HT Concept: 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.
HT Concept
Largest movements
- Tangible fixed assets +€7,208
new in 2025: €7,208
of which Furniture and vehicles: +€4,897
- Receivables within one year -€1,235
down €1,235 (-6.1%), from €20,319 to €19,084
of which Trade receivables: -€3,694
- Cash -€335
down €335 (-8.7%), from €3,858 to €3,523
mainly Investment in fixed assets (net) (-€10,811) and Tax, wage and social debts (-€3,197)
- Other debts +€3,672
up €3,672 (+155.8%), from €2,357 to €6,029
- Tax, wage and social debts -€3,197
down €3,197 (-97.9%), from €3,266 to €70
- Trade debts +€2,562
up €2,562 (+180.4%), from €1,420 to €3,982
- Reserves +€2,559
up €2,559 (+17.4%), from €14,675 to €17,233
- Gross operating margin -€13,211
down €13,211 (-64.8%), from €20,396 to €7,185
- Taxes -€3,757
down €3,757 (-71.3%), from €5,266 to €1,510
- Depreciation +€3,604
new in 2025: €3,604
- Financial income +€1,800
new in 2025: €1,800
- Financial charges +€464
up €464 (+686.7%), from €68 to €532
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 | €24,443 | €29,815 | +€5,372 | +22.0% |
| Fixed assets | 21/28 | - | €7,208 | +€7,208 | |
| Tangible fixed assets | 22/27 | - | €7,208 | +€7,208 | |
| Plant, machinery and equipment | 23 | - | €2,311 | +€2,311 | |
| Furniture and vehicles | 24 | - | €4,897 | +€4,897 | |
| Current assets | 29/58 | €24,443 | €22,607 | -€1,836 | -7.5% |
| Amounts receivable within one year | 40/41 | €20,319 | €19,084 | -€1,235 | -6.1% |
| Trade receivables | 40 | €19,694 | €16,000 | -€3,694 | -18.8% |
| Other amounts receivable | 41 | €625 | €3,084 | +€2,459 | +393.3% |
| Cash at bank and in hand | 54/58 | €3,858 | €3,523 | -€335 | -8.7% |
| Deferred charges and accrued income | 490/1 | €266 | €0 | -€266 | -100.0% |
| Total equity and liabilities | 10/49 | €24,443 | €29,815 | +€5,372 | +22.0% |
| Equity | 10/15 | €17,175 | €19,733 | +€2,559 | +14.9% |
| Contributions | 10/11 | €2,500 | €2,500 | = | 0.0% |
| Reserves | 13 | €14,675 | €17,233 | +€2,559 | +17.4% |
| Distributable reserves | 133 | €14,675 | €17,233 | +€2,559 | +17.4% |
| Amounts payable | 17/49 | €7,268 | €10,081 | +€2,813 | +38.7% |
| Amounts payable within one year | 42/48 | €7,043 | €10,081 | +€3,038 | +43.1% |
| Trade debts | 44 | €1,420 | €3,982 | +€2,562 | +180.4% |
| Suppliers | 440/4 | €1,420 | €3,982 | +€2,562 | +180.4% |
| Taxes, remuneration and social security | 45 | €3,266 | €70 | -€3,197 | -97.9% |
| Taxes | 450/3 | €3,266 | €70 | -€3,197 | -97.9% |
| Other amounts payable | 47/48 | €2,357 | €6,029 | +€3,672 | +155.8% |
| Accrued charges and deferred income | 492/3 | €225 | €0 | -€225 | -100.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | - | €3,604 | +€3,604 | |
| Other operating charges | 640/8 | €387 | €782 | +€394 | +101.8% |
| Gross operating margin | 9900 | €20,396 | €7,185 | -€13,211 | -64.8% |
| Operating profit (loss) | 9901 | €20,009 | €2,800 | -€17,209 | -86.0% |
| Financial income | 75/76B | - | €1,800 | +€1,800 | |
| Recurring financial income | 75 | - | €1,800 | +€1,800 | |
| Financial charges | 65/66B | €68 | €532 | +€464 | +686.7% |
| Recurring financial charges | 65 | €68 | €532 | +€464 | +686.7% |
| Profit (loss) for the period before taxes | 9903 | €19,941 | €4,068 | -€15,873 | -79.6% |
| Income taxes | 67/77 | €5,266 | €1,510 | -€3,757 | -71.3% |
| Profit (loss) for the period | 9904 | €14,675 | €2,559 | -€12,116 | -82.6% |
| Profit (loss) for the period to be appropriated | 9905 | €14,675 | €2,559 | -€12,116 | -82.6% |
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 9 October 2026 via checked.be.