HECOMA: 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.
HECOMA
Largest movements
- Financial fixed assets +€52,500
up €52,500 (+13.2%), from €396,688 to €449,188
- Cash -€7,095
down €7,095 (-11.7%), from €60,653 to €53,558
mainly Investment in fixed assets (net) (-€52,500) and Debts after one year (-€43,688)
- Current portion of long-term debt +€92,026
up €92,026, from €0 to €92,026
- Debts after one year -€43,688
down €43,688 (-58.3%), from €75,000 to €31,312
- Other debts -€19,590
down €19,590 (-59.0%), from €33,203 to €13,613
- Reserves +€16,284
up €16,284 (+5.4%), from €302,815 to €319,099
- Gross operating margin +€34,015
up €34,015 (+56.4%), from €60,306 to €94,321
- Taxes +€9,093
up €9,093 (+44.2%), from €20,591 to €29,684
- Financial charges +€1,100
up €1,100 (+32.2%), from €3,416 to €4,516
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 | €571,323 | €616,222 | +€44,898 | +7.9% |
| Fixed assets | 21/28 | €397,895 | €450,014 | +€52,119 | +13.1% |
| Tangible fixed assets | 22/27 | €1,207 | €825 | -€381 | -31.6% |
| Furniture and vehicles | 24 | €1,207 | €825 | -€381 | -31.6% |
| Financial fixed assets | 28 | €396,688 | €449,188 | +€52,500 | +13.2% |
| Current assets | 29/58 | €173,428 | €166,208 | -€7,220 | -4.2% |
| Stocks and contracts in progress | 3 | €7,917 | €8,591 | +€674 | +8.5% |
| Stocks | 30/36 | €7,917 | €8,591 | +€674 | +8.5% |
| Amounts receivable within one year | 40/41 | €13,770 | €12,817 | -€953 | -6.9% |
| Trade receivables | 40 | €13,770 | €12,817 | -€953 | -6.9% |
| Other amounts receivable | 41 | €0 | - | = | |
| Current investments | 50/53 | €85,989 | €86,202 | +€213 | +0.2% |
| Cash at bank and in hand | 54/58 | €60,653 | €53,558 | -€7,095 | -11.7% |
| Deferred charges and accrued income | 490/1 | €5,099 | €5,040 | -€59 | -1.2% |
| Total equity and liabilities | 10/49 | €571,323 | €616,222 | +€44,898 | +7.9% |
| Equity | 10/15 | €437,055 | €453,339 | +€16,284 | +3.7% |
| Contributions | 10/11 | €134,240 | €134,240 | = | 0.0% |
| Reserves | 13 | €302,815 | €319,099 | +€16,284 | +5.4% |
| Distributable reserves | 133 | €302,815 | €319,099 | +€16,284 | +5.4% |
| Profit (loss) carried forward | 14 | €0 | €0 | = | |
| Amounts payable | 17/49 | €134,269 | €162,883 | +€28,614 | +21.3% |
| Amounts payable after more than one year | 17 | €75,000 | €31,312 | -€43,688 | -58.3% |
| Financial debts | 170/4 | €75,000 | €31,312 | -€43,688 | -58.3% |
| Amounts payable within one year | 42/48 | €59,022 | €131,430 | +€72,408 | +123% |
| Current portion of amounts payable after more than one year | 42 | €0 | €92,026 | +€92,026 | |
| Trade debts | 44 | €1,893 | €4,890 | +€2,997 | +158% |
| Suppliers | 440/4 | €1,893 | €4,890 | +€2,997 | +158% |
| Taxes, remuneration and social security | 45 | €23,927 | €20,900 | -€3,026 | -12.6% |
| Taxes | 450/3 | €23,927 | €20,900 | -€3,026 | -12.6% |
| Other amounts payable | 47/48 | €33,203 | €13,613 | -€19,590 | -59.0% |
| Accrued charges and deferred income | 492/3 | €246 | €140 | -€106 | -43.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €936 | €381 | -€555 | -59.3% |
| Other operating charges | 640/8 | €1,707 | €1,869 | +€162 | +9.5% |
| Gross operating margin | 9900 | €60,306 | €94,321 | +€34,015 | +56.4% |
| Operating profit (loss) | 9901 | €57,663 | €92,070 | +€34,408 | +59.7% |
| Financial income | 75/76B | €459 | €519 | +€60 | +13.1% |
| Recurring financial income | 75 | €459 | €519 | +€60 | +13.1% |
| Financial charges | 65/66B | €3,416 | €4,516 | +€1,100 | +32.2% |
| Recurring financial charges | 65 | €3,416 | €4,516 | +€1,100 | +32.2% |
| Profit (loss) for the period before taxes | 9903 | €54,705 | €88,073 | +€33,368 | +61.0% |
| Income taxes | 67/77 | €20,591 | €29,684 | +€9,093 | +44.2% |
| Profit (loss) for the period | 9904 | €34,114 | €58,389 | +€24,275 | +71.2% |
| Profit (loss) for the period to be appropriated | 9905 | €34,114 | €58,389 | +€24,275 | +71.2% |
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 17 October 2026 via checked.be.