HEARTBITS: 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.
HEARTBITS
Largest movements
- Tangible fixed assets +€220,117
new in 2025: €220,117
of which Land and buildings: +€212,784
- Cash +€47,880
up €47,880 (+136.6%), from €35,062 to €82,943
mainly Debts after one year (+€225,485) and Net result for the year (+€37,038)
- Receivables within one year +€19,307
new in 2025: €19,307
of which Other amounts receivable: +€10,920
- Debts after one year +€225,485
new in 2025: €225,485
of which Financial debts: +€223,565
- Reserves +€37,038
up €37,038 (+144.6%), from €25,608 to €62,646
- Current portion of long-term debt +€13,968
new in 2025: €13,968
- Trade debts +€7,540
up €7,540 (+70534.5%), from €11 to €7,551
- Tax, wage and social debts +€3,717
up €3,717 (+32.7%), from €11,359 to €15,076
of which Taxes: +€3,717
- Gross operating margin +€34,549
up €34,549 (+107.1%), from €32,266 to €66,816
- Depreciation +€12,745
new in 2025: €12,745
- Financial charges +€7,003
up €7,003 (+22511.8%), from €31 to €7,035
- Other operating charges +€1,991
up €1,991 (+1686.9%), from €118 to €2,109
- Taxes +€1,930
up €1,930 (+29.7%), from €6,509 to €8,439
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 | €37,173 | €326,526 | +€289,353 | +778.4% |
| Fixed assets | 21/28 | - | €221,605 | +€221,605 | |
| Tangible fixed assets | 22/27 | - | €220,117 | +€220,117 | |
| Land and buildings | 22 | - | €212,784 | +€212,784 | |
| Plant, machinery and equipment | 23 | - | €7,333 | +€7,333 | |
| Financial fixed assets | 28 | - | €1,488 | +€1,488 | |
| Current assets | 29/58 | €37,173 | €104,921 | +€67,748 | +182.2% |
| Amounts receivable within one year | 40/41 | - | €19,307 | +€19,307 | |
| Trade receivables | 40 | - | €8,387 | +€8,387 | |
| Other amounts receivable | 41 | - | €10,920 | +€10,920 | |
| Cash at bank and in hand | 54/58 | €35,062 | €82,943 | +€47,880 | +136.6% |
| Deferred charges and accrued income | 490/1 | €2,111 | €2,672 | +€561 | +26.6% |
| Total equity and liabilities | 10/49 | €37,173 | €326,526 | +€289,353 | +778.4% |
| Equity | 10/15 | €25,708 | €62,746 | +€37,038 | +144.1% |
| Contributions | 10/11 | €100 | €100 | = | 0.0% |
| Reserves | 13 | €25,608 | €62,646 | +€37,038 | +144.6% |
| Distributable reserves | 133 | €25,608 | €62,646 | +€37,038 | +144.6% |
| Amounts payable | 17/49 | €11,465 | €263,780 | +€252,315 | +2200.7% |
| Amounts payable after more than one year | 17 | - | €225,485 | +€225,485 | |
| Financial debts | 170/4 | - | €223,565 | +€223,565 | |
| Other amounts payable | 178/9 | - | €1,920 | +€1,920 | |
| Amounts payable within one year | 42/48 | €11,465 | €36,594 | +€25,129 | +219.2% |
| Current portion of amounts payable after more than one year | 42 | - | €13,968 | +€13,968 | |
| Trade debts | 44 | €11 | €7,551 | +€7,540 | +70534.5% |
| Suppliers | 440/4 | €11 | €7,551 | +€7,540 | +70534.5% |
| Taxes, remuneration and social security | 45 | €11,359 | €15,076 | +€3,717 | +32.7% |
| Taxes | 450/3 | €8,909 | €12,626 | +€3,717 | +41.7% |
| Remuneration and social security | 454/9 | €2,450 | €2,450 | = | 0.0% |
| Other amounts payable | 47/48 | €96 | - | -€96 | |
| Accrued charges and deferred income | 492/3 | - | €1,700 | +€1,700 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | - | €12,745 | +€12,745 | |
| Other operating charges | 640/8 | €118 | €2,109 | +€1,991 | +1686.9% |
| Gross operating margin | 9900 | €32,266 | €66,816 | +€34,549 | +107.1% |
| Operating profit (loss) | 9901 | €32,148 | €51,962 | +€19,813 | +61.6% |
| Financial income | 75/76B | - | €550 | +€550 | |
| Recurring financial income | 75 | - | €550 | +€550 | |
| Financial charges | 65/66B | €31 | €7,035 | +€7,003 | +22511.8% |
| Recurring financial charges | 65 | €31 | €7,035 | +€7,003 | +22511.8% |
| Profit (loss) for the period before taxes | 9903 | €32,117 | €45,477 | +€13,360 | +41.6% |
| Income taxes | 67/77 | €6,509 | €8,439 | +€1,930 | +29.7% |
| Profit (loss) for the period | 9904 | €25,608 | €37,038 | +€11,430 | +44.6% |
| Profit (loss) for the period to be appropriated | 9905 | €25,608 | €37,038 | +€11,430 | +44.6% |
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 5 October 2026 via checked.be.