HEB: 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.
HEB
Largest movements
- Receivables within one year +€67,040
up €67,040 (+358%), from €18,729 to €85,768
of which Other amounts receivable: +€63,036
- Cash +€35,550
up €35,550 (+137%), from €25,976 to €61,526
mainly Net result for the year (+€42,475) and Provisions (+€37,800)
- Profit (loss) carried forward +€42,475
up €42,475 (+3,371,056%), from €1 to €42,477
- Provisions +€37,800
new in 2025: €37,800
- Tax, wage and social debts +€16,937
up €16,937 (+96.2%), from €17,604 to €34,541
- Trade debts +€2,373
up €2,373 (+139%), from €1,708 to €4,081
- Other debts +€1,633
up €1,633 (+571%), from €286 to €1,919
- Gross operating margin +€60,468
up €60,468 (+149%), from €40,527 to €100,995
- Provisions +€37,800
new in 2025: €37,800
- Taxes +€9,581
up €9,581 (+86.3%), from €11,095 to €20,676
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 | €51,529 | €154,119 | +€102,590 | +199% |
| Fixed assets | 21/28 | €6,824 | €6,824 | = | 0.0% |
| Financial fixed assets | 28 | €6,824 | €6,824 | = | 0.0% |
| Current assets | 29/58 | €44,705 | €147,295 | +€102,590 | +229% |
| Amounts receivable within one year | 40/41 | €18,729 | €85,768 | +€67,040 | +358% |
| Trade receivables | 40 | €18,729 | €22,732 | +€4,004 | +21.4% |
| Other amounts receivable | 41 | - | €63,036 | +€63,036 | |
| Cash at bank and in hand | 54/58 | €25,976 | €61,526 | +€35,550 | +137% |
| Total equity and liabilities | 10/49 | €51,529 | €154,119 | +€102,590 | +199% |
| Equity | 10/15 | €31,931 | €74,407 | +€42,475 | +133% |
| Contributions | 10/11 | €2,500 | €2,500 | = | 0.0% |
| Reserves | 13 | €29,430 | €29,430 | = | 0.0% |
| Distributable reserves | 133 | €29,430 | €29,430 | = | 0.0% |
| Profit (loss) carried forward | 14 | €1 | €42,477 | +€42,475 | +3,371,056% |
| Provisions and deferred taxes | 16 | - | €37,800 | +€37,800 | |
| Provisions for liabilities and charges | 160/5 | - | €37,800 | +€37,800 | |
| Other liabilities and charges | 164/5 | - | €37,800 | +€37,800 | |
| Amounts payable | 17/49 | €19,598 | €41,912 | +€22,315 | +114% |
| Amounts payable within one year | 42/48 | €19,598 | €40,541 | +€20,943 | +107% |
| Trade debts | 44 | €1,708 | €4,081 | +€2,373 | +139% |
| Suppliers | 440/4 | €1,708 | €4,081 | +€2,373 | +139% |
| Taxes, remuneration and social security | 45 | €17,604 | €34,541 | +€16,937 | +96.2% |
| Taxes | 450/3 | €17,604 | €34,541 | +€16,937 | +96.2% |
| Other amounts payable | 47/48 | €286 | €1,919 | +€1,633 | +571% |
| Accrued charges and deferred income | 492/3 | - | €1,371 | +€1,371 | |
| Provisions for liabilities and charges: additions (uses and reversals) | 635/8 | - | €37,800 | +€37,800 | |
| Other operating charges | 640/8 | - | €20 | +€20 | |
| Gross operating margin | 9900 | €40,527 | €100,995 | +€60,468 | +149% |
| Operating profit (loss) | 9901 | €40,527 | €63,175 | +€22,648 | +55.9% |
| Financial income | 75/76B | - | €136 | +€136 | |
| Recurring financial income | 75 | - | €136 | +€136 | |
| Financial charges | 65/66B | - | €160 | +€160 | |
| Recurring financial charges | 65 | - | €160 | +€160 | |
| Profit (loss) for the period before taxes | 9903 | €40,527 | €63,151 | +€22,625 | +55.8% |
| Income taxes | 67/77 | €11,095 | €20,676 | +€9,581 | +86.3% |
| Profit (loss) for the period | 9904 | €29,431 | €42,475 | +€13,044 | +44.3% |
| Profit (loss) for the period to be appropriated | 9905 | €29,431 | €42,475 | +€13,044 | +44.3% |
Source: filed annual accounts (NBB), financial years ended 30 June 2024 and 30 June 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 27 October 2026 via checked.be.