HSTT: 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.
HSTT
Largest movements
- Receivables within one year -€324,032
down €324,032 (-46.4%), from €698,074 to €374,042
of which Trade receivables: -€255,809
- Tangible fixed assets -€244,418
down €244,418 (-37.3%), from €654,674 to €410,256
- Financial fixed assets +€15,000
up €15,000 (+23.3%), from €64,500 to €79,500
- Advances received -€440,103
down €440,103 (-90.9%), from €484,023 to €43,920
- Profit (loss) carried forward -€253,651
down €253,651, from €78,441 to -€175,209
- Tax, wage and social debts +€232,558
up €232,558 (+182.7%), from €127,261 to €359,819
of which Taxes: +€223,305
- Debts after one year -€187,024
down €187,024 (-48.2%), from €387,847 to €200,823
- Current portion of long-term debt +€175,083
up €175,083 (+83.3%), from €210,158 to €385,242
- Other operating charges +€341,913
up €341,913 (+358.9%), from €95,267 to €437,180
- Depreciation +€41,269
up €41,269 (+20.6%), from €200,769 to €242,038
- Staff costs -€24,753
down €24,753 (-5.0%), from €497,483 to €472,729
- Financial charges +€24,003
up €24,003 (+38.5%), from €62,394 to €86,397
- Gross operating margin +€23,982
up €23,982 (+2.5%), from €951,645 to €975,626
From the 2023 result to the 2024 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 2023 and 2024 balance sheets and the 2024 result: not a filed cash-flow statement. It shows where the money came from and went.
Every line side by side
| Line | Code | 2023 | 2024 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €1,480,892 | €935,956 | -€544,936 | -36.8% |
| Fixed assets | 21/28 | €719,174 | €489,756 | -€229,418 | -31.9% |
| Tangible fixed assets | 22/27 | €654,674 | €410,256 | -€244,418 | -37.3% |
| Leasing and similar rights | 25 | €654,674 | €410,256 | -€244,418 | -37.3% |
| Financial fixed assets | 28 | €64,500 | €79,500 | +€15,000 | +23.3% |
| Current assets | 29/58 | €761,719 | €446,201 | -€315,518 | -41.4% |
| Amounts receivable within one year | 40/41 | €698,074 | €374,042 | -€324,032 | -46.4% |
| Trade receivables | 40 | €473,639 | €217,830 | -€255,809 | -54.0% |
| Other amounts receivable | 41 | €224,435 | €156,211 | -€68,223 | -30.4% |
| Cash at bank and in hand | 54/58 | €63,645 | €72,159 | +€8,514 | +13.4% |
| Total equity and liabilities | 10/49 | €1,480,892 | €935,956 | -€544,936 | -36.8% |
| Equity | 10/15 | €98,901 | -€154,749 | -€253,651 | |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €1,860 | €1,860 | = | 0.0% |
| Non-distributable reserves | 130/1 | €1,860 | €1,860 | = | 0.0% |
| Reserves not available under the articles | 1311 | €1,860 | €1,860 | = | 0.0% |
| Profit (loss) carried forward | 14 | €78,441 | -€175,209 | -€253,651 | |
| Amounts payable | 17/49 | €1,381,991 | €1,090,706 | -€291,285 | -21.1% |
| Amounts payable after more than one year | 17 | €387,847 | €200,823 | -€187,024 | -48.2% |
| Financial debts | 170/4 | €387,847 | €200,823 | -€187,024 | -48.2% |
| Amounts payable within one year | 42/48 | €994,143 | €889,882 | -€104,261 | -10.5% |
| Current portion of amounts payable after more than one year | 42 | €210,158 | €385,242 | +€175,083 | +83.3% |
| Trade debts | 44 | €122,701 | €100,901 | -€21,800 | -17.8% |
| Suppliers | 440/4 | €122,701 | €100,901 | -€21,800 | -17.8% |
| Advances received on contracts in progress | 46 | €484,023 | €43,920 | -€440,103 | -90.9% |
| Taxes, remuneration and social security | 45 | €127,261 | €359,819 | +€232,558 | +182.7% |
| Taxes | 450/3 | €65,531 | €288,836 | +€223,305 | +340.8% |
| Remuneration and social security | 454/9 | €61,730 | €70,983 | +€9,253 | +15.0% |
| Other amounts payable | 47/48 | €50,000 | - | -€50,000 | |
| Remuneration, social security and pensions | 62 | €497,483 | €472,729 | -€24,753 | -5.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €200,769 | €242,038 | +€41,269 | +20.6% |
| Other operating charges | 640/8 | €95,267 | €437,180 | +€341,913 | +358.9% |
| Gross operating margin | 9900 | €951,645 | €975,626 | +€23,982 | +2.5% |
| Operating profit (loss) | 9901 | €158,127 | -€176,321 | -€334,448 | |
| Financial income | 75/76B | €4,194 | €11,067 | +€6,873 | +163.9% |
| Recurring financial income | 75 | €4,194 | €9,189 | +€4,995 | +119.1% |
| Non-recurring financial income | 76B | - | €1,878 | +€1,878 | |
| Financial charges | 65/66B | €62,394 | €86,397 | +€24,003 | +38.5% |
| Recurring financial charges | 65 | €62,394 | €86,397 | +€24,003 | +38.5% |
| Profit (loss) for the period before taxes | 9903 | €99,927 | -€251,651 | -€351,578 | |
| Income taxes | 67/77 | - | €2,000 | +€2,000 | |
| Profit (loss) for the period | 9904 | €99,927 | -€253,651 | -€353,578 | |
| Profit (loss) for the period to be appropriated | 9905 | €99,927 | -€253,651 | -€353,578 |
Source: filed annual accounts (NBB), fiscal years ended 31 December 2023 and 31 December 2024. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 1 October 2026 via checked.be.