HECHEM: 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.
HECHEM
Largest movements
- Cash +€146,042
up €146,042 (+991.8%), from €14,725 to €160,767
mainly Net result for the year (+€334,376) and Provisions (+€115,590)
- Tangible fixed assets -€34,524
down €34,524 (-9.9%), from €348,000 to €313,476
of which Land and buildings: -€36,639
- Receivables within one year +€17,444
up €17,444, from €0 to €17,444
of which Other amounts receivable: +€17,203
- Reserves +€340,938
up €340,938 (+1661.9%), from €20,515 to €361,454
of which Tax-exempt reserves: +€346,769
- Other debts -€182,384
down €182,384 (-98.6%), from €184,934 to €2,550
- Debts after one year -€134,984
down €134,984 (-99.5%), from €135,644 to €660
- Provisions +€115,590
up €115,590 (+2445.6%), from €4,726 to €120,316
- Profit (loss) carried forward -€6,562
new in 2025: -€6,562
- Gross operating margin +€457,551
up €457,551 (+2755.8%), from €16,603 to €474,154
- Other operating charges -€6,001
down €6,001 (-68.6%), from €8,744 to €2,742
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 | €362,725 | €491,687 | +€128,962 | +35.6% |
| Fixed assets | 21/28 | €348,000 | €313,476 | -€34,524 | -9.9% |
| Tangible fixed assets | 22/27 | €348,000 | €313,476 | -€34,524 | -9.9% |
| Land and buildings | 22 | €332,458 | €295,819 | -€36,639 | -11.0% |
| Furniture and vehicles | 24 | €15,542 | €17,657 | +€2,115 | +13.6% |
| Current assets | 29/58 | €14,725 | €178,211 | +€163,486 | +1110.3% |
| Amounts receivable within one year | 40/41 | €0 | €17,444 | +€17,444 | |
| Trade receivables | 40 | €0 | €241 | +€241 | |
| Other amounts receivable | 41 | - | €17,203 | +€17,203 | |
| Cash at bank and in hand | 54/58 | €14,725 | €160,767 | +€146,042 | +991.8% |
| Deferred charges and accrued income | 490/1 | €0 | - | = | |
| Total equity and liabilities | 10/49 | €362,725 | €491,687 | +€128,962 | +35.6% |
| Equity | 10/15 | €32,927 | €367,303 | +€334,376 | +1015.5% |
| Contributions | 10/11 | €12,412 | €12,412 | = | 0.0% |
| Reserves | 13 | €20,515 | €361,454 | +€340,938 | +1661.9% |
| Tax-exempt reserves | 132 | €14,684 | €361,454 | +€346,769 | +2361.5% |
| Distributable reserves | 133 | €5,831 | €0 | -€5,831 | -100.0% |
| Profit (loss) carried forward | 14 | - | -€6,562 | -€6,562 | |
| Provisions and deferred taxes | 16 | €4,726 | €120,316 | +€115,590 | +2445.6% |
| Deferred taxes | 168 | €4,726 | €120,316 | +€115,590 | +2445.6% |
| Amounts payable | 17/49 | €325,071 | €4,068 | -€321,004 | -98.7% |
| Amounts payable after more than one year | 17 | €135,644 | €660 | -€134,984 | -99.5% |
| Other amounts payable | 178/9 | €135,644 | €660 | -€134,984 | -99.5% |
| Amounts payable within one year | 42/48 | €189,427 | €3,407 | -€186,020 | -98.2% |
| Trade debts | 44 | €4,493 | €857 | -€3,636 | -80.9% |
| Suppliers | 440/4 | €4,493 | €857 | -€3,636 | -80.9% |
| Other amounts payable | 47/48 | €184,934 | €2,550 | -€182,384 | -98.6% |
| Accrued charges and deferred income | 492/3 | €0 | - | = | |
| Non-recurring operating income | 76A | - | €463,259 | +€463,259 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €20,398 | €20,783 | +€385 | +1.9% |
| Other operating charges | 640/8 | €8,744 | €2,742 | -€6,001 | -68.6% |
| Gross operating margin | 9900 | €16,603 | €474,154 | +€457,551 | +2755.8% |
| Operating profit (loss) | 9901 | -€12,539 | €450,628 | +€463,167 | |
| Financial income | 75/76B | - | €116 | +€116 | |
| Recurring financial income | 75 | - | €116 | +€116 | |
| Financial charges | 65/66B | €2,077 | €779 | -€1,298 | -62.5% |
| Recurring financial charges | 65 | €2,077 | €779 | -€1,298 | -62.5% |
| Profit (loss) for the period before taxes | 9903 | -€14,616 | €449,966 | +€464,582 | |
| Transfer from deferred taxes | 780 | €225 | €225 | = | 0.0% |
| Transfer to deferred taxes | 680 | - | €115,815 | +€115,815 | |
| Profit (loss) for the period | 9904 | -€14,391 | €334,376 | +€348,767 | |
| Transfer from tax-exempt reserves | 789 | €675 | €675 | = | 0.0% |
| Transfer to tax-exempt reserves | 689 | - | €347,444 | +€347,444 | |
| Profit (loss) for the period to be appropriated | 9905 | -€13,716 | -€12,393 | +€1,322 | +9.6% |
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.