HEETEK: 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.
What changed
HEETEK
NACE 47.521, Retail sale of hardware, building materials, paint and glass (general range)
fiscal year 2024 against 2025filed annual accounts (NBB)
Net result for the year
€274,474
2024 · €368,850-€94,375
Equity
€3.5m
2024 · €3.2m+€274,474
Cash
€32,353
2024 · €30,676+€1,677
Balance sheet total
€8.9m
2024 · €10.3m-€1.4m
Largest movements
Assets
- Receivables within one year -€1.3m
down €1.3m (-16.0%), from €8.3m to €7.0m
of which Other amounts receivable: -€1.4m
Equity and liabilities
- Other debts -€5.0m
down €5.0m (-78.5%), from €6.4m to €1.4m
- Accrued charges and deferred income +€3.2m
new in 2025: €3.2m
- Profit (loss) carried forward +€274,474
up €274,474 (+9.3%), from €2.9m to €3.2m
Income statement
- Financial income -€129,800
down €129,800 (-76.4%), from €169,848 to €40,048
- Gross operating margin +€75,819
up €75,819 (+6.0%), from €1.3m to €1.3m
- Staff costs +€33,306
up €33,306 (+4.1%), from €808,101 to €841,407
- Taxes -€15,282
down €15,282 (-12.1%), from €126,609 to €111,327
- Write-downs +€14,527
up €14,527 (+394.2%), from €3,685 to €18,212
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.
Result 2024
€368,850
Gross operating margin
+€75,819
Staff costs
-€33,306
Depreciation
-€13,340
Write-downs
-€14,527
Other operating charges
+€775
Other operating items
+€891
Financial income
-€129,800
Financial charges
+€3,830
Taxes
+€15,282
Result 2025
€274,474
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.
From operations
+€112,136
Investment
-€110,459
Financing
€0
Cash 2024
€30,676
From operations (derived)
+€112,136
Net result for the year
+€274,474
Depreciation
+€68,289
Stocks and contracts
+€68,300
Receivables within one year
+€1.3m
Smaller working-capital items
+€11,167
Trade debts
+€95,852
Tax, wage and social debts
+€72,318
Other debts
-€5.0m
Accrued charges and deferred income
+€3.2m
Investment (derived)
-€110,459
Investment in fixed assets (net)
-€110,459
Cash 2025
€32,353
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €10,290,707 | €8,933,832 | -€1.4m | -13.2% |
| Fixed assets | 21/28 | €440,895 | €483,066 | +€42,170 | +9.6% |
| Tangible fixed assets | 22/27 | €420,841 | €463,011 | +€42,170 | +10.0% |
| Plant, machinery and equipment | 23 | €195,932 | €266,043 | +€70,110 | +35.8% |
| Furniture and vehicles | 24 | €31,539 | €22,142 | -€9,397 | -29.8% |
| Other tangible fixed assets | 26 | €193,369 | €174,826 | -€18,543 | -9.6% |
| Financial fixed assets | 28 | €20,055 | €20,055 | = | 0.0% |
| Current assets | 29/58 | €9,849,812 | €8,450,766 | -€1.4m | -14.2% |
| Stocks and contracts in progress | 3 | €1,518,670 | €1,450,370 | -€68,300 | -4.5% |
| Stocks | 30/36 | €1,518,670 | €1,450,370 | -€68,300 | -4.5% |
| Amounts receivable within one year | 40/41 | €8,272,969 | €6,951,301 | -€1.3m | -16.0% |
| Trade receivables | 40 | €464,973 | €498,854 | +€33,881 | +7.3% |
| Other amounts receivable | 41 | €7,807,996 | €6,452,447 | -€1.4m | -17.4% |
| Cash at bank and in hand | 54/58 | €30,676 | €32,353 | +€1,677 | +5.5% |
| Deferred charges and accrued income | 490/1 | €27,497 | €16,743 | -€10,754 | -39.1% |
| Total equity and liabilities | 10/49 | €10,290,707 | €8,933,832 | -€1.4m | -13.2% |
| Equity | 10/15 | €3,211,793 | €3,486,267 | +€274,474 | +8.5% |
| Contributions | 10/11 | €100,000 | €100,000 | = | 0.0% |
| Capital | 10 | €100,000 | €100,000 | = | 0.0% |
| Issued capital | 100 | €100,000 | €100,000 | = | 0.0% |
| Reserves | 13 | €171,131 | €171,131 | = | 0.0% |
| Non-distributable reserves | 130/1 | €10,000 | €10,000 | = | 0.0% |
| Legal reserve | 130 | €10,000 | €10,000 | = | 0.0% |
| Distributable reserves | 133 | €161,131 | €161,131 | = | 0.0% |
| Profit (loss) carried forward | 14 | €2,940,662 | €3,215,136 | +€274,474 | +9.3% |
| Amounts payable | 17/49 | €7,078,914 | €5,447,565 | -€1.6m | -23.0% |
| Amounts payable within one year | 42/48 | €7,078,914 | €2,253,115 | -€4.8m | -68.2% |
| Trade debts | 44 | €512,083 | €607,934 | +€95,852 | +18.7% |
| Suppliers | 440/4 | €512,083 | €607,934 | +€95,852 | +18.7% |
| Advances received on contracts in progress | 46 | €1,582 | €1,996 | +€414 | +26.2% |
| Taxes, remuneration and social security | 45 | €199,964 | €272,282 | +€72,318 | +36.2% |
| Taxes | 450/3 | €83,122 | €152,748 | +€69,626 | +83.8% |
| Remuneration and social security | 454/9 | €116,842 | €119,534 | +€2,692 | +2.3% |
| Other amounts payable | 47/48 | €6,365,285 | €1,370,903 | -€5.0m | -78.5% |
| Accrued charges and deferred income | 492/3 | - | €3,194,449 | +€3.2m | |
| Remuneration, social security and pensions | 62 | €808,101 | €841,407 | +€33,306 | +4.1% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €54,949 | €68,289 | +€13,340 | +24.3% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | €3,685 | €18,212 | +€14,527 | +394.2% |
| Other operating charges | 640/8 | €65,121 | €64,346 | -€775 | -1.2% |
| Non-recurring operating charges | 66A | €1,220 | €329 | -€891 | -73.0% |
| Gross operating margin | 9900 | €1,269,679 | €1,345,498 | +€75,819 | +6.0% |
| Operating profit (loss) | 9901 | €336,604 | €352,916 | +€16,312 | +4.8% |
| Financial income | 75/76B | €169,848 | €40,048 | -€129,800 | -76.4% |
| Recurring financial income | 75 | €169,848 | €40,048 | -€129,800 | -76.4% |
| Financial charges | 65/66B | €10,994 | €7,164 | -€3,830 | -34.8% |
| Recurring financial charges | 65 | €10,994 | €7,164 | -€3,830 | -34.8% |
| Profit (loss) for the period before taxes | 9903 | €495,458 | €385,801 | -€109,657 | -22.1% |
| Income taxes | 67/77 | €126,609 | €111,327 | -€15,282 | -12.1% |
| Profit (loss) for the period | 9904 | €368,850 | €274,474 | -€94,375 | -25.6% |
| Profit (loss) for the period to be appropriated | 9905 | €368,850 | €274,474 | -€94,375 | -25.6% |
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 30 September 2026 via checked.be.