De Heide: 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.
De Heide
Largest movements
- Current investments +€110,000
up €110,000 (+37.0%), from €297,000 to €407,000
- Tangible fixed assets -€106,660
down €106,660 (-26.6%), from €401,334 to €294,674
of which Land and buildings: -€90,424
- Receivables within one year -€9,702
down €9,702 (-43.9%), from €22,108 to €12,406
of which Other amounts receivable: -€9,702
- Cash +€9,618
up €9,618 (+43.2%), from €22,278 to €31,896
mainly Net result for the year (+€126,132) and Depreciation (+€108,692)
No liability line moved by more than 1% of the balance sheet total.
- Gross operating margin +€14,643
up €14,643 (+5.4%), from €273,060 to €287,703
- Taxes +€6,083
up €6,083 (+12.2%), from €49,968 to €56,051
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.
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.
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €745,227 | €748,132 | +€2,905 | +0.4% |
| Fixed assets | 21/28 | €401,334 | €294,674 | -€106,660 | -26.6% |
| Tangible fixed assets | 22/27 | €401,334 | €294,674 | -€106,660 | -26.6% |
| Land and buildings | 22 | €327,875 | €237,451 | -€90,424 | -27.6% |
| Plant, machinery and equipment | 23 | €8,005 | €7,782 | -€224 | -2.8% |
| Furniture and vehicles | 24 | €65,454 | €49,441 | -€16,013 | -24.5% |
| Current assets | 29/58 | €343,893 | €453,458 | +€109,565 | +31.9% |
| Amounts receivable within one year | 40/41 | €22,108 | €12,406 | -€9,702 | -43.9% |
| Trade receivables | 40 | €0 | €0 | +€0 | |
| Other amounts receivable | 41 | €22,108 | €12,406 | -€9,702 | -43.9% |
| Current investments | 50/53 | €297,000 | €407,000 | +€110,000 | +37.0% |
| Cash at bank and in hand | 54/58 | €22,278 | €31,896 | +€9,618 | +43.2% |
| Deferred charges and accrued income | 490/1 | €2,508 | €2,156 | -€352 | -14.0% |
| Total equity and liabilities | 10/49 | €745,227 | €748,132 | +€2,905 | +0.4% |
| Equity | 10/15 | €735,719 | €741,850 | +€6,132 | +0.8% |
| Contributions | 10/11 | €2,500 | €2,500 | = | 0.0% |
| Reserves | 13 | €728,427 | €734,559 | +€6,132 | +0.8% |
| Tax-exempt reserves | 132 | €383 | €383 | = | 0.0% |
| Distributable reserves | 133 | €728,044 | €734,176 | +€6,132 | +0.8% |
| Profit (loss) carried forward | 14 | €4,792 | €4,792 | = | 0.0% |
| Amounts payable | 17/49 | €9,509 | €6,282 | -€3,227 | -33.9% |
| Amounts payable after more than one year | 17 | €0 | - | = | |
| Financial debts | 170/4 | €0 | - | = | |
| Amounts payable within one year | 42/48 | €9,509 | €6,282 | -€3,227 | -33.9% |
| Financial debts | 43 | €3 | €3 | = | 0.0% |
| Credit institutions | 430/8 | €3 | €3 | = | 0.0% |
| Trade debts | 44 | €1,583 | €799 | -€783 | -49.5% |
| Suppliers | 440/4 | €1,583 | €799 | -€783 | -49.5% |
| Taxes, remuneration and social security | 45 | €7,923 | €5,480 | -€2,443 | -30.8% |
| Taxes | 450/3 | €5,327 | €5,480 | +€152 | +2.9% |
| Remuneration and social security | 454/9 | €2,595 | €0 | -€2,595 | -100.0% |
| Other amounts payable | 47/48 | €0 | - | = | |
| Accrued charges and deferred income | 492/3 | €0 | - | = | |
| Non-recurring operating income | 76A | €0 | - | = | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €106,549 | €108,692 | +€2,143 | +2.0% |
| Other operating charges | 640/8 | €4,713 | €4,896 | +€183 | +3.9% |
| Gross operating margin | 9900 | €273,060 | €287,703 | +€14,643 | +5.4% |
| Operating profit (loss) | 9901 | €161,798 | €174,116 | +€12,318 | +7.6% |
| Financial income | 75/76B | €6,907 | €9,140 | +€2,233 | +32.3% |
| Recurring financial income | 75 | €6,907 | €9,140 | +€2,233 | +32.3% |
| Financial charges | 65/66B | €1,277 | €1,074 | -€203 | -15.9% |
| Recurring financial charges | 65 | €1,277 | €1,074 | -€203 | -15.9% |
| Profit (loss) for the period before taxes | 9903 | €167,428 | €182,183 | +€14,754 | +8.8% |
| Income taxes | 67/77 | €49,968 | €56,051 | +€6,083 | +12.2% |
| Profit (loss) for the period | 9904 | €117,460 | €126,132 | +€8,671 | +7.4% |
| Profit (loss) for the period to be appropriated | 9905 | €117,460 | €126,132 | +€8,671 | +7.4% |
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 11 October 2026 via checked.be.