HIGH TECH LASER: 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 TECH LASER
Largest movements
- Current investments +€193,696
up €193,696 (+31.6%), from €613,743 to €807,439
- Financial fixed assets -€89,693
down €89,693 (-18.4%), from €488,429 to €398,735
- Cash -€87,024
down €87,024 (-66.8%), from €130,206 to €43,182
mainly Current investments (-€193,696) and Other debts (-€73,589)
- Tangible fixed assets -€55,714
down €55,714 (-4.5%), from €1.2m to €1.2m
- Receivables within one year -€45,912
down €45,912 (-10.8%), from €426,011 to €380,099
of which Other amounts receivable: -€45,912
- Other debts -€73,589
down €73,589 (-45.7%), from €161,037 to €87,448
- Gross operating margin -€46,610
down €46,610 (-55.2%), from €84,495 to €37,885
- Financial charges +€9,900
up €9,900 (+48.9%), from €20,248 to €30,148
- Financial income -€3,614
down €3,614 (-7.0%), from €51,366 to €47,752
- Depreciation -€2,525
down €2,525 (-4.3%), from €58,240 to €55,714
- Taxes +€1,871
up €1,871 (+498.4%), from €375 to €2,246
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 | €2,895,310 | €2,816,716 | -€78,594 | -2.7% |
| Fixed assets | 21/28 | €1,721,116 | €1,575,709 | -€145,408 | -8.4% |
| Tangible fixed assets | 22/27 | €1,232,688 | €1,176,973 | -€55,714 | -4.5% |
| Land and buildings | 22 | €1,232,688 | €1,176,973 | -€55,714 | -4.5% |
| Financial fixed assets | 28 | €488,429 | €398,735 | -€89,693 | -18.4% |
| Current assets | 29/58 | €1,174,193 | €1,241,007 | +€66,813 | +5.7% |
| Amounts receivable within one year | 40/41 | €426,011 | €380,099 | -€45,912 | -10.8% |
| Trade receivables | 40 | €1,342 | €1,342 | = | 0.0% |
| Other amounts receivable | 41 | €424,669 | €378,757 | -€45,912 | -10.8% |
| Current investments | 50/53 | €613,743 | €807,439 | +€193,696 | +31.6% |
| Cash at bank and in hand | 54/58 | €130,206 | €43,182 | -€87,024 | -66.8% |
| Deferred charges and accrued income | 490/1 | €4,233 | €10,287 | +€6,054 | +143.0% |
| Total equity and liabilities | 10/49 | €2,895,310 | €2,816,716 | -€78,594 | -2.7% |
| Equity | 10/15 | €2,725,842 | €2,722,163 | -€3,679 | -0.1% |
| Contributions | 10/11 | €731,528 | €731,528 | = | 0.0% |
| Reserves | 13 | €322,397 | €322,397 | = | 0.0% |
| Non-distributable reserves | 130/1 | €47,143 | €47,143 | = | 0.0% |
| Reserves not available under the articles | 1311 | €47,143 | €47,143 | = | 0.0% |
| Tax-exempt reserves | 132 | €4,725 | €4,725 | = | 0.0% |
| Distributable reserves | 133 | €270,529 | €270,529 | = | 0.0% |
| Profit (loss) carried forward | 14 | €1,671,917 | €1,668,238 | -€3,679 | -0.2% |
| Amounts payable | 17/49 | €169,468 | €94,553 | -€74,915 | -44.2% |
| Amounts payable within one year | 42/48 | €169,468 | €94,553 | -€74,915 | -44.2% |
| Trade debts | 44 | €18 | €3,573 | +€3,555 | +19760.6% |
| Suppliers | 440/4 | €18 | €3,573 | +€3,555 | +19760.6% |
| Taxes, remuneration and social security | 45 | €8,413 | €3,532 | -€4,881 | -58.0% |
| Taxes | 450/3 | €8,413 | €3,532 | -€4,881 | -58.0% |
| Remuneration and social security | 454/9 | €0 | €0 | = | |
| Other amounts payable | 47/48 | €161,037 | €87,448 | -€73,589 | -45.7% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €58,240 | €55,714 | -€2,525 | -4.3% |
| Other operating charges | 640/8 | €1,172 | €1,208 | +€36 | +3.1% |
| Gross operating margin | 9900 | €84,495 | €37,885 | -€46,610 | -55.2% |
| Operating profit (loss) | 9901 | €25,084 | -€19,037 | -€44,121 | |
| Financial income | 75/76B | €51,366 | €47,752 | -€3,614 | -7.0% |
| Recurring financial income | 75 | €51,366 | €47,752 | -€3,614 | -7.0% |
| Financial charges | 65/66B | €20,248 | €30,148 | +€9,900 | +48.9% |
| Recurring financial charges | 65 | €20,248 | €30,148 | +€9,900 | +48.9% |
| Profit (loss) for the period before taxes | 9903 | €56,202 | -€1,433 | -€57,635 | |
| Income taxes | 67/77 | €375 | €2,246 | +€1,871 | +498.4% |
| Profit (loss) for the period | 9904 | €55,827 | -€3,679 | -€59,506 | |
| Profit (loss) for the period to be appropriated | 9905 | €55,827 | -€3,679 | -€59,506 |
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 4 October 2026 via checked.be.