Hecho: 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.
Hecho
Largest movements
- Current investments -€646,991
down €646,991 (-35.1%), from €1.8m to €1.2m
- Receivables within one year -€79,966
down €79,966 (-36.1%), from €221,215 to €141,249
of which Other amounts receivable: -€55,969
- Cash +€59,726
up €59,726 (+886.7%), from €6,736 to €66,462
mainly Current investments (+€646,991) and Other debts (+€260,855)
- Profit (loss) carried forward -€939,162
down €939,162 (-90.1%), from €1.0m to €103,647
- Other debts +€260,855
up €260,855 (+322.6%), from €80,848 to €341,703
- Financial income -€918,287
down €918,287 (-83.4%), from €1.1m to €182,649
- Gross operating margin +€164,682
up €164,682, from -€39,741 to €124,940
- Taxes +€41,148
up €41,148, from -€4,511 to €36,637
- Financial charges -€5,993
down €5,993 (-95.7%), from €6,262 to €269
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 | €2,136,536 | €1,455,621 | -€680,914 | -31.9% |
| Fixed assets | 21/28 | €56,117 | €42,452 | -€13,665 | -24.4% |
| Tangible fixed assets | 22/27 | €56,117 | €42,452 | -€13,665 | -24.4% |
| Plant, machinery and equipment | 23 | €15,344 | €11,646 | -€3,698 | -24.1% |
| Furniture and vehicles | 24 | €40,772 | €30,806 | -€9,966 | -24.4% |
| Current assets | 29/58 | €2,080,419 | €1,413,169 | -€667,250 | -32.1% |
| Amounts receivable within one year | 40/41 | €221,215 | €141,249 | -€79,966 | -36.1% |
| Trade receivables | 40 | €120,000 | €96,003 | -€23,997 | -20.0% |
| Other amounts receivable | 41 | €101,215 | €45,246 | -€55,969 | -55.3% |
| Current investments | 50/53 | €1,845,616 | €1,198,625 | -€646,991 | -35.1% |
| Cash at bank and in hand | 54/58 | €6,736 | €66,462 | +€59,726 | +886.7% |
| Deferred charges and accrued income | 490/1 | €6,853 | €6,834 | -€19 | -0.3% |
| Total equity and liabilities | 10/49 | €2,136,536 | €1,455,621 | -€680,914 | -31.9% |
| Equity | 10/15 | €2,047,805 | €1,108,644 | -€939,162 | -45.9% |
| Contributions | 10/11 | €5,000 | €5,000 | = | 0.0% |
| Reserves | 13 | €999,997 | €999,997 | = | 0.0% |
| Tax-exempt reserves | 132 | €999,997 | €999,997 | = | 0.0% |
| Profit (loss) carried forward | 14 | €1,042,808 | €103,647 | -€939,162 | -90.1% |
| Amounts payable | 17/49 | €88,730 | €346,978 | +€258,247 | +291.0% |
| Amounts payable within one year | 42/48 | €88,730 | €346,978 | +€258,247 | +291.0% |
| Financial debts | 43 | - | €2,241 | +€2,241 | |
| Other loans | 439 | - | €2,241 | +€2,241 | |
| Trade debts | 44 | €7,882 | €2,983 | -€4,899 | -62.2% |
| Suppliers | 440/4 | €7,882 | €2,983 | -€4,899 | -62.2% |
| Taxes, remuneration and social security | 45 | - | €50 | +€50 | |
| Taxes | 450/3 | - | €50 | +€50 | |
| Other amounts payable | 47/48 | €80,848 | €341,703 | +€260,855 | +322.6% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €15,722 | €16,905 | +€1,182 | +7.5% |
| Other operating charges | 640/8 | €968 | €1,089 | +€122 | +12.6% |
| Gross operating margin | 9900 | -€39,741 | €124,940 | +€164,682 | |
| Operating profit (loss) | 9901 | -€56,431 | €106,946 | +€163,378 | |
| Financial income | 75/76B | €1,100,936 | €182,649 | -€918,287 | -83.4% |
| Recurring financial income | 75 | €1,100,936 | €182,649 | -€918,287 | -83.4% |
| Financial charges | 65/66B | €6,262 | €269 | -€5,993 | -95.7% |
| Recurring financial charges | 65 | €6,262 | €269 | -€5,993 | -95.7% |
| Profit (loss) for the period before taxes | 9903 | €1,038,243 | €289,326 | -€748,917 | -72.1% |
| Income taxes | 67/77 | -€4,511 | €36,637 | +€41,148 | |
| Profit (loss) for the period | 9904 | €1,042,754 | €252,689 | -€790,065 | -75.8% |
| Profit (loss) for the period to be appropriated | 9905 | €1,042,754 | €252,689 | -€790,065 | -75.8% |
Source: filed annual accounts (NBB), fiscal years ended 31 December 2024 and 31 December 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 29 September 2026 via checked.be.