HIGH D: 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.
HIGH D
Largest movements
- Cash +€62,097
new in 2025: €62,097
mainly Deferred charges and accrued income (+€40,660) and Net result for the year (+€35,666)
- Deferred charges and accrued income -€40,660
no longer reported in 2025 (was €40,660)
- Tangible fixed assets -€9,897
down €9,897 (-35.1%), from €28,211 to €18,314
of which Furniture and vehicles: -€9,390
- Receivables within one year +€4,893
up €4,893 (+13.1%), from €37,220 to €42,113
of which Trade receivables: +€6,652
- Profit (loss) carried forward +€17,468
up €17,468 (+9.1%), from €191,465 to €208,933
- Gross operating margin -€7,128
down €7,128 (-11.3%), from €63,350 to €56,222
- Taxes -€3,497
down €3,497 (-20.8%), from €16,833 to €13,336
- Depreciation +€1,918
up €1,918 (+53.5%), from €3,586 to €5,504
- Other operating charges +€954
up €954 (+136.7%), from €698 to €1,652
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 | €232,341 | €248,774 | +€16,433 | +7.1% |
| Fixed assets | 21/28 | €154,461 | €144,564 | -€9,897 | -6.4% |
| Tangible fixed assets | 22/27 | €28,211 | €18,314 | -€9,897 | -35.1% |
| Furniture and vehicles | 24 | €19,435 | €10,045 | -€9,390 | -48.3% |
| Other tangible fixed assets | 26 | €8,776 | €8,269 | -€507 | -5.8% |
| Financial fixed assets | 28 | €126,250 | €126,250 | = | 0.0% |
| Current assets | 29/58 | €77,880 | €104,210 | +€26,330 | +33.8% |
| Amounts receivable within one year | 40/41 | €37,220 | €42,113 | +€4,893 | +13.1% |
| Trade receivables | 40 | €8,984 | €15,636 | +€6,652 | +74.0% |
| Other amounts receivable | 41 | €28,236 | €26,477 | -€1,759 | -6.2% |
| Cash at bank and in hand | 54/58 | - | €62,097 | +€62,097 | |
| Deferred charges and accrued income | 490/1 | €40,660 | - | -€40,660 | |
| Total equity and liabilities | 10/49 | €232,341 | €248,774 | +€16,433 | +7.1% |
| Equity | 10/15 | €211,925 | €229,393 | +€17,468 | +8.2% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Capital | 10 | €18,600 | - | -€18,600 | |
| Issued capital | 100 | €18,600 | - | -€18,600 | |
| Reserves | 13 | €1,860 | €1,860 | = | 0.0% |
| Non-distributable reserves | 130/1 | €1,860 | €1,860 | = | 0.0% |
| Legal reserve | 130 | €1,860 | - | -€1,860 | |
| Reserves not available under the articles | 1311 | - | €1,860 | +€1,860 | |
| Profit (loss) carried forward | 14 | €191,465 | €208,933 | +€17,468 | +9.1% |
| Amounts payable | 17/49 | €20,416 | €19,381 | -€1,035 | -5.1% |
| Amounts payable within one year | 42/48 | €20,416 | €19,381 | -€1,035 | -5.1% |
| Current portion of amounts payable after more than one year | 42 | €12,162 | €11,867 | -€295 | -2.4% |
| Trade debts | 44 | €4,024 | €2,838 | -€1,186 | -29.5% |
| Suppliers | 440/4 | €4,024 | €2,838 | -€1,186 | -29.5% |
| Taxes, remuneration and social security | 45 | €4,230 | €4,676 | +€446 | +10.5% |
| Taxes | 450/3 | €4,230 | €4,676 | +€446 | +10.5% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €3,586 | €5,504 | +€1,918 | +53.5% |
| Other operating charges | 640/8 | €698 | €1,652 | +€954 | +136.7% |
| Gross operating margin | 9900 | €63,350 | €56,222 | -€7,128 | -11.3% |
| Operating profit (loss) | 9901 | €59,066 | €49,066 | -€10,000 | -16.9% |
| Financial income | 75/76B | €655 | €345 | -€310 | -47.3% |
| Recurring financial income | 75 | €655 | €345 | -€310 | -47.3% |
| Financial charges | 65/66B | €599 | €409 | -€190 | -31.7% |
| Recurring financial charges | 65 | €599 | €409 | -€190 | -31.7% |
| Profit (loss) for the period before taxes | 9903 | €59,122 | €49,002 | -€10,120 | -17.1% |
| Income taxes | 67/77 | €16,833 | €13,336 | -€3,497 | -20.8% |
| Profit (loss) for the period | 9904 | €42,289 | €35,666 | -€6,623 | -15.7% |
| Profit (loss) for the period to be appropriated | 9905 | €42,289 | €35,666 | -€6,623 | -15.7% |
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 5 October 2026 via checked.be.