HEETCH BELGIUM: 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.
HEETCH BELGIUM
Largest movements
- Receivables within one year +€233,074
up €233,074 (+29.6%), from €787,675 to €1.0m
of which Other amounts receivable: +€125,225
- Cash -€31,734
down €31,734 (-36.0%), from €88,088 to €56,354
mainly Receivables within one year (-€233,074) and Deferred charges and accrued income (-€6,132)
- Profit (loss) carried forward +€146,973
up €146,973 (+12.4%), from -€1.2m to -€1.0m
- Trade debts +€33,950
up €33,950 (+77.0%), from €44,085 to €78,035
- Tax, wage and social debts +€19,058
up €19,058 (+155%), from €12,305 to €31,363
of which Remuneration and social security: +€19,058
- Staff costs -€143,999
down €143,999 (-43.6%), from €330,064 to €186,064
- Write-downs +€99,965
up €99,965 (+69.0%), from -€144,948 to -€44,983
- Gross operating margin +€78,573
up €78,573 (+30.6%), from €256,708 to €335,282
- Other operating charges +€20,702
up €20,702 (+60.7%), from €34,084 to €54,786
- Financial income +€13,076
up €13,076 (+4,464%), from €293 to €13,369
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 | €893,375 | €1,096,267 | +€202,892 | +22.7% |
| Fixed assets | 21/28 | €10,034 | €5,454 | -€4,579 | -45.6% |
| Tangible fixed assets | 22/27 | €4,654 | €74 | -€4,579 | -98.4% |
| Furniture and vehicles | 24 | €4,654 | €74 | -€4,579 | -98.4% |
| Financial fixed assets | 28 | €5,380 | €5,380 | = | 0.0% |
| Current assets | 29/58 | €883,341 | €1,090,813 | +€207,472 | +23.5% |
| Amounts receivable within one year | 40/41 | €787,675 | €1,020,749 | +€233,074 | +29.6% |
| Trade receivables | 40 | €142,723 | €250,572 | +€107,849 | +75.6% |
| Other amounts receivable | 41 | €644,952 | €770,177 | +€125,225 | +19.4% |
| Cash at bank and in hand | 54/58 | €88,088 | €56,354 | -€31,734 | -36.0% |
| Deferred charges and accrued income | 490/1 | €7,578 | €13,709 | +€6,132 | +80.9% |
| Total equity and liabilities | 10/49 | €893,375 | €1,096,267 | +€202,892 | +22.7% |
| Equity | 10/15 | €833,829 | €980,803 | +€146,973 | +17.6% |
| Contributions | 10/11 | €2,018,600 | €2,018,600 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€1,184,771 | -€1,037,797 | +€146,973 | +12.4% |
| Amounts payable | 17/49 | €59,545 | €115,464 | +€55,919 | +93.9% |
| Amounts payable within one year | 42/48 | €56,389 | €109,398 | +€53,008 | +94.0% |
| Trade debts | 44 | €44,085 | €78,035 | +€33,950 | +77.0% |
| Suppliers | 440/4 | €44,085 | €78,035 | +€33,950 | +77.0% |
| Taxes, remuneration and social security | 45 | €12,305 | €31,363 | +€19,058 | +155% |
| Taxes | 450/3 | €0 | - | = | |
| Remuneration and social security | 454/9 | €12,305 | €31,363 | +€19,058 | +155% |
| Other amounts payable | 47/48 | €0 | - | = | |
| Accrued charges and deferred income | 492/3 | €3,156 | €6,067 | +€2,911 | +92.2% |
| Remuneration, social security and pensions | 62 | €330,064 | €186,064 | -€143,999 | -43.6% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €4,810 | €4,579 | -€231 | -4.8% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | -€144,948 | -€44,983 | +€99,965 | +69.0% |
| Other operating charges | 640/8 | €34,084 | €54,786 | +€20,702 | +60.7% |
| Non-recurring operating charges | 66A | €206,809 | €0 | -€206,809 | -100% |
| Gross operating margin | 9900 | €256,708 | €335,282 | +€78,573 | +30.6% |
| Operating profit (loss) | 9901 | -€174,109 | €134,836 | +€308,945 | |
| Financial income | 75/76B | €293 | €13,369 | +€13,076 | +4,464% |
| Recurring financial income | 75 | €293 | €13,369 | +€13,076 | +4,464% |
| Financial charges | 65/66B | €9,414 | €1,231 | -€8,182 | -86.9% |
| Recurring financial charges | 65 | €9,414 | €1,231 | -€8,182 | -86.9% |
| Profit (loss) for the period before taxes | 9903 | -€183,230 | €146,973 | +€330,203 | |
| Profit (loss) for the period | 9904 | -€183,230 | €146,973 | +€330,203 | |
| Profit (loss) for the period to be appropriated | 9905 | -€183,230 | €146,973 | +€330,203 |
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 15 October 2026 via checked.be.