HEPTO: 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.
HEPTO
Largest movements
- Cash -€19,167
down €19,167 (-21.2%), from €90,304 to €71,138
mainly Contributions, distributions and other (-€129,718) and Other debts (-€5,702)
- Tangible fixed assets -€10,353
down €10,353 (-17.0%), from €60,794 to €50,441
of which Furniture and vehicles: -€10,703
- Receivables within one year -€10,001
down €10,001 (-22.6%), from €44,293 to €34,291
of which Other amounts receivable: -€15,512
- Reserves -€45,049
down €45,049 (-15.7%), from €286,613 to €241,564
- Tax, wage and social debts +€11,559
up €11,559 (+389%), from €2,971 to €14,530
of which Taxes: +€11,559
- Other debts -€5,702
down €5,702 (-54.3%), from €10,504 to €4,801
- Gross operating margin +€29,684
up €29,684 (+30.9%), from €96,064 to €125,748
- Depreciation +€11,191
up €11,191 (+386%), from €2,901 to €14,092
- Taxes +€9,908
up €9,908 (+50.8%), from €19,492 to €29,400
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 | €307,376 | €267,383 | -€39,993 | -13.0% |
| Fixed assets | 21/28 | €60,794 | €50,441 | -€10,353 | -17.0% |
| Intangible fixed assets | 21 | €0 | €0 | -€0 | -90.9% |
| Tangible fixed assets | 22/27 | €60,794 | €50,441 | -€10,353 | -17.0% |
| Plant, machinery and equipment | 23 | €850 | €1,200 | +€350 | +41.1% |
| Furniture and vehicles | 24 | €59,944 | €49,241 | -€10,703 | -17.9% |
| Current assets | 29/58 | €246,582 | €216,942 | -€29,640 | -12.0% |
| Amounts receivable after more than one year | 29 | €110,000 | €110,000 | = | 0.0% |
| Other amounts receivable | 291 | €110,000 | €110,000 | = | 0.0% |
| Amounts receivable within one year | 40/41 | €44,293 | €34,291 | -€10,001 | -22.6% |
| Trade receivables | 40 | €28,781 | €34,291 | +€5,510 | +19.1% |
| Other amounts receivable | 41 | €15,512 | €0 | -€15,512 | -100% |
| Cash at bank and in hand | 54/58 | €90,304 | €71,138 | -€19,167 | -21.2% |
| Deferred charges and accrued income | 490/1 | €1,985 | €1,513 | -€472 | -23.8% |
| Total equity and liabilities | 10/49 | €307,376 | €267,383 | -€39,993 | -13.0% |
| Equity | 10/15 | €291,613 | €246,564 | -€45,049 | -15.4% |
| Contributions | 10/11 | €5,000 | €5,000 | = | 0.0% |
| Reserves | 13 | €286,613 | €241,564 | -€45,049 | -15.7% |
| Distributable reserves | 133 | €286,613 | €241,564 | -€45,049 | -15.7% |
| Profit (loss) carried forward | 14 | €0 | €0 | = | |
| Amounts payable | 17/49 | €15,763 | €20,819 | +€5,056 | +32.1% |
| Amounts payable within one year | 42/48 | €15,153 | €20,309 | +€5,156 | +34.0% |
| Trade debts | 44 | €1,678 | €978 | -€701 | -41.7% |
| Suppliers | 440/4 | €1,678 | €978 | -€701 | -41.7% |
| Taxes, remuneration and social security | 45 | €2,971 | €14,530 | +€11,559 | +389% |
| Taxes | 450/3 | €2,971 | €14,530 | +€11,559 | +389% |
| Remuneration and social security | 454/9 | €0 | - | = | |
| Other amounts payable | 47/48 | €10,504 | €4,801 | -€5,702 | -54.3% |
| Accrued charges and deferred income | 492/3 | €610 | €510 | -€100 | -16.4% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €2,901 | €14,092 | +€11,191 | +386% |
| Other operating charges | 640/8 | €356 | €361 | +€5 | +1.4% |
| Gross operating margin | 9900 | €96,064 | €125,748 | +€29,684 | +30.9% |
| Operating profit (loss) | 9901 | €92,807 | €111,294 | +€18,488 | +19.9% |
| Financial income | 75/76B | €2,873 | €2,842 | -€30 | -1.1% |
| Recurring financial income | 75 | €2,873 | €2,842 | -€30 | -1.1% |
| Financial charges | 65/66B | €609 | €68 | -€542 | -88.9% |
| Recurring financial charges | 65 | €609 | €68 | -€542 | -88.9% |
| Profit (loss) for the period before taxes | 9903 | €95,070 | €114,069 | +€18,999 | +20.0% |
| Income taxes | 67/77 | €19,492 | €29,400 | +€9,908 | +50.8% |
| Profit (loss) for the period | 9904 | €75,578 | €84,669 | +€9,091 | +12.0% |
| Profit (loss) for the period to be appropriated | 9905 | €75,578 | €84,669 | +€9,091 | +12.0% |
Source: filed annual accounts (NBB), financial years ended 30 September 2024 and 30 September 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 18 October 2026 via checked.be.