HEAVENAER: 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.
HEAVENAER
Largest movements
- Receivables after one year +€109,527
up €109,527 (+79.2%), from €138,273 to €247,799
- Cash -€97,557
down €97,557 (-33.8%), from €288,921 to €191,364
mainly Receivables after one year (-€109,527) and Trade debts (-€66,840)
- Reserves +€116,636
up €116,636 (+40.6%), from €287,417 to €404,053
- Trade debts -€66,840
down €66,840 (-92.9%), from €71,919 to €5,079
- Tax, wage and social debts -€44,482
down €44,482 (-75.3%), from €59,106 to €14,625
- Gross operating margin +€64,468
up €64,468 (+72.6%), from €88,769 to €153,237
- Taxes +€11,205
up €11,205 (+36.6%), from €30,597 to €41,802
- Financial income +€4,857
up €4,857 (+211%), from €2,300 to €7,156
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 | €1,771,947 | €1,777,598 | +€5,651 | +0.3% |
| Fixed assets | 21/28 | €1,225,000 | €1,225,000 | = | 0.0% |
| Financial fixed assets | 28 | €1,225,000 | €1,225,000 | = | 0.0% |
| Current assets | 29/58 | €546,947 | €552,598 | +€5,651 | +1.0% |
| Amounts receivable after more than one year | 29 | €138,273 | €247,799 | +€109,527 | +79.2% |
| Other amounts receivable | 291 | €138,273 | €247,799 | +€109,527 | +79.2% |
| Stocks and contracts in progress | 3 | €0 | - | = | |
| Stocks | 30/36 | €0 | - | = | |
| Amounts receivable within one year | 40/41 | €119,754 | €113,434 | -€6,319 | -5.3% |
| Trade receivables | 40 | €85,447 | €1,210 | -€84,237 | -98.6% |
| Other amounts receivable | 41 | €34,307 | €112,224 | +€77,918 | +227% |
| Cash at bank and in hand | 54/58 | €288,921 | €191,364 | -€97,557 | -33.8% |
| Total equity and liabilities | 10/49 | €1,771,947 | €1,777,598 | +€5,651 | +0.3% |
| Equity | 10/15 | €292,417 | €409,053 | +€116,636 | +39.9% |
| Contributions | 10/11 | €5,000 | €5,000 | = | 0.0% |
| Reserves | 13 | €287,417 | €404,053 | +€116,636 | +40.6% |
| Distributable reserves | 133 | €287,417 | €404,053 | +€116,636 | +40.6% |
| Amounts payable | 17/49 | €1,479,530 | €1,368,545 | -€110,985 | -7.5% |
| Amounts payable after more than one year | 17 | €1,234,953 | €1,234,953 | = | 0.0% |
| Financial debts | 170/4 | €1,234,953 | €1,234,953 | = | 0.0% |
| Amounts payable within one year | 42/48 | €244,577 | €133,592 | -€110,985 | -45.4% |
| Financial debts | 43 | €0 | - | = | |
| Credit institutions | 430/8 | €0 | - | = | |
| Trade debts | 44 | €71,919 | €5,079 | -€66,840 | -92.9% |
| Suppliers | 440/4 | €71,919 | €5,079 | -€66,840 | -92.9% |
| Taxes, remuneration and social security | 45 | €59,106 | €14,625 | -€44,482 | -75.3% |
| Taxes | 450/3 | €59,106 | €14,625 | -€44,482 | -75.3% |
| Other amounts payable | 47/48 | €113,551 | €113,888 | +€337 | +0.3% |
| Accrued charges and deferred income | 492/3 | €0 | - | = | |
| Other operating charges | 640/8 | €2,798 | €1,412 | -€1,386 | -49.5% |
| Gross operating margin | 9900 | €88,769 | €153,237 | +€64,468 | +72.6% |
| Operating profit (loss) | 9901 | €85,971 | €151,824 | +€65,854 | +76.6% |
| Financial income | 75/76B | €2,300 | €7,156 | +€4,857 | +211% |
| Recurring financial income | 75 | €2,300 | €7,156 | +€4,857 | +211% |
| Financial charges | 65/66B | €1,017 | €543 | -€474 | -46.6% |
| Recurring financial charges | 65 | €1,017 | €543 | -€474 | -46.6% |
| Profit (loss) for the period before taxes | 9903 | €87,253 | €158,438 | +€71,184 | +81.6% |
| Income taxes | 67/77 | €30,597 | €41,802 | +€11,205 | +36.6% |
| Profit (loss) for the period | 9904 | €56,656 | €116,636 | +€59,980 | +106% |
| Profit (loss) for the period to be appropriated | 9905 | €56,656 | €116,636 | +€59,980 | +106% |
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 24 October 2026 via checked.be.