HIGHLINE BRUSSELS SA: 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.
What changed
HIGHLINE BRUSSELS SA
NACE 68.122, Development of non-residential building projects
financial year 2025 compared with 2024filed annual accounts (NBB)
Net result for the year
-€448,760
2024 · -€434,737-€14,023
Equity
€407,132
2024 · €855,892-€448,760
Cash
€7,381
2024 · €4,998+€2,384
Balance sheet total
€19.1m
2024 · €18.0m+€1.1m
Largest movements
Assets
- Stocks and contracts +€1.0m
up €1.0m (+5.8%), from €18.0m to €19.0m
Equity and liabilities
- Other debts +€1.7m
up €1.7m (+17.8%), from €9.5m to €11.2m
- Profit (loss) carried forward -€448,760
down €448,760 (-263%), from -€170,848 to -€619,608
Income statement
- Goods and materials -€361,998
down €361,998 (-100%), from €361,998 to €0
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.
Result 2024
-€434,737
Other operating charges
-€15,892
Other operating items
-€135,383
Financial charges
+€137,252
Result 2025
-€448,760
raises the resultlowers the resultnot broken down further in the accounts
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.
From operations
+€2,384
Investment
€0
Financing
€0
Cash 2024
€4,998
From operations (derived)
+€2,384
Net result for the year
-€448,760
Stocks and contracts
-€1.0m
Smaller working-capital items
+€3,781
Deferred charges and accrued income
-€31,056
Trade debts
-€176,333
Other debts
+€1.7m
Cash 2025
€7,381
brings cash intakes cash out
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €17,993,385 | €19,062,118 | +€1.1m | +5.9% |
| Current assets | 29/58 | €17,993,385 | €19,062,118 | +€1.1m | +5.9% |
| Stocks and contracts in progress | 3 | €17,965,611 | €19,004,740 | +€1.0m | +5.8% |
| Stocks | 30/36 | €17,965,611 | €19,004,740 | +€1.0m | +5.8% |
| Property held for sale | 35 | €17,965,611 | €19,004,740 | +€1.0m | +5.8% |
| Amounts receivable within one year | 40/41 | €13,832 | €9,997 | -€3,835 | -27.7% |
| Other amounts receivable | 41 | €13,832 | €9,997 | -€3,835 | -27.7% |
| Cash at bank and in hand | 54/58 | €4,998 | €7,381 | +€2,384 | +47.7% |
| Deferred charges and accrued income | 490/1 | €8,944 | €40,000 | +€31,056 | +347% |
| Total equity and liabilities | 10/49 | €17,993,385 | €19,062,118 | +€1.1m | +5.9% |
| Equity | 10/15 | €855,892 | €407,132 | -€448,760 | -52.4% |
| Contributions | 10/11 | €1,000,000 | €1,000,000 | = | 0.0% |
| Capital | 10 | €1,000,000 | €1,000,000 | = | 0.0% |
| Issued capital | 100 | €1,000,000 | €1,000,000 | = | 0.0% |
| Reserves | 13 | €26,740 | €26,740 | = | 0.0% |
| Non-distributable reserves | 130/1 | €26,740 | €26,740 | = | 0.0% |
| Legal reserve | 130 | €26,740 | €26,740 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€170,848 | -€619,608 | -€448,760 | -263% |
| Amounts payable | 17/49 | €17,137,493 | €18,654,986 | +€1.5m | +8.9% |
| Amounts payable after more than one year | 17 | €0 | - | = | |
| Financial debts | 170/4 | €0 | - | = | |
| Credit institutions | 173 | €0 | - | = | |
| Amounts payable within one year | 42/48 | €17,136,612 | €18,654,159 | +€1.5m | +8.9% |
| Current portion of amounts payable after more than one year | 42 | €7,406,613 | €7,406,613 | = | 0.0% |
| Trade debts | 44 | €233,398 | €57,064 | -€176,333 | -75.6% |
| Suppliers | 440/4 | €233,398 | €57,064 | -€176,333 | -75.6% |
| Taxes, remuneration and social security | 45 | €0 | €0 | = | |
| Taxes | 450/3 | €0 | €0 | = | |
| Other amounts payable | 47/48 | €9,496,601 | €11,190,481 | +€1.7m | +17.8% |
| Accrued charges and deferred income | 492/3 | €881 | €827 | -€54 | -6.2% |
| Operating income | 70/76A | €1,510,871 | €1,101,313 | -€409,558 | -27.1% |
| Change in stocks of work in progress, finished goods and contracts in progress | 71 | €1,510,871 | €1,039,128 | -€471,743 | -31.2% |
| Other operating income | 74 | - | €62,185 | +€62,185 | |
| Operating charges | 60/66A | €1,082,142 | €823,859 | -€258,283 | -23.9% |
| Goods for resale, raw materials and consumables | 60 | €361,998 | €0 | -€361,998 | -100% |
| Purchases | 600/8 | €361,998 | €0 | -€361,998 | -100% |
| Services and other goods | 61 | €357,938 | €445,761 | +€87,823 | +24.5% |
| Other operating charges | 640/8 | €362,206 | €378,098 | +€15,892 | +4.4% |
| Operating profit (loss) | 9901 | €428,729 | €277,454 | -€151,275 | -35.3% |
| Financial charges | 65/66B | €863,466 | €726,214 | -€137,252 | -15.9% |
| Recurring financial charges | 65 | €863,466 | €726,214 | -€137,252 | -15.9% |
| Debt charges | 650 | €862,974 | €723,063 | -€139,911 | -16.2% |
| Other financial charges | 652/9 | €492 | €3,151 | +€2,659 | +541% |
| Profit (loss) for the period before taxes | 9903 | -€434,737 | -€448,760 | -€14,023 | -3.2% |
| Profit (loss) for the period | 9904 | -€434,737 | -€448,760 | -€14,023 | -3.2% |
| Profit (loss) for the period to be appropriated | 9905 | -€434,737 | -€448,760 | -€14,023 | -3.2% |
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 29 October 2026 via checked.be.