Heatsink: 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.
Heatsink
Largest movements
- Cash +€83,602
up €83,602 (+103%), from €81,391 to €164,993
mainly Net result for the year (+€80,912) and Tax, wage and social debts (+€21,777)
- Receivables within one year +€14,433
up €14,433 (+64.9%), from €22,233 to €36,666
of which Other amounts receivable: +€13,963
- Tangible fixed assets +€4,392
up €4,392 (+40.1%), from €10,945 to €15,337
of which Furniture and vehicles: +€6,433
- Profit (loss) carried forward +€80,912
up €80,912 (+100.0%), from €80,915 to €161,827
- Tax, wage and social debts +€21,777
up €21,777 (+73.3%), from €29,692 to €51,469
- Gross operating margin +€2,912
up €2,912 (+2.7%), from €105,919 to €108,830
- Depreciation +€1,248
up €1,248 (+67.1%), from €1,861 to €3,108
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 | €114,813 | €217,294 | +€102,481 | +89.3% |
| Fixed assets | 21/28 | €10,945 | €15,337 | +€4,392 | +40.1% |
| Tangible fixed assets | 22/27 | €10,945 | €15,337 | +€4,392 | +40.1% |
| Plant, machinery and equipment | 23 | €5,887 | €3,845 | -€2,042 | -34.7% |
| Furniture and vehicles | 24 | €5,059 | €11,492 | +€6,433 | +127% |
| Current assets | 29/58 | €103,868 | €201,957 | +€98,089 | +94.4% |
| Amounts receivable within one year | 40/41 | €22,233 | €36,666 | +€14,433 | +64.9% |
| Trade receivables | 40 | €12,801 | €13,271 | +€470 | +3.7% |
| Other amounts receivable | 41 | €9,431 | €23,395 | +€13,963 | +148% |
| Cash at bank and in hand | 54/58 | €81,391 | €164,993 | +€83,602 | +103% |
| Deferred charges and accrued income | 490/1 | €244 | €298 | +€54 | +21.9% |
| Total equity and liabilities | 10/49 | €114,813 | €217,294 | +€102,481 | +89.3% |
| Equity | 10/15 | €83,915 | €164,827 | +€80,912 | +96.4% |
| Contributions | 10/11 | €3,000 | €3,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | €80,915 | €161,827 | +€80,912 | +100.0% |
| Amounts payable | 17/49 | €30,898 | €52,467 | +€21,569 | +69.8% |
| Amounts payable within one year | 42/48 | €30,832 | €52,400 | +€21,568 | +70.0% |
| Trade debts | 44 | €1,140 | €931 | -€209 | -18.3% |
| Suppliers | 440/4 | €1,140 | €931 | -€209 | -18.3% |
| Taxes, remuneration and social security | 45 | €29,692 | €51,469 | +€21,777 | +73.3% |
| Taxes | 450/3 | €29,692 | €51,469 | +€21,777 | +73.3% |
| Accrued charges and deferred income | 492/3 | €66 | €67 | +€1 | +2.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €1,861 | €3,108 | +€1,248 | +67.1% |
| Other operating charges | 640/8 | €197 | €275 | +€78 | +39.6% |
| Gross operating margin | 9900 | €105,919 | €108,830 | +€2,912 | +2.7% |
| Operating profit (loss) | 9901 | €103,861 | €105,448 | +€1,586 | +1.5% |
| Financial charges | 65/66B | €1,115 | €1,631 | +€516 | +46.3% |
| Recurring financial charges | 65 | €1,115 | €1,631 | +€516 | +46.3% |
| Profit (loss) for the period before taxes | 9903 | €102,747 | €103,817 | +€1,070 | +1.0% |
| Income taxes | 67/77 | €21,832 | €22,905 | +€1,074 | +4.9% |
| Profit (loss) for the period | 9904 | €80,915 | €80,912 | -€3 | 0.0% |
| Profit (loss) for the period to be appropriated | 9905 | €80,915 | €80,912 | -€3 | 0.0% |
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.