HEBIAS: 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.
HEBIAS
Largest movements
- Receivables within one year -€23,481
down €23,481 (-8.0%), from €295,248 to €271,767
of which Trade receivables: -€23,142
- Intangible fixed assets -€7,992
down €7,992 (-25.0%), from €31,915 to €23,922
- Tangible fixed assets +€6,099
up €6,099 (+407%), from €1,499 to €7,598
of which Plant, machinery and equipment: +€3,243
- Cash -€5,259
down €5,259 (-10.8%), from €48,570 to €43,312
mainly Accrued charges and deferred income (-€80,800) and Investment in fixed assets (net) (-€13,787)
- Accrued charges and deferred income -€80,800
down €80,800 (-100%), from €80,800 to €0
- Short-term financial debts +€40,000
new in 2025: €40,000
- Profit (loss) carried forward +€33,418
up €33,418 (+52.1%), from €64,089 to €97,507
- Trade debts -€13,386
down €13,386 (-20.2%), from €66,349 to €52,963
- Tax, wage and social debts -€6,377
down €6,377 (-5.1%), from €124,848 to €118,471
of which Taxes: -€9,750
- Gross operating margin -€50,637
down €50,637 (-16.2%), from €312,173 to €261,537
- Staff costs -€6,312
down €6,312 (-3.3%), from €190,859 to €184,547
- Taxes -€5,714
down €5,714 (-19.4%), from €29,512 to €23,798
- Financial charges -€4,518
down €4,518 (-54.9%), from €8,235 to €3,717
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 | €382,994 | €356,113 | -€26,881 | -7.0% |
| Fixed assets | 21/28 | €35,179 | €34,996 | -€183 | -0.5% |
| Intangible fixed assets | 21 | €31,915 | €23,922 | -€7,992 | -25.0% |
| Tangible fixed assets | 22/27 | €1,499 | €7,598 | +€6,099 | +407% |
| Plant, machinery and equipment | 23 | €1,499 | €4,742 | +€3,243 | +216% |
| Furniture and vehicles | 24 | - | €2,856 | +€2,856 | |
| Financial fixed assets | 28 | €1,765 | €3,475 | +€1,710 | +96.9% |
| Current assets | 29/58 | €347,816 | €321,118 | -€26,698 | -7.7% |
| Amounts receivable within one year | 40/41 | €295,248 | €271,767 | -€23,481 | -8.0% |
| Trade receivables | 40 | €294,901 | €271,759 | -€23,142 | -7.8% |
| Other amounts receivable | 41 | €347 | €8 | -€339 | -97.6% |
| Cash at bank and in hand | 54/58 | €48,570 | €43,312 | -€5,259 | -10.8% |
| Deferred charges and accrued income | 490/1 | €3,998 | €6,039 | +€2,041 | +51.1% |
| Total equity and liabilities | 10/49 | €382,994 | €356,113 | -€26,881 | -7.0% |
| Equity | 10/15 | €99,901 | €133,319 | +€33,418 | +33.5% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €17,212 | €17,212 | = | 0.0% |
| Non-distributable reserves | 130/1 | €1,860 | €0 | -€1,860 | -100% |
| Reserves not available under the articles | 1311 | €1,860 | €0 | -€1,860 | -100% |
| Distributable reserves | 133 | €15,352 | €17,212 | +€1,860 | +12.1% |
| Profit (loss) carried forward | 14 | €64,089 | €97,507 | +€33,418 | +52.1% |
| Amounts payable | 17/49 | €283,094 | €222,794 | -€60,299 | -21.3% |
| Amounts payable within one year | 42/48 | €202,293 | €222,794 | +€20,501 | +10.1% |
| Current portion of amounts payable after more than one year | 42 | €0 | - | = | |
| Financial debts | 43 | - | €40,000 | +€40,000 | |
| Credit institutions | 430/8 | - | €40,000 | +€40,000 | |
| Trade debts | 44 | €66,349 | €52,963 | -€13,386 | -20.2% |
| Suppliers | 440/4 | €66,349 | €52,963 | -€13,386 | -20.2% |
| Taxes, remuneration and social security | 45 | €124,848 | €118,471 | -€6,377 | -5.1% |
| Taxes | 450/3 | €98,794 | €89,044 | -€9,750 | -9.9% |
| Remuneration and social security | 454/9 | €26,054 | €29,428 | +€3,373 | +12.9% |
| Other amounts payable | 47/48 | €11,096 | €11,361 | +€264 | +2.4% |
| Accrued charges and deferred income | 492/3 | €80,800 | €0 | -€80,800 | -100% |
| Remuneration, social security and pensions | 62 | €190,859 | €184,547 | -€6,312 | -3.3% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €13,591 | €13,971 | +€380 | +2.8% |
| Other operating charges | 640/8 | €3,410 | €2,087 | -€1,324 | -38.8% |
| Gross operating margin | 9900 | €312,173 | €261,537 | -€50,637 | -16.2% |
| Operating profit (loss) | 9901 | €104,314 | €60,932 | -€43,382 | -41.6% |
| Financial income | 75/76B | €0 | €1 | +€1 | +4,250% |
| Recurring financial income | 75 | €0 | €1 | +€1 | +4,250% |
| Financial charges | 65/66B | €8,235 | €3,717 | -€4,518 | -54.9% |
| Recurring financial charges | 65 | €8,235 | €3,717 | -€4,518 | -54.9% |
| Profit (loss) for the period before taxes | 9903 | €96,079 | €57,216 | -€38,862 | -40.4% |
| Income taxes | 67/77 | €29,512 | €23,798 | -€5,714 | -19.4% |
| Profit (loss) for the period | 9904 | €66,567 | €33,418 | -€33,149 | -49.8% |
| Profit (loss) for the period to be appropriated | 9905 | €66,567 | €33,418 | -€33,149 | -49.8% |
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 16 October 2026 via checked.be.