Highbury: 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.
Highbury
Largest movements
- Current investments -€250,000
down €250,000 (-100%), from €250,000 to €0
- Cash +€63,744
up €63,744 (+152%), from €42,018 to €105,762
mainly Current investments (+€250,000) and Net result for the year (+€216,928)
- Receivables within one year +€50,000
up €50,000 (+33.3%), from €150,000 to €200,000
- Reserves -€117,130
down €117,130 (-35.1%), from €334,059 to €216,928
- Tax, wage and social debts -€21,328
down €21,328 (-21.3%), from €100,190 to €78,862
- Gross operating margin +€79,703
up €79,703 (+37.7%), from €211,402 to €291,105
- Taxes +€14,823
up €14,823 (+25.3%), from €58,533 to €73,356
- Financial income -€4,027
down €4,027 (-97.2%), from €4,142 to €115
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 | €445,232 | €306,139 | -€139,093 | -31.2% |
| Current assets | 29/58 | €445,232 | €306,139 | -€139,093 | -31.2% |
| Amounts receivable within one year | 40/41 | €150,000 | €200,000 | +€50,000 | +33.3% |
| Trade receivables | 40 | €150,000 | €200,000 | +€50,000 | +33.3% |
| Current investments | 50/53 | €250,000 | €0 | -€250,000 | -100% |
| Cash at bank and in hand | 54/58 | €42,018 | €105,762 | +€63,744 | +152% |
| Deferred charges and accrued income | 490/1 | €3,214 | €377 | -€2,837 | -88.3% |
| Total equity and liabilities | 10/49 | €445,232 | €306,139 | -€139,093 | -31.2% |
| Equity | 10/15 | €335,059 | €217,928 | -€117,130 | -35.0% |
| Contributions | 10/11 | €1,000 | €1,000 | = | 0.0% |
| Reserves | 13 | €334,059 | €216,928 | -€117,130 | -35.1% |
| Distributable reserves | 133 | €334,059 | €216,928 | -€117,130 | -35.1% |
| Profit (loss) carried forward | 14 | - | €0 | = | |
| Amounts payable | 17/49 | €110,173 | €88,211 | -€21,962 | -19.9% |
| Amounts payable within one year | 42/48 | €108,660 | €86,711 | -€21,950 | -20.2% |
| Trade debts | 44 | €33 | €400 | +€368 | +1,121% |
| Suppliers | 440/4 | €33 | €400 | +€368 | +1,121% |
| Taxes, remuneration and social security | 45 | €100,190 | €78,862 | -€21,328 | -21.3% |
| Taxes | 450/3 | €100,190 | €78,862 | -€21,328 | -21.3% |
| Other amounts payable | 47/48 | €8,438 | €7,449 | -€989 | -11.7% |
| Accrued charges and deferred income | 492/3 | €1,513 | €1,500 | -€13 | -0.8% |
| Other operating charges | 640/8 | €513 | €528 | +€14 | +2.8% |
| Gross operating margin | 9900 | €211,402 | €291,105 | +€79,703 | +37.7% |
| Operating profit (loss) | 9901 | €210,888 | €290,577 | +€79,689 | +37.8% |
| Financial income | 75/76B | €4,142 | €115 | -€4,027 | -97.2% |
| Recurring financial income | 75 | €4,142 | €115 | -€4,027 | -97.2% |
| Financial charges | 65/66B | €153 | €408 | +€255 | +166% |
| Recurring financial charges | 65 | €153 | €408 | +€255 | +166% |
| Profit (loss) for the period before taxes | 9903 | €214,878 | €290,284 | +€75,406 | +35.1% |
| Income taxes | 67/77 | €58,533 | €73,356 | +€14,823 | +25.3% |
| Profit (loss) for the period | 9904 | €156,345 | €216,928 | +€60,583 | +38.7% |
| Profit (loss) for the period to be appropriated | 9905 | €156,345 | €216,928 | +€60,583 | +38.7% |
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 22 October 2026 via checked.be.