Hegermann: 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.
Hegermann
Largest movements
- Receivables within one year +€23,113
up €23,113 (+47.1%), from €49,066 to €72,179
of which Other amounts receivable: +€12,990
- Intangible fixed assets -€7,769
down €7,769 (-33.3%), from €23,306 to €15,538
- Receivables after one year -€7,711
down €7,711 (-11.9%), from €64,908 to €57,197
- Tangible fixed assets -€4,710
down €4,710 (-19.3%), from €24,452 to €19,743
of which Furniture and vehicles: -€5,851
- Short-term financial debts +€20,047
up €20,047 (+54.2%), from €37,000 to €57,047
- Profit (loss) carried forward -€15,019
down €15,019 (-31.0%), from €48,374 to €33,355
- Tax, wage and social debts -€7,959
down €7,959 (-39.1%), from €20,340 to €12,380
- Trade debts +€6,105
up €6,105 (+20.3%), from €30,141 to €36,247
- Other debts -€1,993
no longer reported in 2024 (was €1,993)
- Gross operating margin -€8,968
down €8,968 (-83.3%), from €10,769 to €1,802
- Depreciation +€1,863
up €1,863 (+13.7%), from €13,599 to €15,462
- Taxes -€723
down €723 (-85.0%), from €851 to €128
- Financial income -€410
down €410 (-27.8%), from €1,476 to €1,066
- Financial charges -€208
down €208 (-12.6%), from €1,658 to €1,450
From the 2023 result to the 2024 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 2023 and 2024 balance sheets and the 2024 result: not a filed cash-flow statement. It shows where the money came from and went.
Every line side by side
| Line | Code | 2023 | 2024 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €183,932 | €185,345 | +€1,413 | +0.8% |
| Fixed assets | 21/28 | €48,259 | €35,780 | -€12,478 | -25.9% |
| Intangible fixed assets | 21 | €23,306 | €15,538 | -€7,769 | -33.3% |
| Tangible fixed assets | 22/27 | €24,452 | €19,743 | -€4,710 | -19.3% |
| Plant, machinery and equipment | 23 | €430 | €1,571 | +€1,141 | +265.5% |
| Furniture and vehicles | 24 | €24,023 | €18,172 | -€5,851 | -24.4% |
| Financial fixed assets | 28 | €500 | €500 | = | 0.0% |
| Current assets | 29/58 | €135,674 | €149,565 | +€13,892 | +10.2% |
| Amounts receivable after more than one year | 29 | €64,908 | €57,197 | -€7,711 | -11.9% |
| Other amounts receivable | 291 | €64,908 | €57,197 | -€7,711 | -11.9% |
| Amounts receivable within one year | 40/41 | €49,066 | €72,179 | +€23,113 | +47.1% |
| Trade receivables | 40 | €39,580 | €49,703 | +€10,123 | +25.6% |
| Other amounts receivable | 41 | €9,486 | €22,476 | +€12,990 | +136.9% |
| Cash at bank and in hand | 54/58 | €21,308 | €19,778 | -€1,530 | -7.2% |
| Deferred charges and accrued income | 490/1 | €392 | €411 | +€20 | +5.0% |
| Total equity and liabilities | 10/49 | €183,932 | €185,345 | +€1,413 | +0.8% |
| Equity | 10/15 | €94,143 | €79,124 | -€15,019 | -16.0% |
| Contributions | 10/11 | €6,300 | €6,300 | = | 0.0% |
| Reserves | 13 | €39,469 | €39,469 | = | 0.0% |
| Non-distributable reserves | 130/1 | €1,860 | €1,860 | = | 0.0% |
| Reserves not available under the articles | 1311 | €1,860 | €1,860 | = | 0.0% |
| Distributable reserves | 133 | €37,609 | €37,609 | = | 0.0% |
| Profit (loss) carried forward | 14 | €48,374 | €33,355 | -€15,019 | -31.0% |
| Amounts payable | 17/49 | €89,789 | €106,222 | +€16,432 | +18.3% |
| Amounts payable within one year | 42/48 | €89,474 | €105,674 | +€16,200 | +18.1% |
| Financial debts | 43 | €37,000 | €57,047 | +€20,047 | +54.2% |
| Credit institutions | 430/8 | €37,000 | €57,047 | +€20,047 | +54.2% |
| Trade debts | 44 | €30,141 | €36,247 | +€6,105 | +20.3% |
| Suppliers | 440/4 | €30,141 | €36,247 | +€6,105 | +20.3% |
| Taxes, remuneration and social security | 45 | €20,340 | €12,380 | -€7,959 | -39.1% |
| Taxes | 450/3 | €20,340 | €12,380 | -€7,959 | -39.1% |
| Other amounts payable | 47/48 | €1,993 | - | -€1,993 | |
| Accrued charges and deferred income | 492/3 | €316 | €548 | +€232 | +73.6% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €13,599 | €15,462 | +€1,863 | +13.7% |
| Other operating charges | 640/8 | €979 | €847 | -€132 | -13.5% |
| Gross operating margin | 9900 | €10,769 | €1,802 | -€8,968 | -83.3% |
| Operating profit (loss) | 9901 | -€3,808 | -€14,507 | -€10,699 | -280.9% |
| Financial income | 75/76B | €1,476 | €1,066 | -€410 | -27.8% |
| Recurring financial income | 75 | €1,476 | €1,066 | -€410 | -27.8% |
| Financial charges | 65/66B | €1,658 | €1,450 | -€208 | -12.6% |
| Recurring financial charges | 65 | €1,658 | €1,450 | -€208 | -12.6% |
| Profit (loss) for the period before taxes | 9903 | -€3,990 | -€14,891 | -€10,901 | -273.2% |
| Income taxes | 67/77 | €851 | €128 | -€723 | -85.0% |
| Profit (loss) for the period | 9904 | -€4,841 | -€15,019 | -€10,178 | -210.3% |
| Profit (loss) for the period to be appropriated | 9905 | -€4,841 | -€15,019 | -€10,178 | -210.3% |
Source: filed annual accounts (NBB), fiscal years ended 31 December 2023 and 31 December 2024. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 8 October 2026 via checked.be.