HITECH: 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.
HITECH
Largest movements
- Cash +€34,685
up €34,685 (+17.4%), from €199,533 to €234,218
mainly Other debts (+€23,517) and Receivables after one year (+€11,038)
- Receivables after one year -€11,038
no longer reported in 2025 (was €11,038)
of which Trade receivables: -€11,035
- Receivables within one year +€8,663
new in 2025: €8,663
- Tangible fixed assets -€3,379
down €3,379 (-40.0%), from €8,440 to €5,061
of which Plant, machinery and equipment: -€1,828
- Other debts +€23,517
up €23,517 (+23.8%), from €98,809 to €122,326
- Profit (loss) carried forward +€9,952
up €9,952 (+10.3%), from €96,975 to €106,927
- Tax, wage and social debts -€6,016
down €6,016 (-27.3%), from €22,068 to €16,052
- Staff costs +€10,573
up €10,573 (+33.0%), from €32,005 to €42,578
- Gross operating margin -€6,046
down €6,046 (-8.6%), from €70,215 to €64,169
- Taxes -€3,544
down €3,544 (-47.1%), from €7,530 to €3,985
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 | €223,747 | €250,537 | +€26,790 | +12.0% |
| Fixed assets | 21/28 | €8,879 | €5,369 | -€3,510 | -39.5% |
| Intangible fixed assets | 21 | €439 | €308 | -€132 | -30.0% |
| Tangible fixed assets | 22/27 | €8,440 | €5,061 | -€3,379 | -40.0% |
| Plant, machinery and equipment | 23 | €4,177 | €2,349 | -€1,828 | -43.8% |
| Furniture and vehicles | 24 | €4,263 | €2,713 | -€1,550 | -36.4% |
| Current assets | 29/58 | €214,867 | €245,168 | +€30,300 | +14.1% |
| Amounts receivable after more than one year | 29 | €11,038 | - | -€11,038 | |
| Trade receivables | 290 | €11,035 | - | -€11,035 | |
| Other amounts receivable | 291 | €4 | - | -€4 | |
| Amounts receivable within one year | 40/41 | - | €8,663 | +€8,663 | |
| Trade receivables | 40 | - | €8,663 | +€8,663 | |
| Cash at bank and in hand | 54/58 | €199,533 | €234,218 | +€34,685 | +17.4% |
| Deferred charges and accrued income | 490/1 | €4,296 | €2,287 | -€2,009 | -46.8% |
| Total equity and liabilities | 10/49 | €223,747 | €250,537 | +€26,790 | +12.0% |
| Equity | 10/15 | €101,975 | €111,927 | +€9,952 | +9.8% |
| Contributions | 10/11 | €5,000 | €5,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | €96,975 | €106,927 | +€9,952 | +10.3% |
| Amounts payable | 17/49 | €121,772 | €138,610 | +€16,838 | +13.8% |
| Amounts payable within one year | 42/48 | €121,772 | €138,610 | +€16,838 | +13.8% |
| Trade debts | 44 | €895 | €232 | -€663 | -74.1% |
| Suppliers | 440/4 | €895 | €232 | -€663 | -74.1% |
| Taxes, remuneration and social security | 45 | €22,068 | €16,052 | -€6,016 | -27.3% |
| Taxes | 450/3 | €22,068 | €16,052 | -€6,016 | -27.3% |
| Other amounts payable | 47/48 | €98,809 | €122,326 | +€23,517 | +23.8% |
| Remuneration, social security and pensions | 62 | €32,005 | €42,578 | +€10,573 | +33.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €3,556 | €3,581 | +€26 | +0.7% |
| Other operating charges | 640/8 | €3,585 | €3,547 | -€38 | -1.1% |
| Gross operating margin | 9900 | €70,215 | €64,169 | -€6,046 | -8.6% |
| Operating profit (loss) | 9901 | €31,069 | €14,462 | -€16,607 | -53.5% |
| Financial income | 75/76B | €44 | €22 | -€22 | -50.2% |
| Recurring financial income | 75 | €44 | €22 | -€22 | -50.2% |
| Financial charges | 65/66B | €16 | €547 | +€531 | +3,298% |
| Recurring financial charges | 65 | €16 | €547 | +€531 | +3,298% |
| Profit (loss) for the period before taxes | 9903 | €31,097 | €13,937 | -€17,160 | -55.2% |
| Income taxes | 67/77 | €7,530 | €3,985 | -€3,544 | -47.1% |
| Profit (loss) for the period | 9904 | €23,568 | €9,952 | -€13,616 | -57.8% |
| Profit (loss) for the period to be appropriated | 9905 | €23,568 | €9,952 | -€13,616 | -57.8% |
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 13 October 2026 via checked.be.