HTK TWO: 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.
HTK TWO
Largest movements
- Cash -€11,836
down €11,836 (-34.9%), from €33,869 to €22,033
mainly Investment in fixed assets (net) (-€36,638) and Net result for the year (-€8,891)
- Tangible fixed assets +€9,859
up €9,859 (+1.1%), from €881,905 to €891,764
of which Land and buildings: +€10,580
No liability line moved by more than 1% of the balance sheet total.
- Gross operating margin +€26,527
up €26,527 (+3773.3%), from €703 to €27,230
- Depreciation +€15,954
up €15,954 (+147.4%), from €10,825 to €26,779
- Other operating charges +€1,682
up €1,682 (+434.4%), from €387 to €2,070
- Financial charges +€1,017
up €1,017 (+16.3%), from €6,255 to €7,272
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 | €916,270 | €914,318 | -€1,952 | -0.2% |
| Fixed assets | 21/28 | €881,905 | €891,764 | +€9,859 | +1.1% |
| Tangible fixed assets | 22/27 | €881,905 | €891,764 | +€9,859 | +1.1% |
| Land and buildings | 22 | €880,103 | €890,683 | +€10,580 | +1.2% |
| Plant, machinery and equipment | 23 | €1,802 | €1,081 | -€721 | -40.0% |
| Current assets | 29/58 | €34,365 | €22,554 | -€11,811 | -34.4% |
| Cash at bank and in hand | 54/58 | €33,869 | €22,033 | -€11,836 | -34.9% |
| Deferred charges and accrued income | 490/1 | €497 | €522 | +€25 | +5.0% |
| Total equity and liabilities | 10/49 | €916,270 | €914,318 | -€1,952 | -0.2% |
| Equity | 10/15 | €562,190 | €553,299 | -€8,891 | -1.6% |
| Contributions | 10/11 | €600,000 | €600,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€37,810 | -€46,701 | -€8,891 | -23.5% |
| Amounts payable | 17/49 | €354,080 | €361,019 | +€6,939 | +2.0% |
| Amounts payable after more than one year | 17 | €350,000 | €350,000 | = | 0.0% |
| Other amounts payable | 178/9 | €350,000 | €350,000 | = | 0.0% |
| Amounts payable within one year | 42/48 | €93 | €5,169 | +€5,076 | +5483.9% |
| Trade debts | 44 | €93 | €169 | +€76 | +82.6% |
| Suppliers | 440/4 | €93 | €169 | +€76 | +82.6% |
| Other amounts payable | 47/48 | - | €5,000 | +€5,000 | |
| Accrued charges and deferred income | 492/3 | €3,987 | €5,850 | +€1,863 | +46.7% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €10,825 | €26,779 | +€15,954 | +147.4% |
| Other operating charges | 640/8 | €387 | €2,070 | +€1,682 | +434.4% |
| Gross operating margin | 9900 | €703 | €27,230 | +€26,527 | +3773.3% |
| Operating profit (loss) | 9901 | -€10,510 | -€1,619 | +€8,891 | +84.6% |
| Financial charges | 65/66B | €6,255 | €7,272 | +€1,017 | +16.3% |
| Recurring financial charges | 65 | €6,255 | €7,272 | +€1,017 | +16.3% |
| Profit (loss) for the period before taxes | 9903 | -€16,765 | -€8,891 | +€7,874 | +47.0% |
| Profit (loss) for the period | 9904 | -€16,765 | -€8,891 | +€7,874 | +47.0% |
| Profit (loss) for the period to be appropriated | 9905 | -€16,765 | -€8,891 | +€7,874 | +47.0% |
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 1 October 2026 via checked.be.