HECOREST: 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.
HECOREST
Largest movements
- Cash -€12,376
down €12,376 (-5.1%), from €241,104 to €228,728
mainly Net result for the year (-€11,499) and Receivables within one year (-€1,262)
- Profit (loss) carried forward -€11,499
down €11,499 (-540.2%), from -€2,129 to -€13,628
- Gross operating margin -€9,579
down €9,579 (-544.3%), from -€1,760 to -€11,338
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 | €241,333 | €230,219 | -€11,114 | -4.6% |
| Current assets | 29/58 | €241,333 | €230,219 | -€11,114 | -4.6% |
| Amounts receivable within one year | 40/41 | €230 | €1,491 | +€1,262 | +549.4% |
| Other amounts receivable | 41 | €230 | €1,491 | +€1,262 | +549.4% |
| Cash at bank and in hand | 54/58 | €241,104 | €228,728 | -€12,376 | -5.1% |
| Total equity and liabilities | 10/49 | €241,333 | €230,219 | -€11,114 | -4.6% |
| Equity | 10/15 | €241,303 | €229,804 | -€11,499 | -4.8% |
| Contributions | 10/11 | €31,000 | €31,000 | = | 0.0% |
| Reserves | 13 | €212,432 | €212,432 | = | 0.0% |
| Non-distributable reserves | 130/1 | €3,100 | €3,100 | = | 0.0% |
| Reserves not available under the articles | 1311 | €3,100 | €3,100 | = | 0.0% |
| Distributable reserves | 133 | €209,332 | €209,332 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€2,129 | -€13,628 | -€11,499 | -540.2% |
| Amounts payable | 17/49 | €30 | €416 | +€385 | +1266.6% |
| Amounts payable within one year | 42/48 | €30 | €416 | +€385 | +1266.6% |
| Trade debts | 44 | - | €411 | +€411 | |
| Suppliers | 440/4 | - | €411 | +€411 | |
| Other amounts payable | 47/48 | €30 | €5 | -€26 | -84.6% |
| Other operating charges | 640/8 | €528 | €555 | +€27 | +5.2% |
| Gross operating margin | 9900 | -€1,760 | -€11,338 | -€9,579 | -544.3% |
| Operating profit (loss) | 9901 | -€2,288 | -€11,894 | -€9,606 | -419.9% |
| Financial income | 75/76B | €510 | €513 | +€4 | +0.7% |
| Recurring financial income | 75 | €510 | €513 | +€4 | +0.7% |
| Financial charges | 65/66B | €118 | €119 | +€1 | +1.2% |
| Recurring financial charges | 65 | €118 | €119 | +€1 | +1.2% |
| Profit (loss) for the period before taxes | 9903 | -€1,896 | -€11,499 | -€9,604 | -506.6% |
| Profit (loss) for the period | 9904 | -€1,896 | -€11,499 | -€9,604 | -506.6% |
| Profit (loss) for the period to be appropriated | 9905 | -€1,896 | -€11,499 | -€9,604 | -506.6% |
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 30 September 2026 via checked.be.