HEYTEC: 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.
What changed
HEYTEC
NACE 46.647, Wholesale trade
fiscal year 2024 against 2025filed annual accounts (NBB)
Net result for the year
€3.3m
2024 · €3.5m-€147,217
Equity
€7.1m
2024 · €8.0m-€987,642
Cash
€96,637
2024 · €188,466-€91,829
Balance sheet total
€16.4m
2024 · €17.7m-€1.3m
Largest movements
Assets
- Receivables within one year -€1.2m
down €1.2m (-17.9%), from €6.9m to €5.7m
of which Trade receivables: -€1.2m
- Tangible fixed assets -€250,916
down €250,916 (-14.6%), from €1.7m to €1.5m
of which Furniture and vehicles: -€166,140
Equity and liabilities
- Reserves -€987,642
down €987,642 (-19.3%), from €5.1m to €4.1m
of which Distributable reserves: -€987,642
- Tax, wage and social debts -€264,195
down €264,195 (-16.1%), from €1.6m to €1.4m
of which Remuneration and social security: -€171,577
Income statement
- Goods and materials +€1.2m
up €1.2m (+4.0%), from €30.4m to €31.6m
of which Purchases: +€1.3m
- Turnover +€674,424
up €674,424 (+1.5%), from €45.0m to €45.7m
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.
Result 2024
€3.5m
Turnover
+€674,424
Other operating income
-€102,605
Goods and materials
-€1.2m
Services and other goods
-€272,179
Staff costs
+€130,195
Depreciation
-€28,065
Write-downs
-€287,695
Other operating charges
-€5,807
Other operating items
+€855,769
Financial income
+€14,186
Financial charges
+€42,975
Taxes
+€48,844
Result 2025
€3.3m
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.
From operations
+€4.8m
Investment
-€427,126
Financing
-€4.4m
Cash 2024
€188,466
From operations (derived)
+€4.8m
Net result for the year
+€3.3m
Depreciation
+€505,959
Stocks and contracts
-€86,502
Receivables within one year
+€1.2m
Smaller working-capital items
-€3,728
Trade debts
+€64,086
Tax, wage and social debts
-€264,195
Investment (derived)
-€427,126
Investment in fixed assets (net)
-€427,126
Financing
-€4.4m
Debts after one year
+€30,643
Current portion of long-term debt
+€6,385
Short-term financial debts
-€164,135
Contributions, distributions and other
-€4.3m
Cash 2025
€96,637
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €17,671,890 | €16,361,226 | -€1.3m | -7.4% |
| Fixed assets | 21/28 | €1,997,235 | €1,918,402 | -€78,834 | -3.9% |
| Intangible fixed assets | 21 | €159,701 | €327,148 | +€167,447 | +104.9% |
| Tangible fixed assets | 22/27 | €1,720,515 | €1,469,599 | -€250,916 | -14.6% |
| Plant, machinery and equipment | 23 | €621,316 | €522,986 | -€98,330 | -15.8% |
| Furniture and vehicles | 24 | €1,034,691 | €868,551 | -€166,140 | -16.1% |
| Leasing and similar rights | 25 | €64,508 | €78,062 | +€13,554 | +21.0% |
| Financial fixed assets | 28 | €117,020 | €121,655 | +€4,635 | +4.0% |
| Other financial fixed assets | 284/8 | €117,020 | €121,655 | +€4,635 | +4.0% |
| Amounts receivable and cash guarantees | 285/8 | €117,020 | €121,655 | +€4,635 | +4.0% |
| Current assets | 29/58 | €15,674,655 | €14,442,825 | -€1.2m | -7.9% |
| Stocks and contracts in progress | 3 | €8,530,753 | €8,617,255 | +€86,502 | +1.0% |
| Stocks | 30/36 | €8,530,753 | €8,617,255 | +€86,502 | +1.0% |
| Goods purchased for resale | 34 | €8,530,753 | €8,617,255 | +€86,502 | +1.0% |
| Amounts receivable within one year | 40/41 | €6,886,771 | €5,652,346 | -€1.2m | -17.9% |
| Trade receivables | 40 | €6,885,530 | €5,649,911 | -€1.2m | -17.9% |
| Other amounts receivable | 41 | €1,241 | €2,436 | +€1,195 | +96.3% |
| Cash at bank and in hand | 54/58 | €188,466 | €96,637 | -€91,829 | -48.7% |
| Deferred charges and accrued income | 490/1 | €68,665 | €76,586 | +€7,922 | +11.5% |
| Total equity and liabilities | 10/49 | €17,671,890 | €16,361,226 | -€1.3m | -7.4% |
| Equity | 10/15 | €8,046,896 | €7,059,254 | -€987,642 | -12.3% |
| Contributions | 10/11 | €2,925,421 | €2,925,421 | = | 0.0% |
