HFT International: 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.
HFT International
Largest movements
- Tangible fixed assets -€1.5m
down €1.5m (-12.1%), from €12.0m to €10.6m
of which Leasing and similar rights: -€1.4m
- Deferred charges and accrued income -€1.4m
down €1.4m (-94.1%), from €1.5m to €87,022
- Receivables within one year +€1.0m
up €1.0m (+80.8%), from €1.2m to €2.3m
of which Trade receivables: +€926,565
- Profit (loss) carried forward -€3.1m
down €3.1m (-86.8%), from -€3.6m to -€6.7m
- Other debts +€1.2m
up €1.2m (+13.7%), from €8.8m to €10.0m
- Trade debts +€775,162
up €775,162 (+144%), from €539,208 to €1.3m
- Debts after one year -€720,603
down €720,603 (-8.7%), from €8.3m to €7.6m
- Gross operating margin -€2.3m
down €2.3m, from €1.5m to -€765,171
- Financial charges -€20,689
down €20,689 (-2.2%), from €927,980 to €907,292
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 | €14,764,242 | €12,909,938 | -€1.9m | -12.6% |
| Fixed assets | 21/28 | €12,017,967 | €10,565,081 | -€1.5m | -12.1% |
| Tangible fixed assets | 22/27 | €12,017,167 | €10,564,281 | -€1.5m | -12.1% |
| Plant, machinery and equipment | 23 | €7,989 | €5,102 | -€2,887 | -36.1% |
| Leasing and similar rights | 25 | €12,009,178 | €10,559,178 | -€1.4m | -12.1% |
| Financial fixed assets | 28 | €800 | €800 | = | 0.0% |
| Current assets | 29/58 | €2,746,275 | €2,344,858 | -€401,418 | -14.6% |
| Amounts receivable within one year | 40/41 | €1,248,317 | €2,256,648 | +€1.0m | +80.8% |
| Trade receivables | 40 | €1,230,082 | €2,156,648 | +€926,565 | +75.3% |
| Other amounts receivable | 41 | €18,235 | €100,000 | +€81,765 | +448% |
| Cash at bank and in hand | 54/58 | €23,585 | €1,189 | -€22,397 | -95.0% |
| Deferred charges and accrued income | 490/1 | €1,474,373 | €87,022 | -€1.4m | -94.1% |
| Total equity and liabilities | 10/49 | €14,764,242 | €12,909,938 | -€1.9m | -12.6% |
| Equity | 10/15 | -€3,578,409 | -€6,696,698 | -€3.1m | -87.1% |
| Contributions | 10/11 | €15,000 | €15,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€3,593,409 | -€6,711,698 | -€3.1m | -86.8% |
| Amounts payable | 17/49 | €18,342,651 | €19,606,636 | +€1.3m | +6.9% |
| Amounts payable after more than one year | 17 | €8,282,594 | €7,561,991 | -€720,603 | -8.7% |
| Financial debts | 170/4 | €8,282,594 | €7,561,991 | -€720,603 | -8.7% |
| Amounts payable within one year | 42/48 | €9,986,454 | €11,992,600 | +€2.0m | +20.1% |
| Current portion of amounts payable after more than one year | 42 | €686,573 | €720,603 | +€34,030 | +5.0% |
| Financial debts | 43 | - | €169 | +€169 | |
| Credit institutions | 430/8 | - | €169 | +€169 | |
| Trade debts | 44 | €539,208 | €1,314,370 | +€775,162 | +144% |
| Suppliers | 440/4 | €539,208 | €1,314,370 | +€775,162 | +144% |
| Advances received on contracts in progress | 46 | €541 | - | -€541 | |
| Other amounts payable | 47/48 | €8,760,132 | €9,957,458 | +€1.2m | +13.7% |
| Accrued charges and deferred income | 492/3 | €73,603 | €52,046 | -€21,558 | -29.3% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €1,452,887 | €1,452,887 | = | 0.0% |
| Other operating charges | 640/8 | €13,560 | €505 | -€13,054 | -96.3% |
| Gross operating margin | 9900 | €1,543,486 | -€765,171 | -€2.3m | |
| Operating profit (loss) | 9901 | €77,040 | -€2,218,563 | -€2.3m | |
| Financial income | 75/76B | €31 | €7,566 | +€7,534 | +24,017% |
| Recurring financial income | 75 | €31 | €7,566 | +€7,534 | +24,017% |
| Financial charges | 65/66B | €927,980 | €907,292 | -€20,689 | -2.2% |
| Recurring financial charges | 65 | €927,980 | €907,292 | -€20,689 | -2.2% |
| Profit (loss) for the period before taxes | 9903 | -€850,909 | -€3,118,289 | -€2.3m | -266% |
| Profit (loss) for the period | 9904 | -€850,909 | -€3,118,289 | -€2.3m | -266% |
| Profit (loss) for the period to be appropriated | 9905 | -€850,909 | -€3,118,289 | -€2.3m | -266% |
Source: filed annual accounts (NBB), financial years ended 30 June 2024 and 30 June 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 25 October 2026 via checked.be.