Heart Beat: 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.
Heart Beat
Largest movements
- Receivables within one year -€40,761
down €40,761 (-51.7%), from €78,797 to €38,036
- Cash -€26,404
down €26,404 (-91.3%), from €28,916 to €2,511
mainly Trade debts (-€88,660) and Tax, wage and social debts (-€4,685)
- Tangible fixed assets -€1,673
down €1,673 (-30.0%), from €5,577 to €3,904
of which Furniture and vehicles: -€1,178
- Trade debts -€88,660
down €88,660 (-88.8%), from €99,886 to €11,226
- Profit (loss) carried forward +€28,865
up €28,865, from -€23,238 to €5,627
- Tax, wage and social debts -€4,685
down €4,685 (-25.6%), from €18,291 to €13,606
of which Remuneration and social security: -€3,500
- Other debts -€4,513
down €4,513 (-26.4%), from €17,110 to €12,596
- Gross operating margin +€43,369
up €43,369 (+1,272%), from €3,409 to €46,778
- Financial charges +€7,688
up €7,688 (+401%), from €1,915 to €9,603
- Taxes +€5,697
new in 2025: €5,697
- Other operating charges +€2,296
new in 2025: €2,296
- Financial income +€1,356
up €1,356 (+753,556%), from €0 to €1,357
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 | €114,049 | €45,055 | -€68,994 | -60.5% |
| Fixed assets | 21/28 | €5,577 | €3,904 | -€1,673 | -30.0% |
| Tangible fixed assets | 22/27 | €5,577 | €3,904 | -€1,673 | -30.0% |
| Furniture and vehicles | 24 | €1,412 | €234 | -€1,178 | -83.4% |
| Other tangible fixed assets | 26 | €4,165 | €3,670 | -€495 | -11.9% |
| Current assets | 29/58 | €108,472 | €41,151 | -€67,321 | -62.1% |
| Amounts receivable within one year | 40/41 | €78,797 | €38,036 | -€40,761 | -51.7% |
| Trade receivables | 40 | €78,797 | €38,036 | -€40,761 | -51.7% |
| Cash at bank and in hand | 54/58 | €28,916 | €2,511 | -€26,404 | -91.3% |
| Deferred charges and accrued income | 490/1 | €759 | €604 | -€155 | -20.4% |
| Total equity and liabilities | 10/49 | €114,049 | €45,055 | -€68,994 | -60.5% |
| Equity | 10/15 | -€21,238 | €7,627 | +€28,865 | |
| Contributions | 10/11 | €2,000 | €2,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€23,238 | €5,627 | +€28,865 | |
| Amounts payable | 17/49 | €135,287 | €37,428 | -€97,859 | -72.3% |
| Amounts payable within one year | 42/48 | €135,287 | €37,428 | -€97,859 | -72.3% |
| Trade debts | 44 | €99,886 | €11,226 | -€88,660 | -88.8% |
| Suppliers | 440/4 | €99,886 | €11,226 | -€88,660 | -88.8% |
| Taxes, remuneration and social security | 45 | €18,291 | €13,606 | -€4,685 | -25.6% |
| Taxes | 450/3 | €14,791 | €13,606 | -€1,185 | -8.0% |
| Remuneration and social security | 454/9 | €3,500 | - | -€3,500 | |
| Other amounts payable | 47/48 | €17,110 | €12,596 | -€4,513 | -26.4% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €1,673 | €1,673 | = | 0.0% |
| Other operating charges | 640/8 | - | €2,296 | +€2,296 | |
| Gross operating margin | 9900 | €3,409 | €46,778 | +€43,369 | +1,272% |
| Operating profit (loss) | 9901 | €1,736 | €42,809 | +€41,073 | +2,366% |
| Financial income | 75/76B | €0 | €1,357 | +€1,356 | +753,556% |
| Recurring financial income | 75 | €0 | €1,357 | +€1,356 | +753,556% |
| Financial charges | 65/66B | €1,915 | €9,603 | +€7,688 | +401% |
| Recurring financial charges | 65 | €1,915 | €9,603 | +€7,688 | +401% |
| Profit (loss) for the period before taxes | 9903 | -€179 | €34,562 | +€34,741 | |
| Income taxes | 67/77 | - | €5,697 | +€5,697 | |
| Profit (loss) for the period | 9904 | -€179 | €28,865 | +€29,044 | |
| Profit (loss) for the period to be appropriated | 9905 | -€179 | €28,865 | +€29,044 |
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 16 October 2026 via checked.be.