HIGH SYSTEMS: 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 SYSTEMS
Largest movements
- Intangible fixed assets +€241,047
up €241,047 (+3259.6%), from €7,395 to €248,442
- Receivables within one year +€50,874
up €50,874 (+23.3%), from €218,583 to €269,458
of which Trade receivables: +€49,986
- Stocks and contracts +€22,817
up €22,817 (+27.0%), from €84,603 to €107,420
- Tangible fixed assets -€14,666
down €14,666 (-13.2%), from €111,241 to €96,576
of which Plant, machinery and equipment: -€16,619
- Cash +€13,511
up €13,511 (+303.8%), from €4,448 to €17,959
mainly Trade debts (+€317,282) and Depreciation (+€29,513)
- Trade debts +€317,282
up €317,282 (+169.7%), from €186,922 to €504,205
- Tax, wage and social debts -€49,460
down €49,460 (-36.9%), from €134,058 to €84,599
of which Remuneration and social security: -€57,116
- Profit (loss) carried forward +€26,971
up €26,971 (+7.2%), from -€375,856 to -€348,885
- Other debts +€15,000
up €15,000 (+35.9%), from €41,752 to €56,752
- Gross operating margin +€111,623
up €111,623 (+33.3%), from €335,232 to €446,855
- Staff costs -€79,010
down €79,010 (-18.9%), from €418,991 to €339,981
- Financial charges +€17,510
up €17,510 (+74.2%), from €23,603 to €41,114
- Other operating charges +€4,923
up €4,923 (+116.8%), from €4,216 to €9,140
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.
Cash bridge derived
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 | €437,501 | €747,296 | +€309,794 | +70.8% |
| Fixed assets | 21/28 | €119,715 | €346,018 | +€226,303 | +189.0% |
| Intangible fixed assets | 21 | €7,395 | €248,442 | +€241,047 | +3259.6% |
| Tangible fixed assets | 22/27 | €111,241 | €96,576 | -€14,666 | -13.2% |
| Plant, machinery and equipment | 23 | €69,930 | €53,311 | -€16,619 | -23.8% |
| Furniture and vehicles | 24 | €5,061 | €12,754 | +€7,693 | +152.0% |
| Other tangible fixed assets | 26 | €36,251 | €30,511 | -€5,740 | -15.8% |
| Financial fixed assets | 28 | €1,079 | €1,000 | -€79 | -7.3% |
| Current assets | 29/58 | €317,787 | €401,278 | +€83,491 | +26.3% |
| Stocks and contracts in progress | 3 | €84,603 | €107,420 | +€22,817 | +27.0% |
| Stocks | 30/36 | €84,603 | €107,420 | +€22,817 | +27.0% |
| Amounts receivable within one year | 40/41 | €218,583 | €269,458 | +€50,874 | +23.3% |
| Trade receivables | 40 | €205,495 | €255,481 | +€49,986 | +24.3% |
| Other amounts receivable | 41 | €13,089 | €13,977 | +€888 | +6.8% |
| Current investments | 50/53 | €310 | €310 | = | 0.0% |
| Cash at bank and in hand | 54/58 | €4,448 | €17,959 | +€13,511 | +303.8% |
| Deferred charges and accrued income | 490/1 | €9,842 | €6,131 | -€3,711 | -37.7% |
| Total equity and liabilities | 10/49 | €437,501 | €747,296 | +€309,794 | +70.8% |
| Equity | 10/15 | €74,769 | €101,740 | +€26,971 | +36.1% |
| Contributions | 10/11 | €328,750 | €328,750 | = | 0.0% |
| Reserves | 13 | €121,875 | €121,875 | = | 0.0% |
| Non-distributable reserves | 130/1 | €1,875 | €1,875 | = | 0.0% |
| Reserves not available under the articles | 1311 | €1,875 | €1,875 | = | 0.0% |
| Distributable reserves | 133 | €120,000 | €120,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€375,856 | -€348,885 | +€26,971 | +7.2% |
| Amounts payable | 17/49 | €362,732 | €645,555 | +€282,823 | +78.0% |
| Amounts payable within one year | 42/48 | €362,732 | €645,555 | +€282,823 | +78.0% |
| Financial debts | 43 | €0 | - | = | |
| Credit institutions | 430/8 | €0 | - | = | |
| Trade debts | 44 | €186,922 | €504,205 | +€317,282 | +169.7% |
| Suppliers | 440/4 | €186,922 | €504,205 | +€317,282 | +169.7% |
| Taxes, remuneration and social security | 45 | €134,058 | €84,599 | -€49,460 | -36.9% |
| Taxes | 450/3 | €422 | €8,079 | +€7,656 | +1812.2% |
| Remuneration and social security | 454/9 | €133,636 | €76,520 | -€57,116 | -42.7% |
| Other amounts payable | 47/48 | €41,752 | €56,752 | +€15,000 | +35.9% |
| Remuneration, social security and pensions | 62 | €418,991 | €339,981 | -€79,010 | -18.9% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €33,069 | €29,513 | -€3,556 | -10.8% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | -€372 | - | +€372 | |
| Other operating charges | 640/8 | €4,216 | €9,140 | +€4,923 | +116.8% |
| Gross operating margin | 9900 | €335,232 | €446,855 | +€111,623 | +33.3% |
| Operating profit (loss) | 9901 | -€120,672 | €68,222 | +€188,894 | |
| Financial income | 75/76B | €1,213 | €341 | -€873 | -71.9% |
| Recurring financial income | 75 | €1,213 | €341 | -€873 | -71.9% |
| Financial charges | 65/66B | €23,603 | €41,114 | +€17,510 | +74.2% |
| Recurring financial charges | 65 | €23,603 | €41,114 | +€17,510 | +74.2% |
| Profit (loss) for the period before taxes | 9903 | -€143,062 | €27,449 | +€170,511 | |
| Income taxes | 67/77 | €198 | €477 | +€279 | +140.5% |
| Profit (loss) for the period | 9904 | -€143,261 | €26,971 | +€170,232 | |
| Profit (loss) for the period to be appropriated | 9905 | -€143,261 | €26,971 | +€170,232 |
Source: filed annual accounts (NBB), fiscal years ended 31 December 2023 and 31 December 2024. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 30 September 2026 via checked.be.