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
- Cash +€124,649
up €124,649 (+99.0%), from €125,924 to €250,573
mainly Net result for the year (+€90,281) and Tax, wage and social debts (+€19,740)
- Tangible fixed assets -€19,309
down €19,309 (-26.0%), from €74,354 to €55,045
- Receivables within one year +€6,832
up €6,832 (+20.3%), from €33,682 to €40,514
of which Other amounts receivable: +€8,935
- Profit (loss) carried forward +€90,281
up €90,281 (+66.4%), from €136,019 to €226,301
- Tax, wage and social debts +€19,740
up €19,740 (+51.8%), from €38,107 to €57,847
of which Remuneration and social security: +€25,689
- Trade debts +€4,159
up €4,159 (+197.5%), from €2,105 to €6,264
- Staff costs +€28,637
up €28,637 (+43.4%), from €65,988 to €94,625
- Gross operating margin -€21,560
down €21,560 (-8.5%), from €252,490 to €230,930
- Taxes -€11,969
down €11,969 (-31.5%), from €38,057 to €26,088
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 | €243,881 | €358,729 | +€114,847 | +47.1% |
| Fixed assets | 21/28 | €74,354 | €55,045 | -€19,309 | -26.0% |
| Tangible fixed assets | 22/27 | €74,354 | €55,045 | -€19,309 | -26.0% |
| Furniture and vehicles | 24 | €74,354 | €55,045 | -€19,309 | -26.0% |
| Current assets | 29/58 | €169,527 | €303,683 | +€134,156 | +79.1% |
| Amounts receivable within one year | 40/41 | €33,682 | €40,514 | +€6,832 | +20.3% |
| Trade receivables | 40 | €33,682 | €31,579 | -€2,103 | -6.2% |
| Other amounts receivable | 41 | - | €8,935 | +€8,935 | |
| Cash at bank and in hand | 54/58 | €125,924 | €250,573 | +€124,649 | +99.0% |
| Deferred charges and accrued income | 490/1 | €9,922 | €12,597 | +€2,675 | +27.0% |
| Total equity and liabilities | 10/49 | €243,881 | €358,729 | +€114,847 | +47.1% |
| Equity | 10/15 | €203,669 | €293,951 | +€90,281 | +44.3% |
| Contributions | 10/11 | €61,500 | €61,500 | = | 0.0% |
| Capital | 10 | €61,500 | €61,500 | = | 0.0% |
| Issued capital | 100 | €61,500 | €61,500 | = | 0.0% |
| Reserves | 13 | €6,150 | €6,150 | = | 0.0% |
| Non-distributable reserves | 130/1 | €6,150 | €6,150 | = | 0.0% |
| Legal reserve | 130 | €6,150 | €6,150 | = | 0.0% |
| Profit (loss) carried forward | 14 | €136,019 | €226,301 | +€90,281 | +66.4% |
| Amounts payable | 17/49 | €40,212 | €64,778 | +€24,566 | +61.1% |
| Amounts payable within one year | 42/48 | €40,212 | €64,778 | +€24,566 | +61.1% |
| Trade debts | 44 | €2,105 | €6,264 | +€4,159 | +197.5% |
| Suppliers | 440/4 | €2,105 | €6,264 | +€4,159 | +197.5% |
| Taxes, remuneration and social security | 45 | €38,107 | €57,847 | +€19,740 | +51.8% |
| Taxes | 450/3 | €27,133 | €21,185 | -€5,949 | -21.9% |
| Remuneration and social security | 454/9 | €10,973 | €36,662 | +€25,689 | +234.1% |
| Other amounts payable | 47/48 | - | €667 | +€667 | |
| Remuneration, social security and pensions | 62 | €65,988 | €94,625 | +€28,637 | +43.4% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €19,240 | €19,309 | +€69 | +0.4% |
| Other operating charges | 640/8 | €2,059 | €1,147 | -€912 | -44.3% |
| Gross operating margin | 9900 | €252,490 | €230,930 | -€21,560 | -8.5% |
| Operating profit (loss) | 9901 | €165,204 | €115,849 | -€49,354 | -29.9% |
| Financial income | 75/76B | €157 | €615 | +€458 | +291.5% |
| Recurring financial income | 75 | €157 | €615 | +€458 | +291.5% |
| Financial charges | 65/66B | €113 | €95 | -€18 | -16.0% |
| Recurring financial charges | 65 | €113 | €95 | -€18 | -16.0% |
| Profit (loss) for the period before taxes | 9903 | €165,247 | €116,369 | -€48,878 | -29.6% |
| Income taxes | 67/77 | €38,057 | €26,088 | -€11,969 | -31.5% |
| Profit (loss) for the period | 9904 | €127,190 | €90,281 | -€36,909 | -29.0% |
| Profit (loss) for the period to be appropriated | 9905 | €127,190 | €90,281 | -€36,909 | -29.0% |
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 7 October 2026 via checked.be.