HIGH TECH & BUILDING RESEARCH: 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 TECH & BUILDING RESEARCH
Largest movements
- Tangible fixed assets -€30,280
down €30,280 (-3.0%), from €1.0m to €985,185
- Profit (loss) carried forward -€21,090
down €21,090 (-5.8%), from -€362,531 to -€383,621
- Reserves -€10,239
down €10,239 (-2.6%), from €398,472 to €388,233
of which Tax-exempt reserves: -€10,239
- Gross operating margin +€2,912
up €2,912 (+72.5%), from €4,015 to €6,927
- Financial charges +€331
up €331 (+3.8%), from €8,716 to €9,047
- Other operating charges +€170
up €170 (+5.6%), from €3,060 to €3,230
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 | €1,016,132 | €986,483 | -€29,649 | -2.9% |
| Fixed assets | 21/28 | €1,015,465 | €985,185 | -€30,280 | -3.0% |
| Tangible fixed assets | 22/27 | €1,015,465 | €985,185 | -€30,280 | -3.0% |
| Land and buildings | 22 | €1,015,465 | €985,185 | -€30,280 | -3.0% |
| Current assets | 29/58 | €667 | €1,298 | +€631 | +94.6% |
| Cash at bank and in hand | 54/58 | €173 | €1,298 | +€1,125 | +652% |
| Deferred charges and accrued income | 490/1 | €494 | - | -€494 | |
| Total equity and liabilities | 10/49 | €1,016,132 | €986,483 | -€29,649 | -2.9% |
| Equity | 10/15 | €97,914 | €66,585 | -€31,329 | -32.0% |
| Contributions | 10/11 | €61,973 | €61,973 | = | 0.0% |
| Capital | 10 | €61,973 | €61,973 | = | 0.0% |
| Issued capital | 100 | €61,973 | €61,973 | = | 0.0% |
| Reserves | 13 | €398,472 | €388,233 | -€10,239 | -2.6% |
| Non-distributable reserves | 130/1 | €6,197 | €6,197 | = | 0.0% |
| Legal reserve | 130 | €6,197 | €6,197 | = | 0.0% |
| Tax-exempt reserves | 132 | €243,229 | €232,990 | -€10,239 | -4.2% |
| Distributable reserves | 133 | €149,045 | €149,045 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€362,531 | -€383,621 | -€21,090 | -5.8% |
| Provisions and deferred taxes | 16 | €102,169 | €97,868 | -€4,301 | -4.2% |
| Deferred taxes | 168 | €102,169 | €97,868 | -€4,301 | -4.2% |
| Amounts payable | 17/49 | €816,049 | €822,030 | +€5,981 | +0.7% |
| Amounts payable within one year | 42/48 | €807,781 | €813,327 | +€5,546 | +0.7% |
| Trade debts | 44 | €225 | - | -€225 | |
| Suppliers | 440/4 | €225 | - | -€225 | |
| Other amounts payable | 47/48 | €807,556 | €813,327 | +€5,771 | +0.7% |
| Accrued charges and deferred income | 492/3 | €8,268 | €8,703 | +€435 | +5.3% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €30,280 | €30,280 | = | 0.0% |
| Other operating charges | 640/8 | €3,060 | €3,230 | +€170 | +5.6% |
| Gross operating margin | 9900 | €4,015 | €6,927 | +€2,912 | +72.5% |
| Operating profit (loss) | 9901 | -€29,325 | -€26,583 | +€2,742 | +9.4% |
| Financial charges | 65/66B | €8,716 | €9,047 | +€331 | +3.8% |
| Recurring financial charges | 65 | €8,716 | €9,047 | +€331 | +3.8% |
| Profit (loss) for the period before taxes | 9903 | -€38,041 | -€35,630 | +€2,411 | +6.3% |
| Transfer from deferred taxes | 780 | €4,301 | €4,301 | = | 0.0% |
| Profit (loss) for the period | 9904 | -€33,740 | -€31,329 | +€2,411 | +7.1% |
| Transfer from tax-exempt reserves | 789 | €10,239 | €10,239 | = | 0.0% |
| Profit (loss) for the period to be appropriated | 9905 | -€23,501 | -€21,090 | +€2,411 | +10.3% |
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.