HET LOOKS: 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 LOOKS
Largest movements
- Tangible fixed assets +€28,866
up €28,866 (+5.2%), from €551,064 to €579,929
of which Land and buildings: +€55,995
- Receivables within one year -€23,994
down €23,994 (-96.0%), from €24,996 to €1,002
of which Trade receivables: -€15,819
- Cash +€13,363
up €13,363 (+16.8%), from €79,520 to €92,883
mainly Depreciation (+€77,743) and Net result for the year (+€53,501)
- Current investments +€13,170
up €13,170 (+159%), from €8,292 to €21,462
- Reserves +€53,501
up €53,501 (+25.3%), from €211,402 to €264,903
- Trade debts +€30,771
up €30,771 (+107%), from €28,843 to €59,614
- Other debts -€29,270
down €29,270 (-66.1%), from €44,304 to €15,034
- Debts after one year -€23,257
down €23,257 (-8.3%), from €279,722 to €256,466
- Staff costs -€20,529
down €20,529 (-7.6%), from €271,213 to €250,684
- Gross operating margin +€14,870
up €14,870 (+3.6%), from €410,332 to €425,203
- Taxes +€10,184
up €10,184 (+87.6%), from €11,626 to €21,810
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 | €673,851 | €704,224 | +€30,374 | +4.5% |
| Fixed assets | 21/28 | €556,093 | €582,459 | +€26,366 | +4.7% |
| Intangible fixed assets | 21 | €4,740 | €2,240 | -€2,500 | -52.7% |
| Tangible fixed assets | 22/27 | €551,064 | €579,929 | +€28,866 | +5.2% |
| Land and buildings | 22 | €443,932 | €499,927 | +€55,995 | +12.6% |
| Plant, machinery and equipment | 23 | €77,969 | €51,801 | -€26,168 | -33.6% |
| Furniture and vehicles | 24 | €27,734 | €27,501 | -€232 | -0.8% |
| Other tangible fixed assets | 26 | €1,429 | €700 | -€728 | -51.0% |
| Financial fixed assets | 28 | €290 | €290 | = | 0.0% |
| Current assets | 29/58 | €117,757 | €121,765 | +€4,008 | +3.4% |
| Stocks and contracts in progress | 3 | €2,136 | €6,332 | +€4,195 | +196% |
| Stocks | 30/36 | €2,136 | €6,332 | +€4,195 | +196% |
| Amounts receivable within one year | 40/41 | €24,996 | €1,002 | -€23,994 | -96.0% |
| Trade receivables | 40 | €15,819 | - | -€15,819 | |
| Other amounts receivable | 41 | €9,178 | €1,002 | -€8,175 | -89.1% |
| Current investments | 50/53 | €8,292 | €21,462 | +€13,170 | +159% |
| Cash at bank and in hand | 54/58 | €79,520 | €92,883 | +€13,363 | +16.8% |
| Deferred charges and accrued income | 490/1 | €2,813 | €86 | -€2,726 | -96.9% |
| Total equity and liabilities | 10/49 | €673,851 | €704,224 | +€30,374 | +4.5% |
| Equity | 10/15 | €212,402 | €265,903 | +€53,501 | +25.2% |
| Contributions | 10/11 | €1,000 | €1,000 | = | 0.0% |
| Reserves | 13 | €211,402 | €264,903 | +€53,501 | +25.3% |
| Distributable reserves | 133 | €211,402 | €264,903 | +€53,501 | +25.3% |
| Amounts payable | 17/49 | €461,449 | €438,322 | -€23,127 | -5.0% |
| Amounts payable after more than one year | 17 | €279,722 | €256,466 | -€23,257 | -8.3% |
| Financial debts | 170/4 | €279,722 | €256,466 | -€23,257 | -8.3% |
| Amounts payable within one year | 42/48 | €180,091 | €180,412 | +€320 | +0.2% |
| Current portion of amounts payable after more than one year | 42 | €65,577 | €61,789 | -€3,788 | -5.8% |
| Trade debts | 44 | €28,843 | €59,614 | +€30,771 | +107% |
| Suppliers | 440/4 | €28,843 | €59,614 | +€30,771 | +107% |
| Taxes, remuneration and social security | 45 | €41,368 | €43,974 | +€2,607 | +6.3% |
| Taxes | 450/3 | €13,024 | €23,430 | +€10,406 | +79.9% |
| Remuneration and social security | 454/9 | €28,343 | €20,544 | -€7,799 | -27.5% |
| Other amounts payable | 47/48 | €44,304 | €15,034 | -€29,270 | -66.1% |
| Accrued charges and deferred income | 492/3 | €1,635 | €1,445 | -€191 | -11.7% |
| Remuneration, social security and pensions | 62 | €271,213 | €250,684 | -€20,529 | -7.6% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €78,360 | €77,743 | -€617 | -0.8% |
| Other operating charges | 640/8 | €2,923 | €3,226 | +€303 | +10.4% |
| Gross operating margin | 9900 | €410,332 | €425,203 | +€14,870 | +3.6% |
| Operating profit (loss) | 9901 | €57,837 | €93,549 | +€35,713 | +61.7% |
| Financial income | 75/76B | €891 | €1,888 | +€997 | +112% |
| Recurring financial income | 75 | €891 | €1,888 | +€997 | +112% |
| Financial charges | 65/66B | €18,962 | €20,126 | +€1,164 | +6.1% |
| Recurring financial charges | 65 | €18,962 | €20,126 | +€1,164 | +6.1% |
| Profit (loss) for the period before taxes | 9903 | €39,766 | €75,311 | +€35,545 | +89.4% |
| Income taxes | 67/77 | €11,626 | €21,810 | +€10,184 | +87.6% |
| Profit (loss) for the period | 9904 | €28,140 | €53,501 | +€25,361 | +90.1% |
| Profit (loss) for the period to be appropriated | 9905 | €28,140 | €53,501 | +€25,361 | +90.1% |
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 22 October 2026 via checked.be.