HEKLA.TV: 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.
HEKLA.TV
Largest movements
- Receivables within one year +€38,411
up €38,411 (+147%), from €26,218 to €64,630
of which Trade receivables: +€38,303
- Deferred charges and accrued income -€9,005
down €9,005 (-68.0%), from €13,245 to €4,240
- Stocks and contracts -€8,750
no longer reported in 2025 (was €8,750)
- Tangible fixed assets +€6,927
up €6,927 (+4.6%), from €151,145 to €158,073
of which Plant, machinery and equipment: +€21,351
- Cash -€3,173
down €3,173 (-70.9%), from €4,477 to €1,303
mainly Trade debts (-€69,700) and Investment in fixed assets (net) (-€45,936)
- Other debts +€91,184
up €91,184 (+283%), from €32,275 to €123,459
- Trade debts -€69,700
down €69,700 (-66.7%), from €104,529 to €34,829
- Debts after one year -€5,998
down €5,998 (-11.8%), from €50,655 to €44,657
- Current portion of long-term debt +€5,888
up €5,888 (+42.2%), from €13,948 to €19,836
- Gross operating margin +€21,035
up €21,035 (+78.8%), from €26,698 to €47,733
- Depreciation +€10,008
up €10,008 (+33.4%), from €29,983 to €39,991
- Financial charges +€939
up €939 (+33.4%), from €2,811 to €3,751
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 | €210,532 | €233,960 | +€23,428 | +11.1% |
| Fixed assets | 21/28 | €157,842 | €163,787 | +€5,945 | +3.8% |
| Intangible fixed assets | 21 | €6,697 | €5,714 | -€983 | -14.7% |
| Tangible fixed assets | 22/27 | €151,145 | €158,073 | +€6,927 | +4.6% |
| Plant, machinery and equipment | 23 | €60,561 | €81,911 | +€21,351 | +35.3% |
| Furniture and vehicles | 24 | €89,108 | €71,958 | -€17,150 | -19.2% |
| Other tangible fixed assets | 26 | €1,477 | €4,203 | +€2,726 | +185% |
| Current assets | 29/58 | €52,690 | €70,173 | +€17,483 | +33.2% |
| Stocks and contracts in progress | 3 | €8,750 | - | -€8,750 | |
| Contracts in progress | 37 | €8,750 | - | -€8,750 | |
| Amounts receivable within one year | 40/41 | €26,218 | €64,630 | +€38,411 | +147% |
| Trade receivables | 40 | €26,218 | €64,522 | +€38,303 | +146% |
| Other amounts receivable | 41 | - | €108 | +€108 | |
| Cash at bank and in hand | 54/58 | €4,477 | €1,303 | -€3,173 | -70.9% |
| Deferred charges and accrued income | 490/1 | €13,245 | €4,240 | -€9,005 | -68.0% |
| Total equity and liabilities | 10/49 | €210,532 | €233,960 | +€23,428 | +11.1% |
| Equity | 10/15 | €4,716 | €5,670 | +€954 | +20.2% |
| Contributions | 10/11 | €3,000 | €3,000 | = | 0.0% |
| Reserves | 13 | €1,716 | €2,670 | +€954 | +55.6% |
| Distributable reserves | 133 | €1,716 | €2,670 | +€954 | +55.6% |
| Amounts payable | 17/49 | €205,817 | €228,291 | +€22,474 | +10.9% |
| Amounts payable after more than one year | 17 | €50,655 | €44,657 | -€5,998 | -11.8% |
| Financial debts | 170/4 | €50,655 | €44,657 | -€5,998 | -11.8% |
| Amounts payable within one year | 42/48 | €155,162 | €183,589 | +€28,427 | +18.3% |
| Current portion of amounts payable after more than one year | 42 | €13,948 | €19,836 | +€5,888 | +42.2% |
| Trade debts | 44 | €104,529 | €34,829 | -€69,700 | -66.7% |
| Suppliers | 440/4 | €104,529 | €34,829 | -€69,700 | -66.7% |
| Taxes, remuneration and social security | 45 | €4,409 | €5,464 | +€1,055 | +23.9% |
| Taxes | 450/3 | €4,409 | €5,464 | +€1,055 | +23.9% |
| Other amounts payable | 47/48 | €32,275 | €123,459 | +€91,184 | +283% |
| Accrued charges and deferred income | 492/3 | - | €45 | +€45 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €29,983 | €39,991 | +€10,008 | +33.4% |
| Other operating charges | 640/8 | €555 | €620 | +€65 | +11.6% |
| Non-recurring operating charges | 66A | - | €724 | +€724 | |
| Gross operating margin | 9900 | €26,698 | €47,733 | +€21,035 | +78.8% |
| Operating profit (loss) | 9901 | -€3,841 | €6,397 | +€10,238 | |
| Financial income | 75/76B | €691 | €365 | -€326 | -47.2% |
| Recurring financial income | 75 | €691 | €365 | -€326 | -47.2% |
| Financial charges | 65/66B | €2,811 | €3,751 | +€939 | +33.4% |
| Recurring financial charges | 65 | €2,811 | €3,751 | +€939 | +33.4% |
| Profit (loss) for the period before taxes | 9903 | -€5,961 | €3,012 | +€8,973 | |
| Income taxes | 67/77 | €122 | €392 | +€270 | +221% |
| Profit (loss) for the period | 9904 | -€6,083 | €2,620 | +€8,703 | |
| Profit (loss) for the period to be appropriated | 9905 | -€6,083 | €2,620 | +€8,703 |
Source: filed annual accounts (NBB), financial years ended 30 June 2024 and 30 June 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 15 October 2026 via checked.be.