HEA: 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.
HEA
Largest movements
- Receivables within one year -€10,964
down €10,964 (-69.5%), from €15,783 to €4,820
of which Trade receivables: -€5,525
- Financial fixed assets -€3,396
no longer reported in 2024 (was €3,396)
- Cash +€3,396
up €3,396 (+71.7%), from €4,735 to €8,131
- Tangible fixed assets -€2,388
no longer reported in 2024 (was €2,388)
- Deferred charges and accrued income -€520
no longer reported in 2024 (was €520)
- Profit (loss) carried forward -€8,032
down €8,032, from €522 to -€7,510
- Current portion of long-term debt -€4,556
no longer reported in 2024 (was €4,556)
- Trade debts -€856
no longer reported in 2024 (was €856)
- Short-term financial debts -€428
no longer reported in 2024 (was €428)
- Gross operating margin +€18,506
no longer reported in 2024 (was -€18,506)
- Staff costs -€10,552
no longer reported in 2024 (was €10,552)
- Other operating charges -€5,092
no longer reported in 2024 (was €5,092)
- Depreciation -€860
no longer reported in 2024 (was €860)
- Financial income -€821
down €821 (-74.6%), from €1,100 to €279
From the 2022 result to the 2024 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
A cash bridge needs two consecutive fiscal years: one year's result and depreciation cannot explain a change over several years. Pick two years that follow each other.
Every line side by side
| Line | Code | 2022 | 2024 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €26,823 | €12,950 | -€13,872 | -51.7% |
| Fixed assets | 21/28 | €5,784 | - | -€5,784 | |
| Tangible fixed assets | 22/27 | €2,388 | - | -€2,388 | |
| Land and buildings | 22 | €2,388 | - | -€2,388 | |
| Financial fixed assets | 28 | €3,396 | - | -€3,396 | |
| Current assets | 29/58 | €21,039 | €12,950 | -€8,088 | -38.4% |
| Amounts receivable within one year | 40/41 | €15,783 | €4,820 | -€10,964 | -69.5% |
| Trade receivables | 40 | €5,525 | - | -€5,525 | |
| Other amounts receivable | 41 | €10,258 | €4,820 | -€5,439 | -53.0% |
| Cash at bank and in hand | 54/58 | €4,735 | €8,131 | +€3,396 | +71.7% |
| Deferred charges and accrued income | 490/1 | €520 | - | -€520 | |
| Total equity and liabilities | 10/49 | €26,823 | €12,950 | -€13,872 | -51.7% |
| Equity | 10/15 | €20,982 | €12,950 | -€8,032 | -38.3% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Outside capital | 11 | - | €18,600 | +€18,600 | |
| Other | 1109/19 | - | €18,600 | +€18,600 | |
| Reserves | 13 | €1,860 | €1,860 | = | 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% |
| Profit (loss) carried forward | 14 | €522 | -€7,510 | -€8,032 | |
| Amounts payable | 17/49 | €5,841 | - | -€5,841 | |
| Amounts payable within one year | 42/48 | €5,841 | - | -€5,841 | |
| Current portion of amounts payable after more than one year | 42 | €4,556 | - | -€4,556 | |
| Financial debts | 43 | €428 | - | -€428 | |
| Credit institutions | 430/8 | €428 | - | -€428 | |
| Trade debts | 44 | €856 | - | -€856 | |
| Suppliers | 440/4 | €856 | - | -€856 | |
| Remuneration, social security and pensions | 62 | €10,552 | - | -€10,552 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €860 | - | -€860 | |
| Other operating charges | 640/8 | €5,092 | - | -€5,092 | |
| Gross operating margin | 9900 | -€18,506 | - | +€18,506 | |
| Operating profit (loss) | 9901 | -€35,010 | - | +€35,010 | |
| Financial income | 75/76B | €1,100 | €279 | -€821 | -74.6% |
| Recurring financial income | 75 | €1,100 | €279 | -€821 | -74.6% |
| Financial charges | 65/66B | €724 | €153 | -€570 | -78.8% |
| Recurring financial charges | 65 | €724 | €153 | -€570 | -78.8% |
| Profit (loss) for the period before taxes | 9903 | -€34,633 | €126 | +€34,759 | |
| Profit (loss) for the period | 9904 | -€34,633 | €126 | +€34,759 | |
| Profit (loss) for the period to be appropriated | 9905 | -€34,633 | €126 | +€34,759 |
Source: filed annual accounts (NBB), fiscal years ended 31 December 2022 and 31 December 2024. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 29 September 2026 via checked.be.