HEIN VERA: 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.
HEIN VERA
Largest movements
- Stocks and contracts +€67,811
up €67,811 (+26.4%), from €257,189 to €325,000
- Cash +€25,407
up €25,407 (+33.5%), from €75,883 to €101,289
mainly Net result for the year (+€129,615) and Depreciation (+€40,965)
- Tangible fixed assets -€21,947
down €21,947 (-13.4%), from €163,768 to €141,821
of which Furniture and vehicles: -€18,072
- Profit (loss) carried forward +€129,615
up €129,615 (+77.8%), from €166,680 to €296,295
- Debts after one year -€35,266
down €35,266 (-30.9%), from €113,960 to €78,694
- Other debts -€16,240
down €16,240 (-13.9%), from €116,737 to €100,497
- Trade debts -€15,565
down €15,565 (-78.9%), from €19,728 to €4,163
- Tax, wage and social debts +€11,571
up €11,571 (+35.4%), from €32,670 to €44,241
of which Taxes: +€11,571
- Gross operating margin +€83,660
up €83,660 (+37.2%), from €224,973 to €308,633
- Staff costs +€41,001
up €41,001 (+96.2%), from €42,611 to €83,612
- Depreciation +€11,370
up €11,370 (+38.4%), from €29,595 to €40,965
- Taxes +€8,427
up €8,427 (+23.9%), from €35,293 to €43,720
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 | €496,840 | €572,624 | +€75,784 | +15.3% |
| Fixed assets | 21/28 | €163,768 | €141,821 | -€21,947 | -13.4% |
| Tangible fixed assets | 22/27 | €163,768 | €141,821 | -€21,947 | -13.4% |
| Plant, machinery and equipment | 23 | €77,252 | €73,377 | -€3,875 | -5.0% |
| Furniture and vehicles | 24 | €86,516 | €68,445 | -€18,072 | -20.9% |
| Current assets | 29/58 | €333,072 | €430,802 | +€97,731 | +29.3% |
| Stocks and contracts in progress | 3 | €257,189 | €325,000 | +€67,811 | +26.4% |
| Stocks | 30/36 | €257,189 | €325,000 | +€67,811 | +26.4% |
| Amounts receivable within one year | 40/41 | €0 | €4,513 | +€4,513 | |
| Trade receivables | 40 | - | €4,513 | +€4,513 | |
| Other amounts receivable | 41 | €0 | - | = | |
| Cash at bank and in hand | 54/58 | €75,883 | €101,289 | +€25,407 | +33.5% |
| Total equity and liabilities | 10/49 | €496,840 | €572,624 | +€75,784 | +15.3% |
| Equity | 10/15 | €171,680 | €301,295 | +€129,615 | +75.5% |
| Contributions | 10/11 | €5,000 | €5,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | €166,680 | €296,295 | +€129,615 | +77.8% |
| Amounts payable | 17/49 | €325,160 | €271,328 | -€53,831 | -16.6% |
| Amounts payable after more than one year | 17 | €113,960 | €78,694 | -€35,266 | -30.9% |
| Financial debts | 170/4 | €113,960 | €78,694 | -€35,266 | -30.9% |
| Amounts payable within one year | 42/48 | €211,200 | €192,634 | -€18,566 | -8.8% |
| Current portion of amounts payable after more than one year | 42 | €42,064 | €43,732 | +€1,668 | +4.0% |
| Trade debts | 44 | €19,728 | €4,163 | -€15,565 | -78.9% |
| Suppliers | 440/4 | €19,728 | €4,163 | -€15,565 | -78.9% |
| Taxes, remuneration and social security | 45 | €32,670 | €44,241 | +€11,571 | +35.4% |
| Taxes | 450/3 | €32,670 | €44,241 | +€11,571 | +35.4% |
| Remuneration and social security | 454/9 | €0 | - | = | |
| Other amounts payable | 47/48 | €116,737 | €100,497 | -€16,240 | -13.9% |
| Remuneration, social security and pensions | 62 | €42,611 | €83,612 | +€41,001 | +96.2% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €29,595 | €40,965 | +€11,370 | +38.4% |
| Other operating charges | 640/8 | €2,222 | €2,543 | +€321 | +14.4% |
| Gross operating margin | 9900 | €224,973 | €308,633 | +€83,660 | +37.2% |
| Operating profit (loss) | 9901 | €150,545 | €181,514 | +€30,968 | +20.6% |
| Financial income | 75/76B | €752 | €33 | -€719 | -95.6% |
| Recurring financial income | 75 | €752 | €33 | -€719 | -95.6% |
| Financial charges | 65/66B | €7,349 | €8,212 | +€863 | +11.7% |
| Recurring financial charges | 65 | €7,349 | €8,212 | +€863 | +11.7% |
| Profit (loss) for the period before taxes | 9903 | €143,948 | €173,335 | +€29,387 | +20.4% |
| Income taxes | 67/77 | €35,293 | €43,720 | +€8,427 | +23.9% |
| Profit (loss) for the period | 9904 | €108,655 | €129,615 | +€20,960 | +19.3% |
| Profit (loss) for the period to be appropriated | 9905 | €108,655 | €129,615 | +€20,960 | +19.3% |
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 14 October 2026 via checked.be.