HORTULANUS: 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.
HORTULANUS
Largest movements
- Receivables within one year +€43,376
up €43,376 (+3211.0%), from €1,351 to €44,727
of which Trade receivables: +€44,727
- Cash +€6,472
up €6,472 (+9887.1%), from €65 to €6,538
mainly Net result for the year (+€46,344) and Tax, wage and social debts (+€14,853)
- Tangible fixed assets +€2,356
up €2,356 (+1514.8%), from €156 to €2,512
of which Plant, machinery and equipment: +€2,356
- Profit (loss) carried forward +€46,344
up €46,344 (+49.1%), from -€94,346 to -€48,003
- Other debts -€17,629
down €17,629 (-35.6%), from €49,483 to €31,854
- Tax, wage and social debts +€14,853
up €14,853 (+186.8%), from €7,950 to €22,803
- Trade debts +€8,636
up €8,636 (+262.9%), from €3,285 to €11,921
- Gross operating margin +€40,604
up €40,604 (+164.8%), from €24,640 to €65,244
- Taxes +€9,592
up €9,592 (+120.5%), from €7,961 to €17,554
- Other operating charges -€1,118
down €1,118 (-89.9%), from €1,244 to €126
From the 2024 result to the 2025 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 2024 and 2025 balance sheets and the 2025 result: not a filed cash-flow statement. It shows where the money came from and went.
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €1,572 | €53,776 | +€52,204 | +3321.2% |
| Fixed assets | 21/28 | €156 | €2,512 | +€2,356 | +1514.8% |
| Tangible fixed assets | 22/27 | €156 | €2,512 | +€2,356 | +1514.8% |
| Plant, machinery and equipment | 23 | €156 | €2,512 | +€2,356 | +1514.8% |
| Furniture and vehicles | 24 | €0 | - | = | |
| Current assets | 29/58 | €1,416 | €51,264 | +€49,848 | +3519.6% |
| Amounts receivable within one year | 40/41 | €1,351 | €44,727 | +€43,376 | +3211.0% |
| Trade receivables | 40 | €0 | €44,727 | +€44,727 | |
| Other amounts receivable | 41 | €1,351 | €0 | -€1,351 | -100.0% |
| Cash at bank and in hand | 54/58 | €65 | €6,538 | +€6,472 | +9887.1% |
| Total equity and liabilities | 10/49 | €1,572 | €53,776 | +€52,204 | +3321.2% |
| Equity | 10/15 | -€59,147 | -€12,803 | +€46,344 | +78.4% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €16,600 | €16,600 | = | 0.0% |
| Non-distributable reserves | 130/1 | €0 | - | = | |
| Reserves not available under the articles | 1311 | €0 | - | = | |
| Distributable reserves | 133 | €16,600 | €16,600 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€94,346 | -€48,003 | +€46,344 | +49.1% |
| Amounts payable | 17/49 | €60,719 | €66,579 | +€5,860 | +9.7% |
| Amounts payable within one year | 42/48 | €60,719 | €66,579 | +€5,860 | +9.7% |
| Trade debts | 44 | €3,285 | €11,921 | +€8,636 | +262.9% |
| Suppliers | 440/4 | €3,285 | €11,921 | +€8,636 | +262.9% |
| Taxes, remuneration and social security | 45 | €7,950 | €22,803 | +€14,853 | +186.8% |
| Taxes | 450/3 | €7,950 | €22,803 | +€14,853 | +186.8% |
| Other amounts payable | 47/48 | €49,483 | €31,854 | -€17,629 | -35.6% |
| Remuneration, social security and pensions | 62 | €384 | €753 | +€368 | +95.8% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €90 | €416 | +€326 | +363.6% |
| Other operating charges | 640/8 | €1,244 | €126 | -€1,118 | -89.9% |
| Non-recurring operating charges | 66A | €196 | €0 | -€196 | -100.0% |
| Gross operating margin | 9900 | €24,640 | €65,244 | +€40,604 | +164.8% |
| Operating profit (loss) | 9901 | €22,726 | €63,950 | +€41,224 | +181.4% |
| Financial income | 75/76B | €7 | €11 | +€4 | +57.7% |
| Recurring financial income | 75 | €7 | €11 | +€4 | +57.7% |
| Financial charges | 65/66B | €31 | €63 | +€33 | +105.7% |
| Recurring financial charges | 65 | €31 | €63 | +€33 | +105.7% |
| Profit (loss) for the period before taxes | 9903 | €22,701 | €63,897 | +€41,196 | +181.5% |
| Income taxes | 67/77 | €7,961 | €17,554 | +€9,592 | +120.5% |
| Profit (loss) for the period | 9904 | €14,740 | €46,344 | +€31,603 | +214.4% |
| Profit (loss) for the period to be appropriated | 9905 | €14,740 | €46,344 | +€31,603 | +214.4% |
Source: filed annual accounts (NBB), fiscal years ended 30 June 2024 and 30 June 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 8 October 2026 via checked.be.