BELGIUM HIGH TEC: 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.
BELGIUM HIGH TEC
Largest movements
- Receivables within one year -€10,763
down €10,763 (-30.1%), from €35,806 to €25,043
of which Other amounts receivable: -€5,826
- Cash -€2,105
down €2,105 (-15.7%), from €13,388 to €11,283
mainly Net result for the year (-€20,678) and Tax, wage and social debts (-€4,474)
- Tangible fixed assets +€1,885
up €1,885 (+7.8%), from €24,019 to €25,904
- Deferred charges and accrued income -€775
down €775 (-25.9%), from €2,995 to €2,220
- Profit (loss) carried forward -€20,678
down €20,678, from €1,317 to -€19,360
- Trade debts +€17,821
up €17,821 (+94.5%), from €18,855 to €36,675
- Tax, wage and social debts -€4,474
down €4,474 (-70.2%), from €6,372 to €1,898
of which Taxes: -€4,849
- Other debts -€4,427
down €4,427 (-35.6%), from €12,439 to €8,012
- Staff costs +€13,481
up €13,481 (+924%), from €1,459 to €14,940
- Other operating charges +€8,486
up €8,486 (+123%), from €6,910 to €15,396
- Financial charges -€2,302
down €2,302 (-86.8%), from €2,651 to €349
- Gross operating margin +€1,657
up €1,657 (+17.5%), from €9,493 to €11,150
- Taxes -€1,535
no longer reported in 2025 (was €1,535)
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 | €76,208 | €64,450 | -€11,758 | -15.4% |
| Fixed assets | 21/28 | €24,019 | €25,904 | +€1,885 | +7.8% |
| Tangible fixed assets | 22/27 | €24,019 | €25,904 | +€1,885 | +7.8% |
| Furniture and vehicles | 24 | €24,019 | €25,904 | +€1,885 | +7.8% |
| Current assets | 29/58 | €52,189 | €38,546 | -€13,643 | -26.1% |
| Amounts receivable within one year | 40/41 | €35,806 | €25,043 | -€10,763 | -30.1% |
| Trade receivables | 40 | €26,227 | €21,290 | -€4,937 | -18.8% |
| Other amounts receivable | 41 | €9,579 | €3,753 | -€5,826 | -60.8% |
| Cash at bank and in hand | 54/58 | €13,388 | €11,283 | -€2,105 | -15.7% |
| Deferred charges and accrued income | 490/1 | €2,995 | €2,220 | -€775 | -25.9% |
| Total equity and liabilities | 10/49 | €76,208 | €64,450 | -€11,758 | -15.4% |
| Equity | 10/15 | €10,317 | -€10,360 | -€20,678 | |
| Contributions | 10/11 | €9,000 | €9,000 | = | 0.0% |
| Capital | 10 | €9,000 | €9,000 | = | 0.0% |
| Issued capital | 100 | €9,000 | €9,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | €1,317 | -€19,360 | -€20,678 | |
| Amounts payable | 17/49 | €65,891 | €74,811 | +€8,920 | +13.5% |
| Amounts payable within one year | 42/48 | €52,691 | €61,611 | +€8,920 | +16.9% |
| Trade debts | 44 | €18,855 | €36,675 | +€17,821 | +94.5% |
| Suppliers | 440/4 | €18,855 | €36,675 | +€17,821 | +94.5% |
| Advances received on contracts in progress | 46 | €15,025 | €15,025 | = | 0.0% |
| Taxes, remuneration and social security | 45 | €6,372 | €1,898 | -€4,474 | -70.2% |
| Taxes | 450/3 | €6,372 | €1,523 | -€4,849 | -76.1% |
| Remuneration and social security | 454/9 | - | €375 | +€375 | |
| Other amounts payable | 47/48 | €12,439 | €8,012 | -€4,427 | -35.6% |
| Accrued charges and deferred income | 492/3 | €13,200 | €13,200 | = | 0.0% |
| Remuneration, social security and pensions | 62 | €1,459 | €14,940 | +€13,481 | +924% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €694 | €1,143 | +€449 | +64.8% |
| Other operating charges | 640/8 | €6,910 | €15,396 | +€8,486 | +123% |
| Gross operating margin | 9900 | €9,493 | €11,150 | +€1,657 | +17.5% |
| Operating profit (loss) | 9901 | €431 | -€20,329 | -€20,760 | |
| Financial charges | 65/66B | €2,651 | €349 | -€2,302 | -86.8% |
| Recurring financial charges | 65 | €2,651 | €349 | -€2,302 | -86.8% |
| Profit (loss) for the period before taxes | 9903 | -€2,220 | -€20,678 | -€18,458 | -832% |
| Income taxes | 67/77 | €1,535 | - | -€1,535 | |
| Profit (loss) for the period | 9904 | -€3,755 | -€20,678 | -€16,923 | -451% |
| Profit (loss) for the period to be appropriated | 9905 | -€3,755 | -€20,678 | -€16,923 | -451% |
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 24 October 2026 via checked.be.