HIGEOS: 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.
HIGEOS
Largest movements
- Current investments -€140,000
down €140,000 (-100.0%), from €140,000 to €0
- Cash +€137,024
up €137,024 (+3456.6%), from €3,964 to €140,988
mainly Current investments (+€140,000) and Receivables within one year (+€25,413)
- Receivables within one year -€25,413
down €25,413 (-82.8%), from €30,675 to €5,262
- Profit (loss) carried forward -€23,869
down €23,869 (-37.7%), from €63,324 to €39,455
- Accrued charges and deferred income -€4,253
down €4,253 (-100.0%), from €4,253 to €0
- Gross operating margin -€18,256
down €18,256 (-226.4%), from -€8,064 to -€26,320
- Financial income -€5,766
down €5,766 (-66.6%), from €8,662 to €2,896
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 | €174,639 | €146,250 | -€28,389 | -16.3% |
| Fixed assets | 21/28 | €0 | €0 | = | |
| Tangible fixed assets | 22/27 | €0 | €0 | = | |
| Furniture and vehicles | 24 | €0 | €0 | = | |
| Current assets | 29/58 | €174,639 | €146,250 | -€28,389 | -16.3% |
| Amounts receivable within one year | 40/41 | €30,675 | €5,262 | -€25,413 | -82.8% |
| Other amounts receivable | 41 | €30,675 | €5,262 | -€25,413 | -82.8% |
| Current investments | 50/53 | €140,000 | €0 | -€140,000 | -100.0% |
| Cash at bank and in hand | 54/58 | €3,964 | €140,988 | +€137,024 | +3456.6% |
| Total equity and liabilities | 10/49 | €174,639 | €146,250 | -€28,389 | -16.3% |
| Equity | 10/15 | €169,114 | €145,245 | -€23,869 | -14.1% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Capital | 10 | €18,600 | €18,600 | = | 0.0% |
| Issued capital | 100 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €87,189 | €87,189 | = | 0.0% |
| Non-distributable reserves | 130/1 | €1,860 | €1,860 | = | 0.0% |
| Legal reserve | 130 | €1,860 | €1,860 | = | 0.0% |
| Distributable reserves | 133 | €85,329 | €85,329 | = | 0.0% |
| Profit (loss) carried forward | 14 | €63,324 | €39,455 | -€23,869 | -37.7% |
| Amounts payable | 17/49 | €5,525 | €1,005 | -€4,520 | -81.8% |
| Amounts payable within one year | 42/48 | €1,272 | €1,005 | -€267 | -21.0% |
| Trade debts | 44 | €1,272 | €1,000 | -€272 | -21.4% |
| Suppliers | 440/4 | €1,272 | €1,000 | -€272 | -21.4% |
| Taxes, remuneration and social security | 45 | €0 | - | = | |
| Taxes | 450/3 | €0 | - | = | |
| Other amounts payable | 47/48 | - | €5 | +€5 | |
| Accrued charges and deferred income | 492/3 | €4,253 | €0 | -€4,253 | -100.0% |
| Other operating charges | 640/8 | €387 | €400 | +€12 | +3.2% |
| Gross operating margin | 9900 | -€8,064 | -€26,320 | -€18,256 | -226.4% |
| Operating profit (loss) | 9901 | -€8,451 | -€26,719 | -€18,268 | -216.2% |
| Financial income | 75/76B | €8,662 | €2,896 | -€5,766 | -66.6% |
| Recurring financial income | 75 | €8,662 | €2,896 | -€5,766 | -66.6% |
| Financial charges | 65/66B | €51 | €46 | -€5 | -10.1% |
| Recurring financial charges | 65 | €51 | €46 | -€5 | -10.1% |
| Profit (loss) for the period before taxes | 9903 | €160 | -€23,869 | -€24,029 | |
| Income taxes | 67/77 | €199 | - | -€199 | |
| Profit (loss) for the period | 9904 | -€38 | -€23,869 | -€23,831 | -62123.7% |
| Profit (loss) for the period to be appropriated | 9905 | -€38 | -€23,869 | -€23,831 | -62123.7% |
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 6 October 2026 via checked.be.