H.T.PROJECTS: 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.PROJECTS
Largest movements
- Deferred charges and accrued income +€11,186
up €11,186 (+387%), from €2,890 to €14,077
- Tangible fixed assets -€9,172
down €9,172 (-66.6%), from €13,761 to €4,589
of which Furniture and vehicles: -€8,665
- Cash +€6,795
up €6,795 (+30.6%), from €22,187 to €28,981
mainly Net result for the year (+€15,227) and Other debts (+€14,571)
- Receivables within one year -€3,656
down €3,656 (-30.2%), from €12,115 to €8,459
- Other debts +€14,571
up €14,571 (+111%), from €13,162 to €27,733
- Current portion of long-term debt -€8,592
no longer reported in 2025 (was €8,592)
- Tax, wage and social debts -€3,381
down €3,381 (-33.7%), from €10,021 to €6,640
- Trade debts +€1,495
up €1,495 (+189%), from €792 to €2,288
- Accrued charges and deferred income +€720
new in 2025: €720
- Gross operating margin -€11,490
down €11,490 (-31.6%), from €36,324 to €24,834
- Depreciation -€9,614
down €9,614 (-86.9%), from €11,060 to €1,445
- Financial charges +€2,522
up €2,522 (+1,109%), from €227 to €2,750
- Taxes +€1,595
up €1,595 (+53.0%), from €3,009 to €4,604
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 | €50,953 | €56,107 | +€5,154 | +10.1% |
| Fixed assets | 21/28 | €13,761 | €4,589 | -€9,172 | -66.6% |
| Tangible fixed assets | 22/27 | €13,761 | €4,589 | -€9,172 | -66.6% |
| Furniture and vehicles | 24 | €10,072 | €1,408 | -€8,665 | -86.0% |
| Other tangible fixed assets | 26 | €3,689 | €3,182 | -€507 | -13.7% |
| Current assets | 29/58 | €37,192 | €51,517 | +€14,325 | +38.5% |
| Amounts receivable within one year | 40/41 | €12,115 | €8,459 | -€3,656 | -30.2% |
| Trade receivables | 40 | €12,115 | €8,459 | -€3,656 | -30.2% |
| Cash at bank and in hand | 54/58 | €22,187 | €28,981 | +€6,795 | +30.6% |
| Deferred charges and accrued income | 490/1 | €2,890 | €14,077 | +€11,186 | +387% |
| Total equity and liabilities | 10/49 | €50,953 | €56,107 | +€5,154 | +10.1% |
| Equity | 10/15 | €18,386 | €18,727 | +€341 | +1.9% |
| Contributions | 10/11 | €3,500 | €3,500 | = | 0.0% |
| Profit (loss) carried forward | 14 | €14,886 | €15,227 | +€341 | +2.3% |
| Amounts payable | 17/49 | €32,567 | €37,380 | +€4,813 | +14.8% |
| Amounts payable within one year | 42/48 | €32,567 | €36,660 | +€4,093 | +12.6% |
| Current portion of amounts payable after more than one year | 42 | €8,592 | - | -€8,592 | |
| Trade debts | 44 | €792 | €2,288 | +€1,495 | +189% |
| Suppliers | 440/4 | €792 | €2,288 | +€1,495 | +189% |
| Taxes, remuneration and social security | 45 | €10,021 | €6,640 | -€3,381 | -33.7% |
| Taxes | 450/3 | €10,021 | €6,640 | -€3,381 | -33.7% |
| Other amounts payable | 47/48 | €13,162 | €27,733 | +€14,571 | +111% |
| Accrued charges and deferred income | 492/3 | - | €720 | +€720 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €11,060 | €1,445 | -€9,614 | -86.9% |
| Other operating charges | 640/8 | €954 | €809 | -€145 | -15.2% |
| Gross operating margin | 9900 | €36,324 | €24,834 | -€11,490 | -31.6% |
| Operating profit (loss) | 9901 | €24,311 | €22,580 | -€1,731 | -7.1% |
| Financial charges | 65/66B | €227 | €2,750 | +€2,522 | +1,109% |
| Recurring financial charges | 65 | €227 | €2,750 | +€2,522 | +1,109% |
| Profit (loss) for the period before taxes | 9903 | €24,083 | €19,830 | -€4,253 | -17.7% |
| Income taxes | 67/77 | €3,009 | €4,604 | +€1,595 | +53.0% |
| Profit (loss) for the period | 9904 | €21,074 | €15,227 | -€5,848 | -27.7% |
| Profit (loss) for the period to be appropriated | 9905 | €21,074 | €15,227 | -€5,848 | -27.7% |
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 15 October 2026 via checked.be.