HEVICO: 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.
HEVICO
Largest movements
- Tangible fixed assets -€4,856
down €4,856 (-62.5%), from €7,770 to €2,914
- Receivables within one year +€2,875
up €2,875 (+63.5%), from €4,531 to €7,405
of which Trade receivables: +€2,581
- Other debts +€13,325
up €13,325 (+2602.1%), from €512 to €13,837
- Reserves -€9,925
down €9,925 (-10.9%), from €91,145 to €81,220
- Tax, wage and social debts -€2,612
down €2,612 (-51.5%), from €5,069 to €2,458
- Trade debts -€2,370
down €2,370 (-64.3%), from €3,685 to €1,315
- Gross operating margin +€5,756
up €5,756 (+60.0%), from €9,597 to €15,353
- Taxes +€2,263
up €2,263 (+86.3%), from €2,621 to €4,884
- Other operating charges +€397
up €397 (+28.9%), from €1,371 to €1,768
- Depreciation -€358
down €358 (-6.9%), from €5,214 to €4,856
- Financial income +€301
up €301 (+54.2%), from €557 to €858
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 | €120,872 | €119,290 | -€1,581 | -1.3% |
| Fixed assets | 21/28 | €7,770 | €2,914 | -€4,856 | -62.5% |
| Tangible fixed assets | 22/27 | €7,770 | €2,914 | -€4,856 | -62.5% |
| Furniture and vehicles | 24 | €7,770 | €2,914 | -€4,856 | -62.5% |
| Current assets | 29/58 | €113,102 | €116,376 | +€3,275 | +2.9% |
| Amounts receivable within one year | 40/41 | €4,531 | €7,405 | +€2,875 | +63.5% |
| Trade receivables | 40 | €3,296 | €5,877 | +€2,581 | +78.3% |
| Other amounts receivable | 41 | €1,234 | €1,528 | +€294 | +23.8% |
| Current investments | 50/53 | €10,000 | €10,000 | = | 0.0% |
| Cash at bank and in hand | 54/58 | €98,057 | €98,844 | +€787 | +0.8% |
| Deferred charges and accrued income | 490/1 | €514 | €127 | -€387 | -75.2% |
| Total equity and liabilities | 10/49 | €120,872 | €119,290 | -€1,581 | -1.3% |
| Equity | 10/15 | €111,605 | €101,680 | -€9,925 | -8.9% |
| Contributions | 10/11 | €20,460 | €20,460 | = | 0.0% |
| Reserves | 13 | €91,145 | €81,220 | -€9,925 | -10.9% |
| Distributable reserves | 133 | €91,145 | €81,220 | -€9,925 | -10.9% |
| Profit (loss) carried forward | 14 | €0 | €0 | = | |
| Amounts payable | 17/49 | €9,267 | €17,610 | +€8,344 | +90.0% |
| Amounts payable within one year | 42/48 | €9,267 | €17,610 | +€8,344 | +90.0% |
| Trade debts | 44 | €3,685 | €1,315 | -€2,370 | -64.3% |
| Suppliers | 440/4 | €3,685 | €1,315 | -€2,370 | -64.3% |
| Taxes, remuneration and social security | 45 | €5,069 | €2,458 | -€2,612 | -51.5% |
| Taxes | 450/3 | €5,069 | €2,458 | -€2,612 | -51.5% |
| Other amounts payable | 47/48 | €512 | €13,837 | +€13,325 | +2602.1% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €5,214 | €4,856 | -€358 | -6.9% |
| Other operating charges | 640/8 | €1,371 | €1,768 | +€397 | +28.9% |
| Non-recurring operating charges | 66A | €0 | - | = | |
| Gross operating margin | 9900 | €9,597 | €15,353 | +€5,756 | +60.0% |
| Operating profit (loss) | 9901 | €3,012 | €8,729 | +€5,717 | +189.8% |
| Financial income | 75/76B | €557 | €858 | +€301 | +54.2% |
| Recurring financial income | 75 | €557 | €858 | +€301 | +54.2% |
| Financial charges | 65/66B | €97 | €62 | -€34 | -35.6% |
| Recurring financial charges | 65 | €97 | €62 | -€34 | -35.6% |
| Profit (loss) for the period before taxes | 9903 | €3,472 | €9,525 | +€6,053 | +174.3% |
| Income taxes | 67/77 | €2,621 | €4,884 | +€2,263 | +86.3% |
| Profit (loss) for the period | 9904 | €851 | €4,641 | +€3,790 | +445.4% |
| Profit (loss) for the period to be appropriated | 9905 | €851 | €4,641 | +€3,790 | +445.4% |
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 6 October 2026 via checked.be.