HIGHTRACK: 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.
HIGHTRACK
Largest movements
- Receivables within one year -€11,183
down €11,183 (-67.0%), from €16,694 to €5,511
of which Trade receivables: -€8,088
- Tangible fixed assets -€10,167
down €10,167 (-3.8%), from €264,837 to €254,670
of which Land and buildings: -€7,333
- Cash -€4,662
down €4,662 (-18.6%), from €25,112 to €20,450
mainly Debts after one year (-€95,140) and Net result for the year (-€23,686)
- Contributions +€98,260
up €98,260 (+528.3%), from €18,600 to €116,860
- Debts after one year -€95,140
down €95,140 (-37.3%), from €255,000 to €159,860
- Profit (loss) carried forward -€23,686
down €23,686 (-62.1%), from -€38,134 to -€61,821
- Trade debts -€8,631
down €8,631 (-43.1%), from €20,005 to €11,374
- Accrued charges and deferred income +€7,878
up €7,878 (+668.1%), from €1,179 to €9,057
- Financial charges +€7,088
up €7,088 (+562.1%), from €1,261 to €8,349
- Gross operating margin +€2,322
up €2,322 (+44.7%), from -€5,200 to -€2,878
- Other operating charges +€1,012
up €1,012 (+94.1%), from €1,075 to €2,087
- Depreciation -€888
down €888 (-8.0%), from €11,054 to €10,167
- Financial income -€177
down €177 (-73.9%), from €240 to €63
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 | €306,918 | €280,918 | -€26,000 | -8.5% |
| Fixed assets | 21/28 | €264,837 | €254,670 | -€10,167 | -3.8% |
| Intangible fixed assets | 21 | €0 | €0 | = | |
| Tangible fixed assets | 22/27 | €264,837 | €254,670 | -€10,167 | -3.8% |
| Land and buildings | 22 | €248,357 | €241,024 | -€7,333 | -3.0% |
| Plant, machinery and equipment | 23 | €15,619 | €13,088 | -€2,531 | -16.2% |
| Furniture and vehicles | 24 | €862 | €559 | -€302 | -35.1% |
| Other tangible fixed assets | 26 | €0 | €0 | = | |
| Current assets | 29/58 | €42,080 | €26,247 | -€15,833 | -37.6% |
| Amounts receivable within one year | 40/41 | €16,694 | €5,511 | -€11,183 | -67.0% |
| Trade receivables | 40 | €13,599 | €5,511 | -€8,088 | -59.5% |
| Other amounts receivable | 41 | €3,095 | - | -€3,095 | |
| Cash at bank and in hand | 54/58 | €25,112 | €20,450 | -€4,662 | -18.6% |
| Deferred charges and accrued income | 490/1 | €275 | €287 | +€12 | +4.4% |
| Total equity and liabilities | 10/49 | €306,918 | €280,918 | -€26,000 | -8.5% |
| Equity | 10/15 | €25,326 | €98,039 | +€72,714 | +287.1% |
| Contributions | 10/11 | €18,600 | €116,860 | +€98,260 | +528.3% |
| Reserves | 13 | €44,860 | €43,000 | -€1,860 | -4.1% |
| Non-distributable reserves | 130/1 | €1,860 | - | -€1,860 | |
| Reserves not available under the articles | 1311 | €1,860 | - | -€1,860 | |
| Distributable reserves | 133 | €43,000 | €43,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€38,134 | -€61,821 | -€23,686 | -62.1% |
| Amounts payable | 17/49 | €281,592 | €182,879 | -€98,713 | -35.1% |
| Amounts payable after more than one year | 17 | €255,000 | €159,860 | -€95,140 | -37.3% |
| Other amounts payable | 178/9 | €255,000 | €159,860 | -€95,140 | -37.3% |
| Amounts payable within one year | 42/48 | €25,413 | €13,961 | -€11,451 | -45.1% |
| Financial debts | 43 | - | €106 | +€106 | |
| Credit institutions | 430/8 | - | €106 | +€106 | |
| Trade debts | 44 | €20,005 | €11,374 | -€8,631 | -43.1% |
| Suppliers | 440/4 | €20,005 | €11,374 | -€8,631 | -43.1% |
| Taxes, remuneration and social security | 45 | €865 | €337 | -€528 | -61.0% |
| Taxes | 450/3 | €865 | €337 | -€528 | -61.0% |
| Other amounts payable | 47/48 | €4,543 | €2,144 | -€2,398 | -52.8% |
| Accrued charges and deferred income | 492/3 | €1,179 | €9,057 | +€7,878 | +668.1% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €11,054 | €10,167 | -€888 | -8.0% |
| Other operating charges | 640/8 | €1,075 | €2,087 | +€1,012 | +94.1% |
| Operating charges capitalised as restructuring costs | 649 | - | €0 | = | |
| Gross operating margin | 9900 | -€5,200 | -€2,878 | +€2,322 | +44.7% |
| Operating profit (loss) | 9901 | -€17,330 | -€15,132 | +€2,198 | +12.7% |
| Financial income | 75/76B | €240 | €63 | -€177 | -73.9% |
| Recurring financial income | 75 | €240 | €63 | -€177 | -73.9% |
| Financial charges | 65/66B | €1,261 | €8,349 | +€7,088 | +562.1% |
| Recurring financial charges | 65 | €1,261 | €8,349 | +€7,088 | +562.1% |
| Profit (loss) for the period before taxes | 9903 | -€18,351 | -€23,419 | -€5,068 | -27.6% |
| Income taxes | 67/77 | €254 | €268 | +€14 | +5.4% |
| Profit (loss) for the period | 9904 | -€18,605 | -€23,686 | -€5,082 | -27.3% |
| Profit (loss) for the period to be appropriated | 9905 | -€18,605 | -€23,686 | -€5,082 | -27.3% |
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 5 October 2026 via checked.be.