HEGRYCON: 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.
HEGRYCON
Largest movements
- Tangible fixed assets -€12,791
down €12,791 (-4.7%), from €273,601 to €260,809
- Deferred charges and accrued income +€4,128
up €4,128 (+72.6%), from €5,682 to €9,810
- Debts after one year -€12,896
down €12,896 (-21.8%), from €59,108 to €46,212
- Other debts +€7,000
up €7,000 (+2.8%), from €252,236 to €259,236
- Gross operating margin -€3,086
down €3,086 (-12.0%), from €25,712 to €22,626
- Financial charges -€1,362
down €1,362 (-43.4%), from €3,142 to €1,780
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 | €282,429 | €274,131 | -€8,298 | -2.9% |
| Fixed assets | 21/28 | €273,601 | €260,809 | -€12,791 | -4.7% |
| Tangible fixed assets | 22/27 | €273,601 | €260,809 | -€12,791 | -4.7% |
| Land and buildings | 22 | €273,601 | €260,809 | -€12,791 | -4.7% |
| Current assets | 29/58 | €8,828 | €13,322 | +€4,494 | +50.9% |
| Amounts receivable within one year | 40/41 | €115 | €1,514 | +€1,399 | +1216.4% |
| Trade receivables | 40 | - | €1,399 | +€1,399 | |
| Other amounts receivable | 41 | €115 | €115 | = | 0.0% |
| Cash at bank and in hand | 54/58 | €3,031 | €1,998 | -€1,033 | -34.1% |
| Deferred charges and accrued income | 490/1 | €5,682 | €9,810 | +€4,128 | +72.6% |
| Total equity and liabilities | 10/49 | €282,429 | €274,131 | -€8,298 | -2.9% |
| Equity | 10/15 | -€51,629 | -€51,494 | +€135 | +0.3% |
| Contributions | 10/11 | €80,000 | €80,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€131,629 | -€131,494 | +€135 | +0.1% |
| Amounts payable | 17/49 | €334,058 | €325,625 | -€8,433 | -2.5% |
| Amounts payable after more than one year | 17 | €59,108 | €46,212 | -€12,896 | -21.8% |
| Financial debts | 170/4 | €59,108 | €46,212 | -€12,896 | -21.8% |
| Amounts payable within one year | 42/48 | €273,855 | €278,892 | +€5,038 | +1.8% |
| Current portion of amounts payable after more than one year | 42 | €12,896 | €12,896 | = | 0.0% |
| Trade debts | 44 | €8,612 | €6,650 | -€1,962 | -22.8% |
| Suppliers | 440/4 | €8,612 | €6,650 | -€1,962 | -22.8% |
| Taxes, remuneration and social security | 45 | €111 | €111 | = | 0.0% |
| Taxes | 450/3 | €111 | €111 | = | 0.0% |
| Other amounts payable | 47/48 | €252,236 | €259,236 | +€7,000 | +2.8% |
| Accrued charges and deferred income | 492/3 | €1,095 | €520 | -€575 | -52.5% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €15,404 | €15,647 | +€243 | +1.6% |
| Other operating charges | 640/8 | €5,016 | €5,064 | +€49 | +1.0% |
| Non-recurring operating charges | 66A | €1,742 | €0 | -€1,742 | -100.0% |
| Gross operating margin | 9900 | €25,712 | €22,626 | -€3,086 | -12.0% |
| Operating profit (loss) | 9901 | €3,550 | €1,915 | -€1,635 | -46.1% |
| Financial charges | 65/66B | €3,142 | €1,780 | -€1,362 | -43.4% |
| Recurring financial charges | 65 | €3,142 | €1,780 | -€1,362 | -43.4% |
| Profit (loss) for the period before taxes | 9903 | €409 | €135 | -€273 | -66.9% |
| Income taxes | 67/77 | €111 | €0 | -€111 | -100.0% |
| Profit (loss) for the period | 9904 | €297 | €135 | -€162 | -54.5% |
| Profit (loss) for the period to be appropriated | 9905 | €297 | €135 | -€162 | -54.5% |
Source: filed annual accounts (NBB), fiscal years ended 31 December 2024 and 31 December 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 6 October 2026 via checked.be.