Higgs: 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.
Higgs
Largest movements
- Receivables within one year -€13,323
down €13,323 (-50.1%), from €26,607 to €13,284
of which Other amounts receivable: -€11,908
- Cash +€12,373
up €12,373 (+367%), from €3,372 to €15,745
mainly Receivables within one year (+€13,323) and Net result for the year (+€2,544)
- Trade debts -€4,539
no longer reported in 2025 (was €4,539)
- Reserves +€2,544
up €2,544 (+38.8%), from €6,552 to €9,096
- Tax, wage and social debts +€668
up €668 (+232%), from €288 to €956
- Other debts +€377
new in 2025: €377
- Gross operating margin +€3,080
up €3,080 (+504%), from €611 to €3,692
- Taxes +€956
new in 2025: €956
- Financial income +€457
new in 2025: €457
- Financial charges -€55
down €55 (-22.8%), from €243 to €187
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 | €29,979 | €29,029 | -€950 | -3.2% |
| Current assets | 29/58 | €29,979 | €29,029 | -€950 | -3.2% |
| Amounts receivable within one year | 40/41 | €26,607 | €13,284 | -€13,323 | -50.1% |
| Trade receivables | 40 | €4,401 | €2,986 | -€1,415 | -32.2% |
| Other amounts receivable | 41 | €22,205 | €10,297 | -€11,908 | -53.6% |
| Cash at bank and in hand | 54/58 | €3,372 | €15,745 | +€12,373 | +367% |
| Total equity and liabilities | 10/49 | €29,979 | €29,029 | -€950 | -3.2% |
| Equity | 10/15 | €25,152 | €27,696 | +€2,544 | +10.1% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €6,552 | €9,096 | +€2,544 | +38.8% |
| Distributable reserves | 133 | €6,552 | €9,096 | +€2,544 | +38.8% |
| Amounts payable | 17/49 | €4,827 | €1,333 | -€3,494 | -72.4% |
| Amounts payable within one year | 42/48 | €4,827 | €1,333 | -€3,494 | -72.4% |
| Trade debts | 44 | €4,539 | - | -€4,539 | |
| Suppliers | 440/4 | €4,539 | - | -€4,539 | |
| Taxes, remuneration and social security | 45 | €288 | €956 | +€668 | +232% |
| Taxes | 450/3 | €288 | €956 | +€668 | +232% |
| Other amounts payable | 47/48 | - | €377 | +€377 | |
| Other operating charges | 640/8 | €449 | €462 | +€12 | +2.8% |
| Gross operating margin | 9900 | €611 | €3,692 | +€3,080 | +504% |
| Operating profit (loss) | 9901 | €162 | €3,230 | +€3,068 | +1,892% |
| Financial income | 75/76B | - | €457 | +€457 | |
| Recurring financial income | 75 | - | €457 | +€457 | |
| Financial charges | 65/66B | €243 | €187 | -€55 | -22.8% |
| Recurring financial charges | 65 | €243 | €187 | -€55 | -22.8% |
| Profit (loss) for the period before taxes | 9903 | -€81 | €3,500 | +€3,581 | |
| Income taxes | 67/77 | - | €956 | +€956 | |
| Profit (loss) for the period | 9904 | -€81 | €2,544 | +€2,625 | |
| Profit (loss) for the period to be appropriated | 9905 | -€81 | €2,544 | +€2,625 |
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 27 October 2026 via checked.be.