HIQ TECH SYSTEMS: 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.
HIQ TECH SYSTEMS
Largest movements
- Cash -€49,681
down €49,681 (-44.3%), from €112,218 to €62,538
mainly Contributions, distributions and other (-€139,000) and Other debts (-€31,000)
- Receivables within one year -€46,685
down €46,685 (-21.8%), from €214,373 to €167,689
of which Trade receivables: -€48,558
- Reserves -€43,797
down €43,797 (-63.6%), from €68,858 to €25,061
of which Distributable reserves: -€43,797
- Other debts -€31,000
down €31,000 (-25.0%), from €124,130 to €93,130
- Trade debts -€17,710
down €17,710 (-20.1%), from €88,181 to €70,472
- Tax, wage and social debts -€4,181
down €4,181 (-68.2%), from €6,132 to €1,951
- Gross operating margin -€4,407
down €4,407 (-4.4%), from €100,563 to €96,157
- Financial income +€2,878
up €2,878 (+758%), from €380 to €3,258
- Taxes -€1,848
down €1,848 (-48.6%), from €3,798 to €1,951
From the 2023 result to the 2024 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 2023 and 2024 balance sheets and the 2024 result: not a filed cash-flow statement. It shows where the money came from and went.
Every line side by side
| Line | Code | 2023 | 2024 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €330,682 | €233,994 | -€96,687 | -29.2% |
| Fixed assets | 21/28 | €3,345 | €3,345 | = | 0.0% |
| Financial fixed assets | 28 | €3,345 | €3,345 | = | 0.0% |
| Current assets | 29/58 | €327,337 | €230,649 | -€96,687 | -29.5% |
| Amounts receivable within one year | 40/41 | €214,373 | €167,689 | -€46,685 | -21.8% |
| Trade receivables | 40 | €77,800 | €29,242 | -€48,558 | -62.4% |
| Other amounts receivable | 41 | €136,574 | €138,447 | +€1,873 | +1.4% |
| Cash at bank and in hand | 54/58 | €112,218 | €62,538 | -€49,681 | -44.3% |
| Deferred charges and accrued income | 490/1 | €745 | €423 | -€322 | -43.2% |
| Total equity and liabilities | 10/49 | €330,682 | €233,994 | -€96,687 | -29.2% |
| Equity | 10/15 | €112,239 | €68,443 | -€43,797 | -39.0% |
| Contributions | 10/11 | €43,381 | €43,381 | = | 0.0% |
| Reserves | 13 | €68,858 | €25,061 | -€43,797 | -63.6% |
| Non-distributable reserves | 130/1 | €4,338 | €4,338 | = | 0.0% |
| Reserves not available under the articles | 1311 | €4,338 | €4,338 | = | 0.0% |
| Distributable reserves | 133 | €64,520 | €20,723 | -€43,797 | -67.9% |
| Amounts payable | 17/49 | €218,443 | €165,552 | -€52,891 | -24.2% |
| Amounts payable within one year | 42/48 | €218,443 | €165,552 | -€52,891 | -24.2% |
| Trade debts | 44 | €88,181 | €70,472 | -€17,710 | -20.1% |
| Suppliers | 440/4 | €88,181 | €70,472 | -€17,710 | -20.1% |
| Taxes, remuneration and social security | 45 | €6,132 | €1,951 | -€4,181 | -68.2% |
| Taxes | 450/3 | €6,132 | €1,951 | -€4,181 | -68.2% |
| Other amounts payable | 47/48 | €124,130 | €93,130 | -€31,000 | -25.0% |
| Other operating charges | 640/8 | €870 | €1,322 | +€452 | +51.9% |
| Gross operating margin | 9900 | €100,563 | €96,157 | -€4,407 | -4.4% |
| Operating profit (loss) | 9901 | €99,693 | €94,835 | -€4,859 | -4.9% |
| Financial income | 75/76B | €380 | €3,258 | +€2,878 | +758% |
| Recurring financial income | 75 | €380 | €3,258 | +€2,878 | +758% |
| Financial charges | 65/66B | €845 | €939 | +€95 | +11.2% |
| Recurring financial charges | 65 | €845 | €939 | +€95 | +11.2% |
| Profit (loss) for the period before taxes | 9903 | €99,229 | €97,154 | -€2,075 | -2.1% |
| Income taxes | 67/77 | €3,798 | €1,951 | -€1,848 | -48.6% |
| Profit (loss) for the period | 9904 | €95,430 | €95,203 | -€227 | -0.2% |
| Profit (loss) for the period to be appropriated | 9905 | €95,430 | €95,203 | -€227 | -0.2% |
Source: filed annual accounts (NBB), financial years ended 31 December 2023 and 31 December 2024. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 19 October 2026 via checked.be.