HECHT: 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.
What changed
HECHT
NACE 64.210, Activities of holding companies
financial year 2024 against 2025filed annual accounts (NBB)
Net result for the year
€297,187
2024 · €114,401+€182,787
Equity
€4.3m
2024 · €4.0m+€297,187
Cash
€477,635
2024 · €826,085-€348,450
Balance sheet total
€18.5m
2024 · €18.3m+€157,905
Largest movements
Assets
- Receivables within one year +€1.0m
up €1.0m (+17.7%), from €5.9m to €6.9m
of which Trade receivables: +€913,034
- Cash -€348,450
down €348,450 (-42.2%), from €826,085 to €477,635
mainly Debts after one year (-€1.3m) and Receivables within one year (-€1.0m)
- Stocks and contracts -€252,885
down €252,885 (-12.3%), from €2.1m to €1.8m
of which Stocks: -€234,436
- Tangible fixed assets -€239,704
down €239,704 (-2.5%), from €9.5m to €9.2m
of which Land and buildings: -€240,336
Equity and liabilities
- Debts after one year -€1.3m
down €1.3m (-29.4%), from €4.4m to €3.1m
of which Financial debts: -€1.3m
- Trade debts +€1.0m
up €1.0m (+18.6%), from €5.4m to €6.4m
- Current portion of long-term debt -€438,772
down €438,772 (-47.9%), from €915,205 to €476,433
- Short-term financial debts +€305,696
up €305,696 (+21.2%), from €1.4m to €1.7m
- Profit (loss) carried forward +€297,187
up €297,187 (+3.7%), from -€7.9m to -€7.7m
Income statement
- Turnover -€705,758
down €705,758 (-3.0%), from €23.9m to €23.2m
- Goods and materials +€360,517
up €360,517 (+3.4%), from €10.6m to €11.0m
of which Purchases: +€426,987
- Other operating income +€310,054
up €310,054 (+10.6%), from €2.9m to €3.2m
- Depreciation -€297,240
down €297,240 (-34.5%), from €862,524 to €565,284
- Staff costs +€290,747
up €290,747 (+3.5%), from €8.4m to €8.7m
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.
Result 2024
€114,401
Turnover
-€705,758
Other operating income
+€310,054
Goods and materials
-€360,517
Services and other goods
-€278,263
Staff costs
-€290,747
Depreciation
+€297,240
Write-downs
-€257,719
Other operating charges
+€6,088
Other operating items
+€1.4m
Financial income
+€17,340
Financial charges
+€65,360
Taxes
+€4,714
Result 2025
€297,187
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.
From operations
+€1.3m
Investment
-€268,865
Financing
-€1.4m
Cash 2024
€826,085
From operations (derived)
+€1.3m
Net result for the year
+€297,187
Depreciation
+€565,284
Stocks and contracts
+€252,885
Receivables within one year
-€1.0m
Deferred charges and accrued income
-€17,192
Trade debts
+€1.0m
Tax, wage and social debts
+€188,875
Advances received
+€27,633
Other debts
+€100,000
Accrued charges and deferred income
-€37,207
Investment (derived)
-€268,865
Investment in fixed assets (net)
-€268,865
Financing
-€1.4m
Debts after one year
-€1.3m
Current portion of long-term debt
-€438,772
Short-term financial debts
+€305,696
Contributions, distributions and other
-€0
Cash 2025
€477,635
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €18,343,006 | €18,500,912 | +€157,905 | +0.9% |
| Formation expenses | 20 | €41,517 | €0 | -€41,517 | -100.0% |
| Fixed assets | 21/28 | €9,474,916 | €9,220,014 | -€254,902 | -2.7% |
| Intangible fixed assets | 21 | €20,455 | €5,257 | -€15,198 | -74.3% |
