HITECH SERVICES: what changed
Two fiscal 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 SERVICES
Largest movements
- Cash -€8,058
down €8,058 (-27.7%), from €29,075 to €21,017
mainly Trade debts (-€16,148) and Investment in fixed assets (net) (-€1,936)
- Tangible fixed assets +€733
up €733 (+18.6%), from €3,951 to €4,684
of which Furniture and vehicles: +€1,352
- Receivables within one year -€642
down €642 (-5.3%), from €12,174 to €11,532
of which Trade receivables: -€2,101
- Trade debts -€16,148
down €16,148 (-47.3%), from €34,134 to €17,986
- Advances received +€5,589
new in 2024: €5,589
- Other debts +€1,863
up €1,863 (+1321.3%), from €141 to €2,004
- Profit (loss) carried forward +€1,673
up €1,673 (+37.6%), from €4,446 to €6,119
- Tax, wage and social debts -€944
down €944 (-34.5%), from €2,736 to €1,792
of which Taxes: -€944
- Gross operating margin -€10,957
down €10,957 (-76.9%), from €14,253 to €3,296
- Staff costs -€6,631
no longer reported in 2024 (was €6,631)
- Other operating charges -€1,370
down €1,370 (-91.3%), from €1,500 to €130
- Taxes -€1,177
down €1,177 (-98.1%), from €1,200 to €23
- Depreciation +€834
up €834 (+226.0%), from €369 to €1,203
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.
Cash bridge derived
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 | €45,457 | €37,490 | -€7,967 | -17.5% |
| Fixed assets | 21/28 | €4,208 | €4,941 | +€733 | +17.4% |
| Tangible fixed assets | 22/27 | €3,951 | €4,684 | +€733 | +18.6% |
| Plant, machinery and equipment | 23 | €2,746 | €2,127 | -€619 | -22.5% |
| Furniture and vehicles | 24 | €1,205 | €2,557 | +€1,352 | +112.2% |
| Financial fixed assets | 28 | €257 | €257 | = | 0.0% |
| Current assets | 29/58 | €41,249 | €32,549 | -€8,700 | -21.1% |
| Amounts receivable within one year | 40/41 | €12,174 | €11,532 | -€642 | -5.3% |
| Trade receivables | 40 | €12,139 | €10,038 | -€2,101 | -17.3% |
| Other amounts receivable | 41 | €35 | €1,494 | +€1,459 | +4168.6% |
| Cash at bank and in hand | 54/58 | €29,075 | €21,017 | -€8,058 | -27.7% |
| Total equity and liabilities | 10/49 | €45,457 | €37,490 | -€7,967 | -17.5% |
| Equity | 10/15 | €8,446 | €10,119 | +€1,673 | +19.8% |
| Contributions | 10/11 | €4,000 | €4,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | €4,446 | €6,119 | +€1,673 | +37.6% |
| Amounts payable | 17/49 | €37,011 | €27,371 | -€9,640 | -26.0% |
| Amounts payable within one year | 42/48 | €37,011 | €27,371 | -€9,640 | -26.0% |
| Trade debts | 44 | €34,134 | €17,986 | -€16,148 | -47.3% |
| Suppliers | 440/4 | €34,134 | €17,986 | -€16,148 | -47.3% |
| Advances received on contracts in progress | 46 | - | €5,589 | +€5,589 | |
| Taxes, remuneration and social security | 45 | €2,736 | €1,792 | -€944 | -34.5% |
| Taxes | 450/3 | €2,349 | €1,405 | -€944 | -40.2% |
| Remuneration and social security | 454/9 | €387 | €387 | = | 0.0% |
| Other amounts payable | 47/48 | €141 | €2,004 | +€1,863 | +1321.3% |
| Remuneration, social security and pensions | 62 | €6,631 | - | -€6,631 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €369 | €1,203 | +€834 | +226.0% |
| Other operating charges | 640/8 | €1,500 | €130 | -€1,370 | -91.3% |
| Gross operating margin | 9900 | €14,253 | €3,296 | -€10,957 | -76.9% |
| Operating profit (loss) | 9901 | €5,753 | €1,963 | -€3,790 | -65.9% |
| Financial charges | 65/66B | €107 | €267 | +€160 | +149.5% |
| Recurring financial charges | 65 | €107 | €267 | +€160 | +149.5% |
| Profit (loss) for the period before taxes | 9903 | €5,646 | €1,696 | -€3,950 | -70.0% |
| Income taxes | 67/77 | €1,200 | €23 | -€1,177 | -98.1% |
| Profit (loss) for the period | 9904 | €4,446 | €1,673 | -€2,773 | -62.4% |
| Profit (loss) for the period to be appropriated | 9905 | €4,446 | €1,673 | -€2,773 | -62.4% |
Source: filed annual accounts (NBB), fiscal years ended 31 December 2023 and 31 December 2024. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 8 October 2026 via checked.be.