HT crédits: 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 crédits
Largest movements
- Cash +€49,890
up €49,890 (+193%), from €25,861 to €75,751
mainly Debts after one year (+€57,092) and Net result for the year (+€4,229)
- Receivables within one year +€4,826
up €4,826 (+868%), from €556 to €5,382
- Tangible fixed assets +€3,383
up €3,383 (+286%), from €1,183 to €4,566
of which Other tangible fixed assets: +€3,580
- Debts after one year +€57,092
up €57,092 (+26.2%), from €218,114 to €275,206
of which Financial debts: +€82,128
- Profit (loss) carried forward +€4,229
up €4,229 (+2.0%), from -€209,182 to -€204,952
- Other debts -€3,926
down €3,926 (-44.0%), from €8,926 to €5,000
- Gross operating margin -€64,527
down €64,527 (-87.7%), from €73,558 to €9,030
- Other operating charges -€7,515
down €7,515 (-83.9%), from €8,957 to €1,442
- Depreciation -€4,230
down €4,230 (-64.8%), from €6,527 to €2,297
- Financial income +€1,549
up €1,549 (+11,185%), from €14 to €1,563
- Taxes +€1,536
up €1,536 (+467%), from €329 to €1,865
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.
Derived cash bridge
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 | €116,004 | €172,354 | +€56,350 | +48.6% |
| Fixed assets | 21/28 | €9,166 | €11,221 | +€2,055 | +22.4% |
| Intangible fixed assets | 21 | €3,983 | €2,655 | -€1,328 | -33.3% |
| Tangible fixed assets | 22/27 | €1,183 | €4,566 | +€3,383 | +286% |
| Land and buildings | 22 | €0 | - | = | |
| Plant, machinery and equipment | 23 | €244 | €0 | -€244 | -100% |
| Furniture and vehicles | 24 | €939 | €986 | +€47 | +5.0% |
| Other tangible fixed assets | 26 | - | €3,580 | +€3,580 | |
| Financial fixed assets | 28 | €4,000 | €4,000 | = | 0.0% |
| Current assets | 29/58 | €106,838 | €161,133 | +€54,295 | +50.8% |
| Amounts receivable within one year | 40/41 | €556 | €5,382 | +€4,826 | +868% |
| Trade receivables | 40 | €556 | €5,382 | +€4,826 | +868% |
| Current investments | 50/53 | €80,000 | €80,000 | = | 0.0% |
| Cash at bank and in hand | 54/58 | €25,861 | €75,751 | +€49,890 | +193% |
| Deferred charges and accrued income | 490/1 | €421 | €0 | -€421 | -100% |
| Total equity and liabilities | 10/49 | €116,004 | €172,354 | +€56,350 | +48.6% |
| Equity | 10/15 | -€112,982 | -€108,752 | +€4,229 | +3.7% |
| Contributions | 10/11 | €96,200 | €96,200 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€209,182 | -€204,952 | +€4,229 | +2.0% |
| Amounts payable | 17/49 | €228,985 | €281,106 | +€52,121 | +22.8% |
| Amounts payable after more than one year | 17 | €218,114 | €275,206 | +€57,092 | +26.2% |
| Financial debts | 170/4 | €0 | €82,128 | +€82,128 | |
| Other amounts payable | 178/9 | €218,114 | €193,078 | -€25,036 | -11.5% |
| Amounts payable within one year | 42/48 | €10,871 | €5,900 | -€4,972 | -45.7% |
| Current portion of amounts payable after more than one year | 42 | €0 | - | = | |
| Trade debts | 44 | €1,630 | €312 | -€1,318 | -80.8% |
| Suppliers | 440/4 | €1,630 | €312 | -€1,318 | -80.8% |
| Taxes, remuneration and social security | 45 | €315 | €587 | +€273 | +86.6% |
| Taxes | 450/3 | €315 | €587 | +€273 | +86.6% |
| Other amounts payable | 47/48 | €8,926 | €5,000 | -€3,926 | -44.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €6,527 | €2,297 | -€4,230 | -64.8% |
| Other operating charges | 640/8 | €8,957 | €1,442 | -€7,515 | -83.9% |
| Gross operating margin | 9900 | €73,558 | €9,030 | -€64,527 | -87.7% |
| Operating profit (loss) | 9901 | €58,074 | €5,292 | -€52,782 | -90.9% |
| Financial income | 75/76B | €14 | €1,563 | +€1,549 | +11,185% |
| Recurring financial income | 75 | €14 | €1,563 | +€1,549 | +11,185% |
| Financial charges | 65/66B | €1,673 | €761 | -€913 | -54.5% |
| Recurring financial charges | 65 | €1,673 | €761 | -€913 | -54.5% |
| Profit (loss) for the period before taxes | 9903 | €56,414 | €6,094 | -€50,320 | -89.2% |
| Income taxes | 67/77 | €329 | €1,865 | +€1,536 | +467% |
| Profit (loss) for the period | 9904 | €56,085 | €4,229 | -€51,856 | -92.5% |
| Profit (loss) for the period to be appropriated | 9905 | €56,085 | €4,229 | -€51,856 | -92.5% |
Source: filed annual accounts (NBB), financial years ended 31 December 2023 and 31 December 2024. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 25 October 2026 via checked.be.