HTC: 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.
HTC
Largest movements
- Receivables within one year -€159,570
down €159,570 (-60.0%), from €265,806 to €106,236
of which Trade receivables: -€251,560
- Cash -€139,069
down €139,069 (-68.4%), from €203,356 to €64,288
mainly Short-term financial debts (-€200,000) and Other debts (-€108,271)
- Deferred charges and accrued income -€14,047
down €14,047 (-30.5%), from €45,987 to €31,940
- Short-term financial debts -€200,000
down €200,000 (-100.0%), from €200,000 to €0
- Other debts -€108,271
down €108,271 (-42.4%), from €255,471 to €147,200
- Profit (loss) carried forward -€5,947
down €5,947 (-13.0%), from -€45,839 to -€51,786
- Gross operating margin +€36,720
up €36,720, from -€36,266 to €454
- Other operating charges -€3,253
down €3,253 (-63.6%), from €5,113 to €1,860
- Financial charges -€3,112
down €3,112 (-46.4%), from €6,707 to €3,595
- Depreciation -€852
down €852 (-45.2%), from €1,882 to €1,030
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 | €519,674 | €202,966 | -€316,708 | -60.9% |
| Fixed assets | 21/28 | €4,525 | €502 | -€4,023 | -88.9% |
| Tangible fixed assets | 22/27 | €3,025 | €502 | -€2,523 | -83.4% |
| Land and buildings | 22 | €0 | - | = | |
| Plant, machinery and equipment | 23 | €0 | - | = | |
| Furniture and vehicles | 24 | €3,025 | €502 | -€2,523 | -83.4% |
| Financial fixed assets | 28 | €1,500 | €0 | -€1,500 | -100.0% |
| Current assets | 29/58 | €515,149 | €202,464 | -€312,685 | -60.7% |
| Stocks and contracts in progress | 3 | €0 | - | = | |
| Stocks | 30/36 | €0 | - | = | |
| Amounts receivable within one year | 40/41 | €265,806 | €106,236 | -€159,570 | -60.0% |
| Trade receivables | 40 | €259,284 | €7,723 | -€251,560 | -97.0% |
| Other amounts receivable | 41 | €6,522 | €98,513 | +€91,991 | +1410.4% |
| Cash at bank and in hand | 54/58 | €203,356 | €64,288 | -€139,069 | -68.4% |
| Deferred charges and accrued income | 490/1 | €45,987 | €31,940 | -€14,047 | -30.5% |
| Total equity and liabilities | 10/49 | €519,674 | €202,966 | -€316,708 | -60.9% |
| Equity | 10/15 | €61,486 | €55,540 | -€5,947 | -9.7% |
| Contributions | 10/11 | €100,000 | €100,000 | = | 0.0% |
| Reserves | 13 | €7,326 | €7,326 | = | 0.0% |
| Non-distributable reserves | 130/1 | €7,326 | €7,326 | = | 0.0% |
| Reserves not available under the articles | 1311 | €7,326 | €7,326 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€45,839 | -€51,786 | -€5,947 | -13.0% |
| Amounts payable | 17/49 | €458,187 | €147,426 | -€310,761 | -67.8% |
| Amounts payable within one year | 42/48 | €458,187 | €147,426 | -€310,761 | -67.8% |
| Current portion of amounts payable after more than one year | 42 | €0 | - | = | |
| Financial debts | 43 | €200,000 | €0 | -€200,000 | -100.0% |
| Credit institutions | 430/8 | €200,000 | €0 | -€200,000 | -100.0% |
| Trade debts | 44 | €2,632 | €227 | -€2,405 | -91.4% |
| Suppliers | 440/4 | €2,632 | €227 | -€2,405 | -91.4% |
| Taxes, remuneration and social security | 45 | €85 | €0 | -€85 | -100.0% |
| Taxes | 450/3 | €85 | €0 | -€85 | -100.0% |
| Other amounts payable | 47/48 | €255,471 | €147,200 | -€108,271 | -42.4% |
| Non-recurring operating income | 76A | €9,163 | €778 | -€8,385 | -91.5% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €1,882 | €1,030 | -€852 | -45.2% |
| Other operating charges | 640/8 | €5,113 | €1,860 | -€3,253 | -63.6% |
| Gross operating margin | 9900 | -€36,266 | €454 | +€36,720 | |
| Operating profit (loss) | 9901 | -€43,261 | -€2,436 | +€40,825 | +94.4% |
| Financial income | 75/76B | €13 | €0 | -€13 | -100.0% |
| Recurring financial income | 75 | €13 | €0 | -€13 | -100.0% |
| Financial charges | 65/66B | €6,707 | €3,595 | -€3,112 | -46.4% |
| Recurring financial charges | 65 | €6,707 | €3,595 | -€3,112 | -46.4% |
| Profit (loss) for the period before taxes | 9903 | -€49,955 | -€6,032 | +€43,923 | +87.9% |
| Income taxes | 67/77 | - | -€85 | -€85 | |
| Profit (loss) for the period | 9904 | -€49,955 | -€5,947 | +€44,008 | +88.1% |
| Profit (loss) for the period to be appropriated | 9905 | -€49,955 | -€5,947 | +€44,008 | +88.1% |
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 30 September 2026 via checked.be.