Etablissements Heddebaut: what changed
What changed
Etablissements Heddebaut
NACE 68.203, Renting and operating of own or leased non-residential real estate, excluding land
filed annual accounts (NBB)
Net result for the year
€1,163
2024 · €16,206-€15,042
Equity
€585,450
2024 · €584,287+€1,163
Cash
€47,153
2024 · €40,142+€7,011
Balance sheet total
€586,352
2024 · €586,420-€69
Largest movements
Assets
- Tangible fixed assets -€10,706
down €10,706 (-4.5%), from €240,062 to €229,356
of which Land and buildings: -€7,819
- Cash +€7,011
up €7,011 (+17.5%), from €40,142 to €47,153
mainly Depreciation (+€10,706) and Net result for the year (+€1,163)
Equity and liabilities
No liability line moved by more than 1% of the balance sheet total.
Income statement
- Financial income -€10,946
down €10,946 (-95.9%), from €11,410 to €464
- Gross operating margin -€6,771
down €6,771 (-20.9%), from €32,382 to €25,611
- Taxes -€4,936
down €4,936 (-88.6%), from €5,571 to €635
- Other operating charges +€1,385
up €1,385 (+12.9%), from €10,754 to €12,139
- Financial charges +€566
up €566 (+65.4%), from €866 to €1,432
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
€16,206
Gross operating margin
-€6,771
Depreciation
-€311
Other operating charges
-€1,385
Financial income
-€10,946
Financial charges
-€566
Taxes
+€4,936
Result 2025
€1,163
raises the resultlowers the result
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
+€8,016
Investment
-€1,005
Financing
€0
Cash 2024
€40,142
From operations (derived)
+€8,016
Net result for the year
+€1,163
Depreciation
+€10,706
Receivables within one year
-€1,481
Deferred charges and accrued income
-€1,141
Trade debts
-€150
Tax, wage and social debts
-€1,082
Investment (derived)
-€1,005
Current investments
-€1,005
Cash 2025
€47,153
brings cash intakes cash out
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €586,420 | €586,352 | -€69 | 0.0% |
| Fixed assets | 21/28 | €240,062 | €229,356 | -€10,706 | -4.5% |
| Tangible fixed assets | 22/27 | €240,062 | €229,356 | -€10,706 | -4.5% |
| Land and buildings | 22 | €228,338 | €220,520 | -€7,819 | -3.4% |
| Plant, machinery and equipment | 23 | €11,723 | €8,836 | -€2,888 | -24.6% |
| Current assets | 29/58 | €346,359 | €356,996 | +€10,638 | +3.1% |
| Amounts receivable within one year | 40/41 | €3,225 | €4,705 | +€1,481 | +45.9% |
| Trade receivables | 40 | €1,865 | - | -€1,865 | |
| Other amounts receivable | 41 | €1,360 | €4,705 | +€3,346 | +246% |
| Current investments | 50/53 | €302,992 | €303,996 | +€1,005 | +0.3% |
| Cash at bank and in hand | 54/58 | €40,142 | €47,153 | +€7,011 | +17.5% |
| Deferred charges and accrued income | 490/1 | - | €1,141 | +€1,141 | |
| Total equity and liabilities | 10/49 | €586,420 | €586,352 | -€69 | 0.0% |
| Equity | 10/15 | €584,287 | €585,450 | +€1,163 | +0.2% |
| Contributions | 10/11 | €241,500 | €241,500 | = | 0.0% |
| Capital | 10 | €241,500 | €241,500 | = | 0.0% |
| Issued capital | 100 | €241,500 | €241,500 | = | 0.0% |
| Reserves | 13 | €38,080 | €38,080 | = | 0.0% |
| Non-distributable reserves | 130/1 | €2,212 | €2,212 | = | 0.0% |
| Legal reserve | 130 | €1,550 | €1,550 | = | 0.0% |
| Other | 1319 | €662 | €662 | = | 0.0% |
| Tax-exempt reserves | 132 | €13,812 | €13,812 | = | 0.0% |
| Distributable reserves | 133 | €22,056 | €22,056 | = | 0.0% |
| Profit (loss) carried forward | 14 | €304,707 | €305,870 | +€1,163 | +0.4% |
| Amounts payable | 17/49 | €2,134 | €902 | -€1,232 | -57.7% |
| Amounts payable within one year | 42/48 | €2,134 | €902 | -€1,232 | -57.7% |
| Trade debts | 44 | €150 | - | -€150 | |
| Suppliers | 440/4 | €150 | - | -€150 | |
| Taxes, remuneration and social security | 45 | €1,984 | €902 | -€1,082 | -54.6% |
| Taxes | 450/3 | €1,984 | €902 | -€1,082 | -54.6% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €10,395 | €10,706 | +€311 | +3.0% |
| Other operating charges | 640/8 | €10,754 | €12,139 | +€1,385 | +12.9% |
| Gross operating margin | 9900 | €32,382 | €25,611 | -€6,771 | -20.9% |
| Operating profit (loss) | 9901 | €11,233 | €2,766 | -€8,467 | -75.4% |
| Financial income | 75/76B | €11,410 | €464 | -€10,946 | -95.9% |
| Recurring financial income | 75 | €11,410 | €464 | -€10,946 | -95.9% |
| Financial charges | 65/66B | €866 | €1,432 | +€566 | +65.4% |
| Recurring financial charges | 65 | €866 | €1,432 | +€566 | +65.4% |
| Profit (loss) for the period before taxes | 9903 | €21,777 | €1,798 | -€19,979 | -91.7% |
| Income taxes | 67/77 | €5,571 | €635 | -€4,936 | -88.6% |
| Profit (loss) for the period | 9904 | €16,206 | €1,163 | -€15,042 | -92.8% |
| Profit (loss) for the period to be appropriated | 9905 | €16,206 | €1,163 | -€15,042 | -92.8% |
Next steps
Work out how much credit to give this customer and on what payment terms.Credit check Check what to know before you do business with this company.Supplier due diligence Check whether you can accept this company as a client under the anti-money-laundering law.AML client file Compare this company with its sector.Sector benchmark
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 5 November 2026 via checked.be.