HEJJ: 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.
What changed
HEJJ
NACE 31.002, Manufacture of furniture
financial year 2025 compared with 2024filed annual accounts (NBB)
Net result for the year
-€46,770
2024 · -€136,329+€89,559
Equity
-€22,950
2024 · €23,821-€46,770
Cash
€84,974
2024 · -+€84,974
Balance sheet total
€2.5m
2024 · €2.6m-€55,207
Largest movements
Assets
- Tangible fixed assets -€125,420
down €125,420 (-10.3%), from €1.2m to €1.1m
of which Land and buildings: -€91,929
- Cash +€84,974
new in 2025: €84,974
mainly Current portion of long-term debt (+€242,708) and Depreciation (+€162,131)
- Stocks and contracts +€51,767
up €51,767 (+5.1%), from €1.0m to €1.1m
- Receivables within one year -€39,868
down €39,868 (-15.4%), from €258,395 to €218,528
of which Trade receivables: -€38,072
Equity and liabilities
- Current portion of long-term debt +€242,708
up €242,708 (+132%), from €183,823 to €426,531
- Debts after one year -€179,572
down €179,572 (-16.4%), from €1.1m to €914,912
- Short-term financial debts -€65,568
no longer reported in 2025 (was €65,568)
- Tax, wage and social debts -€54,075
down €54,075 (-27.5%), from €196,825 to €142,750
of which Remuneration and social security: -€39,450
- Profit (loss) carried forward -€46,770
down €46,770 (-277%), from -€16,879 to -€63,650
Income statement
- Gross operating margin +€112,937
up €112,937 (+11.3%), from €996,985 to €1.1m
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.
Result 2024
-€136,329
Gross operating margin
+€112,937
Staff costs
+€16,316
Depreciation
-€10,529
Other operating charges
+€8,770
Financial income
-€199
Financial charges
-€11,867
Taxes
-€25,868
Result 2025
-€46,770
raises the resultlowers the result
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.
From operations
+€103,256
Investment
-€15,850
Financing
-€2,432
Cash 2024
€0
From operations (derived)
+€103,256
Net result for the year
-€46,770
Depreciation
+€162,131
Stocks and contracts
-€51,767
Receivables within one year
+€39,868
Deferred charges and accrued income
+€5,799
Trade debts
+€11,934
Tax, wage and social debts
-€54,075
Advances received
+€38,632
Accrued charges and deferred income
-€2,495
Investment (derived)
-€15,850
Investment in fixed assets (net)
-€15,850
Financing
-€2,432
Debts after one year
-€179,572
Current portion of long-term debt
+€242,708
Short-term financial debts
-€65,568
Cash 2025
€84,974
brings cash intakes cash out
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €2,564,292 | €2,509,085 | -€55,207 | -2.2% |
| Fixed assets | 21/28 | €1,264,234 | €1,117,953 | -€146,281 | -11.6% |
| Intangible fixed assets | 21 | €47,568 | €26,708 | -€20,860 | -43.9% |
| Tangible fixed assets | 22/27 | €1,216,347 | €1,090,927 | -€125,420 | -10.3% |
| Land and buildings | 22 | €1,027,450 | €935,521 | -€91,929 | -8.9% |
| Plant, machinery and equipment | 23 | €21,040 | €10,216 | -€10,823 | -51.4% |
| Furniture and vehicles | 24 | €13,322 | €7,429 | -€5,893 | -44.2% |
| Other tangible fixed assets | 26 | €154,536 | €137,761 | -€16,775 | -10.9% |
| Financial fixed assets | 28 | €319 | €319 | = | 0.0% |
| Current assets | 29/58 | €1,300,059 | €1,391,132 | +€91,074 | +7.0% |
| Stocks and contracts in progress | 3 | €1,012,106 | €1,063,872 | +€51,767 | +5.1% |
| Stocks | 30/36 | €1,012,106 | €1,063,872 | +€51,767 | +5.1% |
| Amounts receivable within one year | 40/41 | €258,395 | €218,528 | -€39,868 | -15.4% |
