HIGH TEE: 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 TEE
Largest movements
- Receivables within one year +€102,727
up €102,727 (+93.5%), from €109,859 to €212,587
of which Trade receivables: +€94,375
- Intangible fixed assets +€55,580
up €55,580 (+3,363%), from €1,653 to €57,233
- Tangible fixed assets -€18,453
down €18,453 (-30.5%), from €60,484 to €42,030
of which Furniture and vehicles: -€18,240
- Deferred charges and accrued income -€7,958
down €7,958 (-43.5%), from €18,277 to €10,319
- Debts after one year +€65,808
up €65,808 (+258%), from €25,512 to €91,321
of which Other amounts payable: +€78,994
- Accrued charges and deferred income +€48,097
up €48,097 (+84,456%), from €57 to €48,154
- Trade debts +€27,592
up €27,592 (+685%), from €4,027 to €31,619
- Tax, wage and social debts -€25,840
down €25,840 (-52.3%), from €49,386 to €23,546
of which Taxes: -€31,473
- Profit (loss) carried forward +€17,158
up €17,158 (+12.3%), from €138,953 to €156,111
- Gross operating margin -€176,432
down €176,432 (-57.9%), from €304,846 to €128,414
- Financial income +€84,989
up €84,989 (+745,515%), from €11 to €85,000
of which Non-recurring financial income: +€85,000
- Taxes -€18,849
down €18,849 (-70.2%), from €26,836 to €7,988
- Staff costs -€6,870
down €6,870 (-4.1%), from €168,678 to €161,808
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 | €248,392 | €376,536 | +€128,145 | +51.6% |
| Formation expenses | 20 | €388 | €233 | -€155 | -39.9% |
| Fixed assets | 21/28 | €62,136 | €99,263 | +€37,127 | +59.8% |
| Intangible fixed assets | 21 | €1,653 | €57,233 | +€55,580 | +3,363% |
| Tangible fixed assets | 22/27 | €60,484 | €42,030 | -€18,453 | -30.5% |
| Furniture and vehicles | 24 | €58,634 | €40,394 | -€18,240 | -31.1% |
| Other tangible fixed assets | 26 | €1,849 | €1,636 | -€213 | -11.5% |
| Current assets | 29/58 | €185,867 | €277,040 | +€91,173 | +49.1% |
| Amounts receivable within one year | 40/41 | €109,859 | €212,587 | +€102,727 | +93.5% |
| Trade receivables | 40 | €109,203 | €203,578 | +€94,375 | +86.4% |
| Other amounts receivable | 41 | €656 | €9,009 | +€8,352 | +1,273% |
| Cash at bank and in hand | 54/58 | €57,731 | €54,134 | -€3,597 | -6.2% |
| Deferred charges and accrued income | 490/1 | €18,277 | €10,319 | -€7,958 | -43.5% |
| Total equity and liabilities | 10/49 | €248,392 | €376,536 | +€128,145 | +51.6% |
| Equity | 10/15 | €150,953 | €168,111 | +€17,158 | +11.4% |
| Contributions | 10/11 | €8,000 | €8,000 | = | 0.0% |
| Reserves | 13 | €4,000 | €4,000 | = | 0.0% |
| Distributable reserves | 133 | €4,000 | €4,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | €138,953 | €156,111 | +€17,158 | +12.3% |
| Amounts payable | 17/49 | €97,439 | €208,425 | +€110,987 | +114% |
| Amounts payable after more than one year | 17 | €25,512 | €91,321 | +€65,808 | +258% |
| Financial debts | 170/4 | €25,512 | €12,327 | -€13,186 | -51.7% |
| Other amounts payable | 178/9 | - | €78,994 | +€78,994 | |
| Amounts payable within one year | 42/48 | €71,869 | €68,950 | -€2,919 | -4.1% |
| Current portion of amounts payable after more than one year | 42 | €18,369 | €13,592 | -€4,776 | -26.0% |
| Trade debts | 44 | €4,027 | €31,619 | +€27,592 | +685% |
| Suppliers | 440/4 | €4,027 | €31,619 | +€27,592 | +685% |
| Taxes, remuneration and social security | 45 | €49,386 | €23,546 | -€25,840 | -52.3% |
| Taxes | 450/3 | €39,463 | €7,991 | -€31,473 | -79.8% |
| Remuneration and social security | 454/9 | €9,923 | €15,555 | +€5,632 | +56.8% |
| Other amounts payable | 47/48 | €88 | €194 | +€105 | +119% |
| Accrued charges and deferred income | 492/3 | €57 | €48,154 | +€48,097 | +84,456% |
| Remuneration, social security and pensions | 62 | €168,678 | €161,808 | -€6,870 | -4.1% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €20,262 | €23,076 | +€2,813 | +13.9% |
| Other operating charges | 640/8 | €2,560 | €2,088 | -€472 | -18.4% |
| Gross operating margin | 9900 | €304,846 | €128,414 | -€176,432 | -57.9% |
| Operating profit (loss) | 9901 | €113,345 | -€58,558 | -€171,903 | |
| Financial income | 75/76B | €11 | €85,000 | +€84,989 | +745,515% |
| Recurring financial income | 75 | €11 | €0 | -€11 | -99.3% |
| Non-recurring financial income | 76B | - | €85,000 | +€85,000 | |
| Financial charges | 65/66B | €2,630 | €1,296 | -€1,334 | -50.7% |
| Recurring financial charges | 65 | €2,630 | €1,296 | -€1,334 | -50.7% |
| Profit (loss) for the period before taxes | 9903 | €110,727 | €25,146 | -€85,581 | -77.3% |
| Income taxes | 67/77 | €26,836 | €7,988 | -€18,849 | -70.2% |
| Profit (loss) for the period | 9904 | €83,890 | €17,158 | -€66,732 | -79.5% |
| Profit (loss) for the period to be appropriated | 9905 | €83,890 | €17,158 | -€66,732 | -79.5% |
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 25 October 2026 via checked.be.