Highstar Engineering: 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.
Highstar Engineering
Largest movements
- Receivables within one year +€47,168
up €47,168 (+18.3%), from €258,122 to €305,290
of which Trade receivables: +€25,584
- Cash -€5,555
down €5,555 (-25.7%), from €21,644 to €16,089
mainly Receivables within one year (-€47,168) and Net result for the year (-€30,957)
- Tangible fixed assets -€3,903
down €3,903 (-33.2%), from €11,750 to €7,847
of which Furniture and vehicles: -€2,841
- Advances received +€83,804
up €83,804 (+51.2%), from €163,702 to €247,506
- Reserves -€30,957
down €30,957 (-36.5%), from €84,902 to €53,945
of which Distributable reserves: -€30,957
- Tax, wage and social debts -€11,402
down €11,402 (-57.8%), from €19,741 to €8,339
- Trade debts -€4,375
down €4,375 (-27.3%), from €16,010 to €11,636
- Gross operating margin -€54,156
down €54,156, from €13,077 to -€41,079
- Financial income +€7,321
up €7,321 (+54.6%), from €13,402 to €20,723
- Taxes -€6,128
down €6,128 (-90.4%), from €6,776 to €648
- Depreciation -€5,039
down €5,039 (-56.3%), from €8,942 to €3,903
- Other operating charges +€2,008
up €2,008 (+219.1%), from €917 to €2,924
From the 2023 result to the 2024 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 2023 and 2024 balance sheets and the 2024 result: not a filed cash-flow statement. It shows where the money came from and went.
Every line side by side
| Line | Code | 2023 | 2024 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €296,755 | €333,826 | +€37,071 | +12.5% |
| Fixed assets | 21/28 | €15,650 | €12,047 | -€3,603 | -23.0% |
| Tangible fixed assets | 22/27 | €11,750 | €7,847 | -€3,903 | -33.2% |
| Land and buildings | 22 | €3,286 | €2,923 | -€363 | -11.0% |
| Plant, machinery and equipment | 23 | €5,188 | €4,488 | -€700 | -13.5% |
| Furniture and vehicles | 24 | €3,277 | €436 | -€2,841 | -86.7% |
| Financial fixed assets | 28 | €3,900 | €4,200 | +€300 | +7.7% |
| Current assets | 29/58 | €281,105 | €321,779 | +€40,674 | +14.5% |
| Amounts receivable within one year | 40/41 | €258,122 | €305,290 | +€47,168 | +18.3% |
| Trade receivables | 40 | €194,471 | €220,055 | +€25,584 | +13.2% |
| Other amounts receivable | 41 | €63,651 | €85,235 | +€21,584 | +33.9% |
| Cash at bank and in hand | 54/58 | €21,644 | €16,089 | -€5,555 | -25.7% |
| Deferred charges and accrued income | 490/1 | €1,339 | €400 | -€939 | -70.1% |
| Total equity and liabilities | 10/49 | €296,755 | €333,826 | +€37,071 | +12.5% |
| Equity | 10/15 | €97,302 | €66,345 | -€30,957 | -31.8% |
| Contributions | 10/11 | €12,400 | €12,400 | = | 0.0% |
| Reserves | 13 | €84,902 | €53,945 | -€30,957 | -36.5% |
| Non-distributable reserves | 130/1 | €490 | €490 | = | 0.0% |
| Reserves not available under the articles | 1311 | €490 | €490 | = | 0.0% |
| Distributable reserves | 133 | €84,412 | €53,455 | -€30,957 | -36.7% |
| Amounts payable | 17/49 | €199,453 | €267,481 | +€68,028 | +34.1% |
| Amounts payable within one year | 42/48 | €199,453 | €267,481 | +€68,028 | +34.1% |
| Trade debts | 44 | €16,010 | €11,636 | -€4,375 | -27.3% |
| Suppliers | 440/4 | €16,010 | €11,636 | -€4,375 | -27.3% |
| Advances received on contracts in progress | 46 | €163,702 | €247,506 | +€83,804 | +51.2% |
| Taxes, remuneration and social security | 45 | €19,741 | €8,339 | -€11,402 | -57.8% |
| Taxes | 450/3 | €19,741 | €8,339 | -€11,402 | -57.8% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €8,942 | €3,903 | -€5,039 | -56.3% |
| Other operating charges | 640/8 | €917 | €2,924 | +€2,008 | +219.1% |
| Gross operating margin | 9900 | €13,077 | -€41,079 | -€54,156 | |
| Operating profit (loss) | 9901 | €3,219 | -€47,907 | -€51,125 | |
| Financial income | 75/76B | €13,402 | €20,723 | +€7,321 | +54.6% |
| Recurring financial income | 75 | €13,402 | €20,723 | +€7,321 | +54.6% |
| Financial charges | 65/66B | €1,535 | €3,125 | +€1,590 | +103.6% |
| Recurring financial charges | 65 | €1,535 | €3,125 | +€1,590 | +103.6% |
| Profit (loss) for the period before taxes | 9903 | €15,086 | -€30,308 | -€45,394 | |
| Income taxes | 67/77 | €6,776 | €648 | -€6,128 | -90.4% |
| Profit (loss) for the period | 9904 | €8,310 | -€30,957 | -€39,267 | |
| Profit (loss) for the period to be appropriated | 9905 | €8,310 | -€30,957 | -€39,267 |
Source: filed annual accounts (NBB), fiscal years ended 31 December 2023 and 31 December 2024. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 30 September 2026 via checked.be.