ETS HEYLIGEN: 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.
ETS HEYLIGEN
Largest movements
- Tangible fixed assets -€6,299
down €6,299 (-9.3%), from €67,377 to €61,078
of which Land and buildings: -€4,607
- Receivables within one year +€4,368
up €4,368 (+24.3%), from €17,952 to €22,319
- Deferred charges and accrued income -€2,966
no longer reported in 2025 (was €2,966)
- Cash +€2,803
up €2,803 (+53.0%), from €5,286 to €8,089
mainly Other debts (+€22,584) and Depreciation (+€6,299)
- Other debts +€22,584
up €22,584 (+4.3%), from €523,847 to €546,431
- Profit (loss) carried forward -€16,340
down €16,340 (-3.2%), from -€507,581 to -€523,920
- Short-term financial debts -€15,612
no longer reported in 2025 (was €15,612)
- Tax, wage and social debts +€4,632
up €4,632 (+19.5%), from €23,734 to €28,366
of which Remuneration and social security: +€9,091
- Trade debts +€2,921
up €2,921 (+32.7%), from €8,931 to €11,853
- Other operating charges -€13,285
down €13,285 (-70.2%), from €18,913 to €5,628
- Gross operating margin +€5,916
up €5,916, from -€584 to €5,333
- Financial charges -€1,694
down €1,694 (-13.5%), from €12,573 to €10,879
- Taxes -€933
new in 2025: -€933
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 | €278,741 | €276,926 | -€1,814 | -0.7% |
| Fixed assets | 21/28 | €67,575 | €61,276 | -€6,299 | -9.3% |
| Tangible fixed assets | 22/27 | €67,377 | €61,078 | -€6,299 | -9.3% |
| Land and buildings | 22 | €63,973 | €59,367 | -€4,607 | -7.2% |
| Plant, machinery and equipment | 23 | €1,430 | €1,072 | -€357 | -25.0% |
| Furniture and vehicles | 24 | €1,974 | €639 | -€1,335 | -67.6% |
| Financial fixed assets | 28 | €198 | €198 | = | 0.0% |
| Current assets | 29/58 | €211,165 | €215,650 | +€4,484 | +2.1% |
| Stocks and contracts in progress | 3 | €184,962 | €185,242 | +€280 | +0.2% |
| Stocks | 30/36 | €184,962 | €185,242 | +€280 | +0.2% |
| Amounts receivable within one year | 40/41 | €17,952 | €22,319 | +€4,368 | +24.3% |
| Trade receivables | 40 | €17,952 | €22,319 | +€4,368 | +24.3% |
| Cash at bank and in hand | 54/58 | €5,286 | €8,089 | +€2,803 | +53.0% |
| Deferred charges and accrued income | 490/1 | €2,966 | - | -€2,966 | |
| Total equity and liabilities | 10/49 | €278,741 | €276,926 | -€1,814 | -0.7% |
| Equity | 10/15 | -€418,384 | -€434,724 | -€16,340 | -3.9% |
| Contributions | 10/11 | €22,558 | €22,558 | = | 0.0% |
| Reserves | 13 | €66,638 | €66,638 | = | 0.0% |
| Non-distributable reserves | 130/1 | €2,256 | €2,256 | = | 0.0% |
| Reserves not available under the articles | 1311 | €2,256 | €2,256 | = | 0.0% |
| Tax-exempt reserves | 132 | €14,961 | €14,961 | = | 0.0% |
| Distributable reserves | 133 | €49,421 | €49,421 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€507,581 | -€523,920 | -€16,340 | -3.2% |
| Amounts payable | 17/49 | €697,124 | €711,650 | +€14,525 | +2.1% |
| Amounts payable after more than one year | 17 | €125,000 | €125,000 | = | 0.0% |
| Financial debts | 170/4 | €125,000 | €125,000 | = | 0.0% |
| Amounts payable within one year | 42/48 | €572,124 | €586,650 | +€14,525 | +2.5% |
| Financial debts | 43 | €15,612 | - | -€15,612 | |
| Credit institutions | 430/8 | €15,612 | - | -€15,612 | |
| Trade debts | 44 | €8,931 | €11,853 | +€2,921 | +32.7% |
| Suppliers | 440/4 | €8,931 | €11,853 | +€2,921 | +32.7% |
| Taxes, remuneration and social security | 45 | €23,734 | €28,366 | +€4,632 | +19.5% |
| Taxes | 450/3 | €4,459 | - | -€4,459 | |
| Remuneration and social security | 454/9 | €19,275 | €28,366 | +€9,091 | +47.2% |
| Other amounts payable | 47/48 | €523,847 | €546,431 | +€22,584 | +4.3% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €6,328 | €6,299 | -€29 | -0.5% |
| Other operating charges | 640/8 | €18,913 | €5,628 | -€13,285 | -70.2% |
| Gross operating margin | 9900 | -€584 | €5,333 | +€5,916 | |
| Operating profit (loss) | 9901 | -€25,825 | -€6,594 | +€19,231 | +74.5% |
| Financial income | 75/76B | €184 | €200 | +€16 | +8.8% |
| Recurring financial income | 75 | €184 | €200 | +€16 | +8.8% |
| Financial charges | 65/66B | €12,573 | €10,879 | -€1,694 | -13.5% |
| Recurring financial charges | 65 | €12,573 | €10,879 | -€1,694 | -13.5% |
| Profit (loss) for the period before taxes | 9903 | -€38,214 | -€17,273 | +€20,941 | +54.8% |
| Income taxes | 67/77 | - | -€933 | -€933 | |
| Profit (loss) for the period | 9904 | -€38,214 | -€16,340 | +€21,874 | +57.2% |
| Profit (loss) for the period to be appropriated | 9905 | -€38,214 | -€16,340 | +€21,874 | +57.2% |
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 20 October 2026 via checked.be.