HITlatem: 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.
HITlatem
Largest movements
- Cash +€10,210
up €10,210 (+48.6%), from €21,029 to €31,239
mainly Net result for the year (+€20,608) and Depreciation (+€20,374)
- Receivables within one year +€9,416
up €9,416 (+20.5%), from €45,988 to €55,404
of which Other amounts receivable: +€11,140
- Tangible fixed assets -€8,956
down €8,956 (-14.7%), from €61,041 to €52,086
of which Furniture and vehicles: -€11,538
- Reserves +€20,608
up €20,608 (+69.9%), from €29,463 to €50,071
- Accrued charges and deferred income +€15,083
up €15,083 (+81.1%), from €18,592 to €33,675
- Debts after one year -€14,547
down €14,547 (-44.5%), from €32,696 to €18,149
- Trade debts -€6,155
down €6,155 (-40.4%), from €15,234 to €9,079
- Tax, wage and social debts -€4,379
down €4,379 (-27.4%), from €15,998 to €11,619
- Gross operating margin +€12,570
up €12,570 (+29.7%), from €42,278 to €54,848
- Taxes +€4,418
up €4,418 (+72.1%), from €6,125 to €10,544
- Depreciation +€1,060
up €1,060 (+5.5%), from €19,314 to €20,374
- Other operating charges -€916
down €916 (-51.0%), from €1,793 to €878
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 | €128,924 | €140,139 | +€11,215 | +8.7% |
| Fixed assets | 21/28 | €61,042 | €52,087 | -€8,956 | -14.7% |
| Intangible fixed assets | 21 | €1 | €1 | = | 0.0% |
| Tangible fixed assets | 22/27 | €61,041 | €52,086 | -€8,956 | -14.7% |
| Plant, machinery and equipment | 23 | €7,999 | €8,291 | +€292 | +3.7% |
| Furniture and vehicles | 24 | €48,301 | €36,762 | -€11,538 | -23.9% |
| Other tangible fixed assets | 26 | €4,742 | €7,033 | +€2,291 | +48.3% |
| Current assets | 29/58 | €67,882 | €88,053 | +€20,171 | +29.7% |
| Amounts receivable within one year | 40/41 | €45,988 | €55,404 | +€9,416 | +20.5% |
| Trade receivables | 40 | €1,724 | - | -€1,724 | |
| Other amounts receivable | 41 | €44,264 | €55,404 | +€11,140 | +25.2% |
| Cash at bank and in hand | 54/58 | €21,029 | €31,239 | +€10,210 | +48.6% |
| Deferred charges and accrued income | 490/1 | €865 | €1,410 | +€545 | +63.0% |
| Total equity and liabilities | 10/49 | €128,924 | €140,139 | +€11,215 | +8.7% |
| Equity | 10/15 | €32,463 | €53,071 | +€20,608 | +63.5% |
| Contributions | 10/11 | €3,000 | €3,000 | = | 0.0% |
| Reserves | 13 | €29,463 | €50,071 | +€20,608 | +69.9% |
| Distributable reserves | 133 | €29,463 | €50,071 | +€20,608 | +69.9% |
| Amounts payable | 17/49 | €96,461 | €87,069 | -€9,393 | -9.7% |
| Amounts payable after more than one year | 17 | €32,696 | €18,149 | -€14,547 | -44.5% |
| Financial debts | 170/4 | €32,696 | €18,149 | -€14,547 | -44.5% |
| Amounts payable within one year | 42/48 | €45,174 | €35,245 | -€9,929 | -22.0% |
| Current portion of amounts payable after more than one year | 42 | €13,942 | €14,547 | +€605 | +4.3% |
| Trade debts | 44 | €15,234 | €9,079 | -€6,155 | -40.4% |
| Suppliers | 440/4 | €15,234 | €9,079 | -€6,155 | -40.4% |
| Taxes, remuneration and social security | 45 | €15,998 | €11,619 | -€4,379 | -27.4% |
| Taxes | 450/3 | €15,998 | €11,619 | -€4,379 | -27.4% |
| Accrued charges and deferred income | 492/3 | €18,592 | €33,675 | +€15,083 | +81.1% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €19,314 | €20,374 | +€1,060 | +5.5% |
| Other operating charges | 640/8 | €1,793 | €878 | -€916 | -51.0% |
| Gross operating margin | 9900 | €42,278 | €54,848 | +€12,570 | +29.7% |
| Operating profit (loss) | 9901 | €21,171 | €33,596 | +€12,425 | +58.7% |
| Financial income | 75/76B | €8 | €158 | +€150 | +1,837% |
| Recurring financial income | 75 | €8 | €158 | +€150 | +1,837% |
| Financial charges | 65/66B | €3,070 | €2,603 | -€468 | -15.2% |
| Recurring financial charges | 65 | €3,070 | €2,603 | -€468 | -15.2% |
| Profit (loss) for the period before taxes | 9903 | €18,109 | €31,151 | +€13,043 | +72.0% |
| Income taxes | 67/77 | €6,125 | €10,544 | +€4,418 | +72.1% |
| Profit (loss) for the period | 9904 | €11,983 | €20,608 | +€8,624 | +72.0% |
| Profit (loss) for the period to be appropriated | 9905 | €11,983 | €20,608 | +€8,624 | +72.0% |
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 25 October 2026 via checked.be.