HECOTECH: 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.
HECOTECH
Largest movements
- Receivables within one year -€88,729
down €88,729 (-52.8%), from €168,051 to €79,322
of which Trade receivables: -€90,391
- Stocks and contracts +€50,000
up €50,000 (+200%), from €25,000 to €75,000
of which Contracts in progress: +€50,000
- Deferred charges and accrued income +€22,740
up €22,740 (+114%), from €19,884 to €42,624
- Cash -€20,945
down €20,945 (-33.1%), from €63,268 to €42,323
mainly Stocks and contracts (-€50,000) and Net result for the year (-€25,121)
- Tangible fixed assets -€17,534
down €17,534 (-9.1%), from €191,792 to €174,258
- Reserves -€25,121
down €25,121 (-10.1%), from €248,594 to €223,473
of which Distributable reserves: -€23,266
- Tax, wage and social debts -€15,968
down €15,968 (-48.1%), from €33,171 to €17,203
- Debts after one year -€9,421
down €9,421 (-13.8%), from €68,038 to €58,618
- Trade debts -€5,194
down €5,194 (-5.8%), from €89,111 to €83,917
- Gross operating margin -€82,389
down €82,389 (-91.1%), from €90,481 to €8,092
- Taxes -€15,905
down €15,905 (-100%), from €15,905 to €0
- Other operating charges +€1,824
up €1,824 (+135%), from €1,355 to €3,179
- Financial charges +€1,176
up €1,176 (+43.3%), from €2,717 to €3,893
- Depreciation -€991
down €991 (-3.6%), from €27,273 to €26,282
From the 2023 result to the 2024 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 2023 and 2024 balance sheets and the 2024 result: not a filed cash-flow statement. It shows where the money came from and went.
Every line side by side
| Line | Code | 2023 | 2024 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €468,245 | €413,777 | -€54,468 | -11.6% |
| Fixed assets | 21/28 | €192,042 | €174,508 | -€17,534 | -9.1% |
| Tangible fixed assets | 22/27 | €191,792 | €174,258 | -€17,534 | -9.1% |
| Land and buildings | 22 | €143,300 | €135,360 | -€7,940 | -5.5% |
| Plant, machinery and equipment | 23 | €34,428 | €31,058 | -€3,370 | -9.8% |
| Furniture and vehicles | 24 | €14,065 | €7,841 | -€6,224 | -44.3% |
| Financial fixed assets | 28 | €250 | €250 | = | 0.0% |
| Current assets | 29/58 | €276,203 | €239,269 | -€36,934 | -13.4% |
| Stocks and contracts in progress | 3 | €25,000 | €75,000 | +€50,000 | +200% |
| Stocks | 30/36 | €25,000 | €25,000 | = | 0.0% |
| Contracts in progress | 37 | - | €50,000 | +€50,000 | |
| Amounts receivable within one year | 40/41 | €168,051 | €79,322 | -€88,729 | -52.8% |
| Trade receivables | 40 | €168,051 | €77,660 | -€90,391 | -53.8% |
| Other amounts receivable | 41 | - | €1,662 | +€1,662 | |
| Cash at bank and in hand | 54/58 | €63,268 | €42,323 | -€20,945 | -33.1% |
| Deferred charges and accrued income | 490/1 | €19,884 | €42,624 | +€22,740 | +114% |
| Total equity and liabilities | 10/49 | €468,245 | €413,777 | -€54,468 | -11.6% |
| Equity | 10/15 | €267,144 | €242,023 | -€25,121 | -9.4% |
| Contributions | 10/11 | €18,550 | €18,550 | = | 0.0% |
| Reserves | 13 | €248,594 | €223,473 | -€25,121 | -10.1% |
| Non-distributable reserves | 130/1 | €1,855 | €0 | -€1,855 | -100% |
| Reserves not available under the articles | 1311 | €1,855 | €0 | -€1,855 | -100% |
| Tax-exempt reserves | 132 | €10,000 | €10,000 | = | 0.0% |
| Distributable reserves | 133 | €236,739 | €213,473 | -€23,266 | -9.8% |
| Amounts payable | 17/49 | €201,101 | €171,754 | -€29,347 | -14.6% |
| Amounts payable after more than one year | 17 | €68,038 | €58,618 | -€9,421 | -13.8% |
| Financial debts | 170/4 | €68,038 | €58,618 | -€9,421 | -13.8% |
| Amounts payable within one year | 42/48 | €133,062 | €111,153 | -€21,909 | -16.5% |
| Current portion of amounts payable after more than one year | 42 | €9,324 | €9,421 | +€97 | +1.0% |
| Trade debts | 44 | €89,111 | €83,917 | -€5,194 | -5.8% |
| Suppliers | 440/4 | €89,111 | €83,917 | -€5,194 | -5.8% |
| Taxes, remuneration and social security | 45 | €33,171 | €17,203 | -€15,968 | -48.1% |
| Taxes | 450/3 | €33,171 | €17,203 | -€15,968 | -48.1% |
| Other amounts payable | 47/48 | €1,456 | €612 | -€844 | -58.0% |
| Accrued charges and deferred income | 492/3 | - | €1,984 | +€1,984 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €27,273 | €26,282 | -€991 | -3.6% |
| Other operating charges | 640/8 | €1,355 | €3,179 | +€1,824 | +135% |
| Gross operating margin | 9900 | €90,481 | €8,092 | -€82,389 | -91.1% |
| Operating profit (loss) | 9901 | €61,853 | -€21,369 | -€83,222 | |
| Financial income | 75/76B | €381 | €141 | -€240 | -63.1% |
| Recurring financial income | 75 | €381 | €141 | -€240 | -63.1% |
| Financial charges | 65/66B | €2,717 | €3,893 | +€1,176 | +43.3% |
| Recurring financial charges | 65 | €2,717 | €3,893 | +€1,176 | +43.3% |
| Profit (loss) for the period before taxes | 9903 | €59,517 | -€25,121 | -€84,638 | |
| Income taxes | 67/77 | €15,905 | €0 | -€15,905 | -100% |
| Profit (loss) for the period | 9904 | €43,611 | -€25,121 | -€68,733 | |
| Profit (loss) for the period to be appropriated | 9905 | €43,611 | -€25,121 | -€68,733 |
Source: filed annual accounts (NBB), financial years ended 31 December 2023 and 31 December 2024. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 15 October 2026 via checked.be.