HeadIT: what changed
Two fiscal 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.
HeadIT
Largest movements
- Receivables within one year +€8,901
up €8,901 (+6.3%), from €140,289 to €149,190
of which Trade receivables: +€15,362
- Tangible fixed assets +€3,974
up €3,974 (+16.8%), from €23,721 to €27,696
of which Land and buildings: +€5,421
- Cash -€3,099
down €3,099 (-42.4%), from €7,314 to €4,215
mainly Trade debts (-€15,913) and Investment in fixed assets (net) (-€12,184)
- Deferred charges and accrued income -€2,402
down €2,402 (-46.3%), from €5,189 to €2,787
- Tax, wage and social debts +€22,842
up €22,842 (+66.2%), from €34,517 to €57,359
of which Taxes: +€17,416
- Trade debts -€15,913
down €15,913 (-14.6%), from €108,950 to €93,038
- Current portion of long-term debt +€14,204
up €14,204 (+368.8%), from €3,851 to €18,055
- Other debts -€6,000
down €6,000 (-40.0%), from €15,000 to €9,000
- Profit (loss) carried forward -€4,533
down €4,533 (-33.6%), from -€13,500 to -€18,033
- Staff costs +€6,227
up €6,227 (+4.7%), from €131,317 to €137,544
- Write-downs -€4,975
down €4,975, from €2,488 to -€2,488
- Gross operating margin -€2,166
down €2,166 (-1.4%), from €153,746 to €151,581
- Depreciation +€2,021
up €2,021 (+29.0%), from €6,968 to €8,989
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.
Cash bridge derived
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 | €183,972 | €190,567 | +€6,595 | +3.6% |
| Fixed assets | 21/28 | €31,180 | €34,374 | +€3,194 | +10.2% |
| Intangible fixed assets | 21 | €1,458 | €678 | -€780 | -53.5% |
| Tangible fixed assets | 22/27 | €23,721 | €27,696 | +€3,974 | +16.8% |
| Land and buildings | 22 | - | €5,421 | +€5,421 | |
| Plant, machinery and equipment | 23 | €4,434 | €4,406 | -€29 | -0.6% |
| Furniture and vehicles | 24 | €19,287 | €17,869 | -€1,418 | -7.4% |
| Financial fixed assets | 28 | €6,000 | €6,000 | = | 0.0% |
| Current assets | 29/58 | €152,792 | €156,193 | +€3,401 | +2.2% |
| Amounts receivable within one year | 40/41 | €140,289 | €149,190 | +€8,901 | +6.3% |
| Trade receivables | 40 | €133,828 | €149,190 | +€15,362 | +11.5% |
| Other amounts receivable | 41 | €6,461 | - | -€6,461 | |
| Cash at bank and in hand | 54/58 | €7,314 | €4,215 | -€3,099 | -42.4% |
| Deferred charges and accrued income | 490/1 | €5,189 | €2,787 | -€2,402 | -46.3% |
| Total equity and liabilities | 10/49 | €183,972 | €190,567 | +€6,595 | +3.6% |
| Equity | 10/15 | €6,500 | €1,967 | -€4,533 | -69.7% |
| Contributions | 10/11 | €20,000 | €20,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€13,500 | -€18,033 | -€4,533 | -33.6% |
| Amounts payable | 17/49 | €177,472 | €188,600 | +€11,128 | +6.3% |
| Amounts payable after more than one year | 17 | €13,428 | €9,396 | -€4,032 | -30.0% |
| Financial debts | 170/4 | €13,428 | €9,396 | -€4,032 | -30.0% |
| Amounts payable within one year | 42/48 | €164,044 | €179,204 | +€15,160 | +9.2% |
| Current portion of amounts payable after more than one year | 42 | €3,851 | €18,055 | +€14,204 | +368.8% |
| Financial debts | 43 | €1,725 | €1,753 | +€27 | +1.6% |
| Credit institutions | 430/8 | €1,725 | €1,753 | +€27 | +1.6% |
| Trade debts | 44 | €108,950 | €93,038 | -€15,913 | -14.6% |
| Suppliers | 440/4 | €108,950 | €93,038 | -€15,913 | -14.6% |
| Taxes, remuneration and social security | 45 | €34,517 | €57,359 | +€22,842 | +66.2% |
| Taxes | 450/3 | €23,518 | €40,934 | +€17,416 | +74.1% |
| Remuneration and social security | 454/9 | €10,999 | €16,425 | +€5,426 | +49.3% |
| Other amounts payable | 47/48 | €15,000 | €9,000 | -€6,000 | -40.0% |
| Remuneration, social security and pensions | 62 | €131,317 | €137,544 | +€6,227 | +4.7% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €6,968 | €8,989 | +€2,021 | +29.0% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | €2,488 | -€2,488 | -€4,975 | |
| Other operating charges | 640/8 | €686 | €1,398 | +€712 | +103.7% |
| Gross operating margin | 9900 | €153,746 | €151,581 | -€2,166 | -1.4% |
| Operating profit (loss) | 9901 | €12,287 | €6,137 | -€6,150 | -50.1% |
| Financial income | 75/76B | - | €1 | +€1 | |
| Recurring financial income | 75 | - | €1 | +€1 | |
| Financial charges | 65/66B | €4,642 | €4,238 | -€404 | -8.7% |
| Recurring financial charges | 65 | €4,642 | €4,238 | -€404 | -8.7% |
| Profit (loss) for the period before taxes | 9903 | €7,645 | €1,900 | -€5,745 | -75.2% |
| Income taxes | 67/77 | €7,296 | €6,433 | -€863 | -11.8% |
| Profit (loss) for the period | 9904 | €349 | -€4,533 | -€4,882 | |
| Profit (loss) for the period to be appropriated | 9905 | €349 | -€4,533 | -€4,882 |
Source: filed annual accounts (NBB), fiscal 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 September 2026 via checked.be.