HTMI: 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.
HTMI
Largest movements
- Tangible fixed assets +€300,504
up €300,504 (+30.1%), from €998,434 to €1.3m
of which Land and buildings: +€428,569
- Receivables within one year +€95,331
up €95,331 (+1446.2%), from €6,592 to €101,923
of which Other amounts receivable: +€95,331
- Debts after one year +€317,638
up €317,638 (+99.9%), from €318,045 to €635,683
- Reserves +€66,930
up €66,930 (+15.0%), from €445,903 to €512,833
of which Distributable reserves: +€66,930
- Current portion of long-term debt +€45,679
up €45,679 (+58.6%), from €77,956 to €123,635
- Trade debts -€22,042
down €22,042 (-69.8%), from €31,580 to €9,537
- Accrued charges and deferred income -€14,741
down €14,741 (-40.4%), from €36,491 to €21,750
- Gross operating margin +€26,991
up €26,991 (+11.0%), from €245,283 to €272,274
- Depreciation +€5,108
up €5,108 (+7.1%), from €71,790 to €76,898
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 | €1,019,303 | €1,411,493 | +€392,190 | +38.5% |
| Fixed assets | 21/28 | €998,434 | €1,298,938 | +€300,504 | +30.1% |
| Tangible fixed assets | 22/27 | €998,434 | €1,298,938 | +€300,504 | +30.1% |
| Land and buildings | 22 | €853,954 | €1,282,523 | +€428,569 | +50.2% |
| Plant, machinery and equipment | 23 | €780 | €470 | -€310 | -39.7% |
| Furniture and vehicles | 24 | €16,062 | €15,944 | -€118 | -0.7% |
| Assets under construction and advance payments | 27 | €127,637 | €0 | -€127,637 | -100.0% |
| Current assets | 29/58 | €20,870 | €112,556 | +€91,686 | +439.3% |
| Amounts receivable within one year | 40/41 | €6,592 | €101,923 | +€95,331 | +1446.2% |
| Trade receivables | 40 | €0 | - | = | |
| Other amounts receivable | 41 | €6,592 | €101,923 | +€95,331 | +1446.2% |
| Cash at bank and in hand | 54/58 | €8,888 | €1,389 | -€7,498 | -84.4% |
| Deferred charges and accrued income | 490/1 | €5,390 | €9,244 | +€3,853 | +71.5% |
| Total equity and liabilities | 10/49 | €1,019,303 | €1,411,493 | +€392,190 | +38.5% |
| Equity | 10/15 | €464,671 | €531,601 | +€66,930 | +14.4% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €445,903 | €512,833 | +€66,930 | +15.0% |
| Non-distributable reserves | 130/1 | €0 | - | = | |
| Reserves not available under the articles | 1311 | €0 | - | = | |
| Distributable reserves | 133 | €445,903 | €512,833 | +€66,930 | +15.0% |
| Profit (loss) carried forward | 14 | €167 | €167 | = | 0.0% |
| Amounts payable | 17/49 | €554,633 | €879,893 | +€325,260 | +58.6% |
| Amounts payable after more than one year | 17 | €318,045 | €635,683 | +€317,638 | +99.9% |
| Financial debts | 170/4 | €318,045 | €635,683 | +€317,638 | +99.9% |
| Amounts payable within one year | 42/48 | €200,097 | €222,460 | +€22,363 | +11.2% |
| Current portion of amounts payable after more than one year | 42 | €77,956 | €123,635 | +€45,679 | +58.6% |
| Financial debts | 43 | €15 | €0 | -€15 | -100.0% |
| Credit institutions | 430/8 | €15 | €0 | -€15 | -100.0% |
| Trade debts | 44 | €31,580 | €9,537 | -€22,042 | -69.8% |
| Suppliers | 440/4 | €31,580 | €9,537 | -€22,042 | -69.8% |
| Taxes, remuneration and social security | 45 | €21,754 | €25,749 | +€3,995 | +18.4% |
| Taxes | 450/3 | €21,754 | €25,749 | +€3,995 | +18.4% |
| Other amounts payable | 47/48 | €68,793 | €63,539 | -€5,254 | -7.6% |
| Accrued charges and deferred income | 492/3 | €36,491 | €21,750 | -€14,741 | -40.4% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €71,790 | €76,898 | +€5,108 | +7.1% |
| Other operating charges | 640/8 | €6,785 | €7,881 | +€1,095 | +16.1% |
| Gross operating margin | 9900 | €245,283 | €272,274 | +€26,991 | +11.0% |
| Operating profit (loss) | 9901 | €166,707 | €187,495 | +€20,788 | +12.5% |
| Financial income | 75/76B | €0 | €1 | +€1 | |
| Recurring financial income | 75 | €0 | €1 | +€1 | |
| Financial charges | 65/66B | €23,271 | €25,175 | +€1,904 | +8.2% |
| Recurring financial charges | 65 | €23,271 | €25,175 | +€1,904 | +8.2% |
| Profit (loss) for the period before taxes | 9903 | €143,436 | €162,321 | +€18,885 | +13.2% |
| Income taxes | 67/77 | €42,325 | €44,191 | +€1,866 | +4.4% |
| Profit (loss) for the period | 9904 | €101,111 | €118,130 | +€17,019 | +16.8% |
| Profit (loss) for the period to be appropriated | 9905 | €101,111 | €118,130 | +€17,019 | +16.8% |
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 4 October 2026 via checked.be.