| Tangible fixed assets | 22/27 | €9,452,968 | €9,213,265 | -€239,704 | -2.5% |
| Land and buildings | 22 | €9,076,564 | €8,836,228 | -€240,336 | -2.6% |
| Plant, machinery and equipment | 23 | €183,423 | €81,334 | -€102,089 | -55.7% |
| Furniture and vehicles | 24 | €82,755 | €103,915 | +€21,160 | +25.6% |
| Leasing and similar rights | 25 | €110,227 | €78,303 | -€31,923 | -29.0% |
| Assets under construction and advance payments | 27 | - | €113,485 | +€113,485 | |
| Financial fixed assets | 28 | €1,492 | €1,492 | = | 0.0% |
| Affiliated companies | 280/1 | €0 | - | = | |
| Participating interests | 280 | €0 | - | = | |
| Other financial fixed assets | 284/8 | €1,492 | €1,492 | = | 0.0% |
| Amounts receivable and cash guarantees | 285/8 | €1,492 | €1,492 | = | 0.0% |
| Current assets | 29/58 | €8,826,573 | €9,280,897 | +€454,324 | +5.1% |
| Stocks and contracts in progress | 3 | €2,060,799 | €1,807,914 | -€252,885 | -12.3% |
| Stocks | 30/36 | €1,825,244 | €1,590,808 | -€234,436 | -12.8% |
| Raw materials and consumables | 30/31 | €1,825,244 | €1,590,808 | -€234,436 | -12.8% |
| Contracts in progress | 37 | €235,555 | €217,105 | -€18,450 | -7.8% |
| Amounts receivable within one year | 40/41 | €5,876,269 | €6,914,737 | +€1.0m | +17.7% |
| Trade receivables | 40 | €5,175,928 | €6,088,962 | +€913,034 | +17.6% |
| Other amounts receivable | 41 | €700,341 | €825,775 | +€125,434 | +17.9% |
| Cash at bank and in hand | 54/58 | €826,085 | €477,635 | -€348,450 | -42.2% |
| Deferred charges and accrued income | 490/1 | €63,420 | €80,611 | +€17,192 | +27.1% |
| Total equity and liabilities | 10/49 | €18,343,006 | €18,500,912 | +€157,905 | +0.9% |
| Equity | 10/15 | €3,975,696 | €4,272,883 | +€297,187 | +7.5% |
| Contributions | 10/11 | €4,853,213 | €4,853,213 | = | 0.0% |
| Capital | 10 | €4,850,000 | €4,850,000 | = | 0.0% |
| Issued capital | 100 | €4,850,000 | €4,850,000 | = | 0.0% |
| Contributions outside capital | 11 | €3,213 | €3,213 | = | 0.0% |
| Share premium | 1100/10 | €3,213 | €3,213 | = | 0.0% |
| Revaluation surpluses | 12 | €6,053,029 | €5,882,301 | -€170,728 | -2.8% |
| Reserves | 13 | €1,018,923 | €1,189,651 | +€170,728 | +16.8% |
| Non-distributable reserves | 130/1 | €160,000 | €160,000 | = | 0.0% |
| Legal reserve | 130 | €160,000 | €160,000 | = | 0.0% |
| Tax-exempt reserves | 132 | €22,310 | €22,310 | = | 0.0% |
| Distributable reserves | 133 | €836,613 | €1,007,341 | +€170,728 | +20.4% |
| Profit (loss) carried forward | 14 | -€7,949,469 | -€7,652,282 | +€297,187 | +3.7% |
| Amounts payable | 17/49 | €14,367,310 | €14,228,028 | -€139,282 | -1.0% |
| Amounts payable after more than one year | 17 | €4,395,155 | €3,101,226 | -€1.3m | -29.4% |
| Financial debts | 170/4 | €4,393,315 | €3,099,853 | -€1.3m | -29.4% |
| Leasing and similar obligations | 172 | €941,676 | €863,221 | -€78,455 | -8.3% |
| Credit institutions | 173 | €495,169 | €1,102,856 | +€607,687 | +122.7% |
| Other loans | 174 | €2,956,470 | €1,133,776 | -€1.8m | -61.7% |
| Other amounts payable | 178/9 | €1,840 | €1,373 | -€468 | -25.4% |
| Amounts payable within one year | 42/48 | €9,934,871 | €11,126,725 | +€1.2m | +12.0% |
| Current portion of amounts payable after more than one year | 42 | €915,205 | €476,433 | -€438,772 | -47.9% |
