Hebo: 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.
Hebo
Largest movements
- Receivables within one year +€33,540
up €33,540 (+2425.0%), from €1,383 to €34,923
of which Trade receivables: +€34,538
- Tangible fixed assets -€7,971
down €7,971 (-5.8%), from €136,438 to €128,467
of which Land and buildings: -€5,814
- Cash -€3,074
down €3,074 (-19.7%), from €15,586 to €12,512
mainly Receivables within one year (-€33,540) and Debts after one year (-€7,103)
- Profit (loss) carried forward +€24,140
up €24,140 (+599.4%), from €4,027 to €28,167
- Debts after one year -€7,103
down €7,103 (-8.3%), from €85,389 to €78,286
of which Financial debts: -€7,103
- Other debts +€4,988
up €4,988 (+24.3%), from €20,540 to €25,528
- Gross operating margin +€38,149
up €38,149, from -€3,319 to €34,830
- Financial charges +€1,423
up €1,423 (+273.0%), from €521 to €1,945
- Depreciation -€1,420
down €1,420 (-15.1%), from €9,391 to €7,971
- Other operating charges +€775
new in 2025: €775
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 | €153,407 | €175,902 | +€22,495 | +14.7% |
| Fixed assets | 21/28 | €136,438 | €128,467 | -€7,971 | -5.8% |
| Tangible fixed assets | 22/27 | €136,438 | €128,467 | -€7,971 | -5.8% |
| Land and buildings | 22 | €129,171 | €123,357 | -€5,814 | -4.5% |
| Plant, machinery and equipment | 23 | €1,782 | €1,143 | -€639 | -35.8% |
| Furniture and vehicles | 24 | €5,312 | €3,921 | -€1,392 | -26.2% |
| Assets under construction and advance payments | 27 | €173 | €46 | -€127 | -73.4% |
| Current assets | 29/58 | €16,969 | €47,435 | +€30,466 | +179.5% |
| Amounts receivable within one year | 40/41 | €1,383 | €34,923 | +€33,540 | +2425.0% |
| Trade receivables | 40 | €75 | €34,613 | +€34,538 | +46050.4% |
| Other amounts receivable | 41 | €1,308 | €311 | -€997 | -76.3% |
| Cash at bank and in hand | 54/58 | €15,586 | €12,512 | -€3,074 | -19.7% |
| Total equity and liabilities | 10/49 | €153,407 | €175,902 | +€22,495 | +14.7% |
| Equity | 10/15 | €24,478 | €48,618 | +€24,140 | +98.6% |
| Contributions | 10/11 | €18,592 | €18,592 | = | 0.0% |
| Reserves | 13 | €1,859 | €1,859 | = | 0.0% |
| Non-distributable reserves | 130/1 | €1,859 | €1,859 | = | 0.0% |
| Reserves not available under the articles | 1311 | €1,859 | €1,859 | = | 0.0% |
| Profit (loss) carried forward | 14 | €4,027 | €28,167 | +€24,140 | +599.4% |
| Provisions and deferred taxes | 16 | €23,000 | €23,000 | = | 0.0% |
| Provisions for liabilities and charges | 160/5 | €23,000 | €23,000 | = | 0.0% |
| Major repairs and maintenance | 162 | €23,000 | €23,000 | = | 0.0% |
| Amounts payable | 17/49 | €105,928 | €104,284 | -€1,644 | -1.6% |
| Amounts payable after more than one year | 17 | €85,389 | €78,286 | -€7,103 | -8.3% |
| Financial debts | 170/4 | €84,389 | €77,286 | -€7,103 | -8.4% |
| Other amounts payable | 178/9 | €1,000 | €1,000 | = | 0.0% |
| Amounts payable within one year | 42/48 | €20,540 | €25,528 | +€4,988 | +24.3% |
| Other amounts payable | 47/48 | €20,540 | €25,528 | +€4,988 | +24.3% |
| Accrued charges and deferred income | 492/3 | - | €470 | +€470 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €9,391 | €7,971 | -€1,420 | -15.1% |
| Other operating charges | 640/8 | - | €775 | +€775 | |
| Gross operating margin | 9900 | -€3,319 | €34,830 | +€38,149 | |
| Operating profit (loss) | 9901 | -€12,710 | €26,084 | +€38,794 | |
| Financial charges | 65/66B | €521 | €1,945 | +€1,423 | +273.0% |
| Recurring financial charges | 65 | €521 | €1,945 | +€1,423 | +273.0% |
| Profit (loss) for the period before taxes | 9903 | -€13,232 | €24,140 | +€37,371 | |
| Profit (loss) for the period | 9904 | -€13,232 | €24,140 | +€37,371 | |
| Profit (loss) for the period to be appropriated | 9905 | -€13,232 | €24,140 | +€37,371 |
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 4 October 2026 via checked.be.