HGT Service: 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.
HGT Service
Largest movements
- Tangible fixed assets +€16,807
up €16,807 (+3,918%), from €429 to €17,236
- Receivables within one year +€10,013
up €10,013 (+131%), from €7,656 to €17,669
of which Other amounts receivable: +€12,058
- Cash -€4,105
down €4,105 (-45.1%), from €9,096 to €4,991
mainly Investment in fixed assets (net) (-€21,074) and Receivables within one year (-€10,013)
- Debts after one year +€15,138
new in 2025: €15,138
- Current portion of long-term debt +€3,998
new in 2025: €3,998
- Tax, wage and social debts +€1,837
up €1,837 (+66.6%), from €2,757 to €4,593
- Trade debts +€1,560
up €1,560 (+188%), from €831 to €2,391
- Gross operating margin -€4,936
down €4,936 (-36.8%), from €13,415 to €8,479
- Depreciation +€3,154
up €3,154 (+283%), from €1,113 to €4,267
- Taxes -€1,639
down €1,639 (-70.2%), from €2,335 to €696
- Financial income +€477
up €477 (+4,773,500%), from €0 to €477
- Financial charges +€383
up €383 (+71.7%), from €534 to €918
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 | €17,311 | €40,026 | +€22,715 | +131% |
| Fixed assets | 21/28 | €559 | €17,366 | +€16,807 | +3,007% |
| Tangible fixed assets | 22/27 | €429 | €17,236 | +€16,807 | +3,918% |
| Furniture and vehicles | 24 | €429 | €17,236 | +€16,807 | +3,918% |
| Financial fixed assets | 28 | €130 | €130 | = | 0.0% |
| Current assets | 29/58 | €16,752 | €22,660 | +€5,908 | +35.3% |
| Amounts receivable within one year | 40/41 | €7,656 | €17,669 | +€10,013 | +131% |
| Trade receivables | 40 | €4,876 | €2,831 | -€2,045 | -41.9% |
| Other amounts receivable | 41 | €2,780 | €14,838 | +€12,058 | +434% |
| Cash at bank and in hand | 54/58 | €9,096 | €4,991 | -€4,105 | -45.1% |
| Total equity and liabilities | 10/49 | €17,311 | €40,026 | +€22,715 | +131% |
| Equity | 10/15 | €13,723 | €13,906 | +€183 | +1.3% |
| Contributions | 10/11 | €7,500 | €7,500 | = | 0.0% |
| Reserves | 13 | €6,223 | €6,406 | +€183 | +2.9% |
| Distributable reserves | 133 | €6,223 | €6,406 | +€183 | +2.9% |
| Amounts payable | 17/49 | €3,588 | €26,120 | +€22,533 | +628% |
| Amounts payable after more than one year | 17 | - | €15,138 | +€15,138 | |
| Financial debts | 170/4 | - | €15,138 | +€15,138 | |
| Amounts payable within one year | 42/48 | €3,588 | €10,982 | +€7,394 | +206% |
| Current portion of amounts payable after more than one year | 42 | - | €3,998 | +€3,998 | |
| Trade debts | 44 | €831 | €2,391 | +€1,560 | +188% |
| Suppliers | 440/4 | €831 | €2,391 | +€1,560 | +188% |
| Taxes, remuneration and social security | 45 | €2,757 | €4,593 | +€1,837 | +66.6% |
| Taxes | 450/3 | €2,757 | €4,593 | +€1,837 | +66.6% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €1,113 | €4,267 | +€3,154 | +283% |
| Other operating charges | 640/8 | €3,210 | €2,893 | -€317 | -9.9% |
| Gross operating margin | 9900 | €13,415 | €8,479 | -€4,936 | -36.8% |
| Operating profit (loss) | 9901 | €9,092 | €1,319 | -€7,773 | -85.5% |
| Financial income | 75/76B | €0 | €477 | +€477 | +4,773,500% |
| Recurring financial income | 75 | €0 | €477 | +€477 | +4,773,500% |
| Financial charges | 65/66B | €534 | €918 | +€383 | +71.7% |
| Recurring financial charges | 65 | €534 | €918 | +€383 | +71.7% |
| Profit (loss) for the period before taxes | 9903 | €8,558 | €878 | -€7,679 | -89.7% |
| Income taxes | 67/77 | €2,335 | €696 | -€1,639 | -70.2% |
| Profit (loss) for the period | 9904 | €6,223 | €183 | -€6,040 | -97.1% |
| Profit (loss) for the period to be appropriated | 9905 | €6,223 | €183 | -€6,040 | -97.1% |
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 17 October 2026 via checked.be.