HEEDEEWEE: 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.
HEEDEEWEE
Largest movements
- Cash +€55,695
up €55,695 (+1743.5%), from €3,194 to €58,889
mainly Net result for the year (+€41,431) and Tax, wage and social debts (+€16,843)
- