HEBA: what changed
Two fiscal 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
- Current investments +€50,000
new in 2025: €50,000
- Cash -€24,916
down €24,916 (-31.7%), from €78,556 to €53,640
mainly Current investments (-€50,000) and Tax, wage and social debts (-€10,649)
- Tangible fixed assets -€7,338
down €7,338 (-38.6%), from €19,034 to €11,696
of which Furniture and vehicles: -€6,954
- Receivables within one year +€2,689
up €2,689 (+12.8%), from €21,081 to €23,770
of which Trade receivables: +€2,569
- Deferred charges and accrued income +€1,778
up €1,778 (+109.9%), from €1,617 to €3,395
- Reserves +€33,935
up €33,935 (+35.1%), from €96,722 to €130,657
- Tax, wage and social debts -€10,649
down €10,649 (-99.7%), from €10,685 to €36
- Gross operating margin -€10,244
down €10,244 (-13.9%), from €73,611 to €63,367
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 | €120,293 | €142,506 | +€22,213 | +18.5% |
| Fixed assets | 21/28 | €19,039 | €11,701 | -€7,338 | -38.5% |
| Tangible fixed assets | 22/27 | €19,034 | €11,696 | -€7,338 | -38.6% |
| Plant, machinery and equipment | 23 | €454 | €71 | -€384 | -84.5% |
| Furniture and vehicles | 24 | €18,580 | €11,625 | -€6,954 | -37.4% |
| Financial fixed assets | 28 | €5 | €5 | = | 0.0% |
| Current assets | 29/58 | €101,254 | €130,805 | +€29,551 | +29.2% |
| Amounts receivable within one year | 40/41 | €21,081 | €23,770 | +€2,689 | +12.8% |
| Trade receivables | 40 | €1,692 | €4,261 | +€2,569 | +151.8% |
| Other amounts receivable | 41 | €19,389 | €19,509 | +€120 | +0.6% |
| Current investments | 50/53 | - | €50,000 | +€50,000 | |
| Cash at bank and in hand | 54/58 | €78,556 | €53,640 | -€24,916 | -31.7% |
| Deferred charges and accrued income | 490/1 | €1,617 | €3,395 | +€1,778 | +109.9% |
| Total equity and liabilities | 10/49 | €120,293 | €142,506 | +€22,213 | +18.5% |
| Equity | 10/15 | €106,722 | €140,657 | +€33,935 | +31.8% |
| Contributions | 10/11 | €10,000 | €10,000 | = | 0.0% |
| Reserves | 13 | €96,722 | €130,657 | +€33,935 | +35.1% |
| Distributable reserves | 133 | €96,722 | €130,657 | +€33,935 | +35.1% |
| Amounts payable | 17/49 | €13,571 | €1,849 | -€11,722 | -86.4% |
| Amounts payable within one year | 42/48 | €13,571 | €1,549 | -€12,022 | -88.6% |
| Trade debts | 44 | €2,886 | €1,513 | -€1,373 | -47.6% |
| Suppliers | 440/4 | €2,886 | €1,513 | -€1,373 | -47.6% |
| Taxes, remuneration and social security | 45 | €10,685 | €36 | -€10,649 | -99.7% |
| Taxes | 450/3 | €10,685 | €36 | -€10,649 | -99.7% |
| Accrued charges and deferred income | 492/3 | - | €300 | +€300 | |
| Non-recurring operating income | 76A | €10 | €200 | +€190 | +1900.0% |
| Remuneration, social security and pensions | 62 | €0 | - | = | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €7,655 | €7,338 | -€317 | -4.1% |
| Other operating charges | 640/8 | €1,114 | €1,109 | -€5 | -0.4% |
| Gross operating margin | 9900 | €73,611 | €63,367 | -€10,244 | -13.9% |
| Operating profit (loss) | 9901 | €64,842 | €54,920 | -€9,922 | -15.3% |
| Financial income | 75/76B | €1,056 | €1,194 | +€138 | +13.0% |
| Recurring financial income | 75 | €1,056 | €1,194 | +€138 | +13.0% |
| Financial charges | 65/66B | €3,741 | €4,125 | +€384 | +10.3% |
| Recurring financial charges | 65 | €3,741 | €4,125 | +€384 | +10.3% |
| Profit (loss) for the period before taxes | 9903 | €62,158 | €51,990 | -€10,168 | -16.4% |
| Income taxes | 67/77 | €18,124 | €18,054 | -€69 | -0.4% |
| Profit (loss) for the period | 9904 | €44,034 | €33,935 | -€10,099 | -22.9% |
| Profit (loss) for the period to be appropriated | 9905 | €44,034 | €33,935 | -€10,099 | -22.9% |
Source: filed annual accounts (NBB), fiscal years ended 31 December 2024 and 31 December 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 29 September 2026 via checked.be.