F.HETA: 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.
F.HETA
Largest movements
- Cash +€142,796
up €142,796 (+95.9%), from €148,952 to €291,749
mainly Other debts (+€448,931) and Net result for the year (+€129,652)
- Tangible fixed assets -€61,581
down €61,581 (-27.6%), from €222,950 to €161,369
of which Furniture and vehicles: -€36,182
- Receivables within one year +€13,186
up €13,186 (+5.6%), from €237,410 to €250,596
of which Trade receivables: +€16,324
- Deferred charges and accrued income -€9,044
down €9,044 (-50.6%), from €17,874 to €8,829
- Other debts +€448,931
up €448,931, from €0 to €448,931
- Reserves -€370,348
down €370,348 (-73.6%), from €503,180 to €132,831
- Trade debts +€20,444
up €20,444 (+44.3%), from €46,097 to €66,540
- Current portion of long-term debt -€16,193
down €16,193 (-64.7%), from €25,035 to €8,842
- Tax, wage and social debts +€11,320
up €11,320 (+34.9%), from €32,421 to €43,741
of which Taxes: +€7,879
- Gross operating margin +€68,864
up €68,864 (+15.0%), from €458,389 to €527,253
- Taxes +€26,668
up €26,668 (+145.4%), from €18,343 to €45,011
- Depreciation +€5,647
up €5,647 (+8.3%), from €67,785 to €73,431
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 | €627,437 | €712,793 | +€85,356 | +13.6% |
| Fixed assets | 21/28 | €223,200 | €161,619 | -€61,581 | -27.6% |
| Tangible fixed assets | 22/27 | €222,950 | €161,369 | -€61,581 | -27.6% |
| Plant, machinery and equipment | 23 | €113,968 | €93,753 | -€20,215 | -17.7% |
| Furniture and vehicles | 24 | €98,885 | €62,702 | -€36,182 | -36.6% |
| Leasing and similar rights | 25 | €10,098 | €4,914 | -€5,184 | -51.3% |
| Financial fixed assets | 28 | €250 | €250 | = | 0.0% |
| Current assets | 29/58 | €404,236 | €551,174 | +€146,938 | +36.3% |
| Stocks and contracts in progress | 3 | €0 | - | = | |
| Contracts in progress | 37 | €0 | - | = | |
| Amounts receivable within one year | 40/41 | €237,410 | €250,596 | +€13,186 | +5.6% |
| Trade receivables | 40 | €199,074 | €215,398 | +€16,324 | +8.2% |
| Other amounts receivable | 41 | €38,337 | €35,198 | -€3,139 | -8.2% |
| Cash at bank and in hand | 54/58 | €148,952 | €291,749 | +€142,796 | +95.9% |
| Deferred charges and accrued income | 490/1 | €17,874 | €8,829 | -€9,044 | -50.6% |
| Total equity and liabilities | 10/49 | €627,437 | €712,793 | +€85,356 | +13.6% |
| Equity | 10/15 | €513,180 | €142,831 | -€370,348 | -72.2% |
| Contributions | 10/11 | €10,000 | €10,000 | = | 0.0% |
| Reserves | 13 | €503,180 | €132,831 | -€370,348 | -73.6% |
| Distributable reserves | 133 | €503,180 | €132,831 | -€370,348 | -73.6% |
| Profit (loss) carried forward | 14 | - | €0 | = | |
| Amounts payable | 17/49 | €114,257 | €569,962 | +€455,705 | +398.8% |
| Amounts payable after more than one year | 17 | €9,671 | €829 | -€8,842 | -91.4% |
| Financial debts | 170/4 | €9,671 | €829 | -€8,842 | -91.4% |
| Amounts payable within one year | 42/48 | €104,587 | €569,133 | +€464,547 | +444.2% |
| Current portion of amounts payable after more than one year | 42 | €25,035 | €8,842 | -€16,193 | -64.7% |
| Financial debts | 43 | €1,034 | €1,079 | +€45 | +4.4% |
| Credit institutions | 430/8 | €1,034 | €1,079 | +€45 | +4.4% |
| Trade debts | 44 | €46,097 | €66,540 | +€20,444 | +44.3% |
| Suppliers | 440/4 | €46,097 | €66,540 | +€20,444 | +44.3% |
| Taxes, remuneration and social security | 45 | €32,421 | €43,741 | +€11,320 | +34.9% |
| Taxes | 450/3 | €22,132 | €30,011 | +€7,879 | +35.6% |
| Remuneration and social security | 454/9 | €10,289 | €13,730 | +€3,441 | +33.4% |
| Other amounts payable | 47/48 | €0 | €448,931 | +€448,931 | |
| Accrued charges and deferred income | 492/3 | €0 | - | = | |
| Remuneration, social security and pensions | 62 | €262,133 | €257,787 | -€4,346 | -1.7% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €67,785 | €73,431 | +€5,647 | +8.3% |
| Other operating charges | 640/8 | €4,953 | €5,115 | +€162 | +3.3% |
| Non-recurring operating charges | 66A | €30,079 | €11,661 | -€18,418 | -61.2% |
| Gross operating margin | 9900 | €458,389 | €527,253 | +€68,864 | +15.0% |
| Operating profit (loss) | 9901 | €93,439 | €179,258 | +€85,820 | +91.8% |
| Financial income | 75/76B | €729 | €149 | -€580 | -79.6% |
| Recurring financial income | 75 | €729 | €149 | -€580 | -79.6% |
| Financial charges | 65/66B | €8,477 | €4,745 | -€3,733 | -44.0% |
| Recurring financial charges | 65 | €8,477 | €4,745 | -€3,733 | -44.0% |
| Profit (loss) for the period before taxes | 9903 | €85,690 | €174,663 | +€88,972 | +103.8% |
| Income taxes | 67/77 | €18,343 | €45,011 | +€26,668 | +145.4% |
| Profit (loss) for the period | 9904 | €67,347 | €129,652 | +€62,305 | +92.5% |
| Profit (loss) for the period to be appropriated | 9905 | €67,347 | €129,652 | +€62,305 | +92.5% |
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 7 October 2026 via checked.be.