HEDITEC: 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.
HEDITEC
Largest movements
- Cash +€12,725
up €12,725 (+22.3%), from €57,042 to €69,767
mainly Net result for the year (+€31,123) and Receivables within one year (+€9,179)
- Receivables within one year -€9,179
down €9,179 (-20.3%), from €45,167 to €35,988
of which Other amounts receivable: -€6,462
- Tangible fixed assets +€2,857
up €2,857 (+111.0%), from €2,575 to €5,432
of which Other tangible fixed assets: +€3,549
- Deferred charges and accrued income +€1,475
up €1,475 (+100.0%), from €1,475 to €2,951
- Reserves +€16,105
up €16,105 (+24.7%), from €65,156 to €81,261
- Trade debts -€12,146
down €12,146 (-63.2%), from €19,217 to €7,072
- Debts after one year +€4,569
new in 2025: €4,569
- Other debts -€4,185
down €4,185 (-21.8%), from €19,202 to €15,017
- Tax, wage and social debts +€3,197
up €3,197 (+103.4%), from €3,091 to €6,288
- Gross operating margin +€30,936
up €30,936 (+176.5%), from €17,524 to €48,460
- Taxes +€7,978
up €7,978 (+146.6%), from €5,443 to €13,421
- Depreciation -€1,430
down €1,430 (-47.6%), from €3,001 to €1,571
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 | €114,759 | €122,387 | +€7,629 | +6.6% |
| Fixed assets | 21/28 | €2,575 | €5,432 | +€2,857 | +111.0% |
| Tangible fixed assets | 22/27 | €2,575 | €5,432 | +€2,857 | +111.0% |
| Land and buildings | 22 | €1,081 | €541 | -€541 | -50.0% |
| Plant, machinery and equipment | 23 | €1,494 | €921 | -€573 | -38.4% |
| Furniture and vehicles | 24 | €0 | €422 | +€422 | |
| Other tangible fixed assets | 26 | - | €3,549 | +€3,549 | |
| Current assets | 29/58 | €112,184 | €116,955 | +€4,771 | +4.3% |
| Stocks and contracts in progress | 3 | €8,500 | €8,250 | -€250 | -2.9% |
| Stocks | 30/36 | €8,500 | €8,250 | -€250 | -2.9% |
| Amounts receivable within one year | 40/41 | €45,167 | €35,988 | -€9,179 | -20.3% |
| Trade receivables | 40 | €33,586 | €30,868 | -€2,717 | -8.1% |
| Other amounts receivable | 41 | €11,581 | €5,119 | -€6,462 | -55.8% |
| Cash at bank and in hand | 54/58 | €57,042 | €69,767 | +€12,725 | +22.3% |
| Deferred charges and accrued income | 490/1 | €1,475 | €2,951 | +€1,475 | +100.0% |
| Total equity and liabilities | 10/49 | €114,759 | €122,387 | +€7,629 | +6.6% |
| Equity | 10/15 | €71,356 | €87,461 | +€16,105 | +22.6% |
| Contributions | 10/11 | €6,200 | €6,200 | = | 0.0% |
| Reserves | 13 | €65,156 | €81,261 | +€16,105 | +24.7% |
| Distributable reserves | 133 | €65,156 | €81,261 | +€16,105 | +24.7% |
| Profit (loss) carried forward | 14 | €0 | €0 | = | |
| Amounts payable | 17/49 | €43,403 | €34,926 | -€8,477 | -19.5% |
| Amounts payable after more than one year | 17 | - | €4,569 | +€4,569 | |
| Financial debts | 170/4 | - | €4,569 | +€4,569 | |
| Amounts payable within one year | 42/48 | €41,511 | €30,357 | -€11,153 | -26.9% |
| Current portion of amounts payable after more than one year | 42 | - | €1,907 | +€1,907 | |
| Financial debts | 43 | - | €73 | +€73 | |
| Credit institutions | 430/8 | - | €73 | +€73 | |
| Trade debts | 44 | €19,217 | €7,072 | -€12,146 | -63.2% |
| Suppliers | 440/4 | €19,217 | €7,072 | -€12,146 | -63.2% |
| Taxes, remuneration and social security | 45 | €3,091 | €6,288 | +€3,197 | +103.4% |
| Taxes | 450/3 | €3,091 | €6,288 | +€3,197 | +103.4% |
| Other amounts payable | 47/48 | €19,202 | €15,017 | -€4,185 | -21.8% |
| Accrued charges and deferred income | 492/3 | €1,893 | €0 | -€1,893 | -100.0% |
| Non-recurring operating income | 76A | €0 | - | = | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €3,001 | €1,571 | -€1,430 | -47.6% |
| Other operating charges | 640/8 | €1,312 | €1,688 | +€376 | +28.7% |
| Non-recurring operating charges | 66A | €389 | €0 | -€389 | -100.0% |
| Gross operating margin | 9900 | €17,524 | €48,460 | +€30,936 | +176.5% |
| Operating profit (loss) | 9901 | €12,823 | €45,201 | +€32,378 | +252.5% |
| Financial income | 75/76B | €371 | €444 | +€73 | +19.7% |
| Recurring financial income | 75 | €371 | €444 | +€73 | +19.7% |
| Financial charges | 65/66B | €1,279 | €1,102 | -€177 | -13.9% |
| Recurring financial charges | 65 | €1,279 | €1,102 | -€177 | -13.9% |
| Profit (loss) for the period before taxes | 9903 | €11,915 | €44,544 | +€32,629 | +273.8% |
| Income taxes | 67/77 | €5,443 | €13,421 | +€7,978 | +146.6% |
| Profit (loss) for the period | 9904 | €6,472 | €31,123 | +€24,651 | +380.9% |
| Profit (loss) for the period to be appropriated | 9905 | €6,472 | €31,123 | +€24,651 | +380.9% |
Source: filed annual accounts (NBB), financial years ended 30 September 2024 and 30 September 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 9 October 2026 via checked.be.