HIGHLINGTON: 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.
HIGHLINGTON
Largest movements
- Current investments +€32,120
up €32,120 (+13.1%), from €245,118 to €277,238
- Receivables within one year -€9,314
down €9,314 (-35.9%), from €25,975 to €16,661
of which Other amounts receivable: -€12,037
- Cash -€5,085
down €5,085 (-19.1%), from €26,642 to €21,558
mainly Current investments (-€32,120) and Other debts (-€28,912)
- Reserves +€46,155
up €46,155 (+17.2%), from €269,070 to €315,225
- Other debts -€28,912
down €28,912 (-59.0%), from €49,014 to €20,102
- Gross operating margin +€25,393
up €25,393 (+30.9%), from €82,117 to €107,510
- Taxes +€16,148
up €16,148 (+69.4%), from €23,262 to €39,411
- Financial charges -€1,118
down €1,118 (-23.6%), from €4,731 to €3,612
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 | €384,109 | €401,606 | +€17,496 | +4.6% |
| Fixed assets | 21/28 | €2,273 | €1,582 | -€691 | -30.4% |
| Tangible fixed assets | 22/27 | €2,273 | €1,582 | -€691 | -30.4% |
| Furniture and vehicles | 24 | €2,273 | €1,582 | -€691 | -30.4% |
| Current assets | 29/58 | €381,837 | €400,024 | +€18,187 | +4.8% |
| Amounts receivable after more than one year | 29 | €84,000 | €84,000 | = | 0.0% |
| Other amounts receivable | 291 | €84,000 | €84,000 | = | 0.0% |
| Amounts receivable within one year | 40/41 | €25,975 | €16,661 | -€9,314 | -35.9% |
| Trade receivables | 40 | €13,613 | €16,335 | +€2,723 | +20.0% |
| Other amounts receivable | 41 | €12,363 | €326 | -€12,037 | -97.4% |
| Current investments | 50/53 | €245,118 | €277,238 | +€32,120 | +13.1% |
| Cash at bank and in hand | 54/58 | €26,642 | €21,558 | -€5,085 | -19.1% |
| Deferred charges and accrued income | 490/1 | €101 | €567 | +€466 | +462.7% |
| Total equity and liabilities | 10/49 | €384,109 | €401,606 | +€17,496 | +4.6% |
| Equity | 10/15 | €287,670 | €333,825 | +€46,155 | +16.0% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €269,070 | €315,225 | +€46,155 | +17.2% |
| Distributable reserves | 133 | €269,070 | €315,225 | +€46,155 | +17.2% |
| Amounts payable | 17/49 | €96,439 | €67,780 | -€28,658 | -29.7% |
| Amounts payable after more than one year | 17 | €20,000 | €20,000 | = | 0.0% |
| Financial debts | 170/4 | €20,000 | €20,000 | = | 0.0% |
| Amounts payable within one year | 42/48 | €76,439 | €47,780 | -€28,658 | -37.5% |
| Trade debts | 44 | - | €605 | +€605 | |
| Suppliers | 440/4 | - | €605 | +€605 | |
| Taxes, remuneration and social security | 45 | €27,425 | €27,073 | -€351 | -1.3% |
| Taxes | 450/3 | €27,425 | €27,073 | -€351 | -1.3% |
| Other amounts payable | 47/48 | €49,014 | €20,102 | -€28,912 | -59.0% |
| Remuneration, social security and pensions | 62 | €1,500 | €2,000 | +€500 | +33.3% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €607 | €691 | +€84 | +13.8% |
| Other operating charges | 640/8 | €487 | €500 | +€12 | +2.5% |
| Gross operating margin | 9900 | €82,117 | €107,510 | +€25,393 | +30.9% |
| Operating profit (loss) | 9901 | €79,523 | €104,320 | +€24,797 | +31.2% |
| Financial income | 75/76B | €9,424 | €9,058 | -€366 | -3.9% |
| Recurring financial income | 75 | €9,424 | €9,058 | -€366 | -3.9% |
| Financial charges | 65/66B | €4,731 | €3,612 | -€1,118 | -23.6% |
| Recurring financial charges | 65 | €4,731 | €3,612 | -€1,118 | -23.6% |
| Profit (loss) for the period before taxes | 9903 | €84,216 | €109,766 | +€25,550 | +30.3% |
| Income taxes | 67/77 | €23,262 | €39,411 | +€16,148 | +69.4% |
| Profit (loss) for the period | 9904 | €60,954 | €70,355 | +€9,401 | +15.4% |
| Profit (loss) for the period to be appropriated | 9905 | €60,954 | €70,355 | +€9,401 | +15.4% |
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 8 October 2026 via checked.be.