Lost 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.
Lost Horizon
Largest movements
No asset line moved by more than 1% of the balance sheet total.
- Other debts -€59,556
down €59,556 (-61.5%), from €96,836 to €37,280
- Reserves +€18,000
up €18,000 (+17.8%), from €101,360 to €119,360
of which Distributable reserves: +€18,000
- Debts after one year +€15,599
up €15,599 (+3.2%), from €483,522 to €499,121
- Tax, wage and social debts +€11,071
up €11,071 (+36.8%), from €30,070 to €41,141
of which Taxes: +€8,969
- Current portion of long-term debt +€8,983
up €8,983 (+26.0%), from €34,484 to €43,467
- Gross operating margin -€8,147
down €8,147 (-10.5%), from €77,336 to €69,189
- Taxes -€1,781
down €1,781 (-11.1%), from €15,984 to €14,203
- Other operating charges -€1,077
down €1,077 (-25.9%), from €4,164 to €3,087
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 | €761,577 | €753,560 | -€8,018 | -1.1% |
| Fixed assets | 21/28 | €740,648 | €736,233 | -€4,415 | -0.6% |
| Tangible fixed assets | 22/27 | €740,648 | €736,233 | -€4,415 | -0.6% |
| Land and buildings | 22 | €725,971 | €730,261 | +€4,290 | +0.6% |
| Plant, machinery and equipment | 23 | €2,533 | €1,612 | -€921 | -36.4% |
| Furniture and vehicles | 24 | €12,143 | €4,360 | -€7,784 | -64.1% |
| Current assets | 29/58 | €20,929 | €17,327 | -€3,603 | -17.2% |
| Amounts receivable within one year | 40/41 | €16,335 | €16,335 | = | 0.0% |
| Trade receivables | 40 | €16,335 | €16,335 | = | 0.0% |
| Cash at bank and in hand | 54/58 | €68 | €0 | -€68 | -100% |
| Deferred charges and accrued income | 490/1 | €4,526 | €992 | -€3,535 | -78.1% |
| Total equity and liabilities | 10/49 | €761,577 | €753,560 | -€8,018 | -1.1% |
| Equity | 10/15 | €108,515 | €126,607 | +€18,092 | +16.7% |
| Contributions | 10/11 | €6,200 | €6,200 | = | 0.0% |
| Reserves | 13 | €101,360 | €119,360 | +€18,000 | +17.8% |
| Non-distributable reserves | 130/1 | €0 | - | = | |
| Reserves not available under the articles | 1311 | €0 | - | = | |
| Distributable reserves | 133 | €101,360 | €119,360 | +€18,000 | +17.8% |
| Profit (loss) carried forward | 14 | €955 | €1,047 | +€92 | +9.6% |
| Amounts payable | 17/49 | €653,063 | €626,953 | -€26,109 | -4.0% |
| Amounts payable after more than one year | 17 | €483,522 | €499,121 | +€15,599 | +3.2% |
| Financial debts | 170/4 | €483,522 | €499,121 | +€15,599 | +3.2% |
| Amounts payable within one year | 42/48 | €169,541 | €127,026 | -€42,515 | -25.1% |
| Current portion of amounts payable after more than one year | 42 | €34,484 | €43,467 | +€8,983 | +26.0% |
| Financial debts | 43 | - | €703 | +€703 | |
| Credit institutions | 430/8 | - | €703 | +€703 | |
| Trade debts | 44 | €8,151 | €4,435 | -€3,716 | -45.6% |
| Suppliers | 440/4 | €8,151 | €4,435 | -€3,716 | -45.6% |
| Taxes, remuneration and social security | 45 | €30,070 | €41,141 | +€11,071 | +36.8% |
| Taxes | 450/3 | €30,070 | €39,038 | +€8,969 | +29.8% |
| Remuneration and social security | 454/9 | - | €2,103 | +€2,103 | |
| Other amounts payable | 47/48 | €96,836 | €37,280 | -€59,556 | -61.5% |
| Accrued charges and deferred income | 492/3 | - | €806 | +€806 | |
| Non-recurring operating income | 76A | €0 | - | = | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €24,185 | €24,610 | +€425 | +1.8% |
| Other operating charges | 640/8 | €4,164 | €3,087 | -€1,077 | -25.9% |
| Non-recurring operating charges | 66A | - | €10 | +€10 | |
| Gross operating margin | 9900 | €77,336 | €69,189 | -€8,147 | -10.5% |
| Operating profit (loss) | 9901 | €48,986 | €41,482 | -€7,505 | -15.3% |
| Financial income | 75/76B | €326 | €251 | -€75 | -23.0% |
| Recurring financial income | 75 | €326 | €251 | -€75 | -23.0% |
| Financial charges | 65/66B | €8,790 | €9,438 | +€648 | +7.4% |
| Recurring financial charges | 65 | €8,790 | €9,438 | +€648 | +7.4% |
| Profit (loss) for the period before taxes | 9903 | €40,522 | €32,294 | -€8,227 | -20.3% |
| Income taxes | 67/77 | €15,984 | €14,203 | -€1,781 | -11.1% |
| Profit (loss) for the period | 9904 | €24,538 | €18,092 | -€6,446 | -26.3% |
| Profit (loss) for the period to be appropriated | 9905 | €24,538 | €18,092 | -€6,446 | -26.3% |
Source: filed annual accounts (NBB), financial years ended 30 June 2024 and 30 June 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 15 October 2026 via checked.be.