Hevado: 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.
Hevado
Largest movements
- Tangible fixed assets +€65,814
up €65,814 (+509.0%), from €12,930 to €78,745
of which Furniture and vehicles: +€62,855
- Current investments -€26,000
down €26,000 (-52.0%), from €50,000 to €24,000
- Reserves +€41,687
up €41,687 (+11.7%), from €356,671 to €398,358
of which Distributable reserves: +€41,687
- Gross operating margin +€11,754
up €11,754 (+21.0%), from €55,968 to €67,721
- Depreciation -€2,646
down €2,646 (-20.1%), from €13,159 to €10,514
- Financial income -€2,253
down €2,253 (-100.0%), from €2,253 to €0
- Taxes +€819
up €819 (+5.7%), from €14,271 to €15,090
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 | €390,887 | €436,273 | +€45,386 | +11.6% |
| Fixed assets | 21/28 | €56,155 | €121,970 | +€65,814 | +117.2% |
| Tangible fixed assets | 22/27 | €12,930 | €78,745 | +€65,814 | +509.0% |
| Plant, machinery and equipment | 23 | - | €2,960 | +€2,960 | |
| Furniture and vehicles | 24 | €12,930 | €75,785 | +€62,855 | +486.1% |
| Financial fixed assets | 28 | €43,225 | €43,225 | = | 0.0% |
| Current assets | 29/58 | €334,731 | €314,303 | -€20,428 | -6.1% |
| Amounts receivable within one year | 40/41 | €41,052 | €43,619 | +€2,567 | +6.3% |
| Trade receivables | 40 | €35,149 | €37,716 | +€2,567 | +7.3% |
| Other amounts receivable | 41 | €5,904 | €5,904 | = | 0.0% |
| Current investments | 50/53 | €50,000 | €24,000 | -€26,000 | -52.0% |
| Cash at bank and in hand | 54/58 | €243,679 | €246,684 | +€3,005 | +1.2% |
| Total equity and liabilities | 10/49 | €390,887 | €436,273 | +€45,386 | +11.6% |
| Equity | 10/15 | €369,071 | €410,758 | +€41,687 | +11.3% |
| Contributions | 10/11 | €12,400 | €12,400 | = | 0.0% |
| Reserves | 13 | €356,671 | €398,358 | +€41,687 | +11.7% |
| Non-distributable reserves | 130/1 | €1,860 | €1,860 | = | 0.0% |
| Reserves not available under the articles | 1311 | €1,860 | €1,860 | = | 0.0% |
| Distributable reserves | 133 | €354,811 | €396,498 | +€41,687 | +11.7% |
| Amounts payable | 17/49 | €21,816 | €25,514 | +€3,699 | +17.0% |
| Amounts payable within one year | 42/48 | €21,816 | €25,514 | +€3,699 | +17.0% |
| Trade debts | 44 | €207 | €1,986 | +€1,779 | +859.1% |
| Suppliers | 440/4 | €207 | €1,986 | +€1,779 | +859.1% |
| Taxes, remuneration and social security | 45 | €15,480 | €16,274 | +€794 | +5.1% |
| Taxes | 450/3 | €15,480 | €16,274 | +€794 | +5.1% |
| Other amounts payable | 47/48 | €6,129 | €7,254 | +€1,126 | +18.4% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €13,159 | €10,514 | -€2,646 | -20.1% |
| Other operating charges | 640/8 | €693 | €233 | -€461 | -66.5% |
| Gross operating margin | 9900 | €55,968 | €67,721 | +€11,754 | +21.0% |
| Operating profit (loss) | 9901 | €42,115 | €56,975 | +€14,860 | +35.3% |
| Financial income | 75/76B | €2,253 | €0 | -€2,253 | -100.0% |
| Recurring financial income | 75 | €2,253 | €0 | -€2,253 | -100.0% |
| Financial charges | 65/66B | €27 | €198 | +€171 | +636.6% |
| Recurring financial charges | 65 | €27 | €198 | +€171 | +636.6% |
| Profit (loss) for the period before taxes | 9903 | €44,341 | €56,777 | +€12,436 | +28.0% |
| Income taxes | 67/77 | €14,271 | €15,090 | +€819 | +5.7% |
| Profit (loss) for the period | 9904 | €30,070 | €41,687 | +€11,617 | +38.6% |
| Profit (loss) for the period to be appropriated | 9905 | €30,070 | €41,687 | +€11,617 | +38.6% |
Source: filed annual accounts (NBB), fiscal years ended 31 December 2024 and 31 December 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 6 October 2026 via checked.be.