Hé?! Management: 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.
Hé?! Management
Largest movements
- Cash -€27,970
down €27,970 (-84.9%), from €32,942 to €4,972
mainly Net result for the year (-€47,151) and Receivables within one year (-€1,023)
- Tangible fixed assets -€7,104
down €7,104 (-56.1%), from €12,670 to €5,566
- Receivables within one year +€1,023
up €1,023 (+199%), from €513 to €1,536
of which Other amounts receivable: +€831
- Deferred charges and accrued income -€706
down €706 (-45.6%), from €1,549 to €843
- Profit (loss) carried forward -€47,151
down €47,151 (-91.7%), from -€51,397 to -€98,548
- Other debts +€8,292
up €8,292 (+107%), from €7,776 to €16,068
- Trade debts +€4,083
up €4,083 (+6,743%), from €61 to €4,143
- Gross operating margin -€30,926
down €30,926 (-384%), from -€8,053 to -€38,979
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.
Derived cash bridge
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 | €47,674 | €12,917 | -€34,757 | -72.9% |
| Fixed assets | 21/28 | €12,670 | €5,566 | -€7,104 | -56.1% |
| Tangible fixed assets | 22/27 | €12,670 | €5,566 | -€7,104 | -56.1% |
| Furniture and vehicles | 24 | €12,670 | €5,566 | -€7,104 | -56.1% |
| Current assets | 29/58 | €35,004 | €7,351 | -€27,653 | -79.0% |
| Amounts receivable within one year | 40/41 | €513 | €1,536 | +€1,023 | +199% |
| Trade receivables | 40 | - | €191 | +€191 | |
| Other amounts receivable | 41 | €513 | €1,345 | +€831 | +162% |
| Cash at bank and in hand | 54/58 | €32,942 | €4,972 | -€27,970 | -84.9% |
| Deferred charges and accrued income | 490/1 | €1,549 | €843 | -€706 | -45.6% |
| Total equity and liabilities | 10/49 | €47,674 | €12,917 | -€34,757 | -72.9% |
| Equity | 10/15 | €39,385 | -€7,766 | -€47,151 | |
| Contributions | 10/11 | €12,400 | €12,400 | = | 0.0% |
| Reserves | 13 | €78,382 | €78,382 | = | 0.0% |
| Distributable reserves | 133 | €78,382 | €78,382 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€51,397 | -€98,548 | -€47,151 | -91.7% |
| Amounts payable | 17/49 | €8,289 | €20,683 | +€12,394 | +150% |
| Amounts payable within one year | 42/48 | €8,289 | €20,683 | +€12,395 | +150% |
| Trade debts | 44 | €61 | €4,143 | +€4,083 | +6,743% |
| Suppliers | 440/4 | €61 | €4,143 | +€4,083 | +6,743% |
| Taxes, remuneration and social security | 45 | €452 | €472 | +€20 | +4.4% |
| Taxes | 450/3 | €452 | €472 | +€20 | +4.4% |
| Other amounts payable | 47/48 | €7,776 | €16,068 | +€8,292 | +107% |
| Accrued charges and deferred income | 492/3 | €1 | - | -€1 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €7,104 | €7,104 | = | 0.0% |
| Other operating charges | 640/8 | €856 | €832 | -€24 | -2.8% |
| Gross operating margin | 9900 | -€8,053 | -€38,979 | -€30,926 | -384% |
| Operating profit (loss) | 9901 | -€16,013 | -€46,915 | -€30,902 | -193% |
| Financial income | 75/76B | - | €5 | +€5 | |
| Recurring financial income | 75 | - | €5 | +€5 | |
| Financial charges | 65/66B | €50 | €65 | +€15 | +30.3% |
| Recurring financial charges | 65 | €50 | €65 | +€15 | +30.3% |
| Profit (loss) for the period before taxes | 9903 | -€16,063 | -€46,975 | -€30,912 | -192% |
| Income taxes | 67/77 | €174 | €176 | +€2 | +1.0% |
| Profit (loss) for the period | 9904 | -€16,237 | -€47,151 | -€30,914 | -190% |
| Profit (loss) for the period to be appropriated | 9905 | -€16,237 | -€47,151 | -€30,914 | -190% |
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 19 October 2026 via checked.be.