Hectors-Clerx: 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.
Hectors-Clerx
Largest movements
- Cash +€33,802
up €33,802 (+57.9%), from €58,375 to €92,177
mainly Net result for the year (+€91,684) and Depreciation (+€10,897)
- Receivables within one year +€17,775
up €17,775 (+24.0%), from €74,014 to €91,789
of which Trade receivables: +€24,087
- Tangible fixed assets -€3,218
down €3,218 (-7.3%), from €44,204 to €40,986
of which Plant, machinery and equipment: -€3,456
- Reserves +€83,704
up €83,704 (+48.0%), from €174,559 to €258,263
- Other debts -€20,000
no longer reported in 2025 (was €20,000)
- Current portion of long-term debt -€10,626
down €10,626 (-47.6%), from €22,339 to €11,713
- Tax, wage and social debts -€9,913
down €9,913 (-40.7%), from €24,355 to €14,442
of which Taxes: -€7,013
- Accrued charges and deferred income +€4,358
up €4,358 (+359%), from €1,215 to €5,573
- Gross operating margin +€35,865
up €35,865 (+34.7%), from €103,248 to €139,113
- Taxes +€10,220
up €10,220 (+51.2%), from €19,943 to €30,163
- Financial charges -€1,792
down €1,792 (-25.9%), from €6,919 to €5,128
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 | €262,194 | €308,417 | +€46,223 | +17.6% |
| Fixed assets | 21/28 | €44,204 | €40,986 | -€3,218 | -7.3% |
| Tangible fixed assets | 22/27 | €44,204 | €40,986 | -€3,218 | -7.3% |
| Plant, machinery and equipment | 23 | €39,706 | €36,251 | -€3,456 | -8.7% |
| Furniture and vehicles | 24 | €4,498 | €4,736 | +€238 | +5.3% |
| Current assets | 29/58 | €217,989 | €267,430 | +€49,441 | +22.7% |
| Amounts receivable after more than one year | 29 | €83,175 | €83,175 | = | 0.0% |
| Other amounts receivable | 291 | €83,175 | €83,175 | = | 0.0% |
| Amounts receivable within one year | 40/41 | €74,014 | €91,789 | +€17,775 | +24.0% |
| Trade receivables | 40 | €10,301 | €34,388 | +€24,087 | +234% |
| Other amounts receivable | 41 | €63,713 | €57,402 | -€6,311 | -9.9% |
| Cash at bank and in hand | 54/58 | €58,375 | €92,177 | +€33,802 | +57.9% |
| Deferred charges and accrued income | 490/1 | €2,425 | €289 | -€2,137 | -88.1% |
| Total equity and liabilities | 10/49 | €262,194 | €308,417 | +€46,223 | +17.6% |
| Equity | 10/15 | €176,559 | €260,263 | +€83,704 | +47.4% |
| Contributions | 10/11 | €2,000 | €2,000 | = | 0.0% |
| Reserves | 13 | €174,559 | €258,263 | +€83,704 | +48.0% |
| Distributable reserves | 133 | €174,559 | €258,263 | +€83,704 | +48.0% |
| Amounts payable | 17/49 | €85,635 | €48,154 | -€37,481 | -43.8% |
| Amounts payable within one year | 42/48 | €84,420 | €42,580 | -€41,839 | -49.6% |
| Current portion of amounts payable after more than one year | 42 | €22,339 | €11,713 | -€10,626 | -47.6% |
| Trade debts | 44 | €8,533 | €5,675 | -€2,859 | -33.5% |
| Suppliers | 440/4 | €8,533 | €5,675 | -€2,859 | -33.5% |
| Advances received on contracts in progress | 46 | €9,192 | €10,750 | +€1,558 | +16.9% |
| Taxes, remuneration and social security | 45 | €24,355 | €14,442 | -€9,913 | -40.7% |
| Taxes | 450/3 | €21,455 | €14,442 | -€7,013 | -32.7% |
| Remuneration and social security | 454/9 | €2,900 | - | -€2,900 | |
| Other amounts payable | 47/48 | €20,000 | - | -€20,000 | |
| Accrued charges and deferred income | 492/3 | €1,215 | €5,573 | +€4,358 | +359% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €10,877 | €10,897 | +€21 | +0.2% |
| Other operating charges | 640/8 | - | €1,301 | +€1,301 | |
| Gross operating margin | 9900 | €103,248 | €139,113 | +€35,865 | +34.7% |
| Operating profit (loss) | 9901 | €92,371 | €126,914 | +€34,543 | +37.4% |
| Financial income | 75/76B | €493 | €60 | -€433 | -87.8% |
| Recurring financial income | 75 | €493 | €60 | -€433 | -87.8% |
| Financial charges | 65/66B | €6,919 | €5,128 | -€1,792 | -25.9% |
| Recurring financial charges | 65 | €6,919 | €5,128 | -€1,792 | -25.9% |
| Profit (loss) for the period before taxes | 9903 | €85,945 | €121,847 | +€35,902 | +41.8% |
| Income taxes | 67/77 | €19,943 | €30,163 | +€10,220 | +51.2% |
| Profit (loss) for the period | 9904 | €66,002 | €91,684 | +€25,681 | +38.9% |
| Profit (loss) for the period to be appropriated | 9905 | €66,002 | €91,684 | +€25,681 | +38.9% |
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 22 October 2026 via checked.be.