H.E.B. INTERNATIONAL: what changed
H.E.B. INTERNATIONAL
Largest movements
- Cash +€13,781
up €13,781 (+7.4%), from €185,279 to €199,060
mainly Depreciation (+€9,446) and Trade debts (+€3,610)
- Tangible fixed assets -€12,904
down €12,904 (-30.1%), from €42,901 to €29,997
of which Furniture and vehicles: -€15,165
- Deferred charges and accrued income +€9,310
new in 2025: €9,310
- Reserves +€20,045
up €20,045 (+13.5%), from €148,437 to €168,482
of which Distributable reserves: +€21,905
- Contributions -€18,592
no longer reported in 2025 (was €18,592)
- Trade debts +€3,610
up €3,610 (+66.2%), from €5,452 to €9,062
- Tax, wage and social debts -€3,029
down €3,029 (-16.7%), from €18,104 to €15,075
- Financial charges -€46,168
down €46,168 (-99.9%), from €46,202 to €34
- Provisions +€45,556
no longer reported in 2025 (was -€45,556)
- Gross operating margin -€43,973
down €43,973 (-78.2%), from €56,211 to €12,238
- Taxes -€12,575
down €12,575 (-89.0%), from €14,137 to €1,562
- Depreciation -€2,517
down €2,517 (-21.0%), from €11,963 to €9,446
Change in the result, 2024 to 2025
For each income-statement line you see the change as its effect on the result. Higher costs lower the result, higher income raises it.
Derived cash bridge
The bridge is derived from the 2024 and 2025 balance sheets and the 2025 result. There is no filed cash-flow statement. You see where the money came from and where it went.
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €252,679 | €261,669 | +€8,990 | +3.6% |
| Fixed assets | 21/28 | €42,901 | €29,997 | -€12,904 | -30.1% |
| Tangible fixed assets | 22/27 | €42,901 | €29,997 | -€12,904 | -30.1% |
| Plant, machinery and equipment | 23 | - | €2,261 | +€2,261 | |
| Furniture and vehicles | 24 | €42,901 | €27,736 | -€15,165 | -35.3% |
| Current assets | 29/58 | €209,778 | €231,672 | +€21,894 | +10.4% |
| Amounts receivable within one year | 40/41 | €24,499 | €23,302 | -€1,197 | -4.9% |
| Trade receivables | 40 | €24,499 | €23,047 | -€1,452 | -5.9% |
| Other amounts receivable | 41 | - | €255 | +€255 | |
| Cash at bank and in hand | 54/58 | €185,279 | €199,060 | +€13,781 | +7.4% |
| Deferred charges and accrued income | 490/1 | - | €9,310 | +€9,310 | |
| Total equity and liabilities | 10/49 | €252,679 | €261,669 | +€8,990 | +3.6% |
| Equity | 10/15 | €168,585 | €172,130 | +€3,545 | +2.1% |
| Contributions | 10/11 | €18,592 | - | -€18,592 | |
| Reserves | 13 | €148,437 | €168,482 | +€20,045 | +13.5% |
| Non-distributable reserves | 130/1 | €1,859 | - | -€1,859 | |
| Reserves not available under the articles | 1311 | €1,859 | - | -€1,859 | |
| Distributable reserves | 133 | €146,577 | €168,482 | +€21,905 | +14.9% |
| Profit (loss) carried forward | 14 | €1,556 | €3,648 | +€2,092 | +134% |
| Amounts payable | 17/49 | €84,094 | €89,539 | +€5,445 | +6.5% |
| Amounts payable within one year | 42/48 | €84,094 | €87,039 | +€2,945 | +3.5% |
| Trade debts | 44 | €5,452 | €9,062 | +€3,610 | +66.2% |
| Suppliers | 440/4 | €5,452 | €9,062 | +€3,610 | +66.2% |
| Taxes, remuneration and social security | 45 | €18,104 | €15,075 | -€3,029 | -16.7% |
| Taxes | 450/3 | €18,104 | €15,075 | -€3,029 | -16.7% |
| Other amounts payable | 47/48 | €60,538 | €62,902 | +€2,364 | +3.9% |
| Accrued charges and deferred income | 492/3 | - | €2,500 | +€2,500 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €11,963 | €9,446 | -€2,517 | -21.0% |
| Provisions for liabilities and charges: additions (uses and reversals) | 635/8 | -€45,556 | - | +€45,556 | |
| Other operating charges | 640/8 | €2,356 | €659 | -€1,697 | -72.0% |
| Non-recurring operating charges | 66A | €75 | - | -€75 | |
| Gross operating margin | 9900 | €56,211 | €12,238 | -€43,973 | -78.2% |
| Operating profit (loss) | 9901 | €87,373 | €2,133 | -€85,240 | -97.6% |
| Financial income | 75/76B | - | €1,555 | +€1,555 | |
| Recurring financial income | 75 | - | €1,555 | +€1,555 | |
| Non-recurring financial income | 76B | - | €1,555 | +€1,555 | |
| Financial charges | 65/66B | €46,202 | €34 | -€46,168 | -99.9% |
| Recurring financial charges | 65 | €46,202 | €34 | -€46,168 | -99.9% |
| Profit (loss) for the period before taxes | 9903 | €41,171 | €3,654 | -€37,517 | -91.1% |
| Income taxes | 67/77 | €14,137 | €1,562 | -€12,575 | -89.0% |
| Profit (loss) for the period | 9904 | €27,034 | €2,092 | -€24,942 | -92.3% |
| Profit (loss) for the period to be appropriated | 9905 | €27,034 | €2,092 | -€24,942 | -92.3% |
Next steps
Calculation and sources
Source: filed annual accounts (NBB), financial years ended 31 January 2024 and 31 January 2025. Green is a favourable move for that line, red an unfavourable one. Prepared on 5 November 2026 via checked.be.