Hitep: 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.
Hitep
Largest movements
- Cash -€192,840
down €192,840 (-67.6%), from €285,364 to €92,524
mainly Net result for the year (-€153,105) and Receivables within one year (-€66,765)
- Receivables within one year +€66,765
up €66,765 (+52.9%), from €126,108 to €192,873
of which Other amounts receivable: +€47,328
- Receivables after one year -€60,000
down €60,000 (-21.1%), from €285,000 to €225,000
- Tangible fixed assets -€43,279
down €43,279 (-8.8%), from €493,625 to €450,347
of which Land and buildings: -€53,771
- Profit (loss) carried forward -€153,105
down €153,105 (-175.0%), from -€87,502 to -€240,608
- Tax, wage and social debts -€42,550
down €42,550 (-99.2%), from €42,872 to €322
- Reserves -€35,000
down €35,000 (-3.0%), from €1.2m to €1.1m
of which Distributable reserves: -€35,000
- Financial charges -€26,554
down €26,554 (-93.4%), from €28,439 to €1,885
of which Non-recurring financial charges: -€25,657
- Staff costs -€12,753
no longer reported in 2025 (was €12,753)
- Gross operating margin -€9,512
down €9,512 (-14.1%), from -€67,421 to -€76,933
- Depreciation +€4,632
up €4,632 (+6.6%), from €69,960 to €74,592
- Financial income -€3,874
down €3,874 (-34.4%), from €11,271 to €7,396
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 | €1,256,443 | €1,023,122 | -€233,321 | -18.6% |
| Fixed assets | 21/28 | €498,875 | €455,597 | -€43,279 | -8.7% |
| Tangible fixed assets | 22/27 | €493,625 | €450,347 | -€43,279 | -8.8% |
| Land and buildings | 22 | €447,106 | €393,335 | -€53,771 | -12.0% |
| Plant, machinery and equipment | 23 | €40,867 | €54,841 | +€13,974 | +34.2% |
| Furniture and vehicles | 24 | €5,652 | €2,170 | -€3,482 | -61.6% |
| Financial fixed assets | 28 | €5,250 | €5,250 | = | 0.0% |
| Current assets | 29/58 | €757,568 | €567,526 | -€190,042 | -25.1% |
| Amounts receivable after more than one year | 29 | €285,000 | €225,000 | -€60,000 | -21.1% |
| Other amounts receivable | 291 | €285,000 | €225,000 | -€60,000 | -21.1% |
| Amounts receivable within one year | 40/41 | €126,108 | €192,873 | +€66,765 | +52.9% |
| Trade receivables | 40 | €1,307 | €20,745 | +€19,438 | +1486.6% |
| Other amounts receivable | 41 | €124,801 | €172,128 | +€47,328 | +37.9% |
| Cash at bank and in hand | 54/58 | €285,364 | €92,524 | -€192,840 | -67.6% |
| Deferred charges and accrued income | 490/1 | €61,095 | €57,128 | -€3,968 | -6.5% |
| Total equity and liabilities | 10/49 | €1,256,443 | €1,023,122 | -€233,321 | -18.6% |
| Equity | 10/15 | €1,080,008 | €891,902 | -€188,105 | -17.4% |
| Contributions | 10/11 | €12,400 | €12,400 | = | 0.0% |
| Reserves | 13 | €1,155,110 | €1,120,110 | -€35,000 | -3.0% |
| Tax-exempt reserves | 132 | €56,250 | €56,250 | = | 0.0% |
| Distributable reserves | 133 | €1,098,860 | €1,063,860 | -€35,000 | -3.2% |
| Profit (loss) carried forward | 14 | -€87,502 | -€240,608 | -€153,105 | -175.0% |
| Amounts payable | 17/49 | €176,435 | €131,220 | -€45,215 | -25.6% |
| Amounts payable after more than one year | 17 | €127,945 | €127,372 | -€573 | -0.4% |
| Other amounts payable | 178/9 | €127,945 | €127,372 | -€573 | -0.4% |
| Amounts payable within one year | 42/48 | €47,135 | €3,848 | -€43,287 | -91.8% |
| Trade debts | 44 | €4,264 | €3,526 | -€737 | -17.3% |
| Suppliers | 440/4 | €4,264 | €3,526 | -€737 | -17.3% |
| Taxes, remuneration and social security | 45 | €42,872 | €322 | -€42,550 | -99.2% |
| Taxes | 450/3 | €42,872 | €322 | -€42,550 | -99.2% |
| Accrued charges and deferred income | 492/3 | €1,355 | - | -€1,355 | |
| Remuneration, social security and pensions | 62 | €12,753 | - | -€12,753 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €69,960 | €74,592 | +€4,632 | +6.6% |
| Other operating charges | 640/8 | €6,859 | €7,092 | +€233 | +3.4% |
| Gross operating margin | 9900 | -€67,421 | -€76,933 | -€9,512 | -14.1% |
| Operating profit (loss) | 9901 | -€156,992 | -€158,616 | -€1,624 | -1.0% |
| Financial income | 75/76B | €11,271 | €7,396 | -€3,874 | -34.4% |
| Recurring financial income | 75 | €11,271 | €7,396 | -€3,874 | -34.4% |
| Financial charges | 65/66B | €28,439 | €1,885 | -€26,554 | -93.4% |
| Recurring financial charges | 65 | €2,782 | €1,885 | -€897 | -32.2% |
| Non-recurring financial charges | 66B | €25,657 | - | -€25,657 | |
| Profit (loss) for the period before taxes | 9903 | -€174,160 | -€153,105 | +€21,055 | +12.1% |
| Profit (loss) for the period | 9904 | -€174,160 | -€153,105 | +€21,055 | +12.1% |
| Profit (loss) for the period to be appropriated | 9905 | -€174,160 | -€153,105 | +€21,055 | +12.1% |
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 9 October 2026 via checked.be.