Belgian Heroes: 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.
Belgian Heroes
Largest movements
- Cash -€1,837
down €1,837 (-15.2%), from €12,117 to €10,280
mainly Net result for the year (-€3,220)
- Profit (loss) carried forward -€3,220
down €3,220 (-0.2%), from -€2.1m to -€2.1m
- Trade debts +€1,340
up €1,340 (+3,885%), from €35 to €1,375
- Gross operating margin -€2,024
down €2,024 (-356%), from -€568 to -€2,591
- Financial charges +€162
up €162 (+34.8%), from €466 to €629
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 | €12,307 | €10,428 | -€1,880 | -15.3% |
| Current assets | 29/58 | €12,307 | €10,428 | -€1,880 | -15.3% |
| Amounts receivable within one year | 40/41 | €191 | €148 | -€43 | -22.6% |
| Other amounts receivable | 41 | €191 | €148 | -€43 | -22.6% |
| Cash at bank and in hand | 54/58 | €12,117 | €10,280 | -€1,837 | -15.2% |
| Total equity and liabilities | 10/49 | €12,307 | €10,428 | -€1,880 | -15.3% |
| Equity | 10/15 | €12,273 | €9,053 | -€3,220 | -26.2% |
| Contributions | 10/11 | €2,138,000 | €2,138,000 | = | 0.0% |
| Capital | 10 | €2,138,000 | €2,138,000 | = | 0.0% |
| Issued capital | 100 | €2,138,000 | €2,138,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€2,125,727 | -€2,128,947 | -€3,220 | -0.2% |
| Amounts payable | 17/49 | €35 | €1,375 | +€1,340 | +3,885% |
| Amounts payable within one year | 42/48 | €35 | €1,375 | +€1,340 | +3,885% |
| Trade debts | 44 | €35 | €1,375 | +€1,340 | +3,885% |
| Suppliers | 440/4 | €35 | €1,375 | +€1,340 | +3,885% |
| Gross operating margin | 9900 | -€568 | -€2,591 | -€2,024 | -356% |
| Operating profit (loss) | 9901 | -€568 | -€2,591 | -€2,024 | -356% |
| Financial charges | 65/66B | €466 | €629 | +€162 | +34.8% |
| Recurring financial charges | 65 | €466 | €629 | +€162 | +34.8% |
| Profit (loss) for the period before taxes | 9903 | -€1,034 | -€3,220 | -€2,186 | -211% |
| Profit (loss) for the period | 9904 | -€1,034 | -€3,220 | -€2,186 | -211% |
| Profit (loss) for the period to be appropriated | 9905 | -€1,034 | -€3,220 | -€2,186 | -211% |
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.