Highr: 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.
Highr
Largest movements
- Tangible fixed assets +€572,743
up €572,743 (+6217.6%), from €9,212 to €581,955
of which Land and buildings: +€529,148
- Cash -€15,536
down €15,536 (-18.6%), from €83,596 to €68,060
mainly Investment in fixed assets (net) (-€654,718) and Contributions, distributions and other (-€193,443)
- Receivables within one year -€14,798
down €14,798 (-26.6%), from €55,555 to €40,757
of which Trade receivables: -€30,222
- Debts after one year +€393,250
new in 2025: €393,250
- Other debts +€219,728
up €219,728 (+59500.0%), from €369 to €220,097
- Profit (loss) carried forward -€124,615
no longer reported in 2025 (was €124,615)
- Current portion of long-term debt +€37,567
new in 2025: €37,567
- Tax, wage and social debts +€13,509
up €13,509, from €0 to €13,509
of which Taxes: +€13,509
- Depreciation +€78,659
up €78,659 (+2372.1%), from €3,316 to €81,975
- Taxes -€17,574
down €17,574 (-49.3%), from €35,621 to €18,046
- Gross operating margin +€14,817
up €14,817 (+9.0%), from €164,009 to €178,826
- Financial charges +€7,128
up €7,128 (+296.3%), from €2,406 to €9,534
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 | €160,389 | €702,534 | +€542,144 | +338.0% |
| Formation expenses | 20 | €0 | - | = | |
| Fixed assets | 21/28 | €9,242 | €581,985 | +€572,743 | +6197.5% |
| Tangible fixed assets | 22/27 | €9,212 | €581,955 | +€572,743 | +6217.6% |
| Land and buildings | 22 | - | €529,148 | +€529,148 | |
| Plant, machinery and equipment | 23 | - | €45,389 | +€45,389 | |
| Furniture and vehicles | 24 | €9,212 | €7,418 | -€1,794 | -19.5% |
| Other tangible fixed assets | 26 | - | €0 | = | |
| Financial fixed assets | 28 | €30 | €30 | = | 0.0% |
| Current assets | 29/58 | €151,148 | €120,549 | -€30,599 | -20.2% |
| Amounts receivable within one year | 40/41 | €55,555 | €40,757 | -€14,798 | -26.6% |
| Trade receivables | 40 | €39,004 | €8,783 | -€30,222 | -77.5% |
| Other amounts receivable | 41 | €16,550 | €31,974 | +€15,424 | +93.2% |
| Cash at bank and in hand | 54/58 | €83,596 | €68,060 | -€15,536 | -18.6% |
| Deferred charges and accrued income | 490/1 | €11,997 | €11,733 | -€265 | -2.2% |
| Total equity and liabilities | 10/49 | €160,389 | €702,534 | +€542,144 | +338.0% |
| Equity | 10/15 | €143,215 | €18,600 | -€124,615 | -87.0% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Profit (loss) carried forward | 14 | €124,615 | - | -€124,615 | |
| Amounts payable | 17/49 | €17,175 | €683,934 | +€666,759 | +3882.2% |
| Amounts payable after more than one year | 17 | - | €393,250 | +€393,250 | |
| Financial debts | 170/4 | - | €393,250 | +€393,250 | |
| Amounts payable within one year | 42/48 | €17,175 | €290,683 | +€273,509 | +1592.5% |
| Current portion of amounts payable after more than one year | 42 | - | €37,567 | +€37,567 | |
| Trade debts | 44 | €16,805 | €19,510 | +€2,705 | +16.1% |
| Suppliers | 440/4 | €16,805 | €19,510 | +€2,705 | +16.1% |
| Taxes, remuneration and social security | 45 | €0 | €13,509 | +€13,509 | |
| Taxes | 450/3 | €0 | €13,509 | +€13,509 | |
| Remuneration and social security | 454/9 | €0 | €0 | = | |
| Other amounts payable | 47/48 | €369 | €220,097 | +€219,728 | +59500.0% |
| Accrued charges and deferred income | 492/3 | €0 | €0 | = | |
| Turnover | 70 | €0 | €0 | = | |
| Goods, raw materials, services and sundry goods | 60/61 | €0 | €0 | = | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €3,316 | €81,975 | +€78,659 | +2372.1% |
| Other operating charges | 640/8 | €351 | €1,081 | +€731 | +208.4% |
| Gross operating margin | 9900 | €164,009 | €178,826 | +€14,817 | +9.0% |
| Operating profit (loss) | 9901 | €160,342 | €95,770 | -€64,572 | -40.3% |
| Financial income | 75/76B | €2,299 | €639 | -€1,660 | -72.2% |
| Recurring financial income | 75 | €2,299 | €639 | -€1,660 | -72.2% |
| Financial charges | 65/66B | €2,406 | €9,534 | +€7,128 | +296.3% |
| Recurring financial charges | 65 | €2,406 | €9,534 | +€7,128 | +296.3% |
| Profit (loss) for the period before taxes | 9903 | €160,235 | €86,875 | -€73,361 | -45.8% |
| Income taxes | 67/77 | €35,621 | €18,046 | -€17,574 | -49.3% |
| Profit (loss) for the period | 9904 | €124,615 | €68,828 | -€55,786 | -44.8% |
| Profit (loss) for the period to be appropriated | 9905 | €124,615 | €68,828 | -€55,786 | -44.8% |
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 3 October 2026 via checked.be.