High Tide: 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 Tide
Largest movements
- Financial fixed assets +€37,623
up €37,623 (+119%), from €31,495 to €69,117
- Cash +€16,986
up €16,986 (+62.0%), from €27,415 to €44,401
mainly Net result for the year (+€19,059) and Debts after one year (+€18,552)
- Reserves +€19,059
up €19,059 (+80.7%), from €23,609 to €42,668
- Debts after one year +€18,552
up €18,552 (+72.1%), from €25,742 to €44,293
- Other debts +€6,555
up €6,555 (+4,682%), from €140 to €6,695
- Tax, wage and social debts +€5,832
up €5,832 (+36.1%), from €16,161 to €21,993
of which Taxes: +€8,182
- Current portion of long-term debt +€3,631
up €3,631 (+91.5%), from €3,970 to €7,601
- Gross operating margin -€3,403
down €3,403 (-10.3%), from €33,185 to €29,782
- Financial charges +€1,843
up €1,843 (+417%), from €442 to €2,285
- Taxes -€1,286
down €1,286 (-15.2%), from €8,484 to €7,198
- Depreciation +€492
up €492 (+150%), from €329 to €820
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 | €73,861 | €126,750 | +€52,888 | +71.6% |
| Fixed assets | 21/28 | €33,628 | €70,430 | +€36,802 | +109% |
| Tangible fixed assets | 22/27 | €2,133 | €1,312 | -€820 | -38.5% |
| Furniture and vehicles | 24 | €2,133 | €1,312 | -€820 | -38.5% |
| Financial fixed assets | 28 | €31,495 | €69,117 | +€37,623 | +119% |
| Current assets | 29/58 | €40,234 | €56,320 | +€16,086 | +40.0% |
| Amounts receivable within one year | 40/41 | €12,819 | €11,919 | -€900 | -7.0% |
| Trade receivables | 40 | €12,819 | €11,916 | -€903 | -7.0% |
| Other amounts receivable | 41 | - | €3 | +€3 | |
| Cash at bank and in hand | 54/58 | €27,415 | €44,401 | +€16,986 | +62.0% |
| Total equity and liabilities | 10/49 | €73,861 | €126,750 | +€52,888 | +71.6% |
| Equity | 10/15 | €26,609 | €45,668 | +€19,059 | +71.6% |
| Contributions | 10/11 | €3,000 | €3,000 | = | 0.0% |
| Reserves | 13 | €23,609 | €42,668 | +€19,059 | +80.7% |
| Distributable reserves | 133 | €23,609 | €42,668 | +€19,059 | +80.7% |
| Amounts payable | 17/49 | €47,253 | €81,081 | +€33,829 | +71.6% |
| Amounts payable after more than one year | 17 | €25,742 | €44,293 | +€18,552 | +72.1% |
| Financial debts | 170/4 | €25,742 | €44,293 | +€18,552 | +72.1% |
| Amounts payable within one year | 42/48 | €21,511 | €36,788 | +€15,277 | +71.0% |
| Current portion of amounts payable after more than one year | 42 | €3,970 | €7,601 | +€3,631 | +91.5% |
| Trade debts | 44 | €1,240 | €499 | -€740 | -59.7% |
| Suppliers | 440/4 | €1,240 | €499 | -€740 | -59.7% |
| Taxes, remuneration and social security | 45 | €16,161 | €21,993 | +€5,832 | +36.1% |
| Taxes | 450/3 | €13,811 | €21,993 | +€8,182 | +59.2% |
| Remuneration and social security | 454/9 | €2,350 | - | -€2,350 | |
| Other amounts payable | 47/48 | €140 | €6,695 | +€6,555 | +4,682% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €329 | €820 | +€492 | +150% |
| Other operating charges | 640/8 | €322 | €419 | +€97 | +30.0% |
| Gross operating margin | 9900 | €33,185 | €29,782 | -€3,403 | -10.3% |
| Operating profit (loss) | 9901 | €32,535 | €28,543 | -€3,992 | -12.3% |
| Financial charges | 65/66B | €442 | €2,285 | +€1,843 | +417% |
| Recurring financial charges | 65 | €442 | €2,285 | +€1,843 | +417% |
| Profit (loss) for the period before taxes | 9903 | €32,093 | €26,258 | -€5,835 | -18.2% |
| Income taxes | 67/77 | €8,484 | €7,198 | -€1,286 | -15.2% |
| Profit (loss) for the period | 9904 | €23,609 | €19,059 | -€4,549 | -19.3% |
| Profit (loss) for the period to be appropriated | 9905 | €23,609 | €19,059 | -€4,549 | -19.3% |
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 18 October 2026 via checked.be.