HTCTC: 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.
HTCTC
Largest movements
- Tangible fixed assets +€107,275
up €107,275 (+19.9%), from €540,321 to €647,596
of which Plant, machinery and equipment: +€92,023
- Receivables within one year +€30,980
up €30,980 (+6.1%), from €504,428 to €535,409
of which Trade receivables: +€23,213
- Trade debts +€179,148
up €179,148 (+61.2%), from €292,603 to €471,751
- Reserves -€72,224
down €72,224 (-57.3%), from €126,141 to €53,917
of which Distributable reserves: -€72,224
- Other debts +€45,719
up €45,719 (+45.7%), from €100,092 to €145,811
- Tax, wage and social debts -€17,649
down €17,649 (-19.1%), from €92,244 to €74,595
of which Remuneration and social security: -€11,497
- Debts after one year +€17,081
up €17,081 (+240.7%), from €7,096 to €24,178
- Staff costs +€66,174
up €66,174 (+9.3%), from €714,108 to €780,282
- Gross operating margin -€28,233
down €28,233 (-3.4%), from €824,639 to €796,407
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 | €1,161,408 | €1,311,468 | +€150,060 | +12.9% |
| Fixed assets | 21/28 | €545,492 | €650,226 | +€104,735 | +19.2% |
| Intangible fixed assets | 21 | €5,170 | €2,630 | -€2,540 | -49.1% |
| Tangible fixed assets | 22/27 | €540,321 | €647,596 | +€107,275 | +19.9% |
| Land and buildings | 22 | €180,083 | €175,720 | -€4,363 | -2.4% |
| Plant, machinery and equipment | 23 | €326,783 | €418,806 | +€92,023 | +28.2% |
| Furniture and vehicles | 24 | €23,323 | €46,288 | +€22,965 | +98.5% |
| Leasing and similar rights | 25 | €10,133 | €6,783 | -€3,350 | -33.1% |
| Current assets | 29/58 | €615,916 | €661,241 | +€45,325 | +7.4% |
| Stocks and contracts in progress | 3 | €60,158 | €64,657 | +€4,499 | +7.5% |
| Stocks | 30/36 | €60,158 | €64,657 | +€4,499 | +7.5% |
| Amounts receivable within one year | 40/41 | €504,428 | €535,409 | +€30,980 | +6.1% |
| Trade receivables | 40 | €294,729 | €317,943 | +€23,213 | +7.9% |
| Other amounts receivable | 41 | €209,699 | €217,466 | +€7,767 | +3.7% |
| Cash at bank and in hand | 54/58 | €21,328 | €22,555 | +€1,227 | +5.8% |
| Deferred charges and accrued income | 490/1 | €30,001 | €38,621 | +€8,620 | +28.7% |
| Total equity and liabilities | 10/49 | €1,161,408 | €1,311,468 | +€150,060 | +12.9% |
| Equity | 10/15 | €665,309 | €582,214 | -€83,095 | -12.5% |
| Contributions | 10/11 | €539,168 | €539,168 | = | 0.0% |
| Capital | 10 | €539,168 | €539,168 | = | 0.0% |
| Issued capital | 100 | €539,168 | €539,168 | = | 0.0% |
| Reserves | 13 | €126,141 | €53,917 | -€72,224 | -57.3% |
| Non-distributable reserves | 130/1 | €53,917 | €53,917 | = | 0.0% |
| Legal reserve | 130 | €53,917 | €53,917 | = | 0.0% |
| Distributable reserves | 133 | €72,224 | - | -€72,224 | |
| Profit (loss) carried forward | 14 | - | -€10,871 | -€10,871 | |
| Amounts payable | 17/49 | €496,099 | €729,253 | +€233,155 | +47.0% |
| Amounts payable after more than one year | 17 | €7,096 | €24,178 | +€17,081 | +240.7% |
| Financial debts | 170/4 | €7,096 | €24,178 | +€17,081 | +240.7% |
| Amounts payable within one year | 42/48 | €488,269 | €705,076 | +€216,806 | +44.4% |
| Current portion of amounts payable after more than one year | 42 | €3,330 | €12,919 | +€9,588 | +287.9% |
| Trade debts | 44 | €292,603 | €471,751 | +€179,148 | +61.2% |
| Suppliers | 440/4 | €292,603 | €471,751 | +€179,148 | +61.2% |
| Taxes, remuneration and social security | 45 | €92,244 | €74,595 | -€17,649 | -19.1% |
| Taxes | 450/3 | €7,017 | €864 | -€6,153 | -87.7% |
| Remuneration and social security | 454/9 | €85,227 | €73,730 | -€11,497 | -13.5% |
| Other amounts payable | 47/48 | €100,092 | €145,811 | +€45,719 | +45.7% |
| Accrued charges and deferred income | 492/3 | €733 | - | -€733 | |
| Remuneration, social security and pensions | 62 | €714,108 | €780,282 | +€66,174 | +9.3% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €81,974 | €82,112 | +€139 | +0.2% |
| Other operating charges | 640/8 | €21,657 | €17,893 | -€3,764 | -17.4% |
| Gross operating margin | 9900 | €824,639 | €796,407 | -€28,233 | -3.4% |
| Operating profit (loss) | 9901 | €6,901 | -€83,881 | -€90,782 | |
| Financial income | 75/76B | €6,721 | €8,510 | +€1,788 | +26.6% |
| Recurring financial income | 75 | €6,721 | €8,510 | +€1,788 | +26.6% |
| Financial charges | 65/66B | €6,511 | €7,420 | +€909 | +14.0% |
| Recurring financial charges | 65 | €6,511 | €7,420 | +€909 | +14.0% |
| Profit (loss) for the period before taxes | 9903 | €7,111 | -€82,791 | -€89,902 | |
| Income taxes | 67/77 | €6,792 | €304 | -€6,489 | -95.5% |
| Profit (loss) for the period | 9904 | €318 | -€83,095 | -€83,413 | |
| Profit (loss) for the period to be appropriated | 9905 | €318 | -€83,095 | -€83,413 |
Source: filed annual accounts (NBB), fiscal years ended 30 September 2024 and 30 September 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 30 September 2026 via checked.be.