HT&M: 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.
HT&M
Largest movements
- Receivables within one year -€1,379
down €1,379 (-5.1%), from €27,288 to €25,909
- Profit (loss) carried forward -€1,391
down €1,391 (-12.6%), from -€10,997 to -€12,387
- Other operating charges -€739
down €739 (-58.7%), from €1,259 to €520
- Gross operating margin +€525
up €525 (+39.0%), from -€1,345 to -€820
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 | €27,591 | €26,161 | -€1,430 | -5.2% |
| Current assets | 29/58 | €27,591 | €26,161 | -€1,430 | -5.2% |
| Amounts receivable within one year | 40/41 | €27,288 | €25,909 | -€1,379 | -5.1% |
| Other amounts receivable | 41 | €27,288 | €25,909 | -€1,379 | -5.1% |
| Cash at bank and in hand | 54/58 | €302 | €251 | -€51 | -16.9% |
| Total equity and liabilities | 10/49 | €27,591 | €26,161 | -€1,430 | -5.2% |
| Equity | 10/15 | €19,439 | €18,048 | -€1,391 | -7.2% |
| Contributions | 10/11 | €28,600 | €28,600 | = | 0.0% |
| Reserves | 13 | €1,836 | €1,836 | = | 0.0% |
| Non-distributable reserves | 130/1 | €92 | €92 | = | 0.0% |
| Reserves not available under the articles | 1311 | €92 | €92 | = | 0.0% |
| Distributable reserves | 133 | €1,744 | €1,744 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€10,997 | -€12,387 | -€1,391 | -12.6% |
| Amounts payable | 17/49 | €8,151 | €8,112 | -€39 | -0.5% |
| Amounts payable within one year | 42/48 | €8,151 | €8,112 | -€39 | -0.5% |
| Trade debts | 44 | €569 | €580 | +€10 | +1.8% |
| Suppliers | 440/4 | €569 | €580 | +€10 | +1.8% |
| Taxes, remuneration and social security | 45 | €49 | - | -€49 | |
| Taxes | 450/3 | €49 | - | -€49 | |
| Other amounts payable | 47/48 | €7,533 | €7,533 | = | 0.0% |
| Other operating charges | 640/8 | €1,259 | €520 | -€739 | -58.7% |
| Gross operating margin | 9900 | -€1,345 | -€820 | +€525 | +39.0% |
| Operating profit (loss) | 9901 | -€2,604 | -€1,340 | +€1,264 | +48.5% |
| Financial charges | 65/66B | €58 | €51 | -€7 | -11.7% |
| Recurring financial charges | 65 | €58 | €51 | -€7 | -11.7% |
| Profit (loss) for the period before taxes | 9903 | -€2,662 | -€1,391 | +€1,271 | +47.7% |
| Profit (loss) for the period | 9904 | -€2,662 | -€1,391 | +€1,271 | +47.7% |
| Profit (loss) for the period to be appropriated | 9905 | -€2,662 | -€1,391 | +€1,271 | +47.7% |
Source: filed annual accounts (NBB), fiscal years ended 31 December 2024 and 31 December 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 3 October 2026 via checked.be.