Highway Group: 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.
What changed
Highway Group
NACE 70.100, Activities of head offices
financial year 2024 against 2025filed annual accounts (NBB)
Net result for the year
€1.3m
2024 · €1,347+€1.3m
Equity
€17.1m
2024 · €12.3m+€4.8m
Cash
€26,794
2024 · €25,473+€1,321
Balance sheet total
€20.3m
2024 · €13.5m+€6.8m
Largest movements
Assets
- Financial fixed assets +€6.7m
up €6.7m (+49.7%), from €13.5m to €20.2m
Equity and liabilities
- Contributions +€3.5m
up €3.5m (+656.7%), from €537,980 to €4.1m
- Other debts +€1.9m
up €1.9m (+156.2%), from €1.2m to €3.2m
- Profit (loss) carried forward +€1.2m
up €1.2m (+483.0%), from €257,723 to €1.5m
Income statement
- Financial income +€1.3m
new in 2025: €1.3m
- Turnover +€120,581
up €120,581 (+73.4%), from €164,290 to €284,871
- Services and other goods +€39,246
up €39,246 (+24.4%), from €160,876 to €200,122
- Taxes +€21,916
up €21,916 (+3971.7%), from €552 to €22,468
of which Taxes: +€21,948
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.
Result 2024
€1,347
Turnover
+€120,581
Services and other goods
-€39,246
Other operating charges
-€613
Financial income
+€1.3m
Financial charges
+€554
Taxes
-€21,916
Result 2025
€1.3m
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.
From operations
+€3.2m
Investment
-€6.7m
Financing
+€3.5m
Cash 2024
€25,473
From operations (derived)
+€3.2m
Net result for the year
+€1.3m
Receivables within one year
-€118,969
Trade debts
+€22,801
Tax, wage and social debts
+€21,950
Other debts
+€1.9m
Investment (derived)
-€6.7m
Investment in fixed assets (net)
-€6.7m
Financing
+€3.5m
Contributions, distributions and other
+€3.5m
Cash 2025
€26,794
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €13,509,296 | €20,327,252 | +€6.8m | +50.5% |
| Fixed assets | 21/28 | €13,471,887 | €20,169,554 | +€6.7m | +49.7% |
| Financial fixed assets | 28 | €13,471,887 | €20,169,554 | +€6.7m | +49.7% |
| Affiliated companies | 280/1 | €13,471,887 | €20,169,554 | +€6.7m | +49.7% |
| Participating interests | 280 | €13,471,887 | €20,169,554 | +€6.7m | +49.7% |
| Current assets | 29/58 | €37,409 | €157,698 | +€120,289 | +321.6% |
| Stocks and contracts in progress | 3 | €0 | €0 | = | |
| Amounts receivable within one year | 40/41 | €11,936 | €130,904 | +€118,969 | +996.8% |
| Trade receivables | 40 | €9,923 | €112,180 | +€102,258 | +1030.6% |
| Other amounts receivable | 41 | €2,013 | €18,724 | +€16,711 | +830.1% |
| Cash at bank and in hand | 54/58 | €25,473 | €26,794 | +€1,321 | +5.2% |
| Total equity and liabilities | 10/49 | €13,509,296 | €20,327,252 | +€6.8m | +50.5% |
| Equity | 10/15 | €12,261,521 | €17,105,230 | +€4.8m | +39.5% |
| Contributions | 10/11 | €537,980 | €4,070,980 | +€3.5m | +656.7% |
| Capital | 10 | €537,980 | €4,070,980 | +€3.5m | +656.7% |
| Issued capital | 100 | €537,980 | €4,070,980 | +€3.5m | +656.7% |
| Revaluation surpluses | 12 | €11,190,037 | €11,190,037 | = | 0.0% |
| Reserves | 13 | €275,782 | €341,782 | +€66,000 | +23.9% |
| Non-distributable reserves | 130/1 | €82 | €66,082 | +€66,000 | +80126.3% |
| Legal reserve | 130 | €82 | €66,082 | +€66,000 | +80126.3% |
| Distributable reserves | 133 | €275,699 | €275,699 | = | 0.0% |
| Profit (loss) carried forward | 14 | €257,723 | €1,502,431 | +€1.2m | +483.0% |
| Amounts payable | 17/49 | €1,247,775 | €3,222,022 | +€2.0m | +158.2% |
| Amounts payable within one year | 42/48 | €1,247,775 | €3,222,022 | +€2.0m | +158.2% |
| Trade debts | 44 | €12,055 | €34,856 | +€22,801 | +189.1% |
| Suppliers | 440/4 | €12,055 | €34,856 | +€22,801 | +189.1% |
| Taxes, remuneration and social security | 45 | €550 | €22,500 | +€21,950 | +3990.9% |
| Taxes | 450/3 | €550 | €22,500 | +€21,950 | +3990.9% |
| Other amounts payable | 47/48 | €1,235,170 | €3,164,667 | +€1.9m | +156.2% |
| Operating income | 70/76A | €164,290 | €284,871 | +€120,581 | +73.4% |
| Turnover | 70 | €164,290 | €284,871 | +€120,581 | +73.4% |
| Operating charges | 60/66A | €161,489 | €201,348 | +€39,859 | +24.7% |
| Services and other goods | 61 | €160,876 | €200,122 | +€39,246 | +24.4% |
| Other operating charges | 640/8 | €613 | €1,226 | +€613 | +100.0% |
| Operating profit (loss) | 9901 | €2,801 | €83,523 | +€80,722 | +2881.9% |
| Financial income | 75/76B | - | €1,250,001 | +€1.3m | |
| Recurring financial income | 75 | - | €1,250,001 | +€1.3m | |
| Income from financial fixed assets | 750 | - | €1,250,000 | +€1.3m | |
| Other financial income | 752/9 | - | €1 | +€1 | |
| Financial charges | 65/66B | €902 | €348 | -€554 | -61.4% |
| Recurring financial charges | 65 | €902 | €348 | -€554 | -61.4% |
| Debt charges | 650 | €891 | €306 | -€585 | -65.7% |
| Other financial charges | 652/9 | €11 | €42 | +€31 | +292.5% |
| Profit (loss) for the period before taxes | 9903 | €1,899 | €1,333,176 | +€1.3m | +70098.2% |
| Income taxes | 67/77 | €552 | €22,468 | +€21,916 | +3971.7% |
| Taxes | 670/3 | €552 | €22,500 | +€21,948 | +3977.6% |
| Tax adjustments and reversals of tax provisions | 77 | - | €32 | +€32 | |
| Profit (loss) for the period | 9904 | €1,347 | €1,310,708 | +€1.3m | +97179.7% |
| Profit (loss) for the period to be appropriated | 9905 | €1,347 | €1,310,708 | +€1.3m | +97179.7% |
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 12 October 2026 via checked.be.