HéPATOL: 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.
HéPATOL
Largest movements
- Receivables within one year -€114,537
no longer reported in 2025 (was €114,537)
of which Other amounts receivable: -€111,051
- Cash +€97,017
up €97,017 (+298%), from €32,556 to €129,573
mainly Net result for the year (+€158,149) and Receivables within one year (+€114,537)
- Deferred charges and accrued income +€38,655
up €38,655 (+156%), from €24,701 to €63,356
- Current investments -€24,760
down €24,760 (-6.8%), from €364,245 to €339,485
- Other debts -€166,474
down €166,474 (-99.6%), from €167,075 to €601
- Reserves +€158,149
up €158,149 (+52.1%), from €303,709 to €461,858
of which Distributable reserves: +€158,149
- Gross operating margin +€81,888
up €81,888 (+55.6%), from €147,181 to €229,069
- Taxes +€33,921
up €33,921 (+96.9%), from €35,003 to €68,925
- Financial income -€9,279
down €9,279 (-46.8%), from €19,835 to €10,556
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 | €559,835 | €550,896 | -€8,939 | -1.6% |
| Fixed assets | 21/28 | €23,796 | €18,482 | -€5,314 | -22.3% |
| Tangible fixed assets | 22/27 | €23,796 | €18,482 | -€5,314 | -22.3% |
| Furniture and vehicles | 24 | €17,097 | €14,948 | -€2,150 | -12.6% |
| Other tangible fixed assets | 26 | €6,699 | €3,534 | -€3,165 | -47.2% |
| Current assets | 29/58 | €536,039 | €532,414 | -€3,625 | -0.7% |
| Amounts receivable within one year | 40/41 | €114,537 | - | -€114,537 | |
| Trade receivables | 40 | €3,486 | - | -€3,486 | |
| Other amounts receivable | 41 | €111,051 | - | -€111,051 | |
| Current investments | 50/53 | €364,245 | €339,485 | -€24,760 | -6.8% |
| Cash at bank and in hand | 54/58 | €32,556 | €129,573 | +€97,017 | +298% |
| Deferred charges and accrued income | 490/1 | €24,701 | €63,356 | +€38,655 | +156% |
| Total equity and liabilities | 10/49 | €559,835 | €550,896 | -€8,939 | -1.6% |
| Equity | 10/15 | €357,268 | €515,417 | +€158,149 | +44.3% |
| Contributions | 10/11 | €52,400 | €52,400 | = | 0.0% |
| Contributions outside capital | 11 | €52,400 | €52,400 | = | 0.0% |
| Other | 1109/19 | €52,400 | €52,400 | = | 0.0% |
| Reserves | 13 | €303,709 | €461,858 | +€158,149 | +52.1% |
| Non-distributable reserves | 130/1 | €5,860 | €5,860 | = | 0.0% |
| Reserves not available under the articles | 1311 | €5,860 | €5,860 | = | 0.0% |
| Distributable reserves | 133 | €297,849 | €455,998 | +€158,149 | +53.1% |
| Profit (loss) carried forward | 14 | €1,159 | €1,159 | = | 0.0% |
| Amounts payable | 17/49 | €202,567 | €35,479 | -€167,088 | -82.5% |
| Amounts payable within one year | 42/48 | €198,621 | €33,662 | -€164,959 | -83.1% |
| Trade debts | 44 | €230 | €294 | +€64 | +27.8% |
| Suppliers | 440/4 | €230 | €294 | +€64 | +27.8% |
| Taxes, remuneration and social security | 45 | €31,316 | €32,767 | +€1,451 | +4.6% |
| Taxes | 450/3 | €30,416 | €29,017 | -€1,399 | -4.6% |
| Remuneration and social security | 454/9 | €900 | €3,750 | +€2,850 | +317% |
| Other amounts payable | 47/48 | €167,075 | €601 | -€166,474 | -99.6% |
| Accrued charges and deferred income | 492/3 | €3,946 | €1,818 | -€2,128 | -53.9% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €10,532 | €11,419 | +€886 | +8.4% |
| Other operating charges | 640/8 | €177 | €633 | +€456 | +258% |
| Gross operating margin | 9900 | €147,181 | €229,069 | +€81,888 | +55.6% |
| Operating profit (loss) | 9901 | €136,473 | €217,018 | +€80,545 | +59.0% |
| Financial income | 75/76B | €19,835 | €10,556 | -€9,279 | -46.8% |
| Recurring financial income | 75 | €19,835 | €10,556 | -€9,279 | -46.8% |
| Financial charges | 65/66B | €263 | €500 | +€237 | +90.0% |
| Recurring financial charges | 65 | €263 | €500 | +€237 | +90.0% |
| Profit (loss) for the period before taxes | 9903 | €156,044 | €227,074 | +€71,030 | +45.5% |
| Income taxes | 67/77 | €35,003 | €68,925 | +€33,921 | +96.9% |
| Profit (loss) for the period | 9904 | €121,041 | €158,149 | +€37,108 | +30.7% |
| Profit (loss) for the period to be appropriated | 9905 | €121,041 | €158,149 | +€37,108 | +30.7% |
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.