HEARTIST: 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.
HEARTIST
Largest movements
- Tangible fixed assets +€92,467
up €92,467 (+24.7%), from €374,069 to €466,536
of which Land and buildings: +€101,502
- Cash +€23,795
up €23,795 (+17.8%), from €133,435 to €157,230
mainly Other debts (+€202,791) and Net result for the year (+€83,990)
- Other debts +€202,791
up €202,791 (+148,445%), from €137 to €202,928
- Profit (loss) carried forward -€153,801
down €153,801 (-89.0%), from €172,791 to €18,990
- Tax, wage and social debts +€38,265
up €38,265 (+174%), from €21,972 to €60,237
of which Taxes: +€38,245
- Current portion of long-term debt +€21,042
up €21,042 (+127%), from €16,508 to €37,550
- Debts after one year +€17,180
up €17,180 (+5.6%), from €306,196 to €323,376
- Depreciation -€37,541
down €37,541 (-84.2%), from €44,595 to €7,053
- Gross operating margin -€10,983
down €10,983 (-7.8%), from €141,283 to €130,300
- Financial charges +€5,537
up €5,537 (+57.9%), from €9,555 to €15,092
- Taxes +€4,653
up €4,653 (+26.0%), from €17,923 to €22,576
- Other operating charges +€1,589
new in 2025: €1,589
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 | €528,545 | €649,100 | +€120,555 | +22.8% |
| Fixed assets | 21/28 | €374,069 | €466,536 | +€92,467 | +24.7% |
| Tangible fixed assets | 22/27 | €374,069 | €466,536 | +€92,467 | +24.7% |
| Land and buildings | 22 | €352,122 | €453,623 | +€101,502 | +28.8% |
| Furniture and vehicles | 24 | €17,766 | €12,215 | -€5,550 | -31.2% |
| Other tangible fixed assets | 26 | €1,097 | €698 | -€399 | -36.4% |
| Assets under construction and advance payments | 27 | €3,086 | - | -€3,086 | |
| Current assets | 29/58 | €154,476 | €182,564 | +€28,088 | +18.2% |
| Cash at bank and in hand | 54/58 | €133,435 | €157,230 | +€23,795 | +17.8% |
| Deferred charges and accrued income | 490/1 | €21,041 | €25,334 | +€4,293 | +20.4% |
| Total equity and liabilities | 10/49 | €528,545 | €649,100 | +€120,555 | +22.8% |
| Equity | 10/15 | €173,791 | €19,990 | -€153,801 | -88.5% |
| Contributions | 10/11 | €1,000 | €1,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | €172,791 | €18,990 | -€153,801 | -89.0% |
| Amounts payable | 17/49 | €354,754 | €629,110 | +€274,356 | +77.3% |
| Amounts payable after more than one year | 17 | €306,196 | €323,376 | +€17,180 | +5.6% |
| Financial debts | 170/4 | €306,196 | €323,376 | +€17,180 | +5.6% |
| Amounts payable within one year | 42/48 | €47,821 | €304,860 | +€257,039 | +538% |
| Current portion of amounts payable after more than one year | 42 | €16,508 | €37,550 | +€21,042 | +127% |
| Trade debts | 44 | €9,204 | €4,145 | -€5,059 | -55.0% |
| Suppliers | 440/4 | €9,204 | €4,145 | -€5,059 | -55.0% |
| Taxes, remuneration and social security | 45 | €21,972 | €60,237 | +€38,265 | +174% |
| Taxes | 450/3 | €17,923 | €56,168 | +€38,245 | +213% |
| Remuneration and social security | 454/9 | €4,049 | €4,070 | +€20 | +0.5% |
| Other amounts payable | 47/48 | €137 | €202,928 | +€202,791 | +148,445% |
| Accrued charges and deferred income | 492/3 | €737 | €875 | +€138 | +18.7% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €44,595 | €7,053 | -€37,541 | -84.2% |
| Other operating charges | 640/8 | - | €1,589 | +€1,589 | |
| Gross operating margin | 9900 | €141,283 | €130,300 | -€10,983 | -7.8% |
| Operating profit (loss) | 9901 | €96,688 | €121,658 | +€24,970 | +25.8% |
| Financial charges | 65/66B | €9,555 | €15,092 | +€5,537 | +57.9% |
| Recurring financial charges | 65 | €9,555 | €15,092 | +€5,537 | +57.9% |
| Profit (loss) for the period before taxes | 9903 | €87,133 | €106,566 | +€19,433 | +22.3% |
| Income taxes | 67/77 | €17,923 | €22,576 | +€4,653 | +26.0% |
| Profit (loss) for the period | 9904 | €69,210 | €83,990 | +€14,780 | +21.4% |
| Profit (loss) for the period to be appropriated | 9905 | €69,210 | €83,990 | +€14,780 | +21.4% |
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.