HS-TECHNICS: 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.
HS-TECHNICS
Largest movements
- Receivables within one year +€22,545
up €22,545 (+117%), from €19,265 to €41,810
of which Trade receivables: +€24,808
- Tangible fixed assets -€9,380
down €9,380 (-29.3%), from €31,980 to €22,600
of which Furniture and vehicles: -€7,029
- Cash -€6,708
down €6,708 (-71.2%), from €9,422 to €2,714
mainly Receivables within one year (-€22,545) and Contributions, distributions and other (-€9,500)
- Profit (loss) carried forward +€12,595
up €12,595, from -€4,820 to €7,775
- Reserves -€9,500
down €9,500 (-46.3%), from €20,503 to €11,003
of which Distributable reserves: -€7,640
- Trade debts +€8,240
up €8,240 (+684%), from €1,204 to €9,444
- Debts after one year -€5,142
down €5,142 (-41.6%), from €12,368 to €7,226
- Gross operating margin +€21,263
up €21,263 (+259%), from €8,224 to €29,487
- Taxes +€4,756
new in 2025: €4,756
- Other operating charges -€693
down €693 (-47.6%), from €1,458 to €765
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 | €60,771 | €67,191 | +€6,419 | +10.6% |
| Fixed assets | 21/28 | €31,980 | €22,600 | -€9,380 | -29.3% |
| Tangible fixed assets | 22/27 | €31,980 | €22,600 | -€9,380 | -29.3% |
| Plant, machinery and equipment | 23 | €4,516 | €2,315 | -€2,201 | -48.7% |
| Furniture and vehicles | 24 | €26,747 | €19,718 | -€7,029 | -26.3% |
| Other tangible fixed assets | 26 | €716 | €566 | -€150 | -20.9% |
| Current assets | 29/58 | €28,792 | €44,591 | +€15,799 | +54.9% |
| Amounts receivable within one year | 40/41 | €19,265 | €41,810 | +€22,545 | +117% |
| Trade receivables | 40 | €4,391 | €29,199 | +€24,808 | +565% |
| Other amounts receivable | 41 | €14,874 | €12,611 | -€2,263 | -15.2% |
| Cash at bank and in hand | 54/58 | €9,422 | €2,714 | -€6,708 | -71.2% |
| Deferred charges and accrued income | 490/1 | €105 | €68 | -€37 | -35.5% |
| Total equity and liabilities | 10/49 | €60,771 | €67,191 | +€6,419 | +10.6% |
| Equity | 10/15 | €34,283 | €37,379 | +€3,095 | +9.0% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €20,503 | €11,003 | -€9,500 | -46.3% |
| Non-distributable reserves | 130/1 | €1,860 | - | -€1,860 | |
| Reserves not available under the articles | 1311 | €1,860 | - | -€1,860 | |
| Distributable reserves | 133 | €18,643 | €11,003 | -€7,640 | -41.0% |
| Profit (loss) carried forward | 14 | -€4,820 | €7,775 | +€12,595 | |
| Amounts payable | 17/49 | €26,488 | €29,812 | +€3,324 | +12.5% |
| Amounts payable after more than one year | 17 | €12,368 | €7,226 | -€5,142 | -41.6% |
| Financial debts | 170/4 | €12,368 | €7,226 | -€5,142 | -41.6% |
| Amounts payable within one year | 42/48 | €14,120 | €22,586 | +€8,466 | +60.0% |
| Current portion of amounts payable after more than one year | 42 | €4,916 | €5,142 | +€226 | +4.6% |
| Financial debts | 43 | €8,000 | €8,000 | = | 0.0% |
| Credit institutions | 430/8 | €8,000 | €8,000 | = | 0.0% |
| Trade debts | 44 | €1,204 | €9,444 | +€8,240 | +684% |
| Suppliers | 440/4 | €1,204 | €9,444 | +€8,240 | +684% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €10,213 | €10,215 | +€2 | 0.0% |
| Other operating charges | 640/8 | €1,458 | €765 | -€693 | -47.6% |
| Gross operating margin | 9900 | €8,224 | €29,487 | +€21,263 | +259% |
| Operating profit (loss) | 9901 | -€3,447 | €18,507 | +€21,955 | |
| Financial income | 75/76B | €11 | - | -€11 | |
| Recurring financial income | 75 | €11 | - | -€11 | |
| Financial charges | 65/66B | €1,383 | €1,156 | -€227 | -16.4% |
| Recurring financial charges | 65 | €1,383 | €1,156 | -€227 | -16.4% |
| Profit (loss) for the period before taxes | 9903 | -€4,820 | €17,351 | +€22,171 | |
| Income taxes | 67/77 | - | €4,756 | +€4,756 | |
| Profit (loss) for the period | 9904 | -€4,820 | €12,595 | +€17,415 | |
| Profit (loss) for the period to be appropriated | 9905 | -€4,820 | €12,595 | +€17,415 |
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 17 October 2026 via checked.be.