HORUS SENSES: what changed
HORUS SENSES
Largest movements
- Deferred charges and accrued income +€12,068
up €12,068 (+5,466%), from €221 to €12,289
- Cash +€11,186
up €11,186 (+29.2%), from €38,332 to €49,518
mainly Other debts (+€62,151) and Net result for the year (+€26,087)
- Receivables within one year -€1,726
down €1,726 (-96.4%), from €1,790 to €64
of which Trade receivables: -€1,790
- Other debts +€62,151
up €62,151 (+1,959%), from €3,173 to €65,324
- Reserves -€38,140
down €38,140 (-100%), from €38,140 to €0
- Tax, wage and social debts -€1,447
down €1,447 (-100%), from €1,447 to €0
- Gross operating margin -€10,764
down €10,764 (-23.1%), from €46,692 to €35,928
- Taxes -€2,065
down €2,065 (-21.9%), from €9,447 to €7,382
- Other operating charges -€1,218
down €1,218 (-62.1%), from €1,962 to €744
- Depreciation +€1,185
up €1,185 (+222%), from €534 to €1,719
Change in the result, 2025 to 2026
For each income-statement line you see the change as its effect on the result. Higher costs lower the result, higher income raises it.
Derived cash bridge
The bridge is derived from the 2025 and 2026 balance sheets and the 2026 result. There is no filed cash-flow statement. You see where the money came from and where it went.
Every line side by side
| Line | Code | 2025 | 2026 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €47,159 | €69,072 | +€21,914 | +46.5% |
| Fixed assets | 21/28 | €6,816 | €7,201 | +€385 | +5.7% |
| Tangible fixed assets | 22/27 | €6,816 | €7,201 | +€385 | +5.7% |
| Land and buildings | 22 | - | €2,042 | +€2,042 | |
| Plant, machinery and equipment | 23 | €1,294 | €827 | -€467 | -36.1% |
| Furniture and vehicles | 24 | €5,523 | €4,333 | -€1,190 | -21.5% |
| Current assets | 29/58 | €40,342 | €61,871 | +€21,528 | +53.4% |
| Amounts receivable within one year | 40/41 | €1,790 | €64 | -€1,726 | -96.4% |
| Trade receivables | 40 | €1,790 | €0 | -€1,790 | -100% |
| Other amounts receivable | 41 | - | €64 | +€64 | |
| Cash at bank and in hand | 54/58 | €38,332 | €49,518 | +€11,186 | +29.2% |
| Deferred charges and accrued income | 490/1 | €221 | €12,289 | +€12,068 | +5,466% |
| Total equity and liabilities | 10/49 | €47,159 | €69,072 | +€21,914 | +46.5% |
| Equity | 10/15 | €40,640 | €2,500 | -€38,140 | -93.8% |
| Contributions | 10/11 | €2,500 | €2,500 | = | 0.0% |
| Reserves | 13 | €38,140 | €0 | -€38,140 | -100% |
| Distributable reserves | 133 | €38,140 | €0 | -€38,140 | -100% |
| Profit (loss) carried forward | 14 | - | €0 | = | |
| Amounts payable | 17/49 | €6,518 | €66,572 | +€60,054 | +921% |
| Amounts payable within one year | 42/48 | €6,518 | €66,572 | +€60,054 | +921% |
| Trade debts | 44 | €1,898 | €1,248 | -€650 | -34.3% |
| Suppliers | 440/4 | €1,898 | €1,248 | -€650 | -34.3% |
| Taxes, remuneration and social security | 45 | €1,447 | €0 | -€1,447 | -100% |
| Taxes | 450/3 | €1,447 | €0 | -€1,447 | -100% |
| Other amounts payable | 47/48 | €3,173 | €65,324 | +€62,151 | +1,959% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €534 | €1,719 | +€1,185 | +222% |
| Other operating charges | 640/8 | €1,962 | €744 | -€1,218 | -62.1% |
| Gross operating margin | 9900 | €46,692 | €35,928 | -€10,764 | -23.1% |
| Operating profit (loss) | 9901 | €44,196 | €33,465 | -€10,730 | -24.3% |
| Financial income | 75/76B | €53 | €155 | +€102 | +192% |
| Recurring financial income | 75 | €53 | €155 | +€102 | +192% |
| Financial charges | 65/66B | €143 | €150 | +€8 | +5.3% |
| Recurring financial charges | 65 | €143 | €150 | +€8 | +5.3% |
| Profit (loss) for the period before taxes | 9903 | €44,106 | €33,470 | -€10,636 | -24.1% |
| Income taxes | 67/77 | €9,447 | €7,382 | -€2,065 | -21.9% |
| Profit (loss) for the period | 9904 | €34,659 | €26,087 | -€8,571 | -24.7% |
| Profit (loss) for the period to be appropriated | 9905 | €34,659 | €26,087 | -€8,571 | -24.7% |
Next steps
Calculation and sources
Source: filed annual accounts (NBB), financial years ended 31 March 2025 and 31 March 2026. Green is a favourable move for that line, red an unfavourable one. Prepared on 7 November 2026 via checked.be.