HIGH-T: 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-T
Largest movements
- Receivables within one year -€10,159
down €10,159 (-49.9%), from €20,345 to €10,187
of which Trade receivables: -€9,315
- Tangible fixed assets -€300
down €300 (-12.9%), from €2,320 to €2,020
of which Plant, machinery and equipment: -€300
- Profit (loss) carried forward -€12,904
down €12,904, from €11,222 to -€1,682
- Other debts +€3,699
new in 2025: €3,699
- Tax, wage and social debts -€977
down €977 (-12.1%), from €8,078 to €7,101
of which Taxes: -€977
- Trade debts -€531
down €531 (-28.7%), from €1,851 to €1,320
- Gross operating margin -€16,766
down €16,766, from €5,051 to -€11,715
- Other operating charges -€811
down €811 (-61.0%), from €1,331 to €520
- Financial charges +€159
up €159 (+146%), from €109 to €269
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 | €29,210 | €18,498 | -€10,712 | -36.7% |
| Fixed assets | 21/28 | €2,320 | €2,020 | -€300 | -12.9% |
| Tangible fixed assets | 22/27 | €2,320 | €2,020 | -€300 | -12.9% |
| Plant, machinery and equipment | 23 | €2,320 | €2,020 | -€300 | -12.9% |
| Furniture and vehicles | 24 | €0 | - | = | |
| Current assets | 29/58 | €26,890 | €16,478 | -€10,412 | -38.7% |
| Stocks and contracts in progress | 3 | €1,410 | €1,410 | = | 0.0% |
| Stocks | 30/36 | €1,410 | €1,410 | = | 0.0% |
| Amounts receivable within one year | 40/41 | €20,345 | €10,187 | -€10,159 | -49.9% |
| Trade receivables | 40 | €15,148 | €5,833 | -€9,315 | -61.5% |
| Other amounts receivable | 41 | €5,197 | €4,354 | -€843 | -16.2% |
| Cash at bank and in hand | 54/58 | €5,135 | €4,882 | -€253 | -4.9% |
| Total equity and liabilities | 10/49 | €29,210 | €18,498 | -€10,712 | -36.7% |
| Equity | 10/15 | €19,282 | €6,378 | -€12,904 | -66.9% |
| Contributions | 10/11 | €6,200 | €6,200 | = | 0.0% |
| Reserves | 13 | €1,860 | €1,860 | = | 0.0% |
| Distributable reserves | 133 | €1,860 | €1,860 | = | 0.0% |
| Profit (loss) carried forward | 14 | €11,222 | -€1,682 | -€12,904 | |
| Amounts payable | 17/49 | €9,928 | €12,120 | +€2,192 | +22.1% |
| Amounts payable within one year | 42/48 | €9,928 | €12,120 | +€2,192 | +22.1% |
| Trade debts | 44 | €1,851 | €1,320 | -€531 | -28.7% |
| Suppliers | 440/4 | €1,851 | €1,320 | -€531 | -28.7% |
| Taxes, remuneration and social security | 45 | €8,078 | €7,101 | -€977 | -12.1% |
| Taxes | 450/3 | €1,078 | €101 | -€977 | -90.6% |
| Remuneration and social security | 454/9 | €7,000 | €7,000 | = | 0.0% |
| Other amounts payable | 47/48 | - | €3,699 | +€3,699 | |
| Non-recurring operating income | 76A | - | €83 | +€83 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €300 | €300 | = | 0.0% |
| Other operating charges | 640/8 | €1,331 | €520 | -€811 | -61.0% |
| Gross operating margin | 9900 | €5,051 | -€11,715 | -€16,766 | |
| Operating profit (loss) | 9901 | €3,420 | -€12,535 | -€15,955 | |
| Financial income | 75/76B | - | €0 | +€0 | |
| Recurring financial income | 75 | - | €0 | +€0 | |
| Financial charges | 65/66B | €109 | €269 | +€159 | +146% |
| Recurring financial charges | 65 | €109 | €269 | +€159 | +146% |
| Profit (loss) for the period before taxes | 9903 | €3,311 | -€12,803 | -€16,114 | |
| Income taxes | 67/77 | €160 | €101 | -€59 | -37.0% |
| Profit (loss) for the period | 9904 | €3,151 | -€12,904 | -€16,055 | |
| Profit (loss) for the period to be appropriated | 9905 | €3,151 | -€12,904 | -€16,055 |
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 19 October 2026 via checked.be.