HEVAG: 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.
HEVAG
Largest movements
- Receivables within one year -€953
down €953 (-100%), from €953 to €0
- Cash +€70
up €70 (+25.7%), from €271 to €341
mainly Trade debts (+€2,354) and Net result for the year (+€1,316)
- Other debts -€5,024
down €5,024 (-3.2%), from €158,569 to €153,546
- Trade debts +€2,354
up €2,354 (+91.0%), from €2,586 to €4,939
- Profit (loss) carried forward +€1,316
up €1,316 (+0.5%), from -€264,931 to -€263,615
- Tax, wage and social debts +€470
new in 2025: €470
- Gross operating margin +€3,403
up €3,403, from -€1,387 to €2,016
- Other operating charges +€66
up €66 (+13.6%), from €484 to €549
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 | €1,224 | €341 | -€883 | -72.2% |
| Current assets | 29/58 | €1,224 | €341 | -€883 | -72.2% |
| Amounts receivable within one year | 40/41 | €953 | €0 | -€953 | -100% |
| Other amounts receivable | 41 | €953 | €0 | -€953 | -100% |
| Cash at bank and in hand | 54/58 | €271 | €341 | +€70 | +25.7% |
| Total equity and liabilities | 10/49 | €1,224 | €341 | -€883 | -72.2% |
| Equity | 10/15 | -€159,931 | -€158,615 | +€1,316 | +0.8% |
| Contributions | 10/11 | €100,000 | €100,000 | = | 0.0% |
| Reserves | 13 | €5,000 | €5,000 | = | 0.0% |
| Non-distributable reserves | 130/1 | €5,000 | €5,000 | = | 0.0% |
| Reserves not available under the articles | 1311 | €5,000 | €5,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€264,931 | -€263,615 | +€1,316 | +0.5% |
| Amounts payable | 17/49 | €161,155 | €158,956 | -€2,199 | -1.4% |
| Amounts payable within one year | 42/48 | €161,155 | €158,956 | -€2,199 | -1.4% |
| Trade debts | 44 | €2,586 | €4,939 | +€2,354 | +91.0% |
| Suppliers | 440/4 | €2,586 | €4,939 | +€2,354 | +91.0% |
| Taxes, remuneration and social security | 45 | - | €470 | +€470 | |
| Taxes | 450/3 | - | €470 | +€470 | |
| Other amounts payable | 47/48 | €158,569 | €153,546 | -€5,024 | -3.2% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €0 | - | = | |
| Other operating charges | 640/8 | €484 | €549 | +€66 | +13.6% |
| Gross operating margin | 9900 | -€1,387 | €2,016 | +€3,403 | |
| Operating profit (loss) | 9901 | -€1,870 | €1,466 | +€3,337 | |
| Financial charges | 65/66B | €165 | €150 | -€15 | -9.1% |
| Recurring financial charges | 65 | €165 | €150 | -€15 | -9.1% |
| Profit (loss) for the period before taxes | 9903 | -€2,035 | €1,316 | +€3,352 | |
| Profit (loss) for the period | 9904 | -€2,035 | €1,316 | +€3,352 | |
| Profit (loss) for the period to be appropriated | 9905 | -€2,035 | €1,316 | +€3,352 |
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 30 October 2026 via checked.be.