Heck: 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.
Heck
Largest movements
- Receivables within one year -€47,933
down €47,933 (-48.5%), from €98,763 to €50,830
- Other debts +€37,717
up €37,717 (+43.2%), from €87,265 to €124,981
- Trade debts -€37,429
down €37,429 (-32.8%), from €114,031 to €76,602
- Profit (loss) carried forward -€24,333
down €24,333 (-49.7%), from -€48,921 to -€73,254
- Debts after one year -€19,916
down €19,916 (-13.4%), from €149,063 to €129,147
- Tax, wage and social debts -€10,029
down €10,029 (-94.1%), from €10,664 to €634
- Financial charges -€720
down €720 (-8.1%), from €8,940 to €8,220
- Depreciation -€675
down €675 (-29.5%), from €2,284 to €1,610
- Gross operating margin -€362
down €362 (-2.7%), from -€13,494 to -€13,856
From the 2025 result to the 2026 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 2025 and 2026 balance sheets and the 2026 result: not a filed cash-flow statement. It shows where the money came from and went.
Every line side by side
| Line | Code | 2025 | 2026 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €370,018 | €318,492 | -€51,526 | -13.9% |
| Fixed assets | 21/28 | €5,783 | €2,662 | -€3,121 | -54.0% |
| Tangible fixed assets | 22/27 | €5,783 | €2,662 | -€3,121 | -54.0% |
| Plant, machinery and equipment | 23 | €2,181 | €1,082 | -€1,100 | -50.4% |
| Furniture and vehicles | 24 | €3,602 | €1,580 | -€2,021 | -56.1% |
| Current assets | 29/58 | €364,234 | €315,830 | -€48,405 | -13.3% |
| Stocks and contracts in progress | 3 | €265,000 | €265,000 | = | 0.0% |
| Stocks | 30/36 | €265,000 | €265,000 | = | 0.0% |
| Amounts receivable within one year | 40/41 | €98,763 | €50,830 | -€47,933 | -48.5% |
| Trade receivables | 40 | €98,763 | €50,830 | -€47,933 | -48.5% |
| Cash at bank and in hand | 54/58 | €471 | €0 | -€471 | -100.0% |
| Total equity and liabilities | 10/49 | €370,018 | €318,492 | -€51,526 | -13.9% |
| Equity | 10/15 | -€10,142 | -€34,475 | -€24,333 | -239.9% |
| Contributions | 10/11 | €5,000 | €5,000 | = | 0.0% |
| Reserves | 13 | €33,779 | €33,779 | = | 0.0% |
| Distributable reserves | 133 | €33,779 | €33,779 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€48,921 | -€73,254 | -€24,333 | -49.7% |
| Amounts payable | 17/49 | €380,159 | €352,967 | -€27,192 | -7.2% |
| Amounts payable after more than one year | 17 | €149,063 | €129,147 | -€19,916 | -13.4% |
| Financial debts | 170/4 | €149,063 | €129,147 | -€19,916 | -13.4% |
| Amounts payable within one year | 42/48 | €231,097 | €223,820 | -€7,277 | -3.1% |
| Current portion of amounts payable after more than one year | 42 | €19,138 | €19,916 | +€778 | +4.1% |
| Financial debts | 43 | €0 | €1,687 | +€1,687 | |
| Credit institutions | 430/8 | €0 | €1,687 | +€1,687 | |
| Trade debts | 44 | €114,031 | €76,602 | -€37,429 | -32.8% |
| Suppliers | 440/4 | €114,031 | €76,602 | -€37,429 | -32.8% |
| Taxes, remuneration and social security | 45 | €10,664 | €634 | -€10,029 | -94.1% |
| Taxes | 450/3 | €10,664 | €634 | -€10,029 | -94.1% |
| Other amounts payable | 47/48 | €87,265 | €124,981 | +€37,717 | +43.2% |
| Non-recurring operating income | 76A | - | €1,794 | +€1,794 | |
| Remuneration, social security and pensions | 62 | €0 | - | = | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €2,284 | €1,610 | -€675 | -29.5% |
| Other operating charges | 640/8 | €742 | €648 | -€94 | -12.6% |
| Gross operating margin | 9900 | -€13,494 | -€13,856 | -€362 | -2.7% |
| Operating profit (loss) | 9901 | -€16,520 | -€16,114 | +€406 | +2.5% |
| Financial income | 75/76B | - | €1 | +€1 | |
| Recurring financial income | 75 | - | €1 | +€1 | |
| Financial charges | 65/66B | €8,940 | €8,220 | -€720 | -8.1% |
| Recurring financial charges | 65 | €8,940 | €8,220 | -€720 | -8.1% |
| Profit (loss) for the period before taxes | 9903 | -€25,461 | -€24,333 | +€1,127 | +4.4% |
| Profit (loss) for the period | 9904 | -€25,461 | -€24,333 | +€1,127 | +4.4% |
| Profit (loss) for the period to be appropriated | 9905 | -€25,461 | -€24,333 | +€1,127 | +4.4% |
Source: filed annual accounts (NBB), financial years ended 31 March 2025 and 31 March 2026. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 12 October 2026 via checked.be.