HET RAND: 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 RAND
Largest movements
- Receivables within one year -€34,891
down €34,891 (-57.2%), from €61,022 to €26,131
of which Other amounts receivable: -€19,682
- Stocks and contracts +€15,000
new in 2025: €15,000
- Tangible fixed assets -€1,759
down €1,759 (-24.6%), from €7,152 to €5,393
of which Furniture and vehicles: -€1,230
- Profit (loss) carried forward -€66,428
down €66,428, from €12,972 to -€53,456
- Accrued charges and deferred income +€31,869
new in 2025: €31,869
- Trade debts -€26,299
no longer reported in 2025 (was €26,299)
- Other debts +€21,671
new in 2025: €21,671
- Tax, wage and social debts +€18,379
up €18,379 (+73.2%), from €25,102 to €43,481
of which Taxes: +€19,005
- Gross operating margin -€118,203
down €118,203, from €106,060 to -€12,144
- Staff costs -€55,664
down €55,664 (-70.6%), from €78,802 to €23,137
- Other operating charges +€20,339
up €20,339 (+463.0%), from €4,393 to €24,732
- Taxes -€6,302
down €6,302 (-90.8%), from €6,944 to €642
- Financial charges +€2,710
up €2,710 (+206.5%), from €1,312 to €4,022
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 | €69,374 | €48,565 | -€20,809 | -30.0% |
| Fixed assets | 21/28 | €7,152 | €5,393 | -€1,759 | -24.6% |
| Tangible fixed assets | 22/27 | €7,152 | €5,393 | -€1,759 | -24.6% |
| Plant, machinery and equipment | 23 | €2,195 | €1,666 | -€529 | -24.1% |
| Furniture and vehicles | 24 | €4,957 | €3,727 | -€1,230 | -24.8% |
| Current assets | 29/58 | €62,221 | €43,172 | -€19,050 | -30.6% |
| Stocks and contracts in progress | 3 | - | €15,000 | +€15,000 | |
| Stocks | 30/36 | - | €15,000 | +€15,000 | |
| Amounts receivable within one year | 40/41 | €61,022 | €26,131 | -€34,891 | -57.2% |
| Trade receivables | 40 | €41,339 | €26,131 | -€15,208 | -36.8% |
| Other amounts receivable | 41 | €19,682 | - | -€19,682 | |
| Cash at bank and in hand | 54/58 | €1,200 | €1,879 | +€679 | +56.6% |
| Deferred charges and accrued income | 490/1 | - | €162 | +€162 | |
| Total equity and liabilities | 10/49 | €69,374 | €48,565 | -€20,809 | -30.0% |
| Equity | 10/15 | €17,972 | -€48,456 | -€66,428 | |
| Contributions | 10/11 | €5,000 | €5,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | €12,972 | -€53,456 | -€66,428 | |
| Amounts payable | 17/49 | €51,401 | €97,021 | +€45,619 | +88.8% |
| Amounts payable within one year | 42/48 | €51,401 | €65,151 | +€13,750 | +26.8% |
| Trade debts | 44 | €26,299 | - | -€26,299 | |
| Suppliers | 440/4 | €26,299 | - | -€26,299 | |
| Taxes, remuneration and social security | 45 | €25,102 | €43,481 | +€18,379 | +73.2% |
| Taxes | 450/3 | €24,476 | €43,481 | +€19,005 | +77.6% |
| Remuneration and social security | 454/9 | €626 | - | -€626 | |
| Other amounts payable | 47/48 | - | €21,671 | +€21,671 | |
| Accrued charges and deferred income | 492/3 | - | €31,869 | +€31,869 | |
| Remuneration, social security and pensions | 62 | €78,802 | €23,137 | -€55,664 | -70.6% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €1,644 | €1,759 | +€115 | +7.0% |
| Other operating charges | 640/8 | €4,393 | €24,732 | +€20,339 | +463.0% |
| Gross operating margin | 9900 | €106,060 | -€12,144 | -€118,203 | |
| Operating profit (loss) | 9901 | €21,221 | -€61,772 | -€82,993 | |
| Financial income | 75/76B | €8 | €8 | +€0 | +6.1% |
| Recurring financial income | 75 | €8 | €8 | +€0 | +6.1% |
| Financial charges | 65/66B | €1,312 | €4,022 | +€2,710 | +206.5% |
| Recurring financial charges | 65 | €1,312 | €4,022 | +€2,710 | +206.5% |
| Profit (loss) for the period before taxes | 9903 | €19,917 | -€65,786 | -€85,703 | |
| Income taxes | 67/77 | €6,944 | €642 | -€6,302 | -90.8% |
| Profit (loss) for the period | 9904 | €12,972 | -€66,428 | -€79,400 | |
| Profit (loss) for the period to be appropriated | 9905 | €12,972 | -€66,428 | -€79,400 |
Source: filed annual accounts (NBB), fiscal years ended 30 June 2024 and 30 June 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 3 October 2026 via checked.be.