HEPPI: what changed
Two fiscal 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.
HEPPI
Largest movements
- Cash +€2,791
up €2,791 (+16.2%), from €17,179 to €19,970
mainly Receivables within one year (+€2,035) and Depreciation (+€1,876)
- Receivables within one year -€2,035
down €2,035 (-2.4%), from €85,377 to €83,342
of which Trade receivables: -€2,441
- Tangible fixed assets -€1,480
down €1,480 (-47.5%), from €3,117 to €1,637
No liability line moved by more than 1% of the balance sheet total.
- Gross operating margin +€7,146
up €7,146, from -€1,383 to €5,763
- Financial income -€1,096
no longer reported in 2025 (was €1,096)
- Other operating charges +€229
up €229 (+7.5%), from €3,058 to €3,286
- Depreciation +€170
up €170 (+10.0%), from €1,705 to €1,876
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 | €106,027 | €105,488 | -€539 | -0.5% |
| Fixed assets | 21/28 | €3,117 | €1,637 | -€1,480 | -47.5% |
| Tangible fixed assets | 22/27 | €3,117 | €1,637 | -€1,480 | -47.5% |
| Furniture and vehicles | 24 | €3,117 | €1,637 | -€1,480 | -47.5% |
| Current assets | 29/58 | €102,911 | €103,851 | +€940 | +0.9% |
| Amounts receivable within one year | 40/41 | €85,377 | €83,342 | -€2,035 | -2.4% |
| Trade receivables | 40 | €42,916 | €40,476 | -€2,441 | -5.7% |
| Other amounts receivable | 41 | €42,461 | €42,867 | +€406 | +1.0% |
| Cash at bank and in hand | 54/58 | €17,179 | €19,970 | +€2,791 | +16.2% |
| Deferred charges and accrued income | 490/1 | €354 | €539 | +€184 | +52.1% |
| Total equity and liabilities | 10/49 | €106,027 | €105,488 | -€539 | -0.5% |
| Equity | 10/15 | -€104,814 | -€104,492 | +€322 | +0.3% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Outside capital | 11 | €18,600 | €18,600 | = | 0.0% |
| Other | 1109/19 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €46,803 | €46,803 | = | 0.0% |
| Non-distributable reserves | 130/1 | €1,860 | - | -€1,860 | |
| Reserves not available under the articles | 1311 | €1,860 | - | -€1,860 | |
| Distributable reserves | 133 | €44,943 | €46,803 | +€1,860 | +4.1% |
| Profit (loss) carried forward | 14 | -€170,217 | -€169,895 | +€322 | +0.2% |
| Amounts payable | 17/49 | €210,842 | €209,980 | -€862 | -0.4% |
| Amounts payable within one year | 42/48 | €210,842 | €209,980 | -€862 | -0.4% |
| Financial debts | 43 | - | €2 | +€2 | |
| Credit institutions | 430/8 | - | €2 | +€2 | |
| Trade debts | 44 | €127,422 | €127,510 | +€88 | +0.1% |
| Suppliers | 440/4 | €127,422 | €127,510 | +€88 | +0.1% |
| Taxes, remuneration and social security | 45 | €952 | - | -€952 | |
| Taxes | 450/3 | €952 | - | -€952 | |
| Other amounts payable | 47/48 | €82,468 | €82,468 | = | 0.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €1,705 | €1,876 | +€170 | +10.0% |
| Other operating charges | 640/8 | €3,058 | €3,286 | +€229 | +7.5% |
| Gross operating margin | 9900 | -€1,383 | €5,763 | +€7,146 | |
| Operating profit (loss) | 9901 | -€6,146 | €601 | +€6,747 | |
| Financial income | 75/76B | €1,096 | - | -€1,096 | |
| Recurring financial income | 75 | €1,096 | - | -€1,096 | |
| Financial charges | 65/66B | €191 | €218 | +€27 | +14.0% |
| Recurring financial charges | 65 | €191 | €218 | +€27 | +14.0% |
| Profit (loss) for the period before taxes | 9903 | -€5,241 | €383 | +€5,624 | |
| Income taxes | 67/77 | €87 | €61 | -€26 | -29.9% |
| Profit (loss) for the period | 9904 | -€5,328 | €322 | +€5,650 | |
| Profit (loss) for the period to be appropriated | 9905 | -€5,328 | €322 | +€5,650 |
Source: filed annual accounts (NBB), fiscal years ended 31 March 2024 and 31 March 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 3 October 2026 via checked.be.