HIGH HERO TRUST: 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 HERO TRUST
Largest movements
- Stocks and contracts +€260,375
up €260,375 (+34.0%), from €765,350 to €1.0m
- Tangible fixed assets +€175,114
up €175,114 (+34.6%), from €505,641 to €680,754
of which Land and buildings: +€277,200
- Receivables within one year -€65,426
down €65,426 (-8.5%), from €770,028 to €704,603
of which Trade receivables: -€59,547
- Other debts +€430,284
up €430,284 (+530%), from €81,214 to €511,499
- Advances received -€410,000
no longer reported in 2024 (was €410,000)
- Current portion of long-term debt +€206,143
up €206,143 (+68.3%), from €302,000 to €508,143
- Trade debts +€80,176
up €80,176 (+99.3%), from €80,701 to €160,877
- Debts after one year +€48,178
new in 2024: €48,178
- Depreciation -€174,472
down €174,472 (-52.8%), from €330,208 to €155,736
- Gross operating margin -€167,005
down €167,005 (-45.4%), from €368,180 to €201,176
- Financial income +€39,796
up €39,796 (+280%), from €14,194 to €53,990
of which Non-recurring financial income: +€41,056
- Taxes +€27,028
up €27,028 (+691%), from €3,911 to €30,940
- Other operating charges -€6,727
down €6,727 (-72.5%), from €9,277 to €2,551
From the 2023 result to the 2024 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 2023 and 2024 balance sheets and the 2024 result: not a filed cash-flow statement. It shows where the money came from and went.
Every line side by side
| Line | Code | 2023 | 2024 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €2,976,119 | €3,334,324 | +€358,205 | +12.0% |
| Fixed assets | 21/28 | €540,129 | €715,242 | +€175,114 | +32.4% |
| Tangible fixed assets | 22/27 | €505,641 | €680,754 | +€175,114 | +34.6% |
| Land and buildings | 22 | €200,000 | €477,200 | +€277,200 | +139% |
| Plant, machinery and equipment | 23 | €150,141 | €91,375 | -€58,766 | -39.1% |
| Furniture and vehicles | 24 | €35,884 | €18,967 | -€16,917 | -47.1% |
| Other tangible fixed assets | 26 | €119,616 | €93,213 | -€26,403 | -22.1% |
| Financial fixed assets | 28 | €34,488 | €34,488 | = | 0.0% |
| Current assets | 29/58 | €2,435,990 | €2,619,081 | +€183,091 | +7.5% |
| Amounts receivable after more than one year | 29 | €680,000 | €680,000 | = | 0.0% |
| Other amounts receivable | 291 | €680,000 | €680,000 | = | 0.0% |
| Stocks and contracts in progress | 3 | €765,350 | €1,025,725 | +€260,375 | +34.0% |
| Stocks | 30/36 | €765,350 | €1,025,725 | +€260,375 | +34.0% |
| Amounts receivable within one year | 40/41 | €770,028 | €704,603 | -€65,426 | -8.5% |
| Trade receivables | 40 | €604,676 | €545,129 | -€59,547 | -9.8% |
| Other amounts receivable | 41 | €165,352 | €159,473 | -€5,879 | -3.6% |
| Cash at bank and in hand | 54/58 | €220,612 | €208,754 | -€11,858 | -5.4% |
| Total equity and liabilities | 10/49 | €2,976,119 | €3,334,324 | +€358,205 | +12.0% |
| Equity | 10/15 | €2,041,506 | €2,081,634 | +€40,127 | +2.0% |
| Contributions | 10/11 | €30,000 | €30,000 | = | 0.0% |
| Reserves | 13 | €1,025,365 | €1,065,365 | +€40,000 | +3.9% |
| Non-distributable reserves | 130/1 | €33,000 | €33,000 | = | 0.0% |
| Reserves not available under the articles | 1311 | €33,000 | €33,000 | = | 0.0% |
| Tax-exempt reserves | 132 | €142,365 | €142,365 | = | 0.0% |
| Distributable reserves | 133 | €850,000 | €890,000 | +€40,000 | +4.7% |
| Profit (loss) carried forward | 14 | €986,141 | €986,269 | +€127 | 0.0% |
| Amounts payable | 17/49 | €934,613 | €1,252,690 | +€318,078 | +34.0% |
| Amounts payable after more than one year | 17 | - | €48,178 | +€48,178 | |
| Financial debts | 170/4 | - | €48,178 | +€48,178 | |
| Amounts payable within one year | 42/48 | €934,613 | €1,204,512 | +€269,899 | +28.9% |
| Current portion of amounts payable after more than one year | 42 | €302,000 | €508,143 | +€206,143 | +68.3% |
| Trade debts | 44 | €80,701 | €160,877 | +€80,176 | +99.3% |
| Suppliers | 440/4 | €80,701 | €160,877 | +€80,176 | +99.3% |
| Advances received on contracts in progress | 46 | €410,000 | - | -€410,000 | |
| Taxes, remuneration and social security | 45 | €60,697 | €23,992 | -€36,704 | -60.5% |
| Taxes | 450/3 | €60,697 | €23,992 | -€36,704 | -60.5% |
| Other amounts payable | 47/48 | €81,214 | €511,499 | +€430,284 | +530% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €330,208 | €155,736 | -€174,472 | -52.8% |
| Other operating charges | 640/8 | €9,277 | €2,551 | -€6,727 | -72.5% |
| Gross operating margin | 9900 | €368,180 | €201,176 | -€167,005 | -45.4% |
| Operating profit (loss) | 9901 | €28,695 | €42,888 | +€14,194 | +49.5% |
| Financial income | 75/76B | €14,194 | €53,990 | +€39,796 | +280% |
| Recurring financial income | 75 | €5,250 | €3,990 | -€1,260 | -24.0% |
| Non-recurring financial income | 76B | €8,944 | €50,000 | +€41,056 | +459% |
| Financial charges | 65/66B | €25,296 | €25,811 | +€515 | +2.0% |
| Recurring financial charges | 65 | €6,743 | €25,811 | +€19,068 | +283% |
| Non-recurring financial charges | 66B | €18,553 | - | -€18,553 | |
| Profit (loss) for the period before taxes | 9903 | €17,592 | €71,067 | +€53,475 | +304% |
| Income taxes | 67/77 | €3,911 | €30,940 | +€27,028 | +691% |
| Profit (loss) for the period | 9904 | €13,681 | €40,127 | +€26,446 | +193% |
| Profit (loss) for the period to be appropriated | 9905 | €13,681 | €40,127 | +€26,446 | +193% |
Source: filed annual accounts (NBB), financial years ended 31 December 2023 and 31 December 2024. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 25 October 2026 via checked.be.