HEGGE: what changed
What changed
HEGGE
NACE 25.110, Manufacture of metal structures and parts of structures
filed annual accounts (NBB)
Net result for the year
-€93,353
2023 · €7,969-€101,322
Equity
€505,556
2023 · €598,909-€93,353
Cash
€79,861
2023 · €349,014-€269,153
Balance sheet total
€2.0m
2023 · €3.7m-€1.7m
Largest movements
Assets
- Receivables within one year -€840,238
down €840,238 (-46.0%), from €1.8m to €987,512
of which Trade receivables: -€761,655
- Stocks and contracts -€469,994
down €469,994 (-40.3%), from €1.2m to €695,937
of which Contracts in progress: -€362,331
- Cash -€269,153
down €269,153 (-77.1%), from €349,014 to €79,861
mainly Trade debts (-€627,359) and Other debts (-€540,326)
- Tangible fixed assets -€70,858
down €70,858 (-24.6%), from €288,363 to €217,505
of which Leasing and similar rights: -€85,364
Equity and liabilities
- Trade debts -€627,359
down €627,359 (-47.4%), from €1.3m to €697,499
- Other debts -€540,326
down €540,326 (-53.6%), from €1.0m to €467,158
- Advances received -€141,831
down €141,831 (-70.3%), from €201,849 to €60,018
- Tax, wage and social debts -€141,662
down €141,662 (-42.3%), from €335,139 to €193,477
of which Remuneration and social security: -€138,416
- Profit (loss) carried forward -€93,353
down €93,353 (-67.7%), from -€137,971 to -€231,324
Income statement
- Turnover -€10.0m
no longer reported in 2024 (was €10.0m)
- Goods and materials -€5.7m
no longer reported in 2024 (was €5.7m)
of which Purchases: -€5.6m
- Gross operating margin +€1.7m
new in 2024: €1.7m
- Services and other goods -€1.6m
no longer reported in 2024 (was €1.6m)
- Staff costs -€348,433
down €348,433 (-17.5%), from €2.0m to €1.6m
Change in the result, 2023 to 2024
For each income-statement line you see the change as its effect on the result. Higher costs lower the result, higher income raises it.
Result 2023
€7,969
Turnover
-€10.0m
Other operating income
-€47,598
Goods and materials
+€5.7m
Services and other goods
+€1.6m
Staff costs
+€348,433
Depreciation
-€17,258
Write-downs
+€30,133
Provisions
-€4,721
Other operating charges
-€1,678
Other operating items
+€2.3m
Financial income
-€46,062
Financial charges
+€29,377
Taxes
-€105
Result 2024
-€93,353
raises the resultlowers the resultnot broken down further in the accounts
Derived cash bridge
The bridge is derived from the 2023 and 2024 balance sheets and the 2024 result. There is no filed cash-flow statement. You see where the money came from and where it went.
From operations
-€106,063
Investment
-€50,340
Financing
-€112,750
Cash 2023
€349,014
From operations (derived)
-€106,063
Net result for the year
-€93,353
Depreciation
+€121,198
Stocks and contracts
+€469,994
Receivables within one year
+€840,238
Deferred charges and accrued income
+€6,646
Smaller working-capital items
+€392
Trade debts
-€627,359
Tax, wage and social debts
-€141,662
Advances received
-€141,831
Other debts
-€540,326
Investment (derived)
-€50,340
Investment in fixed assets (net)
-€50,340
Financing
-€112,750
Debts after one year
-€47,790
Current portion of long-term debt
-€29,104
Short-term financial debts
-€35,856
Cash 2024
€79,861
brings cash intakes cash out
Every line side by side
| Line | Code | 2023 | 2024 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €3,697,730 | €2,040,841 | -€1.7m | -44.8% |
| Fixed assets | 21/28 | €288,363 | €217,505 | -€70,858 | -24.6% |
| Tangible fixed assets | 22/27 | €288,363 | €217,505 | -€70,858 | -24.6% |
| Land and buildings | 22 | €17,097 | €12,631 | -€4,466 | -26.1% |
| Plant, machinery and equipment | 23 | €31,069 | €33,963 | +€2,894 | +9.3% |
| Furniture and vehicles | 24 | €58,877 | €74,955 | +€16,078 | +27.3% |
| Leasing and similar rights | 25 | €181,320 | €95,956 | -€85,364 | -47.1% |
| Current assets | 29/58 | €3,409,367 | €1,823,336 | -€1.6m | -46.5% |
| Stocks and contracts in progress | 3 | €1,165,931 | €695,937 | -€469,994 | -40.3% |
| Stocks | 30/36 | €489,680 | €382,017 | -€107,663 | -22.0% |
| Raw materials and consumables | 30/31 | €415,001 | - | -€415,001 | |
| Finished goods | 33 | €47,889 | - | -€47,889 | |
| Goods purchased for resale | 34 | €26,790 | - | -€26,790 | |
| Contracts in progress | 37 | €676,251 | €313,920 | -€362,331 | -53.6% |
| Amounts receivable within one year | 40/41 | €1,827,750 | €987,512 | -€840,238 | -46.0% |
| Trade receivables | 40 | €1,749,167 | €987,512 | -€761,655 | -43.5% |
| Other amounts receivable | 41 | €78,583 | - | -€78,583 | |
| Cash at bank and in hand | 54/58 | €349,014 | €79,861 | -€269,153 | -77.1% |
| Deferred charges and accrued income | 490/1 | €66,672 | €60,026 | -€6,646 | -10.0% |
