HTC MANAGEMENT: 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.
HTC MANAGEMENT
Largest movements
- Tangible fixed assets -€17,209
down €17,209 (-30.0%), from €57,384 to €40,175
of which Furniture and vehicles: -€16,812
- Receivables within one year +€9,131
up €9,131 (+55.4%), from €16,474 to €25,605
of which Other amounts receivable: +€10,240
- Financial fixed assets +€7,616
up €7,616 (+50.6%), from €15,045 to €22,661
- Cash -€4,344
down €4,344 (-29.9%), from €14,542 to €10,198
mainly Debts after one year (-€13,104) and Receivables within one year (-€9,131)
- Deferred charges and accrued income -€1,466
no longer reported in 2025 (was €1,466)
- Profit (loss) carried forward +€22,050
up €22,050 (+63.0%), from €35,023 to €57,073
- Debts after one year -€13,104
down €13,104 (-40.1%), from €32,673 to €19,568
- Tax, wage and social debts -€8,488
down €8,488 (-53.2%), from €15,950 to €7,462
- Trade debts -€7,287
down €7,287 (-97.6%), from €7,469 to €182
- Gross operating margin +€8,467
up €8,467 (+22.5%), from €37,711 to €46,178
- Taxes +€1,683
up €1,683 (+42.9%), from €3,927 to €5,610
- Financial charges -€703
down €703 (-27.2%), from €2,581 to €1,878
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 | €104,911 | €98,640 | -€6,271 | -6.0% |
| Fixed assets | 21/28 | €72,429 | €62,836 | -€9,593 | -13.2% |
| Tangible fixed assets | 22/27 | €57,384 | €40,175 | -€17,209 | -30.0% |
| Plant, machinery and equipment | 23 | €1,367 | €970 | -€397 | -29.0% |
| Furniture and vehicles | 24 | €56,017 | €39,205 | -€16,812 | -30.0% |
| Financial fixed assets | 28 | €15,045 | €22,661 | +€7,616 | +50.6% |
| Current assets | 29/58 | €32,482 | €35,804 | +€3,321 | +10.2% |
| Amounts receivable within one year | 40/41 | €16,474 | €25,605 | +€9,131 | +55.4% |
| Trade receivables | 40 | €9,228 | €8,120 | -€1,108 | -12.0% |
| Other amounts receivable | 41 | €7,246 | €17,486 | +€10,240 | +141% |
| Cash at bank and in hand | 54/58 | €14,542 | €10,198 | -€4,344 | -29.9% |
| Deferred charges and accrued income | 490/1 | €1,466 | - | -€1,466 | |
| Total equity and liabilities | 10/49 | €104,911 | €98,640 | -€6,271 | -6.0% |
| Equity | 10/15 | €36,273 | €58,323 | +€22,050 | +60.8% |
| Contributions | 10/11 | €1,250 | €1,250 | = | 0.0% |
| Profit (loss) carried forward | 14 | €35,023 | €57,073 | +€22,050 | +63.0% |
| Amounts payable | 17/49 | €68,638 | €40,317 | -€28,321 | -41.3% |
| Amounts payable after more than one year | 17 | €32,673 | €19,568 | -€13,104 | -40.1% |
| Financial debts | 170/4 | €32,673 | €19,568 | -€13,104 | -40.1% |
| Amounts payable within one year | 42/48 | €35,966 | €20,749 | -€15,217 | -42.3% |
| Current portion of amounts payable after more than one year | 42 | €12,546 | €13,104 | +€558 | +4.4% |
| Trade debts | 44 | €7,469 | €182 | -€7,287 | -97.6% |
| Suppliers | 440/4 | €7,469 | €182 | -€7,287 | -97.6% |
| Taxes, remuneration and social security | 45 | €15,950 | €7,462 | -€8,488 | -53.2% |
| Taxes | 450/3 | €15,950 | €7,462 | -€8,488 | -53.2% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €17,261 | €17,209 | -€52 | -0.3% |
| Other operating charges | 640/8 | €127 | €138 | +€11 | +8.5% |
| Gross operating margin | 9900 | €37,711 | €46,178 | +€8,467 | +22.5% |
| Operating profit (loss) | 9901 | €20,324 | €28,832 | +€8,508 | +41.9% |
| Financial income | 75/76B | €504 | €706 | +€202 | +40.2% |
| Recurring financial income | 75 | €504 | €706 | +€202 | +40.2% |
| Financial charges | 65/66B | €2,581 | €1,878 | -€703 | -27.2% |
| Recurring financial charges | 65 | €2,581 | €1,878 | -€703 | -27.2% |
| Profit (loss) for the period before taxes | 9903 | €18,246 | €27,660 | +€9,414 | +51.6% |
| Income taxes | 67/77 | €3,927 | €5,610 | +€1,683 | +42.9% |
| Profit (loss) for the period | 9904 | €14,320 | €22,050 | +€7,730 | +54.0% |
| Profit (loss) for the period to be appropriated | 9905 | €14,320 | €22,050 | +€7,730 | +54.0% |
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 30 October 2026 via checked.be.