hekkens: 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.
hekkens
Largest movements
- Tangible fixed assets +€489,198
up €489,198 (+48.4%), from €1.0m to €1.5m
of which Land and buildings: +€544,356
- Cash +€159,510
up €159,510 (+2,975%), from €5,362 to €164,872
mainly Other debts (+€468,252) and Debts after one year (+€285,386)
- Receivables within one year -€23,046
down €23,046 (-56.3%), from €40,955 to €17,909
of which Trade receivables: -€21,318
- Other debts +€468,252
up €468,252 (+218%), from €214,532 to €682,784
- Debts after one year +€285,386
up €285,386 (+35.7%), from €800,390 to €1.1m
of which Financial debts: +€285,386
- Profit (loss) carried forward -€144,491
new in 2025: -€144,491
- Gross operating margin -€90,492
down €90,492 (-64.6%), from €140,090 to €49,598
- Other operating charges +€65,231
up €65,231 (+844%), from €7,732 to €72,963
- Depreciation -€12,168
down €12,168 (-11.1%), from €109,472 to €97,304
- Financial charges +€1,964
up €1,964 (+8.9%), from €22,062 to €24,026
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 | €1,241,032 | €1,853,943 | +€612,911 | +49.4% |
| Fixed assets | 21/28 | €1,011,468 | €1,500,666 | +€489,198 | +48.4% |
| Tangible fixed assets | 22/27 | €1,011,372 | €1,500,570 | +€489,198 | +48.4% |
| Land and buildings | 22 | €865,838 | €1,410,194 | +€544,356 | +62.9% |
| Plant, machinery and equipment | 23 | €30,416 | €19,053 | -€11,364 | -37.4% |
| Furniture and vehicles | 24 | €101,679 | €60,705 | -€40,974 | -40.3% |
| Leasing and similar rights | 25 | €0 | - | = | |
| Other tangible fixed assets | 26 | €13,439 | €10,618 | -€2,821 | -21.0% |
| Financial fixed assets | 28 | €96 | €96 | = | 0.0% |
| Current assets | 29/58 | €229,564 | €353,277 | +€123,713 | +53.9% |
| Stocks and contracts in progress | 3 | €177,337 | €163,107 | -€14,231 | -8.0% |
| Stocks | 30/36 | €177,337 | €163,107 | -€14,231 | -8.0% |
| Amounts receivable within one year | 40/41 | €40,955 | €17,909 | -€23,046 | -56.3% |
| Trade receivables | 40 | €24,422 | €3,104 | -€21,318 | -87.3% |
| Other amounts receivable | 41 | €16,534 | €14,805 | -€1,728 | -10.5% |
| Cash at bank and in hand | 54/58 | €5,362 | €164,872 | +€159,510 | +2,975% |
| Deferred charges and accrued income | 490/1 | €5,909 | €7,389 | +€1,480 | +25.0% |
| Total equity and liabilities | 10/49 | €1,241,032 | €1,853,943 | +€612,911 | +49.4% |
| Equity | 10/15 | €127,832 | -€16,659 | -€144,491 | |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €109,232 | €109,232 | = | 0.0% |
| Non-distributable reserves | 130/1 | €0 | - | = | |
| Reserves not available under the articles | 1311 | €0 | - | = | |
| Distributable reserves | 133 | €109,232 | €109,232 | = | 0.0% |
| Profit (loss) carried forward | 14 | - | -€144,491 | -€144,491 | |
| Amounts payable | 17/49 | €1,113,200 | €1,870,601 | +€757,402 | +68.0% |
| Amounts payable after more than one year | 17 | €800,390 | €1,085,775 | +€285,386 | +35.7% |
| Financial debts | 170/4 | €606,740 | €892,125 | +€285,386 | +47.0% |
| Other amounts payable | 178/9 | €193,650 | €193,650 | = | 0.0% |
| Amounts payable within one year | 42/48 | €302,383 | €778,043 | +€475,660 | +157% |
| Current portion of amounts payable after more than one year | 42 | €72,987 | €90,099 | +€17,113 | +23.4% |
| Trade debts | 44 | €11,284 | €2,547 | -€8,737 | -77.4% |
| Suppliers | 440/4 | €11,284 | €2,547 | -€8,737 | -77.4% |
| Advances received on contracts in progress | 46 | €0 | - | = | |
| Taxes, remuneration and social security | 45 | €3,580 | €2,612 | -€968 | -27.0% |
| Taxes | 450/3 | €3,580 | €2,612 | -€968 | -27.0% |
| Other amounts payable | 47/48 | €214,532 | €682,784 | +€468,252 | +218% |
| Accrued charges and deferred income | 492/3 | €10,428 | €6,783 | -€3,644 | -34.9% |
| Non-recurring operating income | 76A | €18,682 | €21,296 | +€2,614 | +14.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €109,472 | €97,304 | -€12,168 | -11.1% |
| Other operating charges | 640/8 | €7,732 | €72,963 | +€65,231 | +844% |
| Non-recurring operating charges | 66A | €0 | €1,588 | +€1,588 | |
| Gross operating margin | 9900 | €140,090 | €49,598 | -€90,492 | -64.6% |
| Operating profit (loss) | 9901 | €22,886 | -€122,257 | -€145,143 | |
| Financial income | 75/76B | €768 | €2,026 | +€1,258 | +164% |
| Recurring financial income | 75 | €768 | €2,026 | +€1,258 | +164% |
| Financial charges | 65/66B | €22,062 | €24,026 | +€1,964 | +8.9% |
| Recurring financial charges | 65 | €22,062 | €24,026 | +€1,964 | +8.9% |
| Profit (loss) for the period before taxes | 9903 | €1,592 | -€144,256 | -€145,849 | |
| Income taxes | 67/77 | €1,517 | €234 | -€1,282 | -84.5% |
| Profit (loss) for the period | 9904 | €75 | -€144,491 | -€144,566 | |
| Profit (loss) for the period to be appropriated | 9905 | €75 | -€144,491 | -€144,566 |
Source: filed annual accounts (NBB), financial years ended 31 March 2024 and 31 March 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 19 October 2026 via checked.be.