Heave: what changed
Two fiscal 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.
Heave
Largest movements
- Cash -€25,470
down €25,470 (-39.1%), from €65,092 to €39,622
mainly Contributions, distributions and other (-€28,000) and Other debts (-€27,623)
- Tangible fixed assets +€1,626
up €1,626 (+1490.1%), from €109 to €1,735
of which Other tangible fixed assets: +€1,735
- Receivables within one year -€1,428
down €1,428 (-9.5%), from €14,995 to €13,566
of which Trade receivables: -€1,428
- Other debts -€27,623
down €27,623 (-47.4%), from €58,238 to €30,615
- Tax, wage and social debts +€980
up €980 (+17.0%), from €5,770 to €6,749
- Gross operating margin +€4,343
up €4,343 (+11.8%), from €36,865 to €41,208
- Taxes +€2,397
up €2,397 (+31.0%), from €7,737 to €10,134
- Financial charges +€1,161
up €1,161 (+240.2%), from €483 to €1,644
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 | €80,803 | €55,812 | -€24,991 | -30.9% |
| Fixed assets | 21/28 | €109 | €1,735 | +€1,626 | +1490.1% |
| Tangible fixed assets | 22/27 | €109 | €1,735 | +€1,626 | +1490.1% |
| Furniture and vehicles | 24 | €109 | €0 | -€109 | -100.0% |
| Other tangible fixed assets | 26 | - | €1,735 | +€1,735 | |
| Current assets | 29/58 | €80,694 | €54,077 | -€26,617 | -33.0% |
| Amounts receivable within one year | 40/41 | €14,995 | €13,566 | -€1,428 | -9.5% |
| Trade receivables | 40 | €12,731 | €11,303 | -€1,428 | -11.2% |
| Other amounts receivable | 41 | €2,263 | €2,263 | = | 0.0% |
| Cash at bank and in hand | 54/58 | €65,092 | €39,622 | -€25,470 | -39.1% |
| Deferred charges and accrued income | 490/1 | €608 | €889 | +€281 | +46.3% |
| Total equity and liabilities | 10/49 | €80,803 | €55,812 | -€24,991 | -30.9% |
| Equity | 10/15 | €12,819 | €13,479 | +€660 | +5.1% |
| Contributions | 10/11 | €3,000 | €3,000 | = | 0.0% |
| Reserves | 13 | €9,819 | €10,479 | +€660 | +6.7% |
| Distributable reserves | 133 | €9,819 | €10,479 | +€660 | +6.7% |
| Profit (loss) carried forward | 14 | €0 | €0 | = | |
| Amounts payable | 17/49 | €67,985 | €42,333 | -€25,651 | -37.7% |
| Amounts payable within one year | 42/48 | €67,985 | €41,709 | -€26,276 | -38.6% |
| Trade debts | 44 | €3,976 | €4,344 | +€368 | +9.3% |
| Suppliers | 440/4 | €3,976 | €4,344 | +€368 | +9.3% |
| Taxes, remuneration and social security | 45 | €5,770 | €6,749 | +€980 | +17.0% |
| Taxes | 450/3 | €5,770 | €6,749 | +€980 | +17.0% |
| Other amounts payable | 47/48 | €58,238 | €30,615 | -€27,623 | -47.4% |
| Accrued charges and deferred income | 492/3 | - | €625 | +€625 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €327 | €442 | +€115 | +35.1% |
| Other operating charges | 640/8 | €505 | €578 | +€72 | +14.3% |
| Gross operating margin | 9900 | €36,865 | €41,208 | +€4,343 | +11.8% |
| Operating profit (loss) | 9901 | €36,032 | €40,188 | +€4,156 | +11.5% |
| Financial income | 75/76B | €0 | €250 | +€250 | +2497900.0% |
| Recurring financial income | 75 | €0 | €250 | +€250 | +2497900.0% |
| Financial charges | 65/66B | €483 | €1,644 | +€1,161 | +240.2% |
| Recurring financial charges | 65 | €483 | €1,644 | +€1,161 | +240.2% |
| Profit (loss) for the period before taxes | 9903 | €35,549 | €38,794 | +€3,245 | +9.1% |
| Income taxes | 67/77 | €7,737 | €10,134 | +€2,397 | +31.0% |
| Profit (loss) for the period | 9904 | €27,812 | €28,660 | +€848 | +3.0% |
| Profit (loss) for the period to be appropriated | 9905 | €27,812 | €28,660 | +€848 | +3.0% |
Source: filed annual accounts (NBB), fiscal years ended 31 December 2024 and 31 December 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 6 October 2026 via checked.be.