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 -€75,594
down €75,594 (-67.3%), from €112,350 to €36,757
mainly Contributions, distributions and other (-€60,000) and Receivables within one year (-€19,536)
- Receivables within one year +€19,536
up €19,536 (+112.9%), from €17,301 to €36,837
of which Trade receivables: +€15,109
- Deferred charges and accrued income +€4,033
up €4,033 (+488.9%), from €825 to €4,858
- Tangible fixed assets -€1,513
down €1,513 (-39.8%), from €3,806 to €2,292
- Profit (loss) carried forward -€41,283
down €41,283 (-80.8%), from €51,070 to €9,788
- Other debts -€17,186
down €17,186 (-40.3%), from €42,686 to €25,500
- Tax, wage and social debts +€4,128
up €4,128 (+14.1%), from €29,334 to €33,462
- Gross operating margin -€105,571
down €105,571 (-78.6%), from €134,308 to €28,737
- Taxes -€23,199
down €23,199 (-80.7%), from €28,731 to €5,532
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 | €134,282 | €80,743 | -€53,539 | -39.9% |
| Fixed assets | 21/28 | €3,806 | €2,292 | -€1,513 | -39.8% |
| Tangible fixed assets | 22/27 | €3,806 | €2,292 | -€1,513 | -39.8% |
| Furniture and vehicles | 24 | €3,806 | €2,292 | -€1,513 | -39.8% |
| Current assets | 29/58 | €130,476 | €78,451 | -€52,025 | -39.9% |
| Amounts receivable within one year | 40/41 | €17,301 | €36,837 | +€19,536 | +112.9% |
| Trade receivables | 40 | €17,253 | €32,362 | +€15,109 | +87.6% |
| Other amounts receivable | 41 | €48 | €4,475 | +€4,427 | +9142.2% |
| Cash at bank and in hand | 54/58 | €112,350 | €36,757 | -€75,594 | -67.3% |
| Deferred charges and accrued income | 490/1 | €825 | €4,858 | +€4,033 | +488.9% |
| Total equity and liabilities | 10/49 | €134,282 | €80,743 | -€53,539 | -39.9% |
| Equity | 10/15 | €60,560 | €19,278 | -€41,283 | -68.2% |
| Contributions | 10/11 | €5,000 | €5,000 | = | 0.0% |
| Reserves | 13 | €4,490 | €4,490 | = | 0.0% |
| Distributable reserves | 133 | €4,490 | €4,490 | = | 0.0% |
| Profit (loss) carried forward | 14 | €51,070 | €9,788 | -€41,283 | -80.8% |
| Amounts payable | 17/49 | €73,722 | €61,466 | -€12,256 | -16.6% |
| Amounts payable within one year | 42/48 | €73,722 | €61,466 | -€12,256 | -16.6% |
| Trade debts | 44 | €1,701 | €2,504 | +€802 | +47.1% |
| Suppliers | 440/4 | €1,701 | €2,504 | +€802 | +47.1% |
| Taxes, remuneration and social security | 45 | €29,334 | €33,462 | +€4,128 | +14.1% |
| Taxes | 450/3 | €29,334 | €33,462 | +€4,128 | +14.1% |
| Other amounts payable | 47/48 | €42,686 | €25,500 | -€17,186 | -40.3% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €2,599 | €2,554 | -€45 | -1.7% |
| Other operating charges | 640/8 | €451 | €400 | -€51 | -11.4% |
| Gross operating margin | 9900 | €134,308 | €28,737 | -€105,571 | -78.6% |
| Operating profit (loss) | 9901 | €131,257 | €25,783 | -€105,475 | -80.4% |
| Financial income | 75/76B | €0 | €0 | -€0 | -100.0% |
| Recurring financial income | 75 | €0 | €0 | -€0 | -100.0% |
| Financial charges | 65/66B | €1,456 | €1,534 | +€77 | +5.3% |
| Recurring financial charges | 65 | €1,456 | €1,534 | +€77 | +5.3% |
| Profit (loss) for the period before taxes | 9903 | €129,801 | €24,249 | -€105,552 | -81.3% |
| Income taxes | 67/77 | €28,731 | €5,532 | -€23,199 | -80.7% |
| Profit (loss) for the period | 9904 | €101,070 | €18,717 | -€82,353 | -81.5% |
| Profit (loss) for the period to be appropriated | 9905 | €101,070 | €18,717 | -€82,353 | -81.5% |
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 9 October 2026 via checked.be.