HEPPIE KEPPIE: what changed
What changed
HEPPIE KEPPIE
filed annual accounts (NBB)
Net result for the year
-€1,384
2024 · €5,445-€6,828
Equity
€61,878
2024 · €63,262-€1,384
Cash
€7,613
2024 · €4,907+€2,706
Balance sheet total
€465,881
2024 · €304,014+€161,867
Largest movements
Assets
- Tangible fixed assets +€161,107
up €161,107 (+57.6%), from €279,876 to €440,983
of which Land and buildings: +€164,859
Equity and liabilities
- Debts after one year +€143,298
up €143,298 (+84.4%), from €169,741 to €313,039
- Short-term financial debts +€42,607
new in 2025: €42,607
- Other debts -€16,623
down €16,623 (-80.6%), from €20,618 to €3,995
Income statement
- Staff costs -€38,348
down €38,348 (-100%), from €38,348 to €0
- Financial income +€15,850
up €15,850 (+8,488%), from €187 to €16,037
- Gross operating margin -€10,909
down €10,909 (-16.6%), from €65,879 to €54,970
- Financial charges +€10,603
up €10,603 (+202%), from €5,247 to €15,850
- Taxes -€2,590
down €2,590 (-99.4%), from €2,605 to €15
Change in the result, 2024 to 2025
For each income-statement line you see the change as its effect on the result. Higher costs lower the result, higher income raises it.
Result 2024
€5,445
Gross operating margin
-€10,909
Staff costs
+€38,348
Depreciation
-€269
Other operating charges
+€1,638
Other operating items
-€43,474
Financial income
+€15,850
Financial charges
-€10,603
Taxes
+€2,590
Result 2025
-€1,384
raises the resultlowers the resultnot broken down further in the accounts
Derived cash bridge
The bridge is derived from the 2024 and 2025 balance sheets and the 2025 result. There is no filed cash-flow statement. You see where the money came from and where it went.
From operations
-€6,577
Investment
-€173,393
Financing
+€182,676
Cash 2024
€4,907
From operations (derived)
-€6,577
Net result for the year
-€1,384
Depreciation
+€12,446
Receivables within one year
+€2,257
Deferred charges and accrued income
-€471
Trade debts
-€1,100
Tax, wage and social debts
-€1,702
Other debts
-€16,623
Investment (derived)
-€173,393
Investment in fixed assets (net)
-€173,393
Financing
+€182,676
Debts after one year
+€143,298
Current portion of long-term debt
-€3,229
Short-term financial debts
+€42,607
Cash 2025
€7,613
brings cash intakes cash out
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €304,014 | €465,881 | +€161,867 | +53.2% |
| Fixed assets | 21/28 | €280,587 | €441,534 | +€160,948 | +57.4% |
| Intangible fixed assets | 21 | €711 | €551 | -€160 | -22.5% |
| Tangible fixed assets | 22/27 | €279,876 | €440,983 | +€161,107 | +57.6% |
| Land and buildings | 22 | €272,474 | €437,333 | +€164,859 | +60.5% |
| Plant, machinery and equipment | 23 | €2,382 | €1,179 | -€1,203 | -50.5% |
| Furniture and vehicles | 24 | €5,020 | €2,472 | -€2,548 | -50.8% |
| Current assets | 29/58 | €23,427 | €24,347 | +€920 | +3.9% |
| Amounts receivable within one year | 40/41 | €18,366 | €16,109 | -€2,257 | -12.3% |
| Trade receivables | 40 | €2,116 | €7,278 | +€5,162 | +244% |
| Other amounts receivable | 41 | €16,250 | €8,831 | -€7,419 | -45.7% |
| Cash at bank and in hand | 54/58 | €4,907 | €7,613 | +€2,706 | +55.1% |
| Deferred charges and accrued income | 490/1 | €154 | €625 | +€471 | +306% |
| Total equity and liabilities | 10/49 | €304,014 | €465,881 | +€161,867 | +53.2% |
| Equity | 10/15 | €63,262 | €61,878 | -€1,384 | -2.2% |
| Contributions | 10/11 | €28,550 | €28,550 | = | 0.0% |
| Reserves | 13 | €34,712 | €33,328 | -€1,384 | -4.0% |
| Distributable reserves | 133 | €34,712 | €33,328 | -€1,384 | -4.0% |
| Profit (loss) carried forward | 14 | €0 | - | = | |
| Amounts payable | 17/49 | €240,752 | €404,003 | +€163,251 | +67.8% |
| Amounts payable after more than one year | 17 | €169,741 | €313,039 | +€143,298 | +84.4% |
| Financial debts | 170/4 | €169,741 | €313,039 | +€143,298 | +84.4% |
| Amounts payable within one year | 42/48 | €71,011 | €90,964 | +€19,953 | +28.1% |
| Current portion of amounts payable after more than one year | 42 | €15,894 | €12,665 | -€3,229 | -20.3% |
| Financial debts | 43 | - | €42,607 | +€42,607 | |
| Credit institutions | 430/8 | - | €42,607 | +€42,607 | |
| Trade debts | 44 | €22,318 | €21,217 | -€1,100 | -4.9% |
| Suppliers | 440/4 | €22,318 | €21,217 | -€1,100 | -4.9% |
| Taxes, remuneration and social security | 45 | €12,181 | €10,480 | -€1,702 | -14.0% |
| Taxes | 450/3 | €12,181 | €2,680 | -€9,502 | -78.0% |
| Remuneration and social security | 454/9 | - | €7,800 | +€7,800 | |
| Other amounts payable | 47/48 | €20,618 | €3,995 | -€16,623 | -80.6% |
| Accrued charges and deferred income | 492/3 | €0 | - | = | |
| Remuneration, social security and pensions | 62 | €38,348 | €0 | -€38,348 | -100% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €12,177 | €12,446 | +€269 | +2.2% |
| Other operating charges | 640/8 | €2,243 | €605 | -€1,638 | -73.0% |
| Non-recurring operating charges | 66A | - | €43,474 | +€43,474 | |
| Gross operating margin | 9900 | €65,879 | €54,970 | -€10,909 | -16.6% |
| Operating profit (loss) | 9901 | €13,111 | -€1,555 | -€14,666 | |
| Financial income | 75/76B | €187 | €16,037 | +€15,850 | +8,488% |
| Recurring financial income | 75 | €187 | €16,037 | +€15,850 | +8,488% |
| Financial charges | 65/66B | €5,247 | €15,850 | +€10,603 | +202% |
| Recurring financial charges | 65 | €5,247 | €15,850 | +€10,603 | +202% |
| Profit (loss) for the period before taxes | 9903 | €8,050 | -€1,368 | -€9,419 | |
| Income taxes | 67/77 | €2,605 | €15 | -€2,590 | -99.4% |
| Profit (loss) for the period | 9904 | €5,445 | -€1,384 | -€6,828 | |
| Profit (loss) for the period to be appropriated | 9905 | €5,445 | -€1,384 | -€6,828 |
Next steps
Work out how much credit to give this customer and on what payment terms.Credit check Check what to know before you do business with this company.Supplier due diligence Check whether you can accept this company as a client under the anti-money-laundering law.AML client file Compare this company with its sector.Sector benchmark
Calculation and sources
Source: filed annual accounts (NBB), financial years ended 31 December 2024 and 31 December 2025. Green is a favourable move for that line, red an unfavourable one. Prepared on 6 November 2026 via checked.be.