HEJOR: 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.
HEJOR
Largest movements
- Tangible fixed assets -€6,233
down €6,233 (-84.6%), from €7,368 to €1,134
- Cash -€4,095
down €4,095 (-11.4%), from €35,929 to €31,835
mainly Contributions, distributions and other (-€57,782) and Tax, wage and social debts (-€1,592)
- Deferred charges and accrued income -€1,239
down €1,239 (-52.5%), from €2,362 to €1,123
- Receivables within one year -€1,074
down €1,074 (-5.1%), from €21,090 to €20,016
of which Trade receivables: -€935
- Reserves -€57,782
no longer reported in 2025 (was €57,782)
- Other debts +€32,723
up €32,723 (+2321.7%), from €1,409 to €34,133
- Profit (loss) carried forward +€14,956
new in 2025: €14,956
- Tax, wage and social debts -€1,592
down €1,592 (-30.3%), from €5,245 to €3,653
- Trade debts -€946
down €946 (-72.1%), from €1,313 to €367
- Depreciation -€2,326
down €2,326 (-27.2%), from €8,559 to €6,233
- Gross operating margin -€1,365
down €1,365 (-5.1%), from €26,778 to €25,414
- Taxes -€1,279
down €1,279 (-25.2%), from €5,079 to €3,800
- Financial income -€398
down €398 (-44.2%), from €901 to €503
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 | €66,750 | €54,108 | -€12,641 | -18.9% |
| Fixed assets | 21/28 | €7,368 | €1,134 | -€6,233 | -84.6% |
| Tangible fixed assets | 22/27 | €7,368 | €1,134 | -€6,233 | -84.6% |
| Furniture and vehicles | 24 | €7,368 | €1,134 | -€6,233 | -84.6% |
| Current assets | 29/58 | €59,382 | €52,974 | -€6,408 | -10.8% |
| Amounts receivable within one year | 40/41 | €21,090 | €20,016 | -€1,074 | -5.1% |
| Trade receivables | 40 | €5,751 | €4,816 | -€935 | -16.3% |
| Other amounts receivable | 41 | €15,339 | €15,200 | -€139 | -0.9% |
| Cash at bank and in hand | 54/58 | €35,929 | €31,835 | -€4,095 | -11.4% |
| Deferred charges and accrued income | 490/1 | €2,362 | €1,123 | -€1,239 | -52.5% |
| Total equity and liabilities | 10/49 | €66,750 | €54,108 | -€12,641 | -18.9% |
| Equity | 10/15 | €58,782 | €15,956 | -€42,827 | -72.9% |
| Contributions | 10/11 | €1,000 | €1,000 | = | 0.0% |
| Reserves | 13 | €57,782 | - | -€57,782 | |
| Distributable reserves | 133 | €57,782 | - | -€57,782 | |
| Profit (loss) carried forward | 14 | - | €14,956 | +€14,956 | |
| Amounts payable | 17/49 | €7,968 | €38,153 | +€30,185 | +378.9% |
| Amounts payable within one year | 42/48 | €7,968 | €38,153 | +€30,185 | +378.9% |
| Trade debts | 44 | €1,313 | €367 | -€946 | -72.1% |
| Suppliers | 440/4 | €1,313 | €367 | -€946 | -72.1% |
| Taxes, remuneration and social security | 45 | €5,245 | €3,653 | -€1,592 | -30.3% |
| Taxes | 450/3 | €5,245 | €3,653 | -€1,592 | -30.3% |
| Other amounts payable | 47/48 | €1,409 | €34,133 | +€32,723 | +2321.7% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €8,559 | €6,233 | -€2,326 | -27.2% |
| Other operating charges | 640/8 | €1,005 | €784 | -€221 | -22.0% |
| Gross operating margin | 9900 | €26,778 | €25,414 | -€1,365 | -5.1% |
| Operating profit (loss) | 9901 | €17,214 | €18,397 | +€1,182 | +6.9% |
| Financial income | 75/76B | €901 | €503 | -€398 | -44.2% |
| Recurring financial income | 75 | €901 | €503 | -€398 | -44.2% |
| Financial charges | 65/66B | €51 | €145 | +€94 | +183.5% |
| Recurring financial charges | 65 | €51 | €145 | +€94 | +183.5% |
| Profit (loss) for the period before taxes | 9903 | €18,064 | €18,755 | +€691 | +3.8% |
| Income taxes | 67/77 | €5,079 | €3,800 | -€1,279 | -25.2% |
| Profit (loss) for the period | 9904 | €12,985 | €14,956 | +€1,970 | +15.2% |
| Profit (loss) for the period to be appropriated | 9905 | €12,985 | €14,956 | +€1,970 | +15.2% |
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 10 October 2026 via checked.be.