Dr. An Heymans: what changed
What changed
Dr. An Heymans
filed annual accounts (NBB)
Net result for the year
€123,795
2024 · €12,684+€111,111
Equity
€243,708
2024 · €254,150-€10,441
Cash
€44,628
2024 · €42,209+€2,419
Balance sheet total
€322,550
2024 · €507,747-€185,196
Largest movements
Assets
- Tangible fixed assets -€278,054
down €278,054 (-92.6%), from €300,193 to €22,139
of which Land and buildings: -€287,254
- Receivables after one year +€169,563
up €169,563 (+222%), from €76,437 to €246,000
of which Trade receivables: +€169,563
- Receivables within one year -€88,428
down €88,428 (-99.5%), from €88,908 to €480
of which Other amounts receivable: -€88,908
- Deferred charges and accrued income +€9,304
up €9,304, from €0 to €9,304
Equity and liabilities
- Debts after one year -€150,701
down €150,701 (-100%), from €150,701 to €0
- Short-term financial debts +€50,000
new in 2025: €50,000
- Current portion of long-term debt -€27,686
down €27,686 (-100%), from €27,686 to €0
- Other debts -€26,282
down €26,282 (-99.9%), from €26,316 to €34
- Tax, wage and social debts -€15,663
down €15,663 (-39.3%), from €39,817 to €24,154
Income statement
- Gross operating margin +€143,066
up €143,066 (+266%), from €53,770 to €196,836
- Taxes +€51,215
up €51,215 (+418%), from €12,239 to €63,454
- Depreciation -€15,378
down €15,378 (-79.7%), from €19,284 to €3,906
- Financial income +€7,889
up €7,889 (+7,033%), from €112 to €8,001
- Financial charges +€4,806
up €4,806 (+63.8%), from €7,538 to €12,343
Change in the result, 2024 to 2025
For each income-statement line you see the change as its effect on the result. Higher costs lower the result, higher income raises it.
Result 2024
€12,684
Gross operating margin
+€143,066
Staff costs
+€223
Depreciation
+€15,378
Other operating charges
+€1,212
Other operating items
-€637
Financial income
+€7,889
Financial charges
-€4,806
Taxes
-€51,215
Result 2025
€123,795
raises the resultlowers the resultnot broken down further in the accounts
Derived cash bridge
The bridge is derived from the 2024 and 2025 balance sheets and the 2025 result. There is no filed cash-flow statement. You see where the money came from and where it went.
From operations
-€9,106
Investment
+€274,148
Financing
-€262,623
Cash 2024
€42,209
From operations (derived)
-€9,106
Net result for the year
+€123,795
Depreciation
+€3,906
Receivables after one year
-€169,563
Receivables within one year
+€88,428
Deferred charges and accrued income
-€9,304
Trade debts
-€4,423
Tax, wage and social debts
-€15,663
Other debts
-€26,282
Investment (derived)
+€274,148
Investment in fixed assets (net)
+€274,148
Financing
-€262,623
Debts after one year
-€150,701
Current portion of long-term debt
-€27,686
Short-term financial debts
+€50,000
Contributions, distributions and other
-€134,236
Cash 2025
€44,628
brings cash intakes cash out
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €507,747 | €322,550 | -€185,196 | -36.5% |
| Fixed assets | 21/28 | €300,193 | €22,139 | -€278,054 | -92.6% |
| Tangible fixed assets | 22/27 | €300,193 | €22,139 | -€278,054 | -92.6% |
| Land and buildings | 22 | €287,254 | €0 | -€287,254 | -100% |
| Plant, machinery and equipment | 23 | €2,802 | €3,486 | +€684 | +24.4% |
| Furniture and vehicles | 24 | €10,136 | €7,901 | -€2,236 | -22.1% |
| Other tangible fixed assets | 26 | - | €10,752 | +€10,752 | |
| Current assets | 29/58 | €207,554 | €300,412 | +€92,858 | +44.7% |
