HORTIMA: 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.
HORTIMA
Largest movements
- Tangible fixed assets -€4,114
down €4,114 (-10.9%), from €37,749 to €33,635
- Receivables within one year -€1,585
down €1,585 (-39.8%), from €3,987 to €2,402
of which Trade receivables: -€2,362
- Debts after one year -€18,060
down €18,060 (-3.1%), from €583,669 to €565,609
of which Other amounts payable: -€18,060
- Profit (loss) carried forward +€12,350
up €12,350 (+2.2%), from -€571,866 to -€559,516
- Tax, wage and social debts -€612
down €612 (-100.0%), from €612 to €0
- Trade debts +€533
up €533, from €0 to €533
- Gross operating margin -€33,124
down €33,124 (-65.9%), from €50,265 to €17,141
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 | €43,402 | €37,613 | -€5,789 | -13.3% |
| Fixed assets | 21/28 | €38,206 | €34,092 | -€4,114 | -10.8% |
| Tangible fixed assets | 22/27 | €37,749 | €33,635 | -€4,114 | -10.9% |
| Land and buildings | 22 | €27,508 | €25,949 | -€1,559 | -5.7% |
| Plant, machinery and equipment | 23 | €3,187 | €1,238 | -€1,949 | -61.2% |
| Furniture and vehicles | 24 | €7,054 | €6,448 | -€606 | -8.6% |
| Financial fixed assets | 28 | €457 | €457 | = | 0.0% |
| Current assets | 29/58 | €5,196 | €3,521 | -€1,675 | -32.2% |
| Amounts receivable within one year | 40/41 | €3,987 | €2,402 | -€1,585 | -39.8% |
| Trade receivables | 40 | €3,987 | €1,625 | -€2,362 | -59.2% |
| Other amounts receivable | 41 | - | €777 | +€777 | |
| Cash at bank and in hand | 54/58 | €1,209 | €1,119 | -€90 | -7.4% |
| Total equity and liabilities | 10/49 | €43,402 | €37,613 | -€5,789 | -13.3% |
| Equity | 10/15 | -€540,879 | -€528,529 | +€12,350 | +2.3% |
| Contributions | 10/11 | €30,987 | €30,987 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€571,866 | -€559,516 | +€12,350 | +2.2% |
| Amounts payable | 17/49 | €584,281 | €566,142 | -€18,139 | -3.1% |
| Amounts payable after more than one year | 17 | €583,669 | €565,609 | -€18,060 | -3.1% |
| Financial debts | 170/4 | - | €0 | = | |
| Other amounts payable | 178/9 | €583,669 | €565,609 | -€18,060 | -3.1% |
| Amounts payable within one year | 42/48 | €612 | €533 | -€79 | -12.9% |
| Trade debts | 44 | €0 | €533 | +€533 | |
| Suppliers | 440/4 | €0 | €533 | +€533 | |
| Taxes, remuneration and social security | 45 | €612 | €0 | -€612 | -100.0% |
| Taxes | 450/3 | €612 | €0 | -€612 | -100.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €4,114 | €4,114 | = | 0.0% |
| Other operating charges | 640/8 | €606 | €623 | +€17 | +2.8% |
| Gross operating margin | 9900 | €50,265 | €17,141 | -€33,124 | -65.9% |
| Operating profit (loss) | 9901 | €45,545 | €12,404 | -€33,141 | -72.8% |
| Financial charges | 65/66B | €47 | €54 | +€7 | +14.9% |
| Recurring financial charges | 65 | €47 | €54 | +€7 | +14.9% |
| Profit (loss) for the period before taxes | 9903 | €45,498 | €12,350 | -€33,148 | -72.9% |
| Profit (loss) for the period | 9904 | €45,498 | €12,350 | -€33,148 | -72.9% |
| Profit (loss) for the period to be appropriated | 9905 | €45,498 | €12,350 | -€33,148 | -72.9% |
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.