HECQ - ASSUR: 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.
HECQ - ASSUR
Largest movements
- Receivables within one year +€14,325
up €14,325 (+50.0%), from €28,623 to €42,948
of which Trade receivables: +€13,221
- Cash +€10,707
up €10,707 (+6.2%), from €173,530 to €184,237
mainly Net result for the year (+€135,109) and Depreciation (+€13,848)
- Intangible fixed assets -€9,000
down €9,000 (-33.3%), from €27,000 to €18,000
- Tangible fixed assets -€4,848
down €4,848 (-24.6%), from €19,700 to €14,852
of which Furniture and vehicles: -€2,867
- Profit (loss) carried forward +€15,109
up €15,109 (+33.7%), from €44,777 to €59,886
- Current portion of long-term debt -€5,828
down €5,828 (-57.8%), from €10,076 to €4,249
- Tax, wage and social debts +€3,364
up €3,364 (+35.7%), from €9,420 to €12,784
of which Remuneration and social security: +€4,714
- Gross operating margin +€36,032
up €36,032 (+13.0%), from €276,779 to €312,811
- Staff costs +€11,827
up €11,827 (+11.8%), from €100,382 to €112,210
- Taxes +€8,175
up €8,175 (+19.8%), from €41,359 to €49,534
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 | €252,782 | €264,271 | +€11,489 | +4.5% |
| Fixed assets | 21/28 | €46,973 | €33,125 | -€13,848 | -29.5% |
| Intangible fixed assets | 21 | €27,000 | €18,000 | -€9,000 | -33.3% |
| Tangible fixed assets | 22/27 | €19,700 | €14,852 | -€4,848 | -24.6% |
| Land and buildings | 22 | €9,470 | €7,991 | -€1,479 | -15.6% |
| Plant, machinery and equipment | 23 | €3,570 | €3,068 | -€502 | -14.1% |
| Furniture and vehicles | 24 | €6,660 | €3,793 | -€2,867 | -43.1% |
| Financial fixed assets | 28 | €273 | €273 | = | 0.0% |
| Current assets | 29/58 | €205,809 | €231,146 | +€25,337 | +12.3% |
| Amounts receivable within one year | 40/41 | €28,623 | €42,948 | +€14,325 | +50.0% |
| Trade receivables | 40 | €26,614 | €39,835 | +€13,221 | +49.7% |
| Other amounts receivable | 41 | €2,009 | €3,112 | +€1,104 | +54.9% |
| Cash at bank and in hand | 54/58 | €173,530 | €184,237 | +€10,707 | +6.2% |
| Deferred charges and accrued income | 490/1 | €3,657 | €3,961 | +€305 | +8.3% |
| Total equity and liabilities | 10/49 | €252,782 | €264,271 | +€11,489 | +4.5% |
| Equity | 10/15 | €107,214 | €122,323 | +€15,109 | +14.1% |
| Contributions | 10/11 | €12,400 | €12,400 | = | 0.0% |
| Reserves | 13 | €50,037 | €50,037 | = | 0.0% |
| Non-distributable reserves | 130/1 | €1,875 | €1,875 | = | 0.0% |
| Reserves not available under the articles | 1311 | €1,875 | €1,875 | = | 0.0% |
| Tax-exempt reserves | 132 | €717 | €717 | = | 0.0% |
| Distributable reserves | 133 | €47,445 | €47,445 | = | 0.0% |
| Profit (loss) carried forward | 14 | €44,777 | €59,886 | +€15,109 | +33.7% |
| Amounts payable | 17/49 | €145,568 | €141,948 | -€3,619 | -2.5% |
| Amounts payable after more than one year | 17 | €0 | - | = | |
| Financial debts | 170/4 | €0 | - | = | |
| Amounts payable within one year | 42/48 | €145,568 | €141,948 | -€3,619 | -2.5% |
| Current portion of amounts payable after more than one year | 42 | €10,076 | €4,249 | -€5,828 | -57.8% |
| Trade debts | 44 | €3,653 | €2,528 | -€1,126 | -30.8% |
| Suppliers | 440/4 | €3,653 | €2,528 | -€1,126 | -30.8% |
| Advances received on contracts in progress | 46 | €0 | - | = | |
| Taxes, remuneration and social security | 45 | €9,420 | €12,784 | +€3,364 | +35.7% |
| Taxes | 450/3 | €1,350 | - | -€1,350 | |
| Remuneration and social security | 454/9 | €8,070 | €12,784 | +€4,714 | +58.4% |
| Other amounts payable | 47/48 | €122,418 | €122,388 | -€30 | 0.0% |
| Accrued charges and deferred income | 492/3 | €0 | - | = | |
| Remuneration, social security and pensions | 62 | €100,382 | €112,210 | +€11,827 | +11.8% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €14,718 | €13,848 | -€871 | -5.9% |
| Other operating charges | 640/8 | €1,042 | €1,191 | +€150 | +14.4% |
| Gross operating margin | 9900 | €276,779 | €312,811 | +€36,032 | +13.0% |
| Operating profit (loss) | 9901 | €160,637 | €185,562 | +€24,926 | +15.5% |
| Financial income | 75/76B | €72 | €330 | +€258 | +360% |
| Recurring financial income | 75 | €72 | €330 | +€258 | +360% |
| Financial charges | 65/66B | €1,180 | €1,250 | +€70 | +5.9% |
| Recurring financial charges | 65 | €1,180 | €1,250 | +€70 | +5.9% |
| Profit (loss) for the period before taxes | 9903 | €159,529 | €184,643 | +€25,114 | +15.7% |
| Income taxes | 67/77 | €41,359 | €49,534 | +€8,175 | +19.8% |
| Profit (loss) for the period | 9904 | €118,170 | €135,109 | +€16,939 | +14.3% |
| Profit (loss) for the period to be appropriated | 9905 | €118,170 | €135,109 | +€16,939 | +14.3% |
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 29 October 2026 via checked.be.