HEVADEX: 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.
What changed
HEVADEX
NACE 22.260, Manufacture of rubber and plastic products
fiscal year 2024 against 2025filed annual accounts (NBB)
Net result for the year
€269,088
2024 · €246,196+€22,892
Equity
€2.1m
2024 · €1.9m+€215,848
Cash
€146,414
2024 · €172,838-€26,424
Balance sheet total
€2.9m
2024 · €2.6m+€336,808
Largest movements
Assets
- Stocks and contracts +€204,735
up €204,735 (+120.6%), from €169,710 to €374,445
- Receivables within one year +€198,705
up €198,705 (+18.3%), from €1.1m to €1.3m
of which Trade receivables: +€212,161
- Tangible fixed assets -€36,554
down €36,554 (-4.3%), from €856,751 to €820,197
of which Other tangible fixed assets: -€36,325
Equity and liabilities
- Reserves +€215,848
up €215,848 (+11.7%), from €1.8m to €2.1m
of which Distributable reserves: +€217,703
- Short-term financial debts +€103,323
up €103,323 (+762.9%), from €13,543 to €116,865
Income statement
- Gross operating margin +€168,140
up €168,140 (+16.9%), from €996,342 to €1.2m
- Staff costs +€99,957
up €99,957 (+18.7%), from €535,363 to €635,320
- Depreciation +€37,390
up €37,390 (+22.5%), from €165,979 to €203,369
- Taxes +€12,720
up €12,720 (+40.6%), from €31,333 to €44,053
- Financial charges -€12,533
down €12,533 (-43.0%), from €29,147 to €16,614
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.
Result 2024
€246,196
Gross operating margin
+€168,140
Staff costs
-€99,957
Depreciation
-€37,390
Write-downs
+€384
Other operating charges
-€5,743
Financial income
-€2,355
Financial charges
+€12,533
Taxes
-€12,720
Result 2025
€269,088
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.
From operations
+€72,478
Investment
-€166,814
Financing
+€67,912
Cash 2024
€172,838
From operations (derived)
+€72,478
Net result for the year
+€269,088
Depreciation
+€203,369
Stocks and contracts
-€204,735
Receivables within one year
-€198,705
Deferred charges and accrued income
+€3,653
Trade debts
-€3,332
Tax, wage and social debts
+€3,474
Other debts
-€333
Investment (derived)
-€166,814
Investment in fixed assets (net)
-€166,814
Financing
+€67,912
Debts after one year
-€7,966
Current portion of long-term debt
+€25,795
Short-term financial debts
+€103,323
Contributions, distributions and other
-€53,240
Cash 2025
€146,414
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €2,579,824 | €2,916,631 | +€336,808 | +13.1% |
| Fixed assets | 21/28 | €857,001 | €820,447 | -€36,554 | -4.3% |
| Tangible fixed assets | 22/27 | €856,751 | €820,197 | -€36,554 | -4.3% |
| Plant, machinery and equipment | 23 | €326,491 | €300,340 | -€26,150 | -8.0% |
| Furniture and vehicles | 24 | €153,090 | €179,011 | +€25,921 | +16.9% |
| Leasing and similar rights | 25 | €0 | - | = | |
| Other tangible fixed assets | 26 | €377,171 | €340,846 | -€36,325 | -9.6% |
| Financial fixed assets | 28 | €250 | €250 | = | 0.0% |
| Current assets | 29/58 | €1,722,822 | €2,096,185 | +€373,362 | +21.7% |
| Amounts receivable after more than one year | 29 | €283,000 | €283,000 | = | 0.0% |
| Other amounts receivable | 291 | €283,000 | €283,000 | = | 0.0% |
| Stocks and contracts in progress | 3 | €169,710 | €374,445 | +€204,735 | +120.6% |
| Stocks | 30/36 | €169,710 | €374,445 | +€204,735 | +120.6% |
