HECTORY: what changed
Two fiscal 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.
HECTORY
Largest movements
- Cash -€23,187
down €23,187 (-63.5%), from €36,521 to €13,335
mainly Trade debts (-€139,318) and Tax, wage and social debts (-€4,318)
- Intangible fixed assets -€16,600
down €16,600 (-44.4%), from €37,400 to €20,800
- Trade debts -€139,318
down €139,318 (-74.7%), from €186,388 to €47,070
of which Suppliers: -€161,624
- Reserves +€90,000
new in 2025: €90,000
- Profit (loss) carried forward +€11,913
up €11,913 (+5.8%), from €206,505 to €218,419
- Turnover -€130,990
down €130,990 (-13.9%), from €942,325 to €811,335
- Purchases and services -€114,843
down €114,843 (-21.0%), from €546,701 to €431,859
- Gross operating margin -€16,147
down €16,147 (-4.1%), from €395,623 to €379,476
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 | €476,756 | €435,034 | -€41,722 | -8.8% |
| Fixed assets | 21/28 | €105,089 | €85,257 | -€19,832 | -18.9% |
| Intangible fixed assets | 21 | €37,400 | €20,800 | -€16,600 | -44.4% |
| Tangible fixed assets | 22/27 | €21,689 | €18,457 | -€3,232 | -14.9% |
| Land and buildings | 22 | €7,499 | €6,428 | -€1,071 | -14.3% |
| Plant, machinery and equipment | 23 | €13,790 | €12,029 | -€1,760 | -12.8% |
| Furniture and vehicles | 24 | €400 | - | -€400 | |
| Financial fixed assets | 28 | €46,000 | €46,000 | = | 0.0% |
| Current assets | 29/58 | €371,668 | €349,777 | -€21,891 | -5.9% |
| Amounts receivable within one year | 40/41 | €335,146 | €336,442 | +€1,296 | +0.4% |
| Trade receivables | 40 | €95,910 | €32,097 | -€63,813 | -66.5% |
| Other amounts receivable | 41 | €239,237 | €304,345 | +€65,109 | +27.2% |
| Cash at bank and in hand | 54/58 | €36,521 | €13,335 | -€23,187 | -63.5% |
| Total equity and liabilities | 10/49 | €476,756 | €435,034 | -€41,722 | -8.8% |
| Equity | 10/15 | €208,505 | €310,419 | +€101,913 | +48.9% |
| Contributions | 10/11 | €2,000 | €2,000 | = | 0.0% |
| Reserves | 13 | - | €90,000 | +€90,000 | |
| Distributable reserves | 133 | - | €90,000 | +€90,000 | |
| Profit (loss) carried forward | 14 | €206,505 | €218,419 | +€11,913 | +5.8% |
| Amounts payable | 17/49 | €268,251 | €124,615 | -€143,636 | -53.5% |
| Amounts payable within one year | 42/48 | €268,251 | €124,615 | -€143,636 | -53.5% |
| Trade debts | 44 | €186,388 | €47,070 | -€139,318 | -74.7% |
| Suppliers | 440/4 | €186,388 | €24,763 | -€161,624 | -86.7% |
| Bills of exchange payable | 441 | - | €22,307 | +€22,307 | |
| Taxes, remuneration and social security | 45 | €81,864 | €77,545 | -€4,318 | -5.3% |
| Taxes | 450/3 | €65,922 | €77,545 | +€11,623 | +17.6% |
| Remuneration and social security | 454/9 | €15,942 | - | -€15,942 | |
| Turnover | 70 | €942,325 | €811,335 | -€130,990 | -13.9% |
| Goods, raw materials, services and sundry goods | 60/61 | €546,701 | €431,859 | -€114,843 | -21.0% |
| Remuneration, social security and pensions | 62 | €199,294 | €198,821 | -€472 | -0.2% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €20,056 | €19,347 | -€709 | -3.5% |
| Other operating charges | 640/8 | €15,571 | €18,263 | +€2,692 | +17.3% |
| Gross operating margin | 9900 | €395,623 | €379,476 | -€16,147 | -4.1% |
| Operating profit (loss) | 9901 | €160,703 | €143,045 | -€17,658 | -11.0% |
| Financial income | 75/76B | - | €6,661 | +€6,661 | |
| Recurring financial income | 75 | - | €6,661 | +€6,661 | |
| Non-recurring financial income | 76B | - | €6,661 | +€6,661 | |
| Financial charges | 65/66B | €3,222 | €458 | -€2,764 | -85.8% |
| Recurring financial charges | 65 | €3,222 | €458 | -€2,764 | -85.8% |
| Profit (loss) for the period before taxes | 9903 | €157,481 | €149,249 | -€8,233 | -5.2% |
| Income taxes | 67/77 | €39,949 | €47,335 | +€7,386 | +18.5% |
| Profit (loss) for the period | 9904 | €117,532 | €101,913 | -€15,619 | -13.3% |
| Profit (loss) for the period to be appropriated | 9905 | €117,532 | €101,913 | -€15,619 | -13.3% |
Source: filed annual accounts (NBB), fiscal years ended 31 May 2024 and 31 May 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 6 October 2026 via checked.be.