HEFTJAK: 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.
HEFTJAK
Largest movements
- Receivables within one year -€76,338
down €76,338 (-81.8%), from €93,373 to €17,035
of which Trade receivables: -€77,038
- Cash +€51,428
up €51,428 (+926.4%), from €5,551 to €56,980
mainly Receivables within one year (+€76,338) and Net result for the year (+€51,622)
- Current investments +€30,000
new in 2025: €30,000
- Financial fixed assets +€24,500
up €24,500 (+4900.0%), from €500 to €25,000
- Tangible fixed assets +€7,182
up €7,182 (+33.6%), from €21,358 to €28,540
of which Plant, machinery and equipment: +€4,046
- Reserves +€50,122
up €50,122 (+82.9%), from €60,465 to €110,587
- Other debts -€11,615
down €11,615 (-31.0%), from €37,500 to €25,885
- Tax, wage and social debts -€4,476
down €4,476 (-19.4%), from €23,077 to €18,601
- Gross operating margin -€7,353
down €7,353 (-8.9%), from €82,331 to €74,978
- Depreciation +€3,282
up €3,282 (+376.3%), from €872 to €4,154
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 | €129,350 | €162,590 | +€33,240 | +25.7% |
| Fixed assets | 21/28 | €21,858 | €53,540 | +€31,682 | +144.9% |
| Tangible fixed assets | 22/27 | €21,358 | €28,540 | +€7,182 | +33.6% |
| Plant, machinery and equipment | 23 | - | €4,046 | +€4,046 | |
| Other tangible fixed assets | 26 | €21,358 | €24,494 | +€3,136 | +14.7% |
| Financial fixed assets | 28 | €500 | €25,000 | +€24,500 | +4900.0% |
| Current assets | 29/58 | €107,492 | €109,050 | +€1,558 | +1.4% |
| Amounts receivable within one year | 40/41 | €93,373 | €17,035 | -€76,338 | -81.8% |
| Trade receivables | 40 | €93,373 | €16,335 | -€77,038 | -82.5% |
| Other amounts receivable | 41 | - | €700 | +€700 | |
| Current investments | 50/53 | - | €30,000 | +€30,000 | |
| Cash at bank and in hand | 54/58 | €5,551 | €56,980 | +€51,428 | +926.4% |
| Deferred charges and accrued income | 490/1 | €8,568 | €5,036 | -€3,532 | -41.2% |
| Total equity and liabilities | 10/49 | €129,350 | €162,590 | +€33,240 | +25.7% |
| Equity | 10/15 | €66,465 | €116,587 | +€50,122 | +75.4% |
| Contributions | 10/11 | €6,000 | €6,000 | = | 0.0% |
| Reserves | 13 | €60,465 | €110,587 | +€50,122 | +82.9% |
| Distributable reserves | 133 | €60,465 | €110,587 | +€50,122 | +82.9% |
| Amounts payable | 17/49 | €62,885 | €46,003 | -€16,882 | -26.8% |
| Amounts payable within one year | 42/48 | €61,685 | €44,803 | -€16,882 | -27.4% |
| Trade debts | 44 | €1,108 | €317 | -€791 | -71.4% |
| Suppliers | 440/4 | €1,108 | €317 | -€791 | -71.4% |
| Taxes, remuneration and social security | 45 | €23,077 | €18,601 | -€4,476 | -19.4% |
| Taxes | 450/3 | €23,077 | €18,601 | -€4,476 | -19.4% |
| Other amounts payable | 47/48 | €37,500 | €25,885 | -€11,615 | -31.0% |
| Accrued charges and deferred income | 492/3 | €1,200 | €1,200 | = | 0.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €872 | €4,154 | +€3,282 | +376.3% |
| Other operating charges | 640/8 | €585 | €450 | -€136 | -23.2% |
| Gross operating margin | 9900 | €82,331 | €74,978 | -€7,353 | -8.9% |
| Operating profit (loss) | 9901 | €80,874 | €70,374 | -€10,500 | -13.0% |
| Financial income | 75/76B | €0 | - | -€0 | |
| Recurring financial income | 75 | €0 | - | -€0 | |
| Financial charges | 65/66B | €1,774 | €1,551 | -€223 | -12.6% |
| Recurring financial charges | 65 | €1,774 | €1,551 | -€223 | -12.6% |
| Profit (loss) for the period before taxes | 9903 | €79,100 | €68,823 | -€10,277 | -13.0% |
| Income taxes | 67/77 | €17,135 | €17,201 | +€66 | +0.4% |
| Profit (loss) for the period | 9904 | €61,965 | €51,622 | -€10,343 | -16.7% |
| Profit (loss) for the period to be appropriated | 9905 | €61,965 | €51,622 | -€10,343 | -16.7% |
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 9 October 2026 via checked.be.