IT HORIZON: 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.
IT HORIZON
Largest movements
- Receivables within one year +€50,876
up €50,876 (+43.2%), from €117,688 to €168,563
of which Other amounts receivable: +€63,776
- Tangible fixed assets +€9,678
up €9,678 (+3.5%), from €277,875 to €287,553
of which Plant, machinery and equipment: +€15,381
- Profit (loss) carried forward +€99,294
new in 2025: €99,294
- Other debts -€25,000
no longer reported in 2025 (was €25,000)
- Debts after one year -€8,787
down €8,787 (-5.2%), from €168,436 to €159,650
- Tax, wage and social debts -€7,357
down €7,357 (-18.0%), from €40,912 to €33,555
- Taxes -€8,314
down €8,314 (-20.7%), from €40,132 to €31,819
- Gross operating margin -€7,671
down €7,671 (-5.0%), from €154,005 to €146,334
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.
Derived cash bridge
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 | €562,455 | €620,826 | +€58,371 | +10.4% |
| Fixed assets | 21/28 | €277,930 | €287,608 | +€9,678 | +3.5% |
| Tangible fixed assets | 22/27 | €277,875 | €287,553 | +€9,678 | +3.5% |
| Land and buildings | 22 | €259,350 | €250,800 | -€8,550 | -3.3% |
| Plant, machinery and equipment | 23 | €18,525 | €33,906 | +€15,381 | +83.0% |
| Furniture and vehicles | 24 | - | €2,846 | +€2,846 | |
| Financial fixed assets | 28 | €55 | €55 | = | 0.0% |
| Current assets | 29/58 | €284,525 | €333,218 | +€48,694 | +17.1% |
| Amounts receivable within one year | 40/41 | €117,688 | €168,563 | +€50,876 | +43.2% |
| Trade receivables | 40 | €49,200 | €36,300 | -€12,900 | -26.2% |
| Other amounts receivable | 41 | €68,488 | €132,263 | +€63,776 | +93.1% |
| Cash at bank and in hand | 54/58 | €166,314 | €164,655 | -€1,659 | -1.0% |
| Deferred charges and accrued income | 490/1 | €523 | - | -€523 | |
| Total equity and liabilities | 10/49 | €562,455 | €620,826 | +€58,371 | +10.4% |
| Equity | 10/15 | €319,465 | €418,759 | +€99,294 | +31.1% |
| Contributions | 10/11 | €3,000 | €3,000 | = | 0.0% |
| Reserves | 13 | €316,465 | €316,465 | = | 0.0% |
| Tax-exempt reserves | 132 | €316,465 | €316,465 | = | 0.0% |
| Profit (loss) carried forward | 14 | - | €99,294 | +€99,294 | |
| Amounts payable | 17/49 | €242,990 | €202,067 | -€40,923 | -16.8% |
| Amounts payable after more than one year | 17 | €168,436 | €159,650 | -€8,787 | -5.2% |
| Financial debts | 170/4 | €168,436 | €159,650 | -€8,787 | -5.2% |
| Amounts payable within one year | 42/48 | €74,553 | €42,417 | -€32,136 | -43.1% |
| Current portion of amounts payable after more than one year | 42 | €8,641 | €8,787 | +€146 | +1.7% |
| Trade debts | 44 | - | €75 | +€75 | |
| Suppliers | 440/4 | - | €75 | +€75 | |
| Taxes, remuneration and social security | 45 | €40,912 | €33,555 | -€7,357 | -18.0% |
| Taxes | 450/3 | €40,912 | €33,555 | -€7,357 | -18.0% |
| Other amounts payable | 47/48 | €25,000 | - | -€25,000 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €9,025 | €10,450 | +€1,425 | +15.8% |
| Other operating charges | 640/8 | €1,451 | €1,510 | +€59 | +4.0% |
| Gross operating margin | 9900 | €154,005 | €146,334 | -€7,671 | -5.0% |
| Operating profit (loss) | 9901 | €143,529 | €134,374 | -€9,155 | -6.4% |
| Financial charges | 65/66B | €3,338 | €3,261 | -€77 | -2.3% |
| Recurring financial charges | 65 | €3,338 | €3,261 | -€77 | -2.3% |
| Profit (loss) for the period before taxes | 9903 | €140,192 | €131,113 | -€9,078 | -6.5% |
| Income taxes | 67/77 | €40,132 | €31,819 | -€8,314 | -20.7% |
| Profit (loss) for the period | 9904 | €100,059 | €99,294 | -€765 | -0.8% |
| Transfer to tax-exempt reserves | 689 | €100,059 | - | -€100,059 | |
| Profit (loss) for the period to be appropriated | 9905 | - | €99,294 | +€99,294 |
Source: filed annual accounts (NBB), financial years ended 31 March 2024 and 31 March 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 19 October 2026 via checked.be.