HEPPEN RETAIL ASSOCIATE: 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.
What changed
HEPPEN RETAIL ASSOCIATE
NACE 47.110, Non-specialised retail sale with food, beverages or tobacco predominating
financial year 2025 compared with 2024filed annual accounts (NBB)
Net result for the year
-€328,860
2024 · €10,453-€339,313
Equity
€3.5m
2024 · €3.9m-€328,860
Cash
€28,365
2024 · €13,145+€15,220
Balance sheet total
€3.9m
2024 · €4.2m-€269,488
Largest movements
Assets
- Current investments -€207,445
down €207,445 (-5.9%), from €3.5m to €3.3m
- Tangible fixed assets -€187,328
down €187,328 (-61.4%), from €305,081 to €117,752
of which Assets under construction and advance payments: -€300,000
- Intangible fixed assets +€183,721
up €183,721 (+434%), from €42,293 to €226,014
- Stocks and contracts -€56,001
down €56,001 (-23.6%), from €236,898 to €180,897
Equity and liabilities
- Profit (loss) carried forward -€328,860
down €328,860, from €10,453 to -€318,406
- Trade debts +€55,645
up €55,645 (+24.3%), from €229,446 to €285,090
Income statement
- Turnover +€634,263
up €634,263 (+29.8%), from €2.1m to €2.8m
- Goods and materials +€614,421
up €614,421 (+36.5%), from €1.7m to €2.3m
of which Purchases: +€321,521
- Other operating charges -€400,407
down €400,407 (-99.0%), from €404,547 to €4,140
- Services and other goods +€346,744
up €346,744 (+92.1%), from €376,334 to €723,077
- Write-downs +€261,509
up €261,509 (+71.2%), from -€367,174 to -€105,664
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.
Result 2024
€10,453
Turnover
+€634,263
Other operating income
-€3,681
Goods and materials
-€614,421
Services and other goods
-€346,744
Staff costs
+€7,305
Depreciation
-€32,496
Write-downs
-€261,509
Other operating charges
+€400,407
Other operating items
-€77,276
Financial income
+€16,878
Financial charges
-€62,039
Result 2025
-€328,860
raises the resultlowers the resultnot broken down further in the accounts
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.
From operations
-€147,999
Investment
+€163,219
Financing
€0
Cash 2024
€13,145
From operations (derived)
-€147,999
Net result for the year
-€328,860
Depreciation
+€47,834
Stocks and contracts
+€56,001
Receivables within one year
+€26,389
Deferred charges and accrued income
-€8,734
Trade debts
+€55,645
Tax, wage and social debts
+€5,814
Other debts
+€416
Accrued charges and deferred income
-€2,503
Investment (derived)
+€163,219
Investment in fixed assets (net)
-€44,227
Current investments
+€207,445
Cash 2025
€28,365
brings cash intakes cash out
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €4,215,229 | €3,945,741 | -€269,488 | -6.4% |
| Fixed assets | 21/28 | €347,374 | €343,767 | -€3,607 | -1.0% |
| Intangible fixed assets | 21 | €42,293 | €226,014 | +€183,721 | +434% |
| Tangible fixed assets | 22/27 | €305,081 | €117,752 | -€187,328 | -61.4% |
| Plant, machinery and equipment | 23 | €5,081 | €117,752 | +€112,672 | +2,218% |
| Assets under construction and advance payments | 27 | €300,000 | - | -€300,000 | |
| Current assets | 29/58 | €3,867,855 | €3,601,974 | -€265,881 | -6.9% |
| Stocks and contracts in progress | 3 | €236,898 | €180,897 | -€56,001 | -23.6% |
| Stocks | 30/36 | €236,898 | €180,897 | -€56,001 | -23.6% |
| Goods purchased for resale | 34 | €236,898 | €180,897 | -€56,001 | -23.6% |
| Amounts receivable within one year | 40/41 | €70,009 | €43,620 | -€26,389 | -37.7% |
| Trade receivables | 40 | €62,114 | €37,746 | -€24,368 | -39.2% |
