HIGH PEAKS: 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 PEAKS
Largest movements
- Cash +€167,592
up €167,592 (+38.4%), from €436,753 to €604,345
mainly Net result for the year (+€257,369) and Depreciation (+€77,572)
- Tangible fixed assets -€72,231
down €72,231 (-6.7%), from €1.1m to €1.0m
of which Other tangible fixed assets: -€61,393
- Receivables within one year -€58,522
down €58,522 (-59.3%), from €98,621 to €40,099
of which Other amounts receivable: -€64,407
- Financial fixed assets +€25,000
up €25,000 (+24.2%), from €103,487 to €128,487
- Reserves +€117,369
up €117,369 (+13.5%), from €869,365 to €986,733
- Other debts -€54,245
down €54,245 (-90.4%), from €60,000 to €5,755
- Tax, wage and social debts +€34,408
up €34,408 (+63.9%), from €53,879 to €88,287
- Debts after one year -€32,445
down €32,445 (-9.2%), from €350,865 to €318,420
- Financial income -€23,270
down €23,270 (-92.6%), from €25,127 to €1,858
- Taxes -€7,192
down €7,192 (-5.7%), from €126,252 to €119,059
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 | €1,719,044 | €1,781,450 | +€62,406 | +3.6% |
| Fixed assets | 21/28 | €1,176,326 | €1,129,095 | -€47,231 | -4.0% |
| Tangible fixed assets | 22/27 | €1,072,839 | €1,000,608 | -€72,231 | -6.7% |
| Furniture and vehicles | 24 | €96,647 | €85,809 | -€10,838 | -11.2% |
| Other tangible fixed assets | 26 | €976,192 | €914,799 | -€61,393 | -6.3% |
| Financial fixed assets | 28 | €103,487 | €128,487 | +€25,000 | +24.2% |
| Current assets | 29/58 | €542,718 | €652,354 | +€109,637 | +20.2% |
| Amounts receivable within one year | 40/41 | €98,621 | €40,099 | -€58,522 | -59.3% |
| Trade receivables | 40 | €34,214 | €40,099 | +€5,885 | +17.2% |
| Other amounts receivable | 41 | €64,407 | - | -€64,407 | |
| Cash at bank and in hand | 54/58 | €436,753 | €604,345 | +€167,592 | +38.4% |
| Deferred charges and accrued income | 490/1 | €7,344 | €7,910 | +€567 | +7.7% |
| Total equity and liabilities | 10/49 | €1,719,044 | €1,781,450 | +€62,406 | +3.6% |
| Equity | 10/15 | €1,213,919 | €1,331,287 | +€117,369 | +9.7% |
| Contributions | 10/11 | €14,260 | €14,260 | = | 0.0% |
| Reserves | 13 | €869,365 | €986,733 | +€117,369 | +13.5% |
| Distributable reserves | 133 | €869,365 | €986,733 | +€117,369 | +13.5% |
| Profit (loss) carried forward | 14 | €330,294 | €330,294 | = | 0.0% |
| Amounts payable | 17/49 | €505,125 | €450,162 | -€54,963 | -10.9% |
| Amounts payable after more than one year | 17 | €350,865 | €318,420 | -€32,445 | -9.2% |
| Financial debts | 170/4 | €350,865 | €318,420 | -€32,445 | -9.2% |
| Amounts payable within one year | 42/48 | €150,881 | €130,042 | -€20,838 | -13.8% |
| Current portion of amounts payable after more than one year | 42 | €32,075 | €32,445 | +€370 | +1.2% |
| Financial debts | 43 | €1,611 | €1,598 | -€13 | -0.8% |
| Credit institutions | 430/8 | €1,611 | €1,598 | -€13 | -0.8% |
| Trade debts | 44 | €3,316 | €1,958 | -€1,358 | -40.9% |
| Suppliers | 440/4 | €3,316 | €1,958 | -€1,358 | -40.9% |
| Taxes, remuneration and social security | 45 | €53,879 | €88,287 | +€34,408 | +63.9% |
| Taxes | 450/3 | €53,879 | €88,287 | +€34,408 | +63.9% |
| Other amounts payable | 47/48 | €60,000 | €5,755 | -€54,245 | -90.4% |
| Accrued charges and deferred income | 492/3 | €3,380 | €1,700 | -€1,680 | -49.7% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €78,751 | €77,572 | -€1,179 | -1.5% |
| Other operating charges | 640/8 | €3,028 | €2,829 | -€199 | -6.6% |
| Gross operating margin | 9900 | €459,869 | €459,592 | -€278 | -0.1% |
| Operating profit (loss) | 9901 | €378,090 | €379,190 | +€1,100 | +0.3% |
| Financial income | 75/76B | €25,127 | €1,858 | -€23,270 | -92.6% |
| Recurring financial income | 75 | €25,127 | €1,858 | -€23,270 | -92.6% |
| Financial charges | 65/66B | €5,498 | €4,621 | -€878 | -16.0% |
| Recurring financial charges | 65 | €5,498 | €4,621 | -€878 | -16.0% |
| Profit (loss) for the period before taxes | 9903 | €397,719 | €376,428 | -€21,291 | -5.4% |
| Income taxes | 67/77 | €126,252 | €119,059 | -€7,192 | -5.7% |
| Profit (loss) for the period | 9904 | €271,467 | €257,369 | -€14,099 | -5.2% |
| Profit (loss) for the period to be appropriated | 9905 | €271,467 | €257,369 | -€14,099 | -5.2% |
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 23 October 2026 via checked.be.