HepNet: 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.
HepNet
Largest movements
- Cash +€8,671
up €8,671 (+35.1%), from €24,688 to €33,359
mainly Depreciation (+€13,723) and Net result for the year (+€7,643)
- Tangible fixed assets -€8,052
down €8,052 (-22.9%), from €35,153 to €27,101
of which Furniture and vehicles: -€11,747
- Reserves +€7,643
up €7,643 (+18.8%), from €40,608 to €48,251
- Other debts -€4,555
down €4,555 (-52.9%), from €8,605 to €4,050
- Tax, wage and social debts -€2,983
down €2,983 (-34.6%), from €8,626 to €5,643
- Gross operating margin -€10,226
down €10,226 (-26.4%), from €38,706 to €28,480
- Taxes -€2,983
down €2,983 (-34.6%), from €8,626 to €5,643
- Depreciation +€1,662
up €1,662 (+13.8%), from €12,061 to €13,723
- Other operating charges +€800
up €800 (+156.6%), from €511 to €1,312
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.
Cash bridge derived
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 | €59,841 | €60,460 | +€619 | +1.0% |
| Fixed assets | 21/28 | €35,153 | €27,101 | -€8,052 | -22.9% |
| Tangible fixed assets | 22/27 | €35,153 | €27,101 | -€8,052 | -22.9% |
| Plant, machinery and equipment | 23 | €1,870 | €5,564 | +€3,694 | +197.6% |
| Furniture and vehicles | 24 | €33,283 | €21,537 | -€11,747 | -35.3% |
| Current assets | 29/58 | €24,688 | €33,359 | +€8,671 | +35.1% |
| Cash at bank and in hand | 54/58 | €24,688 | €33,359 | +€8,671 | +35.1% |
| Total equity and liabilities | 10/49 | €59,841 | €60,460 | +€619 | +1.0% |
| Equity | 10/15 | €42,608 | €50,251 | +€7,643 | +17.9% |
| Contributions | 10/11 | €2,000 | €2,000 | = | 0.0% |
| Reserves | 13 | €40,608 | €48,251 | +€7,643 | +18.8% |
| Distributable reserves | 133 | €40,608 | €48,251 | +€7,643 | +18.8% |
| Amounts payable | 17/49 | €17,233 | €10,209 | -€7,024 | -40.8% |
| Amounts payable within one year | 42/48 | €17,233 | €10,209 | -€7,024 | -40.8% |
| Trade debts | 44 | €2 | €516 | +€514 | +23564.2% |
| Suppliers | 440/4 | €2 | €516 | +€514 | +23564.2% |
| Taxes, remuneration and social security | 45 | €8,626 | €5,643 | -€2,983 | -34.6% |
| Taxes | 450/3 | €8,626 | €5,643 | -€2,983 | -34.6% |
| Other amounts payable | 47/48 | €8,605 | €4,050 | -€4,555 | -52.9% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €12,061 | €13,723 | +€1,662 | +13.8% |
| Other operating charges | 640/8 | €511 | €1,312 | +€800 | +156.6% |
| Non-recurring operating charges | 66A | - | €9 | +€9 | |
| Gross operating margin | 9900 | €38,706 | €28,480 | -€10,226 | -26.4% |
| Operating profit (loss) | 9901 | €26,134 | €13,436 | -€12,698 | -48.6% |
| Financial charges | 65/66B | €132 | €150 | +€18 | +13.4% |
| Recurring financial charges | 65 | €105 | €150 | +€45 | +42.9% |
| Non-recurring financial charges | 66B | €27 | €0 | -€27 | -100.0% |
| Profit (loss) for the period before taxes | 9903 | €26,002 | €13,286 | -€12,716 | -48.9% |
| Income taxes | 67/77 | €8,626 | €5,643 | -€2,983 | -34.6% |
| Profit (loss) for the period | 9904 | €17,376 | €7,643 | -€9,733 | -56.0% |
| Profit (loss) for the period to be appropriated | 9905 | €17,376 | €7,643 | -€9,733 | -56.0% |
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 11 October 2026 via checked.be.