HITEK: 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.
HITEK
Largest movements
- Cash -€83,025
down €83,025 (-67.4%), from €123,211 to €40,186
mainly Investment in fixed assets (net) (-€46,990) and Contributions, distributions and other (-€45,000)
- Tangible fixed assets +€40,296
new in 2025: €40,296
- Receivables within one year +€27,413
up €27,413 (+203.4%), from €13,479 to €40,892
of which Trade receivables: +€25,144
- Reserves -€12,117
down €12,117 (-12.0%), from €101,045 to €88,928
- Tax, wage and social debts -€4,075
down €4,075 (-24.5%), from €16,659 to €12,584
of which Taxes: -€3,903
- Gross operating margin -€15,110
down €15,110 (-23.6%), from €64,160 to €49,049
- Depreciation +€6,694
new in 2025: €6,694
- Taxes -€4,831
down €4,831 (-35.6%), from €13,562 to €8,731
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 | €137,412 | €121,822 | -€15,590 | -11.3% |
| Fixed assets | 21/28 | - | €40,296 | +€40,296 | |
| Tangible fixed assets | 22/27 | - | €40,296 | +€40,296 | |
| Furniture and vehicles | 24 | - | €40,296 | +€40,296 | |
| Current assets | 29/58 | €137,412 | €81,526 | -€55,886 | -40.7% |
| Amounts receivable within one year | 40/41 | €13,479 | €40,892 | +€27,413 | +203.4% |
| Trade receivables | 40 | €13,479 | €38,623 | +€25,144 | +186.5% |
| Other amounts receivable | 41 | - | €2,269 | +€2,269 | |
| Cash at bank and in hand | 54/58 | €123,211 | €40,186 | -€83,025 | -67.4% |
| Deferred charges and accrued income | 490/1 | €722 | €448 | -€273 | -37.9% |
| Total equity and liabilities | 10/49 | €137,412 | €121,822 | -€15,590 | -11.3% |
| Equity | 10/15 | €119,645 | €107,528 | -€12,117 | -10.1% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €101,045 | €88,928 | -€12,117 | -12.0% |
| Distributable reserves | 133 | €101,045 | €88,928 | -€12,117 | -12.0% |
| Amounts payable | 17/49 | €17,767 | €14,294 | -€3,473 | -19.5% |
| Amounts payable within one year | 42/48 | €17,767 | €14,294 | -€3,473 | -19.5% |
| Trade debts | 44 | €136 | €1,140 | +€1,004 | +739.6% |
| Suppliers | 440/4 | €136 | €1,140 | +€1,004 | +739.6% |
| Taxes, remuneration and social security | 45 | €16,659 | €12,584 | -€4,075 | -24.5% |
| Taxes | 450/3 | €16,487 | €12,584 | -€3,903 | -23.7% |
| Remuneration and social security | 454/9 | €172 | - | -€172 | |
| Other amounts payable | 47/48 | €972 | €570 | -€402 | -41.3% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | - | €6,694 | +€6,694 | |
| Other operating charges | 640/8 | €972 | €518 | -€454 | -46.7% |
| Gross operating margin | 9900 | €64,160 | €49,049 | -€15,110 | -23.6% |
| Operating profit (loss) | 9901 | €63,188 | €41,837 | -€21,351 | -33.8% |
| Financial income | 75/76B | - | €1 | +€1 | |
| Recurring financial income | 75 | - | €1 | +€1 | |
| Financial charges | 65/66B | €191 | €224 | +€33 | +17.1% |
| Recurring financial charges | 65 | €191 | €224 | +€33 | +17.1% |
| Profit (loss) for the period before taxes | 9903 | €62,996 | €41,614 | -€21,383 | -33.9% |
| Income taxes | 67/77 | €13,562 | €8,731 | -€4,831 | -35.6% |
| Profit (loss) for the period | 9904 | €49,434 | €32,883 | -€16,551 | -33.5% |
| Profit (loss) for the period to be appropriated | 9905 | €49,434 | €32,883 | -€16,551 | -33.5% |
Source: filed annual accounts (NBB), fiscal years ended 31 December 2024 and 31 December 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 3 October 2026 via checked.be.