HITRA: 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.
HITRA
Largest movements
- Cash -€698,356
down €698,356 (-97.7%), from €714,711 to €16,356
mainly Investment in fixed assets (net) (-€634,666) and Trade debts (-€197,972)
- Tangible fixed assets +€583,939
up €583,939 (+86.3%), from €676,990 to €1.3m
of which Land and buildings: +€605,839
- Current investments +€119,683
new in 2025: €119,683
- Receivables within one year -€115,543
down €115,543 (-18.9%), from €611,525 to €495,982
of which Trade receivables: -€119,223
- Trade debts -€197,972
down €197,972 (-71.1%), from €278,304 to €80,332
- Profit (loss) carried forward +€93,082
up €93,082 (+19.2%), from €483,880 to €576,961
- Gross operating margin -€68,208
down €68,208 (-20.8%), from €327,576 to €259,368
- Taxes -€23,332
down €23,332 (-48.6%), from €47,959 to €24,627
- Depreciation +€12,991
up €12,991 (+34.4%), from €37,735 to €50,726
- Financial income +€12,254
up €12,254 (+102714.8%), from €12 to €12,266
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 | €2,005,237 | €1,894,725 | -€110,513 | -5.5% |
| Fixed assets | 21/28 | €676,990 | €1,260,929 | +€583,939 | +86.3% |
| Intangible fixed assets | 21 | €0 | €0 | = | |
| Tangible fixed assets | 22/27 | €676,990 | €1,260,929 | +€583,939 | +86.3% |
| Land and buildings | 22 | €646,750 | €1,252,589 | +€605,839 | +93.7% |
| Plant, machinery and equipment | 23 | €0 | €0 | = | |
| Furniture and vehicles | 24 | €30,240 | €8,340 | -€21,900 | -72.4% |
| Current assets | 29/58 | €1,328,247 | €633,795 | -€694,452 | -52.3% |
| Amounts receivable within one year | 40/41 | €611,525 | €495,982 | -€115,543 | -18.9% |
| Trade receivables | 40 | €595,484 | €476,260 | -€119,223 | -20.0% |
| Other amounts receivable | 41 | €16,041 | €19,721 | +€3,680 | +22.9% |
| Current investments | 50/53 | - | €119,683 | +€119,683 | |
| Cash at bank and in hand | 54/58 | €714,711 | €16,356 | -€698,356 | -97.7% |
| Deferred charges and accrued income | 490/1 | €2,011 | €1,775 | -€236 | -11.7% |
| Total equity and liabilities | 10/49 | €2,005,237 | €1,894,725 | -€110,513 | -5.5% |
| Equity | 10/15 | €1,704,947 | €1,798,028 | +€93,082 | +5.5% |
| Contributions | 10/11 | €1,007,000 | €1,007,000 | = | 0.0% |
| Capital | 10 | €1,007,000 | €1,007,000 | = | 0.0% |
| Issued capital | 100 | €1,007,000 | €1,007,000 | = | 0.0% |
| Reserves | 13 | €214,067 | €214,067 | = | 0.0% |
| Non-distributable reserves | 130/1 | €100,700 | €100,700 | = | 0.0% |
| Legal reserve | 130 | €100,700 | €100,700 | = | 0.0% |
| Tax-exempt reserves | 132 | €113,367 | €113,367 | = | 0.0% |
| Profit (loss) carried forward | 14 | €483,880 | €576,961 | +€93,082 | +19.2% |
| Provisions and deferred taxes | 16 | €4,000 | €4,000 | = | 0.0% |
| Provisions for liabilities and charges | 160/5 | €4,000 | €4,000 | = | 0.0% |
| Other liabilities and charges | 164/5 | €4,000 | €4,000 | = | 0.0% |
| Amounts payable | 17/49 | €296,291 | €92,696 | -€203,595 | -68.7% |
| Amounts payable within one year | 42/48 | €296,249 | €92,654 | -€203,595 | -68.7% |
| Trade debts | 44 | €278,304 | €80,332 | -€197,972 | -71.1% |
| Suppliers | 440/4 | €278,304 | €80,332 | -€197,972 | -71.1% |
| Taxes, remuneration and social security | 45 | €15,184 | €9,162 | -€6,022 | -39.7% |
| Taxes | 450/3 | €8,484 | €1,510 | -€6,974 | -82.2% |
| Remuneration and social security | 454/9 | €6,700 | €7,652 | +€952 | +14.2% |
| Other amounts payable | 47/48 | €2,760 | €3,160 | +€400 | +14.5% |
| Accrued charges and deferred income | 492/3 | €42 | €42 | = | 0.0% |
| Remuneration, social security and pensions | 62 | €79,348 | €81,585 | +€2,237 | +2.8% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €37,735 | €50,726 | +€12,991 | +34.4% |
| Provisions for liabilities and charges: additions (uses and reversals) | 635/8 | €0 | €0 | = | |
| Other operating charges | 640/8 | €22,788 | €20,998 | -€1,790 | -7.9% |
| Gross operating margin | 9900 | €327,576 | €259,368 | -€68,208 | -20.8% |
| Operating profit (loss) | 9901 | €187,705 | €106,059 | -€81,646 | -43.5% |
| Financial income | 75/76B | €12 | €12,266 | +€12,254 | +102714.8% |
| Recurring financial income | 75 | €12 | €12,266 | +€12,254 | +102714.8% |
| Financial charges | 65/66B | €182 | €616 | +€434 | +238.3% |
| Recurring financial charges | 65 | €182 | €616 | +€434 | +238.3% |
| Profit (loss) for the period before taxes | 9903 | €187,534 | €117,709 | -€69,826 | -37.2% |
| Income taxes | 67/77 | €47,959 | €24,627 | -€23,332 | -48.6% |
| Profit (loss) for the period | 9904 | €139,575 | €93,082 | -€46,494 | -33.3% |
| Profit (loss) for the period to be appropriated | 9905 | €139,575 | €93,082 | -€46,494 | -33.3% |
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.