HEDA Solutions: 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.
HEDA Solutions
Largest movements
- Receivables after one year -€22,500
down €22,500 (-100.0%), from €22,500 to €0
- Receivables within one year +€10,913
up €10,913 (+25.0%), from €43,570 to €54,483
of which Other amounts receivable: +€17,172
- Cash +€2,103
up €2,103 (+28.9%), from €7,271 to €9,373
mainly Other debts (+€35,000) and Receivables after one year (+€22,500)
- Tangible fixed assets -€1,864
down €1,864 (-76.2%), from €2,448 to €584
of which Furniture and vehicles: -€1,838
- Other debts +€35,000
up €35,000, from €0 to €35,000
- Reserves -€31,732
down €31,732 (-64.7%), from €49,016 to €17,284
- Tax, wage and social debts -€5,277
down €5,277 (-41.2%), from €12,810 to €7,533
of which Taxes: -€4,640
- Short-term financial debts -€4,816
down €4,816 (-85.3%), from €5,646 to €830
- Trade debts -€3,825
down €3,825 (-45.1%), from €8,478 to €4,654
- Other operating charges +€41,102
up €41,102 (+855.3%), from €4,805 to €45,907
- Write-downs -€34,168
down €34,168, from €20,077 to -€14,091
- Gross operating margin -€3,792
down €3,792 (-8.8%), from €43,216 to €39,424
- Depreciation -€1,229
down €1,229 (-39.7%), from €3,093 to €1,864
- Financial income +€987
up €987 (+160.3%), from €615 to €1,602
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 | €76,950 | €66,300 | -€10,650 | -13.8% |
| Fixed assets | 21/28 | €3,510 | €1,646 | -€1,864 | -53.1% |
| Tangible fixed assets | 22/27 | €2,448 | €584 | -€1,864 | -76.2% |
| Plant, machinery and equipment | 23 | €26 | €0 | -€26 | -100.0% |
| Furniture and vehicles | 24 | €2,422 | €584 | -€1,838 | -75.9% |
| Financial fixed assets | 28 | €1,062 | €1,062 | = | 0.0% |
| Current assets | 29/58 | €73,440 | €64,655 | -€8,786 | -12.0% |
| Amounts receivable after more than one year | 29 | €22,500 | €0 | -€22,500 | -100.0% |
| Other amounts receivable | 291 | €22,500 | €0 | -€22,500 | -100.0% |
| Amounts receivable within one year | 40/41 | €43,570 | €54,483 | +€10,913 | +25.0% |
| Trade receivables | 40 | €31,766 | €25,507 | -€6,259 | -19.7% |
| Other amounts receivable | 41 | €11,804 | €28,976 | +€17,172 | +145.5% |
| Cash at bank and in hand | 54/58 | €7,271 | €9,373 | +€2,103 | +28.9% |
| Deferred charges and accrued income | 490/1 | €100 | €798 | +€698 | +698.3% |
| Total equity and liabilities | 10/49 | €76,950 | €66,300 | -€10,650 | -13.8% |
| Equity | 10/15 | €50,016 | €18,284 | -€31,732 | -63.4% |
| Contributions | 10/11 | €1,000 | €1,000 | = | 0.0% |
| Reserves | 13 | €49,016 | €17,284 | -€31,732 | -64.7% |
| Distributable reserves | 133 | €49,016 | €17,284 | -€31,732 | -64.7% |
| Profit (loss) carried forward | 14 | - | €0 | = | |
| Amounts payable | 17/49 | €26,934 | €48,016 | +€21,082 | +78.3% |
| Amounts payable within one year | 42/48 | €26,934 | €48,016 | +€21,082 | +78.3% |
| Current portion of amounts payable after more than one year | 42 | €0 | - | = | |
| Financial debts | 43 | €5,646 | €830 | -€4,816 | -85.3% |
| Credit institutions | 430/8 | €5,646 | €830 | -€4,816 | -85.3% |
| Trade debts | 44 | €8,478 | €4,654 | -€3,825 | -45.1% |
| Suppliers | 440/4 | €8,478 | €4,654 | -€3,825 | -45.1% |
| Taxes, remuneration and social security | 45 | €12,810 | €7,533 | -€5,277 | -41.2% |
| Taxes | 450/3 | €12,173 | €7,533 | -€4,640 | -38.1% |
| Remuneration and social security | 454/9 | €637 | €0 | -€637 | -100.0% |
| Other amounts payable | 47/48 | €0 | €35,000 | +€35,000 | |
| Non-recurring operating income | 76A | €12,528 | €1,105 | -€11,423 | -91.2% |
| Remuneration, social security and pensions | 62 | €620 | €0 | -€620 | -100.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €3,093 | €1,864 | -€1,229 | -39.7% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | €20,077 | -€14,091 | -€34,168 | |
| Other operating charges | 640/8 | €4,805 | €45,907 | +€41,102 | +855.3% |
| Gross operating margin | 9900 | €43,216 | €39,424 | -€3,792 | -8.8% |
| Operating profit (loss) | 9901 | €14,621 | €5,744 | -€8,877 | -60.7% |
| Financial income | 75/76B | €615 | €1,602 | +€987 | +160.3% |
| Recurring financial income | 75 | €615 | €1,602 | +€987 | +160.3% |
| Financial charges | 65/66B | €489 | €1,263 | +€773 | +158.1% |
| Recurring financial charges | 65 | €489 | €1,263 | +€773 | +158.1% |
| Profit (loss) for the period before taxes | 9903 | €14,748 | €6,083 | -€8,664 | -58.7% |
| Income taxes | 67/77 | €3,089 | €2,816 | -€273 | -8.8% |
| Profit (loss) for the period | 9904 | €11,659 | €3,268 | -€8,391 | -72.0% |
| Profit (loss) for the period to be appropriated | 9905 | €11,659 | €3,268 | -€8,391 | -72.0% |
Source: filed annual accounts (NBB), fiscal years ended 31 December 2024 and 31 December 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 3 October 2026 via checked.be.