HIEL CONTRACTING: 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.
HIEL CONTRACTING
Largest movements
- Cash +€74,741
up €74,741 (+15.0%), from €499,800 to €574,541
mainly Net result for the year (+€63,808) and Other debts (+€38,184)
- Tangible fixed assets -€33,636
down €33,636 (-23.3%), from €144,652 to €111,016
of which Land and buildings: -€22,333
- Stocks and contracts +€16,295
up €16,295 (+79.8%), from €20,412 to €36,707
- Other debts +€38,184
up €38,184 (+28.1%), from €135,817 to €174,000
- Reserves +€34,430
up €34,430 (+8.6%), from €400,405 to €434,835
of which Distributable reserves: +€34,430
- Debts after one year -€15,000
down €15,000 (-18.8%), from €80,000 to €65,000
- Accrued charges and deferred income -€7,316
down €7,316 (-40.5%), from €18,046 to €10,731
- Gross operating margin +€20,459
up €20,459 (+19.0%), from €107,847 to €128,306
- Taxes -€2,069
down €2,069 (-8.2%), from €25,096 to €23,027
- Financial income -€2,038
down €2,038 (-20.8%), from €9,818 to €7,780
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 | €674,828 | €729,037 | +€54,209 | +8.0% |
| Fixed assets | 21/28 | €145,192 | €111,056 | -€34,136 | -23.5% |
| Tangible fixed assets | 22/27 | €144,652 | €111,016 | -€33,636 | -23.3% |
| Land and buildings | 22 | €107,434 | €85,101 | -€22,333 | -20.8% |
| Plant, machinery and equipment | 23 | €8,498 | €5,938 | -€2,560 | -30.1% |
| Furniture and vehicles | 24 | €28,720 | €19,977 | -€8,743 | -30.4% |
| Financial fixed assets | 28 | €540 | €40 | -€500 | -92.6% |
| Current assets | 29/58 | €529,635 | €617,980 | +€88,345 | +16.7% |
| Stocks and contracts in progress | 3 | €20,412 | €36,707 | +€16,295 | +79.8% |
| Stocks | 30/36 | €20,412 | €36,707 | +€16,295 | +79.8% |
| Amounts receivable within one year | 40/41 | €9,423 | €6,733 | -€2,691 | -28.6% |
| Trade receivables | 40 | €3,113 | €4,275 | +€1,163 | +37.3% |
| Other amounts receivable | 41 | €6,311 | €2,458 | -€3,853 | -61.1% |
| Cash at bank and in hand | 54/58 | €499,800 | €574,541 | +€74,741 | +15.0% |
| Total equity and liabilities | 10/49 | €674,828 | €729,037 | +€54,209 | +8.0% |
| Equity | 10/15 | €415,444 | €449,052 | +€33,608 | +8.1% |
| Contributions | 10/11 | €12,400 | €12,400 | = | 0.0% |
| Reserves | 13 | €400,405 | €434,835 | +€34,430 | +8.6% |
| Non-distributable reserves | 130/1 | €1,860 | €1,860 | = | 0.0% |
| Reserves not available under the articles | 1311 | €1,860 | €1,860 | = | 0.0% |
| Tax-exempt reserves | 132 | €37 | €37 | = | 0.0% |
| Distributable reserves | 133 | €398,508 | €432,938 | +€34,430 | +8.6% |
| Profit (loss) carried forward | 14 | €2,639 | €1,817 | -€822 | -31.2% |
| Amounts payable | 17/49 | €259,384 | €279,985 | +€20,601 | +7.9% |
| Amounts payable after more than one year | 17 | €80,000 | €65,000 | -€15,000 | -18.8% |
| Financial debts | 170/4 | €80,000 | €65,000 | -€15,000 | -18.8% |
| Amounts payable within one year | 42/48 | €161,337 | €204,254 | +€42,917 | +26.6% |
| Current portion of amounts payable after more than one year | 42 | €15,000 | €15,000 | = | 0.0% |
| Trade debts | 44 | €1,395 | €161 | -€1,234 | -88.5% |
| Suppliers | 440/4 | €1,395 | €161 | -€1,234 | -88.5% |
| Taxes, remuneration and social security | 45 | €9,126 | €15,093 | +€5,967 | +65.4% |
| Taxes | 450/3 | €9,126 | €13,893 | +€4,767 | +52.2% |
| Remuneration and social security | 454/9 | - | €1,200 | +€1,200 | |
| Other amounts payable | 47/48 | €135,817 | €174,000 | +€38,184 | +28.1% |
| Accrued charges and deferred income | 492/3 | €18,046 | €10,731 | -€7,316 | -40.5% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €33,636 | €33,636 | = | 0.0% |
| Other operating charges | 640/8 | €3,195 | €3,070 | -€126 | -3.9% |
| Gross operating margin | 9900 | €107,847 | €128,306 | +€20,459 | +19.0% |
| Operating profit (loss) | 9901 | €71,016 | €91,601 | +€20,585 | +29.0% |
| Financial income | 75/76B | €9,818 | €7,780 | -€2,038 | -20.8% |
| Recurring financial income | 75 | €9,818 | €7,780 | -€2,038 | -20.8% |
| Financial charges | 65/66B | €12,008 | €12,546 | +€538 | +4.5% |
| Recurring financial charges | 65 | €12,008 | €12,546 | +€538 | +4.5% |
| Profit (loss) for the period before taxes | 9903 | €68,826 | €86,835 | +€18,009 | +26.2% |
| Income taxes | 67/77 | €25,096 | €23,027 | -€2,069 | -8.2% |
| Profit (loss) for the period | 9904 | €43,730 | €63,808 | +€20,078 | +45.9% |
| Profit (loss) for the period to be appropriated | 9905 | €43,730 | €63,808 | +€20,078 | +45.9% |
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 19 October 2026 via checked.be.