| Financial debts | 43 | €1,441,041 | €1,746,737 | +€305,696 | +21.2% |
| Credit institutions | 430/8 | €1,441,041 | €1,746,737 | +€305,696 | +21.2% |
| Trade debts | 44 | €5,426,379 | €6,434,802 | +€1.0m | +18.6% |
| Suppliers | 440/4 | €5,426,379 | €6,434,802 | +€1.0m | +18.6% |
| Advances received on contracts in progress | 46 | - | €27,633 | +€27,633 | |
| Taxes, remuneration and social security | 45 | €2,151,599 | €2,340,474 | +€188,875 | +8.8% |
| Taxes | 450/3 | €1,003,560 | €1,229,610 | +€226,049 | +22.5% |
| Remuneration and social security | 454/9 | €1,148,039 | €1,110,864 | -€37,175 | -3.2% |
| Other amounts payable | 47/48 | €646 | €100,646 | +€100,000 | +15483.7% |
| Accrued charges and deferred income | 492/3 | €37,284 | €77 | -€37,207 | -99.8% |
| Operating income | 70/76A | €26,807,485 | €27,786,776 | +€979,291 | +3.7% |
| Turnover | 70 | €23,882,861 | €23,177,103 | -€705,758 | -3.0% |
| Change in stocks of work in progress, finished goods and contracts in progress | 71 | €6,555 | -€18,450 | -€25,005 | |
| Other operating income | 74 | €2,918,069 | €3,228,122 | +€310,054 | +10.6% |
| Non-recurring operating income | 76A | - | €1,400,000 | +€1.4m | |
| Operating charges | 60/66A | €26,302,155 | €27,186,073 | +€883,918 | +3.4% |
| Goods for resale, raw materials and consumables | 60 | €10,609,233 | €10,969,749 | +€360,517 | +3.4% |
| Purchases | 600/8 | €10,380,610 | €10,807,598 | +€426,987 | +4.1% |
| Change in stocks: decrease (increase) | 609 | €228,622 | €162,152 | -€66,471 | -29.1% |
| Services and other goods | 61 | €6,428,161 | €6,706,424 | +€278,263 | +4.3% |
| Remuneration, social security and pensions | 62 | €8,402,340 | €8,693,087 | +€290,747 | +3.5% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €862,524 | €565,284 | -€297,240 | -34.5% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | -€130,751 | €126,968 | +€257,719 | |
| Other operating charges | 640/8 | €130,649 | €124,562 | -€6,088 | -4.7% |
| Operating profit (loss) | 9901 | €505,330 | €600,702 | +€95,372 | +18.9% |
| Financial income | 75/76B | €109,916 | €127,256 | +€17,340 | +15.8% |
| Recurring financial income | 75 | €109,916 | €127,256 | +€17,340 | +15.8% |
| Income from current assets | 751 | €8,307 | €7,799 | -€508 | -6.1% |
| Other financial income | 752/9 | €101,609 | €119,458 | +€17,849 | +17.6% |
| Financial charges | 65/66B | €496,195 | €430,834 | -€65,360 | -13.2% |
| Recurring financial charges | 65 | €496,195 | €430,834 | -€65,360 | -13.2% |
| Debt charges | 650 | €304,379 | €260,085 | -€44,294 | -14.6% |
| Other financial charges | 652/9 | €191,816 | €170,750 | -€21,066 | -11.0% |
| Profit (loss) for the period before taxes | 9903 | €119,051 | €297,124 | +€178,073 | +149.6% |
| Income taxes | 67/77 | €4,650 | -€63 | -€4,714 | |
| Taxes | 670/3 | €4,650 | €5,450 | +€800 | +17.2% |
| Tax adjustments and reversals of tax provisions | 77 | - | €5,513 | +€5,513 | |
| Profit (loss) for the period | 9904 | €114,401 | €297,187 | +€182,787 | +159.8% |
| Profit (loss) for the period to be appropriated | 9905 | €114,401 | €297,187 | +€182,787 | +159.8% |
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.