HEY USA: 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 USA
Largest movements
- Cash +€9,717
up €9,717 (+569%), from €1,707 to €11,424
mainly Depreciation (+€6,184) and Other debts (+€5,694)
- Receivables within one year +€7,778
up €7,778 (+361%), from €2,157 to €9,934
of which Trade receivables: +€9,323
- Tangible fixed assets -€4,984
down €4,984 (-33.1%), from €15,068 to €10,083
- Stocks and contracts -€2,912
down €2,912 (-16.4%), from €17,749 to €14,837
- Intangible fixed assets -€1,200
down €1,200 (-28.6%), from €4,192 to €2,992
- Other debts +€5,694
up €5,694 (+4.1%), from €139,924 to €145,617
- Profit (loss) carried forward +€4,725
up €4,725 (+4.2%), from -€112,759 to -€108,034
- Trade debts -€2,074
down €2,074 (-68.3%), from €3,037 to €963
- Tax, wage and social debts +€1,065
up €1,065 (+1,807%), from €59 to €1,124
- Advances received -€611
down €611 (-100%), from €611 to €0
- Gross operating margin +€43,408
up €43,408, from -€31,956 to €11,453
- Other operating charges +€404
up €404 (+196%), from €207 to €611
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 | €40,871 | €49,670 | +€8,799 | +21.5% |
| Fixed assets | 21/28 | €19,259 | €13,075 | -€6,184 | -32.1% |
| Intangible fixed assets | 21 | €4,192 | €2,992 | -€1,200 | -28.6% |
| Tangible fixed assets | 22/27 | €15,068 | €10,083 | -€4,984 | -33.1% |
| Furniture and vehicles | 24 | €15,068 | €10,083 | -€4,984 | -33.1% |
| Current assets | 29/58 | €21,612 | €36,595 | +€14,983 | +69.3% |
| Stocks and contracts in progress | 3 | €17,749 | €14,837 | -€2,912 | -16.4% |
| Stocks | 30/36 | €17,749 | €14,837 | -€2,912 | -16.4% |
| Amounts receivable within one year | 40/41 | €2,157 | €9,934 | +€7,778 | +361% |
| Trade receivables | 40 | €611 | €9,934 | +€9,323 | +1,527% |
| Other amounts receivable | 41 | €1,546 | €0 | -€1,546 | -100% |
| Cash at bank and in hand | 54/58 | €1,707 | €11,424 | +€9,717 | +569% |
| Deferred charges and accrued income | 490/1 | - | €400 | +€400 | |
| Total equity and liabilities | 10/49 | €40,871 | €49,670 | +€8,799 | +21.5% |
| Equity | 10/15 | -€102,759 | -€98,034 | +€4,725 | +4.6% |
| Contributions | 10/11 | €10,000 | €10,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€112,759 | -€108,034 | +€4,725 | +4.2% |
| Amounts payable | 17/49 | €143,630 | €147,705 | +€4,074 | +2.8% |
| Amounts payable within one year | 42/48 | €143,630 | €147,705 | +€4,074 | +2.8% |
| Trade debts | 44 | €3,037 | €963 | -€2,074 | -68.3% |
| Suppliers | 440/4 | €3,037 | €963 | -€2,074 | -68.3% |
| Advances received on contracts in progress | 46 | €611 | €0 | -€611 | -100% |
| Taxes, remuneration and social security | 45 | €59 | €1,124 | +€1,065 | +1,807% |
| Taxes | 450/3 | €59 | €1,124 | +€1,065 | +1,807% |
| Other amounts payable | 47/48 | €139,924 | €145,617 | +€5,694 | +4.1% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €6,113 | €6,184 | +€71 | +1.2% |
| Other operating charges | 640/8 | €207 | €611 | +€404 | +196% |
| Gross operating margin | 9900 | -€31,956 | €11,453 | +€43,408 | |
| Operating profit (loss) | 9901 | -€38,276 | €4,657 | +€42,933 | |
| Financial income | 75/76B | €78 | €147 | +€69 | +88.3% |
| Recurring financial income | 75 | €78 | €147 | +€69 | +88.3% |
| Financial charges | 65/66B | €106 | €79 | -€27 | -25.7% |
| Recurring financial charges | 65 | €106 | €79 | -€27 | -25.7% |
| Profit (loss) for the period before taxes | 9903 | -€38,304 | €4,725 | +€43,029 | |
| Profit (loss) for the period | 9904 | -€38,304 | €4,725 | +€43,029 | |
| Profit (loss) for the period to be appropriated | 9905 | -€38,304 | €4,725 | +€43,029 |
Source: filed annual accounts (NBB), financial years ended 31 December 2024 and 31 December 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 14 October 2026 via checked.be.