HEBIC: 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.
HEBIC
Largest movements
- Cash +€255,729
up €255,729 (+52.0%), from €491,711 to €747,440
mainly Net result for the year (+€1.0m) and Stocks and contracts (+€133,419)
- Receivables within one year +€248,720
up €248,720 (+36.1%), from €689,655 to €938,375
of which Trade receivables: +€279,156
- Stocks and contracts -€133,419
down €133,419 (-11.8%), from €1.1m to €1.0m
- Tangible fixed assets -€72,777
down €72,777 (-24.9%), from €291,728 to €218,951
of which Furniture and vehicles: -€37,195
- Profit (loss) carried forward +€1.0m
up €1.0m (+69.9%), from €1.4m to €2.4m
- Other debts -€501,840
down €501,840 (-100.0%), from €501,840 to €0
- Trade debts -€260,593
down €260,593 (-70.4%), from €370,385 to €109,792
- Tax, wage and social debts +€59,528
up €59,528 (+51.5%), from €115,509 to €175,037
of which Taxes: +€66,659
- Gross operating margin +€531,263
up €531,263 (+26.5%), from €2.0m to €2.5m
- Taxes +€124,858
up €124,858 (+54.5%), from €229,155 to €354,013
- Staff costs +€41,702
up €41,702 (+4.0%), from €1.0m to €1.1m
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 | €2,608,457 | €2,910,998 | +€302,542 | +11.6% |
| Fixed assets | 21/28 | €291,728 | €218,951 | -€72,777 | -24.9% |
| Tangible fixed assets | 22/27 | €291,728 | €218,951 | -€72,777 | -24.9% |
| Plant, machinery and equipment | 23 | €87,611 | €56,597 | -€31,014 | -35.4% |
| Furniture and vehicles | 24 | €165,876 | €128,681 | -€37,195 | -22.4% |
| Other tangible fixed assets | 26 | €38,241 | €33,673 | -€4,567 | -11.9% |
| Current assets | 29/58 | €2,316,728 | €2,692,047 | +€375,319 | +16.2% |
| Stocks and contracts in progress | 3 | €1,135,362 | €1,001,944 | -€133,419 | -11.8% |
| Stocks | 30/36 | €1,135,362 | €1,001,944 | -€133,419 | -11.8% |
| Amounts receivable within one year | 40/41 | €689,655 | €938,375 | +€248,720 | +36.1% |
| Trade receivables | 40 | €658,610 | €937,766 | +€279,156 | +42.4% |
| Other amounts receivable | 41 | €31,045 | €609 | -€30,436 | -98.0% |
| Cash at bank and in hand | 54/58 | €491,711 | €747,440 | +€255,729 | +52.0% |
| Deferred charges and accrued income | 490/1 | €0 | €4,288 | +€4,288 | |
| Total equity and liabilities | 10/49 | €2,608,457 | €2,910,998 | +€302,542 | +11.6% |
| Equity | 10/15 | €1,620,722 | €2,626,169 | +€1.0m | +62.0% |
| Contributions | 10/11 | €80,000 | €80,000 | = | 0.0% |
| Capital | 10 | €80,000 | €80,000 | = | 0.0% |
| Issued capital | 100 | €80,000 | €80,000 | = | 0.0% |
| Reserves | 13 | €103,085 | €103,085 | = | 0.0% |
| Non-distributable reserves | 130/1 | €8,000 | €8,000 | = | 0.0% |
| Legal reserve | 130 | €8,000 | €8,000 | = | 0.0% |
| Tax-exempt reserves | 132 | €95,085 | €95,085 | = | 0.0% |
| Profit (loss) carried forward | 14 | €1,437,637 | €2,443,084 | +€1.0m | +69.9% |
| Amounts payable | 17/49 | €987,734 | €284,829 | -€702,905 | -71.2% |
| Amounts payable within one year | 42/48 | €987,734 | €284,829 | -€702,905 | -71.2% |
| Current portion of amounts payable after more than one year | 42 | €0 | - | = | |
| Financial debts | 43 | €0 | - | = | |
| Credit institutions | 430/8 | €0 | - | = | |
| Trade debts | 44 | €370,385 | €109,792 | -€260,593 | -70.4% |
| Suppliers | 440/4 | €370,385 | €109,792 | -€260,593 | -70.4% |
| Taxes, remuneration and social security | 45 | €115,509 | €175,037 | +€59,528 | +51.5% |
| Taxes | 450/3 | €17,140 | €83,799 | +€66,659 | +388.9% |
| Remuneration and social security | 454/9 | €98,369 | €91,238 | -€7,130 | -7.2% |
| Other amounts payable | 47/48 | €501,840 | €0 | -€501,840 | -100.0% |
| Accrued charges and deferred income | 492/3 | €0 | - | = | |
| Non-recurring operating income | 76A | €8,510 | €6,700 | -€1,810 | -21.3% |
| Remuneration, social security and pensions | 62 | €1,038,767 | €1,080,468 | +€41,702 | +4.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €115,464 | €109,431 | -€6,034 | -5.2% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | €0 | €417 | +€417 | |
| Other operating charges | 640/8 | €4,675 | €7,660 | +€2,984 | +63.8% |
| Non-recurring operating charges | 66A | €0 | €2,719 | +€2,719 | |
| Gross operating margin | 9900 | €2,005,798 | €2,537,061 | +€531,263 | +26.5% |
| Operating profit (loss) | 9901 | €846,892 | €1,336,366 | +€489,474 | +57.8% |
| Financial income | 75/76B | €35,260 | €25,383 | -€9,877 | -28.0% |
| Recurring financial income | 75 | €35,260 | €25,383 | -€9,877 | -28.0% |
| Financial charges | 65/66B | €5,338 | €2,290 | -€3,048 | -57.1% |
| Recurring financial charges | 65 | €5,338 | €2,290 | -€3,048 | -57.1% |
| Non-recurring financial charges | 66B | €0 | - | = | |
| Profit (loss) for the period before taxes | 9903 | €876,814 | €1,359,460 | +€482,646 | +55.0% |
| Income taxes | 67/77 | €229,155 | €354,013 | +€124,858 | +54.5% |
| Profit (loss) for the period | 9904 | €647,659 | €1,005,447 | +€357,788 | +55.2% |
| Profit (loss) for the period to be appropriated | 9905 | €647,659 | €1,005,447 | +€357,788 | +55.2% |
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 3 October 2026 via checked.be.