HEKRI: 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.
HEKRI
Largest movements
- Financial fixed assets +€579,000
up €579,000 (+6,451%), from €8,975 to €587,975
- Cash -€324,636
down €324,636 (-37.6%), from €863,323 to €538,687
mainly Investment in fixed assets (net) (-€590,801) and Debts after one year (-€22,412)
- Tangible fixed assets -€55,276
down €55,276 (-17.4%), from €318,526 to €263,250
of which Furniture and vehicles: -€52,876
- Receivables within one year -€19,944
down €19,944 (-94.2%), from €21,173 to €1,229
of which Trade receivables: -€10,546
- Stocks and contracts +€15,793
up €15,793 (+179%), from €8,825 to €24,618
- Reserves +€170,000
up €170,000 (+63.0%), from €269,711 to €439,711
of which Distributable reserves: +€170,000
- Trade debts +€31,244
up €31,244 (+41.4%), from €75,396 to €106,640
- Debts after one year -€22,412
down €22,412 (-16.6%), from €135,266 to €112,854
of which Financial debts: -€19,418
- Tax, wage and social debts +€21,796
up €21,796 (+26.2%), from €83,230 to €105,026
of which Taxes: +€19,990
- Gross operating margin -€119,621
down €119,621 (-22.1%), from €540,592 to €420,972
- Staff costs -€34,076
down €34,076 (-30.6%), from €111,490 to €77,414
- Taxes -€26,411
down €26,411 (-25.6%), from €103,081 to €76,670
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 | €1,222,011 | €1,420,547 | +€198,536 | +16.2% |
| Fixed assets | 21/28 | €327,501 | €851,225 | +€523,724 | +160% |
| Tangible fixed assets | 22/27 | €318,526 | €263,250 | -€55,276 | -17.4% |
| Plant, machinery and equipment | 23 | €19,140 | €17,940 | -€1,200 | -6.3% |
| Furniture and vehicles | 24 | €194,317 | €141,442 | -€52,876 | -27.2% |
| Other tangible fixed assets | 26 | €105,068 | €103,868 | -€1,200 | -1.1% |
| Financial fixed assets | 28 | €8,975 | €587,975 | +€579,000 | +6,451% |
| Current assets | 29/58 | €894,511 | €569,323 | -€325,188 | -36.4% |
| Stocks and contracts in progress | 3 | €8,825 | €24,618 | +€15,793 | +179% |
| Stocks | 30/36 | €8,825 | €24,618 | +€15,793 | +179% |
| Amounts receivable within one year | 40/41 | €21,173 | €1,229 | -€19,944 | -94.2% |
| Trade receivables | 40 | €11,775 | €1,229 | -€10,546 | -89.6% |
| Other amounts receivable | 41 | €9,398 | - | -€9,398 | |
| Cash at bank and in hand | 54/58 | €863,323 | €538,687 | -€324,636 | -37.6% |
| Deferred charges and accrued income | 490/1 | €1,190 | €4,789 | +€3,599 | +302% |
| Total equity and liabilities | 10/49 | €1,222,011 | €1,420,547 | +€198,536 | +16.2% |
| Equity | 10/15 | €888,570 | €1,063,765 | +€175,195 | +19.7% |
| Contributions | 10/11 | €18,592 | €18,592 | = | 0.0% |
| Reserves | 13 | €269,711 | €439,711 | +€170,000 | +63.0% |
| Non-distributable reserves | 130/1 | €323 | €323 | = | 0.0% |
| Reserves not available under the articles | 1311 | €323 | €323 | = | 0.0% |
| Distributable reserves | 133 | €269,389 | €439,389 | +€170,000 | +63.1% |
| Profit (loss) carried forward | 14 | €600,267 | €605,462 | +€5,195 | +0.9% |
| Amounts payable | 17/49 | €333,441 | €356,782 | +€23,341 | +7.0% |
| Amounts payable after more than one year | 17 | €135,266 | €112,854 | -€22,412 | -16.6% |
| Financial debts | 170/4 | €78,164 | €58,746 | -€19,418 | -24.8% |
| Other amounts payable | 178/9 | €57,102 | €54,108 | -€2,994 | -5.2% |
| Amounts payable within one year | 42/48 | €186,010 | €231,085 | +€45,075 | +24.2% |
| Current portion of amounts payable after more than one year | 42 | €27,384 | €19,418 | -€7,965 | -29.1% |
| Trade debts | 44 | €75,396 | €106,640 | +€31,244 | +41.4% |
| Suppliers | 440/4 | €75,396 | €106,640 | +€31,244 | +41.4% |
| Taxes, remuneration and social security | 45 | €83,230 | €105,026 | +€21,796 | +26.2% |
| Taxes | 450/3 | €63,081 | €83,070 | +€19,990 | +31.7% |
| Remuneration and social security | 454/9 | €20,149 | €21,956 | +€1,807 | +9.0% |
| Accrued charges and deferred income | 492/3 | €12,165 | €12,843 | +€678 | +5.6% |
| Non-recurring operating income | 76A | - | €8,204 | +€8,204 | |
| Remuneration, social security and pensions | 62 | €111,490 | €77,414 | -€34,076 | -30.6% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €69,287 | €67,077 | -€2,210 | -3.2% |
| Other operating charges | 640/8 | €10,755 | €13,117 | +€2,362 | +22.0% |
| Gross operating margin | 9900 | €540,592 | €420,972 | -€119,621 | -22.1% |
| Operating profit (loss) | 9901 | €349,061 | €263,364 | -€85,696 | -24.6% |
| Financial income | 75/76B | €5 | €275 | +€270 | +5,663% |
| Recurring financial income | 75 | €5 | €275 | +€270 | +5,663% |
| Financial charges | 65/66B | €12,038 | €11,774 | -€264 | -2.2% |
| Recurring financial charges | 65 | €12,038 | €11,774 | -€264 | -2.2% |
| Profit (loss) for the period before taxes | 9903 | €337,028 | €251,865 | -€85,162 | -25.3% |
| Income taxes | 67/77 | €103,081 | €76,670 | -€26,411 | -25.6% |
| Profit (loss) for the period | 9904 | €233,947 | €175,195 | -€58,752 | -25.1% |
| Profit (loss) for the period to be appropriated | 9905 | €233,947 | €175,195 | -€58,752 | -25.1% |
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 21 October 2026 via checked.be.