| Other amounts receivable | 41 | €7,895 | €5,874 | -€2,021 | -25.6% |
| Current investments | 50/53 | €3,545,413 | €3,337,968 | -€207,445 | -5.9% |
| Other investments | 51/53 | €3,545,413 | €3,337,968 | -€207,445 | -5.9% |
| Cash at bank and in hand | 54/58 | €13,145 | €28,365 | +€15,220 | +116% |
| Deferred charges and accrued income | 490/1 | €2,390 | €11,124 | +€8,734 | +365% |
| Total equity and liabilities | 10/49 | €4,215,229 | €3,945,741 | -€269,488 | -6.4% |
| Equity | 10/15 | €3,871,761 | €3,542,901 | -€328,860 | -8.5% |
| Contributions | 10/11 | €3,861,307 | €3,861,307 | = | 0.0% |
| Capital | 10 | €3,861,307 | €3,861,307 | = | 0.0% |
| Issued capital | 100 | €3,861,307 | €3,861,307 | = | 0.0% |
| Profit (loss) carried forward | 14 | €10,453 | -€318,406 | -€328,860 | |
| Amounts payable | 17/49 | €343,468 | €402,839 | +€59,371 | +17.3% |
| Amounts payable within one year | 42/48 | €340,661 | €402,535 | +€61,875 | +18.2% |
| Trade debts | 44 | €229,446 | €285,090 | +€55,645 | +24.3% |
| Suppliers | 440/4 | €229,446 | €285,090 | +€55,645 | +24.3% |
| Taxes, remuneration and social security | 45 | €26,153 | €31,967 | +€5,814 | +22.2% |
| Taxes | 450/3 | €6,966 | €10,882 | +€3,916 | +56.2% |
| Remuneration and social security | 454/9 | €19,186 | €21,084 | +€1,898 | +9.9% |
| Other amounts payable | 47/48 | €85,062 | €85,478 | +€416 | +0.5% |
| Accrued charges and deferred income | 492/3 | €2,807 | €304 | -€2,503 | -89.2% |
| Operating income | 70/76A | €2,321,288 | €3,174,593 | +€853,305 | +36.8% |
| Turnover | 70 | €2,131,716 | €2,765,978 | +€634,263 | +29.8% |
| Other operating income | 74 | €15,106 | €11,425 | -€3,681 | -24.4% |
| Non-recurring operating income | 76A | €174,466 | €397,189 | +€222,724 | +128% |
| Operating charges | 60/66A | €2,304,274 | €3,451,731 | +€1.1m | +49.8% |
| Goods for resale, raw materials and consumables | 60 | €1,684,051 | €2,298,471 | +€614,421 | +36.5% |
| Purchases | 600/8 | €1,920,949 | €2,242,470 | +€321,521 | +16.7% |
| Change in stocks: decrease (increase) | 609 | -€236,898 | €56,001 | +€292,900 | |
| Services and other goods | 61 | €376,334 | €723,077 | +€346,744 | +92.1% |
| Remuneration, social security and pensions | 62 | €191,178 | €183,873 | -€7,305 | -3.8% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €15,338 | €47,834 | +€32,496 | +212% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | -€367,174 | -€105,664 | +€261,509 | +71.2% |
| Other operating charges | 640/8 | €404,547 | €4,140 | -€400,407 | -99.0% |
| Non-recurring operating charges | 66A | - | €300,000 | +€300,000 | |
| Operating profit (loss) | 9901 | €17,014 | -€277,138 | -€294,152 | |
| Financial income | 75/76B | €56,570 | €73,448 | +€16,878 | +29.8% |
| Recurring financial income | 75 | €56,570 | €73,448 | +€16,878 | +29.8% |
| Income from current assets | 751 | €56,570 | €73,448 | +€16,878 | +29.8% |
| Financial charges | 65/66B | €63,130 | €125,169 | +€62,039 | +98.3% |
| Recurring financial charges | 65 | €63,130 | €125,169 | +€62,039 | +98.3% |
| Other financial charges | 652/9 | €63,130 | €125,169 | +€62,039 | +98.3% |
| Profit (loss) for the period before taxes | 9903 | €10,453 | -€328,860 | -€339,313 | |
| Profit (loss) for the period | 9904 | €10,453 | -€328,860 | -€339,313 | |
| Profit (loss) for the period to be appropriated | 9905 | €10,453 | -€328,860 | -€339,313 |
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 17 October 2026 via checked.be.