HigherGrounds: 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.
HigherGrounds
Largest movements
- Cash -€27,734
down €27,734 (-78.6%), from €35,277 to €7,543
mainly Contributions, distributions and other (-€120,643) and Tax, wage and social debts (-€11,678)
- Current investments -€12,659
down €12,659 (-90.2%), from €14,027 to €1,368
- Tangible fixed assets +€2,870
up €2,870 (+67.5%), from €4,252 to €7,122
of which Furniture and vehicles: +€3,819
- Profit (loss) carried forward -€55,140
no longer reported in 2025 (was €55,140)
- Other debts +€27,128
up €27,128 (+68.8%), from €39,408 to €66,536
- Tax, wage and social debts -€11,678
down €11,678 (-44.4%), from €26,296 to €14,618
- Current portion of long-term debt +€8,035
new in 2025: €8,035
- Debts after one year -€7,519
no longer reported in 2025 (was €7,519)
- Gross operating margin +€7,130
up €7,130 (+8.8%), from €80,612 to €87,742
- Financial income +€5,182
up €5,182 (+77343.7%), from €7 to €5,189
- Other operating charges +€1,149
up €1,149 (+122.9%), from €935 to €2,084
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 | €132,364 | €95,758 | -€36,605 | -27.7% |
| Fixed assets | 21/28 | €67,074 | €69,944 | +€2,870 | +4.3% |
| Tangible fixed assets | 22/27 | €4,252 | €7,122 | +€2,870 | +67.5% |
| Plant, machinery and equipment | 23 | €769 | - | -€769 | |
| Furniture and vehicles | 24 | €2,072 | €5,890 | +€3,819 | +184.3% |
| Other tangible fixed assets | 26 | €1,411 | €1,232 | -€180 | -12.7% |
| Financial fixed assets | 28 | €62,822 | €62,822 | = | 0.0% |
| Current assets | 29/58 | €65,289 | €25,814 | -€39,475 | -60.5% |
| Amounts receivable within one year | 40/41 | €15,985 | €16,903 | +€918 | +5.7% |
| Trade receivables | 40 | €15,985 | €16,420 | +€435 | +2.7% |
| Other amounts receivable | 41 | - | €483 | +€483 | |
| Current investments | 50/53 | €14,027 | €1,368 | -€12,659 | -90.2% |
| Cash at bank and in hand | 54/58 | €35,277 | €7,543 | -€27,734 | -78.6% |
| Total equity and liabilities | 10/49 | €132,364 | €95,758 | -€36,605 | -27.7% |
| Equity | 10/15 | €57,140 | €2,000 | -€55,140 | -96.5% |
| Contributions | 10/11 | €2,000 | €2,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | €55,140 | - | -€55,140 | |
| Amounts payable | 17/49 | €75,224 | €93,758 | +€18,534 | +24.6% |
| Amounts payable after more than one year | 17 | €7,519 | - | -€7,519 | |
| Financial debts | 170/4 | €7,519 | - | -€7,519 | |
| Amounts payable within one year | 42/48 | €67,705 | €93,758 | +€26,053 | +38.5% |
| Current portion of amounts payable after more than one year | 42 | - | €8,035 | +€8,035 | |
| Trade debts | 44 | €2,001 | €4,569 | +€2,567 | +128.3% |
| Suppliers | 440/4 | €2,001 | €4,569 | +€2,567 | +128.3% |
| Taxes, remuneration and social security | 45 | €26,296 | €14,618 | -€11,678 | -44.4% |
| Taxes | 450/3 | €26,296 | €14,618 | -€11,678 | -44.4% |
| Other amounts payable | 47/48 | €39,408 | €66,536 | +€27,128 | +68.8% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €2,866 | €3,286 | +€419 | +14.6% |
| Other operating charges | 640/8 | €935 | €2,084 | +€1,149 | +122.9% |
| Gross operating margin | 9900 | €80,612 | €87,742 | +€7,130 | +8.8% |
| Operating profit (loss) | 9901 | €76,811 | €82,373 | +€5,562 | +7.2% |
| Financial income | 75/76B | €7 | €5,189 | +€5,182 | +77343.7% |
| Recurring financial income | 75 | €7 | €5,189 | +€5,182 | +77343.7% |
| Financial charges | 65/66B | €617 | €668 | +€51 | +8.2% |
| Recurring financial charges | 65 | €617 | €668 | +€51 | +8.2% |
| Profit (loss) for the period before taxes | 9903 | €76,201 | €86,894 | +€10,693 | +14.0% |
| Income taxes | 67/77 | €21,061 | €21,390 | +€329 | +1.6% |
| Profit (loss) for the period | 9904 | €55,140 | €65,503 | +€10,364 | +18.8% |
| Profit (loss) for the period to be appropriated | 9905 | €55,140 | €65,503 | +€10,364 | +18.8% |
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 1 October 2026 via checked.be.