HCTS: 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.
HCTS
Largest movements
- Tangible fixed assets -€6,002
down €6,002 (-42.5%), from €14,120 to €8,118
- Stocks and contracts -€5,862
down €5,862 (-11.3%), from €51,876 to €46,014
- Receivables within one year +€5,084
up €5,084 (+76.9%), from €6,611 to €11,695
of which Trade receivables: +€2,962
- Cash +€3,154
up €3,154 (+151%), from €2,083 to €5,237
mainly Other debts (+€6,970) and Stocks and contracts (+€5,862)
- Tax, wage and social debts -€8,533
down €8,533 (-84.8%), from €10,066 to €1,534
- Other debts +€6,970
up €6,970 (+28.2%), from €24,718 to €31,688
- Profit (loss) carried forward -€792
new in 2025: -€792
- Trade debts -€761
down €761 (-27.4%), from €2,779 to €2,018
- Gross operating margin -€3,821
down €3,821 (-28.1%), from €13,599 to €9,778
- Other operating charges +€3,587
up €3,587 (+308%), from €1,165 to €4,752
- Taxes -€2,232
down €2,232 (-89.6%), from €2,490 to €258
- Depreciation -€281
down €281 (-5.0%), from €5,643 to €5,361
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 | €75,784 | €72,669 | -€3,115 | -4.1% |
| Fixed assets | 21/28 | €14,120 | €8,118 | -€6,002 | -42.5% |
| Tangible fixed assets | 22/27 | €14,120 | €8,118 | -€6,002 | -42.5% |
| Plant, machinery and equipment | 23 | €14,120 | €8,118 | -€6,002 | -42.5% |
| Current assets | 29/58 | €61,664 | €64,551 | +€2,887 | +4.7% |
| Stocks and contracts in progress | 3 | €51,876 | €46,014 | -€5,862 | -11.3% |
| Stocks | 30/36 | €51,876 | €46,014 | -€5,862 | -11.3% |
| Amounts receivable within one year | 40/41 | €6,611 | €11,695 | +€5,084 | +76.9% |
| Trade receivables | 40 | €3,936 | €6,898 | +€2,962 | +75.2% |
| Other amounts receivable | 41 | €2,674 | €4,797 | +€2,122 | +79.4% |
| Cash at bank and in hand | 54/58 | €2,083 | €5,237 | +€3,154 | +151% |
| Deferred charges and accrued income | 490/1 | €1,094 | €1,605 | +€511 | +46.6% |
| Total equity and liabilities | 10/49 | €75,784 | €72,669 | -€3,115 | -4.1% |
| Equity | 10/15 | €38,221 | €37,429 | -€792 | -2.1% |
| Contributions | 10/11 | €6,200 | €6,200 | = | 0.0% |
| Reserves | 13 | €32,021 | €32,021 | = | 0.0% |
| Distributable reserves | 133 | €32,021 | €32,021 | = | 0.0% |
| Profit (loss) carried forward | 14 | - | -€792 | -€792 | |
| Amounts payable | 17/49 | €37,563 | €35,240 | -€2,323 | -6.2% |
| Amounts payable within one year | 42/48 | €37,563 | €35,240 | -€2,323 | -6.2% |
| Trade debts | 44 | €2,779 | €2,018 | -€761 | -27.4% |
| Suppliers | 440/4 | €2,779 | €2,018 | -€761 | -27.4% |
| Taxes, remuneration and social security | 45 | €10,066 | €1,534 | -€8,533 | -84.8% |
| Taxes | 450/3 | €10,066 | €1,534 | -€8,533 | -84.8% |
| Other amounts payable | 47/48 | €24,718 | €31,688 | +€6,970 | +28.2% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €5,643 | €5,361 | -€281 | -5.0% |
| Other operating charges | 640/8 | €1,165 | €4,752 | +€3,587 | +308% |
| Gross operating margin | 9900 | €13,599 | €9,778 | -€3,821 | -28.1% |
| Operating profit (loss) | 9901 | €6,792 | -€335 | -€7,126 | |
| Financial income | 75/76B | €3 | €0 | -€3 | -99.6% |
| Recurring financial income | 75 | €3 | €0 | -€3 | -99.6% |
| Financial charges | 65/66B | €176 | €199 | +€23 | +12.9% |
| Recurring financial charges | 65 | €176 | €199 | +€23 | +12.9% |
| Profit (loss) for the period before taxes | 9903 | €6,618 | -€534 | -€7,152 | |
| Income taxes | 67/77 | €2,490 | €258 | -€2,232 | -89.6% |
| Profit (loss) for the period | 9904 | €4,128 | -€792 | -€4,920 | |
| Profit (loss) for the period to be appropriated | 9905 | €4,128 | -€792 | -€4,920 |
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 18 October 2026 via checked.be.