HEBOA: 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.
HEBOA
Largest movements
- Cash +€19,280
up €19,280 (+233.5%), from €8,257 to €27,537
mainly Trade debts (+€17,870) and Other debts (+€11,559)
- Receivables within one year -€3,661
down €3,661 (-4.4%), from €82,681 to €79,020
of which Other amounts receivable: -€3,962
- Trade debts +€17,870
up €17,870 (+229.8%), from €7,776 to €25,646
- Profit (loss) carried forward -€12,117
new in 2025: -€12,117
- Other debts +€11,559
up €11,559 (+231.2%), from €5,000 to €16,559
- Gross operating margin -€101,222
down €101,222, from €87,152 to -€14,071
- Staff costs -€31,277
down €31,277, from €28,704 to -€2,573
- Taxes -€4,944
down €4,944 (-94.5%), from €5,234 to €290
- Financial income +€1,578
up €1,578 (+49.7%), from €3,174 to €4,751
- Financial charges -€1,188
down €1,188 (-30.5%), from €3,894 to €2,706
of which Non-recurring financial charges: -€2,000
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 | €92,029 | €108,493 | +€16,465 | +17.9% |
| Fixed assets | 21/28 | €350 | €577 | +€227 | +64.8% |
| Financial fixed assets | 28 | €350 | €577 | +€227 | +64.8% |
| Current assets | 29/58 | €91,679 | €107,917 | +€16,238 | +17.7% |
| Amounts receivable within one year | 40/41 | €82,681 | €79,020 | -€3,661 | -4.4% |
| Trade receivables | 40 | €1,069 | €1,370 | +€301 | +28.1% |
| Other amounts receivable | 41 | €81,612 | €77,651 | -€3,962 | -4.9% |
| Cash at bank and in hand | 54/58 | €8,257 | €27,537 | +€19,280 | +233.5% |
| Deferred charges and accrued income | 490/1 | €741 | €1,360 | +€618 | +83.4% |
| Total equity and liabilities | 10/49 | €92,029 | €108,493 | +€16,465 | +17.9% |
| Equity | 10/15 | €69,137 | €57,020 | -€12,117 | -17.5% |
| Contributions | 10/11 | €6,200 | €6,200 | = | 0.0% |
| Reserves | 13 | €62,937 | €62,937 | = | 0.0% |
| Distributable reserves | 133 | €62,937 | €62,937 | = | 0.0% |
| Profit (loss) carried forward | 14 | - | -€12,117 | -€12,117 | |
| Amounts payable | 17/49 | €22,892 | €51,473 | +€28,581 | +124.9% |
| Amounts payable within one year | 42/48 | €22,892 | €51,473 | +€28,581 | +124.9% |
| Trade debts | 44 | €7,776 | €25,646 | +€17,870 | +229.8% |
| Suppliers | 440/4 | €7,776 | €25,646 | +€17,870 | +229.8% |
| Taxes, remuneration and social security | 45 | €10,116 | €9,268 | -€848 | -8.4% |
| Taxes | 450/3 | €6,958 | €9,228 | +€2,269 | +32.6% |
| Remuneration and social security | 454/9 | €3,158 | €41 | -€3,117 | -98.7% |
| Other amounts payable | 47/48 | €5,000 | €16,559 | +€11,559 | +231.2% |
| Remuneration, social security and pensions | 62 | €28,704 | -€2,573 | -€31,277 | |
| Other operating charges | 640/8 | €3,512 | €2,375 | -€1,137 | -32.4% |
| Gross operating margin | 9900 | €87,152 | -€14,071 | -€101,222 | |
| Operating profit (loss) | 9901 | €54,935 | -€13,873 | -€68,808 | |
| Financial income | 75/76B | €3,174 | €4,751 | +€1,578 | +49.7% |
| Recurring financial income | 75 | €3,174 | €4,751 | +€1,578 | +49.7% |
| Financial charges | 65/66B | €3,894 | €2,706 | -€1,188 | -30.5% |
| Recurring financial charges | 65 | €1,894 | €2,706 | +€812 | +42.9% |
| Non-recurring financial charges | 66B | €2,000 | - | -€2,000 | |
| Profit (loss) for the period before taxes | 9903 | €54,215 | -€11,827 | -€66,042 | |
| Income taxes | 67/77 | €5,234 | €290 | -€4,944 | -94.5% |
| Profit (loss) for the period | 9904 | €48,981 | -€12,117 | -€61,098 | |
| Profit (loss) for the period to be appropriated | 9905 | €48,981 | -€12,117 | -€61,098 |
Source: filed annual accounts (NBB), financial years ended 30 September 2024 and 30 September 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 11 October 2026 via checked.be.