H. ECTOR: 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.
H. ECTOR
Largest movements
- Tangible fixed assets -€21,334
down €21,334 (-11.6%), from €183,680 to €162,346
of which Land and buildings: -€12,591
- Cash +€9,444
up €9,444 (+5.6%), from €168,994 to €178,438
mainly Depreciation (+€15,535) and Investment in fixed assets (net) (+€5,800)
- Profit (loss) carried forward -€121,821
no longer reported in 2025 (was €121,821)
- Reserves +€120,971
up €120,971 (+112.4%), from €107,613 to €228,584
of which Distributable reserves: +€120,971
- Other debts -€4,532
no longer reported in 2025 (was €4,532)
- Gross operating margin -€12,328
down €12,328 (-53.7%), from €22,964 to €10,635
- Taxes -€3,202
down €3,202 (-97.6%), from €3,281 to €79
- Financial income +€1,937
up €1,937 (+66.7%), from €2,905 to €4,842
- Financial charges -€726
down €726 (-91.0%), from €798 to €72
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 | €354,037 | €344,580 | -€9,457 | -2.7% |
| Fixed assets | 21/28 | €183,680 | €162,346 | -€21,334 | -11.6% |
| Tangible fixed assets | 22/27 | €183,680 | €162,346 | -€21,334 | -11.6% |
| Land and buildings | 22 | €159,600 | €147,009 | -€12,591 | -7.9% |
| Plant, machinery and equipment | 23 | €18,281 | €15,337 | -€2,944 | -16.1% |
| Furniture and vehicles | 24 | €5,800 | - | -€5,800 | |
| Current assets | 29/58 | €170,357 | €182,234 | +€11,877 | +7.0% |
| Amounts receivable within one year | 40/41 | - | €2,873 | +€2,873 | |
| Other amounts receivable | 41 | - | €2,873 | +€2,873 | |
| Cash at bank and in hand | 54/58 | €168,994 | €178,438 | +€9,444 | +5.6% |
| Deferred charges and accrued income | 490/1 | €1,363 | €923 | -€440 | -32.3% |
| Total equity and liabilities | 10/49 | €354,037 | €344,580 | -€9,457 | -2.7% |
| Equity | 10/15 | €348,226 | €344,195 | -€4,031 | -1.2% |
| Contributions | 10/11 | €62,000 | €62,000 | = | 0.0% |
| Capital | 10 | €62,000 | €62,000 | = | 0.0% |
| Issued capital | 100 | €62,000 | €62,000 | = | 0.0% |
| Revaluation surpluses | 12 | €56,793 | €53,611 | -€3,182 | -5.6% |
| Reserves | 13 | €107,613 | €228,584 | +€120,971 | +112.4% |
| Non-distributable reserves | 130/1 | €6,200 | €6,200 | = | 0.0% |
| Legal reserve | 130 | €6,200 | €6,200 | = | 0.0% |
| Distributable reserves | 133 | €101,413 | €222,384 | +€120,971 | +119.3% |
| Profit (loss) carried forward | 14 | €121,821 | - | -€121,821 | |
| Amounts payable | 17/49 | €5,811 | €386 | -€5,426 | -93.4% |
| Amounts payable within one year | 42/48 | €5,811 | €386 | -€5,426 | -93.4% |
| Trade debts | 44 | €870 | €386 | -€484 | -55.7% |
| Suppliers | 440/4 | €870 | €386 | -€484 | -55.7% |
| Taxes, remuneration and social security | 45 | €409 | - | -€409 | |
| Taxes | 450/3 | €409 | - | -€409 | |
| Other amounts payable | 47/48 | €4,532 | - | -€4,532 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €15,754 | €15,535 | -€219 | -1.4% |
| Other operating charges | 640/8 | €2,115 | €2,105 | -€10 | -0.5% |
| Gross operating margin | 9900 | €22,964 | €10,635 | -€12,328 | -53.7% |
| Operating profit (loss) | 9901 | €5,094 | -€7,004 | -€12,099 | |
| Financial income | 75/76B | €2,905 | €4,842 | +€1,937 | +66.7% |
| Recurring financial income | 75 | €2,905 | €4,842 | +€1,937 | +66.7% |
| Financial charges | 65/66B | €798 | €72 | -€726 | -91.0% |
| Recurring financial charges | 65 | €798 | €72 | -€726 | -91.0% |
| Profit (loss) for the period before taxes | 9903 | €7,202 | -€2,234 | -€9,436 | |
| Income taxes | 67/77 | €3,281 | €79 | -€3,202 | -97.6% |
| Profit (loss) for the period | 9904 | €3,921 | -€2,313 | -€6,235 | |
| Profit (loss) for the period to be appropriated | 9905 | €3,921 | -€2,313 | -€6,235 |
Source: filed annual accounts (NBB), financial years ended 31 December 2024 and 31 December 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 9 October 2026 via checked.be.