HEVIBEL: 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.
HEVIBEL
Largest movements
- Stocks and contracts +€510,000
up €510,000 (+45.1%), from €1.1m to €1.6m
- Receivables within one year +€77,947
up €77,947 (+592%), from €13,160 to €91,107
of which Other amounts receivable: +€60,104
- Tangible fixed assets -€74,545
down €74,545 (-2.5%), from €3.0m to €2.9m
of which Land and buildings: -€118,669
- Other debts +€1.3m
up €1.3m (+9.8%), from €13.2m to €14.5m
- Profit (loss) carried forward -€696,053
down €696,053 (-7.0%), from -€10.0m to -€10.6m
- Debts after one year -€121,566
down €121,566 (-66.2%), from €183,679 to €62,113
- Financial charges -€173,104
down €173,104 (-48.1%), from €359,887 to €186,783
- Taxes -€64,069
no longer reported in 2024 (was €64,069)
- Gross operating margin -€39,484
down €39,484 (-15.3%), from -€257,659 to -€297,142
- Staff costs -€14,478
down €14,478 (-23.5%), from €61,692 to €47,214
- Depreciation -€9,978
down €9,978 (-6.0%), from €165,374 to €155,395
From the 2023 result to the 2024 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 2023 and 2024 balance sheets and the 2024 result: not a filed cash-flow statement. It shows where the money came from and went.
Every line side by side
| Line | Code | 2023 | 2024 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €4,202,285 | €4,689,012 | +€486,727 | +11.6% |
| Fixed assets | 21/28 | €3,004,694 | €2,930,150 | -€74,545 | -2.5% |
| Tangible fixed assets | 22/27 | €3,003,564 | €2,929,020 | -€74,545 | -2.5% |
| Land and buildings | 22 | €2,408,868 | €2,290,199 | -€118,669 | -4.9% |
| Plant, machinery and equipment | 23 | €4,263 | €2,503 | -€1,760 | -41.3% |
| Furniture and vehicles | 24 | €590,433 | €636,318 | +€45,884 | +7.8% |
| Financial fixed assets | 28 | €1,130 | €1,130 | = | 0.0% |
| Current assets | 29/58 | €1,197,591 | €1,758,863 | +€561,272 | +46.9% |
| Stocks and contracts in progress | 3 | €1,130,800 | €1,640,800 | +€510,000 | +45.1% |
| Stocks | 30/36 | €1,130,800 | €1,640,800 | +€510,000 | +45.1% |
| Amounts receivable within one year | 40/41 | €13,160 | €91,107 | +€77,947 | +592% |
| Trade receivables | 40 | - | €17,843 | +€17,843 | |
| Other amounts receivable | 41 | €13,160 | €73,263 | +€60,104 | +457% |
| Cash at bank and in hand | 54/58 | €46,492 | €4,197 | -€42,295 | -91.0% |
| Deferred charges and accrued income | 490/1 | €7,140 | €22,759 | +€15,619 | +219% |
| Total equity and liabilities | 10/49 | €4,202,285 | €4,689,012 | +€486,727 | +11.6% |
| Equity | 10/15 | -€9,409,594 | -€10,105,648 | -€696,053 | -7.4% |
| Contributions | 10/11 | €541,000 | €541,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€9,950,594 | -€10,646,648 | -€696,053 | -7.0% |
| Amounts payable | 17/49 | €13,611,880 | €14,794,660 | +€1.2m | +8.7% |
| Amounts payable after more than one year | 17 | €183,679 | €62,113 | -€121,566 | -66.2% |
| Financial debts | 170/4 | €183,679 | €62,113 | -€121,566 | -66.2% |
| Amounts payable within one year | 42/48 | €13,370,991 | €14,669,582 | +€1.3m | +9.7% |
| Current portion of amounts payable after more than one year | 42 | €121,376 | €121,566 | +€189 | +0.2% |
| Trade debts | 44 | €39,635 | €53,455 | +€13,820 | +34.9% |
| Suppliers | 440/4 | €39,635 | €53,455 | +€13,820 | +34.9% |
| Taxes, remuneration and social security | 45 | €7,005 | €2,903 | -€4,102 | -58.6% |
| Remuneration and social security | 454/9 | €7,005 | €2,903 | -€4,102 | -58.6% |
| Other amounts payable | 47/48 | €13,202,975 | €14,491,659 | +€1.3m | +9.8% |
| Accrued charges and deferred income | 492/3 | €57,210 | €62,965 | +€5,755 | +10.1% |
| Remuneration, social security and pensions | 62 | €61,692 | €47,214 | -€14,478 | -23.5% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €165,374 | €155,395 | -€9,978 | -6.0% |
| Other operating charges | 640/8 | €8,507 | €9,524 | +€1,017 | +12.0% |
| Non-recurring operating charges | 66A | €3,832 | - | -€3,832 | |
| Gross operating margin | 9900 | -€257,659 | -€297,142 | -€39,484 | -15.3% |
| Operating profit (loss) | 9901 | -€497,063 | -€509,276 | -€12,213 | -2.5% |
| Financial income | 75/76B | €0 | €6 | +€6 | +29,850% |
| Recurring financial income | 75 | €0 | €6 | +€6 | +29,850% |
| Financial charges | 65/66B | €359,887 | €186,783 | -€173,104 | -48.1% |
| Recurring financial charges | 65 | €359,887 | €186,783 | -€173,104 | -48.1% |
| Profit (loss) for the period before taxes | 9903 | -€856,950 | -€696,053 | +€160,897 | +18.8% |
| Income taxes | 67/77 | €64,069 | - | -€64,069 | |
| Profit (loss) for the period | 9904 | -€921,019 | -€696,053 | +€224,966 | +24.4% |
| Profit (loss) for the period to be appropriated | 9905 | -€921,019 | -€696,053 | +€224,966 | +24.4% |
Source: filed annual accounts (NBB), financial years ended 31 December 2023 and 31 December 2024. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 15 October 2026 via checked.be.