HEPTAPOES: 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.
HEPTAPOES
Largest movements
- Cash +€79,384
up €79,384 (+53.4%), from €148,601 to €227,985
mainly Net result for the year (+€67,227) and Receivables within one year (+€45,939)
- Receivables within one year -€45,939
down €45,939 (-77.6%), from €59,197 to €13,258
of which Trade receivables: -€43,228
- Deferred charges and accrued income +€13,653
up €13,653 (+10,287%), from €133 to €13,786
- Reserves +€50,301
up €50,301 (+26.7%), from €188,672 to €238,974
- Gross operating margin +€20,953
up €20,953 (+27.5%), from €76,214 to €97,167
- Taxes +€5,707
up €5,707 (+29.2%), from €19,529 to €25,236
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.
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.
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €216,781 | €265,860 | +€49,079 | +22.6% |
| Fixed assets | 21/28 | €8,851 | €10,831 | +€1,981 | +22.4% |
| Tangible fixed assets | 22/27 | €8,851 | €10,831 | +€1,981 | +22.4% |
| Plant, machinery and equipment | 23 | €931 | €242 | -€688 | -74.0% |
| Furniture and vehicles | 24 | €7,920 | €10,589 | +€2,669 | +33.7% |
| Current assets | 29/58 | €207,931 | €255,028 | +€47,098 | +22.7% |
| Stocks and contracts in progress | 3 | €0 | - | = | |
| Stocks | 30/36 | €0 | - | = | |
| Amounts receivable within one year | 40/41 | €59,197 | €13,258 | -€45,939 | -77.6% |
| Trade receivables | 40 | €47,467 | €4,239 | -€43,228 | -91.1% |
| Other amounts receivable | 41 | €11,730 | €9,019 | -€2,711 | -23.1% |
| Cash at bank and in hand | 54/58 | €148,601 | €227,985 | +€79,384 | +53.4% |
| Deferred charges and accrued income | 490/1 | €133 | €13,786 | +€13,653 | +10,287% |
| Total equity and liabilities | 10/49 | €216,781 | €265,860 | +€49,079 | +22.6% |
| Equity | 10/15 | €207,272 | €257,574 | +€50,301 | +24.3% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €188,672 | €238,974 | +€50,301 | +26.7% |
| Distributable reserves | 133 | €188,672 | €238,974 | +€50,301 | +26.7% |
| Profit (loss) carried forward | 14 | €0 | €0 | = | |
| Amounts payable | 17/49 | €9,509 | €8,286 | -€1,223 | -12.9% |
| Amounts payable within one year | 42/48 | €9,147 | €7,419 | -€1,729 | -18.9% |
| Trade debts | 44 | €42 | €57 | +€15 | +35.7% |
| Suppliers | 440/4 | €42 | €57 | +€15 | +35.7% |
| Taxes, remuneration and social security | 45 | €3,610 | €2,400 | -€1,210 | -33.5% |
| Taxes | 450/3 | €1,210 | €0 | -€1,210 | -100% |
| Remuneration and social security | 454/9 | €2,400 | €2,400 | = | 0.0% |
| Other amounts payable | 47/48 | €5,495 | €4,962 | -€533 | -9.7% |
| Accrued charges and deferred income | 492/3 | €361 | €867 | +€506 | +140% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €4,267 | €4,092 | -€176 | -4.1% |
| Other operating charges | 640/8 | €387 | €420 | +€32 | +8.4% |
| Gross operating margin | 9900 | €76,214 | €97,167 | +€20,953 | +27.5% |
| Operating profit (loss) | 9901 | €71,559 | €92,655 | +€21,096 | +29.5% |
| Financial income | 75/76B | €0 | - | = | |
| Recurring financial income | 75 | €0 | - | = | |
| Financial charges | 65/66B | €172 | €192 | +€20 | +11.5% |
| Recurring financial charges | 65 | €172 | €192 | +€20 | +11.5% |
| Profit (loss) for the period before taxes | 9903 | €71,387 | €92,464 | +€21,077 | +29.5% |
| Income taxes | 67/77 | €19,529 | €25,236 | +€5,707 | +29.2% |
| Profit (loss) for the period | 9904 | €51,858 | €67,227 | +€15,369 | +29.6% |
| Profit (loss) for the period to be appropriated | 9905 | €51,858 | €67,227 | +€15,369 | +29.6% |
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 23 October 2026 via checked.be.