Heatcover: 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.
Heatcover
Largest movements
- Cash +€13,905
up €13,905 (+87.8%), from €15,836 to €29,741
mainly Trade debts (+€8,915) and Net result for the year (+€2,316)
- Stocks and contracts -€1,430
down €1,430 (-4.7%), from €30,730 to €29,300
- Receivables within one year -€975
down €975 (-29.8%), from €3,276 to €2,301
of which Trade receivables: -€1,002
- Trade debts +€8,915
up €8,915 (+3,434%), from €260 to €9,175
- Profit (loss) carried forward +€2,316
up €2,316 (+57.3%), from €4,045 to €6,361
- Gross operating margin -€2,669
down €2,669 (-37.3%), from €7,153 to €4,484
- Taxes -€391
down €391 (-31.7%), from €1,235 to €843
- Depreciation -€109
down €109 (-14.2%), from €768 to €659
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 | €51,606 | €62,446 | +€10,840 | +21.0% |
| Fixed assets | 21/28 | €1,764 | €1,105 | -€659 | -37.4% |
| Intangible fixed assets | 21 | €1,705 | €1,105 | -€600 | -35.2% |
| Tangible fixed assets | 22/27 | €59 | €0 | -€59 | -100% |
| Plant, machinery and equipment | 23 | €59 | €0 | -€59 | -100% |
| Current assets | 29/58 | €49,842 | €61,341 | +€11,499 | +23.1% |
| Stocks and contracts in progress | 3 | €30,730 | €29,300 | -€1,430 | -4.7% |
| Stocks | 30/36 | €30,730 | €29,300 | -€1,430 | -4.7% |
| Amounts receivable within one year | 40/41 | €3,276 | €2,301 | -€975 | -29.8% |
| Trade receivables | 40 | €3,231 | €2,229 | -€1,002 | -31.0% |
| Other amounts receivable | 41 | €45 | €72 | +€27 | +59.7% |
| Cash at bank and in hand | 54/58 | €15,836 | €29,741 | +€13,905 | +87.8% |
| Total equity and liabilities | 10/49 | €51,606 | €62,446 | +€10,840 | +21.0% |
| Equity | 10/15 | €20,419 | €22,735 | +€2,316 | +11.3% |
| Contributions | 10/11 | €15,089 | €15,089 | = | 0.0% |
| Reserves | 13 | €1,285 | €1,285 | = | 0.0% |
| Non-distributable reserves | 130/1 | €9 | €9 | = | 0.0% |
| Reserves not available under the articles | 1311 | €8 | €8 | = | 0.0% |
| Other | 1319 | €1 | €1 | = | 0.0% |
| Distributable reserves | 133 | €1,276 | €1,276 | = | 0.0% |
| Profit (loss) carried forward | 14 | €4,045 | €6,361 | +€2,316 | +57.3% |
| Amounts payable | 17/49 | €31,187 | €39,711 | +€8,524 | +27.3% |
| Amounts payable within one year | 42/48 | €31,187 | €39,711 | +€8,524 | +27.3% |
| Trade debts | 44 | €260 | €9,175 | +€8,915 | +3,434% |
| Suppliers | 440/4 | €260 | €9,175 | +€8,915 | +3,434% |
| Taxes, remuneration and social security | 45 | €1,235 | €843 | -€391 | -31.7% |
| Taxes | 450/3 | €1,235 | €843 | -€391 | -31.7% |
| Other amounts payable | 47/48 | €29,693 | €29,693 | = | 0.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €768 | €659 | -€109 | -14.2% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | €0 | - | = | |
| Other operating charges | 640/8 | €603 | €619 | +€16 | +2.7% |
| Gross operating margin | 9900 | €7,153 | €4,484 | -€2,669 | -37.3% |
| Operating profit (loss) | 9901 | €5,782 | €3,206 | -€2,576 | -44.6% |
| Financial income | 75/76B | €0 | €0 | -€0 | -100% |
| Recurring financial income | 75 | €0 | €0 | -€0 | -100% |
| Financial charges | 65/66B | €55 | €46 | -€8 | -15.0% |
| Recurring financial charges | 65 | €55 | €46 | -€8 | -15.0% |
| Profit (loss) for the period before taxes | 9903 | €5,727 | €3,160 | -€2,568 | -44.8% |
| Income taxes | 67/77 | €1,235 | €843 | -€391 | -31.7% |
| Profit (loss) for the period | 9904 | €4,493 | €2,316 | -€2,176 | -48.4% |
| Profit (loss) for the period to be appropriated | 9905 | €4,493 | €2,316 | -€2,176 | -48.4% |
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 21 October 2026 via checked.be.