HeART2inspire: 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.
HeART2inspire
Largest movements
- Tangible fixed assets -€14,574
down €14,574 (-49.0%), from €29,754 to €15,180
of which Leasing and similar rights: -€14,276
- Stocks and contracts +€8,286
up €8,286 (+7.7%), from €107,101 to €115,387
- Cash -€3,008
down €3,008 (-63.4%), from €4,746 to €1,738
mainly Net result for the year (-€24,013) and Debts after one year (-€9,985)
- Receivables within one year -€2,714
down €2,714 (-80.5%), from €3,371 to €657
- Other debts +€25,411
up €25,411 (+14.4%), from €175,923 to €201,334
- Profit (loss) carried forward -€24,013
down €24,013 (-31.7%), from -€75,781 to -€99,794
- Debts after one year -€9,985
down €9,985 (-100%), from €9,985 to €0
- Current portion of long-term debt -€2,124
down €2,124 (-17.5%), from €12,109 to €9,985
- Depreciation +€847
up €847 (+5.3%), from €15,888 to €16,735
- Gross operating margin -€383
down €383 (-8.8%), from -€4,370 to -€4,753
- Financial charges -€188
down €188 (-39.0%), from €483 to €294
- Other operating charges -€133
down €133 (-5.8%), from €2,283 to €2,150
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 | €146,799 | €135,660 | -€11,138 | -7.6% |
| Formation expenses | 20 | €280 | €13 | -€267 | -95.3% |
| Fixed assets | 21/28 | €29,754 | €16,427 | -€13,326 | -44.8% |
| Intangible fixed assets | 21 | - | €1,248 | +€1,248 | |
| Tangible fixed assets | 22/27 | €29,754 | €15,180 | -€14,574 | -49.0% |
| Plant, machinery and equipment | 23 | €6,101 | €4,759 | -€1,342 | -22.0% |
| Furniture and vehicles | 24 | €342 | €1,385 | +€1,044 | +305% |
| Leasing and similar rights | 25 | €23,311 | €9,035 | -€14,276 | -61.2% |
| Current assets | 29/58 | €116,765 | €119,220 | +€2,455 | +2.1% |
| Stocks and contracts in progress | 3 | €107,101 | €115,387 | +€8,286 | +7.7% |
| Stocks | 30/36 | €107,101 | €115,387 | +€8,286 | +7.7% |
| Amounts receivable within one year | 40/41 | €3,371 | €657 | -€2,714 | -80.5% |
| Other amounts receivable | 41 | €3,371 | €657 | -€2,714 | -80.5% |
| Cash at bank and in hand | 54/58 | €4,746 | €1,738 | -€3,008 | -63.4% |
| Deferred charges and accrued income | 490/1 | €1,547 | €1,438 | -€109 | -7.0% |
| Total equity and liabilities | 10/49 | €146,799 | €135,660 | -€11,138 | -7.6% |
| Equity | 10/15 | -€55,781 | -€79,794 | -€24,013 | -43.0% |
| Contributions | 10/11 | €20,000 | €20,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€75,781 | -€99,794 | -€24,013 | -31.7% |
| Amounts payable | 17/49 | €202,579 | €215,454 | +€12,875 | +6.4% |
| Amounts payable after more than one year | 17 | €9,985 | €0 | -€9,985 | -100% |
| Financial debts | 170/4 | €9,985 | €0 | -€9,985 | -100% |
| Amounts payable within one year | 42/48 | €192,369 | €215,454 | +€23,085 | +12.0% |
| Current portion of amounts payable after more than one year | 42 | €12,109 | €9,985 | -€2,124 | -17.5% |
| Trade debts | 44 | €4,166 | €3,972 | -€195 | -4.7% |
| Suppliers | 440/4 | €4,166 | €3,972 | -€195 | -4.7% |
| Taxes, remuneration and social security | 45 | €170 | €163 | -€7 | -4.1% |
| Taxes | 450/3 | €170 | €163 | -€7 | -4.1% |
| Other amounts payable | 47/48 | €175,923 | €201,334 | +€25,411 | +14.4% |
| Accrued charges and deferred income | 492/3 | €225 | €0 | -€225 | -100% |
| Non-recurring operating income | 76A | €0 | - | = | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €15,888 | €16,735 | +€847 | +5.3% |
| Other operating charges | 640/8 | €2,283 | €2,150 | -€133 | -5.8% |
| Gross operating margin | 9900 | -€4,370 | -€4,753 | -€383 | -8.8% |
| Operating profit (loss) | 9901 | -€22,541 | -€23,638 | -€1,097 | -4.9% |
| Financial income | 75/76B | €1 | €0 | -€1 | -100% |
| Recurring financial income | 75 | €1 | €0 | -€1 | -100% |
| Financial charges | 65/66B | €483 | €294 | -€188 | -39.0% |
| Recurring financial charges | 65 | €483 | €294 | -€188 | -39.0% |
| Profit (loss) for the period before taxes | 9903 | -€23,023 | -€23,932 | -€909 | -4.0% |
| Income taxes | 67/77 | €82 | €81 | -€1 | -1.1% |
| Profit (loss) for the period | 9904 | -€23,105 | -€24,013 | -€909 | -3.9% |
| Profit (loss) for the period to be appropriated | 9905 | -€23,105 | -€24,013 | -€909 | -3.9% |
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 13 October 2026 via checked.be.