HetKan: 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.
HetKan
Largest movements
- Stocks and contracts -€57,328
down €57,328 (-12.8%), from €449,438 to €392,110
- Cash +€42,270
up €42,270 (+106.2%), from €39,799 to €82,070
mainly Stocks and contracts (+€57,328) and Net result for the year (+€14,696)
- Receivables within one year +€36,286
up €36,286 (+1949.6%), from €1,861 to €38,147
of which Trade receivables: +€38,122
- Tangible fixed assets +€13,133
up €13,133 (+1290.2%), from €1,018 to €14,151
- Profit (loss) carried forward +€14,696
up €14,696 (+98.4%), from -€14,930 to -€234
- Other debts +€10,913
up €10,913 (+4.5%), from €245,049 to €255,962
- Tax, wage and social debts +€9,017
new in 2025: €9,017
- Gross operating margin +€27,782
up €27,782, from -€9,178 to €18,604
- Financial income +€2,533
up €2,533 (+18849.0%), from €13 to €2,547
- Depreciation +€2,139
up €2,139 (+361.3%), from €592 to €2,731
- Other operating charges -€1,372
down €1,372 (-46.3%), from €2,961 to €1,589
- Financial charges -€654
down €654 (-48.0%), from €1,364 to €710
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 | €492,517 | €528,151 | +€35,633 | +7.2% |
| Fixed assets | 21/28 | €1,018 | €14,151 | +€13,133 | +1290.2% |
| Tangible fixed assets | 22/27 | €1,018 | €14,151 | +€13,133 | +1290.2% |
| Furniture and vehicles | 24 | €1,018 | €14,151 | +€13,133 | +1290.2% |
| Current assets | 29/58 | €491,499 | €514,000 | +€22,500 | +4.6% |
| Stocks and contracts in progress | 3 | €449,438 | €392,110 | -€57,328 | -12.8% |
| Stocks | 30/36 | €449,438 | €392,110 | -€57,328 | -12.8% |
| Amounts receivable within one year | 40/41 | €1,861 | €38,147 | +€36,286 | +1949.6% |
| Trade receivables | 40 | - | €38,122 | +€38,122 | |
| Other amounts receivable | 41 | €1,861 | €25 | -€1,836 | -98.7% |
| Cash at bank and in hand | 54/58 | €39,799 | €82,070 | +€42,270 | +106.2% |
| Deferred charges and accrued income | 490/1 | €401 | €1,673 | +€1,272 | +317.4% |
| Total equity and liabilities | 10/49 | €492,517 | €528,151 | +€35,633 | +7.2% |
| Equity | 10/15 | €470 | €15,166 | +€14,696 | +3128.0% |
| Contributions | 10/11 | €6,200 | €6,200 | = | 0.0% |
| Reserves | 13 | €9,200 | €9,200 | = | 0.0% |
| Distributable reserves | 133 | €9,200 | €9,200 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€14,930 | -€234 | +€14,696 | +98.4% |
| Amounts payable | 17/49 | €492,048 | €512,985 | +€20,937 | +4.3% |
| Amounts payable within one year | 42/48 | €492,048 | €512,985 | +€20,937 | +4.3% |
| Financial debts | 43 | €240,000 | €240,000 | = | 0.0% |
| Credit institutions | 430/8 | €240,000 | €240,000 | = | 0.0% |
| Trade debts | 44 | €6,999 | €8,006 | +€1,007 | +14.4% |
| Suppliers | 440/4 | €6,999 | €8,006 | +€1,007 | +14.4% |
| Taxes, remuneration and social security | 45 | - | €9,017 | +€9,017 | |
| Taxes | 450/3 | - | €9,017 | +€9,017 | |
| Other amounts payable | 47/48 | €245,049 | €255,962 | +€10,913 | +4.5% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €592 | €2,731 | +€2,139 | +361.3% |
| Other operating charges | 640/8 | €2,961 | €1,589 | -€1,372 | -46.3% |
| Non-recurring operating charges | 66A | - | €1,000 | +€1,000 | |
| Gross operating margin | 9900 | -€9,178 | €18,604 | +€27,782 | |
| Operating profit (loss) | 9901 | -€12,732 | €13,283 | +€26,015 | |
| Financial income | 75/76B | €13 | €2,547 | +€2,533 | +18849.0% |
| Recurring financial income | 75 | €13 | €2,547 | +€2,533 | +18849.0% |
| Financial charges | 65/66B | €1,364 | €710 | -€654 | -48.0% |
| Recurring financial charges | 65 | €1,364 | €710 | -€654 | -48.0% |
| Profit (loss) for the period before taxes | 9903 | -€14,082 | €15,120 | +€29,202 | |
| Income taxes | 67/77 | €4 | €424 | +€420 | +10418.4% |
| Profit (loss) for the period | 9904 | -€14,086 | €14,696 | +€28,783 | |
| Profit (loss) for the period to be appropriated | 9905 | -€14,086 | €14,696 | +€28,783 |
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 3 October 2026 via checked.be.