HEV-Projects: 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.
HEV-Projects
Largest movements
No asset line moved by more than 1% of the balance sheet total.
No liability line moved by more than 1% of the balance sheet total.
No income-statement line moved by more than 1% of the activity.
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 | €442,284 | €441,316 | -€968 | -0.2% |
| Formation expenses | 20 | €0 | €0 | = | |
| Current assets | 29/58 | €442,284 | €441,316 | -€968 | -0.2% |
| Stocks and contracts in progress | 3 | €10,741 | €10,741 | = | 0.0% |
| Stocks | 30/36 | €10,741 | €10,741 | = | 0.0% |
| Cash at bank and in hand | 54/58 | €44 | €44 | = | 0.0% |
| Deferred charges and accrued income | 490/1 | €431,499 | €430,531 | -€968 | -0.2% |
| Total equity and liabilities | 10/49 | €442,284 | €441,316 | -€968 | -0.2% |
| Equity | 10/15 | -€57,832 | -€58,684 | -€852 | -1.5% |
| Contributions | 10/11 | €500,000 | €500,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€557,832 | -€558,684 | -€852 | -0.2% |
| Amounts payable | 17/49 | €500,116 | €500,000 | -€116 | 0.0% |
| Amounts payable within one year | 42/48 | €116 | - | -€116 | |
| Financial debts | 43 | €116 | - | -€116 | |
| Credit institutions | 430/8 | €116 | - | -€116 | |
| Accrued charges and deferred income | 492/3 | €500,000 | €500,000 | = | 0.0% |
| Other operating charges | 640/8 | - | €852 | +€852 | |
| Operating profit (loss) | 9901 | - | -€852 | -€852 | |
| Financial charges | 65/66B | €212 | - | -€212 | |
| Recurring financial charges | 65 | €212 | - | -€212 | |
| Profit (loss) for the period before taxes | 9903 | -€212 | -€852 | -€641 | -302.9% |
| Profit (loss) for the period | 9904 | -€212 | -€852 | -€641 | -302.9% |
| Profit (loss) for the period to be appropriated | 9905 | -€212 | -€852 | -€641 | -302.9% |
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 10 October 2026 via checked.be.