HECTOR & PARTNERS: 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.
HECTOR & PARTNERS
Largest movements
- Cash -€199,239
down €199,239 (-93.9%), from €212,281 to €13,042
mainly Current investments (-€100,000) and Contributions, distributions and other (-€80,000)
- Current investments +€100,000
up €100,000 (+100.0%), from €100,000 to €200,000
- Tangible fixed assets -€28,734
down €28,734 (-15.7%), from €182,589 to €153,855
of which Furniture and vehicles: -€19,328
- Reserves -€89,385
down €89,385 (-23.7%), from €376,860 to €287,475
- Other debts +€73,816
up €73,816 (+3751.1%), from €1,968 to €75,784
- Trade debts -€56,221
down €56,221 (-89.9%), from €62,506 to €6,285
- Tax, wage and social debts -€27,841
down €27,841 (-96.3%), from €28,920 to €1,079
- Profit (loss) carried forward -€22,899
no longer reported in 2025 (was €22,899)
- Gross operating margin -€44,155
down €44,155, from €38,992 to -€5,163
- Depreciation +€13,233
up €13,233 (+135.2%), from €9,785 to €23,018
- Taxes -€9,592
down €9,592 (-97.7%), from €9,813 to €222
- Financial income -€6,530
down €6,530 (-100.0%), from €6,532 to €2
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 | €588,124 | €454,927 | -€133,198 | -22.6% |
| Fixed assets | 21/28 | €182,589 | €153,855 | -€28,734 | -15.7% |
| Tangible fixed assets | 22/27 | €182,589 | €153,855 | -€28,734 | -15.7% |
| Land and buildings | 22 | €105,035 | €96,850 | -€8,185 | -7.8% |
| Furniture and vehicles | 24 | €71,450 | €52,121 | -€19,328 | -27.1% |
| Other tangible fixed assets | 26 | €6,104 | €4,883 | -€1,221 | -20.0% |
| Current assets | 29/58 | €405,536 | €301,072 | -€104,464 | -25.8% |
| Amounts receivable after more than one year | 29 | €80,000 | €80,000 | = | 0.0% |
| Other amounts receivable | 291 | €80,000 | €80,000 | = | 0.0% |
| Amounts receivable within one year | 40/41 | €13,255 | €8,030 | -€5,225 | -39.4% |
| Trade receivables | 40 | €7,418 | €7,418 | = | 0.0% |
| Other amounts receivable | 41 | €5,837 | €611 | -€5,225 | -89.5% |
| Current investments | 50/53 | €100,000 | €200,000 | +€100,000 | +100.0% |
| Cash at bank and in hand | 54/58 | €212,281 | €13,042 | -€199,239 | -93.9% |
| Total equity and liabilities | 10/49 | €588,124 | €454,927 | -€133,198 | -22.6% |
| Equity | 10/15 | €405,959 | €293,675 | -€112,284 | -27.7% |
| Contributions | 10/11 | €6,200 | €6,200 | = | 0.0% |
| Reserves | 13 | €376,860 | €287,475 | -€89,385 | -23.7% |
| Distributable reserves | 133 | €376,860 | €287,475 | -€89,385 | -23.7% |
| Profit (loss) carried forward | 14 | €22,899 | - | -€22,899 | |
| Amounts payable | 17/49 | €182,165 | €161,251 | -€20,914 | -11.5% |
| Amounts payable after more than one year | 17 | €78,103 | €67,278 | -€10,826 | -13.9% |
| Financial debts | 170/4 | €78,103 | €67,278 | -€10,826 | -13.9% |
| Amounts payable within one year | 42/48 | €104,062 | €93,974 | -€10,088 | -9.7% |
| Current portion of amounts payable after more than one year | 42 | €10,667 | €10,826 | +€158 | +1.5% |
| Trade debts | 44 | €62,506 | €6,285 | -€56,221 | -89.9% |
| Suppliers | 440/4 | €62,506 | €6,285 | -€56,221 | -89.9% |
| Taxes, remuneration and social security | 45 | €28,920 | €1,079 | -€27,841 | -96.3% |
| Taxes | 450/3 | €28,920 | €1,079 | -€27,841 | -96.3% |
| Other amounts payable | 47/48 | €1,968 | €75,784 | +€73,816 | +3751.1% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €9,785 | €23,018 | +€13,233 | +135.2% |
| Other operating charges | 640/8 | €2,492 | €2,220 | -€273 | -10.9% |
| Gross operating margin | 9900 | €38,992 | -€5,163 | -€44,155 | |
| Operating profit (loss) | 9901 | €26,714 | -€30,400 | -€57,115 | |
| Financial income | 75/76B | €6,532 | €2 | -€6,530 | -100.0% |
| Recurring financial income | 75 | €6,532 | €2 | -€6,530 | -100.0% |
| Financial charges | 65/66B | €1,953 | €1,664 | -€290 | -14.8% |
| Recurring financial charges | 65 | €1,953 | €1,664 | -€290 | -14.8% |
| Profit (loss) for the period before taxes | 9903 | €31,293 | -€32,062 | -€63,355 | |
| Income taxes | 67/77 | €9,813 | €222 | -€9,592 | -97.7% |
| Profit (loss) for the period | 9904 | €21,480 | -€32,284 | -€53,764 | |
| Profit (loss) for the period to be appropriated | 9905 | €21,480 | -€32,284 | -€53,764 |
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 12 October 2026 via checked.be.