HIGH PROPERTY: 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 PROPERTY
Largest movements
- Receivables within one year -€63,344
down €63,344 (-93.4%), from €67,808 to €4,464
- Cash +€57,578
up €57,578 (+413.5%), from €13,926 to €71,504
mainly Receivables within one year (+€63,344) and Depreciation (+€19,137)
- Debts after one year -€30,734
down €30,734 (-7.1%), from €434,390 to €403,656
- Trade debts +€12,152
up €12,152, from €0 to €12,152
- Profit (loss) carried forward +€10,444
up €10,444 (+37.3%), from €27,984 to €38,428
- Gross operating margin -€14,179
down €14,179 (-23.6%), from €59,960 to €45,781
- Financial income -€4,099
down €4,099 (-65.6%), from €6,246 to €2,147
- Taxes -€3,358
down €3,358 (-61.8%), from €5,433 to €2,074
- Other operating charges +€3,235
up €3,235 (+137.9%), from €2,346 to €5,581
- Financial charges -€834
down €834 (-7.2%), from €11,525 to €10,691
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 | €582,402 | €572,274 | -€10,128 | -1.7% |
| Fixed assets | 21/28 | €500,668 | €496,306 | -€4,363 | -0.9% |
| Tangible fixed assets | 22/27 | €500,668 | €496,306 | -€4,363 | -0.9% |
| Land and buildings | 22 | €500,668 | €496,306 | -€4,363 | -0.9% |
| Current assets | 29/58 | €81,734 | €75,968 | -€5,765 | -7.1% |
| Amounts receivable within one year | 40/41 | €67,808 | €4,464 | -€63,344 | -93.4% |
| Other amounts receivable | 41 | €67,808 | €4,464 | -€63,344 | -93.4% |
| Cash at bank and in hand | 54/58 | €13,926 | €71,504 | +€57,578 | +413.5% |
| Total equity and liabilities | 10/49 | €582,402 | €572,274 | -€10,128 | -1.7% |
| Equity | 10/15 | €107,738 | €116,036 | +€8,297 | +7.7% |
| Contributions | 10/11 | €20,000 | €20,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | €27,984 | €38,428 | +€10,444 | +37.3% |
| Investment grants | 15 | €59,754 | €57,607 | -€2,147 | -3.6% |
| Amounts payable | 17/49 | €474,664 | €456,239 | -€18,425 | -3.9% |
| Amounts payable after more than one year | 17 | €434,390 | €403,656 | -€30,734 | -7.1% |
| Financial debts | 170/4 | €434,390 | €403,656 | -€30,734 | -7.1% |
| Amounts payable within one year | 42/48 | €35,293 | €47,445 | +€12,152 | +34.4% |
| Current portion of amounts payable after more than one year | 42 | €29,860 | €29,860 | = | 0.0% |
| Trade debts | 44 | €0 | €12,152 | +€12,152 | |
| Suppliers | 440/4 | €0 | €12,152 | +€12,152 | |
| Taxes, remuneration and social security | 45 | €5,433 | €5,433 | = | 0.0% |
| Taxes | 450/3 | €5,433 | €5,433 | = | 0.0% |
| Accrued charges and deferred income | 492/3 | €4,981 | €5,138 | +€157 | +3.2% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €18,927 | €19,137 | +€210 | +1.1% |
| Other operating charges | 640/8 | €2,346 | €5,581 | +€3,235 | +137.9% |
| Gross operating margin | 9900 | €59,960 | €45,781 | -€14,179 | -23.6% |
| Operating profit (loss) | 9901 | €38,688 | €21,063 | -€17,625 | -45.6% |
| Financial income | 75/76B | €6,246 | €2,147 | -€4,099 | -65.6% |
| Recurring financial income | 75 | €6,246 | €2,147 | -€4,099 | -65.6% |
| Financial charges | 65/66B | €11,525 | €10,691 | -€834 | -7.2% |
| Recurring financial charges | 65 | €11,525 | €10,691 | -€834 | -7.2% |
| Profit (loss) for the period before taxes | 9903 | €33,408 | €12,518 | -€20,890 | -62.5% |
| Income taxes | 67/77 | €5,433 | €2,074 | -€3,358 | -61.8% |
| Profit (loss) for the period | 9904 | €27,976 | €10,444 | -€17,532 | -62.7% |
| Profit (loss) for the period to be appropriated | 9905 | €27,976 | €10,444 | -€17,532 | -62.7% |
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 2 October 2026 via checked.be.