Hefna Holding: 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.
Hefna Holding
Largest movements
- Cash -€1,192
down €1,192 (-85.8%), from €1,389 to €197
mainly Net result for the year (-€2,588)
- Profit (loss) carried forward -€2,588
down €2,588 (-22.6%), from -€11,456 to -€14,044
- Other debts +€1,396
up €1,396 (+20.8%), from €6,709 to €8,105
- Gross operating margin -€376
down €376 (-18.9%), from -€1,985 to -€2,361
- Financial charges -€77
down €77 (-40.1%), from €192 to €115
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 | €1,453 | €261 | -€1,192 | -82.0% |
| Fixed assets | 21/28 | €1 | €1 | = | 0.0% |
| Financial fixed assets | 28 | €1 | €1 | = | 0.0% |
| Current assets | 29/58 | €1,452 | €260 | -€1,192 | -82.1% |
| Amounts receivable within one year | 40/41 | €63 | €63 | = | 0.0% |
| Other amounts receivable | 41 | €63 | €63 | = | 0.0% |
| Cash at bank and in hand | 54/58 | €1,389 | €197 | -€1,192 | -85.8% |
| Total equity and liabilities | 10/49 | €1,453 | €261 | -€1,192 | -82.0% |
| Equity | 10/15 | -€5,256 | -€7,844 | -€2,588 | -49.2% |
| Contributions | 10/11 | €6,200 | €6,200 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€11,456 | -€14,044 | -€2,588 | -22.6% |
| Amounts payable | 17/49 | €6,709 | €8,105 | +€1,396 | +20.8% |
| Amounts payable within one year | 42/48 | €6,709 | €8,105 | +€1,396 | +20.8% |
| Other amounts payable | 47/48 | €6,709 | €8,105 | +€1,396 | +20.8% |
| Other operating charges | 640/8 | €112 | €112 | = | 0.0% |
| Gross operating margin | 9900 | -€1,985 | -€2,361 | -€376 | -18.9% |
| Operating profit (loss) | 9901 | -€2,097 | -€2,473 | -€376 | -17.9% |
| Financial charges | 65/66B | €192 | €115 | -€77 | -40.1% |
| Recurring financial charges | 65 | €192 | €115 | -€77 | -40.1% |
| Profit (loss) for the period before taxes | 9903 | -€2,288 | -€2,588 | -€299 | -13.1% |
| Profit (loss) for the period | 9904 | -€2,288 | -€2,588 | -€299 | -13.1% |
| Profit (loss) for the period to be appropriated | 9905 | -€2,288 | -€2,588 | -€299 | -13.1% |
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 12 October 2026 via checked.be.