HIGHSTONE: 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.
HIGHSTONE
Largest movements
- Receivables within one year +€25,119
up €25,119 (+18.4%), from €136,258 to €161,378
of which Other amounts receivable: +€32,059
- Cash -€20,808
down €20,808 (-32.2%), from €64,562 to €43,754
mainly Contributions, distributions and other (-€143,755) and Receivables within one year (-€25,119)
- Tangible fixed assets +€7,451
new in 2025: €7,451
- Receivables after one year -€6,000
down €6,000 (-100.0%), from €6,000 to €0
- Other debts +€84,754
up €84,754 (+627.9%), from €13,498 to €98,252
- Reserves -€75,348
down €75,348 (-52.4%), from €143,755 to €68,407
- Tax, wage and social debts -€6,944
down €6,944 (-20.1%), from €34,537 to €27,593
of which Taxes: -€6,962
- Trade debts +€3,520
up €3,520 (+43.7%), from €8,058 to €11,578
- Gross operating margin -€63,716
down €63,716 (-43.5%), from €146,439 to €82,724
- Taxes -€14,523
down €14,523 (-45.4%), from €32,007 to €17,484
- Financial income +€6,123
up €6,123 (+553.1%), from €1,107 to €7,230
- Depreciation +€2,194
new in 2025: €2,194
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 | €207,348 | €213,330 | +€5,982 | +2.9% |
| Fixed assets | 21/28 | €300 | €7,751 | +€7,451 | +2483.5% |
| Tangible fixed assets | 22/27 | - | €7,451 | +€7,451 | |
| Furniture and vehicles | 24 | - | €7,451 | +€7,451 | |
| Financial fixed assets | 28 | €300 | €300 | = | 0.0% |
| Current assets | 29/58 | €207,048 | €205,579 | -€1,469 | -0.7% |
| Amounts receivable after more than one year | 29 | €6,000 | €0 | -€6,000 | -100.0% |
| Other amounts receivable | 291 | €6,000 | €0 | -€6,000 | -100.0% |
| Amounts receivable within one year | 40/41 | €136,258 | €161,378 | +€25,119 | +18.4% |
| Trade receivables | 40 | €23,880 | €16,940 | -€6,940 | -29.1% |
| Other amounts receivable | 41 | €112,378 | €144,438 | +€32,059 | +28.5% |
| Cash at bank and in hand | 54/58 | €64,562 | €43,754 | -€20,808 | -32.2% |
| Deferred charges and accrued income | 490/1 | €228 | €448 | +€220 | +96.2% |
| Total equity and liabilities | 10/49 | €207,348 | €213,330 | +€5,982 | +2.9% |
| Equity | 10/15 | €151,255 | €75,907 | -€75,348 | -49.8% |
| Contributions | 10/11 | €7,500 | €7,500 | = | 0.0% |
| Reserves | 13 | €143,755 | €68,407 | -€75,348 | -52.4% |
| Distributable reserves | 133 | €143,755 | €68,407 | -€75,348 | -52.4% |
| Profit (loss) carried forward | 14 | - | €0 | = | |
| Amounts payable | 17/49 | €56,093 | €137,423 | +€81,330 | +145.0% |
| Amounts payable within one year | 42/48 | €56,093 | €137,423 | +€81,330 | +145.0% |
| Trade debts | 44 | €8,058 | €11,578 | +€3,520 | +43.7% |
| Suppliers | 440/4 | €8,058 | €11,578 | +€3,520 | +43.7% |
| Taxes, remuneration and social security | 45 | €34,537 | €27,593 | -€6,944 | -20.1% |
| Taxes | 450/3 | €32,296 | €25,334 | -€6,962 | -21.6% |
| Remuneration and social security | 454/9 | €2,241 | €2,259 | +€18 | +0.8% |
| Other amounts payable | 47/48 | €13,498 | €98,252 | +€84,754 | +627.9% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | - | €2,194 | +€2,194 | |
| Other operating charges | 640/8 | €404 | €782 | +€379 | +93.8% |
| Gross operating margin | 9900 | €146,439 | €82,724 | -€63,716 | -43.5% |
| Operating profit (loss) | 9901 | €146,036 | €79,747 | -€66,288 | -45.4% |
| Financial income | 75/76B | €1,107 | €7,230 | +€6,123 | +553.1% |
| Recurring financial income | 75 | €1,107 | €7,230 | +€6,123 | +553.1% |
| Financial charges | 65/66B | €1,003 | €1,087 | +€84 | +8.3% |
| Recurring financial charges | 65 | €1,003 | €1,087 | +€84 | +8.3% |
| Profit (loss) for the period before taxes | 9903 | €146,140 | €85,891 | -€60,249 | -41.2% |
| Income taxes | 67/77 | €32,007 | €17,484 | -€14,523 | -45.4% |
| Profit (loss) for the period | 9904 | €114,132 | €68,407 | -€45,725 | -40.1% |
| Profit (loss) for the period to be appropriated | 9905 | €114,132 | €68,407 | -€45,725 | -40.1% |
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.