Hebo Farma: what changed
What changed
Hebo Farma
NACE 70.200, Business and other management consultancy
filed annual accounts (NBB)
Net result for the year
€43,784
2024 · €10,264+€33,520
Equity
€2.6m
2024 · €2.6m+€43,784
Cash
€811,601
2024 · €450,112+€361,489
Balance sheet total
€2.8m
2024 · €2.7m+€18,975
Largest movements
Assets
- Cash +€361,489
up €361,489 (+80.3%), from €450,112 to €811,601
mainly Current investments (+€300,000) and Depreciation (+€67,473)
- Current investments -€300,000
down €300,000 (-100%), from €300,000 to €0
- Tangible fixed assets -€66,747
down €66,747 (-3.4%), from €2.0m to €1.9m
of which Land and buildings: -€64,461
Equity and liabilities
- Reserves +€43,784
up €43,784 (+1.7%), from €2.6m to €2.6m
of which Distributable reserves: +€43,784
- Other debts -€30,956
down €30,956 (-24.4%), from €126,679 to €95,723
Income statement
- Gross operating margin +€40,706
up €40,706 (+42.0%), from €96,806 to €137,512
- Taxes +€14,436
up €14,436 (+301%), from €4,793 to €19,229
- Financial income +€9,705
up €9,705 (+96,092%), from €10 to €9,715
- Staff costs +€3,101
new in 2025: €3,101
Change in the result, 2024 to 2025
For each income-statement line you see the change as its effect on the result. Higher costs lower the result, higher income raises it.
Result 2024
€10,264
Gross operating margin
+€40,706
Staff costs
-€3,101
Depreciation
+€11
Other operating charges
-€316
Financial income
+€9,705
Financial charges
+€950
Taxes
-€14,436
Result 2025
€43,784
raises the resultlowers the result
Derived cash bridge
The bridge is derived from the 2024 and 2025 balance sheets and the 2025 result. There is no filed cash-flow statement. You see where the money came from and where it went.
From operations
+€64,915
Investment
+€296,574
Financing
€0
Cash 2024
€450,112
From operations (derived)
+€64,915
Net result for the year
+€43,784
Depreciation
+€67,473
Receivables within one year
-€21,409
Smaller working-capital items
-€39
Trade debts
-€8,999
Tax, wage and social debts
+€15,060
Other debts
-€30,956
Investment (derived)
+€296,574
Investment in fixed assets (net)
-€3,426
Current investments
+€300,000
Cash 2025
€811,601
brings cash intakes cash out
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €2,733,310 | €2,752,285 | +€18,975 | +0.7% |
| Fixed assets | 21/28 | €1,963,241 | €1,899,194 | -€64,047 | -3.3% |
| Tangible fixed assets | 22/27 | €1,963,241 | €1,896,494 | -€66,747 | -3.4% |
| Land and buildings | 22 | €1,907,105 | €1,842,644 | -€64,461 | -3.4% |
| Plant, machinery and equipment | 23 | €56,136 | €53,850 | -€2,286 | -4.1% |
| Financial fixed assets | 28 | - | €2,700 | +€2,700 | |
| Current assets | 29/58 | €770,069 | €853,091 | +€83,022 | +10.8% |
| Amounts receivable within one year | 40/41 | €16,626 | €38,035 | +€21,409 | +129% |
| Trade receivables | 40 | €7,412 | €28,072 | +€20,659 | +279% |
| Other amounts receivable | 41 | €9,214 | €9,963 | +€749 | +8.1% |
| Current investments | 50/53 | €300,000 | €0 | -€300,000 | -100% |
| Cash at bank and in hand | 54/58 | €450,112 | €811,601 | +€361,489 | +80.3% |
| Deferred charges and accrued income | 490/1 | €3,331 | €3,455 | +€125 | +3.7% |
| Total equity and liabilities | 10/49 | €2,733,310 | €2,752,285 | +€18,975 | +0.7% |
| Equity | 10/15 | €2,565,355 | €2,609,139 | +€43,784 | +1.7% |
| Contributions | 10/11 | €7,000 | €7,000 | = | 0.0% |
| Reserves | 13 | €2,558,355 | €2,602,139 | +€43,784 | +1.7% |
| Non-distributable reserves | 130/1 | €0 | - | = | |
| Reserves not available under the articles | 1311 | €0 | - | = | |
| Distributable reserves | 133 | €2,558,355 | €2,602,139 | +€43,784 | +1.7% |
| Amounts payable | 17/49 | €167,955 | €143,146 | -€24,809 | -14.8% |
| Amounts payable after more than one year | 17 | €11,550 | €11,550 | = | 0.0% |
| Other amounts payable | 178/9 | €11,550 | €11,550 | = | 0.0% |
| Amounts payable within one year | 42/48 | €154,490 | €129,594 | -€24,895 | -16.1% |
| Trade debts | 44 | €21,471 | €12,472 | -€8,999 | -41.9% |
| Suppliers | 440/4 | €21,471 | €12,472 | -€8,999 | -41.9% |
| Taxes, remuneration and social security | 45 | €6,340 | €21,400 | +€15,060 | +238% |
| Taxes | 450/3 | €6,340 | €21,400 | +€15,060 | +238% |
| Remuneration and social security | 454/9 | €0 | - | = | |
| Other amounts payable | 47/48 | €126,679 | €95,723 | -€30,956 | -24.4% |
| Accrued charges and deferred income | 492/3 | €1,915 | €2,001 | +€86 | +4.5% |
| Remuneration, social security and pensions | 62 | - | €3,101 | +€3,101 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €67,484 | €67,473 | -€11 | 0.0% |
| Other operating charges | 640/8 | €3,963 | €4,279 | +€316 | +8.0% |
| Gross operating margin | 9900 | €96,806 | €137,512 | +€40,706 | +42.0% |
| Operating profit (loss) | 9901 | €25,358 | €62,658 | +€37,301 | +147% |
| Financial income | 75/76B | €10 | €9,715 | +€9,705 | +96,092% |
| Recurring financial income | 75 | €10 | €9,715 | +€9,705 | +96,092% |
| Financial charges | 65/66B | €10,311 | €9,360 | -€950 | -9.2% |
| Recurring financial charges | 65 | €10,311 | €9,360 | -€950 | -9.2% |
| Profit (loss) for the period before taxes | 9903 | €15,057 | €63,013 | +€47,956 | +318% |
| Income taxes | 67/77 | €4,793 | €19,229 | +€14,436 | +301% |
| Profit (loss) for the period | 9904 | €10,264 | €43,784 | +€33,520 | +327% |
| Profit (loss) for the period to be appropriated | 9905 | €10,264 | €43,784 | +€33,520 | +327% |
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Calculation and sources
Source: filed annual accounts (NBB), financial years ended 31 December 2024 and 31 December 2025. Green is a favourable move for that line, red an unfavourable one. Prepared on 3 November 2026 via checked.be.