ARON & HEKTOR: 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.
ARON & HEKTOR
Largest movements
- Receivables within one year +€186,578
new in 2023: €186,578
of which Other amounts receivable: +€163,030
- Intangible fixed assets -€7,000
down €7,000 (-30.8%), from €22,750 to €15,750
- Cash -€6,505
down €6,505 (-67.4%), from €9,649 to €3,144
- Profit (loss) carried forward +€140,140
up €140,140, from -€25,866 to €114,274
- Trade debts +€25,204
up €25,204 (+166%), from €15,151 to €40,355
- Tax, wage and social debts +€4,077
up €4,077 (+87.7%), from €4,647 to €8,725
of which Taxes: +€6,499
- Gross operating margin +€70,265
up €70,265 (+573%), from €12,261 to €82,525
- Staff costs -€2,223
down €2,223 (-100%), from €2,223 to €0
From the 2021 result to the 2023 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
A cash bridge needs two consecutive financial years: one year's result and depreciation cannot explain a change over several years. Pick two years that follow each other.
Every line side by side
| Line | Code | 2021 | 2023 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €41,740 | €214,078 | +€172,338 | +413% |
| Fixed assets | 21/28 | €30,769 | €22,210 | -€8,559 | -27.8% |
| Intangible fixed assets | 21 | €22,750 | €15,750 | -€7,000 | -30.8% |
| Tangible fixed assets | 22/27 | €2,339 | €780 | -€1,559 | -66.7% |
| Furniture and vehicles | 24 | €2,339 | €780 | -€1,559 | -66.7% |
| Financial fixed assets | 28 | €5,680 | €5,680 | = | 0.0% |
| Current assets | 29/58 | €10,972 | €191,869 | +€180,897 | +1,649% |
| Stocks and contracts in progress | 3 | €1,287 | €2,147 | +€860 | +66.8% |
| Stocks | 30/36 | €1,287 | €2,147 | +€860 | +66.8% |
| Amounts receivable within one year | 40/41 | - | €186,578 | +€186,578 | |
| Trade receivables | 40 | - | €23,548 | +€23,548 | |
| Other amounts receivable | 41 | - | €163,030 | +€163,030 | |
| Cash at bank and in hand | 54/58 | €9,649 | €3,144 | -€6,505 | -67.4% |
| Deferred charges and accrued income | 490/1 | €36 | - | -€36 | |
| Total equity and liabilities | 10/49 | €41,740 | €214,078 | +€172,338 | +413% |
| Equity | 10/15 | -€7,866 | €132,274 | +€140,140 | |
| Contributions | 10/11 | €18,000 | €18,000 | = | 0.0% |
| Contributions outside capital | 11 | €18,000 | - | -€18,000 | |
| Other | 1109/19 | €18,000 | - | -€18,000 | |
| Profit (loss) carried forward | 14 | -€25,866 | €114,274 | +€140,140 | |
| Amounts payable | 17/49 | €49,606 | €81,804 | +€32,198 | +64.9% |
| Amounts payable within one year | 42/48 | €47,482 | €78,255 | +€30,773 | +64.8% |
| Trade debts | 44 | €15,151 | €40,355 | +€25,204 | +166% |
| Suppliers | 440/4 | €15,151 | €40,355 | +€25,204 | +166% |
| Taxes, remuneration and social security | 45 | €4,647 | €8,725 | +€4,077 | +87.7% |
| Taxes | 450/3 | €2,225 | €8,725 | +€6,499 | +292% |
| Remuneration and social security | 454/9 | €2,422 | - | -€2,422 | |
| Other amounts payable | 47/48 | €27,684 | €29,175 | +€1,491 | +5.4% |
| Accrued charges and deferred income | 492/3 | €2,125 | €3,549 | +€1,425 | +67.1% |
| Non-recurring operating income | 76A | €16,685 | - | -€16,685 | |
| Remuneration, social security and pensions | 62 | €2,223 | €0 | -€2,223 | -100% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €4,656 | €4,280 | -€377 | -8.1% |
| Other operating charges | 640/8 | €395 | €259 | -€136 | -34.4% |
| Non-recurring operating charges | 66A | €270 | - | -€270 | |
| Gross operating margin | 9900 | €12,261 | €82,525 | +€70,265 | +573% |
| Operating profit (loss) | 9901 | €4,716 | €77,987 | +€73,270 | +1,554% |
| Financial charges | 65/66B | €1,696 | €1,261 | -€435 | -25.6% |
| Recurring financial charges | 65 | €1,696 | €1,261 | -€435 | -25.6% |
| Profit (loss) for the period before taxes | 9903 | €3,020 | €76,726 | +€73,705 | +2,440% |
| Income taxes | 67/77 | €0 | - | -€0 | |
| Profit (loss) for the period | 9904 | €3,020 | €76,726 | +€73,705 | +2,440% |
| Profit (loss) for the period to be appropriated | 9905 | €3,020 | €76,726 | +€73,705 | +2,440% |
Source: filed annual accounts (NBB), financial years ended 31 December 2021 and 31 December 2023. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 19 October 2026 via checked.be.