HEKKENBOUWER: 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.
HEKKENBOUWER
Largest movements
- Stocks and contracts -€128,632
down €128,632 (-22.4%), from €573,385 to €444,753
- Cash +€72,069
up €72,069 (+32.0%), from €225,336 to €297,404
mainly Stocks and contracts (+€128,632) and Receivables within one year (+€53,958)
- Receivables within one year -€53,958
down €53,958 (-55.7%), from €96,788 to €42,830
of which Trade receivables: -€29,297
- Tangible fixed assets +€16,315
up €16,315 (+21.1%), from €77,490 to €93,806
- Profit (loss) carried forward -€62,477
new in 2025: -€62,477
- Debts after one year -€44,981
down €44,981 (-11.1%), from €404,022 to €359,041
- Gross operating margin -€47,281
down €47,281 (-32.6%), from €144,896 to €97,615
- Staff costs +€28,913
up €28,913 (+27.8%), from €104,138 to €133,051
- Depreciation +€5,318
up €5,318 (+25.0%), from €21,258 to €26,576
- Taxes -€4,170
down €4,170 (-92.7%), from €4,496 to €326
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.
Derived cash bridge
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 | €986,282 | €891,741 | -€94,541 | -9.6% |
| Fixed assets | 21/28 | €77,490 | €93,806 | +€16,315 | +21.1% |
| Tangible fixed assets | 22/27 | €77,490 | €93,806 | +€16,315 | +21.1% |
| Plant, machinery and equipment | 23 | €44,580 | €46,429 | +€1,849 | +4.1% |
| Furniture and vehicles | 24 | €12,075 | €19,337 | +€7,262 | +60.1% |
| Other tangible fixed assets | 26 | €20,835 | €28,040 | +€7,205 | +34.6% |
| Current assets | 29/58 | €908,791 | €797,935 | -€110,856 | -12.2% |
| Stocks and contracts in progress | 3 | €573,385 | €444,753 | -€128,632 | -22.4% |
| Stocks | 30/36 | €573,385 | €444,753 | -€128,632 | -22.4% |
| Amounts receivable within one year | 40/41 | €96,788 | €42,830 | -€53,958 | -55.7% |
| Trade receivables | 40 | €47,227 | €17,929 | -€29,297 | -62.0% |
| Other amounts receivable | 41 | €49,561 | €24,900 | -€24,661 | -49.8% |
| Cash at bank and in hand | 54/58 | €225,336 | €297,404 | +€72,069 | +32.0% |
| Deferred charges and accrued income | 490/1 | €13,283 | €12,948 | -€335 | -2.5% |
| Total equity and liabilities | 10/49 | €986,282 | €891,741 | -€94,541 | -9.6% |
| Equity | 10/15 | €549,900 | €483,436 | -€66,464 | -12.1% |
| Contributions | 10/11 | €20,000 | €20,000 | = | 0.0% |
| Reserves | 13 | €529,900 | €525,913 | -€3,987 | -0.8% |
| Distributable reserves | 133 | €529,900 | €525,913 | -€3,987 | -0.8% |
| Profit (loss) carried forward | 14 | - | -€62,477 | -€62,477 | |
| Amounts payable | 17/49 | €436,381 | €408,305 | -€28,077 | -6.4% |
| Amounts payable after more than one year | 17 | €404,022 | €359,041 | -€44,981 | -11.1% |
| Other amounts payable | 178/9 | €404,022 | €359,041 | -€44,981 | -11.1% |
| Amounts payable within one year | 42/48 | €31,251 | €47,563 | +€16,312 | +52.2% |
| Trade debts | 44 | €14,744 | €21,751 | +€7,007 | +47.5% |
| Suppliers | 440/4 | €14,744 | €21,751 | +€7,007 | +47.5% |
| Advances received on contracts in progress | 46 | - | €475 | +€475 | |
| Taxes, remuneration and social security | 45 | €16,508 | €25,337 | +€8,830 | +53.5% |
| Taxes | 450/3 | €7,344 | €13,691 | +€6,348 | +86.4% |
| Remuneration and social security | 454/9 | €9,164 | €11,646 | +€2,482 | +27.1% |
| Accrued charges and deferred income | 492/3 | €1,108 | €1,700 | +€592 | +53.5% |
| Remuneration, social security and pensions | 62 | €104,138 | €133,051 | +€28,913 | +27.8% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €21,258 | €26,576 | +€5,318 | +25.0% |
| Other operating charges | 640/8 | €7,999 | €8,323 | +€323 | +4.0% |
| Gross operating margin | 9900 | €144,896 | €97,615 | -€47,281 | -32.6% |
| Operating profit (loss) | 9901 | €11,501 | -€70,334 | -€81,835 | |
| Financial income | 75/76B | €3,860 | €4,730 | +€870 | +22.5% |
| Recurring financial income | 75 | €3,860 | €4,730 | +€870 | +22.5% |
| Financial charges | 65/66B | €810 | €534 | -€276 | -34.1% |
| Recurring financial charges | 65 | €810 | €534 | -€276 | -34.1% |
| Profit (loss) for the period before taxes | 9903 | €14,551 | -€66,138 | -€80,689 | |
| Income taxes | 67/77 | €4,496 | €326 | -€4,170 | -92.7% |
| Profit (loss) for the period | 9904 | €10,055 | -€66,464 | -€76,519 | |
| Profit (loss) for the period to be appropriated | 9905 | €10,055 | -€66,464 | -€76,519 |
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 31 October 2026 via checked.be.