HIGHFIELD: 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.
HIGHFIELD
Largest movements
- Current investments -€617,767
down €617,767 (-6.5%), from €9.5m to €8.9m
- Cash +€248,310
up €248,310 (+46.8%), from €530,381 to €778,691
mainly Current investments (+€617,767) and Net result for the year (+€137,014)
- Tax, wage and social debts -€461,698
down €461,698 (-95.7%), from €482,460 to €20,761
- Financial income -€1.8m
down €1.8m (-78.6%), from €2.3m to €496,195
- Taxes -€441,139
down €441,139 (-80.6%), from €547,463 to €106,324
- Financial charges +€118,592
up €118,592, from -€8,008 to €110,584
- Other operating charges +€33,102
up €33,102 (+2042.9%), from €1,620 to €34,723
- Gross operating margin +€31,109
up €31,109 (+22.4%), from -€138,659 to -€107,550
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 | €10,063,761 | €9,724,024 | -€339,737 | -3.4% |
| Current assets | 29/58 | €10,063,761 | €9,724,024 | -€339,737 | -3.4% |
| Amounts receivable within one year | 40/41 | - | €33,800 | +€33,800 | |
| Other amounts receivable | 41 | - | €33,800 | +€33,800 | |
| Current investments | 50/53 | €9,523,724 | €8,905,957 | -€617,767 | -6.5% |
| Cash at bank and in hand | 54/58 | €530,381 | €778,691 | +€248,310 | +46.8% |
| Deferred charges and accrued income | 490/1 | €9,656 | €5,576 | -€4,080 | -42.3% |
| Total equity and liabilities | 10/49 | €10,063,761 | €9,724,024 | -€339,737 | -3.4% |
| Equity | 10/15 | €9,562,520 | €9,679,535 | +€117,014 | +1.2% |
| Contributions | 10/11 | €4,952,264 | €4,952,264 | = | 0.0% |
| Capital | 10 | €4,000,000 | €4,000,000 | = | 0.0% |
| Issued capital | 100 | €4,000,000 | €4,000,000 | = | 0.0% |
| Contributions outside capital | 11 | €952,264 | €952,264 | = | 0.0% |
| Share premium | 1100/10 | €952,264 | €952,264 | = | 0.0% |
| Reserves | 13 | €1,125,812 | €1,222,826 | +€97,014 | +8.6% |
| Non-distributable reserves | 130/1 | €1,125,812 | €1,059,251 | -€66,561 | -5.9% |
| Legal reserve | 130 | €400,000 | €400,000 | = | 0.0% |
| Other | 1319 | €725,812 | €659,251 | -€66,561 | -9.2% |
| Distributable reserves | 133 | - | €163,575 | +€163,575 | |
| Profit (loss) carried forward | 14 | €3,484,444 | €3,504,444 | +€20,000 | +0.6% |
| Amounts payable | 17/49 | €501,241 | €44,489 | -€456,752 | -91.1% |
| Amounts payable within one year | 42/48 | €489,544 | €44,489 | -€445,055 | -90.9% |
| Trade debts | 44 | €7,085 | €3,728 | -€3,357 | -47.4% |
| Suppliers | 440/4 | €7,085 | €3,728 | -€3,357 | -47.4% |
| Taxes, remuneration and social security | 45 | €482,460 | €20,761 | -€461,698 | -95.7% |
| Taxes | 450/3 | €482,460 | €20,761 | -€461,698 | -95.7% |
| Other amounts payable | 47/48 | - | €20,000 | +€20,000 | |
| Accrued charges and deferred income | 492/3 | €11,697 | - | -€11,697 | |
| Other operating charges | 640/8 | €1,620 | €34,723 | +€33,102 | +2042.9% |
| Gross operating margin | 9900 | -€138,659 | -€107,550 | +€31,109 | +22.4% |
| Operating profit (loss) | 9901 | -€140,279 | -€142,273 | -€1,993 | -1.4% |
| Financial income | 75/76B | €2,317,825 | €496,195 | -€1.8m | -78.6% |
| Recurring financial income | 75 | €2,317,825 | €496,195 | -€1.8m | -78.6% |
| Financial charges | 65/66B | -€8,008 | €110,584 | +€118,592 | |
| Recurring financial charges | 65 | -€8,008 | €110,584 | +€118,592 | |
| Profit (loss) for the period before taxes | 9903 | €2,185,554 | €243,339 | -€1.9m | -88.9% |
| Income taxes | 67/77 | €547,463 | €106,324 | -€441,139 | -80.6% |
| Profit (loss) for the period | 9904 | €1,638,091 | €137,014 | -€1.5m | -91.6% |
| Profit (loss) for the period to be appropriated | 9905 | €1,638,091 | €137,014 | -€1.5m | -91.6% |
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 12 October 2026 via checked.be.