| Total equity and liabilities | 10/49 | €3,697,730 | €2,040,841 | -€1.7m | -44.8% |
| Equity | 10/15 | €598,909 | €505,556 | -€93,353 | -15.6% |
| Contributions | 10/11 | €115,000 | €115,000 | = | 0.0% |
| Capital | 10 | €115,000 | €115,000 | = | 0.0% |
| Issued capital | 100 | €115,000 | €115,000 | = | 0.0% |
| Reserves | 13 | €621,880 | €621,880 | = | 0.0% |
| Non-distributable reserves | 130/1 | €118,875 | €118,875 | = | 0.0% |
| Legal reserve | 130 | €11,500 | €11,500 | = | 0.0% |
| Reserves not available under the articles | 1311 | €107,375 | €107,375 | = | 0.0% |
| Tax-exempt reserves | 132 | €503,005 | €503,005 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€137,971 | -€231,324 | -€93,353 | -67.7% |
| Provisions and deferred taxes | 16 | €2,640 | €3,033 | +€393 | +14.9% |
| Provisions for liabilities and charges | 160/5 | €2,640 | €3,033 | +€393 | +14.9% |
| Pensions and similar obligations | 160 | €2,640 | €3,033 | +€393 | +14.9% |
| Amounts payable | 17/49 | €3,096,181 | €1,532,252 | -€1.6m | -50.5% |
| Amounts payable after more than one year | 17 | €105,299 | €57,509 | -€47,790 | -45.4% |
| Financial debts | 170/4 | €105,299 | €57,509 | -€47,790 | -45.4% |
| Leasing and similar obligations | 172 | €105,299 | - | -€105,299 | |
| Amounts payable within one year | 42/48 | €2,982,081 | €1,465,943 | -€1.5m | -50.8% |
| Current portion of amounts payable after more than one year | 42 | €76,895 | €47,791 | -€29,104 | -37.8% |
| Financial debts | 43 | €35,856 | - | -€35,856 | |
| Credit institutions | 430/8 | €35,856 | - | -€35,856 | |
| Trade debts | 44 | €1,324,858 | €697,499 | -€627,359 | -47.4% |
| Suppliers | 440/4 | €1,324,858 | €697,499 | -€627,359 | -47.4% |
| Advances received on contracts in progress | 46 | €201,849 | €60,018 | -€141,831 | -70.3% |
| Taxes, remuneration and social security | 45 | €335,139 | €193,477 | -€141,662 | -42.3% |
| Taxes | 450/3 | €21,250 | €18,004 | -€3,246 | -15.3% |
| Remuneration and social security | 454/9 | €313,889 | €175,473 | -€138,416 | -44.1% |
| Other amounts payable | 47/48 | €1,007,484 | €467,158 | -€540,326 | -53.6% |
| Accrued charges and deferred income | 492/3 | €8,801 | €8,800 | -€1 | 0.0% |
| Operating income | 70/76A | €9,467,148 | - | -€9.5m | |
| Turnover | 70 | €9,977,090 | - | -€10.0m | |
| Change in stocks of work in progress, finished goods and contracts in progress | 71 | -€572,866 | - | +€572,866 | |
| Other operating income | 74 | €47,598 | - | -€47,598 | |
| Non-recurring operating income | 76A | €15,326 | €850,000 | +€834,674 | +5,446% |
| Operating charges | 60/66A | €9,410,574 | - | -€9.4m | |
| Goods for resale, raw materials and consumables | 60 | €5,662,735 | - | -€5.7m | |
| Purchases | 600/8 | €5,601,507 | - | -€5.6m | |
| Change in stocks: decrease (increase) | 609 | €61,228 | - | -€61,228 | |
| Services and other goods | 61 | €1,648,576 | - | -€1.6m | |
| Remuneration, social security and pensions | 62 | €1,985,550 | €1,637,117 | -€348,433 | -17.5% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €103,940 | €121,198 | +€17,258 | +16.6% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | -€10,807 | -€40,940 | -€30,133 | -279% |
| Provisions for liabilities and charges: additions (uses and reversals) | 635/8 | -€4,721 | - | +€4,721 | |
| Other operating charges | 640/8 | €25,301 | €26,979 | +€1,678 | +6.6% |
| Gross operating margin | 9900 | - | €1,716,396 | +€1.7m | |
| Operating profit (loss) | 9901 | €56,574 | -€27,958 | -€84,532 | |
| Financial income | 75/76B | €46,062 | - | -€46,062 | |
| Recurring financial income | 75 | €46,062 | - | -€46,062 | |
| Income from current assets | 751 | €41,808 | - | -€41,808 | |
| Other financial income | 752/9 | €4,254 | - | -€4,254 | |
| Financial charges | 65/66B | €93,418 | €64,041 | -€29,377 | -31.4% |
| Recurring financial charges | 65 | €93,418 | €64,041 | -€29,377 | -31.4% |
| Debt charges | 650 | €66,036 | - | -€66,036 | |
| Other financial charges | 652/9 | €27,382 | - | -€27,382 | |
| Profit (loss) for the period before taxes | 9903 | €9,218 | -€91,999 | -€101,217 | |
| Income taxes | 67/77 | €1,249 | €1,354 | +€105 | +8.4% |
| Taxes | 670/3 | €1,249 | - | -€1,249 | |
| Profit (loss) for the period | 9904 | €7,969 | -€93,353 | -€101,322 | |
| Profit (loss) for the period to be appropriated | 9905 | €7,969 | -€93,353 | -€101,322 |
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Calculation and sources
Source: filed annual accounts (NBB), financial years ended 31 December 2023 and 31 December 2024. Green is a favourable move for that line, red an unfavourable one. Prepared on 3 November 2026 via checked.be.