HEVA: what changed
What changed
HEVA
NACE 66.199, Other activities auxiliary to financial services, excluding insurance and pension funding
filed annual accounts (NBB)
Net result for the year
€113,026
2024 · €45,745+€67,281
Equity
€1.1m
2024 · €1.1m+€526
Cash
€632,107
2024 · €613,134+€18,973
Balance sheet total
€4.9m
2024 · €4.5m+€369,464
Largest movements
Assets
- Tangible fixed assets +€485,058
up €485,058 (+14.9%), from €3.3m to €3.8m
of which Land and buildings: +€464,060
- Receivables within one year -€123,592
down €123,592 (-85.3%), from €144,932 to €21,340
Equity and liabilities
- Short-term financial debts +€1.1m
up €1.1m (+184%), from €595,200 to €1.7m
- Trade debts -€611,724
down €611,724 (-96.3%), from €634,910 to €23,186
- Debts after one year -€264,062
down €264,062 (-14.3%), from €1.9m to €1.6m
of which Financial debts: -€263,897
- Other debts +€142,306
up €142,306 (+35,577%), from €400 to €142,706
Income statement
- Gross operating margin +€123,265
up €123,265 (+28.8%), from €428,444 to €551,709
- Taxes +€29,462
up €29,462 (+349%), from €8,435 to €37,897
- Financial income -€29,334
down €29,334 (-98.7%), from €29,730 to €396
- Financial charges -€23,517
down €23,517 (-17.9%), from €131,175 to €107,658
- Depreciation +€12,580
up €12,580 (+5.9%), from €214,914 to €227,494
Change in the result, 2024 to 2025
For each income-statement line you see the change as its effect on the result. Higher costs lower the result, higher income raises it.
Result 2024
€45,745
Gross operating margin
+€123,265
Staff costs
-€2,127
Depreciation
-€12,580
Other operating charges
+€1,052
Other operating items
-€7,050
Financial income
-€29,334
Financial charges
+€23,517
Taxes
-€29,462
Result 2025
€113,026
raises the resultlowers the resultnot broken down further in the accounts
Derived cash bridge
The bridge is derived from the 2024 and 2025 balance sheets and the 2025 result. There is no filed cash-flow statement. You see where the money came from and where it went.
From operations
+€3,758
Investment
-€712,552
Financing
+€727,767
Cash 2024
€613,134
From operations (derived)
+€3,758
Net result for the year
+€113,026
Depreciation
+€227,494
Receivables within one year
+€123,592
Deferred charges and accrued income
+€10,975
Trade debts
-€611,724
Tax, wage and social debts
+€2,095
Other debts
+€142,306
Accrued charges and deferred income
-€4,006
Investment (derived)
-€712,552
Investment in fixed assets (net)
-€712,552
Financing
+€727,767
Debts after one year
-€264,062
Current portion of long-term debt
+€11,674
Short-term financial debts
+€1.1m
Contributions, distributions and other
-€112,500
Cash 2025
€632,107
brings cash intakes cash out
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €4,510,952 | €4,880,416 | +€369,464 | +8.2% |
| Fixed assets | 21/28 | €3,265,624 | €3,750,682 | +€485,058 | +14.9% |
| Tangible fixed assets | 22/27 | €3,265,624 | €3,750,682 | +€485,058 | +14.9% |
| Land and buildings | 22 | €2,535,308 | €2,999,368 | +€464,060 | +18.3% |
| Plant, machinery and equipment | 23 | €730,316 | €751,314 | +€20,998 | +2.9% |
| Current assets | 29/58 | €1,245,328 | €1,129,734 | -€115,594 | -9.3% |
| Stocks and contracts in progress | 3 | €468,240 | €468,240 | = | 0.0% |
| Stocks | 30/36 | €468,240 | €468,240 | = | 0.0% |
| Amounts receivable within one year | 40/41 | €144,932 | €21,340 | -€123,592 | -85.3% |
| Other amounts receivable | 41 | €144,932 | €21,340 | -€123,592 | -85.3% |
