HETANO: 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.
HETANO
Largest movements
- Cash +€28,764
up €28,764 (+95.8%), from €30,025 to €58,789
mainly Net result for the year (+€43,480) and Deferred charges and accrued income (+€4,363)
- Receivables within one year +€13,535
up €13,535 (+13.7%), from €98,778 to €112,313
of which Other amounts receivable: +€16,004
- Tangible fixed assets -€5,391
down €5,391 (-69.3%), from €7,781 to €2,390
of which Land and buildings: -€3,321
- Deferred charges and accrued income -€4,363
down €4,363 (-81.9%), from €5,326 to €964
- Reserves +€43,480
up €43,480 (+17.3%), from €251,674 to €295,153
- Short-term financial debts -€8,224
down €8,224 (-100.0%), from €8,224 to €0
- Gross operating margin +€4,857
up €4,857 (+8.6%), from €56,458 to €61,314
- Taxes +€2,628
up €2,628 (+12.5%), from €21,016 to €23,644
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 | €341,911 | €374,456 | +€32,545 | +9.5% |
| Fixed assets | 21/28 | €7,781 | €2,390 | -€5,391 | -69.3% |
| Tangible fixed assets | 22/27 | €7,781 | €2,390 | -€5,391 | -69.3% |
| Land and buildings | 22 | €3,321 | €0 | -€3,321 | -100.0% |
| Furniture and vehicles | 24 | €4,461 | €2,390 | -€2,070 | -46.4% |
| Current assets | 29/58 | €334,130 | €372,066 | +€37,936 | +11.4% |
| Amounts receivable after more than one year | 29 | €200,000 | €200,000 | = | 0.0% |
| Other amounts receivable | 291 | €200,000 | €200,000 | = | 0.0% |
| Amounts receivable within one year | 40/41 | €98,778 | €112,313 | +€13,535 | +13.7% |
| Trade receivables | 40 | €2,469 | €0 | -€2,469 | -100.0% |
| Other amounts receivable | 41 | €96,309 | €112,313 | +€16,004 | +16.6% |
| Cash at bank and in hand | 54/58 | €30,025 | €58,789 | +€28,764 | +95.8% |
| Deferred charges and accrued income | 490/1 | €5,326 | €964 | -€4,363 | -81.9% |
| Total equity and liabilities | 10/49 | €341,911 | €374,456 | +€32,545 | +9.5% |
| Equity | 10/15 | €318,969 | €362,448 | +€43,480 | +13.6% |
| Contributions | 10/11 | €20,000 | €20,000 | = | 0.0% |
| Reserves | 13 | €251,674 | €295,153 | +€43,480 | +17.3% |
| Distributable reserves | 133 | €251,674 | €295,153 | +€43,480 | +17.3% |
| Profit (loss) carried forward | 14 | €47,295 | €47,295 | = | 0.0% |
| Amounts payable | 17/49 | €22,942 | €12,008 | -€10,934 | -47.7% |
| Amounts payable within one year | 42/48 | €22,545 | €12,008 | -€10,537 | -46.7% |
| Current portion of amounts payable after more than one year | 42 | €0 | - | = | |
| Financial debts | 43 | €8,224 | €0 | -€8,224 | -100.0% |
| Credit institutions | 430/8 | €8,224 | €0 | -€8,224 | -100.0% |
| Trade debts | 44 | €3,057 | €373 | -€2,684 | -87.8% |
| Suppliers | 440/4 | €3,057 | €373 | -€2,684 | -87.8% |
| Taxes, remuneration and social security | 45 | €11,264 | €11,635 | +€371 | +3.3% |
| Taxes | 450/3 | €11,264 | €11,635 | +€371 | +3.3% |
| Remuneration and social security | 454/9 | €0 | - | = | |
| Accrued charges and deferred income | 492/3 | €397 | €0 | -€397 | -100.0% |
| Non-recurring operating income | 76A | - | €2,679 | +€2,679 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €2,070 | €2,070 | +€0 | 0.0% |
| Other operating charges | 640/8 | €1,466 | €1,276 | -€190 | -13.0% |
| Gross operating margin | 9900 | €56,458 | €61,314 | +€4,857 | +8.6% |
| Operating profit (loss) | 9901 | €52,921 | €57,968 | +€5,047 | +9.5% |
| Financial income | 75/76B | €9,408 | €9,514 | +€105 | +1.1% |
| Recurring financial income | 75 | €9,408 | €9,514 | +€105 | +1.1% |
| Financial charges | 65/66B | €584 | €358 | -€226 | -38.7% |
| Recurring financial charges | 65 | €584 | €358 | -€226 | -38.7% |
| Profit (loss) for the period before taxes | 9903 | €61,745 | €67,124 | +€5,379 | +8.7% |
| Income taxes | 67/77 | €21,016 | €23,644 | +€2,628 | +12.5% |
| Profit (loss) for the period | 9904 | €40,729 | €43,480 | +€2,751 | +6.8% |
| Profit (loss) for the period to be appropriated | 9905 | €40,729 | €43,480 | +€2,751 | +6.8% |
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 30 September 2026 via checked.be.