Hedico Technics: 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.
Hedico Technics
Largest movements
- Stocks and contracts +€34,305
up €34,305 (+36.7%), from €93,359 to €127,663
of which Stocks: +€49,305
- Receivables within one year +€27,665
up €27,665 (+57.5%), from €48,104 to €75,769
of which Trade receivables: +€30,164
- Cash +€10,214
up €10,214 (+1921.8%), from €531 to €10,746
mainly Net result for the year (+€39,831) and Tax, wage and social debts (+€11,567)
- Tangible fixed assets -€5,586
down €5,586 (-37.2%), from €14,998 to €9,412
- Reserves +€39,831
up €39,831 (+37.9%), from €105,152 to €144,982
- Tax, wage and social debts +€11,567
up €11,567 (+125.5%), from €9,214 to €20,781
of which Remuneration and social security: +€9,517
- Trade debts +€7,425
up €7,425 (+47.3%), from €15,707 to €23,132
- Other debts +€5,560
up €5,560 (+25.8%), from €21,579 to €27,139
- Staff costs -€5,321
down €5,321 (-12.1%), from €43,955 to €38,634
- Gross operating margin +€2,926
up €2,926 (+3.0%), from €96,344 to €99,270
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 | €162,014 | €226,386 | +€64,372 | +39.7% |
| Fixed assets | 21/28 | €17,580 | €9,993 | -€7,587 | -43.2% |
| Intangible fixed assets | 21 | €2,581 | €581 | -€2,000 | -77.5% |
| Tangible fixed assets | 22/27 | €14,998 | €9,412 | -€5,586 | -37.2% |
| Land and buildings | 22 | €6,749 | €5,453 | -€1,296 | -19.2% |
| Plant, machinery and equipment | 23 | €5,390 | €3,315 | -€2,074 | -38.5% |
| Furniture and vehicles | 24 | €2,860 | €644 | -€2,216 | -77.5% |
| Current assets | 29/58 | €144,434 | €216,393 | +€71,958 | +49.8% |
| Stocks and contracts in progress | 3 | €93,359 | €127,663 | +€34,305 | +36.7% |
| Stocks | 30/36 | €54,359 | €103,663 | +€49,305 | +90.7% |
| Contracts in progress | 37 | €39,000 | €24,000 | -€15,000 | -38.5% |
| Amounts receivable within one year | 40/41 | €48,104 | €75,769 | +€27,665 | +57.5% |
| Trade receivables | 40 | €45,605 | €75,769 | +€30,164 | +66.1% |
| Other amounts receivable | 41 | €2,499 | - | -€2,499 | |
| Cash at bank and in hand | 54/58 | €531 | €10,746 | +€10,214 | +1921.8% |
| Deferred charges and accrued income | 490/1 | €2,440 | €2,215 | -€226 | -9.2% |
| Total equity and liabilities | 10/49 | €162,014 | €226,386 | +€64,372 | +39.7% |
| Equity | 10/15 | €107,152 | €146,982 | +€39,831 | +37.2% |
| Contributions | 10/11 | €2,000 | €2,000 | = | 0.0% |
| Reserves | 13 | €105,152 | €144,982 | +€39,831 | +37.9% |
| Distributable reserves | 133 | €105,152 | €144,982 | +€39,831 | +37.9% |
| Amounts payable | 17/49 | €54,862 | €79,403 | +€24,541 | +44.7% |
| Amounts payable within one year | 42/48 | €54,862 | €79,403 | +€24,541 | +44.7% |
| Financial debts | 43 | €8,362 | €8,351 | -€11 | -0.1% |
| Other loans | 439 | €8,362 | €8,351 | -€11 | -0.1% |
| Trade debts | 44 | €15,707 | €23,132 | +€7,425 | +47.3% |
| Suppliers | 440/4 | €15,707 | €23,132 | +€7,425 | +47.3% |
| Taxes, remuneration and social security | 45 | €9,214 | €20,781 | +€11,567 | +125.5% |
| Taxes | 450/3 | €1,460 | €3,510 | +€2,050 | +140.4% |
| Remuneration and social security | 454/9 | €7,753 | €17,270 | +€9,517 | +122.7% |
| Other amounts payable | 47/48 | €21,579 | €27,139 | +€5,560 | +25.8% |
| Remuneration, social security and pensions | 62 | €43,955 | €38,634 | -€5,321 | -12.1% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €7,935 | €7,587 | -€348 | -4.4% |
| Other operating charges | 640/8 | €1,190 | €1,565 | +€376 | +31.6% |
| Gross operating margin | 9900 | €96,344 | €99,270 | +€2,926 | +3.0% |
| Operating profit (loss) | 9901 | €43,265 | €51,484 | +€8,220 | +19.0% |
| Financial income | 75/76B | €167 | €88 | -€78 | -46.9% |
| Recurring financial income | 75 | €167 | €88 | -€78 | -46.9% |
| Financial charges | 65/66B | €1,260 | €982 | -€279 | -22.1% |
| Recurring financial charges | 65 | €1,260 | €982 | -€279 | -22.1% |
| Profit (loss) for the period before taxes | 9903 | €42,171 | €50,591 | +€8,420 | +20.0% |
| Income taxes | 67/77 | €11,354 | €10,760 | -€594 | -5.2% |
| Profit (loss) for the period | 9904 | €30,817 | €39,831 | +€9,014 | +29.2% |
| Profit (loss) for the period to be appropriated | 9905 | €30,817 | €39,831 | +€9,014 | +29.2% |
Source: filed annual accounts (NBB), fiscal years ended 30 September 2024 and 30 September 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 7 October 2026 via checked.be.