| Capital | 10 | €2,925,379 | €2,925,379 | = | 0.0% |
| Issued capital | 100 | €2,925,379 | €2,925,379 | = | 0.0% |
| Outside capital | 11 | €42 | €42 | = | 0.0% |
| Share premium | 1100/10 | €42 | €42 | = | 0.0% |
| Reserves | 13 | €5,121,475 | €4,133,833 | -€987,642 | -19.3% |
| Non-distributable reserves | 130/1 | €304,484 | €304,484 | = | 0.0% |
| Legal reserve | 130 | €292,538 | €292,538 | = | 0.0% |
| Other | 1319 | €11,946 | €11,946 | = | 0.0% |
| Distributable reserves | 133 | €4,816,991 | €3,829,349 | -€987,642 | -20.5% |
| Amounts payable | 17/49 | €9,624,994 | €9,301,972 | -€323,022 | -3.4% |
| Amounts payable after more than one year | 17 | - | €30,643 | +€30,643 | |
| Financial debts | 170/4 | - | €30,643 | +€30,643 | |
| Leasing and similar obligations | 172 | - | €30,643 | +€30,643 | |
| Amounts payable within one year | 42/48 | €9,422,091 | €9,064,232 | -€357,859 | -3.8% |
| Current portion of amounts payable after more than one year | 42 | - | €6,385 | +€6,385 | |
| Financial debts | 43 | €5,335,000 | €5,170,865 | -€164,135 | -3.1% |
| Credit institutions | 430/8 | €5,335,000 | €5,170,865 | -€164,135 | -3.1% |
| Trade debts | 44 | €2,443,570 | €2,507,656 | +€64,086 | +2.6% |
| Suppliers | 440/4 | €2,443,570 | €2,507,656 | +€64,086 | +2.6% |
| Taxes, remuneration and social security | 45 | €1,643,521 | €1,379,326 | -€264,195 | -16.1% |
| Taxes | 450/3 | €748,115 | €655,497 | -€92,618 | -12.4% |
| Remuneration and social security | 454/9 | €895,406 | €723,829 | -€171,577 | -19.2% |
| Accrued charges and deferred income | 492/3 | €202,904 | €207,097 | +€4,193 | +2.1% |
| Operating income | 70/76A | €45,362,579 | €45,934,398 | +€571,819 | +1.3% |
| Turnover | 70 | €44,990,536 | €45,664,960 | +€674,424 | +1.5% |
| Other operating income | 74 | €372,043 | €269,438 | -€102,605 | -27.6% |
| Operating charges | 60/66A | €40,403,886 | €41,228,928 | +€825,042 | +2.0% |
| Goods for resale, raw materials and consumables | 60 | €30,351,919 | €31,569,177 | +€1.2m | +4.0% |
| Purchases | 600/8 | €30,285,305 | €31,568,733 | +€1.3m | +4.2% |
| Change in stocks: decrease (increase) | 609 | €66,613 | €444 | -€66,170 | -99.3% |
| Services and other goods | 61 | €3,320,086 | €3,592,265 | +€272,179 | +8.2% |
| Remuneration, social security and pensions | 62 | €5,636,237 | €5,506,042 | -€130,195 | -2.3% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €477,894 | €505,959 | +€28,065 | +5.9% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | -€360,410 | -€72,715 | +€287,695 | +79.8% |
| Other operating charges | 640/8 | €122,392 | €128,199 | +€5,807 | +4.7% |
| Non-recurring operating charges | 66A | €855,769 | - | -€855,769 | |
| Operating profit (loss) | 9901 | €4,958,692 | €4,705,470 | -€253,223 | -5.1% |
| Financial income | 75/76B | €6,909 | €21,096 | +€14,186 | +205.3% |
| Recurring financial income | 75 | €6,909 | €21,096 | +€14,186 | +205.3% |
| Income from current assets | 751 | €86 | €199 | +€113 | +132.1% |
| Other financial income | 752/9 | €6,824 | €20,897 | +€14,073 | +206.2% |
| Financial charges | 65/66B | €284,054 | €241,078 | -€42,975 | -15.1% |
| Recurring financial charges | 65 | €284,054 | €241,078 | -€42,975 | -15.1% |
| Debt charges | 650 | €203,674 | €151,525 | -€52,149 | -25.6% |
| Other financial charges | 652/9 | €80,380 | €89,553 | +€9,173 | +11.4% |
| Profit (loss) for the period before taxes | 9903 | €4,681,548 | €4,485,487 | -€196,061 | -4.2% |
| Income taxes | 67/77 | €1,218,373 | €1,169,529 | -€48,844 | -4.0% |
| Taxes | 670/3 | €1,218,373 | €1,169,529 | -€48,844 | -4.0% |
| Profit (loss) for the period | 9904 | €3,463,175 | €3,315,958 | -€147,217 | -4.3% |
| Profit (loss) for the period to be appropriated | 9905 | €3,463,175 | €3,315,958 | -€147,217 | -4.3% |
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 2 October 2026 via checked.be.