HEON: 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.
HEON
Largest movements
- Tangible fixed assets -€82,282
down €82,282 (-7.1%), from €1.2m to €1.1m
- Current assets +€37,608
up €37,608 (+29.9%), from €125,588 to €163,196
of which Receivables within one year: +€21,209
- Debts -€35,523
down €35,523 (-7.5%), from €472,239 to €436,716
of which Debts within one year: -€35,852
- Gross operating margin -€57,105
down €57,105 (-33.4%), from €171,192 to €114,086
- Taxes -€26,743
down €26,743 (-73.4%), from €36,432 to €9,690
- Depreciation -€2,289
down €2,289 (-2.7%), from €84,571 to €82,282
From the 2018 result to the 2019 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
Cash or the result is not a separate line in both sets of accounts; the cash flow cannot be derived from them.
Every line side by side
| Line | Code | 2018 | 2019 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €1,277,427 | €1,232,753 | -€44,674 | -3.5% |
| Fixed assets | 21/28 | €1,151,839 | €1,069,557 | -€82,282 | -7.1% |
| Tangible fixed assets | 22/27 | €1,151,839 | €1,069,557 | -€82,282 | -7.1% |
| Current assets | 29/58 | €125,588 | €163,196 | +€37,608 | +29.9% |
| Amounts receivable within one year | 40/41 | €7,370 | €28,578 | +€21,209 | +287.8% |
| Current investments | 50/53 | €73,598 | €70,758 | -€2,840 | -3.9% |
| Cash at bank and in hand | 54/58 | €41,690 | €47,434 | +€5,743 | +13.8% |
| Total equity and liabilities | 10/49 | €1,277,427 | €1,232,753 | -€44,674 | -3.5% |
| Equity | 10/15 | €737,829 | €737,134 | -€695 | -0.1% |
| Contributions | 10/11 | €106,600 | €106,600 | = | 0.0% |
| Reserves | 13 | €623,697 | €623,002 | -€695 | -0.1% |
| Profit (loss) carried forward | 14 | €2,480 | €2,480 | = | 0.0% |
| Provisions and deferred taxes | 16 | €67,359 | €58,903 | -€8,456 | -12.6% |
| Amounts payable | 17/49 | €472,239 | €436,716 | -€35,523 | -7.5% |
| Amounts payable after more than one year | 17 | €29,747 | €29,747 | = | 0.0% |
| Amounts payable within one year | 42/48 | €434,482 | €398,630 | -€35,852 | -8.3% |
| Trade debts | 44 | €7,045 | €22,274 | +€15,228 | +216.1% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €84,571 | €82,282 | -€2,289 | -2.7% |
| Gross operating margin | 9900 | €171,192 | €114,086 | -€57,105 | -33.4% |
| Operating profit (loss) | 9901 | €61,463 | €13,698 | -€47,765 | -77.7% |
| Recurring financial income | 75 | €23,623 | €298 | -€23,325 | -98.7% |
| Recurring financial charges | 65 | €14,501 | €18,597 | +€4,097 | +28.3% |
| Profit (loss) for the period before taxes | 9903 | €71,558 | €539 | -€71,018 | -99.2% |
| Income taxes | 67/77 | €36,432 | €9,690 | -€26,743 | -73.4% |
| Profit (loss) for the period | 9904 | €43,581 | -€695 | -€44,276 | |
| Profit (loss) for the period to be appropriated | 9905 | €57,755 | €13,479 | -€44,276 | -76.7% |
Source: filed annual accounts (NBB), fiscal years ended 30 September 2018 and 30 September 2019. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 30 September 2026 via checked.be.