HITALTECH: 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.
HITALTECH
Largest movements
- Receivables within one year -€36,103
down €36,103 (-9.5%), from €380,121 to €344,018
of which Trade receivables: -€35,470
- Cash +€28,214
up €28,214 (+10.4%), from €271,688 to €299,902
mainly Receivables within one year (+€36,103) and Depreciation (+€32,334)
- Profit (loss) carried forward -€28,843
down €28,843 (-32.9%), from €87,625 to €58,783
- Trade debts +€22,514
up €22,514 (+12.9%), from €174,503 to €197,017
- Gross operating margin -€71,776
down €71,776 (-30.0%), from €239,109 to €167,334
- Staff costs -€45,902
down €45,902 (-14.6%), from €313,928 to €268,026
- Depreciation -€4,063
down €4,063 (-11.2%), from €36,397 to €32,334
- Write-downs -€2,900
no longer reported in 2025 (was €2,900)
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 | €1,051,891 | €1,041,136 | -€10,755 | -1.0% |
| Fixed assets | 21/28 | €267,876 | €260,646 | -€7,230 | -2.7% |
| Intangible fixed assets | 21 | €36,683 | €32,886 | -€3,797 | -10.4% |
| Tangible fixed assets | 22/27 | €117,159 | €113,726 | -€3,433 | -2.9% |
| Land and buildings | 22 | €83,501 | €79,406 | -€4,095 | -4.9% |
| Plant, machinery and equipment | 23 | €8,364 | €8,999 | +€635 | +7.6% |
| Furniture and vehicles | 24 | €25,294 | €25,321 | +€27 | +0.1% |
| Financial fixed assets | 28 | €114,034 | €114,034 | = | 0.0% |
| Current assets | 29/58 | €784,015 | €780,490 | -€3,525 | -0.4% |
| Stocks and contracts in progress | 3 | €121,923 | €124,001 | +€2,078 | +1.7% |
| Stocks | 30/36 | €121,923 | €124,001 | +€2,078 | +1.7% |
| Amounts receivable within one year | 40/41 | €380,121 | €344,018 | -€36,103 | -9.5% |
| Trade receivables | 40 | €154,548 | €119,078 | -€35,470 | -23.0% |
| Other amounts receivable | 41 | €225,573 | €224,940 | -€634 | -0.3% |
| Cash at bank and in hand | 54/58 | €271,688 | €299,902 | +€28,214 | +10.4% |
| Deferred charges and accrued income | 490/1 | €10,283 | €12,569 | +€2,285 | +22.2% |
| Total equity and liabilities | 10/49 | €1,051,891 | €1,041,136 | -€10,755 | -1.0% |
| Equity | 10/15 | €778,825 | €749,983 | -€28,843 | -3.7% |
| Contributions | 10/11 | €62,000 | €62,000 | = | 0.0% |
| Capital | 10 | €62,000 | €62,000 | = | 0.0% |
| Issued capital | 100 | €62,000 | €62,000 | = | 0.0% |
| Reserves | 13 | €629,200 | €629,200 | = | 0.0% |
| Non-distributable reserves | 130/1 | €6,200 | €6,200 | = | 0.0% |
| Legal reserve | 130 | €6,200 | €6,200 | = | 0.0% |
| Distributable reserves | 133 | €623,000 | €623,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | €87,625 | €58,783 | -€28,843 | -32.9% |
| Amounts payable | 17/49 | €273,066 | €291,153 | +€18,087 | +6.6% |
| Amounts payable within one year | 42/48 | €273,066 | €291,153 | +€18,087 | +6.6% |
| Trade debts | 44 | €174,503 | €197,017 | +€22,514 | +12.9% |
| Suppliers | 440/4 | €174,503 | €197,017 | +€22,514 | +12.9% |
| Taxes, remuneration and social security | 45 | €38,355 | €31,628 | -€6,727 | -17.5% |
| Taxes | 450/3 | €2,026 | €1,666 | -€360 | -17.8% |
| Remuneration and social security | 454/9 | €36,330 | €29,962 | -€6,368 | -17.5% |
| Other amounts payable | 47/48 | €60,208 | €62,508 | +€2,300 | +3.8% |
| Remuneration, social security and pensions | 62 | €313,928 | €268,026 | -€45,902 | -14.6% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €36,397 | €32,334 | -€4,063 | -11.2% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | €2,900 | - | -€2,900 | |
| Other operating charges | 640/8 | €6,106 | €6,262 | +€156 | +2.6% |
| Gross operating margin | 9900 | €239,109 | €167,334 | -€71,776 | -30.0% |
| Operating profit (loss) | 9901 | -€120,222 | -€139,289 | -€19,066 | -15.9% |
| Financial income | 75/76B | €114,461 | €113,250 | -€1,211 | -1.1% |
| Recurring financial income | 75 | €114,461 | €113,250 | -€1,211 | -1.1% |
| Financial charges | 65/66B | €1,971 | €1,995 | +€24 | +1.2% |
| Recurring financial charges | 65 | €1,971 | €1,995 | +€24 | +1.2% |
| Profit (loss) for the period before taxes | 9903 | -€7,733 | -€28,034 | -€20,301 | -262.5% |
| Income taxes | 67/77 | €2,581 | €841 | -€1,740 | -67.4% |
| Profit (loss) for the period | 9904 | -€10,314 | -€28,874 | -€18,560 | -180.0% |
| Profit (loss) for the period to be appropriated | 9905 | -€10,314 | -€28,874 | -€18,560 | -180.0% |
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 10 October 2026 via checked.be.