HTM INVEST: 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.
HTM INVEST
Largest movements
- Receivables within one year +€9,470
up €9,470 (+40.0%), from €23,663 to €33,133
of which Trade receivables: +€13,420
- Cash +€1,168
up €1,168 (+95.9%), from €1,218 to €2,386
mainly Trade debts (+€15,055) and Tax, wage and social debts (+€9,042)
- Trade debts +€15,055
new in 2025: €15,055
- Profit (loss) carried forward -€13,370
down €13,370 (-80.8%), from €16,551 to €3,181
- Tax, wage and social debts +€9,042
up €9,042 (+112%), from €8,099 to €17,141
of which Remuneration and social security: +€6,353
- Gross operating margin -€53,865
down €53,865 (-89.1%), from €60,475 to €6,609
- Staff costs -€21,487
down €21,487 (-53.1%), from €40,458 to €18,971
- Taxes -€4,726
no longer reported in 2025 (was €4,726)
- Depreciation -€700
no longer reported in 2025 (was €700)
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 | €25,524 | €36,251 | +€10,727 | +42.0% |
| Formation expenses | 20 | €0 | €0 | = | |
| Fixed assets | 21/28 | €0 | €0 | = | |
| Tangible fixed assets | 22/27 | €0 | €0 | = | |
| Furniture and vehicles | 24 | €0 | €0 | = | |
| Current assets | 29/58 | €25,524 | €36,251 | +€10,727 | +42.0% |
| Amounts receivable within one year | 40/41 | €23,663 | €33,133 | +€9,470 | +40.0% |
| Trade receivables | 40 | €19,456 | €32,876 | +€13,420 | +69.0% |
| Other amounts receivable | 41 | €4,207 | €257 | -€3,950 | -93.9% |
| Cash at bank and in hand | 54/58 | €1,218 | €2,386 | +€1,168 | +95.9% |
| Deferred charges and accrued income | 490/1 | €642 | €732 | +€89 | +13.9% |
| Total equity and liabilities | 10/49 | €25,524 | €36,251 | +€10,727 | +42.0% |
| Equity | 10/15 | €17,425 | €4,055 | -€13,370 | -76.7% |
| Contributions | 10/11 | €600 | €600 | = | 0.0% |
| Contributions outside capital | 11 | €600 | €600 | = | 0.0% |
| Other | 1109/19 | €600 | €600 | = | 0.0% |
| Reserves | 13 | €274 | €274 | = | 0.0% |
| Non-distributable reserves | 130/1 | €274 | €274 | = | 0.0% |
| Reserves not available under the articles | 1311 | €274 | €274 | = | 0.0% |
| Profit (loss) carried forward | 14 | €16,551 | €3,181 | -€13,370 | -80.8% |
| Amounts payable | 17/49 | €8,099 | €32,196 | +€24,097 | +298% |
| Amounts payable within one year | 42/48 | €8,099 | €32,196 | +€24,097 | +298% |
| Trade debts | 44 | - | €15,055 | +€15,055 | |
| Suppliers | 440/4 | - | €15,055 | +€15,055 | |
| Taxes, remuneration and social security | 45 | €8,099 | €17,141 | +€9,042 | +112% |
| Taxes | 450/3 | €7,153 | €9,842 | +€2,689 | +37.6% |
| Remuneration and social security | 454/9 | €946 | €7,299 | +€6,353 | +672% |
| Remuneration, social security and pensions | 62 | €40,458 | €18,971 | -€21,487 | -53.1% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €700 | - | -€700 | |
| Other operating charges | 640/8 | €1,031 | €944 | -€88 | -8.5% |
| Gross operating margin | 9900 | €60,475 | €6,609 | -€53,865 | -89.1% |
| Operating profit (loss) | 9901 | €18,285 | -€13,305 | -€31,590 | |
| Financial income | 75/76B | €257 | - | -€257 | |
| Recurring financial income | 75 | €257 | - | -€257 | |
| Financial charges | 65/66B | €214 | €65 | -€149 | -69.7% |
| Recurring financial charges | 65 | €214 | €65 | -€149 | -69.7% |
| Profit (loss) for the period before taxes | 9903 | €18,327 | -€13,370 | -€31,697 | |
| Income taxes | 67/77 | €4,726 | - | -€4,726 | |
| Profit (loss) for the period | 9904 | €13,602 | -€13,370 | -€26,972 | |
| Profit (loss) for the period to be appropriated | 9905 | €13,602 | -€13,370 | -€26,972 |
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 28 October 2026 via checked.be.