DE HEIDE - MINNE: 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 - MINNE
Largest movements
- Cash +€59,591
up €59,591 (+16.4%), from €362,277 to €421,868
mainly Net result for the year (+€44,287) and Debts after one year (+€18,830)
- Reserves +€44,287
up €44,287 (+9.2%), from €480,100 to €524,386
of which Distributable reserves: +€44,287
- Debts after one year +€18,830
up €18,830 (+4.9%), from €383,590 to €402,420
- Financial charges +€24,634
up €24,634 (+706%), from €3,492 to €28,126
- Gross operating margin -€14,217
down €14,217 (-10.4%), from €136,366 to €122,149
- Taxes -€11,044
down €11,044 (-39.4%), from €28,032 to €16,988
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 | €948,353 | €1,009,809 | +€61,456 | +6.5% |
| Fixed assets | 21/28 | €124,798 | €119,780 | -€5,018 | -4.0% |
| Tangible fixed assets | 22/27 | €124,733 | €119,716 | -€5,018 | -4.0% |
| Land and buildings | 22 | €86,286 | €86,286 | = | 0.0% |
| Plant, machinery and equipment | 23 | €26,568 | €24,682 | -€1,886 | -7.1% |
| Furniture and vehicles | 24 | €11,879 | €8,748 | -€3,131 | -26.4% |
| Financial fixed assets | 28 | €65 | €65 | = | 0.0% |
| Current assets | 29/58 | €823,555 | €890,029 | +€66,474 | +8.1% |
| Stocks and contracts in progress | 3 | €250 | €250 | = | 0.0% |
| Stocks | 30/36 | €250 | €250 | = | 0.0% |
| Amounts receivable within one year | 40/41 | €1,877 | €9,369 | +€7,492 | +399% |
| Trade receivables | 40 | €87 | - | -€87 | |
| Other amounts receivable | 41 | €1,789 | €9,369 | +€7,579 | +424% |
| Current investments | 50/53 | €459,117 | €458,117 | -€1,000 | -0.2% |
| Cash at bank and in hand | 54/58 | €362,277 | €421,868 | +€59,591 | +16.4% |
| Deferred charges and accrued income | 490/1 | €35 | €425 | +€390 | +1,114% |
| Total equity and liabilities | 10/49 | €948,353 | €1,009,809 | +€61,456 | +6.5% |
| Equity | 10/15 | €510,100 | €554,386 | +€44,287 | +8.7% |
| Contributions | 10/11 | €30,000 | €30,000 | = | 0.0% |
| Reserves | 13 | €480,100 | €524,386 | +€44,287 | +9.2% |
| Tax-exempt reserves | 132 | €7,000 | €7,000 | = | 0.0% |
| Distributable reserves | 133 | €473,100 | €517,386 | +€44,287 | +9.4% |
| Amounts payable | 17/49 | €438,254 | €455,423 | +€17,169 | +3.9% |
| Amounts payable after more than one year | 17 | €383,590 | €402,420 | +€18,830 | +4.9% |
| Other amounts payable | 178/9 | €383,590 | €402,420 | +€18,830 | +4.9% |
| Amounts payable within one year | 42/48 | €23,900 | €22,319 | -€1,581 | -6.6% |
| Trade debts | 44 | €9,618 | €9,820 | +€202 | +2.1% |
| Suppliers | 440/4 | €9,618 | €9,820 | +€202 | +2.1% |
| Taxes, remuneration and social security | 45 | €14,282 | €12,499 | -€1,783 | -12.5% |
| Taxes | 450/3 | €8,208 | €12,499 | +€4,291 | +52.3% |
| Remuneration and social security | 454/9 | €6,074 | - | -€6,074 | |
| Accrued charges and deferred income | 492/3 | €30,764 | €30,684 | -€80 | -0.3% |
| Non-recurring operating income | 76A | €100 | - | -€100 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €10,193 | €10,518 | +€325 | +3.2% |
| Other operating charges | 640/8 | €26,647 | €27,473 | +€826 | +3.1% |
| Gross operating margin | 9900 | €136,366 | €122,149 | -€14,217 | -10.4% |
| Operating profit (loss) | 9901 | €99,526 | €84,158 | -€15,367 | -15.4% |
| Financial income | 75/76B | €5,079 | €5,242 | +€163 | +3.2% |
| Recurring financial income | 75 | €5,079 | €5,242 | +€163 | +3.2% |
| Financial charges | 65/66B | €3,492 | €28,126 | +€24,634 | +706% |
| Recurring financial charges | 65 | €3,492 | €28,126 | +€24,634 | +706% |
| Profit (loss) for the period before taxes | 9903 | €101,113 | €61,274 | -€39,838 | -39.4% |
| Income taxes | 67/77 | €28,032 | €16,988 | -€11,044 | -39.4% |
| Profit (loss) for the period | 9904 | €73,081 | €44,287 | -€28,794 | -39.4% |
| Profit (loss) for the period to be appropriated | 9905 | €73,081 | €44,287 | -€28,794 | -39.4% |
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 28 October 2026 via checked.be.