HIGHSEAT: 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.
HIGHSEAT
Largest movements
- Receivables after one year +€9,808
new in 2025: €9,808
- Receivables within one year -€6,051
down €6,051 (-25.5%), from €23,726 to €17,675
of which Other amounts receivable: -€20,686
- Tangible fixed assets -€1,703
down €1,703 (-15.9%), from €10,681 to €8,978
of which Furniture and vehicles: -€1,197
- Cash -€1,105
down €1,105 (-96.3%), from €1,148 to €43
mainly Receivables after one year (-€9,808) and Current portion of long-term debt (-€8,840)
- Current portion of long-term debt -€8,840
down €8,840 (-53.3%), from €16,591 to €7,751
- Tax, wage and social debts +€5,376
up €5,376 (+334.0%), from €1,609 to €6,985
of which Remuneration and social security: +€3,132
- Trade debts +€5,111
up €5,111 (+228.7%), from €2,235 to €7,346
- Debts after one year -€4,890
down €4,890 (-31.9%), from €15,314 to €10,424
- Profit (loss) carried forward +€2,333
up €2,333 (+62.8%), from -€3,717 to -€1,384
- Gross operating margin +€10,600
up €10,600 (+384.9%), from €2,754 to €13,354
- Taxes +€3,191
up €3,191 (+727.8%), from €438 to €3,629
- Depreciation +€1,204
up €1,204 (+37.9%), from €3,181 to €4,385
- Financial income -€415
down €415 (-41.5%), from €1,000 to €585
- Financial charges -€332
down €332 (-13.0%), from €2,560 to €2,228
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 | €37,925 | €39,055 | +€1,131 | +3.0% |
| Fixed assets | 21/28 | €10,681 | €8,978 | -€1,703 | -15.9% |
| Tangible fixed assets | 22/27 | €10,681 | €8,978 | -€1,703 | -15.9% |
| Plant, machinery and equipment | 23 | €468 | €117 | -€351 | -75.0% |
| Furniture and vehicles | 24 | €8,795 | €7,599 | -€1,197 | -13.6% |
| Other tangible fixed assets | 26 | €1,418 | €1,262 | -€156 | -11.0% |
| Current assets | 29/58 | €27,244 | €30,078 | +€2,834 | +10.4% |
| Amounts receivable after more than one year | 29 | - | €9,808 | +€9,808 | |
| Other amounts receivable | 291 | - | €9,808 | +€9,808 | |
| Amounts receivable within one year | 40/41 | €23,726 | €17,675 | -€6,051 | -25.5% |
| Trade receivables | 40 | €0 | €14,635 | +€14,635 | |
| Other amounts receivable | 41 | €23,726 | €3,041 | -€20,686 | -87.2% |
| Cash at bank and in hand | 54/58 | €1,148 | €43 | -€1,105 | -96.3% |
| Deferred charges and accrued income | 490/1 | €2,370 | €2,551 | +€182 | +7.7% |
| Total equity and liabilities | 10/49 | €37,925 | €39,055 | +€1,131 | +3.0% |
| Equity | 10/15 | €976 | €3,309 | +€2,333 | +239.0% |
| Contributions | 10/11 | €1,000 | €1,000 | = | 0.0% |
| Reserves | 13 | €3,693 | €3,693 | = | 0.0% |
| Distributable reserves | 133 | €3,693 | €3,693 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€3,717 | -€1,384 | +€2,333 | +62.8% |
| Amounts payable | 17/49 | €36,949 | €35,747 | -€1,202 | -3.3% |
| Amounts payable after more than one year | 17 | €15,314 | €10,424 | -€4,890 | -31.9% |
| Financial debts | 170/4 | €15,314 | €10,424 | -€4,890 | -31.9% |
| Amounts payable within one year | 42/48 | €20,435 | €24,676 | +€4,240 | +20.8% |
| Current portion of amounts payable after more than one year | 42 | €16,591 | €7,751 | -€8,840 | -53.3% |
| Financial debts | 43 | €0 | €1,054 | +€1,054 | |
| Credit institutions | 430/8 | €0 | €1,054 | +€1,054 | |
| Trade debts | 44 | €2,235 | €7,346 | +€5,111 | +228.7% |
| Suppliers | 440/4 | €2,235 | €7,346 | +€5,111 | +228.7% |
| Taxes, remuneration and social security | 45 | €1,609 | €6,985 | +€5,376 | +334.0% |
| Taxes | 450/3 | €1,609 | €3,853 | +€2,244 | +139.4% |
| Remuneration and social security | 454/9 | €0 | €3,132 | +€3,132 | |
| Other amounts payable | 47/48 | - | €1,539 | +€1,539 | |
| Accrued charges and deferred income | 492/3 | €1,200 | €647 | -€553 | -46.1% |
| Non-recurring operating income | 76A | €0 | - | = | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €3,181 | €4,385 | +€1,204 | +37.9% |
| Other operating charges | 640/8 | €1,291 | €1,364 | +€72 | +5.6% |
| Gross operating margin | 9900 | €2,754 | €13,354 | +€10,600 | +384.9% |
| Operating profit (loss) | 9901 | -€1,718 | €7,606 | +€9,323 | |
| Financial income | 75/76B | €1,000 | €585 | -€415 | -41.5% |
| Recurring financial income | 75 | €1,000 | €585 | -€415 | -41.5% |
| Financial charges | 65/66B | €2,560 | €2,228 | -€332 | -13.0% |
| Recurring financial charges | 65 | €2,560 | €2,228 | -€332 | -13.0% |
| Profit (loss) for the period before taxes | 9903 | -€3,279 | €5,962 | +€9,240 | |
| Income taxes | 67/77 | €438 | €3,629 | +€3,191 | +727.8% |
| Profit (loss) for the period | 9904 | -€3,717 | €2,333 | +€6,050 | |
| Profit (loss) for the period to be appropriated | 9905 | -€3,717 | €2,333 | +€6,050 |
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 11 October 2026 via checked.be.