HepionaH: 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.
HepionaH
Largest movements
- Cash -€13,687
down €13,687 (-80.7%), from €16,967 to €3,281
mainly Net result for the year (-€41,883) and Trade debts (-€262)
- Current investments -€13,000
down €13,000 (-21.7%), from €60,000 to €47,000
- Tangible fixed assets -€5,607
down €5,607 (-36.1%), from €15,541 to €9,934
of which Furniture and vehicles: -€5,141
- Receivables within one year -€2,126
down €2,126 (-67.1%), from €3,169 to €1,044
- Deferred charges and accrued income -€1,203
down €1,203 (-74.0%), from €1,627 to €424
- Profit (loss) carried forward -€41,883
down €41,883 (-48.1%), from €86,993 to €45,110
- Other debts +€6,065
up €6,065 (+190%), from €3,187 to €9,253
- Gross operating margin -€51,509
down €51,509, from €16,629 to -€34,881
- Taxes -€2,342
down €2,342 (-94.7%), from €2,474 to €132
- Depreciation +€1,010
up €1,010 (+26.9%), from €3,757 to €4,768
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 | €97,304 | €61,682 | -€35,622 | -36.6% |
| Fixed assets | 21/28 | €15,541 | €9,934 | -€5,607 | -36.1% |
| Tangible fixed assets | 22/27 | €15,541 | €9,934 | -€5,607 | -36.1% |
| Land and buildings | 22 | €4,165 | €3,700 | -€466 | -11.2% |
| Furniture and vehicles | 24 | €11,375 | €6,234 | -€5,141 | -45.2% |
| Current assets | 29/58 | €81,763 | €51,748 | -€30,015 | -36.7% |
| Amounts receivable within one year | 40/41 | €3,169 | €1,044 | -€2,126 | -67.1% |
| Trade receivables | 40 | €3,169 | €1,044 | -€2,126 | -67.1% |
| Current investments | 50/53 | €60,000 | €47,000 | -€13,000 | -21.7% |
| Cash at bank and in hand | 54/58 | €16,967 | €3,281 | -€13,687 | -80.7% |
| Deferred charges and accrued income | 490/1 | €1,627 | €424 | -€1,203 | -74.0% |
| Total equity and liabilities | 10/49 | €97,304 | €61,682 | -€35,622 | -36.6% |
| Equity | 10/15 | €89,993 | €48,110 | -€41,883 | -46.5% |
| Contributions | 10/11 | €3,000 | €3,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | €86,993 | €45,110 | -€41,883 | -48.1% |
| Amounts payable | 17/49 | €7,311 | €13,572 | +€6,261 | +85.6% |
| Amounts payable within one year | 42/48 | €7,311 | €13,572 | +€6,261 | +85.6% |
| Trade debts | 44 | €684 | €422 | -€262 | -38.3% |
| Suppliers | 440/4 | €684 | €422 | -€262 | -38.3% |
| Taxes, remuneration and social security | 45 | €3,440 | €3,898 | +€458 | +13.3% |
| Taxes | 450/3 | €3,440 | €3,898 | +€458 | +13.3% |
| Other amounts payable | 47/48 | €3,187 | €9,253 | +€6,065 | +190% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €3,757 | €4,768 | +€1,010 | +26.9% |
| Other operating charges | 640/8 | €673 | €695 | +€22 | +3.3% |
| Gross operating margin | 9900 | €16,629 | -€34,881 | -€51,509 | |
| Operating profit (loss) | 9901 | €12,199 | -€40,343 | -€52,542 | |
| Financial charges | 65/66B | €1,583 | €1,409 | -€175 | -11.0% |
| Recurring financial charges | 65 | €1,583 | €1,409 | -€175 | -11.0% |
| Profit (loss) for the period before taxes | 9903 | €10,616 | -€41,751 | -€52,367 | |
| Income taxes | 67/77 | €2,474 | €132 | -€2,342 | -94.7% |
| Profit (loss) for the period | 9904 | €8,142 | -€41,883 | -€50,025 | |
| Profit (loss) for the period to be appropriated | 9905 | €8,142 | -€41,883 | -€50,025 |
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 25 October 2026 via checked.be.