HEALEY: what changed
Two fiscal 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.
HEALEY
Largest movements
- Current investments -€500,000
no longer reported in 2025 (was €500,000)
- Receivables after one year +€293,536
up €293,536 (+38.5%), from €762,000 to €1.1m
- Tangible fixed assets -€276,590
down €276,590 (-5.0%), from €5.6m to €5.3m
of which Land and buildings: -€243,277
- Financial fixed assets +€253,528
up €253,528 (+8.6%), from €3.0m to €3.2m
- Receivables within one year +€207,645
up €207,645 (+95.3%), from €217,882 to €425,527
of which Other amounts receivable: +€212,845
- Debts after one year -€342,486
down €342,486 (-30.3%), from €1.1m to €789,631
of which Financial debts: -€342,726
- Other debts +€145,492
up €145,492 (+2.4%), from €6.0m to €6.1m
- Reserves +€134,457
up €134,457 (+4.9%), from €2.7m to €2.9m
of which Distributable reserves: +€134,457
- Other operating charges -€2.5m
down €2.5m (-97.2%), from €2.6m to €70,743
- Financial income -€445,678
down €445,678 (-78.2%), from €569,607 to €123,929
- Gross operating margin +€40,683
up €40,683 (+11.3%), from €360,300 to €400,983
- Taxes +€13,564
up €13,564 (+1605.0%), from €845 to €14,409
- Financial charges -€6,223
down €6,223 (-17.8%), from €34,937 to €28,714
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.
Cash bridge derived
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 | €10,270,881 | €10,204,958 | -€65,924 | -0.6% |
| Fixed assets | 21/28 | €8,539,410 | €8,516,348 | -€23,062 | -0.3% |
| Tangible fixed assets | 22/27 | €5,576,583 | €5,299,993 | -€276,590 | -5.0% |
| Land and buildings | 22 | €5,420,714 | €5,177,437 | -€243,277 | -4.5% |
| Furniture and vehicles | 24 | €123,058 | €93,191 | -€29,867 | -24.3% |
| Other tangible fixed assets | 26 | €32,811 | €29,364 | -€3,447 | -10.5% |
| Financial fixed assets | 28 | €2,962,826 | €3,216,355 | +€253,528 | +8.6% |
| Current assets | 29/58 | €1,731,472 | €1,688,610 | -€42,862 | -2.5% |
| Amounts receivable after more than one year | 29 | €762,000 | €1,055,536 | +€293,536 | +38.5% |
| Other amounts receivable | 291 | €762,000 | €1,055,536 | +€293,536 | +38.5% |
| Amounts receivable within one year | 40/41 | €217,882 | €425,527 | +€207,645 | +95.3% |
| Trade receivables | 40 | €5,200 | - | -€5,200 | |
| Other amounts receivable | 41 | €212,682 | €425,527 | +€212,845 | +100.1% |
| Current investments | 50/53 | €500,000 | - | -€500,000 | |
| Cash at bank and in hand | 54/58 | €244,205 | €201,686 | -€42,518 | -17.4% |
| Deferred charges and accrued income | 490/1 | €7,385 | €5,861 | -€1,524 | -20.6% |
| Total equity and liabilities | 10/49 | €10,270,881 | €10,204,958 | -€65,924 | -0.6% |
| Equity | 10/15 | €2,806,806 | €2,941,262 | +€134,457 | +4.8% |
| Contributions | 10/11 | €61,500 | €61,500 | = | 0.0% |
| Capital | 10 | €61,500 | €61,500 | = | 0.0% |
| Issued capital | 100 | €61,500 | €61,500 | = | 0.0% |
| Reserves | 13 | €2,745,306 | €2,879,762 | +€134,457 | +4.9% |
| Non-distributable reserves | 130/1 | €6,150 | €6,150 | = | 0.0% |
| Legal reserve | 130 | €6,150 | €6,150 | = | 0.0% |
| Distributable reserves | 133 | €2,739,156 | €2,873,612 | +€134,457 | +4.9% |
| Amounts payable | 17/49 | €7,464,075 | €7,263,695 | -€200,380 | -2.7% |
| Amounts payable after more than one year | 17 | €1,132,117 | €789,631 | -€342,486 | -30.3% |
| Financial debts | 170/4 | €1,124,377 | €781,651 | -€342,726 | -30.5% |
| Other amounts payable | 178/9 | €7,740 | €7,980 | +€240 | +3.1% |
| Amounts payable within one year | 42/48 | €6,329,293 | €6,472,046 | +€142,753 | +2.3% |
| Current portion of amounts payable after more than one year | 42 | €305,230 | €309,121 | +€3,891 | +1.3% |
| Trade debts | 44 | €1,906 | €4,134 | +€2,228 | +116.9% |
| Suppliers | 440/4 | €1,906 | €4,134 | +€2,228 | +116.9% |
| Taxes, remuneration and social security | 45 | €48,488 | €39,631 | -€8,858 | -18.3% |
| Taxes | 450/3 | €46,563 | €39,631 | -€6,933 | -14.9% |
| Remuneration and social security | 454/9 | €1,925 | - | -€1,925 | |
| Other amounts payable | 47/48 | €5,973,669 | €6,119,161 | +€145,492 | +2.4% |
| Accrued charges and deferred income | 492/3 | €2,666 | €2,018 | -€648 | -24.3% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €271,210 | €276,590 | +€5,380 | +2.0% |
| Other operating charges | 640/8 | €2,563,427 | €70,743 | -€2.5m | -97.2% |
| Gross operating margin | 9900 | €360,300 | €400,983 | +€40,683 | +11.3% |
| Operating profit (loss) | 9901 | -€2,474,337 | €53,650 | +€2.5m | |
| Financial income | 75/76B | €569,607 | €123,929 | -€445,678 | -78.2% |
| Recurring financial income | 75 | €569,607 | €123,929 | -€445,678 | -78.2% |
| Financial charges | 65/66B | €34,937 | €28,714 | -€6,223 | -17.8% |
| Recurring financial charges | 65 | €34,937 | €28,714 | -€6,223 | -17.8% |
| Profit (loss) for the period before taxes | 9903 | -€1,939,667 | €148,865 | +€2.1m | |
| Income taxes | 67/77 | €845 | €14,409 | +€13,564 | +1605.0% |
| Profit (loss) for the period | 9904 | -€1,940,512 | €134,457 | +€2.1m | |
| Profit (loss) for the period to be appropriated | 9905 | -€1,940,512 | €134,457 | +€2.1m |
Source: filed annual accounts (NBB), fiscal years ended 31 December 2024 and 31 December 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 8 October 2026 via checked.be.