HEVACO: 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.
HEVACO
Largest movements
- Cash -€40,178
down €40,178 (-23.6%), from €170,588 to €130,410
mainly Debts after one year (-€29,470) and Net result for the year (-€12,658)
- Tangible fixed assets -€8,236
down €8,236 (-3.2%), from €254,760 to €246,524
of which Land and buildings: -€7,870
- Debts after one year -€29,470
down €29,470 (-100.0%), from €29,470 to €0
- Reserves -€12,658
down €12,658 (-3.8%), from €329,098 to €316,440
of which Distributable reserves: -€8,827
- Gross operating margin +€5,293
up €5,293 (+51.1%), from -€10,366 to -€5,074
- Financial charges +€1,172
up €1,172 (+2017.7%), from €58 to €1,230
- Depreciation +€340
up €340 (+4.3%), from €7,896 to €8,236
- Other operating charges -€117
down €117 (-34.9%), from €336 to €219
From the 2023 result to the 2024 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 2023 and 2024 balance sheets and the 2024 result: not a filed cash-flow statement. It shows where the money came from and went.
Every line side by side
| Line | Code | 2023 | 2024 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €431,713 | €385,999 | -€45,714 | -10.6% |
| Fixed assets | 21/28 | €254,839 | €246,603 | -€8,236 | -3.2% |
| Tangible fixed assets | 22/27 | €254,760 | €246,524 | -€8,236 | -3.2% |
| Land and buildings | 22 | €253,932 | €246,062 | -€7,870 | -3.1% |
| Furniture and vehicles | 24 | €828 | €461 | -€366 | -44.3% |
| Financial fixed assets | 28 | €79 | €79 | = | 0.0% |
| Current assets | 29/58 | €176,874 | €139,396 | -€37,478 | -21.2% |
| Amounts receivable after more than one year | 29 | - | €2,584 | +€2,584 | |
| Other amounts receivable | 291 | - | €2,584 | +€2,584 | |
| Amounts receivable within one year | 40/41 | €6,286 | €6,403 | +€116 | +1.8% |
| Trade receivables | 40 | €3,000 | €3,000 | = | 0.0% |
| Other amounts receivable | 41 | €3,286 | €3,403 | +€116 | +3.5% |
| Cash at bank and in hand | 54/58 | €170,588 | €130,410 | -€40,178 | -23.6% |
| Total equity and liabilities | 10/49 | €431,713 | €385,999 | -€45,714 | -10.6% |
| Equity | 10/15 | €347,698 | €335,040 | -€12,658 | -3.6% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €329,098 | €316,440 | -€12,658 | -3.8% |
| Non-distributable reserves | 130/1 | €1,860 | €1,860 | = | 0.0% |
| Reserves not available under the articles | 1311 | €1,860 | €1,860 | = | 0.0% |
| Tax-exempt reserves | 132 | €120,689 | €116,857 | -€3,831 | -3.2% |
| Distributable reserves | 133 | €206,549 | €197,723 | -€8,827 | -4.3% |
| Provisions and deferred taxes | 16 | €50,695 | €49,086 | -€1,609 | -3.2% |
| Deferred taxes | 168 | €50,695 | €49,086 | -€1,609 | -3.2% |
| Amounts payable | 17/49 | €33,319 | €1,873 | -€31,447 | -94.4% |
| Amounts payable after more than one year | 17 | €29,470 | €0 | -€29,470 | -100.0% |
| Other amounts payable | 178/9 | €29,470 | €0 | -€29,470 | -100.0% |
| Amounts payable within one year | 42/48 | €2,136 | €1,873 | -€263 | -12.3% |
| Trade debts | 44 | €2,136 | €1,518 | -€617 | -28.9% |
| Suppliers | 440/4 | €2,136 | €1,518 | -€617 | -28.9% |
| Taxes, remuneration and social security | 45 | €0 | €355 | +€355 | |
| Taxes | 450/3 | €0 | €355 | +€355 | |
| Accrued charges and deferred income | 492/3 | €1,714 | €0 | -€1,714 | -100.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €7,896 | €8,236 | +€340 | +4.3% |
| Other operating charges | 640/8 | €336 | €219 | -€117 | -34.9% |
| Gross operating margin | 9900 | -€10,366 | -€5,074 | +€5,293 | +51.1% |
| Operating profit (loss) | 9901 | -€18,598 | -€13,528 | +€5,070 | +27.3% |
| Financial income | 75/76B | €459 | €491 | +€32 | +7.0% |
| Recurring financial income | 75 | €459 | €491 | +€32 | +7.0% |
| Financial charges | 65/66B | €58 | €1,230 | +€1,172 | +2017.7% |
| Recurring financial charges | 65 | €58 | €1,230 | +€1,172 | +2017.7% |
| Profit (loss) for the period before taxes | 9903 | -€18,198 | -€14,267 | +€3,930 | +21.6% |
| Transfer from deferred taxes | 780 | €1,609 | €1,609 | = | 0.0% |
| Profit (loss) for the period | 9904 | -€16,588 | -€12,658 | +€3,930 | +23.7% |
| Transfer from tax-exempt reserves | 789 | €3,831 | €3,831 | +€0 | 0.0% |
| Profit (loss) for the period to be appropriated | 9905 | -€12,757 | -€8,827 | +€3,930 | +30.8% |
Source: filed annual accounts (NBB), fiscal years ended 31 December 2023 and 31 December 2024. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 29 September 2026 via checked.be.