High Hat: 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.
High Hat
Largest movements
- Cash -€13,854
down €13,854 (-14.8%), from €93,421 to €79,568
mainly Investment in fixed assets (net) (-€19,872) and Net result for the year (-€9,798)
- Stocks and contracts -€2,587
down €2,587 (-79.6%), from €3,249 to €662
- Tangible fixed assets +€2,293
up €2,293 (+8.3%), from €27,546 to €29,839
of which Plant, machinery and equipment: +€2,307
- Deferred charges and accrued income +€2,137
up €2,137 (+801%), from €267 to €2,404
- Profit (loss) carried forward -€9,798
down €9,798 (-8.4%), from €117,149 to €107,351
- Trade debts -€2,199
down €2,199 (-75.7%), from €2,905 to €706
- Turnover -€193,013
no longer reported in 2025 (was €193,013)
- Purchases and services -€122,261
no longer reported in 2025 (was €122,261)
- Gross operating margin -€11,257
down €11,257 (-14.0%), from €80,403 to €69,145
- Depreciation +€4,405
up €4,405 (+33.4%), from €13,173 to €17,578
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 | €130,414 | €117,749 | -€12,665 | -9.7% |
| Fixed assets | 21/28 | €27,546 | €29,839 | +€2,293 | +8.3% |
| Tangible fixed assets | 22/27 | €27,546 | €29,839 | +€2,293 | +8.3% |
| Plant, machinery and equipment | 23 | €14,946 | €17,253 | +€2,307 | +15.4% |
| Furniture and vehicles | 24 | €12,600 | €12,586 | -€14 | -0.1% |
| Current assets | 29/58 | €102,868 | €87,910 | -€14,958 | -14.5% |
| Stocks and contracts in progress | 3 | €3,249 | €662 | -€2,587 | -79.6% |
| Stocks | 30/36 | €3,249 | €662 | -€2,587 | -79.6% |
| Amounts receivable within one year | 40/41 | €5,931 | €5,276 | -€655 | -11.0% |
| Trade receivables | 40 | €4,553 | €3,626 | -€927 | -20.4% |
| Other amounts receivable | 41 | €1,379 | €1,650 | +€272 | +19.7% |
| Cash at bank and in hand | 54/58 | €93,421 | €79,568 | -€13,854 | -14.8% |
| Deferred charges and accrued income | 490/1 | €267 | €2,404 | +€2,137 | +801% |
| Total equity and liabilities | 10/49 | €130,414 | €117,749 | -€12,665 | -9.7% |
| Equity | 10/15 | €117,149 | €107,351 | -€9,798 | -8.4% |
| Profit (loss) carried forward | 14 | €117,149 | €107,351 | -€9,798 | -8.4% |
| Amounts payable | 17/49 | €13,265 | €10,399 | -€2,867 | -21.6% |
| Amounts payable within one year | 42/48 | €13,265 | €9,954 | -€3,311 | -25.0% |
| Trade debts | 44 | €2,905 | €706 | -€2,199 | -75.7% |
| Suppliers | 440/4 | €2,905 | €706 | -€2,199 | -75.7% |
| Taxes, remuneration and social security | 45 | €10,360 | €9,248 | -€1,112 | -10.7% |
| Taxes | 450/3 | €1,635 | €1,156 | -€479 | -29.3% |
| Remuneration and social security | 454/9 | €8,725 | €8,092 | -€633 | -7.3% |
| Accrued charges and deferred income | 492/3 | - | €445 | +€445 | |
| Turnover | 70 | €193,013 | - | -€193,013 | |
| Membership fees, donations, legacies and grants | 73 | €8,050 | - | -€8,050 | |
| Goods, raw materials, services and sundry goods | 60/61 | €122,261 | - | -€122,261 | |
| Remuneration, social security and pensions | 62 | €52,654 | €51,782 | -€872 | -1.7% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €13,173 | €17,578 | +€4,405 | +33.4% |
| Other operating charges | 640/8 | €364 | €2,019 | +€1,655 | +455% |
| Non-recurring operating charges | 66A | - | €7,090 | +€7,090 | |
| Gross operating margin | 9900 | €80,403 | €69,145 | -€11,257 | -14.0% |
| Operating profit (loss) | 9901 | €14,211 | -€9,324 | -€23,535 | |
| Financial income | 75/76B | €1,349 | €42 | -€1,306 | -96.9% |
| Recurring financial income | 75 | €138 | €42 | -€96 | -69.6% |
| Non-recurring financial income | 76B | €1,210 | - | -€1,210 | |
| Financial charges | 65/66B | €479 | €516 | +€37 | +7.8% |
| Recurring financial charges | 65 | €479 | €516 | +€37 | +7.8% |
| Profit (loss) for the period before taxes | 9903 | €15,081 | -€9,798 | -€24,879 | |
| Profit (loss) for the period | 9904 | €15,081 | -€9,798 | -€24,879 | |
| Profit (loss) for the period to be appropriated | 9905 | €15,081 | -€9,798 | -€24,879 |
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 13 October 2026 via checked.be.