HET AL: what changed
Two fiscal 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.
HET AL
Largest movements
- Receivables within one year -€1,579
down €1,579 (-10.6%), from €14,914 to €13,335
of which Other amounts receivable: -€1,579
- Tangible fixed assets -€508
down €508 (-51.9%), from €978 to €470
of which Plant, machinery and equipment: -€508
- Cash +€501
up €501 (+931.7%), from €54 to €554
mainly Receivables within one year (+€1,579) and Depreciation (+€508)
- Profit (loss) carried forward -€1,496
down €1,496 (-49.9%), from -€2,995 to -€4,490
- Other debts -€772
down €772 (-100.0%), from €772 to €0
- Trade debts +€400
up €400, from €0 to €400
- Tax, wage and social debts +€232
new in 2025: €232
- Depreciation -€423
down €423 (-45.5%), from €931 to €508
- Gross operating margin +€375
up €375 (+34.2%), from -€1,096 to -€720
- Other operating charges +€207
up €207 (+53.5%), from €387 to €595
- Financial income -€50
down €50 (-11.5%), from €431 to €381
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.
Cash bridge derived
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 | €16,377 | €14,741 | -€1,636 | -10.0% |
| Fixed assets | 21/28 | €978 | €470 | -€508 | -51.9% |
| Tangible fixed assets | 22/27 | €978 | €470 | -€508 | -51.9% |
| Plant, machinery and equipment | 23 | €978 | €470 | -€508 | -51.9% |
| Furniture and vehicles | 24 | €0 | - | = | |
| Current assets | 29/58 | €15,399 | €14,271 | -€1,128 | -7.3% |
| Amounts receivable within one year | 40/41 | €14,914 | €13,335 | -€1,579 | -10.6% |
| Trade receivables | 40 | €0 | - | = | |
| Other amounts receivable | 41 | €14,914 | €13,335 | -€1,579 | -10.6% |
| Cash at bank and in hand | 54/58 | €54 | €554 | +€501 | +931.7% |
| Deferred charges and accrued income | 490/1 | €431 | €381 | -€50 | -11.5% |
| Total equity and liabilities | 10/49 | €16,377 | €14,741 | -€1,636 | -10.0% |
| Equity | 10/15 | €15,605 | €14,110 | -€1,496 | -9.6% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€2,995 | -€4,490 | -€1,496 | -49.9% |
| Amounts payable | 17/49 | €772 | €631 | -€141 | -18.2% |
| Amounts payable within one year | 42/48 | €772 | €631 | -€141 | -18.2% |
| Trade debts | 44 | €0 | €400 | +€400 | |
| Suppliers | 440/4 | €0 | €400 | +€400 | |
| Taxes, remuneration and social security | 45 | - | €232 | +€232 | |
| Taxes | 450/3 | - | €232 | +€232 | |
| Other amounts payable | 47/48 | €772 | €0 | -€772 | -100.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €931 | €508 | -€423 | -45.5% |
| Other operating charges | 640/8 | €387 | €595 | +€207 | +53.5% |
| Gross operating margin | 9900 | -€1,096 | -€720 | +€375 | +34.2% |
| Operating profit (loss) | 9901 | -€2,414 | -€1,823 | +€591 | +24.5% |
| Financial income | 75/76B | €431 | €381 | -€50 | -11.5% |
| Recurring financial income | 75 | €431 | €381 | -€50 | -11.5% |
| Financial charges | 65/66B | €54 | €54 | = | 0.0% |
| Recurring financial charges | 65 | €54 | €54 | = | 0.0% |
| Profit (loss) for the period before taxes | 9903 | -€2,037 | -€1,496 | +€542 | +26.6% |
| Profit (loss) for the period | 9904 | -€2,037 | -€1,496 | +€542 | +26.6% |
| Profit (loss) for the period to be appropriated | 9905 | -€2,037 | -€1,496 | +€542 | +26.6% |
Source: filed annual accounts (NBB), fiscal years ended 31 December 2024 and 31 December 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 8 October 2026 via checked.be.