HS TECH: 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.
HS TECH
Largest movements
- Receivables within one year +€23,170
up €23,170 (+52.4%), from €44,217 to €67,387
of which Other amounts receivable: +€54,419
- Cash +€8,567
up €8,567 (+84.4%), from €10,147 to €18,714
- Deferred charges and accrued income +€3,623
up €3,623 (+81.8%), from €4,427 to €8,050
- Tangible fixed assets -€2,185
no longer reported in 2025 (was €2,185)
of which Plant, machinery and equipment: -€1,295
- Profit (loss) carried forward +€27,437
up €27,437 (+58.6%), from €46,842 to €74,279
- Tax, wage and social debts +€11,952
up €11,952 (+409.4%), from €2,919 to €14,871
of which Taxes: +€10,659
- Trade debts -€5,338
no longer reported in 2025 (was €5,338)
- Gross operating margin -€5,974
down €5,974 (-34.0%), from €17,590 to €11,615
- Staff costs +€3,646
new in 2025: €3,646
- Depreciation -€2,206
down €2,206 (-80.3%), from €2,745 to €540
- Other operating charges +€717
up €717 (+126.9%), from €565 to €1,281
- Financial charges -€598
down €598 (-79.9%), from €748 to €150
From the 2023 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
A cash bridge needs two consecutive fiscal years: one year's result and depreciation cannot explain a change over several years. Pick two years that follow each other.
Every line side by side
| Line | Code | 2023 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €60,976 | €94,150 | +€33,175 | +54.4% |
| Fixed assets | 21/28 | €2,185 | - | -€2,185 | |
| Tangible fixed assets | 22/27 | €2,185 | - | -€2,185 | |
| Plant, machinery and equipment | 23 | €1,295 | - | -€1,295 | |
| Furniture and vehicles | 24 | €890 | - | -€890 | |
| Current assets | 29/58 | €58,791 | €94,150 | +€35,360 | +60.1% |
| Amounts receivable within one year | 40/41 | €44,217 | €67,387 | +€23,170 | +52.4% |
| Trade receivables | 40 | €40,626 | €9,377 | -€31,249 | -76.9% |
| Other amounts receivable | 41 | €3,591 | €58,010 | +€54,419 | +1515.3% |
| Cash at bank and in hand | 54/58 | €10,147 | €18,714 | +€8,567 | +84.4% |
| Deferred charges and accrued income | 490/1 | €4,427 | €8,050 | +€3,623 | +81.8% |
| Total equity and liabilities | 10/49 | €60,976 | €94,150 | +€33,175 | +54.4% |
| Equity | 10/15 | €51,842 | €79,279 | +€27,437 | +52.9% |
| Contributions | 10/11 | €5,000 | €5,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | €46,842 | €74,279 | +€27,437 | +58.6% |
| Amounts payable | 17/49 | €9,133 | €14,871 | +€5,738 | +62.8% |
| Amounts payable within one year | 42/48 | €9,133 | €14,871 | +€5,738 | +62.8% |
| Trade debts | 44 | €5,338 | - | -€5,338 | |
| Suppliers | 440/4 | €5,338 | - | -€5,338 | |
| Taxes, remuneration and social security | 45 | €2,919 | €14,871 | +€11,952 | +409.4% |
| Taxes | 450/3 | €2,919 | €13,579 | +€10,659 | +365.1% |
| Remuneration and social security | 454/9 | - | €1,293 | +€1,293 | |
| Other amounts payable | 47/48 | €876 | - | -€876 | |
| Remuneration, social security and pensions | 62 | - | €3,646 | +€3,646 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €2,745 | €540 | -€2,206 | -80.3% |
| Other operating charges | 640/8 | €565 | €1,281 | +€717 | +126.9% |
| Gross operating margin | 9900 | €17,590 | €11,615 | -€5,974 | -34.0% |
| Operating profit (loss) | 9901 | €14,280 | €6,149 | -€8,131 | -56.9% |
| Financial income | 75/76B | €20 | €3 | -€17 | -87.2% |
| Recurring financial income | 75 | €20 | €3 | -€17 | -87.2% |
| Financial charges | 65/66B | €748 | €150 | -€598 | -79.9% |
| Recurring financial charges | 65 | €748 | €150 | -€598 | -79.9% |
| Profit (loss) for the period before taxes | 9903 | €13,552 | €6,001 | -€7,551 | -55.7% |
| Income taxes | 67/77 | €1,874 | €1,497 | -€378 | -20.2% |
| Profit (loss) for the period | 9904 | €11,678 | €4,504 | -€7,173 | -61.4% |
| Profit (loss) for the period to be appropriated | 9905 | €11,678 | €4,504 | -€7,173 | -61.4% |
Source: filed annual accounts (NBB), fiscal years ended 31 December 2023 and 31 December 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 5 October 2026 via checked.be.