HEK-ENG: 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.
HEK-ENG
Largest movements
- Cash +€101,311
up €101,311 (+232.2%), from €43,627 to €144,937
mainly Net result for the year (+€76,473) and Receivables within one year (+€13,746)
- Receivables within one year -€13,746
down €13,746 (-47.2%), from €29,102 to €15,356
of which Trade receivables: -€13,746
- Profit (loss) carried forward +€76,473
up €76,473 (+148.9%), from €51,357 to €127,830
- Tax, wage and social debts +€10,079
up €10,079 (+49.9%), from €20,212 to €30,292
of which Taxes: +€10,139
- Gross operating margin +€32,640
up €32,640 (+49.0%), from €66,628 to €99,267
- Taxes +€7,029
up €7,029 (+51.9%), from €13,550 to €20,579
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 | €77,389 | €163,716 | +€86,327 | +111.6% |
| Fixed assets | 21/28 | €4,660 | €3,422 | -€1,238 | -26.6% |
| Tangible fixed assets | 22/27 | €4,660 | €3,422 | -€1,238 | -26.6% |
| Furniture and vehicles | 24 | €4,660 | €3,422 | -€1,238 | -26.6% |
| Current assets | 29/58 | €72,729 | €160,294 | +€87,565 | +120.4% |
| Amounts receivable within one year | 40/41 | €29,102 | €15,356 | -€13,746 | -47.2% |
| Trade receivables | 40 | €29,040 | €15,294 | -€13,746 | -47.3% |
| Other amounts receivable | 41 | €62 | €62 | = | 0.0% |
| Cash at bank and in hand | 54/58 | €43,627 | €144,937 | +€101,311 | +232.2% |
| Total equity and liabilities | 10/49 | €77,389 | €163,716 | +€86,327 | +111.6% |
| Equity | 10/15 | €53,857 | €130,330 | +€76,473 | +142.0% |
| Contributions | 10/11 | €2,500 | €2,500 | = | 0.0% |
| Contributions outside capital | 11 | €2,500 | €2,500 | = | 0.0% |
| Other | 1109/19 | €2,500 | €2,500 | = | 0.0% |
| Profit (loss) carried forward | 14 | €51,357 | €127,830 | +€76,473 | +148.9% |
| Amounts payable | 17/49 | €23,532 | €33,386 | +€9,854 | +41.9% |
| Amounts payable within one year | 42/48 | €23,532 | €33,386 | +€9,854 | +41.9% |
| Trade debts | 44 | €3,319 | €3,094 | -€225 | -6.8% |
| Suppliers | 440/4 | €3,319 | €3,094 | -€225 | -6.8% |
| Taxes, remuneration and social security | 45 | €20,212 | €30,292 | +€10,079 | +49.9% |
| Taxes | 450/3 | €18,281 | €28,419 | +€10,139 | +55.5% |
| Remuneration and social security | 454/9 | €1,932 | €1,872 | -€60 | -3.1% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €974 | €1,238 | +€264 | +27.1% |
| Other operating charges | 640/8 | €585 | €637 | +€52 | +8.9% |
| Gross operating margin | 9900 | €66,628 | €99,267 | +€32,640 | +49.0% |
| Operating profit (loss) | 9901 | €65,068 | €97,392 | +€32,324 | +49.7% |
| Financial income | 75/76B | - | €61 | +€61 | |
| Recurring financial income | 75 | - | €61 | +€61 | |
| Financial charges | 65/66B | €162 | €401 | +€239 | +147.9% |
| Recurring financial charges | 65 | €162 | €401 | +€239 | +147.9% |
| Profit (loss) for the period before taxes | 9903 | €64,907 | €97,052 | +€32,146 | +49.5% |
| Income taxes | 67/77 | €13,550 | €20,579 | +€7,029 | +51.9% |
| Profit (loss) for the period | 9904 | €51,357 | €76,473 | +€25,116 | +48.9% |
| Profit (loss) for the period to be appropriated | 9905 | €51,357 | €76,473 | +€25,116 | +48.9% |
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.