HRizon: 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.
HRizon
Largest movements
- Cash +€41,766
up €41,766 (+79.1%), from €52,802 to €94,568
mainly Net result for the year (+€21,883) and Receivables within one year (+€13,076)
- Receivables within one year -€13,076
no longer reported in 2025 (was €13,076)
of which Trade receivables: -€12,977
- Profit (loss) carried forward +€21,883
up €21,883 (+53.1%), from €41,220 to €63,103
- Tax, wage and social debts +€3,725
up €3,725 (+19.8%), from €18,779 to €22,504
- Other debts +€2,941
new in 2025: €2,941
- Gross operating margin -€23,886
down €23,886 (-46.0%), from €51,929 to €28,043
- Taxes -€4,686
down €4,686 (-43.9%), from €10,683 to €5,996
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 | €65,877 | €94,568 | +€28,691 | +43.6% |
| Current assets | 29/58 | €65,877 | €94,568 | +€28,691 | +43.6% |
| Amounts receivable within one year | 40/41 | €13,076 | - | -€13,076 | |
| Trade receivables | 40 | €12,977 | - | -€12,977 | |
| Other amounts receivable | 41 | €98 | - | -€98 | |
| Cash at bank and in hand | 54/58 | €52,802 | €94,568 | +€41,766 | +79.1% |
| Total equity and liabilities | 10/49 | €65,877 | €94,568 | +€28,691 | +43.6% |
| Equity | 10/15 | €46,220 | €68,103 | +€21,883 | +47.3% |
| Contributions | 10/11 | €5,000 | €5,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | €41,220 | €63,103 | +€21,883 | +53.1% |
| Amounts payable | 17/49 | €19,657 | €26,465 | +€6,808 | +34.6% |
| Amounts payable within one year | 42/48 | €19,657 | €26,465 | +€6,808 | +34.6% |
| Trade debts | 44 | €878 | €1,020 | +€142 | +16.1% |
| Suppliers | 440/4 | €878 | €1,020 | +€142 | +16.1% |
| Taxes, remuneration and social security | 45 | €18,779 | €22,504 | +€3,725 | +19.8% |
| Taxes | 450/3 | €18,779 | €22,504 | +€3,725 | +19.8% |
| Other amounts payable | 47/48 | - | €2,941 | +€2,941 | |
| Other operating charges | 640/8 | €6 | €126 | +€120 | +2142.9% |
| Gross operating margin | 9900 | €51,929 | €28,043 | -€23,886 | -46.0% |
| Operating profit (loss) | 9901 | €51,924 | €27,918 | -€24,006 | -46.2% |
| Financial income | 75/76B | €2 | €5 | +€3 | +127.0% |
| Recurring financial income | 75 | €2 | €5 | +€3 | +127.0% |
| Financial charges | 65/66B | €23 | €43 | +€21 | +92.5% |
| Recurring financial charges | 65 | €23 | €43 | +€21 | +92.5% |
| Profit (loss) for the period before taxes | 9903 | €51,903 | €27,879 | -€24,024 | -46.3% |
| Income taxes | 67/77 | €10,683 | €5,996 | -€4,686 | -43.9% |
| Profit (loss) for the period | 9904 | €41,220 | €21,883 | -€19,338 | -46.9% |
| Profit (loss) for the period to be appropriated | 9905 | €41,220 | €21,883 | -€19,338 | -46.9% |
Source: filed annual accounts (NBB), financial years ended 31 December 2024 and 31 December 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 12 October 2026 via checked.be.