HEKLA: 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.
HEKLA
Largest movements
- Financial fixed assets +€138,300
up €138,300 (+942.4%), from €14,675 to €152,975
- Receivables within one year +€37,347
up €37,347 (+97.6%), from €38,273 to €75,620
of which Other amounts receivable: +€28,025
- Tangible fixed assets -€31,595
down €31,595 (-1.8%), from €1.8m to €1.8m
of which Land and buildings: -€41,027
- Reserves +€1.2m
up €1.2m (+9677.4%), from €12,400 to €1.2m
of which Distributable reserves: +€1.2m
- Profit (loss) carried forward -€1.1m
down €1.1m (-99.9%), from €1.1m to €997
- Debts after one year +€50,539
up €50,539 (+13.9%), from €363,336 to €413,875
of which Financial debts: +€49,339
- Current portion of long-term debt +€26,310
new in 2024: €26,310
- Financial charges +€8,516
up €8,516 (+1285.7%), from €662 to €9,178
- Taxes -€5,850
down €5,850 (-16.0%), from €36,520 to €30,670
- Depreciation +€5,509
up €5,509 (+39.5%), from €13,949 to €19,459
- Other operating charges -€4,046
down €4,046 (-17.8%), from €22,790 to €18,744
From the 2023 result to the 2024 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 2023 and 2024 balance sheets and the 2024 result: not a filed cash-flow statement. It shows where the money came from and went.
Every line side by side
| Line | Code | 2023 | 2024 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €1,855,233 | €2,010,218 | +€154,985 | +8.4% |
| Fixed assets | 21/28 | €1,807,608 | €1,914,313 | +€106,705 | +5.9% |
| Tangible fixed assets | 22/27 | €1,792,933 | €1,761,338 | -€31,595 | -1.8% |
| Land and buildings | 22 | €1,741,173 | €1,700,146 | -€41,027 | -2.4% |
| Plant, machinery and equipment | 23 | €5,080 | €3,995 | -€1,085 | -21.4% |
| Other tangible fixed assets | 26 | €46,680 | €57,196 | +€10,517 | +22.5% |
| Financial fixed assets | 28 | €14,675 | €152,975 | +€138,300 | +942.4% |
| Current assets | 29/58 | €47,626 | €95,906 | +€48,280 | +101.4% |
| Amounts receivable within one year | 40/41 | €38,273 | €75,620 | +€37,347 | +97.6% |
| Trade receivables | 40 | €538 | €9,861 | +€9,323 | +1733.0% |
| Other amounts receivable | 41 | €37,735 | €65,760 | +€28,025 | +74.3% |
| Cash at bank and in hand | 54/58 | €7,758 | €14,734 | +€6,976 | +89.9% |
| Deferred charges and accrued income | 490/1 | €1,594 | €5,551 | +€3,957 | +248.3% |
| Total equity and liabilities | 10/49 | €1,855,233 | €2,010,218 | +€154,985 | +8.4% |
| Equity | 10/15 | €1,250,167 | €1,337,397 | +€87,230 | +7.0% |
| Contributions | 10/11 | €124,000 | €124,000 | = | 0.0% |
| Capital | 10 | €124,000 | €124,000 | = | 0.0% |
| Issued capital | 100 | €124,000 | €124,000 | = | 0.0% |
| Reserves | 13 | €12,400 | €1,212,400 | +€1.2m | +9677.4% |
| Non-distributable reserves | 130/1 | €12,400 | €12,400 | = | 0.0% |
| Legal reserve | 130 | €12,400 | €12,400 | = | 0.0% |
| Distributable reserves | 133 | - | €1,200,000 | +€1.2m | |
| Profit (loss) carried forward | 14 | €1,113,767 | €997 | -€1.1m | -99.9% |
| Amounts payable | 17/49 | €605,066 | €672,821 | +€67,755 | +11.2% |
| Amounts payable after more than one year | 17 | €363,336 | €413,875 | +€50,539 | +13.9% |
| Financial debts | 170/4 | €347,015 | €396,354 | +€49,339 | +14.2% |
| Other amounts payable | 178/9 | €16,321 | €17,521 | +€1,200 | +7.4% |
| Amounts payable within one year | 42/48 | €241,730 | €257,042 | +€15,311 | +6.3% |
| Current portion of amounts payable after more than one year | 42 | - | €26,310 | +€26,310 | |
| Financial debts | 43 | €13,491 | €9,535 | -€3,956 | -29.3% |
| Credit institutions | 430/8 | €13,491 | €9,535 | -€3,956 | -29.3% |
| Trade debts | 44 | €55,045 | €38,333 | -€16,712 | -30.4% |
| Suppliers | 440/4 | €55,045 | €38,333 | -€16,712 | -30.4% |
| Taxes, remuneration and social security | 45 | - | €670 | +€670 | |
| Taxes | 450/3 | - | €670 | +€670 | |
| Other amounts payable | 47/48 | €173,194 | €182,193 | +€9,000 | +5.2% |
| Accrued charges and deferred income | 492/3 | - | €1,905 | +€1,905 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €13,949 | €19,459 | +€5,509 | +39.5% |
| Other operating charges | 640/8 | €22,790 | €18,744 | -€4,046 | -17.8% |
| Gross operating margin | 9900 | €171,380 | €169,893 | -€1,487 | -0.9% |
| Operating profit (loss) | 9901 | €134,640 | €131,690 | -€2,951 | -2.2% |
| Financial income | 75/76B | €93 | €1 | -€93 | -99.4% |
| Recurring financial income | 75 | €93 | €1 | -€93 | -99.4% |
| Financial charges | 65/66B | €662 | €9,178 | +€8,516 | +1285.7% |
| Recurring financial charges | 65 | €662 | €9,178 | +€8,516 | +1285.7% |
| Profit (loss) for the period before taxes | 9903 | €134,071 | €122,512 | -€11,559 | -8.6% |
| Income taxes | 67/77 | €36,520 | €30,670 | -€5,850 | -16.0% |
| Profit (loss) for the period | 9904 | €97,551 | €91,842 | -€5,710 | -5.9% |
| Profit (loss) for the period to be appropriated | 9905 | €97,551 | €91,842 | -€5,710 | -5.9% |
Source: filed annual accounts (NBB), fiscal years ended 31 December 2023 and 31 December 2024. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 6 October 2026 via checked.be.