HeBuCo: 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.
HeBuCo
Largest movements
- Receivables within one year -€13,337
down €13,337 (-30.0%), from €44,430 to €31,093
of which Trade receivables: -€17,052
- Tangible fixed assets -€7,841
down €7,841 (-4.1%), from €190,873 to €183,032
of which Land and buildings: -€10,084
- Cash +€5,703
up €5,703 (+98.5%), from €5,792 to €11,494
mainly Debts after one year (+€50,000) and Receivables within one year (+€13,337)
- Other debts -€54,670
down €54,670 (-35.5%), from €153,962 to €99,292
- Debts after one year +€50,000
up €50,000 (+25.0%), from €200,000 to €250,000
- Trade debts -€20,424
down €20,424 (-78.3%), from €26,083 to €5,658
- Tax, wage and social debts +€6,007
up €6,007 (+95.3%), from €6,301 to €12,308
of which Remuneration and social security: +€4,317
- Gross operating margin +€22,704
up €22,704 (+1373.6%), from €1,653 to €24,357
- Purchases and services -€19,668
down €19,668 (-17.9%), from €110,072 to €90,404
- Turnover +€11,000
up €11,000 (+10.6%), from €103,500 to €114,500
- Financial charges +€3,771
up €3,771 (+47.2%), from €7,992 to €11,763
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 | €396,596 | €378,785 | -€17,811 | -4.5% |
| Fixed assets | 21/28 | €340,873 | €333,032 | -€7,841 | -2.3% |
| Tangible fixed assets | 22/27 | €190,873 | €183,032 | -€7,841 | -4.1% |
| Land and buildings | 22 | €190,657 | €180,573 | -€10,084 | -5.3% |
| Plant, machinery and equipment | 23 | €217 | €126 | -€91 | -41.9% |
| Furniture and vehicles | 24 | €0 | €2,333 | +€2,333 | |
| Financial fixed assets | 28 | €150,000 | €150,000 | = | 0.0% |
| Current assets | 29/58 | €55,723 | €45,753 | -€9,970 | -17.9% |
| Amounts receivable within one year | 40/41 | €44,430 | €31,093 | -€13,337 | -30.0% |
| Trade receivables | 40 | €43,196 | €26,145 | -€17,052 | -39.5% |
| Other amounts receivable | 41 | €1,233 | €4,948 | +€3,715 | +301.2% |
| Cash at bank and in hand | 54/58 | €5,792 | €11,494 | +€5,703 | +98.5% |
| Deferred charges and accrued income | 490/1 | €5,501 | €3,166 | -€2,336 | -42.5% |
| Total equity and liabilities | 10/49 | €396,596 | €378,785 | -€17,811 | -4.5% |
| Equity | 10/15 | €10,249 | €11,526 | +€1,276 | +12.5% |
| Contributions | 10/11 | €6,200 | €6,200 | = | 0.0% |
| Reserves | 13 | €40,061 | €40,061 | = | 0.0% |
| Non-distributable reserves | 130/1 | €0 | - | = | |
| Reserves not available under the articles | 1311 | €0 | - | = | |
| Distributable reserves | 133 | €40,061 | €40,061 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€36,012 | -€34,735 | +€1,276 | +3.5% |
| Amounts payable | 17/49 | €386,346 | €367,259 | -€19,088 | -4.9% |
| Amounts payable after more than one year | 17 | €200,000 | €250,000 | +€50,000 | +25.0% |
| Financial debts | 170/4 | €200,000 | €250,000 | +€50,000 | +25.0% |
| Amounts payable within one year | 42/48 | €186,346 | €117,259 | -€69,088 | -37.1% |
| Trade debts | 44 | €26,083 | €5,658 | -€20,424 | -78.3% |
| Suppliers | 440/4 | €26,083 | €5,658 | -€20,424 | -78.3% |
| Taxes, remuneration and social security | 45 | €6,301 | €12,308 | +€6,007 | +95.3% |
| Taxes | 450/3 | €3,901 | €5,592 | +€1,690 | +43.3% |
| Remuneration and social security | 454/9 | €2,400 | €6,717 | +€4,317 | +179.9% |
| Other amounts payable | 47/48 | €153,962 | €99,292 | -€54,670 | -35.5% |
| Accrued charges and deferred income | 492/3 | €0 | - | = | |
| Turnover | 70 | €103,500 | €114,500 | +€11,000 | +10.6% |
| Non-recurring operating income | 76A | €5,111 | €0 | -€5,111 | -100.0% |
| Goods, raw materials, services and sundry goods | 60/61 | €110,072 | €90,404 | -€19,668 | -17.9% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €10,606 | €10,571 | -€35 | -0.3% |
| Other operating charges | 640/8 | €547 | €266 | -€281 | -51.3% |
| Gross operating margin | 9900 | €1,653 | €24,357 | +€22,704 | +1373.6% |
| Operating profit (loss) | 9901 | -€9,500 | €13,521 | +€23,020 | |
| Financial income | 75/76B | €492 | €0 | -€492 | -100.0% |
| Recurring financial income | 75 | €492 | €0 | -€492 | -100.0% |
| Financial charges | 65/66B | €7,992 | €11,763 | +€3,771 | +47.2% |
| Recurring financial charges | 65 | €7,992 | €11,763 | +€3,771 | +47.2% |
| Profit (loss) for the period before taxes | 9903 | -€17,000 | €1,758 | +€18,758 | |
| Income taxes | 67/77 | €251 | €481 | +€230 | +91.6% |
| Profit (loss) for the period | 9904 | -€17,251 | €1,276 | +€18,527 | |
| Profit (loss) for the period to be appropriated | 9905 | -€17,251 | €1,276 | +€18,527 |
Source: filed annual accounts (NBB), fiscal years ended 30 September 2024 and 30 September 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 7 October 2026 via checked.be.