SURINCAS-HORIZON: what changed
What changed
SURINCAS-HORIZON
filed annual accounts (NBB)
Net result for the year
-€8,665
2024 · -€9,836+€1,172
Equity
€518,746
2024 · €527,411-€8,665
Cash
€18,512
2024 · €22,055-€3,543
Balance sheet total
€520,068
2024 · €528,770-€8,703
Largest movements
Assets
No asset line moved by more than 1% of the balance sheet total.
Equity and liabilities
- Profit (loss) carried forward -€8,665
down €8,665 (-13.1%), from -€66,339 to -€75,004
Income statement
- Financial income +€914
up €914 (+1,418%), from €64 to €978
- Gross operating margin +€278
up €278 (+2.9%), from -€9,709 to -€9,431
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.
Result 2024
-€9,836
Gross operating margin
+€278
Other operating charges
-€33
Financial income
+€914
Financial charges
+€12
Result 2025
-€8,665
raises the resultlowers the result
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.
From operations
-€3,543
Investment
€0
Financing
€0
Cash 2024
€22,055
From operations (derived)
-€3,543
Net result for the year
-€8,665
Receivables within one year
+€5,160
Trade debts
-€38
Cash 2025
€18,512
brings cash intakes cash out
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €528,770 | €520,068 | -€8,703 | -1.6% |
| Current assets | 29/58 | €528,770 | €520,068 | -€8,703 | -1.6% |
| Stocks and contracts in progress | 3 | €480,461 | €480,461 | = | 0.0% |
| Stocks | 30/36 | €480,461 | €480,461 | = | 0.0% |
| Amounts receivable within one year | 40/41 | €26,255 | €21,095 | -€5,160 | -19.7% |
| Other amounts receivable | 41 | €26,255 | €21,095 | -€5,160 | -19.7% |
| Cash at bank and in hand | 54/58 | €22,055 | €18,512 | -€3,543 | -16.1% |
| Total equity and liabilities | 10/49 | €528,770 | €520,068 | -€8,703 | -1.6% |
| Equity | 10/15 | €527,411 | €518,746 | -€8,665 | -1.6% |
| Contributions | 10/11 | €593,750 | €593,750 | = | 0.0% |
| Capital | 10 | €593,750 | €593,750 | = | 0.0% |
| Issued capital | 100 | €750,000 | €750,000 | = | 0.0% |
| Uncalled capital | 101 | €156,250 | €156,250 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€66,339 | -€75,004 | -€8,665 | -13.1% |
| Amounts payable | 17/49 | €1,360 | €1,322 | -€38 | -2.8% |
| Amounts payable within one year | 42/48 | €1,360 | €1,322 | -€38 | -2.8% |
| Trade debts | 44 | €1,360 | €1,322 | -€38 | -2.8% |
| Suppliers | 440/4 | €1,360 | €1,322 | -€38 | -2.8% |
| Other operating charges | 640/8 | €126 | €159 | +€33 | +25.8% |
| Gross operating margin | 9900 | -€9,709 | -€9,431 | +€278 | +2.9% |
| Operating profit (loss) | 9901 | -€9,835 | -€9,589 | +€246 | +2.5% |
| Financial income | 75/76B | €64 | €978 | +€914 | +1,418% |
| Recurring financial income | 75 | €64 | €978 | +€914 | +1,418% |
| Financial charges | 65/66B | €66 | €54 | -€12 | -18.2% |
| Recurring financial charges | 65 | €66 | €54 | -€12 | -18.2% |
| Profit (loss) for the period before taxes | 9903 | -€9,836 | -€8,665 | +€1,172 | +11.9% |
| Profit (loss) for the period | 9904 | -€9,836 | -€8,665 | +€1,172 | +11.9% |
| Profit (loss) for the period to be appropriated | 9905 | -€9,836 | -€8,665 | +€1,172 | +11.9% |
Next steps
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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.