HeBro: 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.
HeBro
Largest movements
- Tangible fixed assets +€598,278
up €598,278 (+150.4%), from €397,750 to €996,028
- Cash -€27,450
down €27,450 (-50.8%), from €53,997 to €26,547
mainly Investment in fixed assets (net) (-€622,387) and Net result for the year (-€28,522)
- Debts after one year +€550,000
up €550,000 (+157.1%), from €350,000 to €900,000
- Trade debts +€44,330
up €44,330 (+3616.1%), from €1,226 to €45,556
- Profit (loss) carried forward -€28,522
down €28,522 (-62.5%), from -€45,616 to -€74,138
- Depreciation +€14,029
up €14,029 (+139.2%), from €10,080 to €24,109
- Gross operating margin +€6,356
up €6,356, from -€5,328 to €1,028
- Financial charges +€4,490
up €4,490 (+782.5%), from €574 to €5,063
- Other operating charges -€2,488
down €2,488 (-86.2%), from €2,888 to €400
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 | €456,987 | €1,026,378 | +€569,391 | +124.6% |
| Fixed assets | 21/28 | €400,000 | €998,278 | +€598,278 | +149.6% |
| Tangible fixed assets | 22/27 | €397,750 | €996,028 | +€598,278 | +150.4% |
| Land and buildings | 22 | €397,750 | €996,028 | +€598,278 | +150.4% |
| Financial fixed assets | 28 | €2,250 | €2,250 | = | 0.0% |
| Current assets | 29/58 | €56,988 | €28,100 | -€28,888 | -50.7% |
| Amounts receivable within one year | 40/41 | €306 | €7 | -€300 | -97.8% |
| Trade receivables | 40 | €306 | - | -€306 | |
| Other amounts receivable | 41 | - | €7 | +€7 | |
| Cash at bank and in hand | 54/58 | €53,997 | €26,547 | -€27,450 | -50.8% |
| Deferred charges and accrued income | 490/1 | €2,684 | €1,546 | -€1,138 | -42.4% |
| Total equity and liabilities | 10/49 | €456,987 | €1,026,378 | +€569,391 | +124.6% |
| Equity | 10/15 | €104,384 | €75,862 | -€28,522 | -27.3% |
| Contributions | 10/11 | €150,000 | €150,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€45,616 | -€74,138 | -€28,522 | -62.5% |
| Amounts payable | 17/49 | €352,603 | €950,516 | +€597,913 | +169.6% |
| Amounts payable after more than one year | 17 | €350,000 | €900,000 | +€550,000 | +157.1% |
| Other amounts payable | 178/9 | €350,000 | €900,000 | +€550,000 | +157.1% |
| Amounts payable within one year | 42/48 | €1,226 | €45,556 | +€44,330 | +3616.1% |
| Trade debts | 44 | €1,226 | €45,556 | +€44,330 | +3616.1% |
| Suppliers | 440/4 | €1,226 | €45,556 | +€44,330 | +3616.1% |
| Accrued charges and deferred income | 492/3 | €1,377 | €4,960 | +€3,583 | +260.1% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €10,080 | €24,109 | +€14,029 | +139.2% |
| Other operating charges | 640/8 | €2,888 | €400 | -€2,488 | -86.2% |
| Gross operating margin | 9900 | -€5,328 | €1,028 | +€6,356 | |
| Operating profit (loss) | 9901 | -€18,296 | -€23,481 | -€5,185 | -28.3% |
| Financial income | 75/76B | €27 | €23 | -€5 | -16.8% |
| Recurring financial income | 75 | €27 | €23 | -€5 | -16.8% |
| Financial charges | 65/66B | €574 | €5,063 | +€4,490 | +782.5% |
| Recurring financial charges | 65 | €574 | €5,063 | +€4,490 | +782.5% |
| Profit (loss) for the period before taxes | 9903 | -€18,843 | -€28,522 | -€9,679 | -51.4% |
| Profit (loss) for the period | 9904 | -€18,843 | -€28,522 | -€9,679 | -51.4% |
| Profit (loss) for the period to be appropriated | 9905 | -€18,843 | -€28,522 | -€9,679 | -51.4% |
Source: filed annual accounts (NBB), financial years ended 31 December 2024 and 31 December 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 10 October 2026 via checked.be.