L'HORIZON MULTI-SERVICES: 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.
L'HORIZON MULTI-SERVICES
Largest movements
- Cash +€20,721
up €20,721 (+84.2%), from €24,599 to €45,320
mainly Net result for the year (+€11,493) and Receivables within one year (+€8,949)
- Receivables within one year -€8,949
down €8,949 (-19.1%), from €46,932 to €37,984
of which Trade receivables: -€15,428
- Tangible fixed assets +€2,656
up €2,656 (+28.5%), from €9,331 to €11,988
of which Plant, machinery and equipment: +€2,208
- Reserves +€11,493
up €11,493 (+49.6%), from €23,177 to €34,670
of which Distributable reserves: +€11,493
- Tax, wage and social debts +€3,435
up €3,435 (+109%), from €3,146 to €6,581
of which Taxes: +€5,568
- Trade debts +€3,320
up €3,320 (+7.9%), from €41,803 to €45,123
- Other debts -€2,676
down €2,676 (-74.2%), from €3,607 to €930
- Debts after one year -€2,143
down €2,143 (-46.5%), from €4,610 to €2,467
- Staff costs -€13,107
down €13,107 (-91.4%), from €14,336 to €1,229
- Gross operating margin +€12,944
up €12,944 (+90.8%), from €14,258 to €27,203
- Taxes +€5,735
new in 2024: €5,735
- Other operating charges +€2,939
up €2,939 (+336%), from €874 to €3,813
- Depreciation +€1,666
up €1,666 (+69.7%), from €2,390 to €4,056
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.
Derived cash bridge
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 | €84,564 | €98,114 | +€13,550 | +16.0% |
| Fixed assets | 21/28 | €10,162 | €12,819 | +€2,656 | +26.1% |
| Tangible fixed assets | 22/27 | €9,331 | €11,988 | +€2,656 | +28.5% |
| Plant, machinery and equipment | 23 | - | €2,208 | +€2,208 | |
| Furniture and vehicles | 24 | €9,331 | €9,779 | +€448 | +4.8% |
| Financial fixed assets | 28 | €831 | €831 | = | 0.0% |
| Current assets | 29/58 | €74,402 | €85,295 | +€10,893 | +14.6% |
| Amounts receivable within one year | 40/41 | €46,932 | €37,984 | -€8,949 | -19.1% |
| Trade receivables | 40 | €43,071 | €27,643 | -€15,428 | -35.8% |
| Other amounts receivable | 41 | €3,861 | €10,340 | +€6,479 | +168% |
| Cash at bank and in hand | 54/58 | €24,599 | €45,320 | +€20,721 | +84.2% |
| Deferred charges and accrued income | 490/1 | €2,870 | €1,992 | -€879 | -30.6% |
| Total equity and liabilities | 10/49 | €84,564 | €98,114 | +€13,550 | +16.0% |
| Equity | 10/15 | €29,377 | €40,870 | +€11,493 | +39.1% |
| Contributions | 10/11 | €6,200 | €6,200 | = | 0.0% |
| Reserves | 13 | €23,177 | €34,670 | +€11,493 | +49.6% |
| Non-distributable reserves | 130/1 | €1,860 | €1,860 | = | 0.0% |
| Reserves not available under the articles | 1311 | €1,860 | €1,860 | = | 0.0% |
| Distributable reserves | 133 | €21,317 | €32,810 | +€11,493 | +53.9% |
| Amounts payable | 17/49 | €55,187 | €57,243 | +€2,056 | +3.7% |
| Amounts payable after more than one year | 17 | €4,610 | €2,467 | -€2,143 | -46.5% |
| Financial debts | 170/4 | €4,610 | €2,467 | -€2,143 | -46.5% |
| Amounts payable within one year | 42/48 | €50,578 | €54,777 | +€4,199 | +8.3% |
| Current portion of amounts payable after more than one year | 42 | €2,022 | €2,143 | +€121 | +6.0% |
| Trade debts | 44 | €41,803 | €45,123 | +€3,320 | +7.9% |
| Suppliers | 440/4 | €41,803 | €45,123 | +€3,320 | +7.9% |
| Taxes, remuneration and social security | 45 | €3,146 | €6,581 | +€3,435 | +109% |
| Taxes | 450/3 | - | €5,568 | +€5,568 | |
| Remuneration and social security | 454/9 | €3,146 | €1,012 | -€2,133 | -67.8% |
| Other amounts payable | 47/48 | €3,607 | €930 | -€2,676 | -74.2% |
| Non-recurring operating income | 76A | €9,884 | - | -€9,884 | |
| Remuneration, social security and pensions | 62 | €14,336 | €1,229 | -€13,107 | -91.4% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €2,390 | €4,056 | +€1,666 | +69.7% |
| Other operating charges | 640/8 | €874 | €3,813 | +€2,939 | +336% |
| Gross operating margin | 9900 | €14,258 | €27,203 | +€12,944 | +90.8% |
| Operating profit (loss) | 9901 | -€3,342 | €18,104 | +€21,446 | |
| Financial income | 75/76B | €31 | €117 | +€87 | +284% |
| Recurring financial income | 75 | €31 | €117 | +€87 | +284% |
| Financial charges | 65/66B | €762 | €993 | +€231 | +30.3% |
| Recurring financial charges | 65 | €762 | €993 | +€231 | +30.3% |
| Profit (loss) for the period before taxes | 9903 | -€4,074 | €17,228 | +€21,302 | |
| Income taxes | 67/77 | - | €5,735 | +€5,735 | |
| Profit (loss) for the period | 9904 | -€4,074 | €11,493 | +€15,567 | |
| Profit (loss) for the period to be appropriated | 9905 | -€4,074 | €11,493 | +€15,567 |
Source: filed annual accounts (NBB), financial years ended 31 December 2023 and 31 December 2024. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 22 October 2026 via checked.be.