HEY: 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.
HEY
Largest movements
- Receivables within one year +€11,959
up €11,959 (+83.6%), from €14,308 to €26,267
of which Trade receivables: +€6,149
- Cash -€3,928
down €3,928 (-100.0%), from €3,928 to €0
mainly Receivables within one year (-€11,959) and Trade debts (-€5,530)
- Deferred charges and accrued income -€1,389
down €1,389 (-35.8%), from €3,878 to €2,489
- Tangible fixed assets +€1,035
new in 2025: €1,035
- Profit (loss) carried forward +€9,886
up €9,886 (+88.9%), from -€11,120 to -€1,235
- Trade debts -€5,530
down €5,530 (-99.6%), from €5,552 to €22
- Short-term financial debts +€5,444
new in 2025: €5,444
- Tax, wage and social debts -€2,122
down €2,122 (-22.0%), from €9,651 to €7,529
of which Remuneration and social security: -€3,183
- Taxes -€4,959
down €4,959 (-60.2%), from €8,233 to €3,274
- Other operating charges +€2,664
up €2,664 (+37.2%), from €7,167 to €9,831
- Financial charges -€1,469
down €1,469 (-75.6%), from €1,943 to €474
- Depreciation -€336
down €336 (-39.4%), from €854 to €518
- Gross operating margin -€284
down €284 (-1.2%), from €24,267 to €23,983
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.
Derived cash bridge
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 | €22,684 | €30,361 | +€7,677 | +33.8% |
| Fixed assets | 21/28 | €570 | €1,605 | +€1,035 | +182% |
| Tangible fixed assets | 22/27 | - | €1,035 | +€1,035 | |
| Plant, machinery and equipment | 23 | - | €1,035 | +€1,035 | |
| Financial fixed assets | 28 | €570 | €570 | = | 0.0% |
| Current assets | 29/58 | €22,114 | €28,756 | +€6,642 | +30.0% |
| Amounts receivable within one year | 40/41 | €14,308 | €26,267 | +€11,959 | +83.6% |
| Trade receivables | 40 | €14,303 | €20,453 | +€6,149 | +43.0% |
| Other amounts receivable | 41 | €4 | €5,814 | +€5,810 | +133,257% |
| Cash at bank and in hand | 54/58 | €3,928 | €0 | -€3,928 | -100.0% |
| Deferred charges and accrued income | 490/1 | €3,878 | €2,489 | -€1,389 | -35.8% |
| Total equity and liabilities | 10/49 | €22,684 | €30,361 | +€7,677 | +33.8% |
| Equity | 10/15 | €7,480 | €17,366 | +€9,886 | +132% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€11,120 | -€1,235 | +€9,886 | +88.9% |
| Amounts payable | 17/49 | €15,204 | €12,996 | -€2,208 | -14.5% |
| Amounts payable within one year | 42/48 | €15,204 | €12,996 | -€2,208 | -14.5% |
| Financial debts | 43 | - | €5,444 | +€5,444 | |
| Credit institutions | 430/8 | - | €5,444 | +€5,444 | |
| Trade debts | 44 | €5,552 | €22 | -€5,530 | -99.6% |
| Suppliers | 440/4 | €5,552 | €22 | -€5,530 | -99.6% |
| Taxes, remuneration and social security | 45 | €9,651 | €7,529 | -€2,122 | -22.0% |
| Taxes | 450/3 | €6,468 | €7,529 | +€1,061 | +16.4% |
| Remuneration and social security | 454/9 | €3,183 | - | -€3,183 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €854 | €518 | -€336 | -39.4% |
| Other operating charges | 640/8 | €7,167 | €9,831 | +€2,664 | +37.2% |
| Gross operating margin | 9900 | €24,267 | €23,983 | -€284 | -1.2% |
| Operating profit (loss) | 9901 | €16,246 | €13,634 | -€2,612 | -16.1% |
| Financial charges | 65/66B | €1,943 | €474 | -€1,469 | -75.6% |
| Recurring financial charges | 65 | €1,943 | €474 | -€1,469 | -75.6% |
| Profit (loss) for the period before taxes | 9903 | €14,302 | €13,159 | -€1,143 | -8.0% |
| Income taxes | 67/77 | €8,233 | €3,274 | -€4,959 | -60.2% |
| Profit (loss) for the period | 9904 | €6,070 | €9,886 | +€3,816 | +62.9% |
| Profit (loss) for the period to be appropriated | 9905 | €6,070 | €9,886 | +€3,816 | +62.9% |
Source: filed annual accounts (NBB), financial years ended 31 March 2024 and 31 March 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 17 October 2026 via checked.be.