| Taxes | 450/3 | €6,580 | €828 | -€5,752 | -87.4% |
| Remuneration and social security | 454/9 | €4,177 | €2,380 | -€1,797 | -43.0% |
| Other amounts payable | 47/48 | €43,461 | €43,734 | +€274 | +0.6% |
| Remuneration, social security and pensions | 62 | €22,616 | €20,538 | -€2,078 | -9.2% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €11,192 | €11,142 | -€49 | -0.4% |
| Provisions for liabilities and charges: additions (uses and reversals) | 635/8 | -€1,600 | - | +€1,600 | |
| Other operating charges | 640/8 | €580 | €2,607 | +€2,028 | +349.9% |
| Non-recurring operating charges | 66A | €0 | - | = | |
| Gross operating margin | 9900 | €9,864 | €45,933 | +€36,069 | +365.7% |
| Operating profit (loss) | 9901 | -€22,923 | €11,646 | +€34,569 | |
| Financial income | 75/76B | €45 | €1,336 | +€1,291 | +2868.1% |
| Recurring financial income | 75 | €45 | €1,336 | +€1,291 | +2868.1% |
| Financial charges | 65/66B | €1,478 | €1,110 | -€368 | -24.9% |
| Recurring financial charges | 65 | €1,478 | €1,110 | -€368 | -24.9% |
| Profit (loss) for the period before taxes | 9903 | -€24,356 | €11,871 | +€36,227 | |
| Income taxes | 67/77 | €179 | €172 | -€6 | -3.4% |
| Profit (loss) for the period | 9904 | -€24,535 | €11,699 | +€36,233 | |
| Profit (loss) for the period to be appropriated | 9905 | -€24,535 | €11,699 | +€36,233 |
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 4 October 2026 via checked.be.