HT-Trading: 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-Trading
Largest movements
- Stocks and contracts -€19,500
down €19,500 (-66.1%), from €29,500 to €10,000
- Receivables within one year +€6,893
up €6,893 (+57.4%), from €12,019 to €18,912
- Deferred charges and accrued income -€1,180
down €1,180 (-48.8%), from €2,417 to €1,237
- Cash -€553
down €553 (-15.6%), from €3,548 to €2,995
mainly Net result for the year (-€21,312) and Receivables within one year (-€6,893)
- Profit (loss) carried forward -€21,313
down €21,313 (-92.9%), from €22,938 to €1,625
- Tax, wage and social debts +€12,624
up €12,624 (+200%), from €6,302 to €18,926
of which Taxes: +€6,887
- Other debts -€6,569
down €6,569 (-73.7%), from €8,917 to €2,348
- Trade debts +€615
up €615 (+39.1%), from €1,575 to €2,190
- Gross operating margin -€31,527
down €31,527 (-41.9%), from €75,310 to €43,783
- Staff costs +€15,397
up €15,397 (+49.3%), from €31,209 to €46,606
- Taxes +€13,874
up €13,874 (+5,120%), from €271 to €14,145
- Financial charges -€2,464
down €2,464 (-49.5%), from €4,976 to €2,512
- Write-downs -€2,220
down €2,220 (-100%), from €2,220 to €0
From the 2025 result to the 2026 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 2025 and 2026 balance sheets and the 2026 result: not a filed cash-flow statement. It shows where the money came from and went.
Every line side by side
| Line | Code | 2025 | 2026 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €47,792 | €33,150 | -€14,642 | -30.6% |
| Fixed assets | 21/28 | €308 | €6 | -€302 | -98.1% |
| Tangible fixed assets | 22/27 | €308 | €6 | -€302 | -98.1% |
| Furniture and vehicles | 24 | €308 | - | -€308 | |
| Other tangible fixed assets | 26 | - | €6 | +€6 | |
| Current assets | 29/58 | €47,484 | €33,144 | -€14,340 | -30.2% |
| Stocks and contracts in progress | 3 | €29,500 | €10,000 | -€19,500 | -66.1% |
| Stocks | 30/36 | €29,500 | €10,000 | -€19,500 | -66.1% |
| Amounts receivable within one year | 40/41 | €12,019 | €18,912 | +€6,893 | +57.4% |
| Trade receivables | 40 | €12,019 | €18,912 | +€6,893 | +57.4% |
| Cash at bank and in hand | 54/58 | €3,548 | €2,995 | -€553 | -15.6% |
| Deferred charges and accrued income | 490/1 | €2,417 | €1,237 | -€1,180 | -48.8% |
| Total equity and liabilities | 10/49 | €47,792 | €33,150 | -€14,642 | -30.6% |
| Equity | 10/15 | €30,998 | €9,685 | -€21,313 | -68.8% |
| Contributions | 10/11 | €6,200 | €6,200 | = | 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 | €22,938 | €1,625 | -€21,313 | -92.9% |
| Amounts payable | 17/49 | €16,794 | €23,465 | +€6,671 | +39.7% |
| Amounts payable within one year | 42/48 | €16,794 | €23,465 | +€6,671 | +39.7% |
| Trade debts | 44 | €1,575 | €2,190 | +€615 | +39.1% |
| Suppliers | 440/4 | €1,575 | €2,190 | +€615 | +39.1% |
| Taxes, remuneration and social security | 45 | €6,302 | €18,926 | +€12,624 | +200% |
| Taxes | 450/3 | €3,398 | €10,285 | +€6,887 | +203% |
| Remuneration and social security | 454/9 | €2,904 | €8,641 | +€5,737 | +198% |
| Other amounts payable | 47/48 | €8,917 | €2,348 | -€6,569 | -73.7% |
| Remuneration, social security and pensions | 62 | €31,209 | €46,606 | +€15,397 | +49.3% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €299 | €302 | +€3 | +1.1% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | €2,220 | €0 | -€2,220 | -100% |
| Other operating charges | 640/8 | €1,905 | €1,569 | -€336 | -17.6% |
| Gross operating margin | 9900 | €75,310 | €43,783 | -€31,527 | -41.9% |
| Operating profit (loss) | 9901 | €39,677 | -€4,695 | -€44,372 | |
| Financial income | 75/76B | - | €40 | +€40 | |
| Recurring financial income | 75 | - | €40 | +€40 | |
| Financial charges | 65/66B | €4,976 | €2,512 | -€2,464 | -49.5% |
| Recurring financial charges | 65 | €4,976 | €2,512 | -€2,464 | -49.5% |
| Profit (loss) for the period before taxes | 9903 | €34,701 | -€7,166 | -€41,867 | |
| Income taxes | 67/77 | €271 | €14,145 | +€13,874 | +5,120% |
| Profit (loss) for the period | 9904 | €34,430 | -€21,312 | -€55,742 | |
| Profit (loss) for the period to be appropriated | 9905 | €34,430 | -€21,312 | -€55,742 |
Source: filed annual accounts (NBB), financial years ended 31 March 2025 and 31 March 2026. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 18 October 2026 via checked.be.