HEKOMA: 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.
HEKOMA
Largest movements
- Receivables within one year -€52,719
down €52,719 (-50.3%), from €104,897 to €52,178
of which Other amounts receivable: -€32,965
- Cash +€37,620
up €37,620 (+217%), from €17,369 to €54,989
mainly Receivables within one year (+€52,719) and Trade debts (+€23,586)
- Deferred charges and accrued income +€9,514
up €9,514 (+222%), from €4,290 to €13,803
- Tangible fixed assets +€4,089
up €4,089 (+62.8%), from €6,507 to €10,596
of which Furniture and vehicles: +€4,918
- Other debts -€30,000
no longer reported in 2025 (was €30,000)
- Trade debts +€23,586
up €23,586 (+277%), from €8,528 to €32,114
- Reserves +€10,000
up €10,000 (+3.8%), from €259,895 to €269,895
of which Distributable reserves: +€10,000
- Current portion of long-term debt -€3,996
no longer reported in 2025 (was €3,996)
- Depreciation -€3,050
down €3,050 (-50.1%), from €6,093 to €3,043
- Gross operating margin +€2,977
up €2,977 (+15.8%), from €18,890 to €21,866
- Other operating charges +€2,652
up €2,652 (+104%), from €2,561 to €5,212
- Taxes +€1,790
up €1,790 (+197%), from €907 to €2,698
- Financial charges -€426
down €426 (-66.5%), from €640 to €214
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 | €250,423 | €248,927 | -€1,496 | -0.6% |
| Formation expenses | 20 | €0 | €0 | = | |
| Fixed assets | 21/28 | €6,571 | €10,660 | +€4,089 | +62.2% |
| Tangible fixed assets | 22/27 | €6,507 | €10,596 | +€4,089 | +62.8% |
| Land and buildings | 22 | €3,405 | €3,609 | +€204 | +6.0% |
| Plant, machinery and equipment | 23 | €2,689 | €1,656 | -€1,033 | -38.4% |
| Furniture and vehicles | 24 | €413 | €5,332 | +€4,918 | +1,191% |
| Financial fixed assets | 28 | €64 | €64 | = | 0.0% |
| Current assets | 29/58 | €243,852 | €238,266 | -€5,585 | -2.3% |
| Amounts receivable within one year | 40/41 | €104,897 | €52,178 | -€52,719 | -50.3% |
| Trade receivables | 40 | €33,684 | €13,930 | -€19,755 | -58.6% |
| Other amounts receivable | 41 | €71,213 | €38,248 | -€32,965 | -46.3% |
| Current investments | 50/53 | €117,296 | €117,296 | = | 0.0% |
| Cash at bank and in hand | 54/58 | €17,369 | €54,989 | +€37,620 | +217% |
| Deferred charges and accrued income | 490/1 | €4,290 | €13,803 | +€9,514 | +222% |
| Total equity and liabilities | 10/49 | €250,423 | €248,927 | -€1,496 | -0.6% |
| Equity | 10/15 | €196,304 | €207,003 | +€10,699 | +5.5% |
| Contributions | 10/11 | €6,700 | €6,700 | = | 0.0% |
| Reserves | 13 | €259,895 | €269,895 | +€10,000 | +3.8% |
| Non-distributable reserves | 130/1 | €2,000 | €2,000 | = | 0.0% |
| Reserves not available under the articles | 1311 | €2,000 | €2,000 | = | 0.0% |
| Tax-exempt reserves | 132 | €33,220 | €33,220 | = | 0.0% |
| Distributable reserves | 133 | €224,675 | €234,675 | +€10,000 | +4.5% |
| Profit (loss) carried forward | 14 | -€70,291 | -€69,592 | +€699 | +1.0% |
| Amounts payable | 17/49 | €54,119 | €41,923 | -€12,196 | -22.5% |
| Amounts payable within one year | 42/48 | €54,119 | €41,923 | -€12,196 | -22.5% |
| Current portion of amounts payable after more than one year | 42 | €3,996 | - | -€3,996 | |
| Trade debts | 44 | €8,528 | €32,114 | +€23,586 | +277% |
| Suppliers | 440/4 | €8,528 | €32,114 | +€23,586 | +277% |
| Taxes, remuneration and social security | 45 | €11,596 | €9,809 | -€1,786 | -15.4% |
| Taxes | 450/3 | €11,552 | €9,809 | -€1,743 | -15.1% |
| Remuneration and social security | 454/9 | €44 | - | -€44 | |
| Other amounts payable | 47/48 | €30,000 | - | -€30,000 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €6,093 | €3,043 | -€3,050 | -50.1% |
| Other operating charges | 640/8 | €2,561 | €5,212 | +€2,652 | +104% |
| Gross operating margin | 9900 | €18,890 | €21,866 | +€2,977 | +15.8% |
| Operating profit (loss) | 9901 | €10,236 | €13,611 | +€3,375 | +33.0% |
| Financial income | 75/76B | €0 | €0 | +€0 | +2,600% |
| Recurring financial income | 75 | €0 | €0 | +€0 | +2,600% |
| Financial charges | 65/66B | €640 | €214 | -€426 | -66.5% |
| Recurring financial charges | 65 | €640 | €214 | -€426 | -66.5% |
| Profit (loss) for the period before taxes | 9903 | €9,596 | €13,397 | +€3,801 | +39.6% |
| Income taxes | 67/77 | €907 | €2,698 | +€1,790 | +197% |
| Profit (loss) for the period | 9904 | €8,688 | €10,699 | +€2,011 | +23.1% |
| Profit (loss) for the period to be appropriated | 9905 | €8,688 | €10,699 | +€2,011 | +23.1% |
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.