Heass: 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.
Heass
Largest movements
- Tangible fixed assets +€138,709
up €138,709 (+20.2%), from €685,912 to €824,621
of which Other tangible fixed assets: +€149,956
- Other debts +€39,991
up €39,991 (+2464.0%), from €1,623 to €41,613
- Profit (loss) carried forward +€31,993
up €31,993 (+27.6%), from €115,775 to €147,767
- Reserves +€30,000
up €30,000 (+90.9%), from €33,000 to €63,000
- Trade debts +€16,748
up €16,748 (+35.1%), from €47,658 to €64,405
- Debts after one year -€13,025
down €13,025 (-3.4%), from €383,619 to €370,594
- Staff costs -€24,496
down €24,496 (-17.6%), from €139,551 to €115,056
- Gross operating margin +€9,714
up €9,714 (+3.6%), from €270,537 to €280,251
- Depreciation +€7,369
up €7,369 (+11.7%), from €63,184 to €70,553
- Taxes +€3,944
up €3,944 (+24.0%), from €16,409 to €20,353
- Financial charges -€3,381
down €3,381 (-44.4%), from €7,616 to €4,235
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 | €760,732 | €893,299 | +€132,567 | +17.4% |
| Fixed assets | 21/28 | €685,962 | €824,671 | +€138,709 | +20.2% |
| Tangible fixed assets | 22/27 | €685,912 | €824,621 | +€138,709 | +20.2% |
| Land and buildings | 22 | €667,772 | €642,418 | -€25,355 | -3.8% |
| Plant, machinery and equipment | 23 | €13,380 | €11,189 | -€2,191 | -16.4% |
| Furniture and vehicles | 24 | €4,760 | €21,060 | +€16,300 | +342.5% |
| Other tangible fixed assets | 26 | - | €149,956 | +€149,956 | |
| Financial fixed assets | 28 | €50 | €50 | = | 0.0% |
| Current assets | 29/58 | €74,770 | €68,627 | -€6,143 | -8.2% |
| Stocks and contracts in progress | 3 | €17,529 | €18,210 | +€681 | +3.9% |
| Stocks | 30/36 | €17,529 | €18,210 | +€681 | +3.9% |
| Amounts receivable within one year | 40/41 | €10,053 | €1,501 | -€8,552 | -85.1% |
| Trade receivables | 40 | €9,102 | €0 | -€9,102 | -100.0% |
| Other amounts receivable | 41 | €951 | €1,501 | +€550 | +57.9% |
| Cash at bank and in hand | 54/58 | €29,750 | €33,507 | +€3,757 | +12.6% |
| Deferred charges and accrued income | 490/1 | €17,437 | €15,409 | -€2,029 | -11.6% |
| Total equity and liabilities | 10/49 | €760,732 | €893,299 | +€132,567 | +17.4% |
| Equity | 10/15 | €178,775 | €240,767 | +€61,993 | +34.7% |
| Contributions | 10/11 | €30,000 | €30,000 | = | 0.0% |
| Reserves | 13 | €33,000 | €63,000 | +€30,000 | +90.9% |
| Distributable reserves | 133 | €33,000 | €63,000 | +€30,000 | +90.9% |
| Profit (loss) carried forward | 14 | €115,775 | €147,767 | +€31,993 | +27.6% |
| Amounts payable | 17/49 | €581,958 | €652,532 | +€70,574 | +12.1% |
| Amounts payable after more than one year | 17 | €383,619 | €370,594 | -€13,025 | -3.4% |
| Financial debts | 170/4 | €383,619 | €370,594 | -€13,025 | -3.4% |
| Amounts payable within one year | 42/48 | €196,739 | €280,733 | +€83,994 | +42.7% |
| Current portion of amounts payable after more than one year | 42 | €46,715 | €57,089 | +€10,374 | +22.2% |
| Trade debts | 44 | €47,658 | €64,405 | +€16,748 | +35.1% |
| Suppliers | 440/4 | €47,658 | €64,405 | +€16,748 | +35.1% |
| Advances received on contracts in progress | 46 | €57,228 | €61,490 | +€4,262 | +7.4% |
| Taxes, remuneration and social security | 45 | €43,515 | €56,135 | +€12,620 | +29.0% |
| Taxes | 450/3 | €21,656 | €17,992 | -€3,664 | -16.9% |
| Remuneration and social security | 454/9 | €21,860 | €38,144 | +€16,284 | +74.5% |
| Other amounts payable | 47/48 | €1,623 | €41,613 | +€39,991 | +2464.0% |
| Accrued charges and deferred income | 492/3 | €1,600 | €1,204 | -€395 | -24.7% |
| Remuneration, social security and pensions | 62 | €139,551 | €115,056 | -€24,496 | -17.6% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €63,184 | €70,553 | +€7,369 | +11.7% |
| Other operating charges | 640/8 | €5,522 | €6,435 | +€912 | +16.5% |
| Gross operating margin | 9900 | €270,537 | €280,251 | +€9,714 | +3.6% |
| Operating profit (loss) | 9901 | €62,280 | €88,208 | +€25,928 | +41.6% |
| Financial income | 75/76B | €250 | €5 | -€245 | -98.0% |
| Recurring financial income | 75 | €250 | €5 | -€245 | -98.0% |
| Financial charges | 65/66B | €7,616 | €4,235 | -€3,381 | -44.4% |
| Recurring financial charges | 65 | €7,616 | €4,235 | -€3,381 | -44.4% |
| Profit (loss) for the period before taxes | 9903 | €54,914 | €83,978 | +€29,064 | +52.9% |
| Income taxes | 67/77 | €16,409 | €20,353 | +€3,944 | +24.0% |
| Profit (loss) for the period | 9904 | €38,505 | €63,626 | +€25,120 | +65.2% |
| Profit (loss) for the period to be appropriated | 9905 | €38,505 | €63,626 | +€25,120 | +65.2% |
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 10 October 2026 via checked.be.