HEKATON: 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.
HEKATON
Largest movements
- Tangible fixed assets -€89,691
down €89,691 (-6.5%), from €1.4m to €1.3m
of which Land and buildings: -€85,714
- Receivables within one year +€30,919
up €30,919 (+56.0%), from €55,167 to €86,086
- Other debts +€143,185
up €143,185 (+99.4%), from €144,113 to €287,298
- Reserves -€116,379
no longer reported in 2025 (was €116,379)
- Debts after one year -€104,603
down €104,603 (-10.2%), from €1.0m to €922,138
- Tax, wage and social debts +€33,985
up €33,985 (+469.4%), from €7,239 to €41,224
- Gross operating margin +€49,871
up €49,871 (+28.8%), from €173,306 to €223,177
- Taxes +€14,502
up €14,502 (+135.4%), from €10,714 to €25,216
- Financial charges -€6,055
down €6,055 (-20.2%), from €29,972 to €23,918
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 | €1,460,065 | €1,402,397 | -€57,668 | -3.9% |
| Fixed assets | 21/28 | €1,376,603 | €1,286,912 | -€89,691 | -6.5% |
| Tangible fixed assets | 22/27 | €1,376,603 | €1,286,912 | -€89,691 | -6.5% |
| Land and buildings | 22 | €1,362,568 | €1,276,855 | -€85,714 | -6.3% |
| Plant, machinery and equipment | 23 | €14,035 | €10,057 | -€3,977 | -28.3% |
| Current assets | 29/58 | €83,462 | €115,485 | +€32,023 | +38.4% |
| Amounts receivable within one year | 40/41 | €55,167 | €86,086 | +€30,919 | +56.0% |
| Trade receivables | 40 | €55,167 | €86,086 | +€30,919 | +56.0% |
| Cash at bank and in hand | 54/58 | €24,432 | €25,580 | +€1,148 | +4.7% |
| Deferred charges and accrued income | 490/1 | €3,864 | €3,819 | -€44 | -1.1% |
| Total equity and liabilities | 10/49 | €1,460,065 | €1,402,397 | -€57,668 | -3.9% |
| Equity | 10/15 | €134,979 | €18,600 | -€116,379 | -86.2% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €116,379 | - | -€116,379 | |
| Distributable reserves | 133 | €116,379 | - | -€116,379 | |
| Amounts payable | 17/49 | €1,325,086 | €1,383,797 | +€58,711 | +4.4% |
| Amounts payable after more than one year | 17 | €1,026,741 | €922,138 | -€104,603 | -10.2% |
| Financial debts | 170/4 | €1,026,741 | €922,138 | -€104,603 | -10.2% |
| Amounts payable within one year | 42/48 | €267,522 | €434,823 | +€167,300 | +62.5% |
| Current portion of amounts payable after more than one year | 42 | €102,512 | €104,603 | +€2,091 | +2.0% |
| Trade debts | 44 | €13,658 | €1,699 | -€11,960 | -87.6% |
| Suppliers | 440/4 | €13,658 | €1,699 | -€11,960 | -87.6% |
| Taxes, remuneration and social security | 45 | €7,239 | €41,224 | +€33,985 | +469.4% |
| Taxes | 450/3 | €7,239 | €41,224 | +€33,985 | +469.4% |
| Other amounts payable | 47/48 | €144,113 | €287,298 | +€143,185 | +99.4% |
| Accrued charges and deferred income | 492/3 | €30,823 | €26,837 | -€3,987 | -12.9% |
| Non-recurring operating income | 76A | - | €2,143 | +€2,143 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €89,691 | €89,691 | = | 0.0% |
| Other operating charges | 640/8 | €14,698 | €15,120 | +€421 | +2.9% |
| Gross operating margin | 9900 | €173,306 | €223,177 | +€49,871 | +28.8% |
| Operating profit (loss) | 9901 | €68,917 | €118,366 | +€49,450 | +71.8% |
| Financial income | 75/76B | €93 | €36 | -€56 | -60.7% |
| Recurring financial income | 75 | €93 | €36 | -€56 | -60.7% |
| Financial charges | 65/66B | €29,972 | €23,918 | -€6,055 | -20.2% |
| Recurring financial charges | 65 | €29,972 | €23,918 | -€6,055 | -20.2% |
| Profit (loss) for the period before taxes | 9903 | €39,037 | €94,485 | +€55,448 | +142.0% |
| Income taxes | 67/77 | €10,714 | €25,216 | +€14,502 | +135.4% |
| Profit (loss) for the period | 9904 | €28,324 | €69,269 | +€40,946 | +144.6% |
| Profit (loss) for the period to be appropriated | 9905 | €28,324 | €69,269 | +€40,946 | +144.6% |
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 1 October 2026 via checked.be.