HEVRO: 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.
HEVRO
Largest movements
- Receivables within one year +€252,097
up €252,097 (+1629.0%), from €15,476 to €267,573
of which Trade receivables: +€203,783
- Profit (loss) carried forward +€186,714
no longer reported in 2025 (was -€186,714)
- Tax, wage and social debts +€42,921
new in 2025: €42,921
- Current portion of long-term debt -€30,483
no longer reported in 2025 (was €30,483)
- Trade debts +€24,605
up €24,605 (+3265.3%), from €754 to €25,358
- Debts after one year +€17,702
up €17,702 (+5.8%), from €305,035 to €322,738
- Gross operating margin +€141,079
up €141,079 (+260.3%), from €54,209 to €195,288
- Depreciation -€6,318
down €6,318 (-72.9%), from €8,668 to €2,351
- Financial income +€2,187
up €2,187 (+73144.5%), from €3 to €2,190
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 | €157,994 | €407,311 | +€249,317 | +157.8% |
| Fixed assets | 21/28 | €11,837 | €9,486 | -€2,351 | -19.9% |
| Intangible fixed assets | 21 | - | €0 | = | |
| Tangible fixed assets | 22/27 | €11,837 | €9,486 | -€2,351 | -19.9% |
| Land and buildings | 22 | €10,930 | €8,744 | -€2,185 | -20.0% |
| Plant, machinery and equipment | 23 | €387 | €278 | -€110 | -28.3% |
| Furniture and vehicles | 24 | €520 | €465 | -€56 | -10.7% |
| Current assets | 29/58 | €146,157 | €397,825 | +€251,668 | +172.2% |
| Stocks and contracts in progress | 3 | €123,967 | €123,967 | = | 0.0% |
| Stocks | 30/36 | €123,967 | €123,967 | = | 0.0% |
| Amounts receivable within one year | 40/41 | €15,476 | €267,573 | +€252,097 | +1629.0% |
| Trade receivables | 40 | €4,221 | €208,004 | +€203,783 | +4828.1% |
| Other amounts receivable | 41 | €11,255 | €59,569 | +€48,314 | +429.3% |
| Cash at bank and in hand | 54/58 | €5,652 | €5,712 | +€60 | +1.1% |
| Deferred charges and accrued income | 490/1 | €1,062 | €573 | -€489 | -46.1% |
| Total equity and liabilities | 10/49 | €157,994 | €407,311 | +€249,317 | +157.8% |
| Equity | 10/15 | -€178,659 | €16,294 | +€194,953 | |
| Contributions | 10/11 | €6,200 | €6,200 | = | 0.0% |
| Reserves | 13 | €1,855 | €10,094 | +€8,239 | +444.1% |
| Distributable reserves | 133 | €1,855 | €10,094 | +€8,239 | +444.1% |
| Profit (loss) carried forward | 14 | -€186,714 | - | +€186,714 | |
| Amounts payable | 17/49 | €336,653 | €391,017 | +€54,364 | +16.1% |
| Amounts payable after more than one year | 17 | €305,035 | €322,738 | +€17,702 | +5.8% |
| Other amounts payable | 178/9 | €305,035 | €322,738 | +€17,702 | +5.8% |
| Amounts payable within one year | 42/48 | €31,237 | €68,279 | +€37,043 | +118.6% |
| Current portion of amounts payable after more than one year | 42 | €30,483 | - | -€30,483 | |
| Trade debts | 44 | €754 | €25,358 | +€24,605 | +3265.3% |
| Suppliers | 440/4 | €754 | €25,358 | +€24,605 | +3265.3% |
| Taxes, remuneration and social security | 45 | - | €42,921 | +€42,921 | |
| Taxes | 450/3 | - | €42,921 | +€42,921 | |
| Accrued charges and deferred income | 492/3 | €381 | - | -€381 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €8,668 | €2,351 | -€6,318 | -72.9% |
| Other operating charges | 640/8 | €162 | €62 | -€100 | -61.7% |
| Gross operating margin | 9900 | €54,209 | €195,288 | +€141,079 | +260.3% |
| Operating profit (loss) | 9901 | €45,379 | €192,875 | +€147,497 | +325.0% |
| Financial income | 75/76B | €3 | €2,190 | +€2,187 | +73144.5% |
| Recurring financial income | 75 | €3 | €2,190 | +€2,187 | +73144.5% |
| Financial charges | 65/66B | €343 | €112 | -€230 | -67.3% |
| Recurring financial charges | 65 | €343 | €112 | -€230 | -67.3% |
| Profit (loss) for the period before taxes | 9903 | €45,039 | €194,953 | +€149,914 | +332.9% |
| Profit (loss) for the period | 9904 | €45,039 | €194,953 | +€149,914 | +332.9% |
| Profit (loss) for the period to be appropriated | 9905 | €45,039 | €194,953 | +€149,914 | +332.9% |
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.