| Amounts receivable within one year | 40/41 | €1,085,460 | €1,284,165 | +€198,705 | +18.3% |
| Trade receivables | 40 | €918,790 | €1,130,951 | +€212,161 | +23.1% |
| Other amounts receivable | 41 | €166,670 | €153,214 | -€13,456 | -8.1% |
| Cash at bank and in hand | 54/58 | €172,838 | €146,414 | -€26,424 | -15.3% |
| Deferred charges and accrued income | 490/1 | €11,814 | €8,160 | -€3,653 | -30.9% |
| Total equity and liabilities | 10/49 | €2,579,824 | €2,916,631 | +€336,808 | +13.1% |
| Equity | 10/15 | €1,860,070 | €2,075,917 | +€215,848 | +11.6% |
| Contributions | 10/11 | €18,550 | €18,550 | = | 0.0% |
| Reserves | 13 | €1,841,520 | €2,057,367 | +€215,848 | +11.7% |
| Non-distributable reserves | 130/1 | €1,855 | €0 | -€1,855 | -100.0% |
| Other | 1319 | €1,855 | €0 | -€1,855 | -100.0% |
| Distributable reserves | 133 | €1,839,665 | €2,057,367 | +€217,703 | +11.8% |
| Profit (loss) carried forward | 14 | €0 | €0 | = | |
| Amounts payable | 17/49 | €719,754 | €840,714 | +€120,960 | +16.8% |
| Amounts payable after more than one year | 17 | €86,311 | €78,345 | -€7,966 | -9.2% |
| Financial debts | 170/4 | €86,311 | €78,345 | -€7,966 | -9.2% |
| Amounts payable within one year | 42/48 | €633,443 | €762,369 | +€128,926 | +20.4% |
| Current portion of amounts payable after more than one year | 42 | €60,676 | €86,471 | +€25,795 | +42.5% |
| Financial debts | 43 | €13,543 | €116,865 | +€103,323 | +762.9% |
| Credit institutions | 430/8 | €13,543 | €116,865 | +€103,323 | +762.9% |
| Trade debts | 44 | €448,404 | €445,072 | -€3,332 | -0.7% |
| Suppliers | 440/4 | €448,404 | €445,072 | -€3,332 | -0.7% |
| Taxes, remuneration and social security | 45 | €105,429 | €108,903 | +€3,474 | +3.3% |
| Taxes | 450/3 | €9,808 | €10,119 | +€311 | +3.2% |
| Remuneration and social security | 454/9 | €95,621 | €98,784 | +€3,163 | +3.3% |
| Other amounts payable | 47/48 | €5,391 | €5,058 | -€333 | -6.2% |
| Non-recurring operating income | 76A | - | €6,000 | +€6,000 | |
| Remuneration, social security and pensions | 62 | €535,363 | €635,320 | +€99,957 | +18.7% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €165,979 | €203,369 | +€37,390 | +22.5% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | €0 | -€384 | -€384 | |
| Other operating charges | 640/8 | €4,149 | €9,892 | +€5,743 | +138.4% |
| Gross operating margin | 9900 | €996,342 | €1,164,481 | +€168,140 | +16.9% |
| Operating profit (loss) | 9901 | €290,851 | €316,285 | +€25,434 | +8.7% |
| Financial income | 75/76B | €15,825 | €13,470 | -€2,355 | -14.9% |
| Recurring financial income | 75 | €15,825 | €13,470 | -€2,355 | -14.9% |
| Financial charges | 65/66B | €29,147 | €16,614 | -€12,533 | -43.0% |
| Recurring financial charges | 65 | €29,147 | €16,614 | -€12,533 | -43.0% |
| Profit (loss) for the period before taxes | 9903 | €277,528 | €313,141 | +€35,612 | +12.8% |
| Income taxes | 67/77 | €31,333 | €44,053 | +€12,720 | +40.6% |
| Profit (loss) for the period | 9904 | €246,196 | €269,088 | +€22,892 | +9.3% |
| Profit (loss) for the period to be appropriated | 9905 | €246,196 | €269,088 | +€22,892 | +9.3% |
Source: filed annual accounts (NBB), fiscal years ended 30 June 2024 and 30 June 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 2 October 2026 via checked.be.