PROFILS 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.
PROFILS HORIZON
Largest movements
- Tangible fixed assets -€5,908
down €5,908 (-47.3%), from €12,480 to €6,572
- Receivables within one year -€250
down €250 (-3.9%), from €6,435 to €6,185
of which Trade receivables: -€250
- Profit (loss) carried forward -€8,453
down €8,453 (-6.7%), from -€125,447 to -€133,900
- Trade debts +€2,789
up €2,789 (+124%), from €2,245 to €5,034
- Tax, wage and social debts -€495
down €495 (-89.7%), from €551 to €57
- Other debts -€265
down €265 (-0.2%), from €128,197 to €127,932
- Gross operating margin +€6,437
up €6,437 (+73.3%), from -€8,786 to -€2,350
- Other operating charges -€1,141
down €1,141 (-88.8%), from €1,285 to €143
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 | €24,380 | €17,864 | -€6,516 | -26.7% |
| Fixed assets | 21/28 | €12,480 | €6,572 | -€5,908 | -47.3% |
| Tangible fixed assets | 22/27 | €12,480 | €6,572 | -€5,908 | -47.3% |
| Furniture and vehicles | 24 | €12,480 | €6,572 | -€5,908 | -47.3% |
| Current assets | 29/58 | €11,900 | €11,292 | -€608 | -5.1% |
| Amounts receivable within one year | 40/41 | €6,435 | €6,185 | -€250 | -3.9% |
| Trade receivables | 40 | €250 | €0 | -€250 | -100% |
| Other amounts receivable | 41 | €6,185 | €6,185 | = | 0.0% |
| Cash at bank and in hand | 54/58 | €5,163 | €5,020 | -€143 | -2.8% |
| Deferred charges and accrued income | 490/1 | €302 | €87 | -€215 | -71.2% |
| Total equity and liabilities | 10/49 | €24,380 | €17,864 | -€6,516 | -26.7% |
| Equity | 10/15 | -€106,705 | -€115,158 | -€8,453 | -7.9% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €142 | €142 | = | 0.0% |
| Non-distributable reserves | 130/1 | €142 | €142 | = | 0.0% |
| Reserves not available under the articles | 1311 | €142 | €142 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€125,447 | -€133,900 | -€8,453 | -6.7% |
| Amounts payable | 17/49 | €131,086 | €133,022 | +€1,936 | +1.5% |
| Amounts payable within one year | 42/48 | €130,992 | €133,022 | +€2,029 | +1.5% |
| Trade debts | 44 | €2,245 | €5,034 | +€2,789 | +124% |
| Suppliers | 440/4 | €2,245 | €5,034 | +€2,789 | +124% |
| Taxes, remuneration and social security | 45 | €551 | €57 | -€495 | -89.7% |
| Taxes | 450/3 | €551 | €57 | -€495 | -89.7% |
| Other amounts payable | 47/48 | €128,197 | €127,932 | -€265 | -0.2% |
| Accrued charges and deferred income | 492/3 | €93 | €0 | -€93 | -100% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €5,908 | €5,908 | = | 0.0% |
| Other operating charges | 640/8 | €1,285 | €143 | -€1,141 | -88.8% |
| Gross operating margin | 9900 | -€8,786 | -€2,350 | +€6,437 | +73.3% |
| Operating profit (loss) | 9901 | -€15,979 | -€8,402 | +€7,578 | +47.4% |
| Financial income | 75/76B | €0 | - | -€0 | |
| Recurring financial income | 75 | €0 | - | -€0 | |
| Financial charges | 65/66B | €45 | €51 | +€6 | +13.3% |
| Recurring financial charges | 65 | €45 | €51 | +€6 | +13.3% |
| Profit (loss) for the period before taxes | 9903 | -€16,024 | -€8,453 | +€7,571 | +47.3% |
| Income taxes | 67/77 | -€78 | - | +€78 | |
| Profit (loss) for the period | 9904 | -€15,946 | -€8,453 | +€7,493 | +47.0% |
| Profit (loss) for the period to be appropriated | 9905 | -€15,946 | -€8,453 | +€7,493 | +47.0% |
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 31 October 2026 via checked.be.