HEAVENTECH: 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.
HEAVENTECH
Largest movements
- Financial fixed assets +€3.0m
up €3.0m (+746,250%), from €400 to €3.0m
- Cash -€146,326
down €146,326 (-87.7%), from €166,792 to €20,467
mainly Investment in fixed assets (net) (-€3.1m) and Net result for the year (-€1.1m)
- Receivables within one year -€140,869
down €140,869 (-40.4%), from €348,771 to €207,902
of which Trade receivables: -€153,656
- Contributions +€3.1m
up €3.1m (+754%), from €408,033 to €3.5m
- Profit (loss) carried forward -€1.1m
down €1.1m (-267%), from -€429,733 to -€1.6m
- Current portion of long-term debt +€519,998
new in 2025: €519,998
- Accrued charges and deferred income +€456,707
up €456,707 (+6,920%), from €6,600 to €463,307
- Other debts -€260,620
down €260,620 (-80.3%), from €324,548 to €63,928
- Gross operating margin -€702,507
down €702,507, from €615,731 to -€86,776
- Staff costs +€361,934
up €361,934 (+78.6%), from €460,309 to €822,243
- Financial charges +€59,249
up €59,249 (+269%), from €22,051 to €81,300
- Depreciation +€59,049
up €59,049 (+72.2%), from €81,821 to €140,869
- Taxes -€8,622
down €8,622 (-96.0%), from €8,978 to €356
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 | €898,050 | €3,579,250 | +€2.7m | +299% |
| Fixed assets | 21/28 | €376,536 | €3,348,793 | +€3.0m | +789% |
| Intangible fixed assets | 21 | €369,018 | €360,580 | -€8,438 | -2.3% |
| Tangible fixed assets | 22/27 | €7,118 | €2,813 | -€4,304 | -60.5% |
| Furniture and vehicles | 24 | €7,118 | €2,813 | -€4,304 | -60.5% |
| Financial fixed assets | 28 | €400 | €2,985,400 | +€3.0m | +746,250% |
| Current assets | 29/58 | €521,515 | €230,457 | -€291,058 | -55.8% |
| Amounts receivable within one year | 40/41 | €348,771 | €207,902 | -€140,869 | -40.4% |
| Trade receivables | 40 | €330,753 | €177,096 | -€153,656 | -46.5% |
| Other amounts receivable | 41 | €18,019 | €30,806 | +€12,787 | +71.0% |
| Cash at bank and in hand | 54/58 | €166,792 | €20,467 | -€146,326 | -87.7% |
| Deferred charges and accrued income | 490/1 | €5,951 | €2,088 | -€3,863 | -64.9% |
| Total equity and liabilities | 10/49 | €898,050 | €3,579,250 | +€2.7m | +299% |
| Equity | 10/15 | -€21,699 | €1,906,417 | +€1.9m | |
| Contributions | 10/11 | €408,033 | €3,483,033 | +€3.1m | +754% |
| Capital | 10 | €408,033 | €3,483,033 | +€3.1m | +754% |
| Issued capital | 100 | €408,033 | €3,483,033 | +€3.1m | +754% |
| Profit (loss) carried forward | 14 | -€429,733 | -€1,576,616 | -€1.1m | -267% |
| Amounts payable | 17/49 | €919,750 | €1,672,833 | +€753,083 | +81.9% |
| Amounts payable after more than one year | 17 | €401,000 | €319,402 | -€81,598 | -20.3% |
| Financial debts | 170/4 | €400,000 | €318,402 | -€81,598 | -20.4% |
| Other amounts payable | 178/9 | €1,000 | €1,000 | = | 0.0% |
| Amounts payable within one year | 42/48 | €512,150 | €890,124 | +€377,974 | +73.8% |
| Current portion of amounts payable after more than one year | 42 | - | €519,998 | +€519,998 | |
| Trade debts | 44 | €136,075 | €215,666 | +€79,592 | +58.5% |
| Suppliers | 440/4 | €136,075 | €215,666 | +€79,592 | +58.5% |
| Advances received on contracts in progress | 46 | €453 | €10,917 | +€10,464 | +2,310% |
| Taxes, remuneration and social security | 45 | €51,074 | €79,615 | +€28,541 | +55.9% |
| Taxes | 450/3 | €11,592 | €10,589 | -€1,003 | -8.7% |
| Remuneration and social security | 454/9 | €39,482 | €69,026 | +€29,544 | +74.8% |
| Other amounts payable | 47/48 | €324,548 | €63,928 | -€260,620 | -80.3% |
| Accrued charges and deferred income | 492/3 | €6,600 | €463,307 | +€456,707 | +6,920% |
| Remuneration, social security and pensions | 62 | €460,309 | €822,243 | +€361,934 | +78.6% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €81,821 | €140,869 | +€59,049 | +72.2% |
| Other operating charges | 640/8 | €15,242 | €15,895 | +€653 | +4.3% |
| Non-recurring operating charges | 66A | - | €1,223 | +€1,223 | |
| Gross operating margin | 9900 | €615,731 | -€86,776 | -€702,507 | |
| Operating profit (loss) | 9901 | €58,360 | -€1,067,006 | -€1.1m | |
| Financial income | 75/76B | €695 | €1,778 | +€1,084 | +156% |
| Recurring financial income | 75 | €695 | €1,778 | +€1,084 | +156% |
| Financial charges | 65/66B | €22,051 | €81,300 | +€59,249 | +269% |
| Recurring financial charges | 65 | €22,051 | €81,300 | +€59,249 | +269% |
| Profit (loss) for the period before taxes | 9903 | €37,004 | -€1,146,528 | -€1.2m | |
| Income taxes | 67/77 | €8,978 | €356 | -€8,622 | -96.0% |
| Profit (loss) for the period | 9904 | €28,026 | -€1,146,883 | -€1.2m | |
| Profit (loss) for the period to be appropriated | 9905 | €28,026 | -€1,146,883 | -€1.2m |
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 20 October 2026 via checked.be.