HEQIS: 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.
HEQIS
Largest movements
- Tangible fixed assets +€73,436
up €73,436, from €0 to €73,436
- Cash +€36,097
up €36,097 (+537%), from €6,727 to €42,824
mainly Other debts (+€129,465) and Debts after one year (+€40,676)
- Receivables within one year +€27,245
up €27,245 (+959%), from €2,841 to €30,086
of which Trade receivables: +€29,640
- Stocks and contracts +€10,759
new in 2025: €10,759
- Other debts +€129,465
up €129,465 (+21,836%), from €593 to €130,058
- Profit (loss) carried forward -€63,204
down €63,204 (-114%), from -€55,323 to -€118,527
- Debts after one year +€40,676
new in 2025: €40,676
- Trade debts +€16,835
up €16,835 (+603%), from €2,793 to €19,629
- Tax, wage and social debts +€13,511
new in 2025: €13,511
of which Taxes: +€6,944
- Staff costs +€37,274
new in 2025: €37,274
- Gross operating margin -€7,459
down €7,459 (-61.9%), from -€12,047 to -€19,506
- Financial charges +€1,712
up €1,712 (+719%), from €238 to €1,950
- Depreciation +€1,090
up €1,090 (+32.2%), from €3,386 to €4,476
- Other operating charges -€678
down €678 (-100%), from €678 to €0
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 | €9,663 | €158,455 | +€148,792 | +1,540% |
| Fixed assets | 21/28 | €0 | €73,436 | +€73,436 | |
| Tangible fixed assets | 22/27 | €0 | €73,436 | +€73,436 | |
| Plant, machinery and equipment | 23 | €0 | €73,436 | +€73,436 | |
| Current assets | 29/58 | €9,663 | €85,020 | +€75,356 | +780% |
| Stocks and contracts in progress | 3 | - | €10,759 | +€10,759 | |
| Stocks | 30/36 | - | €10,759 | +€10,759 | |
| Amounts receivable within one year | 40/41 | €2,841 | €30,086 | +€27,245 | +959% |
| Trade receivables | 40 | €0 | €29,640 | +€29,640 | |
| Other amounts receivable | 41 | €2,841 | €446 | -€2,395 | -84.3% |
| Cash at bank and in hand | 54/58 | €6,727 | €42,824 | +€36,097 | +537% |
| Deferred charges and accrued income | 490/1 | €95 | €1,351 | +€1,256 | +1,324% |
| Total equity and liabilities | 10/49 | €9,663 | €158,455 | +€148,792 | +1,540% |
| Equity | 10/15 | €6,277 | -€56,927 | -€63,204 | |
| Contributions | 10/11 | €61,600 | €61,600 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€55,323 | -€118,527 | -€63,204 | -114% |
| Amounts payable | 17/49 | €3,386 | €215,382 | +€211,996 | +6,260% |
| Amounts payable after more than one year | 17 | - | €40,676 | +€40,676 | |
| Financial debts | 170/4 | - | €40,676 | +€40,676 | |
| Amounts payable within one year | 42/48 | €3,386 | €172,522 | +€169,135 | +4,995% |
| Current portion of amounts payable after more than one year | 42 | - | €9,324 | +€9,324 | |
| Trade debts | 44 | €2,793 | €19,629 | +€16,835 | +603% |
| Suppliers | 440/4 | €2,793 | €19,629 | +€16,835 | +603% |
| Taxes, remuneration and social security | 45 | - | €13,511 | +€13,511 | |
| Taxes | 450/3 | - | €6,944 | +€6,944 | |
| Remuneration and social security | 454/9 | - | €6,567 | +€6,567 | |
| Other amounts payable | 47/48 | €593 | €130,058 | +€129,465 | +21,836% |
| Accrued charges and deferred income | 492/3 | - | €2,185 | +€2,185 | |
| Remuneration, social security and pensions | 62 | - | €37,274 | +€37,274 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €3,386 | €4,476 | +€1,090 | +32.2% |
| Other operating charges | 640/8 | €678 | €0 | -€678 | -100% |
| Gross operating margin | 9900 | -€12,047 | -€19,506 | -€7,459 | -61.9% |
| Operating profit (loss) | 9901 | -€16,111 | -€61,257 | -€45,146 | -280% |
| Financial income | 75/76B | €0 | €3 | +€3 | |
| Recurring financial income | 75 | €0 | €3 | +€3 | |
| Financial charges | 65/66B | €238 | €1,950 | +€1,712 | +719% |
| Recurring financial charges | 65 | €238 | €1,950 | +€1,712 | +719% |
| Profit (loss) for the period before taxes | 9903 | -€16,349 | -€63,204 | -€46,854 | -287% |
| Profit (loss) for the period | 9904 | -€16,349 | -€63,204 | -€46,854 | -287% |
| Profit (loss) for the period to be appropriated | 9905 | -€16,349 | -€63,204 | -€46,854 | -287% |
Source: filed annual accounts (NBB), financial years ended 30 June 2024 and 30 June 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 17 October 2026 via checked.be.