HEPI: 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.
HEPI
Largest movements
- Receivables after one year -€60,000
down €60,000 (-100%), from €60,000 to €0
- Cash +€2,153
up €2,153 (+1,223%), from €176 to €2,329
mainly Receivables after one year (+€60,000) and Net result for the year (+€24,132)
- Other debts -€57,368
down €57,368 (-70.0%), from €81,926 to €24,558
- Trade debts -€3,209
down €3,209 (-96.4%), from €3,330 to €121
- Tax, wage and social debts +€2,253
new in 2025: €2,253
- Provisions +€60,000
up €60,000, from -€60,000 to €0
- Taxes +€3,253
new in 2025: €3,253
- Gross operating margin +€2,353
up €2,353 (+8.8%), from €26,888 to €29,241
- Other operating charges +€425
up €425 (+46.7%), from €909 to €1,334
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 | €87,755 | €29,432 | -€58,323 | -66.5% |
| Fixed assets | 21/28 | €27,579 | €27,103 | -€477 | -1.7% |
| Tangible fixed assets | 22/27 | €27,579 | €27,103 | -€477 | -1.7% |
| Land and buildings | 22 | €27,579 | €27,103 | -€477 | -1.7% |
| Plant, machinery and equipment | 23 | €0 | - | = | |
| Furniture and vehicles | 24 | €0 | - | = | |
| Current assets | 29/58 | €60,176 | €2,329 | -€57,847 | -96.1% |
| Amounts receivable after more than one year | 29 | €60,000 | €0 | -€60,000 | -100% |
| Other amounts receivable | 291 | €60,000 | €0 | -€60,000 | -100% |
| Amounts receivable within one year | 40/41 | €0 | - | = | |
| Trade receivables | 40 | €0 | - | = | |
| Cash at bank and in hand | 54/58 | €176 | €2,329 | +€2,153 | +1,223% |
| Deferred charges and accrued income | 490/1 | €0 | - | = | |
| Total equity and liabilities | 10/49 | €87,755 | €29,432 | -€58,323 | -66.5% |
| Equity | 10/15 | €2,500 | €2,500 | = | 0.0% |
| Contributions | 10/11 | €2,500 | €2,500 | = | 0.0% |
| Profit (loss) carried forward | 14 | €0 | €0 | = | |
| Provisions and deferred taxes | 16 | €0 | - | = | |
| Provisions for liabilities and charges | 160/5 | €0 | - | = | |
| Environmental obligations | 163 | €0 | - | = | |
| Amounts payable | 17/49 | €85,255 | €26,932 | -€58,323 | -68.4% |
| Amounts payable within one year | 42/48 | €85,255 | €26,932 | -€58,323 | -68.4% |
| Trade debts | 44 | €3,330 | €121 | -€3,209 | -96.4% |
| Suppliers | 440/4 | €3,330 | €121 | -€3,209 | -96.4% |
| Taxes, remuneration and social security | 45 | - | €2,253 | +€2,253 | |
| Taxes | 450/3 | - | €2,253 | +€2,253 | |
| Other amounts payable | 47/48 | €81,926 | €24,558 | -€57,368 | -70.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €477 | €477 | -€0 | 0.0% |
| Provisions for liabilities and charges: additions (uses and reversals) | 635/8 | -€60,000 | €0 | +€60,000 | |
| Other operating charges | 640/8 | €909 | €1,334 | +€425 | +46.7% |
| Non-recurring operating charges | 66A | €3,490 | €0 | -€3,490 | -100% |
| Gross operating margin | 9900 | €26,888 | €29,241 | +€2,353 | +8.8% |
| Operating profit (loss) | 9901 | €82,012 | €27,430 | -€54,582 | -66.6% |
| Financial income | 75/76B | €0 | - | = | |
| Recurring financial income | 75 | €0 | - | = | |
| Financial charges | 65/66B | €86 | €45 | -€41 | -47.8% |
| Recurring financial charges | 65 | €86 | €45 | -€41 | -47.8% |
| Profit (loss) for the period before taxes | 9903 | €81,926 | €27,385 | -€54,541 | -66.6% |
| Income taxes | 67/77 | - | €3,253 | +€3,253 | |
| Profit (loss) for the period | 9904 | €81,926 | €24,132 | -€57,794 | -70.5% |
| Profit (loss) for the period to be appropriated | 9905 | €81,926 | €24,132 | -€57,794 | -70.5% |
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 15 October 2026 via checked.be.