Hechi: 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.
Hechi
Largest movements
- Receivables within one year +€156,662
up €156,662 (+9.7%), from €1.6m to €1.8m
of which Other amounts receivable: +€148,633
- Tangible fixed assets -€43,542
down €43,542 (-27.1%), from €160,741 to €117,200
- Financial fixed assets +€33,803
new in 2025: €33,803
- Reserves +€144,129
up €144,129 (+11.2%), from €1.3m to €1.4m
of which Distributable reserves: +€144,129
- Tax, wage and social debts +€49,844
up €49,844 (+76.6%), from €65,061 to €114,905
of which Taxes: +€48,782
- Other debts -€44,661
down €44,661 (-8.1%), from €550,504 to €505,844
- Trade debts +€37,978
up €37,978 (+49.8%), from €76,316 to €114,294
- Current portion of long-term debt -€25,523
down €25,523 (-100%), from €25,523 to €0
- Gross operating margin -€135,319
down €135,319 (-18.9%), from €715,668 to €580,349
- Taxes -€37,358
down €37,358 (-42.8%), from €87,340 to €49,982
- Financial income -€24,799
down €24,799 (-90.5%), from €27,395 to €2,596
- Staff costs +€7,426
up €7,426 (+2.3%), from €325,682 to €333,107
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.
Derived cash bridge
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 | €2,008,958 | €2,170,725 | +€161,767 | +8.1% |
| Fixed assets | 21/28 | €160,741 | €151,002 | -€9,739 | -6.1% |
| Tangible fixed assets | 22/27 | €160,741 | €117,200 | -€43,542 | -27.1% |
| Plant, machinery and equipment | 23 | €47,516 | €26,425 | -€21,090 | -44.4% |
| Furniture and vehicles | 24 | €4,333 | €2,643 | -€1,690 | -39.0% |
| Other tangible fixed assets | 26 | €108,893 | €88,132 | -€20,761 | -19.1% |
| Financial fixed assets | 28 | - | €33,803 | +€33,803 | |
| Current assets | 29/58 | €1,848,217 | €2,019,723 | +€171,506 | +9.3% |
| Stocks and contracts in progress | 3 | €10,016 | €12,360 | +€2,344 | +23.4% |
| Stocks | 30/36 | €10,016 | €12,360 | +€2,344 | +23.4% |
| Amounts receivable within one year | 40/41 | €1,608,806 | €1,765,468 | +€156,662 | +9.7% |
| Trade receivables | 40 | €125 | €8,154 | +€8,029 | +6,423% |
| Other amounts receivable | 41 | €1,608,681 | €1,757,314 | +€148,633 | +9.2% |
| Cash at bank and in hand | 54/58 | €225,150 | €216,905 | -€8,245 | -3.7% |
| Deferred charges and accrued income | 490/1 | €4,245 | €24,990 | +€20,746 | +489% |
| Total equity and liabilities | 10/49 | €2,008,958 | €2,170,725 | +€161,767 | +8.1% |
| Equity | 10/15 | €1,291,554 | €1,435,683 | +€144,129 | +11.2% |
| Contributions | 10/11 | €6,200 | €6,200 | = | 0.0% |
| Reserves | 13 | €1,285,354 | €1,429,483 | +€144,129 | +11.2% |
| Non-distributable reserves | 130/1 | €1,860 | €1,860 | = | 0.0% |
| Reserves not available under the articles | 1311 | €1,860 | €1,860 | = | 0.0% |
| Distributable reserves | 133 | €1,283,494 | €1,427,623 | +€144,129 | +11.2% |
| Amounts payable | 17/49 | €717,404 | €735,042 | +€17,638 | +2.5% |
| Amounts payable after more than one year | 17 | €0 | - | = | |
| Financial debts | 170/4 | €0 | - | = | |
| Amounts payable within one year | 42/48 | €717,404 | €735,042 | +€17,638 | +2.5% |
| Current portion of amounts payable after more than one year | 42 | €25,523 | €0 | -€25,523 | -100% |
| Trade debts | 44 | €76,316 | €114,294 | +€37,978 | +49.8% |
| Suppliers | 440/4 | €76,316 | €114,294 | +€37,978 | +49.8% |
| Taxes, remuneration and social security | 45 | €65,061 | €114,905 | +€49,844 | +76.6% |
| Taxes | 450/3 | €18,647 | €67,429 | +€48,782 | +262% |
| Remuneration and social security | 454/9 | €46,414 | €47,476 | +€1,062 | +2.3% |
| Other amounts payable | 47/48 | €550,504 | €505,844 | -€44,661 | -8.1% |
| Remuneration, social security and pensions | 62 | €325,682 | €333,107 | +€7,426 | +2.3% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €43,252 | €43,542 | +€290 | +0.7% |
| Other operating charges | 640/8 | €5,127 | €6,936 | +€1,810 | +35.3% |
| Gross operating margin | 9900 | €715,668 | €580,349 | -€135,319 | -18.9% |
| Operating profit (loss) | 9901 | €341,608 | €196,764 | -€144,845 | -42.4% |
| Financial income | 75/76B | €27,395 | €2,596 | -€24,799 | -90.5% |
| Recurring financial income | 75 | €27,395 | €2,596 | -€24,799 | -90.5% |
| Financial charges | 65/66B | €3,427 | €5,248 | +€1,822 | +53.2% |
| Recurring financial charges | 65 | €3,427 | €5,248 | +€1,822 | +53.2% |
| Profit (loss) for the period before taxes | 9903 | €365,577 | €194,111 | -€171,466 | -46.9% |
| Income taxes | 67/77 | €87,340 | €49,982 | -€37,358 | -42.8% |
| Profit (loss) for the period | 9904 | €278,237 | €144,129 | -€134,108 | -48.2% |
| Profit (loss) for the period to be appropriated | 9905 | €278,237 | €144,129 | -€134,108 | -48.2% |
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 15 October 2026 via checked.be.