HEPPNER BELGIUM: what changed
HEPPNER BELGIUM
Largest movements
- Receivables within one year -€287,031
down €287,031 (-14.6%), from €2.0m to €1.7m
of which Trade receivables: -€270,507
- Intangible fixed assets -€118,408
down €118,408 (-18.0%), from €656,513 to €538,105
- Tangible fixed assets +€96,645
up €96,645 (+407%), from €23,769 to €120,414
of which Plant, machinery and equipment: +€68,381
- Cash +€83,324
up €83,324 (+40.5%), from €205,613 to €288,938
mainly Other debts (+€2.0m) and Receivables within one year (+€287,031)
- Profit (loss) carried forward -€2.1m
down €2.1m (-86.8%), from -€2.4m to -€4.5m
- Other debts +€2.0m
up €2.0m (+1,276,150%), from €156 to €2.0m
- Trade debts -€385,046
down €385,046 (-21.8%), from €1.8m to €1.4m
- Accrued charges and deferred income +€255,688
up €255,688 (+643%), from €39,780 to €295,468
- Gross operating margin -€1.2m
down €1.2m (-83.0%), from €1.5m to €247,008
- Financial charges +€143,457
up €143,457 (+1,444%), from €9,933 to €153,390
of which Non-recurring financial charges: +€112,190
- Staff costs -€94,294
down €94,294 (-4.8%), from €2.0m to €1.9m
- Depreciation +€38,506
up €38,506 (+20.8%), from €185,498 to €224,004
- Financial income -€18,531
down €18,531 (-84.0%), from €22,068 to €3,537
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.
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.
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €2,861,708 | €2,643,824 | -€217,884 | -7.6% |
| Fixed assets | 21/28 | €684,702 | €664,939 | -€19,763 | -2.9% |
| Intangible fixed assets | 21 | €656,513 | €538,105 | -€118,408 | -18.0% |
| Tangible fixed assets | 22/27 | €23,769 | €120,414 | +€96,645 | +407% |
| Plant, machinery and equipment | 23 | €21,460 | €89,841 | +€68,381 | +319% |
| Furniture and vehicles | 24 | €2,309 | €30,573 | +€28,264 | +1,224% |
| Financial fixed assets | 28 | €4,420 | €6,420 | +€2,000 | +45.2% |
| Current assets | 29/58 | €2,177,006 | €1,978,885 | -€198,121 | -9.1% |
| Amounts receivable within one year | 40/41 | €1,967,064 | €1,680,033 | -€287,031 | -14.6% |
| Trade receivables | 40 | €1,756,619 | €1,486,111 | -€270,507 | -15.4% |
| Other amounts receivable | 41 | €210,446 | €193,922 | -€16,524 | -7.9% |
| Cash at bank and in hand | 54/58 | €205,613 | €288,938 | +€83,324 | +40.5% |
| Deferred charges and accrued income | 490/1 | €4,328 | €9,915 | +€5,586 | +129% |
| Total equity and liabilities | 10/49 | €2,861,708 | €2,643,824 | -€217,884 | -7.6% |
| Equity | 10/15 | €714,509 | -€1,358,082 | -€2.1m | |
| Contributions | 10/11 | €3,048,550 | €3,048,550 | = | 0.0% |
| Reserves | 13 | €54,627 | €54,627 | = | 0.0% |
| Tax-exempt reserves | 132 | €54,627 | €54,627 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€2,388,668 | -€4,461,260 | -€2.1m | -86.8% |
| Provisions and deferred taxes | 16 | €4,000 | €4,000 | = | 0.0% |
| Provisions for liabilities and charges | 160/5 | €4,000 | €4,000 | = | 0.0% |
| Environmental obligations | 163 | €4,000 | €4,000 | = | 0.0% |
| Amounts payable | 17/49 | €2,143,199 | €3,997,907 | +€1.9m | +86.5% |
| Amounts payable within one year | 42/48 | €2,103,419 | €3,702,439 | +€1.6m | +76.0% |
| Trade debts | 44 | €1,762,701 | €1,377,655 | -€385,046 | -21.8% |
| Suppliers | 440/4 | €1,762,701 | €1,377,655 | -€385,046 | -21.8% |
| Taxes, remuneration and social security | 45 | €340,562 | €332,685 | -€7,876 | -2.3% |
| Taxes | 450/3 | €33,101 | €38,555 | +€5,454 | +16.5% |
| Remuneration and social security | 454/9 | €307,461 | €294,130 | -€13,331 | -4.3% |
| Other amounts payable | 47/48 | €156 | €1,992,098 | +€2.0m | +1,276,150% |
| Accrued charges and deferred income | 492/3 | €39,780 | €295,468 | +€255,688 | +643% |
| Remuneration, social security and pensions | 62 | €1,971,345 | €1,877,050 | -€94,294 | -4.8% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €185,498 | €224,004 | +€38,506 | +20.8% |
| Provisions for liabilities and charges: additions (uses and reversals) | 635/8 | €0 | - | = | |
| Other operating charges | 640/8 | €68,077 | €66,126 | -€1,951 | -2.9% |
| Gross operating margin | 9900 | €1,456,242 | €247,008 | -€1.2m | -83.0% |
| Operating profit (loss) | 9901 | -€768,678 | -€1,920,172 | -€1.2m | -150% |
| Financial income | 75/76B | €22,068 | €3,537 | -€18,531 | -84.0% |
| Recurring financial income | 75 | €22,068 | €3,537 | -€18,531 | -84.0% |
| Financial charges | 65/66B | €9,933 | €153,390 | +€143,457 | +1,444% |
| Recurring financial charges | 65 | €9,933 | €41,200 | +€31,267 | +315% |
| Non-recurring financial charges | 66B | - | €112,190 | +€112,190 | |
| Profit (loss) for the period before taxes | 9903 | -€756,543 | -€2,070,025 | -€1.3m | -174% |
| Income taxes | 67/77 | €19,079 | €2,567 | -€16,512 | -86.5% |
| Profit (loss) for the period | 9904 | -€775,621 | -€2,072,592 | -€1.3m | -167% |
| Profit (loss) for the period to be appropriated | 9905 | -€775,621 | -€2,072,592 | -€1.3m | -167% |
Next steps
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 4 November 2026 via checked.be.