HET BANES: 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.
HET BANES
Largest movements
- Stocks and contracts -€64,000
down €64,000 (-40.8%), from €157,000 to €93,000
- Tangible fixed assets -€16,527
down €16,527 (-13.0%), from €127,219 to €110,692
of which Plant, machinery and equipment: -€34,960
- Cash +€11,633
up €11,633 (+49.0%), from €23,732 to €35,365
mainly Stocks and contracts (+€64,000) and Depreciation (+€16,210)
- Receivables within one year -€10,352
down €10,352 (-75.2%), from €13,760 to €3,407
of which Trade receivables: -€10,335
- Profit (loss) carried forward -€42,306
down €42,306 (-18.7%), from -€226,339 to -€268,645
- Debts after one year -€40,000
down €40,000 (-24.2%), from €165,000 to €125,000
- Other debts +€14,392
up €14,392 (+5.7%), from €253,129 to €267,521
- Accrued charges and deferred income -€10,405
no longer reported in 2025 (was €10,405)
- Gross operating margin +€45,460
up €45,460 (+56.9%), from -€79,907 to -€34,447
- Financial income +€40,168
up €40,168 (+5,020,943%), from €1 to €40,168
of which Non-recurring financial income: +€40,000
- Other operating charges +€16,099
up €16,099 (+2,380%), from €676 to €16,775
- Depreciation -€4,903
down €4,903 (-23.2%), from €21,113 to €16,210
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 | €323,456 | €243,383 | -€80,073 | -24.8% |
| Fixed assets | 21/28 | €127,219 | €110,692 | -€16,527 | -13.0% |
| Tangible fixed assets | 22/27 | €127,219 | €110,692 | -€16,527 | -13.0% |
| Land and buildings | 22 | €7,830 | - | -€7,830 | |
| Plant, machinery and equipment | 23 | €112,529 | €77,569 | -€34,960 | -31.1% |
| Furniture and vehicles | 24 | €6,860 | €33,123 | +€26,263 | +383% |
| Current assets | 29/58 | €196,237 | €132,691 | -€63,546 | -32.4% |
| Stocks and contracts in progress | 3 | €157,000 | €93,000 | -€64,000 | -40.8% |
| Stocks | 30/36 | €157,000 | €93,000 | -€64,000 | -40.8% |
| Amounts receivable within one year | 40/41 | €13,760 | €3,407 | -€10,352 | -75.2% |
| Trade receivables | 40 | €13,687 | €3,352 | -€10,335 | -75.5% |
| Other amounts receivable | 41 | €73 | €55 | -€18 | -24.3% |
| Cash at bank and in hand | 54/58 | €23,732 | €35,365 | +€11,633 | +49.0% |
| Deferred charges and accrued income | 490/1 | €1,745 | €918 | -€827 | -47.4% |
| Total equity and liabilities | 10/49 | €323,456 | €243,383 | -€80,073 | -24.8% |
| Equity | 10/15 | -€109,339 | -€151,645 | -€42,306 | -38.7% |
| Contributions | 10/11 | €117,000 | €117,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€226,339 | -€268,645 | -€42,306 | -18.7% |
| Amounts payable | 17/49 | €432,794 | €395,028 | -€37,766 | -8.7% |
| Amounts payable after more than one year | 17 | €165,000 | €125,000 | -€40,000 | -24.2% |
| Financial debts | 170/4 | €165,000 | €125,000 | -€40,000 | -24.2% |
| Amounts payable within one year | 42/48 | €257,390 | €270,028 | +€12,638 | +4.9% |
| Trade debts | 44 | €2,496 | €285 | -€2,211 | -88.6% |
| Suppliers | 440/4 | €2,496 | €285 | -€2,211 | -88.6% |
| Taxes, remuneration and social security | 45 | €1,766 | €2,223 | +€457 | +25.9% |
| Taxes | 450/3 | €0 | €1,256 | +€1,256 | |
| Remuneration and social security | 454/9 | €1,766 | €967 | -€799 | -45.3% |
| Other amounts payable | 47/48 | €253,129 | €267,521 | +€14,392 | +5.7% |
| Accrued charges and deferred income | 492/3 | €10,405 | - | -€10,405 | |
| Non-recurring operating income | 76A | - | €578 | +€578 | |
| Remuneration, social security and pensions | 62 | €13,403 | €13,124 | -€278 | -2.1% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €21,113 | €16,210 | -€4,903 | -23.2% |
| Other operating charges | 640/8 | €676 | €16,775 | +€16,099 | +2,380% |
| Non-recurring operating charges | 66A | €3,513 | €0 | -€3,513 | -100.0% |
| Gross operating margin | 9900 | -€79,907 | -€34,447 | +€45,460 | +56.9% |
| Operating profit (loss) | 9901 | -€118,612 | -€80,556 | +€38,056 | +32.1% |
| Financial income | 75/76B | €1 | €40,168 | +€40,168 | +5,020,943% |
| Recurring financial income | 75 | €1 | €168 | +€168 | +20,943% |
| Non-recurring financial income | 76B | - | €40,000 | +€40,000 | |
| Financial charges | 65/66B | €2,646 | €1,918 | -€727 | -27.5% |
| Recurring financial charges | 65 | €2,646 | €1,918 | -€727 | -27.5% |
| Profit (loss) for the period before taxes | 9903 | -€121,257 | -€42,306 | +€78,951 | +65.1% |
| Profit (loss) for the period | 9904 | -€121,257 | -€42,306 | +€78,951 | +65.1% |
| Profit (loss) for the period to be appropriated | 9905 | -€121,257 | -€42,306 | +€78,951 | +65.1% |
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 13 October 2026 via checked.be.