HEBA: 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.
HEBA
Largest movements
- Cash +€57,245
up €57,245 (+59.3%), from €96,614 to €153,859
mainly Net result for the year (+€47,164) and Depreciation (+€20,297)
- Tangible fixed assets -€17,986
down €17,986 (-3.7%), from €480,999 to €463,013
of which Furniture and vehicles: -€14,560
- Stocks and contracts -€14,894
down €14,894 (-4.9%), from €306,169 to €291,275
- Reserves +€47,164
up €47,164 (+11.9%), from €397,668 to €444,832
of which Distributable reserves: +€47,164
- Debts after one year -€36,998
down €36,998 (-9.8%), from €378,370 to €341,372
- Trade debts +€14,721
up €14,721 (+66.1%), from €22,272 to €36,993
- Gross operating margin +€6,980
up €6,980 (+9.0%), from €77,346 to €84,326
- Taxes +€2,142
up €2,142 (+12.3%), from €17,463 to €19,605
- Financial income +€1,035
up €1,035 (+6.8%), from €15,195 to €16,230
- Financial charges +€872
up €872 (+7.5%), from €11,662 to €12,534
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 | €893,403 | €919,211 | +€25,808 | +2.9% |
| Fixed assets | 21/28 | €481,409 | €463,423 | -€17,986 | -3.7% |
| Tangible fixed assets | 22/27 | €480,999 | €463,013 | -€17,986 | -3.7% |
| Land and buildings | 22 | €405,900 | €405,900 | = | 0.0% |
| Plant, machinery and equipment | 23 | €3,278 | €2,226 | -€1,052 | -32.1% |
| Furniture and vehicles | 24 | €65,645 | €51,085 | -€14,560 | -22.2% |
| Other tangible fixed assets | 26 | €6,176 | €2,249 | -€3,927 | -63.6% |
| Assets under construction and advance payments | 27 | - | €1,553 | +€1,553 | |
| Financial fixed assets | 28 | €410 | €410 | = | 0.0% |
| Current assets | 29/58 | €411,994 | €455,788 | +€43,794 | +10.6% |
| Stocks and contracts in progress | 3 | €306,169 | €291,275 | -€14,894 | -4.9% |
| Stocks | 30/36 | €306,169 | €291,275 | -€14,894 | -4.9% |
| Amounts receivable within one year | 40/41 | €6,335 | €7,912 | +€1,577 | +24.9% |
| Trade receivables | 40 | €658 | €2,442 | +€1,784 | +271.1% |
| Other amounts receivable | 41 | €5,677 | €5,470 | -€207 | -3.6% |
| Cash at bank and in hand | 54/58 | €96,614 | €153,859 | +€57,245 | +59.3% |
| Deferred charges and accrued income | 490/1 | €2,876 | €2,742 | -€134 | -4.7% |
| Total equity and liabilities | 10/49 | €893,403 | €919,211 | +€25,808 | +2.9% |
| Equity | 10/15 | €417,668 | €464,832 | +€47,164 | +11.3% |
| Contributions | 10/11 | €20,000 | €20,000 | = | 0.0% |
| Reserves | 13 | €397,668 | €444,832 | +€47,164 | +11.9% |
| Tax-exempt reserves | 132 | €18,750 | €18,750 | = | 0.0% |
| Distributable reserves | 133 | €378,918 | €426,082 | +€47,164 | +12.4% |
| Amounts payable | 17/49 | €475,735 | €454,379 | -€21,356 | -4.5% |
| Amounts payable after more than one year | 17 | €378,370 | €341,372 | -€36,998 | -9.8% |
| Financial debts | 170/4 | €378,370 | €341,372 | -€36,998 | -9.8% |
| Amounts payable within one year | 42/48 | €97,365 | €113,007 | +€15,642 | +16.1% |
| Current portion of amounts payable after more than one year | 42 | €36,083 | €36,998 | +€915 | +2.5% |
| Trade debts | 44 | €22,272 | €36,993 | +€14,721 | +66.1% |
| Suppliers | 440/4 | €22,272 | €36,993 | +€14,721 | +66.1% |
| Other amounts payable | 47/48 | €39,010 | €39,016 | +€6 | 0.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €20,513 | €20,297 | -€216 | -1.1% |
| Other operating charges | 640/8 | €824 | €956 | +€132 | +16.0% |
| Gross operating margin | 9900 | €77,346 | €84,326 | +€6,980 | +9.0% |
| Operating profit (loss) | 9901 | €56,009 | €63,073 | +€7,064 | +12.6% |
| Financial income | 75/76B | €15,195 | €16,230 | +€1,035 | +6.8% |
| Recurring financial income | 75 | €15,195 | €16,230 | +€1,035 | +6.8% |
| Financial charges | 65/66B | €11,662 | €12,534 | +€872 | +7.5% |
| Recurring financial charges | 65 | €11,662 | €12,534 | +€872 | +7.5% |
| Profit (loss) for the period before taxes | 9903 | €59,542 | €66,769 | +€7,227 | +12.1% |
| Income taxes | 67/77 | €17,463 | €19,605 | +€2,142 | +12.3% |
| Profit (loss) for the period | 9904 | €42,079 | €47,164 | +€5,085 | +12.1% |
| Profit (loss) for the period to be appropriated | 9905 | €42,079 | €47,164 | +€5,085 | +12.1% |
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.