HEBOCOAT: 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.
HEBOCOAT
Largest movements
- Cash +€38,132
up €38,132 (+7.1%), from €534,245 to €572,377
mainly Net result for the year (+€155,549) and Depreciation (+€26,516)
- Receivables within one year -€23,262
down €23,262 (-8.0%), from €288,978 to €265,715
of which Trade receivables: -€24,509
- Profit (loss) carried forward +€155,549
up €155,549 (+60.4%), from €257,673 to €413,222
- Reserves -€68,472
down €68,472 (-25.2%), from €271,601 to €203,129
- Other debts -€44,196
down €44,196 (-12.8%), from €344,048 to €299,852
- Trade debts -€21,189
down €21,189 (-64.4%), from €32,877 to €11,688
- Staff costs +€42,030
up €42,030 (+16.0%), from €262,245 to €304,275
- Taxes -€10,774
down €10,774 (-17.6%), from €61,368 to €50,594
- Depreciation +€7,998
up €7,998 (+43.2%), from €18,518 to €26,516
- Gross operating margin +€6,179
up €6,179 (+1.1%), from €544,751 to €550,930
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 | €1,016,541 | €1,029,021 | +€12,480 | +1.2% |
| Fixed assets | 21/28 | €100,160 | €106,741 | +€6,581 | +6.6% |
| Tangible fixed assets | 22/27 | €83,660 | €90,241 | +€6,581 | +7.9% |
| Plant, machinery and equipment | 23 | €21,135 | €16,370 | -€4,765 | -22.5% |
| Furniture and vehicles | 24 | €62,526 | €73,872 | +€11,346 | +18.1% |
| Financial fixed assets | 28 | €16,500 | €16,500 | = | 0.0% |
| Current assets | 29/58 | €916,381 | €922,279 | +€5,898 | +0.6% |
| Stocks and contracts in progress | 3 | €91,645 | €84,133 | -€7,512 | -8.2% |
| Stocks | 30/36 | €91,645 | €84,133 | -€7,512 | -8.2% |
| Amounts receivable within one year | 40/41 | €288,978 | €265,715 | -€23,262 | -8.0% |
| Trade receivables | 40 | €284,969 | €260,461 | -€24,509 | -8.6% |
| Other amounts receivable | 41 | €4,008 | €5,255 | +€1,246 | +31.1% |
| Cash at bank and in hand | 54/58 | €534,245 | €572,377 | +€38,132 | +7.1% |
| Deferred charges and accrued income | 490/1 | €1,514 | €54 | -€1,459 | -96.4% |
| Total equity and liabilities | 10/49 | €1,016,541 | €1,029,021 | +€12,480 | +1.2% |
| Equity | 10/15 | €579,274 | €666,351 | +€87,077 | +15.0% |
| Contributions | 10/11 | €50,000 | €50,000 | = | 0.0% |
| Contributions outside capital | 11 | €50,000 | €50,000 | = | 0.0% |
| Share premium | 1100/10 | €50,000 | €50,000 | = | 0.0% |
| Reserves | 13 | €271,601 | €203,129 | -€68,472 | -25.2% |
| Distributable reserves | 133 | €271,601 | €203,129 | -€68,472 | -25.2% |
| Profit (loss) carried forward | 14 | €257,673 | €413,222 | +€155,549 | +60.4% |
| Amounts payable | 17/49 | €437,267 | €362,670 | -€74,598 | -17.1% |
| Amounts payable within one year | 42/48 | €437,267 | €362,670 | -€74,598 | -17.1% |
| Trade debts | 44 | €32,877 | €11,688 | -€21,189 | -64.4% |
| Suppliers | 440/4 | €32,877 | €11,688 | -€21,189 | -64.4% |
| Taxes, remuneration and social security | 45 | €60,342 | €51,129 | -€9,213 | -15.3% |
| Taxes | 450/3 | €24,652 | €13,673 | -€10,979 | -44.5% |
| Remuneration and social security | 454/9 | €35,690 | €37,456 | +€1,766 | +4.9% |
| Other amounts payable | 47/48 | €344,048 | €299,852 | -€44,196 | -12.8% |
| Non-recurring operating income | 76A | - | €3,000 | +€3,000 | |
| Remuneration, social security and pensions | 62 | €262,245 | €304,275 | +€42,030 | +16.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €18,518 | €26,516 | +€7,998 | +43.2% |
| Other operating charges | 640/8 | €4,886 | €2,733 | -€2,153 | -44.1% |
| Gross operating margin | 9900 | €544,751 | €550,930 | +€6,179 | +1.1% |
| Operating profit (loss) | 9901 | €259,103 | €217,407 | -€41,696 | -16.1% |
| Financial income | 75/76B | €1,689 | €5,668 | +€3,979 | +235.5% |
| Recurring financial income | 75 | €1,689 | €5,668 | +€3,979 | +235.5% |
| Financial charges | 65/66B | €13,926 | €16,932 | +€3,006 | +21.6% |
| Recurring financial charges | 65 | €13,926 | €16,932 | +€3,006 | +21.6% |
| Profit (loss) for the period before taxes | 9903 | €246,866 | €206,143 | -€40,723 | -16.5% |
| Income taxes | 67/77 | €61,368 | €50,594 | -€10,774 | -17.6% |
| Profit (loss) for the period | 9904 | €185,498 | €155,549 | -€29,949 | -16.1% |
| Profit (loss) for the period to be appropriated | 9905 | €185,498 | €155,549 | -€29,949 | -16.1% |
Source: filed annual accounts (NBB), financial years ended 30 June 2024 and 30 June 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 10 October 2026 via checked.be.