HEARS2U: 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.
HEARS2U
Largest movements
- Cash +€45,348
up €45,348 (+5.9%), from €765,166 to €810,514
mainly Net result for the year (+€191,711) and Depreciation (+€18,779)
- Tangible fixed assets +€24,489
up €24,489 (+29.7%), from €82,565 to €107,054
of which Furniture and vehicles: +€39,884
- Reserves +€88,136
up €88,136 (+11.0%), from €798,000 to €886,136
of which Distributable reserves: +€88,136
- Other debts -€19,957
down €19,957 (-22.7%), from €88,017 to €68,060
- Gross operating margin +€66,424
up €66,424 (+19.2%), from €345,218 to €411,642
- Taxes +€18,050
up €18,050 (+27.6%), from €65,331 to €83,381
- Staff costs +€6,341
up €6,341 (+5.7%), from €110,425 to €116,766
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 | €1,009,970 | €1,071,604 | +€61,634 | +6.1% |
| Fixed assets | 21/28 | €88,415 | €112,904 | +€24,489 | +27.7% |
| Tangible fixed assets | 22/27 | €82,565 | €107,054 | +€24,489 | +29.7% |
| Plant, machinery and equipment | 23 | €79,672 | €64,278 | -€15,395 | -19.3% |
| Furniture and vehicles | 24 | €2,893 | €42,777 | +€39,884 | +1378.7% |
| Financial fixed assets | 28 | €5,850 | €5,850 | = | 0.0% |
| Current assets | 29/58 | €921,555 | €958,700 | +€37,145 | +4.0% |
| Stocks and contracts in progress | 3 | €2,919 | €2,607 | -€312 | -10.7% |
| Stocks | 30/36 | €2,919 | €2,607 | -€312 | -10.7% |
| Amounts receivable within one year | 40/41 | €150,460 | €141,233 | -€9,226 | -6.1% |
| Trade receivables | 40 | €150,301 | €141,016 | -€9,285 | -6.2% |
| Other amounts receivable | 41 | €158 | €217 | +€59 | +37.1% |
| Cash at bank and in hand | 54/58 | €765,166 | €810,514 | +€45,348 | +5.9% |
| Deferred charges and accrued income | 490/1 | €3,011 | €4,346 | +€1,335 | +44.3% |
| Total equity and liabilities | 10/49 | €1,009,970 | €1,071,604 | +€61,634 | +6.1% |
| Equity | 10/15 | €818,284 | €906,136 | +€87,852 | +10.7% |
| Contributions | 10/11 | €20,000 | €20,000 | = | 0.0% |
| Reserves | 13 | €798,000 | €886,136 | +€88,136 | +11.0% |
| Non-distributable reserves | 130/1 | €0 | - | = | |
| Reserves not available under the articles | 1311 | €0 | - | = | |
| Distributable reserves | 133 | €798,000 | €886,136 | +€88,136 | +11.0% |
| Profit (loss) carried forward | 14 | €284 | €0 | -€284 | -100.0% |
| Amounts payable | 17/49 | €191,687 | €165,468 | -€26,218 | -13.7% |
| Amounts payable after more than one year | 17 | €38,818 | €28,700 | -€10,117 | -26.1% |
| Financial debts | 170/4 | €38,818 | €28,700 | -€10,117 | -26.1% |
| Amounts payable within one year | 42/48 | €152,869 | €135,839 | -€17,030 | -11.1% |
| Current portion of amounts payable after more than one year | 42 | €10,774 | €10,953 | +€179 | +1.7% |
| Trade debts | 44 | €6,897 | €2,998 | -€3,899 | -56.5% |
| Suppliers | 440/4 | €6,897 | €2,998 | -€3,899 | -56.5% |
| Taxes, remuneration and social security | 45 | €47,182 | €53,828 | +€6,646 | +14.1% |
| Taxes | 450/3 | €31,563 | €41,293 | +€9,731 | +30.8% |
| Remuneration and social security | 454/9 | €15,620 | €12,534 | -€3,085 | -19.8% |
| Other amounts payable | 47/48 | €88,017 | €68,060 | -€19,957 | -22.7% |
| Accrued charges and deferred income | 492/3 | €0 | €929 | +€929 | |
| Remuneration, social security and pensions | 62 | €110,425 | €116,766 | +€6,341 | +5.7% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €17,720 | €18,779 | +€1,059 | +6.0% |
| Other operating charges | 640/8 | €751 | €712 | -€38 | -5.1% |
| Gross operating margin | 9900 | €345,218 | €411,642 | +€66,424 | +19.2% |
| Operating profit (loss) | 9901 | €216,322 | €275,384 | +€59,062 | +27.3% |
| Financial income | 75/76B | €2,752 | €3,442 | +€690 | +25.1% |
| Recurring financial income | 75 | €2,752 | €3,442 | +€690 | +25.1% |
| Financial charges | 65/66B | €3,672 | €3,733 | +€61 | +1.7% |
| Recurring financial charges | 65 | €3,672 | €3,733 | +€61 | +1.7% |
| Profit (loss) for the period before taxes | 9903 | €215,401 | €275,092 | +€59,691 | +27.7% |
| Income taxes | 67/77 | €65,331 | €83,381 | +€18,050 | +27.6% |
| Profit (loss) for the period | 9904 | €150,070 | €191,711 | +€41,641 | +27.7% |
| Profit (loss) for the period to be appropriated | 9905 | €150,070 | €191,711 | +€41,641 | +27.7% |
Source: filed annual accounts (NBB), financial years ended 30 September 2024 and 30 September 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 10 October 2026 via checked.be.