Hefercé: 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.
Hefercé
Largest movements
- Cash +€31,361
up €31,361 (+66.8%), from €46,968 to €78,329
mainly Net result for the year (+€44,142) and Deferred charges and accrued income (+€786)
- Receivables within one year +€8,132
up €8,132 (+45.2%), from €17,980 to €26,112
of which Trade receivables: +€7,881
- Profit (loss) carried forward +€44,142
up €44,142 (+92.3%), from €47,823 to €91,965
- Other debts -€4,533
no longer reported in 2025 (was €4,533)
- Gross operating margin +€19,108
up €19,108 (+49.3%), from €38,738 to €57,845
- Taxes +€4,249
up €4,249 (+50.2%), from €8,465 to €12,714
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 | €67,518 | €106,626 | +€39,108 | +57.9% |
| Fixed assets | 21/28 | €548 | €949 | +€401 | +73.1% |
| Tangible fixed assets | 22/27 | €548 | €949 | +€401 | +73.1% |
| Furniture and vehicles | 24 | €548 | €949 | +€401 | +73.1% |
| Current assets | 29/58 | €66,970 | €105,677 | +€38,707 | +57.8% |
| Amounts receivable within one year | 40/41 | €17,980 | €26,112 | +€8,132 | +45.2% |
| Trade receivables | 40 | €17,445 | €25,326 | +€7,881 | +45.2% |
| Other amounts receivable | 41 | €535 | €786 | +€251 | +46.8% |
| Cash at bank and in hand | 54/58 | €46,968 | €78,329 | +€31,361 | +66.8% |
| Deferred charges and accrued income | 490/1 | €2,022 | €1,236 | -€786 | -38.9% |
| Total equity and liabilities | 10/49 | €67,518 | €106,626 | +€39,108 | +57.9% |
| Equity | 10/15 | €49,823 | €93,965 | +€44,142 | +88.6% |
| Contributions | 10/11 | €2,000 | €2,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | €47,823 | €91,965 | +€44,142 | +92.3% |
| Amounts payable | 17/49 | €17,695 | €12,661 | -€5,034 | -28.4% |
| Amounts payable within one year | 42/48 | €17,695 | €12,661 | -€5,034 | -28.4% |
| Trade debts | 44 | €1,911 | €1,289 | -€622 | -32.5% |
| Suppliers | 440/4 | €1,911 | €1,289 | -€622 | -32.5% |
| Taxes, remuneration and social security | 45 | €11,251 | €11,372 | +€121 | +1.1% |
| Taxes | 450/3 | €11,251 | €11,372 | +€121 | +1.1% |
| Other amounts payable | 47/48 | €4,533 | - | -€4,533 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €405 | €442 | +€37 | +9.1% |
| Other operating charges | 640/8 | €400 | €414 | +€13 | +3.3% |
| Gross operating margin | 9900 | €38,738 | €57,845 | +€19,108 | +49.3% |
| Operating profit (loss) | 9901 | €37,932 | €56,989 | +€19,057 | +50.2% |
| Financial income | 75/76B | €0 | - | -€0 | |
| Recurring financial income | 75 | €0 | - | -€0 | |
| Financial charges | 65/66B | €91 | €134 | +€43 | +47.0% |
| Recurring financial charges | 65 | €91 | €134 | +€43 | +47.0% |
| Profit (loss) for the period before taxes | 9903 | €37,841 | €56,856 | +€19,015 | +50.2% |
| Income taxes | 67/77 | €8,465 | €12,714 | +€4,249 | +50.2% |
| Profit (loss) for the period | 9904 | €29,376 | €44,142 | +€14,765 | +50.3% |
| Profit (loss) for the period to be appropriated | 9905 | €29,376 | €44,142 | +€14,765 | +50.3% |
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 30 October 2026 via checked.be.