HEVACON: 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.
HEVACON
Largest movements
- Cash +€26,685
up €26,685 (+139%), from €19,136 to €45,821
mainly Net result for the year (+€19,904) and Tax, wage and social debts (+€11,196)
- Receivables within one year +€9,836
up €9,836 (+1,464%), from €672 to €10,508
of which Trade receivables: +€10,451
- Deferred charges and accrued income -€8,329
down €8,329 (-85.3%), from €9,762 to €1,433
- Tangible fixed assets -€1,937
down €1,937 (-27.4%), from €7,080 to €5,143
of which Other tangible fixed assets: -€1,436
- Reserves +€19,904
up €19,904 (+37.8%), from €52,655 to €72,560
- Tax, wage and social debts +€11,196
up €11,196 (+369%), from €3,032 to €14,229
- Other debts -€3,191
down €3,191 (-49.3%), from €6,478 to €3,287
- Advances received -€1,613
down €1,613 (-25.9%), from €6,232 to €4,619
- Gross operating margin +€25,122
up €25,122 (+292%), from €8,594 to €33,715
- Taxes +€8,696
up €8,696 (+441%), from €1,970 to €10,666
- Other operating charges +€502
up €502 (+35.2%), from €1,427 to €1,929
- Depreciation -€443
down €443 (-18.6%), from €2,379 to €1,937
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 | €90,418 | €117,359 | +€26,941 | +29.8% |
| Fixed assets | 21/28 | €7,080 | €5,143 | -€1,937 | -27.4% |
| Tangible fixed assets | 22/27 | €7,080 | €5,143 | -€1,937 | -27.4% |
| Plant, machinery and equipment | 23 | €1,336 | €835 | -€501 | -37.5% |
| Other tangible fixed assets | 26 | €5,744 | €4,308 | -€1,436 | -25.0% |
| Current assets | 29/58 | €83,338 | €112,215 | +€28,877 | +34.7% |
| Amounts receivable within one year | 40/41 | €672 | €10,508 | +€9,836 | +1,464% |
| Trade receivables | 40 | €57 | €10,508 | +€10,451 | +18,207% |
| Other amounts receivable | 41 | €615 | - | -€615 | |
| Current investments | 50/53 | €53,768 | €54,453 | +€685 | +1.3% |
| Cash at bank and in hand | 54/58 | €19,136 | €45,821 | +€26,685 | +139% |
| Deferred charges and accrued income | 490/1 | €9,762 | €1,433 | -€8,329 | -85.3% |
| Total equity and liabilities | 10/49 | €90,418 | €117,359 | +€26,941 | +29.8% |
| Equity | 10/15 | €72,655 | €92,560 | +€19,904 | +27.4% |
| Contributions | 10/11 | €20,000 | €20,000 | = | 0.0% |
| Reserves | 13 | €52,655 | €72,560 | +€19,904 | +37.8% |
| Distributable reserves | 133 | €52,655 | €72,560 | +€19,904 | +37.8% |
| Amounts payable | 17/49 | €17,763 | €24,799 | +€7,036 | +39.6% |
| Amounts payable within one year | 42/48 | €16,067 | €23,088 | +€7,021 | +43.7% |
| Trade debts | 44 | €325 | €954 | +€629 | +194% |
| Suppliers | 440/4 | €325 | €954 | +€629 | +194% |
| Advances received on contracts in progress | 46 | €6,232 | €4,619 | -€1,613 | -25.9% |
| Taxes, remuneration and social security | 45 | €3,032 | €14,229 | +€11,196 | +369% |
| Taxes | 450/3 | €3,032 | €14,229 | +€11,196 | +369% |
| Other amounts payable | 47/48 | €6,478 | €3,287 | -€3,191 | -49.3% |
| Accrued charges and deferred income | 492/3 | €1,696 | €1,712 | +€15 | +0.9% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €2,379 | €1,937 | -€443 | -18.6% |
| Other operating charges | 640/8 | €1,427 | €1,929 | +€502 | +35.2% |
| Gross operating margin | 9900 | €8,594 | €33,715 | +€25,122 | +292% |
| Operating profit (loss) | 9901 | €4,787 | €29,849 | +€25,062 | +524% |
| Financial income | 75/76B | €564 | €806 | +€242 | +42.8% |
| Recurring financial income | 75 | €564 | €806 | +€242 | +42.8% |
| Financial charges | 65/66B | €79 | €85 | +€6 | +7.9% |
| Recurring financial charges | 65 | €79 | €85 | +€6 | +7.9% |
| Profit (loss) for the period before taxes | 9903 | €5,272 | €30,570 | +€25,298 | +480% |
| Income taxes | 67/77 | €1,970 | €10,666 | +€8,696 | +441% |
| Profit (loss) for the period | 9904 | €3,302 | €19,904 | +€16,602 | +503% |
| Profit (loss) for the period to be appropriated | 9905 | €3,302 | €19,904 | +€16,602 | +503% |
Source: filed annual accounts (NBB), financial years ended 30 September 2024 and 30 September 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 17 October 2026 via checked.be.