HiTEKiS: 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.
HiTEKiS
Largest movements
- Receivables within one year +€63,284
up €63,284 (+307.7%), from €20,569 to €83,853
of which Trade receivables: +€51,576
- Cash -€25,320
down €25,320 (-76.4%), from €33,150 to €7,830
mainly Receivables within one year (-€63,284) and Investment in fixed assets (net) (-€26,811)
- Tangible fixed assets +€8,642
up €8,642 (+3.4%), from €251,129 to €259,771
of which Furniture and vehicles: +€9,201
- Reserves +€46,487
up €46,487 (+46.4%), from €100,229 to €146,715
of which Distributable reserves: +€46,487
- Debts after one year -€16,508
down €16,508 (-12.7%), from €130,339 to €113,831
- Trade debts +€10,271
up €10,271 (+54.7%), from €18,767 to €29,038
- Tax, wage and social debts +€7,274
up €7,274 (+60.4%), from €12,043 to €19,318
of which Taxes: +€5,435
- Gross operating margin +€61,514
up €61,514 (+89.3%), from €68,868 to €130,382
- Taxes +€10,768
up €10,768 (+426.5%), from €2,524 to €13,292
- Other operating charges +€5,419
up €5,419 (+156.3%), from €3,468 to €8,888
- Staff costs +€1,407
up €1,407 (+3.8%), from €37,324 to €38,731
- Depreciation +€1,323
up €1,323 (+7.9%), from €16,846 to €18,169
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 | €310,320 | €355,982 | +€45,662 | +14.7% |
| Fixed assets | 21/28 | €251,129 | €259,771 | +€8,642 | +3.4% |
| Tangible fixed assets | 22/27 | €251,129 | €259,771 | +€8,642 | +3.4% |
| Land and buildings | 22 | €235,510 | €236,383 | +€873 | +0.4% |
| Furniture and vehicles | 24 | €10,636 | €19,838 | +€9,201 | +86.5% |
| Other tangible fixed assets | 26 | €4,983 | €3,551 | -€1,433 | -28.8% |
| Current assets | 29/58 | €59,191 | €96,211 | +€37,020 | +62.5% |
| Amounts receivable within one year | 40/41 | €20,569 | €83,853 | +€63,284 | +307.7% |
| Trade receivables | 40 | €13,093 | €64,669 | +€51,576 | +393.9% |
| Other amounts receivable | 41 | €7,476 | €19,183 | +€11,708 | +156.6% |
| Cash at bank and in hand | 54/58 | €33,150 | €7,830 | -€25,320 | -76.4% |
| Deferred charges and accrued income | 490/1 | €5,472 | €4,528 | -€944 | -17.2% |
| Total equity and liabilities | 10/49 | €310,320 | €355,982 | +€45,662 | +14.7% |
| Equity | 10/15 | €113,430 | €159,916 | +€46,487 | +41.0% |
| Contributions | 10/11 | €13,201 | €13,201 | = | 0.0% |
| Reserves | 13 | €100,229 | €146,715 | +€46,487 | +46.4% |
| Non-distributable reserves | 130/1 | €1,860 | €1,860 | = | 0.0% |
| Reserves not available under the articles | 1311 | €1,860 | €1,860 | = | 0.0% |
| Distributable reserves | 133 | €98,369 | €144,855 | +€46,487 | +47.3% |
| Amounts payable | 17/49 | €196,891 | €196,066 | -€825 | -0.4% |
| Amounts payable after more than one year | 17 | €130,339 | €113,831 | -€16,508 | -12.7% |
| Financial debts | 170/4 | €130,339 | €113,831 | -€16,508 | -12.7% |
| Amounts payable within one year | 42/48 | €66,507 | €82,235 | +€15,728 | +23.6% |
| Current portion of amounts payable after more than one year | 42 | €16,112 | €16,508 | +€396 | +2.5% |
| Financial debts | 43 | €6,922 | €3,409 | -€3,513 | -50.7% |
| Credit institutions | 430/8 | €6,922 | €3,409 | -€3,513 | -50.7% |
| Trade debts | 44 | €18,767 | €29,038 | +€10,271 | +54.7% |
| Suppliers | 440/4 | €18,767 | €29,038 | +€10,271 | +54.7% |
| Taxes, remuneration and social security | 45 | €12,043 | €19,318 | +€7,274 | +60.4% |
| Taxes | 450/3 | €5,485 | €10,920 | +€5,435 | +99.1% |
| Remuneration and social security | 454/9 | €6,559 | €8,398 | +€1,839 | +28.0% |
| Other amounts payable | 47/48 | €12,663 | €13,963 | +€1,300 | +10.3% |
| Accrued charges and deferred income | 492/3 | €45 | €0 | -€45 | -100.0% |
| Remuneration, social security and pensions | 62 | €37,324 | €38,731 | +€1,407 | +3.8% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €16,846 | €18,169 | +€1,323 | +7.9% |
| Other operating charges | 640/8 | €3,468 | €8,888 | +€5,419 | +156.3% |
| Non-recurring operating charges | 66A | - | €893 | +€893 | |
| Gross operating margin | 9900 | €68,868 | €130,382 | +€61,514 | +89.3% |
| Operating profit (loss) | 9901 | €11,230 | €63,701 | +€52,471 | +467.2% |
| Financial income | 75/76B | €36 | €116 | +€80 | +225.5% |
| Recurring financial income | 75 | €36 | €116 | +€80 | +225.5% |
| Financial charges | 65/66B | €4,389 | €4,038 | -€351 | -8.0% |
| Recurring financial charges | 65 | €4,389 | €4,038 | -€351 | -8.0% |
| Profit (loss) for the period before taxes | 9903 | €6,877 | €59,779 | +€52,902 | +769.3% |
| Income taxes | 67/77 | €2,524 | €13,292 | +€10,768 | +426.5% |
| Profit (loss) for the period | 9904 | €4,352 | €46,487 | +€42,135 | +968.1% |
| Profit (loss) for the period to be appropriated | 9905 | €4,352 | €46,487 | +€42,135 | +968.1% |
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 9 October 2026 via checked.be.