NEW HORIZON TELECOM: what changed
NEW HORIZON TELECOM
Largest movements
- Tangible fixed assets +€16,257
up €16,257 (+927%), from €1,754 to €18,011
- Receivables after one year -€6,124
down €6,124 (-62.6%), from €9,782 to €3,658
- Receivables within one year -€5,283
down €5,283 (-18.5%), from €28,510 to €23,227
of which Trade receivables: -€6,923
- Cash -€3,694
down €3,694 (-4.2%), from €88,560 to €84,866
mainly Investment in fixed assets (net) (-€17,813) and Contributions, distributions and other (-€14,119)
- Reserves +€2,803
up €2,803 (+2.9%), from €96,513 to €99,316
- Tax, wage and social debts -€2,033
down €2,033 (-43.5%), from €4,673 to €2,640
of which Taxes: -€4,673
- Gross operating margin -€5,954
down €5,954 (-18.9%), from €31,542 to €25,588
- Taxes -€1,832
down €1,832 (-20.8%), from €8,794 to €6,962
- Depreciation +€1,096
up €1,096 (+238%), from €460 to €1,556
Change in the result, 2024 to 2025
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 2024 and 2025 balance sheets and the 2025 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 | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €133,496 | €134,021 | +€524 | +0.4% |
| Fixed assets | 21/28 | €1,754 | €18,011 | +€16,257 | +927% |
| Tangible fixed assets | 22/27 | €1,754 | €18,011 | +€16,257 | +927% |
| Furniture and vehicles | 24 | €1,754 | €18,011 | +€16,257 | +927% |
| Current assets | 29/58 | €131,742 | €116,010 | -€15,733 | -11.9% |
| Amounts receivable after more than one year | 29 | €9,782 | €3,658 | -€6,124 | -62.6% |
| Other amounts receivable | 291 | €9,782 | €3,658 | -€6,124 | -62.6% |
| Amounts receivable within one year | 40/41 | €28,510 | €23,227 | -€5,283 | -18.5% |
| Trade receivables | 40 | €21,399 | €14,476 | -€6,923 | -32.4% |
| Other amounts receivable | 41 | €7,111 | €8,751 | +€1,640 | +23.1% |
| Cash at bank and in hand | 54/58 | €88,560 | €84,866 | -€3,694 | -4.2% |
| Deferred charges and accrued income | 490/1 | €4,890 | €4,259 | -€631 | -12.9% |
| Total equity and liabilities | 10/49 | €133,496 | €134,021 | +€524 | +0.4% |
| Equity | 10/15 | €111,315 | €114,118 | +€2,803 | +2.5% |
| Contributions | 10/11 | €14,260 | €14,260 | = | 0.0% |
| Reserves | 13 | €96,513 | €99,316 | +€2,803 | +2.9% |
| Distributable reserves | 133 | €96,513 | €99,316 | +€2,803 | +2.9% |
| Profit (loss) carried forward | 14 | €543 | €543 | = | 0.0% |
| Amounts payable | 17/49 | €22,181 | €19,903 | -€2,279 | -10.3% |
| Amounts payable within one year | 42/48 | €22,181 | €19,903 | -€2,279 | -10.3% |
| Trade debts | 44 | €1,740 | €1,130 | -€610 | -35.0% |
| Suppliers | 440/4 | €1,740 | €1,130 | -€610 | -35.0% |
| Taxes, remuneration and social security | 45 | €4,673 | €2,640 | -€2,033 | -43.5% |
| Taxes | 450/3 | €4,673 | - | -€4,673 | |
| Remuneration and social security | 454/9 | - | €2,640 | +€2,640 | |
| Other amounts payable | 47/48 | €15,769 | €16,132 | +€364 | +2.3% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €460 | €1,556 | +€1,096 | +238% |
| Other operating charges | 640/8 | €188 | €147 | -€41 | -21.6% |
| Gross operating margin | 9900 | €31,542 | €25,588 | -€5,954 | -18.9% |
| Operating profit (loss) | 9901 | €30,894 | €23,884 | -€7,010 | -22.7% |
| Financial income | 75/76B | €566 | €390 | -€175 | -31.0% |
| Recurring financial income | 75 | €566 | €390 | -€175 | -31.0% |
| Financial charges | 65/66B | €512 | €392 | -€120 | -23.5% |
| Recurring financial charges | 65 | €512 | €392 | -€120 | -23.5% |
| Profit (loss) for the period before taxes | 9903 | €30,948 | €23,883 | -€7,065 | -22.8% |
| Income taxes | 67/77 | €8,794 | €6,962 | -€1,832 | -20.8% |
| Profit (loss) for the period | 9904 | €22,155 | €16,922 | -€5,233 | -23.6% |
| Profit (loss) for the period to be appropriated | 9905 | €22,155 | €16,922 | -€5,233 | -23.6% |
Next steps
Calculation and sources
Source: filed annual accounts (NBB), financial years ended 31 December 2024 and 31 December 2025. Green is a favourable move for that line, red an unfavourable one. Prepared on 2 November 2026 via checked.be.