| Amounts receivable after more than one year | 29 | €76,437 | €246,000 | +€169,563 | +222% |
| Trade receivables | 290 | €76,437 | €246,000 | +€169,563 | +222% |
| Other amounts receivable | 291 | €0 | - | = | |
| Amounts receivable within one year | 40/41 | €88,908 | €480 | -€88,428 | -99.5% |
| Trade receivables | 40 | €0 | €480 | +€480 | |
| Other amounts receivable | 41 | €88,908 | €0 | -€88,908 | -100% |
| Cash at bank and in hand | 54/58 | €42,209 | €44,628 | +€2,419 | +5.7% |
| Deferred charges and accrued income | 490/1 | €0 | €9,304 | +€9,304 | |
| Total equity and liabilities | 10/49 | €507,747 | €322,550 | -€185,196 | -36.5% |
| Equity | 10/15 | €254,150 | €243,708 | -€10,441 | -4.1% |
| Contributions | 10/11 | €5,952 | €6,200 | +€248 | +4.2% |
| Reserves | 13 | €247,532 | €237,508 | -€10,023 | -4.0% |
| Non-distributable reserves | 130/1 | €1,860 | €0 | -€1,860 | -100% |
| Reserves not available under the articles | 1311 | €1,860 | €0 | -€1,860 | -100% |
| Distributable reserves | 133 | €245,672 | €237,508 | -€8,163 | -3.3% |
| Profit (loss) carried forward | 14 | €666 | €0 | -€666 | -100% |
| Amounts payable | 17/49 | €253,597 | €78,842 | -€174,755 | -68.9% |
| Amounts payable after more than one year | 17 | €150,701 | €0 | -€150,701 | -100% |
| Financial debts | 170/4 | €150,701 | €0 | -€150,701 | -100% |
| Amounts payable within one year | 42/48 | €102,896 | €78,842 | -€24,054 | -23.4% |
| Current portion of amounts payable after more than one year | 42 | €27,686 | €0 | -€27,686 | -100% |
| Financial debts | 43 | - | €50,000 | +€50,000 | |
| Other loans | 439 | - | €50,000 | +€50,000 | |
| Trade debts | 44 | €9,076 | €4,654 | -€4,423 | -48.7% |
| Suppliers | 440/4 | €9,076 | €4,654 | -€4,423 | -48.7% |
| Taxes, remuneration and social security | 45 | €39,817 | €24,154 | -€15,663 | -39.3% |
| Taxes | 450/3 | €39,817 | €24,154 | -€15,663 | -39.3% |
| Other amounts payable | 47/48 | €26,316 | €34 | -€26,282 | -99.9% |
| Non-recurring operating income | 76A | - | €132,898 | +€132,898 | |
| Remuneration, social security and pensions | 62 | €223 | €0 | -€223 | -100% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €19,284 | €3,906 | -€15,378 | -79.7% |
| Other operating charges | 640/8 | €1,914 | €702 | -€1,212 | -63.3% |
| Non-recurring operating charges | 66A | - | €637 | +€637 | |
| Gross operating margin | 9900 | €53,770 | €196,836 | +€143,066 | +266% |
| Operating profit (loss) | 9901 | €32,348 | €191,591 | +€159,243 | +492% |
| Financial income | 75/76B | €112 | €8,001 | +€7,889 | +7,033% |
| Recurring financial income | 75 | €112 | €8,001 | +€7,889 | +7,033% |
| Financial charges | 65/66B | €7,538 | €12,343 | +€4,806 | +63.8% |
| Recurring financial charges | 65 | €7,538 | €12,343 | +€4,806 | +63.8% |
| Profit (loss) for the period before taxes | 9903 | €24,923 | €187,248 | +€162,326 | +651% |
| Income taxes | 67/77 | €12,239 | €63,454 | +€51,215 | +418% |
| Profit (loss) for the period | 9904 | €12,684 | €123,795 | +€111,111 | +876% |
| Profit (loss) for the period to be appropriated | 9905 | €12,684 | €123,795 | +€111,111 | +876% |
Next steps
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Calculation and sources
Source: filed annual accounts (NBB), financial years ended 31 December 2024 and 31 December 2025. Green is a favourable move for that line, red an unfavourable one. Prepared on 3 November 2026 via checked.be.