HEYBO HV: what changed
What changed
HEYBO HV
NACE 49.410, Freight transport by road
filed annual accounts (NBB)
Net result for the year
-€83,175
2024 · -€68,604-€14,571
Equity
€2.0m
2024 · €2.1m-€83,175
Cash
€581,134
2024 · €176,746+€404,387
Balance sheet total
€2.1m
2024 · €2.1m-€58,289
Largest movements
Assets
- Current investments -€405,000
no longer reported in 2025 (was €405,000)
- Cash +€404,387
up €404,387 (+229%), from €176,746 to €581,134
mainly Current investments (+€405,000) and Depreciation (+€92,511)
- Tangible fixed assets -€53,321
down €53,321 (-3.5%), from €1.5m to €1.5m
of which Land and buildings: -€50,830
Equity and liabilities
- Profit (loss) carried forward -€83,175
down €83,175 (-35.1%), from -€237,237 to -€320,412
- Trade debts +€29,689
up €29,689 (+1,250%), from €2,376 to €32,065
Income statement
- Gross operating margin -€26,346
down €26,346 (-71.8%), from €36,683 to €10,337
- Taxes -€10,129
no longer reported in 2025 (was €10,129)
- Financial income +€8,119
up €8,119 (+104%), from €7,844 to €15,964
- Depreciation +€7,178
up €7,178 (+8.4%), from €85,333 to €92,511
- Other operating charges -€676
down €676 (-4.2%), from €15,956 to €15,280
Change in the result, 2024 to 2025
For each income-statement line you see the change as its effect on the result. Higher costs lower the result, higher income raises it.
Result 2024
-€68,604
Gross operating margin
-€26,346
Depreciation
-€7,178
Other operating charges
+€676
Other operating items
+€36
Financial income
+€8,119
Financial charges
-€7
Taxes
+€10,129
Result 2025
-€83,175
raises the resultlowers the resultnot broken down further in the accounts
Derived cash bridge
The bridge is derived from the 2024 and 2025 balance sheets and the 2025 result. There is no filed cash-flow statement. You see where the money came from and where it went.
From operations
+€38,577
Investment
+€365,810
Financing
€0
Cash 2024
€176,746
From operations (derived)
+€38,577
Net result for the year
-€83,175
Depreciation
+€92,511
Receivables within one year
+€4,417
Smaller working-capital items
+€334
Trade debts
+€29,689
Tax, wage and social debts
-€5,199
Investment (derived)
+€365,810
Investment in fixed assets (net)
-€39,190
Current investments
+€405,000
Cash 2025
€581,134
brings cash intakes cash out
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €2,112,258 | €2,053,970 | -€58,289 | -2.8% |
| Fixed assets | 21/28 | €1,513,534 | €1,460,213 | -€53,321 | -3.5% |
| Tangible fixed assets | 22/27 | €1,512,319 | €1,458,998 | -€53,321 | -3.5% |
| Land and buildings | 22 | €1,509,828 | €1,458,998 | -€50,830 | -3.4% |
| Furniture and vehicles | 24 | €2,491 | - | -€2,491 | |
| Financial fixed assets | 28 | €1,215 | €1,215 | = | 0.0% |
| Current assets | 29/58 | €598,725 | €593,756 | -€4,968 | -0.8% |
| Amounts receivable within one year | 40/41 | €15,226 | €10,809 | -€4,417 | -29.0% |
| Trade receivables | 40 | €3,195 | €2,972 | -€223 | -7.0% |
| Other amounts receivable | 41 | €12,031 | €7,837 | -€4,194 | -34.9% |
| Current investments | 50/53 | €405,000 | - | -€405,000 | |
| Cash at bank and in hand | 54/58 | €176,746 | €581,134 | +€404,387 | +229% |
| Deferred charges and accrued income | 490/1 | €1,752 | €1,814 | +€62 | +3.5% |
| Total equity and liabilities | 10/49 | €2,112,258 | €2,053,970 | -€58,289 | -2.8% |
| Equity | 10/15 | €2,096,340 | €2,013,165 | -€83,175 | -4.0% |
| Contributions | 10/11 | €100,000 | €100,000 | = | 0.0% |
| Capital | 10 | €100,000 | €100,000 | = | 0.0% |
| Issued capital | 100 | €100,000 | €100,000 | = | 0.0% |
| Reserves | 13 | €2,233,577 | €2,233,577 | = | 0.0% |
| Non-distributable reserves | 130/1 | €10,000 | €10,000 | = | 0.0% |
| Legal reserve | 130 | €10,000 | €10,000 | = | 0.0% |
| Tax-exempt reserves | 132 | €118,020 | €75,920 | -€42,100 | -35.7% |
| Distributable reserves | 133 | €2,105,557 | €2,147,657 | +€42,100 | +2.0% |
| Profit (loss) carried forward | 14 | -€237,237 | -€320,412 | -€83,175 | -35.1% |
| Amounts payable | 17/49 | €15,918 | €40,804 | +€24,886 | +156% |
| Amounts payable within one year | 42/48 | €15,918 | €40,804 | +€24,886 | +156% |
| Trade debts | 44 | €2,376 | €32,065 | +€29,689 | +1,250% |
| Suppliers | 440/4 | €2,376 | €32,065 | +€29,689 | +1,250% |
| Taxes, remuneration and social security | 45 | €5,199 | - | -€5,199 | |
| Taxes | 450/3 | €4,899 | - | -€4,899 | |
| Remuneration and social security | 454/9 | €300 | - | -€300 | |
| Other amounts payable | 47/48 | €8,344 | €8,740 | +€396 | +4.7% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €85,333 | €92,511 | +€7,178 | +8.4% |
| Other operating charges | 640/8 | €15,956 | €15,280 | -€676 | -4.2% |
| Non-recurring operating charges | 66A | €36 | - | -€36 | |
| Gross operating margin | 9900 | €36,683 | €10,337 | -€26,346 | -71.8% |
| Operating profit (loss) | 9901 | -€64,642 | -€97,454 | -€32,812 | -50.8% |
| Financial income | 75/76B | €7,844 | €15,964 | +€8,119 | +104% |
| Recurring financial income | 75 | €7,844 | €15,964 | +€8,119 | +104% |
| Financial charges | 65/66B | €1,677 | €1,684 | +€7 | +0.4% |
| Recurring financial charges | 65 | €1,677 | €1,684 | +€7 | +0.4% |
| Profit (loss) for the period before taxes | 9903 | -€58,475 | -€83,175 | -€24,700 | -42.2% |
| Income taxes | 67/77 | €10,129 | - | -€10,129 | |
| Profit (loss) for the period | 9904 | -€68,604 | -€83,175 | -€14,571 | -21.2% |
| Transfer from tax-exempt reserves | 789 | - | €42,100 | +€42,100 | |
| Transfer to tax-exempt reserves | 689 | - | €42,100 | +€42,100 | |
| Profit (loss) for the period to be appropriated | 9905 | -€68,604 | -€83,175 | -€14,571 | -21.2% |
Next steps
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Calculation and sources
Source: filed annual accounts (NBB), financial years ended 31 December 2024 and 31 December 2025. Green is a favourable move for that line, red an unfavourable one. Prepared on 2 November 2026 via checked.be.