H.T.M.: what changed
H.T.M.
Largest movements
- Receivables within one year +€41,328
up €41,328 (+31.8%), from €130,014 to €171,342
of which Other amounts receivable: +€52,630
- Tangible fixed assets -€39,525
down €39,525 (-18.7%), from €211,288 to €171,763
of which Furniture and vehicles: -€27,461
- Reserves +€39,572
up €39,572 (+19.7%), from €200,740 to €240,312
of which Distributable reserves: +€39,572
- Debts after one year -€24,559
down €24,559 (-21.8%), from €112,910 to €88,351
- Tax, wage and social debts -€11,034
down €11,034 (-36.7%), from €30,103 to €19,068
of which Taxes: -€10,727
- Gross operating margin -€25,774
down €25,774 (-11.9%), from €216,114 to €190,340
- Taxes -€13,641
down €13,641 (-45.5%), from €29,984 to €16,343
- Staff costs +€8,526
up €8,526 (+10.9%), from €78,404 to €86,930
- Financial income +€2,864
up €2,864 (+118%), from €2,426 to €5,290
- Depreciation +€2,550
up €2,550 (+6.4%), from €39,578 to €42,127
Change in the result, 2023 to 2024
For each income-statement line you see the change as its effect on the result. Higher costs lower the result, higher income raises it.
Derived cash bridge
The bridge is derived from the 2023 and 2024 balance sheets and the 2024 result. There is no filed cash-flow statement. You see where the money came from and where it went.
Every line side by side
| Line | Code | 2023 | 2024 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €411,078 | €413,284 | +€2,206 | +0.5% |
| Fixed assets | 21/28 | €211,288 | €171,763 | -€39,525 | -18.7% |
| Tangible fixed assets | 22/27 | €211,288 | €171,763 | -€39,525 | -18.7% |
| Land and buildings | 22 | €80,414 | €74,368 | -€6,047 | -7.5% |
| Plant, machinery and equipment | 23 | €12,344 | €6,327 | -€6,017 | -48.7% |
| Furniture and vehicles | 24 | €118,530 | €91,069 | -€27,461 | -23.2% |
| Current assets | 29/58 | €199,790 | €241,521 | +€41,731 | +20.9% |
| Amounts receivable within one year | 40/41 | €130,014 | €171,342 | +€41,328 | +31.8% |
| Trade receivables | 40 | €74,452 | €63,150 | -€11,302 | -15.2% |
| Other amounts receivable | 41 | €55,563 | €108,192 | +€52,630 | +94.7% |
| Cash at bank and in hand | 54/58 | €67,564 | €66,784 | -€780 | -1.2% |
| Deferred charges and accrued income | 490/1 | €2,211 | €3,395 | +€1,184 | +53.5% |
| Total equity and liabilities | 10/49 | €411,078 | €413,284 | +€2,206 | +0.5% |
| Equity | 10/15 | €219,340 | €258,912 | +€39,572 | +18.0% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €200,740 | €240,312 | +€39,572 | +19.7% |
| Tax-exempt reserves | 132 | €5,805 | €5,805 | = | 0.0% |
| Distributable reserves | 133 | €194,935 | €234,507 | +€39,572 | +20.3% |
| Amounts payable | 17/49 | €191,738 | €154,372 | -€37,366 | -19.5% |
| Amounts payable after more than one year | 17 | €112,910 | €88,351 | -€24,559 | -21.8% |
| Financial debts | 170/4 | €112,910 | €88,351 | -€24,559 | -21.8% |
| Amounts payable within one year | 42/48 | €78,827 | €66,021 | -€12,807 | -16.2% |
| Current portion of amounts payable after more than one year | 42 | €23,455 | €24,559 | +€1,104 | +4.7% |
| Trade debts | 44 | €25,270 | €22,393 | -€2,876 | -11.4% |
| Suppliers | 440/4 | €25,270 | €22,393 | -€2,876 | -11.4% |
| Taxes, remuneration and social security | 45 | €30,103 | €19,068 | -€11,034 | -36.7% |
| Taxes | 450/3 | €15,313 | €4,586 | -€10,727 | -70.1% |
| Remuneration and social security | 454/9 | €14,789 | €14,482 | -€307 | -2.1% |
| Remuneration, social security and pensions | 62 | €78,404 | €86,930 | +€8,526 | +10.9% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €39,578 | €42,127 | +€2,550 | +6.4% |
| Other operating charges | 640/8 | €5,225 | €6,090 | +€865 | +16.6% |
| Gross operating margin | 9900 | €216,114 | €190,340 | -€25,774 | -11.9% |
| Operating profit (loss) | 9901 | €92,907 | €55,192 | -€37,715 | -40.6% |
| Financial income | 75/76B | €2,426 | €5,290 | +€2,864 | +118% |
| Recurring financial income | 75 | €2,426 | €5,290 | +€2,864 | +118% |
| Financial charges | 65/66B | €4,250 | €4,566 | +€316 | +7.4% |
| Recurring financial charges | 65 | €4,250 | €4,566 | +€316 | +7.4% |
| Profit (loss) for the period before taxes | 9903 | €91,082 | €55,915 | -€35,167 | -38.6% |
| Income taxes | 67/77 | €29,984 | €16,343 | -€13,641 | -45.5% |
| Profit (loss) for the period | 9904 | €61,098 | €39,572 | -€21,526 | -35.2% |
| Profit (loss) for the period to be appropriated | 9905 | €61,098 | €39,572 | -€21,526 | -35.2% |
Next steps
Calculation and sources
Source: filed annual accounts (NBB), financial years ended 31 December 2023 and 31 December 2024. Green is a favourable move for that line, red an unfavourable one. Prepared on 6 November 2026 via checked.be.