HIGHWAY EXPRESS SERVICES: 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.
HIGHWAY EXPRESS SERVICES
Largest movements
- Cash -€20,596
down €20,596 (-29.8%), from €69,060 to €48,464
mainly Other debts (-€14,163) and Net result for the year (-€11,103)
- Tangible fixed assets -€14,685
no longer reported in 2025 (was €14,685)
of which Furniture and vehicles: -€13,107
- Receivables within one year +€9,132
up €9,132 (+25.9%), from €35,203 to €44,336
of which Other amounts receivable: +€9,132
- Other debts -€14,163
no longer reported in 2025 (was €14,163)
- Profit (loss) carried forward -€11,103
down €11,103 (-12.2%), from €91,202 to €80,099
- Gross operating margin -€3,004
down €3,004 (-55.1%), from €5,455 to €2,451
- Depreciation -€1,872
down €1,872 (-12.5%), from €14,979 to €13,107
- Other operating charges +€543
up €543 (+258%), from €210 to €753
- Financial income +€300
up €300 (+154%), from €195 to €495
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.
Derived cash bridge
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 | €118,948 | €92,799 | -€26,149 | -22.0% |
| Fixed assets | 21/28 | €14,685 | - | -€14,685 | |
| Tangible fixed assets | 22/27 | €14,685 | - | -€14,685 | |
| Furniture and vehicles | 24 | €13,107 | - | -€13,107 | |
| Other tangible fixed assets | 26 | €1,578 | - | -€1,578 | |
| Current assets | 29/58 | €104,263 | €92,799 | -€11,464 | -11.0% |
| Amounts receivable within one year | 40/41 | €35,203 | €44,336 | +€9,132 | +25.9% |
| Trade receivables | 40 | €33,757 | €33,757 | = | 0.0% |
| Other amounts receivable | 41 | €1,446 | €10,578 | +€9,132 | +631% |
| Cash at bank and in hand | 54/58 | €69,060 | €48,464 | -€20,596 | -29.8% |
| Total equity and liabilities | 10/49 | €118,948 | €92,799 | -€26,149 | -22.0% |
| Equity | 10/15 | €103,902 | €92,799 | -€11,103 | -10.7% |
| Reserves | 13 | €12,700 | €12,700 | = | 0.0% |
| Distributable reserves | 133 | €12,700 | €12,700 | = | 0.0% |
| Profit (loss) carried forward | 14 | €91,202 | €80,099 | -€11,103 | -12.2% |
| Amounts payable | 17/49 | €15,046 | - | -€15,046 | |
| Amounts payable within one year | 42/48 | €15,046 | - | -€15,046 | |
| Taxes, remuneration and social security | 45 | €882 | - | -€882 | |
| Taxes | 450/3 | €882 | - | -€882 | |
| Other amounts payable | 47/48 | €14,163 | - | -€14,163 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €14,979 | €13,107 | -€1,872 | -12.5% |
| Other operating charges | 640/8 | €210 | €753 | +€543 | +258% |
| Gross operating margin | 9900 | €5,455 | €2,451 | -€3,004 | -55.1% |
| Operating profit (loss) | 9901 | -€9,734 | -€11,408 | -€1,675 | -17.2% |
| Financial income | 75/76B | €195 | €495 | +€300 | +154% |
| Recurring financial income | 75 | €195 | €495 | +€300 | +154% |
| Financial charges | 65/66B | €190 | €190 | +€0 | +0.2% |
| Recurring financial charges | 65 | €190 | €190 | +€0 | +0.2% |
| Profit (loss) for the period before taxes | 9903 | -€9,729 | -€11,103 | -€1,374 | -14.1% |
| Profit (loss) for the period | 9904 | -€9,729 | -€11,103 | -€1,374 | -14.1% |
| Profit (loss) for the period to be appropriated | 9905 | -€9,729 | -€11,103 | -€1,374 | -14.1% |
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 17 October 2026 via checked.be.