H.T.M.: 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.
H.T.M.
Largest movements
- Receivables within one year -€65,002
down €65,002 (-98.8%), from €65,797 to €795
of which Other amounts receivable: -€49,045
- Cash -€1,752
down €1,752 (-99.4%), from €1,762 to €10
mainly Other debts (-€46,382) and Trade debts (-€15,787)
- Deferred charges and accrued income -€1,712
down €1,712 (-100%), from €1,712 to €0
- Other debts -€46,382
down €46,382 (-58.9%), from €78,807 to €32,425
- Trade debts -€15,787
down €15,787 (-87.3%), from €18,086 to €2,299
- Tax, wage and social debts -€4,813
down €4,813 (-100%), from €4,813 to €0
- Current portion of long-term debt -€1,416
down €1,416 (-100%), from €1,416 to €0
- Profit (loss) carried forward +€1,136
up €1,136 (+1.6%), from -€69,305 to -€68,169
- Gross operating margin -€3,206
down €3,206 (-72.0%), from €4,455 to €1,249
- Other operating charges -€860
down €860 (-100%), from €860 to €0
- Taxes -€275
down €275 (-100%), from €275 to €0
- Financial charges -€183
down €183 (-61.9%), from €295 to €113
- Financial income -€46
down €46 (-100%), from €46 to €0
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 | €69,271 | €806 | -€68,466 | -98.8% |
| Current assets | 29/58 | €69,271 | €806 | -€68,466 | -98.8% |
| Amounts receivable within one year | 40/41 | €65,797 | €795 | -€65,002 | -98.8% |
| Trade receivables | 40 | €15,957 | €0 | -€15,957 | -100% |
| Other amounts receivable | 41 | €49,840 | €795 | -€49,045 | -98.4% |
| Cash at bank and in hand | 54/58 | €1,762 | €10 | -€1,752 | -99.4% |
| Deferred charges and accrued income | 490/1 | €1,712 | €0 | -€1,712 | -100% |
| Total equity and liabilities | 10/49 | €69,271 | €806 | -€68,466 | -98.8% |
| Equity | 10/15 | -€35,055 | -€33,919 | +€1,136 | +3.2% |
| Contributions | 10/11 | €34,250 | €34,250 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€69,305 | -€68,169 | +€1,136 | +1.6% |
| Amounts payable | 17/49 | €104,326 | €34,724 | -€69,601 | -66.7% |
| Amounts payable within one year | 42/48 | €104,202 | €34,724 | -€69,478 | -66.7% |
| Current portion of amounts payable after more than one year | 42 | €1,416 | €0 | -€1,416 | -100% |
| Trade debts | 44 | €18,086 | €2,299 | -€15,787 | -87.3% |
| Suppliers | 440/4 | €18,086 | €2,299 | -€15,787 | -87.3% |
| Advances received on contracts in progress | 46 | €1,080 | €0 | -€1,080 | -100% |
| Taxes, remuneration and social security | 45 | €4,813 | €0 | -€4,813 | -100% |
| Taxes | 450/3 | €4,813 | €0 | -€4,813 | -100% |
| Other amounts payable | 47/48 | €78,807 | €32,425 | -€46,382 | -58.9% |
| Accrued charges and deferred income | 492/3 | €124 | €0 | -€124 | -100% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €0 | - | = | |
| Other operating charges | 640/8 | €860 | €0 | -€860 | -100% |
| Gross operating margin | 9900 | €4,455 | €1,249 | -€3,206 | -72.0% |
| Operating profit (loss) | 9901 | €3,595 | €1,249 | -€2,346 | -65.3% |
| Financial income | 75/76B | €46 | €0 | -€46 | -100% |
| Recurring financial income | 75 | €46 | €0 | -€46 | -100% |
| Financial charges | 65/66B | €295 | €113 | -€183 | -61.9% |
| Recurring financial charges | 65 | €295 | €113 | -€183 | -61.9% |
| Profit (loss) for the period before taxes | 9903 | €3,345 | €1,136 | -€2,209 | -66.0% |
| Income taxes | 67/77 | €275 | €0 | -€275 | -100% |
| Profit (loss) for the period | 9904 | €3,070 | €1,136 | -€1,934 | -63.0% |
| Profit (loss) for the period to be appropriated | 9905 | €3,070 | €1,136 | -€1,934 | -63.0% |
Source: filed annual accounts (NBB), financial years ended 31 March 2024 and 31 March 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 28 October 2026 via checked.be.