| Cash at bank and in hand | 54/58 | €613,134 | €632,107 | +€18,973 | +3.1% |
| Deferred charges and accrued income | 490/1 | €19,022 | €8,047 | -€10,975 | -57.7% |
| Total equity and liabilities | 10/49 | €4,510,952 | €4,880,416 | +€369,464 | +8.2% |
| Equity | 10/15 | €1,088,185 | €1,088,711 | +€526 | 0.0% |
| Contributions | 10/11 | €295,000 | €295,000 | = | 0.0% |
| Capital | 10 | €295,000 | €295,000 | = | 0.0% |
| Issued capital | 100 | €295,000 | €295,000 | = | 0.0% |
| Reserves | 13 | €793,185 | €793,711 | +€526 | +0.1% |
| Non-distributable reserves | 130/1 | €70,000 | €70,000 | = | 0.0% |
| Legal reserve | 130 | €70,000 | €70,000 | = | 0.0% |
| Tax-exempt reserves | 132 | €134,452 | €134,452 | = | 0.0% |
| Distributable reserves | 133 | €588,733 | €589,259 | +€526 | +0.1% |
| Amounts payable | 17/49 | €3,422,767 | €3,791,705 | +€368,938 | +10.8% |
| Amounts payable after more than one year | 17 | €1,850,412 | €1,586,350 | -€264,062 | -14.3% |
| Financial debts | 170/4 | €1,831,912 | €1,568,015 | -€263,897 | -14.4% |
| Other amounts payable | 178/9 | €18,500 | €18,335 | -€165 | -0.9% |
| Amounts payable within one year | 42/48 | €1,559,177 | €2,196,183 | +€637,006 | +40.9% |
| Current portion of amounts payable after more than one year | 42 | €326,360 | €338,034 | +€11,674 | +3.6% |
| Financial debts | 43 | €595,200 | €1,687,855 | +€1.1m | +184% |
| Credit institutions | 430/8 | €595,200 | €1,687,855 | +€1.1m | +184% |
| Trade debts | 44 | €634,910 | €23,186 | -€611,724 | -96.3% |
| Suppliers | 440/4 | €634,910 | €23,186 | -€611,724 | -96.3% |
| Taxes, remuneration and social security | 45 | €2,307 | €4,402 | +€2,095 | +90.8% |
| Taxes | 450/3 | €281 | €4 | -€277 | -98.6% |
| Remuneration and social security | 454/9 | €2,026 | €4,398 | +€2,372 | +117% |
| Other amounts payable | 47/48 | €400 | €142,706 | +€142,306 | +35,577% |
| Accrued charges and deferred income | 492/3 | €13,178 | €9,172 | -€4,006 | -30.4% |
| Non-recurring operating income | 76A | - | €579 | +€579 | |
| Remuneration, social security and pensions | 62 | €27,675 | €29,802 | +€2,127 | +7.7% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €214,914 | €227,494 | +€12,580 | +5.9% |
| Other operating charges | 640/8 | €30,230 | €29,178 | -€1,052 | -3.5% |
| Non-recurring operating charges | 66A | - | €7,050 | +€7,050 | |
| Gross operating margin | 9900 | €428,444 | €551,709 | +€123,265 | +28.8% |
| Operating profit (loss) | 9901 | €155,625 | €258,185 | +€102,560 | +65.9% |
| Financial income | 75/76B | €29,730 | €396 | -€29,334 | -98.7% |
| Recurring financial income | 75 | €29,730 | €396 | -€29,334 | -98.7% |
| Financial charges | 65/66B | €131,175 | €107,658 | -€23,517 | -17.9% |
| Recurring financial charges | 65 | €131,175 | €107,658 | -€23,517 | -17.9% |
| Profit (loss) for the period before taxes | 9903 | €54,180 | €150,923 | +€96,743 | +179% |
| Income taxes | 67/77 | €8,435 | €37,897 | +€29,462 | +349% |
| Profit (loss) for the period | 9904 | €45,745 | €113,026 | +€67,281 | +147% |
| Profit (loss) for the period to be appropriated | 9905 | €45,745 | €113,026 | +€67,281 | +147% |
Next steps
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Calculation and sources
Source: filed annual accounts (NBB), financial years ended 31 December 2024 and 31 December 2025. Green is a favourable move for that line, red an unfavourable one. Prepared on 2 November 2026 via checked.be.