HEIGHTS CLUSTERS: 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.
HEIGHTS CLUSTERS
Largest movements
- Cash +€27,406
up €27,406 (+32.6%), from €84,020 to €111,426
mainly Net result for the year (+€96,157) and Other debts (+€24,212)
- Receivables within one year +€11,383
up €11,383 (+165.3%), from €6,888 to €18,271
of which Trade receivables: +€18,271
- Other debts +€24,212
up €24,212 (+33.3%), from €72,658 to €96,870
- Tax, wage and social debts +€13,629
up €13,629 (+491.8%), from €2,771 to €16,400
- Gross operating margin +€31,666
up €31,666 (+31.3%), from €101,109 to €132,775
- Taxes +€9,447
up €9,447 (+39.2%), from €24,112 to €33,559
- Other operating charges -€1,871
down €1,871 (-66.8%), from €2,799 to €928
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 | €95,892 | €134,165 | +€38,273 | +39.9% |
| Fixed assets | 21/28 | €2,238 | €1,001 | -€1,237 | -55.3% |
| Tangible fixed assets | 22/27 | €2,238 | €1,001 | -€1,237 | -55.3% |
| Plant, machinery and equipment | 23 | €963 | €619 | -€344 | -35.8% |
| Furniture and vehicles | 24 | €1,275 | €382 | -€892 | -70.0% |
| Current assets | 29/58 | €93,654 | €133,164 | +€39,510 | +42.2% |
| Stocks and contracts in progress | 3 | €0 | - | = | |
| Stocks | 30/36 | €0 | - | = | |
| Amounts receivable within one year | 40/41 | €6,888 | €18,271 | +€11,383 | +165.3% |
| Trade receivables | 40 | €0 | €18,271 | +€18,271 | |
| Other amounts receivable | 41 | €6,888 | €0 | -€6,888 | -100.0% |
| Cash at bank and in hand | 54/58 | €84,020 | €111,426 | +€27,406 | +32.6% |
| Deferred charges and accrued income | 490/1 | €2,746 | €3,467 | +€721 | +26.3% |
| Total equity and liabilities | 10/49 | €95,892 | €134,165 | +€38,273 | +39.9% |
| Equity | 10/15 | €20,460 | €20,460 | = | 0.0% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €1,860 | €1,860 | = | 0.0% |
| Non-distributable reserves | 130/1 | €1,860 | €1,860 | = | 0.0% |
| Reserves not available under the articles | 1311 | €1,860 | €1,860 | = | 0.0% |
| Profit (loss) carried forward | 14 | €0 | €0 | = | |
| Amounts payable | 17/49 | €75,432 | €113,705 | +€38,273 | +50.7% |
| Amounts payable within one year | 42/48 | €75,432 | €113,705 | +€38,273 | +50.7% |
| Financial debts | 43 | €0 | - | = | |
| Other loans | 439 | €0 | - | = | |
| Trade debts | 44 | €3 | €436 | +€433 | +14152.6% |
| Suppliers | 440/4 | €3 | €436 | +€433 | +14152.6% |
| Taxes, remuneration and social security | 45 | €2,771 | €16,400 | +€13,629 | +491.8% |
| Taxes | 450/3 | €2,771 | €16,400 | +€13,629 | +491.8% |
| Other amounts payable | 47/48 | €72,658 | €96,870 | +€24,212 | +33.3% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €1,547 | €1,237 | -€311 | -20.1% |
| Other operating charges | 640/8 | €2,799 | €928 | -€1,871 | -66.8% |
| Gross operating margin | 9900 | €101,109 | €132,775 | +€31,666 | +31.3% |
| Operating profit (loss) | 9901 | €96,763 | €130,610 | +€33,847 | +35.0% |
| Financial income | 75/76B | - | €10 | +€10 | |
| Recurring financial income | 75 | - | €10 | +€10 | |
| Financial charges | 65/66B | €1,199 | €903 | -€296 | -24.7% |
| Recurring financial charges | 65 | €1,199 | €903 | -€296 | -24.7% |
| Profit (loss) for the period before taxes | 9903 | €95,564 | €129,717 | +€34,152 | +35.7% |
| Income taxes | 67/77 | €24,112 | €33,559 | +€9,447 | +39.2% |
| Profit (loss) for the period | 9904 | €71,452 | €96,157 | +€24,705 | +34.6% |
| Profit (loss) for the period to be appropriated | 9905 | €71,452 | €96,157 | +€24,705 | +34.6% |
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 2 October 2026 via checked.be.