FOR HEIGHTS: 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.
FOR HEIGHTS
Largest movements
- Receivables within one year +€44,612
up €44,612 (+149%), from €29,972 to €74,584
of which Trade receivables: +€44,020
- Cash +€1,928
up €1,928 (+16.1%), from €11,961 to €13,889
mainly Trade debts (+€43,195) and Net result for the year (+€6,634)
- Tangible fixed assets +€1,845
up €1,845 (+113%), from €1,637 to €3,482
- Trade debts +€43,195
up €43,195 (+114%), from €37,883 to €81,079
- Profit (loss) carried forward +€6,634
up €6,634 (+88.7%), from -€7,484 to -€849
- Tax, wage and social debts -€1,119
no longer reported in 2025 (was €1,119)
- Gross operating margin +€15,954
up €15,954, from -€7,655 to €8,299
- Depreciation +€497
up €497 (+3,936%), from €13 to €509
- Financial charges +€293
up €293 (+185%), from €159 to €452
- Other operating charges -€111
down €111 (-12.7%), from €868 to €758
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 | €43,571 | €92,089 | +€48,518 | +111% |
| Fixed assets | 21/28 | €1,637 | €3,482 | +€1,845 | +113% |
| Tangible fixed assets | 22/27 | €1,637 | €3,482 | +€1,845 | +113% |
| Plant, machinery and equipment | 23 | €1,637 | €3,482 | +€1,845 | +113% |
| Current assets | 29/58 | €41,933 | €88,607 | +€46,674 | +111% |
| Amounts receivable within one year | 40/41 | €29,972 | €74,584 | +€44,612 | +149% |
| Trade receivables | 40 | €29,972 | €73,992 | +€44,020 | +147% |
| Other amounts receivable | 41 | - | €593 | +€593 | |
| Cash at bank and in hand | 54/58 | €11,961 | €13,889 | +€1,928 | +16.1% |
| Deferred charges and accrued income | 490/1 | - | €133 | +€133 | |
| Total equity and liabilities | 10/49 | €43,571 | €92,089 | +€48,518 | +111% |
| Equity | 10/15 | €571 | €7,206 | +€6,634 | +1,161% |
| Contributions | 10/11 | €6,200 | €6,200 | = | 0.0% |
| Reserves | 13 | €1,855 | €1,855 | = | 0.0% |
| Distributable reserves | 133 | €1,855 | €1,855 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€7,484 | -€849 | +€6,634 | +88.7% |
| Amounts payable | 17/49 | €42,999 | €84,883 | +€41,884 | +97.4% |
| Amounts payable within one year | 42/48 | €42,999 | €84,883 | +€41,884 | +97.4% |
| Trade debts | 44 | €37,883 | €81,079 | +€43,195 | +114% |
| Suppliers | 440/4 | €37,883 | €81,079 | +€43,195 | +114% |
| Taxes, remuneration and social security | 45 | €1,119 | - | -€1,119 | |
| Taxes | 450/3 | €1,119 | - | -€1,119 | |
| Other amounts payable | 47/48 | €3,996 | €3,804 | -€192 | -4.8% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €13 | €509 | +€497 | +3,936% |
| Other operating charges | 640/8 | €868 | €758 | -€111 | -12.7% |
| Gross operating margin | 9900 | -€7,655 | €8,299 | +€15,954 | |
| Operating profit (loss) | 9901 | -€8,536 | €7,032 | +€15,568 | |
| Financial income | 75/76B | €16 | €53 | +€37 | +227% |
| Recurring financial income | 75 | €16 | €53 | +€37 | +227% |
| Financial charges | 65/66B | €159 | €452 | +€293 | +185% |
| Recurring financial charges | 65 | €159 | €452 | +€293 | +185% |
| Profit (loss) for the period before taxes | 9903 | -€8,678 | €6,634 | +€15,313 | |
| Profit (loss) for the period | 9904 | -€8,678 | €6,634 | +€15,313 | |
| Profit (loss) for the period to be appropriated | 9905 | -€8,678 | €6,634 | +€15,313 |
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 22 October 2026 via checked.be.