Héjo Projects: 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.
Héjo Projects
Largest movements
- Receivables within one year +€9,214
up €9,214 (+193.1%), from €4,771 to €13,985
of which Trade receivables: +€10,563
- Cash -€1,357
down €1,357 (-4.8%), from €28,383 to €27,026
mainly Receivables within one year (-€9,214) and Accrued charges and deferred income (-€5)
- Tangible fixed assets -€674
down €674 (-70.2%), from €961 to €286
- Deferred charges and accrued income -€504
down €504 (-92.6%), from €544 to €41
- Reserves +€5,945
up €5,945 (+21.3%), from €27,918 to €33,864
- Gross operating margin -€4,395
down €4,395 (-33.7%), from €13,050 to €8,654
- Taxes -€1,090
down €1,090 (-35.3%), from €3,084 to €1,994
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 | €34,660 | €41,339 | +€6,679 | +19.3% |
| Fixed assets | 21/28 | €961 | €286 | -€674 | -70.2% |
| Tangible fixed assets | 22/27 | €961 | €286 | -€674 | -70.2% |
| Furniture and vehicles | 24 | €961 | €286 | -€674 | -70.2% |
| Current assets | 29/58 | €33,699 | €41,052 | +€7,353 | +21.8% |
| Amounts receivable within one year | 40/41 | €4,771 | €13,985 | +€9,214 | +193.1% |
| Trade receivables | 40 | - | €10,563 | +€10,563 | |
| Other amounts receivable | 41 | €4,771 | €3,422 | -€1,350 | -28.3% |
| Cash at bank and in hand | 54/58 | €28,383 | €27,026 | -€1,357 | -4.8% |
| Deferred charges and accrued income | 490/1 | €544 | €41 | -€504 | -92.6% |
| Total equity and liabilities | 10/49 | €34,660 | €41,339 | +€6,679 | +19.3% |
| Equity | 10/15 | €30,918 | €36,864 | +€5,945 | +19.2% |
| Contributions | 10/11 | €3,000 | €3,000 | = | 0.0% |
| Reserves | 13 | €27,918 | €33,864 | +€5,945 | +21.3% |
| Distributable reserves | 133 | €27,918 | €33,864 | +€5,945 | +21.3% |
| Amounts payable | 17/49 | €3,742 | €4,475 | +€733 | +19.6% |
| Amounts payable within one year | 42/48 | €3,737 | €4,475 | +€738 | +19.7% |
| Trade debts | 44 | - | €398 | +€398 | |
| Suppliers | 440/4 | - | €398 | +€398 | |
| Taxes, remuneration and social security | 45 | €2,409 | €2,748 | +€340 | +14.1% |
| Taxes | 450/3 | €2,409 | €2,748 | +€340 | +14.1% |
| Other amounts payable | 47/48 | €1,328 | €1,328 | = | 0.0% |
| Accrued charges and deferred income | 492/3 | €5 | - | -€5 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €674 | €674 | = | 0.0% |
| Gross operating margin | 9900 | €13,050 | €8,654 | -€4,395 | -33.7% |
| Operating profit (loss) | 9901 | €12,375 | €7,980 | -€4,395 | -35.5% |
| Financial charges | 65/66B | €39 | €40 | +€1 | +3.5% |
| Recurring financial charges | 65 | €39 | €40 | +€1 | +3.5% |
| Profit (loss) for the period before taxes | 9903 | €12,336 | €7,940 | -€4,397 | -35.6% |
| Income taxes | 67/77 | €3,084 | €1,994 | -€1,090 | -35.3% |
| Profit (loss) for the period | 9904 | €9,252 | €5,945 | -€3,307 | -35.7% |
| Profit (loss) for the period to be appropriated | 9905 | €9,252 | €5,945 | -€3,307 | -35.7% |
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 28 September 2026 via checked.be.