HECTAR: 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.
HECTAR
Largest movements
- Cash +€33,646
up €33,646 (+1,656%), from €2,032 to €35,678
mainly Net result for the year (+€25,242) and Tax, wage and social debts (+€10,077)
- Tangible fixed assets -€7,907
down €7,907 (-3.7%), from €214,325 to €206,418
of which Land and buildings: -€6,221
- Reserves +€25,242
up €25,242 (+1,357%), from €1,860 to €27,102
of which Distributable reserves: +€25,242
- Tax, wage and social debts +€10,077
up €10,077 (+170%), from €5,934 to €16,011
of which Taxes: +€10,577
- Debts after one year -€8,996
down €8,996 (-6.5%), from €139,062 to €130,066
- Gross operating margin +€45,807
up €45,807 (+376%), from €12,194 to €58,001
- Taxes +€13,692
up €13,692 (+1,318%), from €1,039 to €14,730
- Other operating charges +€2,094
up €2,094 (+121%), from €1,725 to €3,820
- Financial charges -€715
down €715 (-10.2%), from €7,015 to €6,301
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 | €263,300 | €289,518 | +€26,218 | +10.0% |
| Fixed assets | 21/28 | €214,375 | €206,468 | -€7,907 | -3.7% |
| Tangible fixed assets | 22/27 | €214,325 | €206,418 | -€7,907 | -3.7% |
| Land and buildings | 22 | €203,573 | €197,352 | -€6,221 | -3.1% |
| Furniture and vehicles | 24 | €1,204 | €788 | -€416 | -34.6% |
| Other tangible fixed assets | 26 | €9,549 | €8,278 | -€1,270 | -13.3% |
| Financial fixed assets | 28 | €50 | €50 | = | 0.0% |
| Current assets | 29/58 | €48,925 | €83,051 | +€34,126 | +69.8% |
| Amounts receivable after more than one year | 29 | €29,616 | €27,516 | -€2,100 | -7.1% |
| Other amounts receivable | 291 | €29,616 | €27,516 | -€2,100 | -7.1% |
| Amounts receivable within one year | 40/41 | €17,006 | €19,244 | +€2,239 | +13.2% |
| Trade receivables | 40 | €13,008 | €19,244 | +€6,237 | +47.9% |
| Other amounts receivable | 41 | €3,998 | - | -€3,998 | |
| Cash at bank and in hand | 54/58 | €2,032 | €35,678 | +€33,646 | +1,656% |
| Deferred charges and accrued income | 490/1 | €272 | €613 | +€341 | +125% |
| Total equity and liabilities | 10/49 | €263,300 | €289,518 | +€26,218 | +10.0% |
| Equity | 10/15 | €107,755 | €132,997 | +€25,242 | +23.4% |
| Contributions | 10/11 | €6,200 | €6,200 | = | 0.0% |
| Reserves | 13 | €1,860 | €27,102 | +€25,242 | +1,357% |
| Non-distributable reserves | 130/1 | €1,860 | €1,860 | = | 0.0% |
| Reserves not available under the articles | 1311 | €1,860 | €1,860 | = | 0.0% |
| Distributable reserves | 133 | - | €25,242 | +€25,242 | |
| Profit (loss) carried forward | 14 | €99,695 | €99,695 | = | 0.0% |
| Amounts payable | 17/49 | €155,545 | €156,521 | +€976 | +0.6% |
| Amounts payable after more than one year | 17 | €139,062 | €130,066 | -€8,996 | -6.5% |
| Financial debts | 170/4 | €139,062 | €130,066 | -€8,996 | -6.5% |
| Amounts payable within one year | 42/48 | €16,483 | €26,455 | +€9,972 | +60.5% |
| Current portion of amounts payable after more than one year | 42 | €8,646 | €8,996 | +€350 | +4.0% |
| Trade debts | 44 | €1,903 | €1,449 | -€455 | -23.9% |
| Suppliers | 440/4 | €1,903 | €1,449 | -€455 | -23.9% |
| Taxes, remuneration and social security | 45 | €5,934 | €16,011 | +€10,077 | +170% |
| Taxes | 450/3 | €2,934 | €13,511 | +€10,577 | +361% |
| Remuneration and social security | 454/9 | €3,000 | €2,500 | -€500 | -16.7% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €8,284 | €7,907 | -€377 | -4.5% |
| Other operating charges | 640/8 | €1,725 | €3,820 | +€2,094 | +121% |
| Gross operating margin | 9900 | €12,194 | €58,001 | +€45,807 | +376% |
| Operating profit (loss) | 9901 | €2,184 | €46,273 | +€44,089 | +2,019% |
| Financial charges | 65/66B | €7,015 | €6,301 | -€715 | -10.2% |
| Recurring financial charges | 65 | €7,015 | €6,301 | -€715 | -10.2% |
| Profit (loss) for the period before taxes | 9903 | -€4,831 | €39,973 | +€44,804 | |
| Income taxes | 67/77 | €1,039 | €14,730 | +€13,692 | +1,318% |
| Profit (loss) for the period | 9904 | -€5,870 | €25,242 | +€31,112 | |
| Profit (loss) for the period to be appropriated | 9905 | -€5,870 | €25,242 | +€31,112 |
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 15 October 2026 via checked.be.