| Trade receivables | 40 | €255,584 | €217,513 | -€38,072 | -14.9% |
| Other amounts receivable | 41 | €2,811 | €1,015 | -€1,796 | -63.9% |
| Cash at bank and in hand | 54/58 | - | €84,974 | +€84,974 | |
| Deferred charges and accrued income | 490/1 | €29,558 | €23,758 | -€5,799 | -19.6% |
| Total equity and liabilities | 10/49 | €2,564,292 | €2,509,085 | -€55,207 | -2.2% |
| Equity | 10/15 | €23,821 | -€22,950 | -€46,770 | |
| Contributions | 10/11 | €37,000 | €37,000 | = | 0.0% |
| Capital | 10 | €37,000 | €37,000 | = | 0.0% |
| Issued capital | 100 | €37,000 | €37,000 | = | 0.0% |
| Reserves | 13 | €3,700 | €3,700 | = | 0.0% |
| Non-distributable reserves | 130/1 | €3,700 | €3,700 | = | 0.0% |
| Legal reserve | 130 | €3,700 | €3,700 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€16,879 | -€63,650 | -€46,770 | -277% |
| Amounts payable | 17/49 | €2,540,472 | €2,532,035 | -€8,437 | -0.3% |
| Amounts payable after more than one year | 17 | €1,094,484 | €914,912 | -€179,572 | -16.4% |
| Financial debts | 170/4 | €1,094,484 | €914,912 | -€179,572 | -16.4% |
| Amounts payable within one year | 42/48 | €1,437,614 | €1,611,244 | +€173,630 | +12.1% |
| Current portion of amounts payable after more than one year | 42 | €183,823 | €426,531 | +€242,708 | +132% |
| Financial debts | 43 | €65,568 | - | -€65,568 | |
| Credit institutions | 430/8 | €65,568 | - | -€65,568 | |
| Trade debts | 44 | €227,295 | €239,228 | +€11,934 | +5.3% |
| Suppliers | 440/4 | €227,295 | €239,228 | +€11,934 | +5.3% |
| Advances received on contracts in progress | 46 | €764,103 | €802,735 | +€38,632 | +5.1% |
| Taxes, remuneration and social security | 45 | €196,825 | €142,750 | -€54,075 | -27.5% |
| Taxes | 450/3 | €73,282 | €58,657 | -€14,625 | -20.0% |
| Remuneration and social security | 454/9 | €123,544 | €84,093 | -€39,450 | -31.9% |
| Accrued charges and deferred income | 492/3 | €8,374 | €5,878 | -€2,495 | -29.8% |
| Turnover | 70 | €5,174,610 | €5,214,716 | +€40,106 | +0.8% |
| Non-recurring operating income | 76A | €22,310 | - | -€22,310 | |
| Goods, raw materials, services and sundry goods | 60/61 | €4,345,980 | €4,308,328 | -€37,652 | -0.9% |
| Remuneration, social security and pensions | 62 | €972,856 | €956,540 | -€16,316 | -1.7% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €151,601 | €162,131 | +€10,529 | +6.9% |
| Other operating charges | 640/8 | €24,848 | €16,077 | -€8,770 | -35.3% |
| Gross operating margin | 9900 | €996,985 | €1,109,922 | +€112,937 | +11.3% |
| Operating profit (loss) | 9901 | -€152,320 | -€24,826 | +€127,494 | +83.7% |
| Financial income | 75/76B | €57,450 | €57,251 | -€199 | -0.3% |
| Recurring financial income | 75 | €57,450 | €57,251 | -€199 | -0.3% |
| Financial charges | 65/66B | €41,459 | €53,327 | +€11,867 | +28.6% |
| Recurring financial charges | 65 | €41,459 | €48,714 | +€7,255 | +17.5% |
| Non-recurring financial charges | 66B | - | €4,613 | +€4,613 | |
| Profit (loss) for the period before taxes | 9903 | -€136,329 | -€20,902 | +€115,427 | +84.7% |
| Income taxes | 67/77 | - | €25,868 | +€25,868 | |
| Profit (loss) for the period | 9904 | -€136,329 | -€46,770 | +€89,559 | +65.7% |
| Profit (loss) for the period to be appropriated | 9905 | -€136,329 | -€46,770 | +€89,559 | +65.7% |
Source: filed annual accounts (NBB), financial years ended 30 September 2024 and 30 September 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 30 October 2026 via checked.be.