HE - GO TRANS: what changed
HE - GO TRANS
Largest movements
- Cash -€16,382
down €16,382 (-30.7%), from €53,442 to €37,060
mainly Debts after one year (-€19,556) and Investment in fixed assets (net) (-€8,210)
- Receivables within one year -€4,348
down €4,348 (-16.5%), from €26,394 to €22,046
of which Trade receivables: -€4,166
- Tangible fixed assets +€2,568
up €2,568 (+19.6%), from €13,136 to €15,704
of which Furniture and vehicles: +€4,623
- Deferred charges and accrued income -€1,491
down €1,491 (-39.0%), from €3,821 to €2,330
- Debts after one year -€19,556
down €19,556 (-35.0%), from €55,823 to €36,267
- Current portion of long-term debt +€2,530
up €2,530 (+16.8%), from €15,026 to €17,556
- Financial charges -€8,475
down €8,475 (-71.5%), from €11,853 to €3,378
of which Non-recurring financial charges: -€8,299
- Gross operating margin -€6,480
down €6,480 (-25.6%), from €25,346 to €18,866
- Depreciation +€1,572
up €1,572 (+38.6%), from €4,070 to €5,642
- Other operating charges +€449
up €449 (+4.8%), from €9,395 to €9,843
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 | €100,176 | €81,501 | -€18,675 | -18.6% |
| Fixed assets | 21/28 | €13,319 | €15,887 | +€2,568 | +19.3% |
| Tangible fixed assets | 22/27 | €13,136 | €15,704 | +€2,568 | +19.6% |
| Land and buildings | 22 | €411 | - | -€411 | |
| Plant, machinery and equipment | 23 | €3,104 | €1,461 | -€1,644 | -52.9% |
| Furniture and vehicles | 24 | €9,620 | €14,243 | +€4,623 | +48.1% |
| Financial fixed assets | 28 | €183 | €183 | = | 0.0% |
| Current assets | 29/58 | €86,857 | €65,614 | -€21,243 | -24.5% |
| Stocks and contracts in progress | 3 | €3,201 | €4,179 | +€978 | +30.5% |
| Stocks | 30/36 | €3,201 | €4,179 | +€978 | +30.5% |
| Amounts receivable within one year | 40/41 | €26,394 | €22,046 | -€4,348 | -16.5% |
| Trade receivables | 40 | €25,586 | €21,421 | -€4,166 | -16.3% |
| Other amounts receivable | 41 | €808 | €625 | -€182 | -22.6% |
| Cash at bank and in hand | 54/58 | €53,442 | €37,060 | -€16,382 | -30.7% |
| Deferred charges and accrued income | 490/1 | €3,821 | €2,330 | -€1,491 | -39.0% |
| Total equity and liabilities | 10/49 | €100,176 | €81,501 | -€18,675 | -18.6% |
| Equity | 10/15 | €18,861 | €18,864 | +€3 | 0.0% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €8,337 | €8,337 | = | 0.0% |
| Non-distributable reserves | 130/1 | €1,860 | €1,860 | = | 0.0% |
| Reserves not available under the articles | 1311 | €1,860 | €1,860 | = | 0.0% |
| Distributable reserves | 133 | €6,477 | €6,477 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€8,076 | -€8,073 | +€3 | 0.0% |
| Amounts payable | 17/49 | €81,315 | €62,637 | -€18,678 | -23.0% |
| Amounts payable after more than one year | 17 | €55,823 | €36,267 | -€19,556 | -35.0% |
| Financial debts | 170/4 | €55,823 | €36,267 | -€19,556 | -35.0% |
| Amounts payable within one year | 42/48 | €25,492 | €26,371 | +€878 | +3.4% |
| Current portion of amounts payable after more than one year | 42 | €15,026 | €17,556 | +€2,530 | +16.8% |
| Trade debts | 44 | €9,380 | €8,531 | -€850 | -9.1% |
| Suppliers | 440/4 | €9,380 | €8,531 | -€850 | -9.1% |
| Taxes, remuneration and social security | 45 | €1,086 | €284 | -€803 | -73.9% |
| Taxes | 450/3 | €1,086 | €284 | -€803 | -73.9% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €4,070 | €5,642 | +€1,572 | +38.6% |
| Other operating charges | 640/8 | €9,395 | €9,843 | +€449 | +4.8% |
| Gross operating margin | 9900 | €25,346 | €18,866 | -€6,480 | -25.6% |
| Operating profit (loss) | 9901 | €11,882 | €3,381 | -€8,501 | -71.5% |
| Financial income | 75/76B | €0 | €0 | +€0 | +11.1% |
| Recurring financial income | 75 | €0 | €0 | +€0 | +11.1% |
| Financial charges | 65/66B | €11,853 | €3,378 | -€8,475 | -71.5% |
| Recurring financial charges | 65 | €3,555 | €3,378 | -€177 | -5.0% |
| Non-recurring financial charges | 66B | €8,299 | - | -€8,299 | |
| Profit (loss) for the period before taxes | 9903 | €28 | €3 | -€26 | -90.1% |
| Profit (loss) for the period | 9904 | €28 | €3 | -€26 | -90.1% |
| Profit (loss) for the period to be appropriated | 9905 | €28 | €3 | -€26 | -90.1% |
Next steps
Calculation and sources
Source: filed annual accounts (NBB), financial years ended 31 December 2024 and 31 December 2025. Green is a favourable move for that line, red an unfavourable one. Prepared on 3 November 2026 via checked.be.