HETIM: 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.
HETIM
Largest movements
- Cash +€30,669
up €30,669 (+178%), from €17,252 to €47,921
mainly Tax, wage and social debts (+€33,513) and Other debts (+€21,052)
- Stocks and contracts -€18,686
down €18,686 (-2.5%), from €736,414 to €717,727
- Current portion of long-term debt -€37,372
down €37,372 (-24.9%), from €149,957 to €112,585
- Tax, wage and social debts +€33,513
up €33,513 (+261%), from €12,861 to €46,374
- Other debts +€21,052
up €21,052 (+4.2%), from €495,450 to €516,502
- Turnover -€805,744
no longer reported in 2025 (was €805,744)
- Purchases and services -€784,993
no longer reported in 2025 (was €784,993)
- Gross operating margin -€12,472
down €12,472 (-60.1%), from €20,751 to €8,279
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 | €771,150 | €785,570 | +€14,420 | +1.9% |
| Current assets | 29/58 | €771,150 | €785,570 | +€14,420 | +1.9% |
| Stocks and contracts in progress | 3 | €736,414 | €717,727 | -€18,686 | -2.5% |
| Stocks | 30/36 | €736,414 | €717,727 | -€18,686 | -2.5% |
| Amounts receivable within one year | 40/41 | €17,484 | €19,922 | +€2,438 | +13.9% |
| Trade receivables | 40 | €17,484 | €19,922 | +€2,438 | +13.9% |
| Cash at bank and in hand | 54/58 | €17,252 | €47,921 | +€30,669 | +178% |
| Total equity and liabilities | 10/49 | €771,150 | €785,570 | +€14,420 | +1.9% |
| Equity | 10/15 | €106,668 | €103,568 | -€3,100 | -2.9% |
| Contributions | 10/11 | €100,000 | €100,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | €6,668 | €3,568 | -€3,100 | -46.5% |
| Amounts payable | 17/49 | €664,481 | €682,001 | +€17,520 | +2.6% |
| Amounts payable within one year | 42/48 | €664,481 | €682,001 | +€17,520 | +2.6% |
| Current portion of amounts payable after more than one year | 42 | €149,957 | €112,585 | -€37,372 | -24.9% |
| Trade debts | 44 | €6,213 | €6,540 | +€327 | +5.3% |
| Suppliers | 440/4 | €6,213 | €6,540 | +€327 | +5.3% |
| Taxes, remuneration and social security | 45 | €12,861 | €46,374 | +€33,513 | +261% |
| Taxes | 450/3 | €12,861 | €46,374 | +€33,513 | +261% |
| Other amounts payable | 47/48 | €495,450 | €516,502 | +€21,052 | +4.2% |
| Turnover | 70 | €805,744 | - | -€805,744 | |
| Goods, raw materials, services and sundry goods | 60/61 | €784,993 | - | -€784,993 | |
| Other operating charges | 640/8 | €6,136 | €3,010 | -€3,126 | -50.9% |
| Gross operating margin | 9900 | €20,751 | €8,279 | -€12,472 | -60.1% |
| Operating profit (loss) | 9901 | €14,616 | €5,269 | -€9,346 | -63.9% |
| Financial income | 75/76B | €1 | - | -€1 | |
| Recurring financial income | 75 | €1 | - | -€1 | |
| Financial charges | 65/66B | €9,006 | €8,369 | -€637 | -7.1% |
| Recurring financial charges | 65 | €9,006 | €8,369 | -€637 | -7.1% |
| Profit (loss) for the period before taxes | 9903 | €5,610 | -€3,100 | -€8,711 | |
| Income taxes | 67/77 | €1,224 | - | -€1,224 | |
| Profit (loss) for the period | 9904 | €4,386 | -€3,100 | -€7,487 | |
| Profit (loss) for the period to be appropriated | 9905 | €4,386 | -€3,100 | -€7,487 |
Source: filed annual accounts (NBB), financial years ended 31 December 2024 and 31 December 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 16 October 2026 via checked.be.