HEVALAND: 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.
HEVALAND
Largest movements
- Cash +€30,439
up €30,439 (+30.7%), from €99,309 to €129,748
mainly Depreciation (+€20,370) and Net result for the year (+€12,434)
- Tangible fixed assets -€17,889
down €17,889 (-19.5%), from €91,955 to €74,066
of which Furniture and vehicles: -€9,268
- Receivables within one year +€7,506
up €7,506 (+54.2%), from €13,849 to €21,355
of which Trade receivables: +€6,778
- Reserves +€11,284
up €11,284 (+6.8%), from €165,033 to €176,317
of which Distributable reserves: +€11,284
- Tax, wage and social debts +€3,568
up €3,568 (+37.9%), from €9,406 to €12,974
- Trade debts +€2,455
up €2,455 (+91.4%), from €2,686 to €5,141
- Depreciation -€3,563
down €3,563 (-14.9%), from €23,933 to €20,370
- Taxes +€864
up €864 (+19.6%), from €4,403 to €5,267
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 | €206,963 | €225,419 | +€18,456 | +8.9% |
| Fixed assets | 21/28 | €91,955 | €74,066 | -€17,889 | -19.5% |
| Tangible fixed assets | 22/27 | €91,955 | €74,066 | -€17,889 | -19.5% |
| Land and buildings | 22 | €369 | €248 | -€121 | -32.8% |
| Plant, machinery and equipment | 23 | €23,831 | €15,331 | -€8,500 | -35.7% |
| Furniture and vehicles | 24 | €67,755 | €58,487 | -€9,268 | -13.7% |
| Current assets | 29/58 | €115,008 | €151,353 | +€36,345 | +31.6% |
| Stocks and contracts in progress | 3 | €1,850 | €250 | -€1,600 | -86.5% |
| Stocks | 30/36 | €1,850 | €250 | -€1,600 | -86.5% |
| Amounts receivable within one year | 40/41 | €13,849 | €21,355 | +€7,506 | +54.2% |
| Trade receivables | 40 | €11,752 | €18,530 | +€6,778 | +57.7% |
| Other amounts receivable | 41 | €2,097 | €2,825 | +€728 | +34.7% |
| Cash at bank and in hand | 54/58 | €99,309 | €129,748 | +€30,439 | +30.7% |
| Total equity and liabilities | 10/49 | €206,963 | €225,419 | +€18,456 | +8.9% |
| Equity | 10/15 | €194,871 | €207,304 | +€12,433 | +6.4% |
| Contributions | 10/11 | €30,987 | €30,987 | = | 0.0% |
| Capital | 10 | €30,987 | €30,987 | = | 0.0% |
| Issued capital | 100 | €30,987 | €30,987 | = | 0.0% |
| Reserves | 13 | €165,033 | €176,317 | +€11,284 | +6.8% |
| Non-distributable reserves | 130/1 | €6,220 | €6,220 | = | 0.0% |
| Legal reserve | 130 | €6,220 | €6,220 | = | 0.0% |
| Distributable reserves | 133 | €158,813 | €170,097 | +€11,284 | +7.1% |
| Profit (loss) carried forward | 14 | -€1,149 | €0 | +€1,149 | |
| Amounts payable | 17/49 | €12,092 | €18,115 | +€6,023 | +49.8% |
| Amounts payable within one year | 42/48 | €12,092 | €18,115 | +€6,023 | +49.8% |
| Trade debts | 44 | €2,686 | €5,141 | +€2,455 | +91.4% |
| Suppliers | 440/4 | €2,686 | €5,141 | +€2,455 | +91.4% |
| Taxes, remuneration and social security | 45 | €9,406 | €12,974 | +€3,568 | +37.9% |
| Taxes | 450/3 | €9,406 | €12,974 | +€3,568 | +37.9% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €23,933 | €20,370 | -€3,563 | -14.9% |
| Other operating charges | 640/8 | €1,717 | €1,792 | +€75 | +4.4% |
| Gross operating margin | 9900 | €40,261 | €39,938 | -€323 | -0.8% |
| Operating profit (loss) | 9901 | €14,611 | €17,776 | +€3,165 | +21.7% |
| Financial income | 75/76B | - | €46 | +€46 | |
| Recurring financial income | 75 | - | €46 | +€46 | |
| Financial charges | 65/66B | €61 | €121 | +€60 | +98.4% |
| Recurring financial charges | 65 | €61 | €121 | +€60 | +98.4% |
| Profit (loss) for the period before taxes | 9903 | €14,550 | €17,701 | +€3,151 | +21.7% |
| Income taxes | 67/77 | €4,403 | €5,267 | +€864 | +19.6% |
| Profit (loss) for the period | 9904 | €10,147 | €12,434 | +€2,287 | +22.5% |
| Profit (loss) for the period to be appropriated | 9905 | €10,147 | €12,434 | +€2,287 | +22.5% |
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 18 October 2026 via checked.be.