HTL INFRA: 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.
HTL INFRA
Largest movements
- Receivables within one year +€471,232
up €471,232 (+183%), from €256,808 to €728,040
of which Other amounts receivable: +€265,748
- Tangible fixed assets +€95,593
up €95,593 (+50.3%), from €189,880 to €285,473
of which Furniture and vehicles: +€99,155
- Cash +€32,385
up €32,385 (+17.9%), from €180,439 to €212,824
mainly Provisions (+€310,904) and Trade debts (+€258,344)
- Provisions +€310,904
new in 2025: €310,904
- Trade debts +€258,344
up €258,344 (+1,235%), from €20,917 to €279,262
- Current portion of long-term debt -€95,631
down €95,631 (-58.9%), from €162,428 to €66,797
- Debts after one year +€89,907
up €89,907 (+91.3%), from €98,454 to €188,361
- Profit (loss) carried forward +€65,145
up €65,145 (+26.5%), from €245,557 to €310,702
- Provisions +€310,904
new in 2025: €310,904
- Gross operating margin +€305,769
up €305,769 (+55.6%), from €550,204 to €855,973
- Staff costs -€58,019
down €58,019 (-18.3%), from €316,641 to €258,621
- Depreciation -€29,957
down €29,957 (-22.2%), from €135,163 to €105,207
- Taxes -€25,000
down €25,000 (-50.0%), from €50,000 to €25,000
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 | €771,174 | €1,376,834 | +€605,660 | +78.5% |
| Fixed assets | 21/28 | €190,035 | €285,593 | +€95,558 | +50.3% |
| Tangible fixed assets | 22/27 | €189,880 | €285,473 | +€95,593 | +50.3% |
| Plant, machinery and equipment | 23 | €43,626 | €40,063 | -€3,562 | -8.2% |
| Furniture and vehicles | 24 | €146,255 | €245,410 | +€99,155 | +67.8% |
| Financial fixed assets | 28 | €155 | €120 | -€35 | -22.6% |
| Current assets | 29/58 | €581,139 | €1,091,241 | +€510,102 | +87.8% |
| Amounts receivable after more than one year | 29 | €106,347 | €106,347 | = | 0.0% |
| Other amounts receivable | 291 | €106,347 | €106,347 | = | 0.0% |
| Stocks and contracts in progress | 3 | €31,529 | €37,492 | +€5,963 | +18.9% |
| Stocks | 30/36 | €31,529 | €37,492 | +€5,963 | +18.9% |
| Amounts receivable within one year | 40/41 | €256,808 | €728,040 | +€471,232 | +183% |
| Trade receivables | 40 | €185,731 | €391,215 | +€205,484 | +111% |
| Other amounts receivable | 41 | €71,078 | €336,825 | +€265,748 | +374% |
| Cash at bank and in hand | 54/58 | €180,439 | €212,824 | +€32,385 | +17.9% |
| Deferred charges and accrued income | 490/1 | €6,016 | €6,538 | +€522 | +8.7% |
| Total equity and liabilities | 10/49 | €771,174 | €1,376,834 | +€605,660 | +78.5% |
| Equity | 10/15 | €443,206 | €508,351 | +€65,145 | +14.7% |
| Contributions | 10/11 | €18,592 | €18,592 | = | 0.0% |
| Reserves | 13 | €179,057 | €179,057 | = | 0.0% |
| Distributable reserves | 133 | €179,057 | €179,057 | = | 0.0% |
| Profit (loss) carried forward | 14 | €245,557 | €310,702 | +€65,145 | +26.5% |
| Provisions and deferred taxes | 16 | - | €310,904 | +€310,904 | |
| Provisions for liabilities and charges | 160/5 | - | €310,904 | +€310,904 | |
| Environmental obligations | 163 | - | €310,904 | +€310,904 | |
| Amounts payable | 17/49 | €327,968 | €557,579 | +€229,611 | +70.0% |
| Amounts payable after more than one year | 17 | €98,454 | €188,361 | +€89,907 | +91.3% |
| Financial debts | 170/4 | €98,454 | €188,361 | +€89,907 | +91.3% |
| Amounts payable within one year | 42/48 | €229,514 | €369,218 | +€139,704 | +60.9% |
| Current portion of amounts payable after more than one year | 42 | €162,428 | €66,797 | -€95,631 | -58.9% |
| Financial debts | 43 | €400 | €0 | -€400 | -100% |
| Credit institutions | 430/8 | €400 | €0 | -€400 | -100% |
| Trade debts | 44 | €20,917 | €279,262 | +€258,344 | +1,235% |
| Suppliers | 440/4 | €20,917 | €279,262 | +€258,344 | +1,235% |
| Taxes, remuneration and social security | 45 | €45,770 | €6,017 | -€39,753 | -86.9% |
| Taxes | 450/3 | €3,069 | €0 | -€3,069 | -100% |
| Remuneration and social security | 454/9 | €42,701 | €6,017 | -€36,684 | -85.9% |
| Other amounts payable | 47/48 | - | €17,143 | +€17,143 | |
| Non-recurring operating income | 76A | €165 | €0 | -€165 | -100% |
| Remuneration, social security and pensions | 62 | €316,641 | €258,621 | -€58,019 | -18.3% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €135,163 | €105,207 | -€29,957 | -22.2% |
| Provisions for liabilities and charges: additions (uses and reversals) | 635/8 | - | €310,904 | +€310,904 | |
| Other operating charges | 640/8 | €11,595 | €22,763 | +€11,168 | +96.3% |
| Non-recurring operating charges | 66A | €7,555 | €0 | -€7,555 | -100% |
| Gross operating margin | 9900 | €550,204 | €855,973 | +€305,769 | +55.6% |
| Operating profit (loss) | 9901 | €79,252 | €158,479 | +€79,227 | +100.0% |
| Financial income | 75/76B | €1,418 | €4,200 | +€2,782 | +196% |
| Recurring financial income | 75 | €1,418 | €4,200 | +€2,782 | +196% |
| Financial charges | 65/66B | €9,581 | €15,391 | +€5,811 | +60.7% |
| Recurring financial charges | 65 | €9,581 | €15,391 | +€5,811 | +60.7% |
| Profit (loss) for the period before taxes | 9903 | €71,089 | €147,288 | +€76,199 | +107% |
| Income taxes | 67/77 | €50,000 | €25,000 | -€25,000 | -50.0% |
| Profit (loss) for the period | 9904 | €21,089 | €122,288 | +€101,199 | +480% |
| Profit (loss) for the period to be appropriated | 9905 | €21,089 | €122,288 | +€101,199 | +480% |
Source: filed annual accounts (NBB), financial years ended 30 June 2024 and 30 June 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 26 October 2026 via checked.be.