GEBR. HESELMANS: 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.
GEBR. HESELMANS
Largest movements
- Receivables within one year +€6,779
up €6,779 (+138%), from €4,907 to €11,686
of which Other amounts receivable: +€11,147
- Tangible fixed assets -€5,637
down €5,637 (-4.5%), from €126,556 to €120,919
of which Land and buildings: -€4,173
- Cash +€3,833
up €3,833 (+5.3%), from €72,256 to €76,089
mainly Net result for the year (+€16,500) and Depreciation (+€5,637)
- Stocks and contracts -€2,500
no longer reported in 2025 (was €2,500)
- Reserves +€14,782
up €14,782 (+10.2%), from €145,462 to €160,244
- Current portion of long-term debt -€7,258
down €7,258 (-50.9%), from €14,272 to €7,015
- Debts after one year -€7,015
no longer reported in 2025 (was €7,015)
- Gross operating margin -€27,633
down €27,633 (-33.3%), from €83,030 to €55,398
- Taxes -€10,329
down €10,329 (-57.1%), from €18,082 to €7,754
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 | €206,351 | €208,829 | +€2,478 | +1.2% |
| Fixed assets | 21/28 | €126,556 | €120,919 | -€5,637 | -4.5% |
| Tangible fixed assets | 22/27 | €126,556 | €120,919 | -€5,637 | -4.5% |
| Land and buildings | 22 | €124,544 | €120,372 | -€4,173 | -3.4% |
| Plant, machinery and equipment | 23 | €1,741 | €547 | -€1,194 | -68.6% |
| Furniture and vehicles | 24 | €271 | - | -€271 | |
| Current assets | 29/58 | €79,795 | €87,910 | +€8,115 | +10.2% |
| Stocks and contracts in progress | 3 | €2,500 | - | -€2,500 | |
| Contracts in progress | 37 | €2,500 | - | -€2,500 | |
| Amounts receivable within one year | 40/41 | €4,907 | €11,686 | +€6,779 | +138% |
| Trade receivables | 40 | €4,367 | - | -€4,367 | |
| Other amounts receivable | 41 | €540 | €11,686 | +€11,147 | +2,066% |
| Cash at bank and in hand | 54/58 | €72,256 | €76,089 | +€3,833 | +5.3% |
| Deferred charges and accrued income | 490/1 | €132 | €135 | +€3 | +2.3% |
| Total equity and liabilities | 10/49 | €206,351 | €208,829 | +€2,478 | +1.2% |
| Equity | 10/15 | €164,054 | €178,836 | +€14,782 | +9.0% |
| Contributions | 10/11 | €18,592 | €18,592 | = | 0.0% |
| Reserves | 13 | €145,462 | €160,244 | +€14,782 | +10.2% |
| Distributable reserves | 133 | €145,462 | €160,244 | +€14,782 | +10.2% |
| Amounts payable | 17/49 | €42,297 | €29,993 | -€12,304 | -29.1% |
| Amounts payable after more than one year | 17 | €7,015 | - | -€7,015 | |
| Financial debts | 170/4 | €7,015 | - | -€7,015 | |
| Amounts payable within one year | 42/48 | €35,283 | €29,993 | -€5,289 | -15.0% |
| Current portion of amounts payable after more than one year | 42 | €14,272 | €7,015 | -€7,258 | -50.9% |
| Trade debts | 44 | €4,221 | €5,682 | +€1,462 | +34.6% |
| Suppliers | 440/4 | €4,221 | €5,682 | +€1,462 | +34.6% |
| Taxes, remuneration and social security | 45 | €6,058 | €5,030 | -€1,028 | -17.0% |
| Taxes | 450/3 | €1,289 | €98 | -€1,191 | -92.4% |
| Remuneration and social security | 454/9 | €4,769 | €4,932 | +€163 | +3.4% |
| Other amounts payable | 47/48 | €10,732 | €12,267 | +€1,535 | +14.3% |
| Remuneration, social security and pensions | 62 | €23,066 | €23,636 | +€570 | +2.5% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €5,691 | €5,637 | -€54 | -1.0% |
| Other operating charges | 640/8 | €1,442 | €1,061 | -€382 | -26.5% |
| Gross operating margin | 9900 | €83,030 | €55,398 | -€27,633 | -33.3% |
| Operating profit (loss) | 9901 | €52,831 | €25,064 | -€27,767 | -52.6% |
| Financial charges | 65/66B | €1,248 | €810 | -€438 | -35.1% |
| Recurring financial charges | 65 | €1,248 | €810 | -€438 | -35.1% |
| Profit (loss) for the period before taxes | 9903 | €51,582 | €24,254 | -€27,329 | -53.0% |
| Income taxes | 67/77 | €18,082 | €7,754 | -€10,329 | -57.1% |
| Profit (loss) for the period | 9904 | €33,500 | €16,500 | -€17,000 | -50.7% |
| Profit (loss) for the period to be appropriated | 9905 | €33,500 | €16,500 | -€17,000 | -50.7% |
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 26 October 2026 via checked.be.