HIGHWAY HOLIDAYS: 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 HOLIDAYS
Largest movements
- Receivables within one year +€104,461
up €104,461 (+30.8%), from €339,639 to €444,101
of which Other amounts receivable: +€135,969
- Tangible fixed assets -€62,426
down €62,426 (-7.3%), from €851,731 to €789,305
of which Leasing and similar rights: -€69,382
- Deferred charges and accrued income -€14,248
down €14,248 (-86.5%), from €16,463 to €2,215
- Other debts +€206,284
up €206,284 (+177%), from €116,400 to €322,684
- Advances received -€188,085
down €188,085 (-94.8%), from €198,437 to €10,352
- Debts after one year -€91,975
down €91,975 (-16.2%), from €567,354 to €475,380
- Profit (loss) carried forward +€54,592
up €54,592 (+30.7%), from €177,612 to €232,204
- Trade debts +€46,681
new in 2025: €46,681
- Staff costs +€52,187
up €52,187 (+41.0%), from €127,254 to €179,440
- Gross operating margin +€22,834
up €22,834 (+6.0%), from €382,276 to €405,110
- Depreciation +€20,388
up €20,388 (+17.6%), from €116,030 to €136,418
- Other operating charges +€12,130
up €12,130 (+82.9%), from €14,626 to €26,755
- Financial charges -€6,986
down €6,986 (-46.9%), from €14,890 to €7,905
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 | €1,238,719 | €1,256,026 | +€17,307 | +1.4% |
| Fixed assets | 21/28 | €851,731 | €789,650 | -€62,080 | -7.3% |
| Tangible fixed assets | 22/27 | €851,731 | €789,305 | -€62,426 | -7.3% |
| Land and buildings | 22 | €556,091 | €532,798 | -€23,293 | -4.2% |
| Plant, machinery and equipment | 23 | €72,267 | €87,963 | +€15,695 | +21.7% |
| Furniture and vehicles | 24 | €17,121 | €31,676 | +€14,555 | +85.0% |
| Leasing and similar rights | 25 | €206,251 | €136,869 | -€69,382 | -33.6% |
| Financial fixed assets | 28 | - | €345 | +€345 | |
| Current assets | 29/58 | €386,988 | €466,376 | +€79,388 | +20.5% |
| Amounts receivable within one year | 40/41 | €339,639 | €444,101 | +€104,461 | +30.8% |
| Trade receivables | 40 | €181,171 | €149,663 | -€31,508 | -17.4% |
| Other amounts receivable | 41 | €158,469 | €294,438 | +€135,969 | +85.8% |
| Cash at bank and in hand | 54/58 | €30,886 | €20,060 | -€10,826 | -35.1% |
| Deferred charges and accrued income | 490/1 | €16,463 | €2,215 | -€14,248 | -86.5% |
| Total equity and liabilities | 10/49 | €1,238,719 | €1,256,026 | +€17,307 | +1.4% |
| Equity | 10/15 | €185,672 | €240,264 | +€54,592 | +29.4% |
| Contributions | 10/11 | €6,200 | €6,200 | = | 0.0% |
| Reserves | 13 | €1,860 | €1,860 | = | 0.0% |
| Non-distributable reserves | 130/1 | €1,860 | €1,860 | = | 0.0% |
| Reserves not available under the articles | 1311 | €1,860 | €1,860 | = | 0.0% |
| Profit (loss) carried forward | 14 | €177,612 | €232,204 | +€54,592 | +30.7% |
| Amounts payable | 17/49 | €1,053,047 | €1,015,762 | -€37,285 | -3.5% |
| Amounts payable after more than one year | 17 | €567,354 | €475,380 | -€91,975 | -16.2% |
| Financial debts | 170/4 | €567,354 | €475,380 | -€91,975 | -16.2% |
| Amounts payable within one year | 42/48 | €480,652 | €520,543 | +€39,890 | +8.3% |
| Current portion of amounts payable after more than one year | 42 | €90,558 | €80,470 | -€10,087 | -11.1% |
| Trade debts | 44 | - | €46,681 | +€46,681 | |
| Suppliers | 440/4 | - | €46,681 | +€46,681 | |
| Advances received on contracts in progress | 46 | €198,437 | €10,352 | -€188,085 | -94.8% |
| Taxes, remuneration and social security | 45 | €75,257 | €60,355 | -€14,902 | -19.8% |
| Taxes | 450/3 | €33,129 | €9,006 | -€24,123 | -72.8% |
| Remuneration and social security | 454/9 | €42,129 | €51,350 | +€9,221 | +21.9% |
| Other amounts payable | 47/48 | €116,400 | €322,684 | +€206,284 | +177% |
| Accrued charges and deferred income | 492/3 | €5,040 | €19,840 | +€14,800 | +294% |
| Remuneration, social security and pensions | 62 | €127,254 | €179,440 | +€52,187 | +41.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €116,030 | €136,418 | +€20,388 | +17.6% |
| Other operating charges | 640/8 | €14,626 | €26,755 | +€12,130 | +82.9% |
| Gross operating margin | 9900 | €382,276 | €405,110 | +€22,834 | +6.0% |
| Operating profit (loss) | 9901 | €124,367 | €62,497 | -€61,870 | -49.7% |
| Financial income | 75/76B | €15 | - | -€15 | |
| Recurring financial income | 75 | €15 | - | -€15 | |
| Financial charges | 65/66B | €14,890 | €7,905 | -€6,986 | -46.9% |
| Recurring financial charges | 65 | €14,890 | €7,905 | -€6,986 | -46.9% |
| Profit (loss) for the period before taxes | 9903 | €109,491 | €54,592 | -€54,899 | -50.1% |
| Profit (loss) for the period | 9904 | €109,491 | €54,592 | -€54,899 | -50.1% |
| Profit (loss) for the period to be appropriated | 9905 | €109,491 | €54,592 | -€54,899 | -50.1% |
Source: filed annual accounts (NBB), financial years ended 30 September 2024 and 30 September 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 30 October 2026 via checked.be.