HEVANIM: 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
HEVANIM
NACE 70.200, Business and other management consultancy
fiscal year 2024 against 2025filed annual accounts (NBB)
Net result for the year
€65,977
2024 · €69,759-€3,782
Equity
€526,779
2024 · €460,801+€65,977
Cash
€100,692
2024 · €72,760+€27,932
Balance sheet total
€962,827
2024 · €890,386+€72,441
Largest movements
Assets
- Tangible fixed assets +€41,589
up €41,589 (+5.4%), from €768,177 to €809,766
of which Leasing and similar rights: +€68,785
- Cash +€27,932
up €27,932 (+38.4%), from €72,760 to €100,692
mainly Depreciation (+€66,543) and Net result for the year (+€65,977)
Equity and liabilities
- Reserves +€65,977
up €65,977 (+16.5%), from €398,801 to €464,779
of which Distributable reserves: +€69,021
- Debts after one year +€51,754
up €51,754 (+35.0%), from €147,731 to €199,485
- Current portion of long-term debt -€38,302
down €38,302 (-65.8%), from €58,219 to €19,918
Income statement
- Depreciation +€15,772
up €15,772 (+31.1%), from €50,771 to €66,543
- Gross operating margin +€12,505
up €12,505 (+7.5%), from €167,413 to €179,919
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
€69,759
Gross operating margin
+€12,505
Depreciation
-€15,772
Other operating charges
-€1,520
Financial income
+€891
Financial charges
+€963
Taxes
-€849
Result 2025
€65,977
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
+€122,644
Investment
-€108,132
Financing
+€13,420
Cash 2024
€72,760
From operations (derived)
+€122,644
Net result for the year
+€65,977
Depreciation
+€66,543
Receivables within one year
-€2,538
Deferred charges and accrued income
-€382
Provisions
-€1,567
Trade debts
-€584
Tax, wage and social debts
-€3,626
Other debts
-€1,168
Accrued charges and deferred income
-€10
Investment (derived)
-€108,132
Investment in fixed assets (net)
-€108,132
Financing
+€13,420
Debts after one year
+€51,754
Current portion of long-term debt
-€38,302
Short-term financial debts
-€32
Cash 2025
€100,692
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €890,386 | €962,827 | +€72,441 | +8.1% |
| Fixed assets | 21/28 | €768,177 | €809,766 | +€41,589 | +5.4% |
| Tangible fixed assets | 22/27 | €768,177 | €809,766 | +€41,589 | +5.4% |
| Land and buildings | 22 | €766,635 | €723,955 | -€42,680 | -5.6% |
| Plant, machinery and equipment | 23 | €1,541 | €5,678 | +€4,137 | +268.4% |
| Furniture and vehicles | 24 | - | €11,348 | +€11,348 | |
| Leasing and similar rights | 25 | - | €68,785 | +€68,785 | |
| Current assets | 29/58 | €122,209 | €153,061 | +€30,852 | +25.2% |
| Amounts receivable within one year | 40/41 | €42,404 | €44,942 | +€2,538 | +6.0% |
| Trade receivables | 40 | €35,249 | €44,544 | +€9,295 | +26.4% |
| Other amounts receivable | 41 | €7,155 | €398 | -€6,756 | -94.4% |
| Cash at bank and in hand | 54/58 | €72,760 | €100,692 | +€27,932 | +38.4% |
| Deferred charges and accrued income | 490/1 | €7,045 | €7,427 | +€382 | +5.4% |
| Total equity and liabilities | 10/49 | €890,386 | €962,827 | +€72,441 | +8.1% |
| Equity | 10/15 | €460,801 | €526,779 | +€65,977 | +14.3% |
| Contributions | 10/11 | €62,000 | €62,000 | = | 0.0% |
| Capital | 10 | €62,000 | €62,000 | = | 0.0% |
| Issued capital | 100 | €62,000 | €62,000 | = | 0.0% |
| Reserves | 13 | €398,801 | €464,779 | +€65,977 | +16.5% |
| Non-distributable reserves | 130/1 | €6,200 | €6,200 | = | 0.0% |
| Legal reserve | 130 | €6,200 | €6,200 | = | 0.0% |
| Tax-exempt reserves | 132 | €45,661 | €42,617 | -€3,044 | -6.7% |
| Distributable reserves | 133 | €346,940 | €415,962 | +€69,021 | +19.9% |
| Profit (loss) carried forward | 14 | €0 | €0 | = | |
| Provisions and deferred taxes | 16 | €23,512 | €21,944 | -€1,567 | -6.7% |
| Deferred taxes | 168 | €23,512 | €21,944 | -€1,567 | -6.7% |
| Amounts payable | 17/49 | €406,072 | €414,104 | +€8,031 | +2.0% |
| Amounts payable after more than one year | 17 | €147,731 | €199,485 | +€51,754 | +35.0% |
| Financial debts | 170/4 | €147,731 | €199,485 | +€51,754 | +35.0% |
| Amounts payable within one year | 42/48 | €258,160 | €214,447 | -€43,712 | -16.9% |
| Current portion of amounts payable after more than one year | 42 | €58,219 | €19,918 | -€38,302 | -65.8% |
| Financial debts | 43 | €6,761 | €6,730 | -€32 | -0.5% |
| Credit institutions | 430/8 | €6,761 | €6,730 | -€32 | -0.5% |
| Trade debts | 44 | €13,779 | €13,195 | -€584 | -4.2% |
| Suppliers | 440/4 | €13,779 | €13,195 | -€584 | -4.2% |
| Taxes, remuneration and social security | 45 | €46,396 | €42,770 | -€3,626 | -7.8% |
| Taxes | 450/3 | €46,396 | €42,770 | -€3,626 | -7.8% |
| Other amounts payable | 47/48 | €133,004 | €131,836 | -€1,168 | -0.9% |
| Accrued charges and deferred income | 492/3 | €181 | €172 | -€10 | -5.3% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €50,771 | €66,543 | +€15,772 | +31.1% |
| Other operating charges | 640/8 | €4,050 | €5,571 | +€1,520 | +37.5% |
| Gross operating margin | 9900 | €167,413 | €179,919 | +€12,505 | +7.5% |
| Operating profit (loss) | 9901 | €112,593 | €107,805 | -€4,787 | -4.3% |
| Financial income | 75/76B | €12 | €903 | +€891 | +7202.4% |
| Recurring financial income | 75 | €12 | €903 | +€891 | +7202.4% |
| Financial charges | 65/66B | €14,989 | €14,026 | -€963 | -6.4% |
| Recurring financial charges | 65 | €14,989 | €14,026 | -€963 | -6.4% |
| Profit (loss) for the period before taxes | 9903 | €97,616 | €94,683 | -€2,933 | -3.0% |
| Transfer from deferred taxes | 780 | €1,567 | €1,567 | = | 0.0% |
| Income taxes | 67/77 | €29,424 | €30,273 | +€849 | +2.9% |
| Profit (loss) for the period | 9904 | €69,759 | €65,977 | -€3,782 | -5.4% |
| Transfer from tax-exempt reserves | 789 | €3,044 | €3,044 | = | 0.0% |
| Profit (loss) for the period to be appropriated | 9905 | €72,803 | €69,021 | -€3,782 | -5.2% |
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 4 October 2026 via checked.be.