HEKA: 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.
HEKA
Largest movements
- Intangible fixed assets -€67,755
no longer reported in 2025 (was €67,755)
- Tangible fixed assets -€51,539
down €51,539 (-9.4%), from €549,984 to €498,445
of which Land and buildings: -€31,222
- Cash +€51,217
up €51,217 (+81.4%), from €62,945 to €114,162
mainly Depreciation (+€158,198) and Short-term financial debts (+€44,355)
- Receivables within one year +€13,679
up €13,679 (+8.9%), from €154,203 to €167,882
of which Trade receivables: +€12,496
- Stocks and contracts +€12,110
up €12,110 (+9.3%), from €130,354 to €142,464
- Reserves -€63,518
down €63,518 (-26.7%), from €237,807 to €174,289
- Short-term financial debts +€44,355
up €44,355 (+147.8%), from €30,000 to €74,355
- Debts after one year -€35,387
down €35,387 (-10.4%), from €339,099 to €303,712
- Trade debts +€24,787
up €24,787 (+36.1%), from €68,606 to €93,392
- Tax, wage and social debts -€20,456
down €20,456 (-16.2%), from €126,340 to €105,884
of which Taxes: -€20,849
- Gross operating margin +€52,106
up €52,106 (+7.1%), from €730,900 to €783,007
- Staff costs +€29,205
up €29,205 (+4.7%), from €625,496 to €654,701
- Depreciation +€15,635
up €15,635 (+11.0%), from €142,563 to €158,198
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 | €972,236 | €929,460 | -€42,776 | -4.4% |
| Fixed assets | 21/28 | €617,739 | €498,445 | -€119,294 | -19.3% |
| Intangible fixed assets | 21 | €67,755 | - | -€67,755 | |
| Tangible fixed assets | 22/27 | €549,984 | €498,445 | -€51,539 | -9.4% |
| Land and buildings | 22 | €296,686 | €265,464 | -€31,222 | -10.5% |
| Plant, machinery and equipment | 23 | €69,915 | €58,689 | -€11,226 | -16.1% |
| Furniture and vehicles | 24 | €5,172 | €23,509 | +€18,337 | +354.6% |
| Leasing and similar rights | 25 | €178,211 | €150,782 | -€27,429 | -15.4% |
| Current assets | 29/58 | €354,498 | €431,015 | +€76,518 | +21.6% |
| Stocks and contracts in progress | 3 | €130,354 | €142,464 | +€12,110 | +9.3% |
| Stocks | 30/36 | €130,354 | €142,464 | +€12,110 | +9.3% |
| Amounts receivable within one year | 40/41 | €154,203 | €167,882 | +€13,679 | +8.9% |
| Trade receivables | 40 | €121,787 | €134,283 | +€12,496 | +10.3% |
| Other amounts receivable | 41 | €32,417 | €33,599 | +€1,182 | +3.6% |
| Cash at bank and in hand | 54/58 | €62,945 | €114,162 | +€51,217 | +81.4% |
| Deferred charges and accrued income | 490/1 | €6,995 | €6,508 | -€487 | -7.0% |
| Total equity and liabilities | 10/49 | €972,236 | €929,460 | -€42,776 | -4.4% |
| Equity | 10/15 | €362,807 | €299,289 | -€63,518 | -17.5% |
| Contributions | 10/11 | €125,000 | €125,000 | = | 0.0% |
| Reserves | 13 | €237,807 | €174,289 | -€63,518 | -26.7% |
| Distributable reserves | 133 | €237,807 | €174,289 | -€63,518 | -26.7% |
| Amounts payable | 17/49 | €609,430 | €630,171 | +€20,741 | +3.4% |
| Amounts payable after more than one year | 17 | €339,099 | €303,712 | -€35,387 | -10.4% |
| Financial debts | 170/4 | €339,099 | €303,712 | -€35,387 | -10.4% |
| Amounts payable within one year | 42/48 | €262,453 | €319,110 | +€56,657 | +21.6% |
| Current portion of amounts payable after more than one year | 42 | €36,464 | €44,396 | +€7,932 | +21.8% |
| Financial debts | 43 | €30,000 | €74,355 | +€44,355 | +147.8% |
| Credit institutions | 430/8 | €30,000 | €74,355 | +€44,355 | +147.8% |
| Trade debts | 44 | €68,606 | €93,392 | +€24,787 | +36.1% |
| Suppliers | 440/4 | €68,606 | €93,392 | +€24,787 | +36.1% |
| Taxes, remuneration and social security | 45 | €126,340 | €105,884 | -€20,456 | -16.2% |
| Taxes | 450/3 | €39,365 | €18,516 | -€20,849 | -53.0% |
| Remuneration and social security | 454/9 | €86,975 | €87,368 | +€393 | +0.5% |
| Other amounts payable | 47/48 | €1,044 | €1,083 | +€40 | +3.8% |
| Accrued charges and deferred income | 492/3 | €7,878 | €7,349 | -€529 | -6.7% |
| Remuneration, social security and pensions | 62 | €625,496 | €654,701 | +€29,205 | +4.7% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €142,563 | €158,198 | +€15,635 | +11.0% |
| Other operating charges | 640/8 | €9,304 | €10,322 | +€1,018 | +10.9% |
| Gross operating margin | 9900 | €730,900 | €783,007 | +€52,106 | +7.1% |
| Operating profit (loss) | 9901 | -€46,463 | -€40,214 | +€6,249 | +13.4% |
| Financial income | 75/76B | €1,151 | €822 | -€329 | -28.6% |
| Recurring financial income | 75 | €1,151 | €822 | -€329 | -28.6% |
| Financial charges | 65/66B | €30,423 | €24,125 | -€6,298 | -20.7% |
| Recurring financial charges | 65 | €30,423 | €24,125 | -€6,298 | -20.7% |
| Profit (loss) for the period before taxes | 9903 | -€75,735 | -€63,518 | +€12,217 | +16.1% |
| Profit (loss) for the period | 9904 | -€75,735 | -€63,518 | +€12,217 | +16.1% |
| Profit (loss) for the period to be appropriated | 9905 | -€75,735 | -€63,518 | +€12,217 | +16.1% |
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.