HIGHTITUDE: 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.
HIGHTITUDE
Largest movements
- Tangible fixed assets -€6,311
down €6,311 (-45.1%), from €14,004 to €7,694
of which Furniture and vehicles: -€6,029
- Receivables within one year +€2,908
up €2,908 (+13.7%), from €21,245 to €24,153
of which Trade receivables: +€6,224
- Cash -€2,079
down €2,079 (-9.3%), from €22,290 to €20,211
mainly Contributions, distributions and other (-€75,000) and Net result for the year (-€5,906)
- Receivables after one year +€1,601
up €1,601 (+2.6%), from €61,658 to €63,259
- Deferred charges and accrued income -€1,442
no longer reported in 2025 (was €1,442)
- Profit (loss) carried forward -€80,906
down €80,906 (-80.9%), from €100,012 to €19,106
- Other debts +€52,500
new in 2025: €52,500
- Tax, wage and social debts +€23,243
up €23,243 (+8349.9%), from €278 to €23,521
- Gross operating margin -€2,547
down €2,547, from €2,417 to -€130
- Other operating charges -€2,259
down €2,259 (-87.3%), from €2,590 to €330
- Financial charges -€991
down €991 (-72.4%), from €1,368 to €377
- Taxes -€172
down €172 (-61.6%), from €278 to €107
- Depreciation +€125
up €125 (+1.7%), from €7,491 to €7,616
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 | €120,909 | €115,586 | -€5,323 | -4.4% |
| Fixed assets | 21/28 | €14,274 | €7,964 | -€6,311 | -44.2% |
| Tangible fixed assets | 22/27 | €14,004 | €7,694 | -€6,311 | -45.1% |
| Plant, machinery and equipment | 23 | €499 | €217 | -€282 | -56.5% |
| Furniture and vehicles | 24 | €13,506 | €7,477 | -€6,029 | -44.6% |
| Financial fixed assets | 28 | €270 | €270 | = | 0.0% |
| Current assets | 29/58 | €106,635 | €107,623 | +€988 | +0.9% |
| Amounts receivable after more than one year | 29 | €61,658 | €63,259 | +€1,601 | +2.6% |
| Other amounts receivable | 291 | €61,658 | €63,259 | +€1,601 | +2.6% |
| Amounts receivable within one year | 40/41 | €21,245 | €24,153 | +€2,908 | +13.7% |
| Trade receivables | 40 | - | €6,224 | +€6,224 | |
| Other amounts receivable | 41 | €21,245 | €17,929 | -€3,316 | -15.6% |
| Cash at bank and in hand | 54/58 | €22,290 | €20,211 | -€2,079 | -9.3% |
| Deferred charges and accrued income | 490/1 | €1,442 | - | -€1,442 | |
| Total equity and liabilities | 10/49 | €120,909 | €115,586 | -€5,323 | -4.4% |
| Equity | 10/15 | €120,472 | €39,565 | -€80,906 | -67.2% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €1,859 | €1,859 | = | 0.0% |
| Non-distributable reserves | 130/1 | €1,859 | €1,859 | = | 0.0% |
| Reserves not available under the articles | 1311 | €1,859 | €1,859 | = | 0.0% |
| Profit (loss) carried forward | 14 | €100,012 | €19,106 | -€80,906 | -80.9% |
| Amounts payable | 17/49 | €437 | €76,021 | +€75,584 | +17279.8% |
| Amounts payable within one year | 42/48 | €437 | €76,021 | +€75,584 | +17279.8% |
| Trade debts | 44 | €159 | - | -€159 | |
| Suppliers | 440/4 | €159 | - | -€159 | |
| Taxes, remuneration and social security | 45 | €278 | €23,521 | +€23,243 | +8349.9% |
| Taxes | 450/3 | €278 | €23,521 | +€23,243 | +8349.9% |
| Other amounts payable | 47/48 | - | €52,500 | +€52,500 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €7,491 | €7,616 | +€125 | +1.7% |
| Other operating charges | 640/8 | €2,590 | €330 | -€2,259 | -87.3% |
| Gross operating margin | 9900 | €2,417 | -€130 | -€2,547 | |
| Operating profit (loss) | 9901 | -€7,664 | -€8,076 | -€412 | -5.4% |
| Financial income | 75/76B | €2,585 | €2,654 | +€68 | +2.6% |
| Recurring financial income | 75 | €2,585 | €2,654 | +€68 | +2.6% |
| Financial charges | 65/66B | €1,368 | €377 | -€991 | -72.4% |
| Recurring financial charges | 65 | €1,368 | €377 | -€991 | -72.4% |
| Profit (loss) for the period before taxes | 9903 | -€6,447 | -€5,800 | +€647 | +10.0% |
| Income taxes | 67/77 | €278 | €107 | -€172 | -61.6% |
| Profit (loss) for the period | 9904 | -€6,725 | -€5,906 | +€819 | +12.2% |
| Profit (loss) for the period to be appropriated | 9905 | -€6,725 | -€5,906 | +€819 | +12.2% |
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 8 October 2026 via checked.be.