HTEC: 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.
HTEC
Largest movements
- Receivables within one year -€26,724
down €26,724 (-59.4%), from €45,003 to €18,279
of which Trade receivables: -€17,554
- Cash +€26,031
up €26,031 (+196.9%), from €13,218 to €39,249
mainly Receivables within one year (+€26,724) and Net result for the year (+€16,946)
- Tangible fixed assets -€2,607
down €2,607 (-28.8%), from €9,042 to €6,435
- Advances received -€25,605
no longer reported in 2025 (was €25,605)
- Reserves +€16,946
up €16,946 (+54.8%), from €30,945 to €47,891
- Tax, wage and social debts +€3,148
up €3,148 (+58.7%), from €5,359 to €8,507
- Trade debts +€2,062
up €2,062 (+122.9%), from €1,678 to €3,740
- Gross operating margin +€6,507
up €6,507 (+24.6%), from €26,437 to €32,944
- Taxes +€2,737
up €2,737 (+51.1%), from €5,359 to €8,096
- Depreciation +€640
up €640 (+12.4%), from €5,167 to €5,807
- Other operating charges +€597
up €597 (+42.5%), from €1,404 to €2,001
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 | €68,588 | €65,139 | -€3,449 | -5.0% |
| Fixed assets | 21/28 | €9,042 | €6,435 | -€2,607 | -28.8% |
| Tangible fixed assets | 22/27 | €9,042 | €6,435 | -€2,607 | -28.8% |
| Furniture and vehicles | 24 | €9,042 | €6,435 | -€2,607 | -28.8% |
| Current assets | 29/58 | €59,546 | €58,704 | -€842 | -1.4% |
| Amounts receivable within one year | 40/41 | €45,003 | €18,279 | -€26,724 | -59.4% |
| Trade receivables | 40 | €21,162 | €3,608 | -€17,554 | -83.0% |
| Other amounts receivable | 41 | €23,842 | €14,671 | -€9,170 | -38.5% |
| Cash at bank and in hand | 54/58 | €13,218 | €39,249 | +€26,031 | +196.9% |
| Deferred charges and accrued income | 490/1 | €1,325 | €1,176 | -€149 | -11.3% |
| Total equity and liabilities | 10/49 | €68,588 | €65,139 | -€3,449 | -5.0% |
| Equity | 10/15 | €35,945 | €52,891 | +€16,946 | +47.1% |
| Contributions | 10/11 | €5,000 | €5,000 | = | 0.0% |
| Reserves | 13 | €30,945 | €47,891 | +€16,946 | +54.8% |
| Distributable reserves | 133 | €30,945 | €47,891 | +€16,946 | +54.8% |
| Amounts payable | 17/49 | €32,643 | €12,247 | -€20,395 | -62.5% |
| Amounts payable within one year | 42/48 | €32,643 | €12,247 | -€20,395 | -62.5% |
| Trade debts | 44 | €1,678 | €3,740 | +€2,062 | +122.9% |
| Suppliers | 440/4 | €1,678 | €3,740 | +€2,062 | +122.9% |
| Advances received on contracts in progress | 46 | €25,605 | - | -€25,605 | |
| Taxes, remuneration and social security | 45 | €5,359 | €8,507 | +€3,148 | +58.7% |
| Taxes | 450/3 | €5,359 | €8,507 | +€3,148 | +58.7% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €5,167 | €5,807 | +€640 | +12.4% |
| Other operating charges | 640/8 | €1,404 | €2,001 | +€597 | +42.5% |
| Gross operating margin | 9900 | €26,437 | €32,944 | +€6,507 | +24.6% |
| Operating profit (loss) | 9901 | €19,866 | €25,137 | +€5,270 | +26.5% |
| Financial income | 75/76B | €362 | €114 | -€248 | -68.5% |
| Recurring financial income | 75 | €362 | €114 | -€248 | -68.5% |
| Financial charges | 65/66B | €378 | €208 | -€170 | -45.0% |
| Recurring financial charges | 65 | €378 | €208 | -€170 | -45.0% |
| Profit (loss) for the period before taxes | 9903 | €19,850 | €25,043 | +€5,193 | +26.2% |
| Income taxes | 67/77 | €5,359 | €8,096 | +€2,737 | +51.1% |
| Profit (loss) for the period | 9904 | €14,491 | €16,946 | +€2,455 | +16.9% |
| Profit (loss) for the period to be appropriated | 9905 | €14,491 | €16,946 | +€2,455 | +16.9% |
Source: filed annual accounts (NBB), fiscal years ended 30 June 2024 and 30 June 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 9 October 2026 via checked.be.