HEVADEX Applications: 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.
HEVADEX Applications
Largest movements
- Receivables within one year +€318,775
up €318,775 (+27.7%), from €1.1m to €1.5m
of which Trade receivables: +€351,858
- Cash +€134,882
up €134,882 (+312.2%), from €43,205 to €178,087
mainly Net result for the year (+€288,685) and Trade debts (+€187,149)
- Tangible fixed assets -€50,895
down €50,895 (-17.3%), from €294,910 to €244,015
of which Furniture and vehicles: -€31,301
- Stocks and contracts -€35,993
down €35,993 (-22.8%), from €157,836 to €121,843
- Reserves +€258,685
up €258,685 (+31.8%), from €813,909 to €1.1m
of which Distributable reserves: +€258,685
- Trade debts +€187,149
up €187,149 (+46.5%), from €402,851 to €590,000
- Short-term financial debts -€46,681
down €46,681 (-73.5%), from €63,543 to €16,862
- Tax, wage and social debts +€34,617
up €34,617 (+30.7%), from €112,693 to €147,309
of which Remuneration and social security: +€23,947
- Other debts -€30,511
down €30,511 (-54.9%), from €55,608 to €25,097
- Gross operating margin +€343,191
up €343,191 (+27.4%), from €1.3m to €1.6m
- Staff costs +€204,890
up €204,890 (+23.4%), from €874,615 to €1.1m
- Provisions +€25,393
up €25,393 (+89.6%), from -€28,347 to -€2,953
- Write-downs +€23,775
up €23,775, from €0 to €23,775
- Taxes +€20,444
up €20,444 (+26.1%), from €78,200 to €98,644
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.
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.
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €1,673,314 | €2,045,068 | +€371,754 | +22.2% |
| Fixed assets | 21/28 | €296,306 | €247,012 | -€49,295 | -16.6% |
| Tangible fixed assets | 22/27 | €294,910 | €244,015 | -€50,895 | -17.3% |
| Plant, machinery and equipment | 23 | €39,014 | €26,621 | -€12,392 | -31.8% |
| Furniture and vehicles | 24 | €219,989 | €188,688 | -€31,301 | -14.2% |
| Leasing and similar rights | 25 | €6,788 | €0 | -€6,788 | -100.0% |
| Other tangible fixed assets | 26 | €29,119 | €28,706 | -€413 | -1.4% |
| Financial fixed assets | 28 | €1,397 | €2,997 | +€1,600 | +114.6% |
| Current assets | 29/58 | €1,377,008 | €1,798,057 | +€421,049 | +30.6% |
| Stocks and contracts in progress | 3 | €157,836 | €121,843 | -€35,993 | -22.8% |
| Stocks | 30/36 | €157,836 | €121,843 | -€35,993 | -22.8% |
| Amounts receivable within one year | 40/41 | €1,149,755 | €1,468,531 | +€318,775 | +27.7% |
| Trade receivables | 40 | €1,067,205 | €1,419,063 | +€351,858 | +33.0% |
| Other amounts receivable | 41 | €82,550 | €49,468 | -€33,082 | -40.1% |
| Current investments | 50/53 | €4,361 | €10,700 | +€6,339 | +145.3% |
| Cash at bank and in hand | 54/58 | €43,205 | €178,087 | +€134,882 | +312.2% |
| Deferred charges and accrued income | 490/1 | €21,850 | €18,896 | -€2,954 | -13.5% |
| Total equity and liabilities | 10/49 | €1,673,314 | €2,045,068 | +€371,754 | +22.2% |
| Equity | 10/15 | €832,459 | €1,091,144 | +€258,685 | +31.1% |
| Contributions | 10/11 | €18,550 | €18,550 | = | 0.0% |
| Reserves | 13 | €813,909 | €1,072,594 | +€258,685 | +31.8% |
| Non-distributable reserves | 130/1 | €0 | - | = | |
| Reserves not available under the articles | 1311 | €0 | - | = | |
| Distributable reserves | 133 | €813,909 | €1,072,594 | +€258,685 | +31.8% |
| Profit (loss) carried forward | 14 | €0 | €0 | = | |
| Provisions and deferred taxes | 16 | €13,653 | €10,700 | -€2,953 | -21.6% |
| Provisions for liabilities and charges | 160/5 | €13,653 | €10,700 | -€2,953 | -21.6% |
| Other liabilities and charges | 164/5 | €13,653 | €10,700 | -€2,953 | -21.6% |
| Amounts payable | 17/49 | €827,202 | €943,225 | +€116,023 | +14.0% |
| Amounts payable after more than one year | 17 | €135,731 | €105,976 | -€29,755 | -21.9% |
| Financial debts | 170/4 | €75,731 | €45,976 | -€29,755 | -39.3% |
| Other amounts payable | 178/9 | €60,000 | €60,000 | = | 0.0% |
| Amounts payable within one year | 42/48 | €691,364 | €837,249 | +€145,885 | +21.1% |
| Current portion of amounts payable after more than one year | 42 | €56,670 | €57,980 | +€1,311 | +2.3% |
| Financial debts | 43 | €63,543 | €16,862 | -€46,681 | -73.5% |
| Credit institutions | 430/8 | €63,543 | €16,862 | -€46,681 | -73.5% |
| Trade debts | 44 | €402,851 | €590,000 | +€187,149 | +46.5% |
| Suppliers | 440/4 | €402,851 | €590,000 | +€187,149 | +46.5% |
| Advances received on contracts in progress | 46 | €0 | - | = | |
| Taxes, remuneration and social security | 45 | €112,693 | €147,309 | +€34,617 | +30.7% |
| Taxes | 450/3 | €44,540 | €55,209 | +€10,669 | +24.0% |
| Remuneration and social security | 454/9 | €68,153 | €92,100 | +€23,947 | +35.1% |
| Other amounts payable | 47/48 | €55,608 | €25,097 | -€30,511 | -54.9% |
| Accrued charges and deferred income | 492/3 | €106 | €0 | -€106 | -100.0% |
| Remuneration, social security and pensions | 62 | €874,615 | €1,079,505 | +€204,890 | +23.4% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €71,468 | €89,163 | +€17,695 | +24.8% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | €0 | €23,775 | +€23,775 | |
| Provisions for liabilities and charges: additions (uses and reversals) | 635/8 | -€28,347 | -€2,953 | +€25,393 | +89.6% |
| Other operating charges | 640/8 | €6,701 | €16,810 | +€10,109 | +150.9% |
| Gross operating margin | 9900 | €1,252,580 | €1,595,771 | +€343,191 | +27.4% |
| Operating profit (loss) | 9901 | €328,142 | €389,471 | +€61,329 | +18.7% |
| Financial income | 75/76B | €2,005 | €15,809 | +€13,804 | +688.4% |
| Recurring financial income | 75 | €2,005 | €15,809 | +€13,804 | +688.4% |
| Financial charges | 65/66B | €10,489 | €17,951 | +€7,462 | +71.1% |
| Recurring financial charges | 65 | €10,489 | €17,951 | +€7,462 | +71.1% |
| Profit (loss) for the period before taxes | 9903 | €319,658 | €387,329 | +€67,671 | +21.2% |
| Income taxes | 67/77 | €78,200 | €98,644 | +€20,444 | +26.1% |
| Profit (loss) for the period | 9904 | €241,457 | €288,685 | +€47,227 | +19.6% |
| Profit (loss) for the period to be appropriated | 9905 | €241,457 | €288,685 | +€47,227 | +19.6% |
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 4 October 2026 via checked.be.