HEadventure: 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.
HEadventure
Largest movements
- Cash +€20,180
up €20,180 (+93.9%), from €21,499 to €41,679
mainly Advances received (+€16,750) and Other debts (+€12,076)
- Tangible fixed assets +€13,930
new in 2025: €13,930
- Deferred charges and accrued income -€6,707
down €6,707 (-15.9%), from €42,233 to €35,526
- Receivables within one year +€1,525
up €1,525 (+7.4%), from €20,742 to €22,267
of which Other amounts receivable: +€952
- Advances received +€16,750
up €16,750 (+63.8%), from €26,250 to €43,000
- Other debts +€12,076
up €12,076 (+155%), from €7,770 to €19,847
- Profit (loss) carried forward +€7,229
up €7,229 (+38.2%), from €18,920 to €26,149
- Accrued charges and deferred income -€6,543
down €6,543 (-42.6%), from €15,360 to €8,817
- Gross operating margin +€6,265
up €6,265 (+128%), from €4,889 to €11,154
- Depreciation +€1,776
up €1,776 (+166%), from €1,069 to €2,845
- Other operating charges -€143
down €143 (-17.7%), from €811 to €668
- Financial income +€136
new in 2025: €136
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 | €91,316 | €120,321 | +€29,005 | +31.8% |
| Fixed assets | 21/28 | €6,841 | €20,849 | +€14,007 | +205% |
| Intangible fixed assets | 21 | €6,841 | €6,919 | +€77 | +1.1% |
| Tangible fixed assets | 22/27 | - | €13,930 | +€13,930 | |
| Furniture and vehicles | 24 | - | €13,930 | +€13,930 | |
| Current assets | 29/58 | €84,474 | €99,472 | +€14,998 | +17.8% |
| Amounts receivable within one year | 40/41 | €20,742 | €22,267 | +€1,525 | +7.4% |
| Trade receivables | 40 | €20,122 | €20,695 | +€573 | +2.8% |
| Other amounts receivable | 41 | €620 | €1,571 | +€952 | +154% |
| Cash at bank and in hand | 54/58 | €21,499 | €41,679 | +€20,180 | +93.9% |
| Deferred charges and accrued income | 490/1 | €42,233 | €35,526 | -€6,707 | -15.9% |
| Total equity and liabilities | 10/49 | €91,316 | €120,321 | +€29,005 | +31.8% |
| Equity | 10/15 | €31,320 | €38,549 | +€7,229 | +23.1% |
| Contributions | 10/11 | €12,400 | €12,400 | = | 0.0% |
| Profit (loss) carried forward | 14 | €18,920 | €26,149 | +€7,229 | +38.2% |
| Amounts payable | 17/49 | €59,996 | €81,772 | +€21,777 | +36.3% |
| Amounts payable within one year | 42/48 | €44,636 | €72,955 | +€28,320 | +63.4% |
| Trade debts | 44 | €9,891 | €9,823 | -€69 | -0.7% |
| Suppliers | 440/4 | €9,891 | €9,823 | -€69 | -0.7% |
| Advances received on contracts in progress | 46 | €26,250 | €43,000 | +€16,750 | +63.8% |
| Taxes, remuneration and social security | 45 | €724 | €286 | -€438 | -60.5% |
| Taxes | 450/3 | €724 | €286 | -€438 | -60.5% |
| Other amounts payable | 47/48 | €7,770 | €19,847 | +€12,076 | +155% |
| Accrued charges and deferred income | 492/3 | €15,360 | €8,817 | -€6,543 | -42.6% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €1,069 | €2,845 | +€1,776 | +166% |
| Other operating charges | 640/8 | €811 | €668 | -€143 | -17.7% |
| Non-recurring operating charges | 66A | €40 | - | -€40 | |
| Gross operating margin | 9900 | €4,889 | €11,154 | +€6,265 | +128% |
| Operating profit (loss) | 9901 | €2,969 | €7,641 | +€4,672 | +157% |
| Financial income | 75/76B | - | €136 | +€136 | |
| Recurring financial income | 75 | - | €136 | +€136 | |
| Financial charges | 65/66B | €533 | €549 | +€16 | +2.9% |
| Recurring financial charges | 65 | €533 | €549 | +€16 | +2.9% |
| Profit (loss) for the period before taxes | 9903 | €2,436 | €7,229 | +€4,793 | +197% |
| Profit (loss) for the period | 9904 | €2,436 | €7,229 | +€4,793 | +197% |
| Profit (loss) for the period to be appropriated | 9905 | €2,436 | €7,229 | +€4,793 | +197% |
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 17 October 2026 via checked.be.