HEBEL & MARGO: 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.
HEBEL & MARGO
Largest movements
- Cash -€17,849
down €17,849 (-95.5%), from €18,689 to €840
mainly Other debts (-€11,322) and Receivables within one year (-€11,233)
- Receivables within one year +€11,233
up €11,233 (+18.3%), from €61,236 to €72,469
of which Trade receivables: +€6,655
- Tangible fixed assets -€6,026
down €6,026 (-47.7%), from €12,622 to €6,596
- Other debts -€11,322
down €11,322 (-43.0%), from €26,322 to €15,000
- Profit (loss) carried forward +€4,670
up €4,670 (+20.4%), from €22,928 to €27,598
- Trade debts -€3,132
down €3,132 (-10.4%), from €30,043 to €26,911
- Tax, wage and social debts -€2,857
down €2,857 (-26.6%), from €10,754 to €7,897
- Purchases and services +€43,351
up €43,351 (+87.6%), from €49,514 to €92,865
- Gross operating margin -€31,917
down €31,917 (-73.3%), from €43,552 to €11,635
- Financial charges +€609
up €609 (+363%), from €168 to €777
- Depreciation +€570
up €570 (+10.4%), from €5,456 to €6,026
From the 2023 result to the 2024 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 2023 and 2024 balance sheets and the 2024 result: not a filed cash-flow statement. It shows where the money came from and went.
Every line side by side
| Line | Code | 2023 | 2024 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €92,548 | €79,906 | -€12,642 | -13.7% |
| Fixed assets | 21/28 | €12,622 | €6,596 | -€6,026 | -47.7% |
| Tangible fixed assets | 22/27 | €12,622 | €6,596 | -€6,026 | -47.7% |
| Furniture and vehicles | 24 | €12,622 | €6,596 | -€6,026 | -47.7% |
| Current assets | 29/58 | €79,925 | €73,310 | -€6,616 | -8.3% |
| Amounts receivable within one year | 40/41 | €61,236 | €72,469 | +€11,233 | +18.3% |
| Trade receivables | 40 | €60,500 | €67,155 | +€6,655 | +11.0% |
| Other amounts receivable | 41 | €736 | €5,314 | +€4,578 | +622% |
| Cash at bank and in hand | 54/58 | €18,689 | €840 | -€17,849 | -95.5% |
| Total equity and liabilities | 10/49 | €92,548 | €79,906 | -€12,642 | -13.7% |
| Equity | 10/15 | €25,428 | €30,098 | +€4,670 | +18.4% |
| Contributions | 10/11 | €2,500 | €2,500 | = | 0.0% |
| Profit (loss) carried forward | 14 | €22,928 | €27,598 | +€4,670 | +20.4% |
| Amounts payable | 17/49 | €67,119 | €49,808 | -€17,311 | -25.8% |
| Amounts payable within one year | 42/48 | €67,119 | €49,808 | -€17,311 | -25.8% |
| Trade debts | 44 | €30,043 | €26,911 | -€3,132 | -10.4% |
| Suppliers | 440/4 | €30,043 | €26,911 | -€3,132 | -10.4% |
| Taxes, remuneration and social security | 45 | €10,754 | €7,897 | -€2,857 | -26.6% |
| Taxes | 450/3 | €10,754 | €7,897 | -€2,857 | -26.6% |
| Other amounts payable | 47/48 | €26,322 | €15,000 | -€11,322 | -43.0% |
| Goods, raw materials, services and sundry goods | 60/61 | €49,514 | €92,865 | +€43,351 | +87.6% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €5,456 | €6,026 | +€570 | +10.4% |
| Other operating charges | 640/8 | - | €177 | +€177 | |
| Gross operating margin | 9900 | €43,552 | €11,635 | -€31,917 | -73.3% |
| Operating profit (loss) | 9901 | €38,096 | €5,431 | -€32,665 | -85.7% |
| Financial income | 75/76B | - | €15 | +€15 | |
| Recurring financial income | 75 | - | €15 | +€15 | |
| Financial charges | 65/66B | €168 | €777 | +€609 | +363% |
| Recurring financial charges | 65 | €168 | €777 | +€609 | +363% |
| Profit (loss) for the period before taxes | 9903 | €37,928 | €4,670 | -€33,259 | -87.7% |
| Profit (loss) for the period | 9904 | €37,928 | €4,670 | -€33,259 | -87.7% |
| Profit (loss) for the period to be appropriated | 9905 | €37,928 | €4,670 | -€33,259 | -87.7% |
Source: filed annual accounts (NBB), financial years ended 31 December 2023 and 31 December 2024. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 24 October 2026 via checked.be.