HEGGE ID: 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.
HEGGE ID
Largest movements
- Tangible fixed assets -€55,246
down €55,246 (-20.5%), from €270,015 to €214,769
of which Land and buildings: -€41,490
- Cash -€32,250
down €32,250 (-33.8%), from €95,320 to €63,070
mainly Net result for the year (-€121,431) and Trade debts (-€10,339)
- Receivables within one year -€14,532
down €14,532 (-19.4%), from €74,955 to €60,423
of which Trade receivables: -€15,211
- Profit (loss) carried forward -€244,555
no longer reported in 2025 (was €244,555)
- Reserves +€123,125
new in 2025: €123,125
- Debts after one year +€30,484
up €30,484 (+23.3%), from €130,584 to €161,068
of which Other amounts payable: +€161,068
- Trade debts -€10,339
down €10,339 (-29.2%), from €35,428 to €25,089
- Gross operating margin -€129,887
down €129,887 (-88.0%), from €147,518 to €17,631
- Staff costs -€55,291
down €55,291 (-41.8%), from €132,268 to €76,977
- Depreciation -€3,682
down €3,682 (-6.2%), from €59,454 to €55,772
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 | €458,948 | €356,991 | -€101,957 | -22.2% |
| Fixed assets | 21/28 | €273,490 | €218,119 | -€55,371 | -20.2% |
| Tangible fixed assets | 22/27 | €270,015 | €214,769 | -€55,246 | -20.5% |
| Land and buildings | 22 | €245,277 | €203,787 | -€41,490 | -16.9% |
| Plant, machinery and equipment | 23 | €7,111 | €4,441 | -€2,670 | -37.5% |
| Furniture and vehicles | 24 | €17,627 | €6,540 | -€11,087 | -62.9% |
| Financial fixed assets | 28 | €3,475 | €3,350 | -€125 | -3.6% |
| Current assets | 29/58 | €185,458 | €138,873 | -€46,585 | -25.1% |
| Amounts receivable within one year | 40/41 | €74,955 | €60,423 | -€14,532 | -19.4% |
| Trade receivables | 40 | €74,955 | €59,744 | -€15,211 | -20.3% |
| Other amounts receivable | 41 | - | €679 | +€679 | |
| Cash at bank and in hand | 54/58 | €95,320 | €63,070 | -€32,250 | -33.8% |
| Deferred charges and accrued income | 490/1 | €15,183 | €15,380 | +€197 | +1.3% |
| Total equity and liabilities | 10/49 | €458,948 | €356,991 | -€101,957 | -22.2% |
| Equity | 10/15 | €269,555 | €148,125 | -€121,430 | -45.0% |
| Contributions | 10/11 | €25,000 | €25,000 | = | 0.0% |
| Reserves | 13 | - | €123,125 | +€123,125 | |
| Distributable reserves | 133 | - | €123,125 | +€123,125 | |
| Profit (loss) carried forward | 14 | €244,555 | - | -€244,555 | |
| Amounts payable | 17/49 | €189,393 | €208,866 | +€19,473 | +10.3% |
| Amounts payable after more than one year | 17 | €130,584 | €161,068 | +€30,484 | +23.3% |
| Financial debts | 170/4 | €130,584 | - | -€130,584 | |
| Other amounts payable | 178/9 | - | €161,068 | +€161,068 | |
| Amounts payable within one year | 42/48 | €58,809 | €47,798 | -€11,011 | -18.7% |
| Trade debts | 44 | €35,428 | €25,089 | -€10,339 | -29.2% |
| Suppliers | 440/4 | €35,428 | €25,089 | -€10,339 | -29.2% |
| Taxes, remuneration and social security | 45 | €23,381 | €22,709 | -€672 | -2.9% |
| Taxes | 450/3 | €5,943 | €2,079 | -€3,864 | -65.0% |
| Remuneration and social security | 454/9 | €17,438 | €20,630 | +€3,192 | +18.3% |
| Remuneration, social security and pensions | 62 | €132,268 | €76,977 | -€55,291 | -41.8% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €59,454 | €55,772 | -€3,682 | -6.2% |
| Other operating charges | 640/8 | €4,162 | €4,541 | +€379 | +9.1% |
| Gross operating margin | 9900 | €147,518 | €17,631 | -€129,887 | -88.0% |
| Operating profit (loss) | 9901 | -€48,366 | -€119,658 | -€71,292 | -147% |
| Financial income | 75/76B | €682 | €560 | -€122 | -17.8% |
| Recurring financial income | 75 | €622 | €560 | -€62 | -9.9% |
| Non-recurring financial income | 76B | €60 | - | -€60 | |
| Financial charges | 65/66B | €157 | €104 | -€53 | -34.0% |
| Recurring financial charges | 65 | €157 | €104 | -€53 | -34.0% |
| Profit (loss) for the period before taxes | 9903 | -€47,841 | -€119,202 | -€71,361 | -149% |
| Income taxes | 67/77 | €2,023 | €2,229 | +€206 | +10.2% |
| Profit (loss) for the period | 9904 | -€49,864 | -€121,431 | -€71,567 | -144% |
| Profit (loss) for the period to be appropriated | 9905 | -€49,864 | -€121,431 | -€71,567 | -144% |
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 25 October 2026 via checked.be.