HET TEAM: 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 TEAM
Largest movements
- Cash -€1,487
down €1,487 (-8.7%), from €17,105 to €15,618
mainly Net result for the year (-€3,555) and Investment in fixed assets (net) (-€2,355)
- Tangible fixed assets +€1,337
up €1,337 (+43.1%), from €3,105 to €4,441
of which Other tangible fixed assets: +€2,177
- Receivables within one year -€986
down €986 (-21.1%), from €4,668 to €3,682
of which Other amounts receivable: -€2,330
- Tax, wage and social debts +€2,417
up €2,417 (+56.6%), from €4,273 to €6,690
of which Taxes: +€2,440
- Reserves -€1,860
down €1,860 (-6.9%), from €26,860 to €25,000
of which Distributable reserves: -€1,860
- Profit (loss) carried forward -€1,695
down €1,695 (-20.4%), from -€8,292 to -€9,987
- Gross operating margin +€14,569
up €14,569, from -€1,318 to €13,251
- Staff costs +€9,070
up €9,070 (+277.7%), from €3,266 to €12,335
- Other operating charges -€2,236
down €2,236 (-57.0%), from €3,926 to €1,690
- Depreciation -€700
down €700 (-40.7%), from €1,718 to €1,018
- Financial charges -€671
down €671 (-27.5%), from €2,440 to €1,769
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 | €52,220 | €50,983 | -€1,237 | -2.4% |
| Fixed assets | 21/28 | €3,105 | €4,441 | +€1,337 | +43.1% |
| Tangible fixed assets | 22/27 | €3,105 | €4,441 | +€1,337 | +43.1% |
| Plant, machinery and equipment | 23 | €3,105 | €2,265 | -€840 | -27.1% |
| Other tangible fixed assets | 26 | €0 | €2,177 | +€2,177 | |
| Current assets | 29/58 | €49,116 | €46,542 | -€2,574 | -5.2% |
| Stocks and contracts in progress | 3 | €1,692 | €1,900 | +€208 | +12.3% |
| Stocks | 30/36 | €1,692 | €1,900 | +€208 | +12.3% |
| Amounts receivable within one year | 40/41 | €4,668 | €3,682 | -€986 | -21.1% |
| Trade receivables | 40 | €338 | €1,682 | +€1,344 | +398.2% |
| Other amounts receivable | 41 | €4,330 | €2,000 | -€2,330 | -53.8% |
| Current investments | 50/53 | €25,000 | €25,000 | = | 0.0% |
| Cash at bank and in hand | 54/58 | €17,105 | €15,618 | -€1,487 | -8.7% |
| Deferred charges and accrued income | 490/1 | €651 | €342 | -€309 | -47.4% |
| Total equity and liabilities | 10/49 | €52,220 | €50,983 | -€1,237 | -2.4% |
| Equity | 10/15 | €37,168 | €33,613 | -€3,555 | -9.6% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €26,860 | €25,000 | -€1,860 | -6.9% |
| Non-distributable reserves | 130/1 | €25,000 | €25,000 | = | 0.0% |
| Own shares acquired | 1312 | €25,000 | €25,000 | = | 0.0% |
| Distributable reserves | 133 | €1,860 | €0 | -€1,860 | -100.0% |
| Profit (loss) carried forward | 14 | -€8,292 | -€9,987 | -€1,695 | -20.4% |
| Amounts payable | 17/49 | €15,052 | €17,370 | +€2,318 | +15.4% |
| Amounts payable within one year | 42/48 | €15,052 | €17,370 | +€2,318 | +15.4% |
| Trade debts | 44 | €1,065 | €1,165 | +€100 | +9.4% |
| Suppliers | 440/4 | €1,065 | €1,165 | +€100 | +9.4% |
| Taxes, remuneration and social security | 45 | €4,273 | €6,690 | +€2,417 | +56.6% |
| Taxes | 450/3 | €3,472 | €5,912 | +€2,440 | +70.3% |
| Remuneration and social security | 454/9 | €801 | €778 | -€23 | -2.8% |
| Other amounts payable | 47/48 | €9,714 | €9,514 | -€200 | -2.1% |
| Remuneration, social security and pensions | 62 | €3,266 | €12,335 | +€9,070 | +277.7% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €1,718 | €1,018 | -€700 | -40.7% |
| Other operating charges | 640/8 | €3,926 | €1,690 | -€2,236 | -57.0% |
| Gross operating margin | 9900 | -€1,318 | €13,251 | +€14,569 | |
| Operating profit (loss) | 9901 | -€10,228 | -€1,793 | +€8,435 | +82.5% |
| Financial income | 75/76B | €0 | €7 | +€7 | |
| Recurring financial income | 75 | €0 | €7 | +€7 | |
| Financial charges | 65/66B | €2,440 | €1,769 | -€671 | -27.5% |
| Recurring financial charges | 65 | €2,440 | €1,769 | -€671 | -27.5% |
| Profit (loss) for the period before taxes | 9903 | -€12,667 | -€3,555 | +€9,113 | +71.9% |
| Income taxes | 67/77 | €0 | - | = | |
| Profit (loss) for the period | 9904 | -€12,667 | -€3,555 | +€9,113 | +71.9% |
| Profit (loss) for the period to be appropriated | 9905 | -€12,667 | -€3,555 | +€9,113 | +71.9% |
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 7 October 2026 via checked.be.