Haut-Regard: 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.
Haut-Regard
Largest movements
- Cash +€121,353
up €121,353 (+130%), from €93,521 to €214,874
mainly Net result for the year (+€57,694) and Receivables within one year (+€33,065)
- Receivables within one year -€33,065
down €33,065 (-20.2%), from €163,851 to €130,786
of which Trade receivables: -€33,548
- Deferred charges and accrued income +€15,265
up €15,265 (+795%), from €1,920 to €17,185
- Financial fixed assets +€8,828
up €8,828 (+33.1%), from €26,685 to €35,513
- Tangible fixed assets -€7,619
down €7,619 (-2.6%), from €291,712 to €284,094
of which Land and buildings: -€10,874
- Reserves +€50,000
new in 2025: €50,000
- Provisions +€30,000
up €30,000 (+60.0%), from €50,000 to €80,000
- Debts within one year +€12,411
up €12,411 (+9.2%), from €134,989 to €147,400
of which Trade debts: +€9,658
- Profit (loss) carried forward +€7,694
up €7,694 (+2.7%), from €281,808 to €289,502
- Gross operating margin +€49,790
up €49,790 (+5.7%), from €867,819 to €917,608
- Staff costs +€38,992
up €38,992 (+5.0%), from €775,012 to €814,003
- Financial income +€12,934
up €12,934 (+43,475%), from €30 to €12,964
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 | €589,190 | €692,452 | +€103,262 | +17.5% |
| Fixed assets | 21/28 | €318,397 | €319,607 | +€1,209 | +0.4% |
| Intangible fixed assets | 21 | €0 | €0 | = | |
| Tangible fixed assets | 22/27 | €291,712 | €284,094 | -€7,619 | -2.6% |
| Land and buildings | 22 | €284,957 | €274,082 | -€10,874 | -3.8% |
| Plant, machinery and equipment | 23 | €1,968 | €5,118 | +€3,150 | +160% |
| Furniture and vehicles | 24 | €4,788 | €4,894 | +€106 | +2.2% |
| Financial fixed assets | 28 | €26,685 | €35,513 | +€8,828 | +33.1% |
| Current assets | 29/58 | €270,792 | €372,845 | +€102,053 | +37.7% |
| Amounts receivable after more than one year | 29 | €11,500 | €10,000 | -€1,500 | -13.0% |
| Other amounts receivable | 291 | €11,500 | €10,000 | -€1,500 | -13.0% |
| Amounts receivable within one year | 40/41 | €163,851 | €130,786 | -€33,065 | -20.2% |
| Trade receivables | 40 | €163,804 | €130,256 | -€33,548 | -20.5% |
| Other amounts receivable | 41 | €48 | €530 | +€483 | +1,014% |
| Cash at bank and in hand | 54/58 | €93,521 | €214,874 | +€121,353 | +130% |
| Deferred charges and accrued income | 490/1 | €1,920 | €17,185 | +€15,265 | +795% |
| Total equity and liabilities | 10/49 | €589,190 | €692,452 | +€103,262 | +17.5% |
| Equity | 10/15 | €360,702 | €418,396 | +€57,694 | +16.0% |
| Contributions | 10/11 | €78,893 | €78,893 | = | 0.0% |
| Capital | 10 | €78,893 | €78,893 | = | 0.0% |
| Reserves | 13 | - | €50,000 | +€50,000 | |
| Profit (loss) carried forward | 14 | €281,808 | €289,502 | +€7,694 | +2.7% |
| Provisions and deferred taxes | 16 | €50,000 | €80,000 | +€30,000 | +60.0% |
| Provisions for liabilities and charges | 160/5 | €50,000 | €80,000 | +€30,000 | +60.0% |
| Major repairs and maintenance | 162 | €50,000 | €80,000 | +€30,000 | +60.0% |
| Amounts payable | 17/49 | €178,488 | €194,056 | +€15,568 | +8.7% |
| Amounts payable after more than one year | 17 | €102 | €0 | -€102 | -100% |
| Financial debts | 170/4 | €102 | €0 | -€102 | -100% |
| Amounts payable within one year | 42/48 | €134,989 | €147,400 | +€12,411 | +9.2% |
| Current portion of amounts payable after more than one year | 42 | €1,147 | - | -€1,147 | |
| Trade debts | 44 | €35,934 | €45,591 | +€9,658 | +26.9% |
| Suppliers | 440/4 | €35,934 | €45,591 | +€9,658 | +26.9% |
| Taxes, remuneration and social security | 45 | €94,266 | €94,615 | +€349 | +0.4% |
| Remuneration and social security | 454/9 | €94,266 | €94,615 | +€349 | +0.4% |
| Accrued charges and deferred income | 492/3 | €43,397 | €46,656 | +€3,259 | +7.5% |
| Remuneration, social security and pensions | 62 | €775,012 | €814,003 | +€38,992 | +5.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €27,728 | €26,431 | -€1,297 | -4.7% |
| Other operating charges | 640/8 | €2,078 | €2,186 | +€108 | +5.2% |
| Gross operating margin | 9900 | €867,819 | €917,608 | +€49,790 | +5.7% |
| Operating profit (loss) | 9901 | €13,001 | €44,988 | +€31,986 | +246% |
| Financial income | 75/76B | €30 | €12,964 | +€12,934 | +43,475% |
| Recurring financial income | 75 | €30 | €12,964 | +€12,934 | +43,475% |
| Financial charges | 65/66B | €251 | €257 | +€6 | +2.5% |
| Recurring financial charges | 65 | €251 | €257 | +€6 | +2.5% |
| Profit (loss) for the period before taxes | 9903 | €12,780 | €57,694 | +€44,914 | +351% |
| Profit (loss) for the period | 9904 | €12,780 | €57,694 | +€44,914 | +351% |
| Profit (loss) for the period to be appropriated | 9905 | €12,780 | €57,694 | +€44,914 | +351% |
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 28 October 2026 via checked.be.