H.E.T. & PARTNERS: 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.T. & PARTNERS
Largest movements
- Cash -€365,380
down €365,380 (-36.3%), from €1.0m to €641,289
mainly Contributions, distributions and other (-€400,000) and Net result for the year (-€105,367)
- Receivables within one year -€145,262
down €145,262 (-28.7%), from €506,027 to €360,765
- Profit (loss) carried forward -€877,523
down €877,523, from €772,156 to -€105,368
- Reserves +€372,156
up €372,156 (+29.7%), from €1.3m to €1.6m
of which Distributable reserves: +€372,156
- Gross operating margin -€1.4m
down €1.4m, from €1.4m to -€3,630
- Taxes -€540,628
down €540,628 (-84.5%), from €639,728 to €99,100
- Financial income -€21,027
no longer reported in 2025 (was €21,027)
- Other operating charges -€20,685
down €20,685 (-89.3%), from €23,162 to €2,477
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 | €2,205,046 | €1,694,404 | -€510,641 | -23.2% |
| Fixed assets | 21/28 | €692,350 | €692,350 | = | 0.0% |
| Financial fixed assets | 28 | €692,350 | €692,350 | = | 0.0% |
| Current assets | 29/58 | €1,512,696 | €1,002,054 | -€510,641 | -33.8% |
| Amounts receivable within one year | 40/41 | €506,027 | €360,765 | -€145,262 | -28.7% |
| Other amounts receivable | 41 | €506,027 | €360,765 | -€145,262 | -28.7% |
| Cash at bank and in hand | 54/58 | €1,006,669 | €641,289 | -€365,380 | -36.3% |
| Total equity and liabilities | 10/49 | €2,205,046 | €1,694,404 | -€510,641 | -23.2% |
| Equity | 10/15 | €2,199,772 | €1,694,404 | -€505,367 | -23.0% |
| Contributions | 10/11 | €174,000 | €174,000 | = | 0.0% |
| Capital | 10 | €174,000 | €174,000 | = | 0.0% |
| Issued capital | 100 | €174,000 | €174,000 | = | 0.0% |
| Reserves | 13 | €1,253,616 | €1,625,772 | +€372,156 | +29.7% |
| Non-distributable reserves | 130/1 | €2,547 | €2,547 | = | 0.0% |
| Legal reserve | 130 | €2,547 | €2,547 | = | 0.0% |
| Tax-exempt reserves | 132 | €1,239,468 | €1,239,468 | = | 0.0% |
| Distributable reserves | 133 | €11,602 | €383,758 | +€372,156 | +3207.7% |
| Profit (loss) carried forward | 14 | €772,156 | -€105,368 | -€877,523 | |
| Amounts payable | 17/49 | €5,274 | - | -€5,274 | |
| Amounts payable within one year | 42/48 | €3,024 | - | -€3,024 | |
| Trade debts | 44 | €3,024 | - | -€3,024 | |
| Suppliers | 440/4 | €3,024 | - | -€3,024 | |
| Accrued charges and deferred income | 492/3 | €2,250 | - | -€2,250 | |
| Non-recurring operating income | 76A | €1,230,231 | - | -€1.2m | |
| Other operating charges | 640/8 | €23,162 | €2,477 | -€20,685 | -89.3% |
| Gross operating margin | 9900 | €1,414,602 | -€3,630 | -€1.4m | |
| Operating profit (loss) | 9901 | €1,391,440 | -€6,107 | -€1.4m | |
| Financial income | 75/76B | €21,027 | - | -€21,027 | |
| Recurring financial income | 75 | €21,027 | - | -€21,027 | |
| Financial charges | 65/66B | €583 | €161 | -€422 | -72.4% |
| Recurring financial charges | 65 | €583 | €161 | -€422 | -72.4% |
| Profit (loss) for the period before taxes | 9903 | €1,411,884 | -€6,267 | -€1.4m | |
| Income taxes | 67/77 | €639,728 | €99,100 | -€540,628 | -84.5% |
| Profit (loss) for the period | 9904 | €772,156 | -€105,367 | -€877,523 | |
| Profit (loss) for the period to be appropriated | 9905 | €772,156 | -€105,367 | -€877,523 |
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 5 October 2026 via checked.be.