HILDE VAN HECKE: 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.
HILDE VAN HECKE
Largest movements
- Intangible fixed assets -€39,978
down €39,978 (-25.6%), from €155,970 to €115,992
- Tangible fixed assets +€23,916
up €23,916 (+5.6%), from €426,760 to €450,676
of which Furniture and vehicles: +€41,448
- Receivables within one year -€15,799
down €15,799 (-25.2%), from €62,693 to €46,894
of which Other amounts receivable: -€14,700
- Cash -€12,067
down €12,067 (-10.3%), from €116,696 to €104,630
mainly Debts after one year (-€78,727) and Investment in fixed assets (net) (-€65,953)
- Current investments +€8,065
up €8,065 (+41.3%), from €19,505 to €27,570
- Debts after one year -€78,727
down €78,727 (-21.0%), from €374,748 to €296,021
- Reserves +€37,000
up €37,000 (+14.2%), from €260,000 to €297,000
of which Distributable reserves: +€37,000
- Tax, wage and social debts -€25,427
down €25,427 (-44.9%), from €56,682 to €31,255
of which Taxes: -€15,916
- Other debts +€16,349
up €16,349 (+7,313%), from €224 to €16,573
- Current portion of long-term debt +€10,143
up €10,143 (+14.5%), from €70,062 to €80,205
- Staff costs +€34,529
up €34,529 (+18.1%), from €190,624 to €225,152
- Taxes -€14,975
down €14,975 (-41.6%), from €35,998 to €21,024
- Depreciation +€12,916
up €12,916 (+18.7%), from €69,099 to €82,015
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 | €785,143 | €751,616 | -€33,527 | -4.3% |
| Fixed assets | 21/28 | €582,730 | €566,667 | -€16,062 | -2.8% |
| Intangible fixed assets | 21 | €155,970 | €115,992 | -€39,978 | -25.6% |
| Tangible fixed assets | 22/27 | €426,760 | €450,676 | +€23,916 | +5.6% |
| Land and buildings | 22 | €382,096 | €367,674 | -€14,422 | -3.8% |
| Plant, machinery and equipment | 23 | €9,072 | €7,343 | -€1,729 | -19.1% |
| Furniture and vehicles | 24 | €24,380 | €65,829 | +€41,448 | +170% |
| Other tangible fixed assets | 26 | €11,211 | €9,829 | -€1,381 | -12.3% |
| Current assets | 29/58 | €202,413 | €184,948 | -€17,465 | -8.6% |
| Amounts receivable within one year | 40/41 | €62,693 | €46,894 | -€15,799 | -25.2% |
| Trade receivables | 40 | €38,608 | €37,509 | -€1,099 | -2.8% |
| Other amounts receivable | 41 | €24,085 | €9,385 | -€14,700 | -61.0% |
| Current investments | 50/53 | €19,505 | €27,570 | +€8,065 | +41.3% |
| Cash at bank and in hand | 54/58 | €116,696 | €104,630 | -€12,067 | -10.3% |
| Deferred charges and accrued income | 490/1 | €3,519 | €5,855 | +€2,336 | +66.4% |
| Total equity and liabilities | 10/49 | €785,143 | €751,616 | -€33,527 | -4.3% |
| Equity | 10/15 | €278,808 | €316,478 | +€37,669 | +13.5% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €260,000 | €297,000 | +€37,000 | +14.2% |
| Tax-exempt reserves | 132 | €87 | €87 | = | 0.0% |
| Distributable reserves | 133 | €259,913 | €296,913 | +€37,000 | +14.2% |
| Profit (loss) carried forward | 14 | €208 | €878 | +€669 | +321% |
| Amounts payable | 17/49 | €506,335 | €435,138 | -€71,197 | -14.1% |
| Amounts payable after more than one year | 17 | €374,748 | €296,021 | -€78,727 | -21.0% |
| Financial debts | 170/4 | €374,748 | €296,021 | -€78,727 | -21.0% |
| Amounts payable within one year | 42/48 | €131,586 | €139,117 | +€7,530 | +5.7% |
| Current portion of amounts payable after more than one year | 42 | €70,062 | €80,205 | +€10,143 | +14.5% |
| Financial debts | 43 | €0 | - | -€0 | |
| Credit institutions | 430/8 | €0 | - | -€0 | |
| Trade debts | 44 | €4,619 | €11,084 | +€6,465 | +140% |
| Suppliers | 440/4 | €4,619 | €11,084 | +€6,465 | +140% |
| Taxes, remuneration and social security | 45 | €56,682 | €31,255 | -€25,427 | -44.9% |
| Taxes | 450/3 | €23,645 | €7,729 | -€15,916 | -67.3% |
| Remuneration and social security | 454/9 | €33,037 | €23,526 | -€9,511 | -28.8% |
| Other amounts payable | 47/48 | €224 | €16,573 | +€16,349 | +7,313% |
| Non-recurring operating income | 76A | - | €15,750 | +€15,750 | |
| Remuneration, social security and pensions | 62 | €190,624 | €225,152 | +€34,529 | +18.1% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €69,099 | €82,015 | +€12,916 | +18.7% |
| Other operating charges | 640/8 | €1,087 | €455 | -€632 | -58.1% |
| Non-recurring operating charges | 66A | €504 | €121 | -€383 | -75.9% |
| Gross operating margin | 9900 | €409,986 | €410,547 | +€561 | +0.1% |
| Operating profit (loss) | 9901 | €148,671 | €102,802 | -€45,869 | -30.9% |
| Financial income | 75/76B | €2,115 | €1,719 | -€397 | -18.8% |
| Recurring financial income | 75 | €2,115 | €1,719 | -€397 | -18.8% |
| Financial charges | 65/66B | €7,207 | €6,828 | -€379 | -5.3% |
| Recurring financial charges | 65 | €7,207 | €6,828 | -€379 | -5.3% |
| Profit (loss) for the period before taxes | 9903 | €143,580 | €97,693 | -€45,887 | -32.0% |
| Income taxes | 67/77 | €35,998 | €21,024 | -€14,975 | -41.6% |
| Profit (loss) for the period | 9904 | €107,582 | €76,669 | -€30,913 | -28.7% |
| Profit (loss) for the period to be appropriated | 9905 | €107,582 | €76,669 | -€30,913 | -28.7% |
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 24 October 2026 via checked.be.