HIGHNOVE: 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.
HIGHNOVE
Largest movements
- Receivables within one year +€16,865
up €16,865 (+20.0%), from €84,290 to €101,155
of which Trade receivables: +€17,174
- Tangible fixed assets -€8,773
down €8,773 (-51.3%), from €17,118 to €8,345
of which Plant, machinery and equipment: -€8,615
- Deferred charges and accrued income +€2,889
up €2,889 (+81.3%), from €3,551 to €6,439
- Cash +€2,429
up €2,429 (+11.9%), from €20,374 to €22,803
mainly Other debts (+€112,171) and Net result for the year (+€58,419)
- Intangible fixed assets -€2,000
down €2,000 (-16.7%), from €11,995 to €9,995
- Contributions -€174,999
down €174,999 (-100.0%), from €175,000 to €1
- Other debts +€112,171
up €112,171, from €0 to €112,171
- Profit (loss) carried forward +€55,388
up €55,388, from -€55,388 to €0
- Tax, wage and social debts +€19,125
up €19,125 (+158.0%), from €12,102 to €31,227
- Reserves +€3,030
new in 2025: €3,030
- Gross operating margin +€32,026
up €32,026 (+55.2%), from €58,068 to €90,093
- Taxes +€15,466
up €15,466 (+2901.5%), from €533 to €15,999
- Financial charges -€2,168
down €2,168 (-46.2%), from €4,692 to €2,524
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 | €137,409 | €148,818 | +€11,409 | +8.3% |
| Fixed assets | 21/28 | €29,194 | €18,420 | -€10,773 | -36.9% |
| Intangible fixed assets | 21 | €11,995 | €9,995 | -€2,000 | -16.7% |
| Tangible fixed assets | 22/27 | €17,118 | €8,345 | -€8,773 | -51.3% |
| Plant, machinery and equipment | 23 | €15,997 | €7,382 | -€8,615 | -53.9% |
| Furniture and vehicles | 24 | €1,121 | €963 | -€158 | -14.1% |
| Financial fixed assets | 28 | €81 | €81 | = | 0.0% |
| Current assets | 29/58 | €108,215 | €130,397 | +€22,182 | +20.5% |
| Amounts receivable within one year | 40/41 | €84,290 | €101,155 | +€16,865 | +20.0% |
| Trade receivables | 40 | €63,014 | €80,188 | +€17,174 | +27.3% |
| Other amounts receivable | 41 | €21,276 | €20,967 | -€309 | -1.5% |
| Cash at bank and in hand | 54/58 | €20,374 | €22,803 | +€2,429 | +11.9% |
| Deferred charges and accrued income | 490/1 | €3,551 | €6,439 | +€2,889 | +81.3% |
| Total equity and liabilities | 10/49 | €137,409 | €148,818 | +€11,409 | +8.3% |
| Equity | 10/15 | €119,612 | €3,031 | -€116,580 | -97.5% |
| Contributions | 10/11 | €175,000 | €1 | -€174,999 | -100.0% |
| Reserves | 13 | - | €3,030 | +€3,030 | |
| Distributable reserves | 133 | - | €3,030 | +€3,030 | |
| Profit (loss) carried forward | 14 | -€55,388 | €0 | +€55,388 | |
| Amounts payable | 17/49 | €17,797 | €145,786 | +€127,989 | +719.2% |
| Amounts payable within one year | 42/48 | €17,096 | €145,786 | +€128,690 | +752.8% |
| Financial debts | 43 | €0 | - | = | |
| Credit institutions | 430/8 | €0 | - | = | |
| Trade debts | 44 | €4,994 | €2,388 | -€2,605 | -52.2% |
| Suppliers | 440/4 | €4,994 | €2,388 | -€2,605 | -52.2% |
| Taxes, remuneration and social security | 45 | €12,102 | €31,227 | +€19,125 | +158.0% |
| Taxes | 450/3 | €12,102 | €31,227 | +€19,125 | +158.0% |
| Other amounts payable | 47/48 | €0 | €112,171 | +€112,171 | |
| Accrued charges and deferred income | 492/3 | €701 | €0 | -€701 | -100.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €11,802 | €12,367 | +€564 | +4.8% |
| Other operating charges | 640/8 | €990 | €785 | -€206 | -20.8% |
| Gross operating margin | 9900 | €58,068 | €90,093 | +€32,026 | +55.2% |
| Operating profit (loss) | 9901 | €45,275 | €76,942 | +€31,667 | +69.9% |
| Financial charges | 65/66B | €4,692 | €2,524 | -€2,168 | -46.2% |
| Recurring financial charges | 65 | €4,692 | €2,524 | -€2,168 | -46.2% |
| Profit (loss) for the period before taxes | 9903 | €40,583 | €74,418 | +€33,835 | +83.4% |
| Income taxes | 67/77 | €533 | €15,999 | +€15,466 | +2901.5% |
| Profit (loss) for the period | 9904 | €40,050 | €58,419 | +€18,369 | +45.9% |
| Profit (loss) for the period to be appropriated | 9905 | €40,050 | €58,419 | +€18,369 | +45.9% |
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 10 October 2026 via checked.be.