Heta Management: 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.
Heta Management
Largest movements
- Tangible fixed assets +€24,825
up €24,825 (+220.3%), from €11,270 to €36,095
of which Furniture and vehicles: +€22,467
- Current investments -€20,000
no longer reported in 2025 (was €20,000)
- Cash -€19,466
down €19,466 (-67.8%), from €28,701 to €9,235
mainly Other debts (-€45,576) and Investment in fixed assets (net) (-€26,802)
- Receivables within one year +€921
up €921 (+8.6%), from €10,726 to €11,647
of which Other amounts receivable: +€921
- Other debts -€45,576
down €45,576 (-93.2%), from €48,875 to €3,299
- Debts after one year +€23,112
new in 2025: €23,112
- Tax, wage and social debts -€13,562
down €13,562 (-67.9%), from €19,986 to €6,424
of which Taxes: -€17,019
- Profit (loss) carried forward +€12,741
up €12,741 (+14206.1%), from €90 to €12,831
- Current portion of long-term debt +€7,658
new in 2025: €7,658
- Other operating charges +€2,693
up €2,693 (+229.3%), from €1,174 to €3,867
- Depreciation -€2,504
down €2,504 (-58.6%), from €4,276 to €1,772
- Taxes -€574
down €574 (-9.8%), from €5,857 to €5,284
- Financial income +€468
new in 2025: €468
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 | €71,983 | €58,826 | -€13,157 | -18.3% |
| Fixed assets | 21/28 | €11,270 | €36,300 | +€25,030 | +222.1% |
| Tangible fixed assets | 22/27 | €11,270 | €36,095 | +€24,825 | +220.3% |
| Furniture and vehicles | 24 | €11,270 | €33,736 | +€22,467 | +199.4% |
| Other tangible fixed assets | 26 | - | €2,358 | +€2,358 | |
| Financial fixed assets | 28 | - | €205 | +€205 | |
| Current assets | 29/58 | €60,713 | €22,526 | -€38,187 | -62.9% |
| Amounts receivable within one year | 40/41 | €10,726 | €11,647 | +€921 | +8.6% |
| Trade receivables | 40 | €10,083 | €10,083 | = | 0.0% |
| Other amounts receivable | 41 | €643 | €1,564 | +€921 | +143.2% |
| Current investments | 50/53 | €20,000 | - | -€20,000 | |
| Cash at bank and in hand | 54/58 | €28,701 | €9,235 | -€19,466 | -67.8% |
| Deferred charges and accrued income | 490/1 | €1,286 | €1,645 | +€358 | +27.9% |
| Total equity and liabilities | 10/49 | €71,983 | €58,826 | -€13,157 | -18.3% |
| Equity | 10/15 | €2,090 | €14,831 | +€12,741 | +609.7% |
| Contributions | 10/11 | €2,000 | €2,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | €90 | €12,831 | +€12,741 | +14206.1% |
| Amounts payable | 17/49 | €69,893 | €43,995 | -€25,898 | -37.1% |
| Amounts payable after more than one year | 17 | - | €23,112 | +€23,112 | |
| Financial debts | 170/4 | - | €23,112 | +€23,112 | |
| Amounts payable within one year | 42/48 | €69,893 | €20,882 | -€49,011 | -70.1% |
| Current portion of amounts payable after more than one year | 42 | - | €7,658 | +€7,658 | |
| Trade debts | 44 | €1,032 | €3,501 | +€2,469 | +239.2% |
| Suppliers | 440/4 | €1,032 | €3,501 | +€2,469 | +239.2% |
| Taxes, remuneration and social security | 45 | €19,986 | €6,424 | -€13,562 | -67.9% |
| Taxes | 450/3 | €19,964 | €2,945 | -€17,019 | -85.2% |
| Remuneration and social security | 454/9 | €22 | €3,479 | +€3,458 | +15860.3% |
| Other amounts payable | 47/48 | €48,875 | €3,299 | -€45,576 | -93.2% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €4,276 | €1,772 | -€2,504 | -58.6% |
| Other operating charges | 640/8 | €1,174 | €3,867 | +€2,693 | +229.3% |
| Gross operating margin | 9900 | €27,672 | €27,623 | -€49 | -0.2% |
| Operating profit (loss) | 9901 | €22,222 | €21,984 | -€238 | -1.1% |
| Financial income | 75/76B | - | €468 | +€468 | |
| Recurring financial income | 75 | - | €468 | +€468 | |
| Financial charges | 65/66B | €321 | €546 | +€224 | +69.8% |
| Recurring financial charges | 65 | €321 | €546 | +€224 | +69.8% |
| Profit (loss) for the period before taxes | 9903 | €21,901 | €21,906 | +€6 | 0.0% |
| Income taxes | 67/77 | €5,857 | €5,284 | -€574 | -9.8% |
| Profit (loss) for the period | 9904 | €16,043 | €16,623 | +€579 | +3.6% |
| Profit (loss) for the period to be appropriated | 9905 | €16,043 | €16,623 | +€579 | +3.6% |
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 29 September 2026 via checked.be.