HT INVEST: 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 INVEST
Largest movements
- Tangible fixed assets -€458,729
down €458,729 (-5.1%), from €9.1m to €8.6m
of which Leasing and similar rights: -€401,328
- Receivables within one year +€223,003
up €223,003 (+47.1%), from €473,747 to €696,750
of which Trade receivables: +€223,003
- Cash -€109,110
down €109,110 (-98.2%), from €111,093 to €1,983
mainly Debts after one year (-€241,790) and Receivables within one year (-€223,003)
- Debts after one year -€241,790
down €241,790 (-2.9%), from €8.5m to €8.2m
of which Financial debts: -€341,974
- Financial charges -€27,618
down €27,618 (-7.0%), from €395,103 to €367,484
- Gross operating margin -€9,175
down €9,175 (-1.1%), from €828,214 to €819,039
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 | €9,683,914 | €9,339,078 | -€344,836 | -3.6% |
| Fixed assets | 21/28 | €9,099,074 | €8,640,344 | -€458,729 | -5.0% |
| Tangible fixed assets | 22/27 | €9,059,710 | €8,600,981 | -€458,729 | -5.1% |
| Land and buildings | 22 | €1,732,821 | €1,675,420 | -€57,401 | -3.3% |
| Leasing and similar rights | 25 | €7,326,889 | €6,925,562 | -€401,328 | -5.5% |
| Assets under construction and advance payments | 27 | €0 | - | = | |
| Financial fixed assets | 28 | €39,363 | €39,363 | = | 0.0% |
| Current assets | 29/58 | €584,840 | €698,733 | +€113,893 | +19.5% |
| Amounts receivable within one year | 40/41 | €473,747 | €696,750 | +€223,003 | +47.1% |
| Trade receivables | 40 | €473,747 | €696,750 | +€223,003 | +47.1% |
| Other amounts receivable | 41 | €0 | - | = | |
| Cash at bank and in hand | 54/58 | €111,093 | €1,983 | -€109,110 | -98.2% |
| Total equity and liabilities | 10/49 | €9,683,914 | €9,339,078 | -€344,836 | -3.6% |
| Equity | 10/15 | €511,988 | €502,895 | -€9,093 | -1.8% |
| Contributions | 10/11 | €100,000 | €100,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€7,912 | €5,095 | +€13,007 | |
| Investment grants | 15 | €419,900 | €397,800 | -€22,100 | -5.3% |
| Amounts payable | 17/49 | €9,171,926 | €8,836,183 | -€335,743 | -3.7% |
| Amounts payable after more than one year | 17 | €8,477,460 | €8,235,670 | -€241,790 | -2.9% |
| Financial debts | 170/4 | €5,681,779 | €5,339,805 | -€341,974 | -6.0% |
| Other amounts payable | 178/9 | €2,795,681 | €2,895,864 | +€100,184 | +3.6% |
| Amounts payable within one year | 42/48 | €694,466 | €600,513 | -€93,953 | -13.5% |
| Current portion of amounts payable after more than one year | 42 | €327,708 | €341,974 | +€14,266 | +4.4% |
| Trade debts | 44 | €243,339 | €159,853 | -€83,486 | -34.3% |
| Suppliers | 440/4 | €243,339 | €159,853 | -€83,486 | -34.3% |
| Taxes, remuneration and social security | 45 | €47,371 | €12,339 | -€35,032 | -74.0% |
| Taxes | 450/3 | €47,371 | €12,339 | -€35,032 | -74.0% |
| Other amounts payable | 47/48 | €76,048 | €86,348 | +€10,300 | +13.5% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €453,028 | €458,729 | +€5,701 | +1.3% |
| Other operating charges | 640/8 | €968 | €1,918 | +€951 | +98.3% |
| Gross operating margin | 9900 | €828,214 | €819,039 | -€9,175 | -1.1% |
| Operating profit (loss) | 9901 | €374,219 | €358,391 | -€15,828 | -4.2% |
| Financial income | 75/76B | €22,100 | €22,100 | = | 0.0% |
| Recurring financial income | 75 | €22,100 | €22,100 | = | 0.0% |
| Financial charges | 65/66B | €395,103 | €367,484 | -€27,618 | -7.0% |
| Recurring financial charges | 65 | €395,103 | €367,484 | -€27,618 | -7.0% |
| Profit (loss) for the period before taxes | 9903 | €1,216 | €13,007 | +€11,791 | +970% |
| Profit (loss) for the period | 9904 | €1,216 | €13,007 | +€11,791 | +970% |
| Profit (loss) for the period to be appropriated | 9905 | €1,216 | €13,007 | +€11,791 | +970% |
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 24 October 2026 via checked.be.