HEVEPHI: 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.
HEVEPHI
Largest movements
- Receivables within one year -€8,206
down €8,206 (-100.0%), from €8,206 to €0
- Tangible fixed assets -€6,856
down €6,856 (-38.2%), from €17,925 to €11,069
- Trade debts -€9,446
down €9,446 (-43.1%), from €21,914 to €12,468
- Other debts -€7,269
down €7,269 (-11.4%), from €63,639 to €56,369
- Short-term financial debts -€2,952
down €2,952 (-21.4%), from €13,799 to €10,847
- Tax, wage and social debts +€2,195
up €2,195 (+368.2%), from €596 to €2,792
- Profit (loss) carried forward +€2,094
up €2,094 (+2.4%), from -€88,942 to -€86,848
- Gross operating margin +€9,436
up €9,436 (+267.5%), from €3,528 to €12,964
- Depreciation +€3,925
up €3,925 (+133.9%), from €2,931 to €6,856
- Other operating charges +€468
up €468 (+55.7%), from €839 to €1,307
- Financial charges -€282
down €282 (-10.0%), from €2,813 to €2,531
- Taxes +€131
up €131 (+291.8%), from €45 to €176
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 | €30,541 | €15,611 | -€14,930 | -48.9% |
| Fixed assets | 21/28 | €17,925 | €11,069 | -€6,856 | -38.2% |
| Tangible fixed assets | 22/27 | €17,925 | €11,069 | -€6,856 | -38.2% |
| Furniture and vehicles | 24 | €17,925 | €11,069 | -€6,856 | -38.2% |
| Current assets | 29/58 | €12,616 | €4,542 | -€8,074 | -64.0% |
| Stocks and contracts in progress | 3 | €3,922 | €4,063 | +€142 | +3.6% |
| Stocks | 30/36 | €3,922 | €4,063 | +€142 | +3.6% |
| Amounts receivable within one year | 40/41 | €8,206 | €0 | -€8,206 | -100.0% |
| Trade receivables | 40 | €8,206 | €0 | -€8,206 | -100.0% |
| Cash at bank and in hand | 54/58 | €169 | €219 | +€50 | +29.7% |
| Deferred charges and accrued income | 490/1 | €320 | €259 | -€60 | -18.8% |
| Total equity and liabilities | 10/49 | €30,541 | €15,611 | -€14,930 | -48.9% |
| Equity | 10/15 | -€69,407 | -€67,312 | +€2,094 | +3.0% |
| Contributions | 10/11 | €17,676 | €17,676 | = | 0.0% |
| Reserves | 13 | €1,859 | €1,859 | = | 0.0% |
| Distributable reserves | 133 | €1,859 | €1,859 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€88,942 | -€86,848 | +€2,094 | +2.4% |
| Amounts payable | 17/49 | €99,948 | €82,924 | -€17,024 | -17.0% |
| Amounts payable within one year | 42/48 | €99,948 | €82,476 | -€17,472 | -17.5% |
| Financial debts | 43 | €13,799 | €10,847 | -€2,952 | -21.4% |
| Credit institutions | 430/8 | €13,799 | €10,847 | -€2,952 | -21.4% |
| Trade debts | 44 | €21,914 | €12,468 | -€9,446 | -43.1% |
| Suppliers | 440/4 | €21,914 | €12,468 | -€9,446 | -43.1% |
| Taxes, remuneration and social security | 45 | €596 | €2,792 | +€2,195 | +368.2% |
| Taxes | 450/3 | €596 | €2,792 | +€2,195 | +368.2% |
| Other amounts payable | 47/48 | €63,639 | €56,369 | -€7,269 | -11.4% |
| Accrued charges and deferred income | 492/3 | - | €448 | +€448 | |
| Non-recurring operating income | 76A | €1,126 | €0 | -€1,126 | -100.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €2,931 | €6,856 | +€3,925 | +133.9% |
| Other operating charges | 640/8 | €839 | €1,307 | +€468 | +55.7% |
| Gross operating margin | 9900 | €3,528 | €12,964 | +€9,436 | +267.5% |
| Operating profit (loss) | 9901 | -€242 | €4,801 | +€5,043 | |
| Financial charges | 65/66B | €2,813 | €2,531 | -€282 | -10.0% |
| Recurring financial charges | 65 | €2,813 | €2,531 | -€282 | -10.0% |
| Profit (loss) for the period before taxes | 9903 | -€3,055 | €2,271 | +€5,325 | |
| Income taxes | 67/77 | €45 | €176 | +€131 | +291.8% |
| Profit (loss) for the period | 9904 | -€3,100 | €2,094 | +€5,194 | |
| Profit (loss) for the period to be appropriated | 9905 | -€3,100 | €2,094 | +€5,194 |
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 29 September 2026 via checked.be.