HEBU: 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.
HEBU
Largest movements
- Stocks and contracts -€48,466
down €48,466 (-39.3%), from €123,466 to €75,000
of which Stocks: -€58,466
- Receivables within one year +€12,669
up €12,669 (+8.7%), from €144,939 to €157,608
of which Trade receivables: +€12,298
- Tangible fixed assets -€7,039
down €7,039 (-42.1%), from €16,703 to €9,665
of which Furniture and vehicles: -€5,317
- Deferred charges and accrued income -€5,269
down €5,269 (-58.2%), from €9,050 to €3,781
- Tax, wage and social debts -€41,555
down €41,555 (-79.3%), from €52,430 to €10,875
of which Remuneration and social security: -€39,507
- Trade debts -€25,265
down €25,265 (-38.3%), from €65,951 to €40,686
- Short-term financial debts +€15,632
up €15,632 (+17.7%), from €88,273 to €103,904
- Other debts +€13,221
up €13,221 (+416.0%), from €3,178 to €16,399
- Reserves -€8,488
down €8,488 (-17.1%), from €49,590 to €41,102
- Gross operating margin -€102,609
down €102,609 (-49.6%), from €206,750 to €104,141
- Staff costs -€102,037
down €102,037 (-54.8%), from €186,146 to €84,109
- Depreciation -€4,573
down €4,573 (-32.5%), from €14,069 to €9,496
- Other operating charges +€2,472
up €2,472 (+62.6%), from €3,952 to €6,423
From the 2023 result to the 2024 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
Cash or the result is not a separate line in both sets of accounts; the cash flow cannot be derived from them.
Every line side by side
| Line | Code | 2023 | 2024 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €294,159 | €246,054 | -€48,105 | -16.4% |
| Fixed assets | 21/28 | €16,703 | €9,665 | -€7,039 | -42.1% |
| Tangible fixed assets | 22/27 | €16,703 | €9,665 | -€7,039 | -42.1% |
| Plant, machinery and equipment | 23 | €6,527 | €4,806 | -€1,722 | -26.4% |
| Furniture and vehicles | 24 | €10,176 | €4,859 | -€5,317 | -52.3% |
| Current assets | 29/58 | €277,455 | €236,389 | -€41,066 | -14.8% |
| Stocks and contracts in progress | 3 | €123,466 | €75,000 | -€48,466 | -39.3% |
| Stocks | 30/36 | €123,466 | €65,000 | -€58,466 | -47.4% |
| Contracts in progress | 37 | - | €10,000 | +€10,000 | |
| Amounts receivable within one year | 40/41 | €144,939 | €157,608 | +€12,669 | +8.7% |
| Trade receivables | 40 | €129,001 | €141,299 | +€12,298 | +9.5% |
| Other amounts receivable | 41 | €15,938 | €16,309 | +€371 | +2.3% |
| Deferred charges and accrued income | 490/1 | €9,050 | €3,781 | -€5,269 | -58.2% |
| Total equity and liabilities | 10/49 | €294,159 | €246,054 | -€48,105 | -16.4% |
| Equity | 10/15 | €80,577 | €72,089 | -€8,488 | -10.5% |
| Contributions | 10/11 | €30,987 | €30,987 | = | 0.0% |
| Reserves | 13 | €49,590 | €41,102 | -€8,488 | -17.1% |
| Distributable reserves | 133 | €49,590 | €41,102 | -€8,488 | -17.1% |
| Amounts payable | 17/49 | €213,582 | €173,965 | -€39,617 | -18.5% |
| Amounts payable within one year | 42/48 | €211,680 | €171,864 | -€39,816 | -18.8% |
| Current portion of amounts payable after more than one year | 42 | €1,848 | - | -€1,848 | |
| Financial debts | 43 | €88,273 | €103,904 | +€15,632 | +17.7% |
| Credit institutions | 430/8 | €88,273 | €103,904 | +€15,632 | +17.7% |
| Trade debts | 44 | €65,951 | €40,686 | -€25,265 | -38.3% |
| Suppliers | 440/4 | €65,951 | €40,686 | -€25,265 | -38.3% |
| Taxes, remuneration and social security | 45 | €52,430 | €10,875 | -€41,555 | -79.3% |
| Taxes | 450/3 | €12,923 | €10,875 | -€2,048 | -15.8% |
| Remuneration and social security | 454/9 | €39,507 | - | -€39,507 | |
| Other amounts payable | 47/48 | €3,178 | €16,399 | +€13,221 | +416.0% |
| Accrued charges and deferred income | 492/3 | €1,902 | €2,101 | +€199 | +10.4% |
| Remuneration, social security and pensions | 62 | €186,146 | €84,109 | -€102,037 | -54.8% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €14,069 | €9,496 | -€4,573 | -32.5% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | - | -€2,000 | -€2,000 | |
| Other operating charges | 640/8 | €3,952 | €6,423 | +€2,472 | +62.6% |
| Non-recurring operating charges | 66A | - | €3,652 | +€3,652 | |
| Gross operating margin | 9900 | €206,750 | €104,141 | -€102,609 | -49.6% |
| Operating profit (loss) | 9901 | €2,583 | €2,461 | -€122 | -4.7% |
| Financial income | 75/76B | €314 | €147 | -€167 | -53.1% |
| Recurring financial income | 75 | €314 | €147 | -€167 | -53.1% |
| Financial charges | 65/66B | €9,051 | €10,956 | +€1,905 | +21.1% |
| Recurring financial charges | 65 | €9,051 | €10,956 | +€1,905 | +21.1% |
| Profit (loss) for the period before taxes | 9903 | -€6,154 | -€8,348 | -€2,195 | -35.7% |
| Income taxes | 67/77 | €137 | €140 | +€3 | +2.1% |
| Profit (loss) for the period | 9904 | -€6,290 | -€8,488 | -€2,197 | -34.9% |
| Profit (loss) for the period to be appropriated | 9905 | -€6,290 | -€8,488 | -€2,197 | -34.9% |
Source: filed annual accounts (NBB), fiscal years ended 31 December 2023 and 31 December 2024. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 30 September 2026 via checked.be.