TOP HEKWERKEN: 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.
TOP HEKWERKEN
Largest movements
- Stocks and contracts +€2,550
new in 2025: €2,550
- Intangible fixed assets -€1,521
down €1,521 (-29.2%), from €5,213 to €3,692
- Cash +€347
up €347 (+24.6%), from €1,412 to €1,758
mainly Depreciation (+€1,698) and Tax, wage and social debts (+€1,031)
- Tax, wage and social debts +€1,031
up €1,031 (+31.6%), from €3,260 to €4,291
- Reserves +€986
up €986 (+17.6%), from €5,617 to €6,604
- Trade debts -€948
down €948 (-25.0%), from €3,794 to €2,846
- Gross operating margin -€5,708
down €5,708 (-55.5%), from €10,282 to €4,574
- Taxes -€1,559
down €1,559 (-65.3%), from €2,388 to €830
- Other operating charges +€888
new in 2025: €888
- Depreciation -€519
down €519 (-23.4%), from €2,217 to €1,698
- Financial charges +€156
up €156 (+952%), from €16 to €172
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 | €17,671 | €18,831 | +€1,159 | +6.6% |
| Fixed assets | 21/28 | €6,051 | €4,354 | -€1,698 | -28.1% |
| Intangible fixed assets | 21 | €5,213 | €3,692 | -€1,521 | -29.2% |
| Tangible fixed assets | 22/27 | €838 | €661 | -€177 | -21.1% |
| Furniture and vehicles | 24 | €838 | €661 | -€177 | -21.1% |
| Current assets | 29/58 | €11,620 | €14,477 | +€2,857 | +24.6% |
| Stocks and contracts in progress | 3 | - | €2,550 | +€2,550 | |
| Contracts in progress | 37 | - | €2,550 | +€2,550 | |
| Amounts receivable within one year | 40/41 | €10,209 | €10,041 | -€168 | -1.6% |
| Trade receivables | 40 | €8,576 | €0 | -€8,576 | -100% |
| Other amounts receivable | 41 | €1,632 | €10,041 | +€8,409 | +515% |
| Cash at bank and in hand | 54/58 | €1,412 | €1,758 | +€347 | +24.6% |
| Deferred charges and accrued income | 490/1 | - | €128 | +€128 | |
| Total equity and liabilities | 10/49 | €17,671 | €18,831 | +€1,159 | +6.6% |
| Equity | 10/15 | €10,617 | €11,604 | +€986 | +9.3% |
| Contributions | 10/11 | €5,000 | €5,000 | = | 0.0% |
| Reserves | 13 | €5,617 | €6,604 | +€986 | +17.6% |
| Distributable reserves | 133 | €5,617 | €6,604 | +€986 | +17.6% |
| Amounts payable | 17/49 | €7,054 | €7,227 | +€173 | +2.4% |
| Amounts payable within one year | 42/48 | €7,054 | €7,227 | +€173 | +2.4% |
| Trade debts | 44 | €3,794 | €2,846 | -€948 | -25.0% |
| Suppliers | 440/4 | €3,794 | €2,846 | -€948 | -25.0% |
| Taxes, remuneration and social security | 45 | €3,260 | €4,291 | +€1,031 | +31.6% |
| Taxes | 450/3 | €3,260 | €4,291 | +€1,031 | +31.6% |
| Other amounts payable | 47/48 | - | €90 | +€90 | |
| Remuneration, social security and pensions | 62 | €50 | €0 | -€50 | -100% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €2,217 | €1,698 | -€519 | -23.4% |
| Other operating charges | 640/8 | - | €888 | +€888 | |
| Gross operating margin | 9900 | €10,282 | €4,574 | -€5,708 | -55.5% |
| Operating profit (loss) | 9901 | €8,015 | €1,988 | -€6,027 | -75.2% |
| Financial income | 75/76B | €7 | €0 | -€7 | -100% |
| Recurring financial income | 75 | €7 | €0 | -€7 | -100% |
| Financial charges | 65/66B | €16 | €172 | +€156 | +952% |
| Recurring financial charges | 65 | €16 | €172 | +€156 | +952% |
| Profit (loss) for the period before taxes | 9903 | €8,006 | €1,816 | -€6,189 | -77.3% |
| Income taxes | 67/77 | €2,388 | €830 | -€1,559 | -65.3% |
| Profit (loss) for the period | 9904 | €5,617 | €986 | -€4,631 | -82.4% |
| Profit (loss) for the period to be appropriated | 9905 | €5,617 | €986 | -€4,631 | -82.4% |
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 29 October 2026 via checked.be.