HI-T: 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.
HI-T
Largest movements
- Intangible fixed assets +€38,759
up €38,759 (+14.0%), from €276,448 to €315,206
- Deferred charges and accrued income -€26,779
down €26,779 (-12.2%), from €219,802 to €193,022
- Receivables within one year -€18,869
down €18,869 (-17.8%), from €106,233 to €87,364
of which Trade receivables: -€12,792
- Reserves +€127,329
new in 2025: €127,329
- Profit (loss) carried forward -€89,165
down €89,165 (-100%), from €89,165 to €0
- Trade debts -€85,054
down €85,054 (-53.3%), from €159,502 to €74,448
- Accrued charges and deferred income +€35,087
up €35,087 (+8.9%), from €393,492 to €428,578
- Gross operating margin +€111,042
up €111,042 (+51.8%), from €214,359 to €325,401
- Depreciation +€33,197
up €33,197 (+87.2%), from €38,073 to €71,270
- Taxes +€14,982
up €14,982 (+2,284%), from €656 to €15,638
- Financial charges +€13,487
up €13,487 (+186%), from €7,252 to €20,739
of which Non-recurring financial charges: +€11,660
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 | €800,681 | €794,389 | -€6,292 | -0.8% |
| Fixed assets | 21/28 | €291,620 | €324,204 | +€32,584 | +11.2% |
| Intangible fixed assets | 21 | €276,448 | €315,206 | +€38,759 | +14.0% |
| Tangible fixed assets | 22/27 | €15,172 | €8,998 | -€6,175 | -40.7% |
| Plant, machinery and equipment | 23 | €832 | €562 | -€270 | -32.4% |
| Furniture and vehicles | 24 | €12,864 | €7,126 | -€5,738 | -44.6% |
| Other tangible fixed assets | 26 | €1,476 | €1,309 | -€167 | -11.3% |
| Current assets | 29/58 | €509,061 | €470,185 | -€38,876 | -7.6% |
| Stocks and contracts in progress | 3 | €3,153 | €4,034 | +€881 | +27.9% |
| Stocks | 30/36 | €3,153 | €4,034 | +€881 | +27.9% |
| Amounts receivable within one year | 40/41 | €106,233 | €87,364 | -€18,869 | -17.8% |
| Trade receivables | 40 | €55,085 | €42,293 | -€12,792 | -23.2% |
| Other amounts receivable | 41 | €51,148 | €45,071 | -€6,077 | -11.9% |
| Cash at bank and in hand | 54/58 | €179,873 | €185,765 | +€5,891 | +3.3% |
| Deferred charges and accrued income | 490/1 | €219,802 | €193,022 | -€26,779 | -12.2% |
| Total equity and liabilities | 10/49 | €800,681 | €794,389 | -€6,292 | -0.8% |
| Equity | 10/15 | €104,165 | €142,329 | +€38,164 | +36.6% |
| Contributions | 10/11 | €15,000 | €15,000 | = | 0.0% |
| Reserves | 13 | - | €127,329 | +€127,329 | |
| Distributable reserves | 133 | - | €127,329 | +€127,329 | |
| Profit (loss) carried forward | 14 | €89,165 | €0 | -€89,165 | -100% |
| Amounts payable | 17/49 | €696,516 | €652,060 | -€44,456 | -6.4% |
| Amounts payable after more than one year | 17 | €80,070 | €77,492 | -€2,578 | -3.2% |
| Financial debts | 170/4 | €80,070 | €77,492 | -€2,578 | -3.2% |
| Amounts payable within one year | 42/48 | €222,954 | €145,989 | -€76,965 | -34.5% |
| Current portion of amounts payable after more than one year | 42 | €2,448 | €2,578 | +€130 | +5.3% |
| Financial debts | 43 | €2,227 | €4,654 | +€2,427 | +109% |
| Credit institutions | 430/8 | €2,227 | €4,654 | +€2,427 | +109% |
| Trade debts | 44 | €159,502 | €74,448 | -€85,054 | -53.3% |
| Suppliers | 440/4 | €159,502 | €74,448 | -€85,054 | -53.3% |
| Taxes, remuneration and social security | 45 | €58,347 | €63,879 | +€5,532 | +9.5% |
| Taxes | 450/3 | €42,526 | €43,353 | +€827 | +1.9% |
| Remuneration and social security | 454/9 | €15,821 | €20,526 | +€4,705 | +29.7% |
| Other amounts payable | 47/48 | €430 | €430 | = | 0.0% |
| Accrued charges and deferred income | 492/3 | €393,492 | €428,578 | +€35,087 | +8.9% |
| Non-recurring operating income | 76A | €1,297 | €0 | -€1,297 | -100% |
| Remuneration, social security and pensions | 62 | €176,610 | €178,543 | +€1,933 | +1.1% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €38,073 | €71,270 | +€33,197 | +87.2% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | €0 | - | = | |
| Other operating charges | 640/8 | €1,356 | €1,283 | -€73 | -5.4% |
| Non-recurring operating charges | 66A | €0 | - | = | |
| Gross operating margin | 9900 | €214,359 | €325,401 | +€111,042 | +51.8% |
| Operating profit (loss) | 9901 | -€1,680 | €74,305 | +€75,984 | |
| Financial income | 75/76B | €880 | €236 | -€645 | -73.2% |
| Recurring financial income | 75 | €880 | €236 | -€645 | -73.2% |
| Financial charges | 65/66B | €7,252 | €20,739 | +€13,487 | +186% |
| Recurring financial charges | 65 | €7,252 | €9,078 | +€1,827 | +25.2% |
| Non-recurring financial charges | 66B | €0 | €11,660 | +€11,660 | |
| Profit (loss) for the period before taxes | 9903 | -€8,051 | €53,802 | +€61,852 | |
| Income taxes | 67/77 | €656 | €15,638 | +€14,982 | +2,284% |
| Profit (loss) for the period | 9904 | -€8,707 | €38,164 | +€46,871 | |
| Profit (loss) for the period to be appropriated | 9905 | -€8,707 | €38,164 | +€46,871 |
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 21 October 2026 via checked.be.