H.E GROUPE: 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.
H.E GROUPE
Largest movements
- Tangible fixed assets -€4,765
down €4,765 (-38.7%), from €12,311 to €7,545
- Intangible fixed assets -€2,850
down €2,850 (-20.0%), from €14,250 to €11,400
- Deferred charges and accrued income +€1,387
new in 2025: €1,387
- Cash -€1,373
down €1,373 (-13.6%), from €10,093 to €8,720
mainly Net result for the year (-€3,963) and Other debts (-€1,911)
- Receivables within one year +€1,334
up €1,334 (+236.7%), from €563 to €1,897
- Profit (loss) carried forward -€3,963
down €3,963 (-8.3%), from -€47,860 to -€51,823
- Other debts -€1,911
down €1,911 (-4.0%), from €47,734 to €45,823
- Trade debts -€897
down €897 (-11.4%), from €7,885 to €6,989
- Tax, wage and social debts +€528
new in 2025: €528
- Turnover -€42,038
no longer reported in 2025 (was €42,038)
- Purchases and services -€33,089
no longer reported in 2025 (was €33,089)
- Gross operating margin -€5,096
down €5,096 (-57.0%), from €8,949 to €3,852
- Financial income -€1,569
down €1,569 (-99.1%), from €1,583 to €14
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 | €37,760 | €31,517 | -€6,243 | -16.5% |
| Fixed assets | 21/28 | €26,561 | €18,945 | -€7,615 | -28.7% |
| Intangible fixed assets | 21 | €14,250 | €11,400 | -€2,850 | -20.0% |
| Tangible fixed assets | 22/27 | €12,311 | €7,545 | -€4,765 | -38.7% |
| Furniture and vehicles | 24 | €12,311 | €7,545 | -€4,765 | -38.7% |
| Current assets | 29/58 | €11,199 | €12,572 | +€1,373 | +12.3% |
| Stocks and contracts in progress | 3 | €543 | €568 | +€25 | +4.6% |
| Stocks | 30/36 | €543 | €568 | +€25 | +4.6% |
| Amounts receivable within one year | 40/41 | €563 | €1,897 | +€1,334 | +236.7% |
| Other amounts receivable | 41 | €563 | €1,897 | +€1,334 | +236.7% |
| Cash at bank and in hand | 54/58 | €10,093 | €8,720 | -€1,373 | -13.6% |
| Deferred charges and accrued income | 490/1 | - | €1,387 | +€1,387 | |
| Total equity and liabilities | 10/49 | €37,760 | €31,517 | -€6,243 | -16.5% |
| Equity | 10/15 | -€17,860 | -€21,823 | -€3,963 | -22.2% |
| Contributions | 10/11 | €30,000 | €30,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€47,860 | -€51,823 | -€3,963 | -8.3% |
| Amounts payable | 17/49 | €55,619 | €53,340 | -€2,280 | -4.1% |
| Amounts payable within one year | 42/48 | €55,619 | €53,340 | -€2,280 | -4.1% |
| Trade debts | 44 | €7,885 | €6,989 | -€897 | -11.4% |
| Suppliers | 440/4 | €7,885 | €6,989 | -€897 | -11.4% |
| Taxes, remuneration and social security | 45 | - | €528 | +€528 | |
| Taxes | 450/3 | - | €528 | +€528 | |
| Other amounts payable | 47/48 | €47,734 | €45,823 | -€1,911 | -4.0% |
| Turnover | 70 | €42,038 | - | -€42,038 | |
| Goods, raw materials, services and sundry goods | 60/61 | €33,089 | - | -€33,089 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €7,615 | €7,615 | = | 0.0% |
| Other operating charges | 640/8 | €280 | €106 | -€174 | -62.1% |
| Gross operating margin | 9900 | €8,949 | €3,852 | -€5,096 | -57.0% |
| Operating profit (loss) | 9901 | €1,053 | -€3,869 | -€4,922 | |
| Financial income | 75/76B | €1,583 | €14 | -€1,569 | -99.1% |
| Recurring financial income | 75 | €1,583 | €14 | -€1,569 | -99.1% |
| Financial charges | 65/66B | €108 | €108 | = | 0.0% |
| Recurring financial charges | 65 | €108 | €108 | = | 0.0% |
| Profit (loss) for the period before taxes | 9903 | €2,528 | -€3,963 | -€6,491 | |
| Profit (loss) for the period | 9904 | €2,528 | -€3,963 | -€6,491 | |
| Profit (loss) for the period to be appropriated | 9905 | €2,528 | -€3,963 | -€6,491 |
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 6 October 2026 via checked.be.