HEARTCARE PaSyFa: 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.
HEARTCARE PaSyFa
Largest movements
- Cash +€30,444
up €30,444 (+79.8%), from €38,167 to €68,611
mainly Trade debts (+€27,500) and Net result for the year (+€25,760)
- Receivables within one year +€21,579
up €21,579 (+47.2%), from €45,691 to €67,270
- Tangible fixed assets +€2,140
new in 2025: €2,140
- Trade debts +€27,500
new in 2025: €27,500
- Reserves +€25,700
up €25,700 (+43.7%), from €58,800 to €84,500
- Gross operating margin -€51,080
down €51,080 (-60.2%), from €84,915 to €33,835
- Taxes -€12,800
down €12,800 (-55.7%), from €23,000 to €10,200
- Financial income +€3,362
new in 2025: €3,362
- Depreciation -€1,171
down €1,171 (-74.4%), from €1,574 to €403
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 | €83,858 | €138,021 | +€54,163 | +64.6% |
| Fixed assets | 21/28 | - | €2,140 | +€2,140 | |
| Tangible fixed assets | 22/27 | - | €2,140 | +€2,140 | |
| Furniture and vehicles | 24 | - | €2,140 | +€2,140 | |
| Current assets | 29/58 | €83,858 | €135,881 | +€52,023 | +62.0% |
| Amounts receivable within one year | 40/41 | €45,691 | €67,270 | +€21,579 | +47.2% |
| Other amounts receivable | 41 | €45,691 | €67,270 | +€21,579 | +47.2% |
| Cash at bank and in hand | 54/58 | €38,167 | €68,611 | +€30,444 | +79.8% |
| Total equity and liabilities | 10/49 | €83,858 | €138,021 | +€54,163 | +64.6% |
| Equity | 10/15 | €60,858 | €86,618 | +€25,760 | +42.3% |
| Contributions | 10/11 | €2,000 | €2,000 | = | 0.0% |
| Capital | 10 | €2,000 | €2,000 | = | 0.0% |
| Issued capital | 100 | €2,000 | €2,000 | = | 0.0% |
| Reserves | 13 | €58,800 | €84,500 | +€25,700 | +43.7% |
| Distributable reserves | 133 | €58,800 | €84,500 | +€25,700 | +43.7% |
| Profit (loss) carried forward | 14 | €58 | €118 | +€60 | +105% |
| Amounts payable | 17/49 | €23,000 | €51,403 | +€28,403 | +123% |
| Amounts payable within one year | 42/48 | €23,000 | €51,403 | +€28,403 | +123% |
| Trade debts | 44 | - | €27,500 | +€27,500 | |
| Suppliers | 440/4 | - | €27,500 | +€27,500 | |
| Taxes, remuneration and social security | 45 | €23,000 | €23,903 | +€903 | +3.9% |
| Taxes | 450/3 | €23,000 | €23,720 | +€720 | +3.1% |
| Remuneration and social security | 454/9 | - | €183 | +€183 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €1,574 | €403 | -€1,171 | -74.4% |
| Other operating charges | 640/8 | €1,331 | €710 | -€621 | -46.7% |
| Gross operating margin | 9900 | €84,915 | €33,835 | -€51,080 | -60.2% |
| Operating profit (loss) | 9901 | €82,010 | €32,722 | -€49,288 | -60.1% |
| Financial income | 75/76B | - | €3,362 | +€3,362 | |
| Recurring financial income | 75 | - | €3,362 | +€3,362 | |
| Financial charges | 65/66B | €152 | €124 | -€28 | -18.7% |
| Recurring financial charges | 65 | €152 | €124 | -€28 | -18.7% |
| Profit (loss) for the period before taxes | 9903 | €81,858 | €35,960 | -€45,898 | -56.1% |
| Income taxes | 67/77 | €23,000 | €10,200 | -€12,800 | -55.7% |
| Profit (loss) for the period | 9904 | €58,858 | €25,760 | -€33,098 | -56.2% |
| Profit (loss) for the period to be appropriated | 9905 | €58,858 | €25,760 | -€33,098 | -56.2% |
Source: filed annual accounts (NBB), financial years ended 30 September 2024 and 30 September 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 19 October 2026 via checked.be.