HEVACO BEHEER: 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.
HEVACO BEHEER
Largest movements
- Receivables within one year +€54,604
up €54,604 (+552%), from €9,900 to €64,504
of which Trade receivables: +€47,371
- Tangible fixed assets +€42,825
up €42,825 (+217%), from €19,725 to €62,550
of which Plant, machinery and equipment: +€28,342
- Intangible fixed assets -€3,216
down €3,216 (-13.2%), from €24,406 to €21,190
- Deferred charges and accrued income -€1,633
down €1,633 (-49.6%), from €3,294 to €1,660
- Tax, wage and social debts +€46,770
up €46,770 (+47.5%), from €98,511 to €145,281
of which Taxes: +€27,295
- Trade debts +€32,257
up €32,257 (+68,998%), from €47 to €32,303
- Debts after one year +€18,000
up €18,000 (+90.0%), from €20,000 to €38,000
- Profit (loss) carried forward -€8,064
down €8,064 (-11.8%), from -€68,225 to -€76,290
- Advances received +€2,673
new in 2025: €2,673
- Staff costs -€166,763
down €166,763 (-27.3%), from €610,490 to €443,727
- Gross operating margin -€90,602
down €90,602 (-14.6%), from €618,473 to €527,871
- Other operating charges -€7,840
down €7,840 (-15.6%), from €50,115 to €42,275
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 | €69,535 | €161,054 | +€91,519 | +132% |
| Fixed assets | 21/28 | €53,916 | €93,525 | +€39,609 | +73.5% |
| Intangible fixed assets | 21 | €24,406 | €21,190 | -€3,216 | -13.2% |
| Tangible fixed assets | 22/27 | €19,725 | €62,550 | +€42,825 | +217% |
| Plant, machinery and equipment | 23 | €3,282 | €31,625 | +€28,342 | +863% |
| Furniture and vehicles | 24 | €16,443 | €30,926 | +€14,483 | +88.1% |
| Financial fixed assets | 28 | €9,785 | €9,785 | = | 0.0% |
| Current assets | 29/58 | €15,619 | €67,528 | +€51,910 | +332% |
| Amounts receivable within one year | 40/41 | €9,900 | €64,504 | +€54,604 | +552% |
| Trade receivables | 40 | €2,900 | €50,271 | +€47,371 | +1,634% |
| Other amounts receivable | 41 | €7,000 | €14,233 | +€7,234 | +103% |
| Cash at bank and in hand | 54/58 | €2,425 | €1,364 | -€1,061 | -43.8% |
| Deferred charges and accrued income | 490/1 | €3,294 | €1,660 | -€1,633 | -49.6% |
| Total equity and liabilities | 10/49 | €69,535 | €161,054 | +€91,519 | +132% |
| Equity | 10/15 | -€49,675 | -€57,740 | -€8,064 | -16.2% |
| Contributions | 10/11 | €18,550 | €18,550 | = | 0.0% |
| Reserves | 13 | €0 | - | = | |
| Non-distributable reserves | 130/1 | €0 | - | = | |
| Other | 1319 | €0 | - | = | |
| Profit (loss) carried forward | 14 | -€68,225 | -€76,290 | -€8,064 | -11.8% |
| Amounts payable | 17/49 | €119,210 | €218,793 | +€99,584 | +83.5% |
| Amounts payable after more than one year | 17 | €20,000 | €38,000 | +€18,000 | +90.0% |
| Financial debts | 170/4 | €20,000 | €38,000 | +€18,000 | +90.0% |
| Amounts payable within one year | 42/48 | €99,210 | €180,793 | +€81,584 | +82.2% |
| Financial debts | 43 | €652 | €536 | -€116 | -17.8% |
| Credit institutions | 430/8 | €652 | €536 | -€116 | -17.8% |
| Trade debts | 44 | €47 | €32,303 | +€32,257 | +68,998% |
| Suppliers | 440/4 | €47 | €32,303 | +€32,257 | +68,998% |
| Advances received on contracts in progress | 46 | - | €2,673 | +€2,673 | |
| Taxes, remuneration and social security | 45 | €98,511 | €145,281 | +€46,770 | +47.5% |
| Taxes | 450/3 | €25,814 | €53,109 | +€27,295 | +106% |
| Remuneration and social security | 454/9 | €72,696 | €92,172 | +€19,475 | +26.8% |
| Other amounts payable | 47/48 | €0 | - | = | |
| Accrued charges and deferred income | 492/3 | €0 | - | = | |
| Remuneration, social security and pensions | 62 | €610,490 | €443,727 | -€166,763 | -27.3% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €20,712 | €19,796 | -€917 | -4.4% |
| Other operating charges | 640/8 | €50,115 | €42,275 | -€7,840 | -15.6% |
| Gross operating margin | 9900 | €618,473 | €527,871 | -€90,602 | -14.6% |
| Operating profit (loss) | 9901 | -€62,845 | €22,073 | +€84,918 | |
| Financial income | 75/76B | - | €164 | +€164 | |
| Recurring financial income | 75 | - | €164 | +€164 | |
| Financial charges | 65/66B | €975 | €2,282 | +€1,307 | +134% |
| Recurring financial charges | 65 | €975 | €2,282 | +€1,307 | +134% |
| Profit (loss) for the period before taxes | 9903 | -€63,820 | €19,955 | +€83,775 | |
| Income taxes | 67/77 | €5,469 | €0 | -€5,469 | -100.0% |
| Profit (loss) for the period | 9904 | -€69,289 | €19,955 | +€89,244 | |
| Profit (loss) for the period to be appropriated | 9905 | -€69,289 | €19,955 | +€89,244 |
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 25 October 2026 via checked.be.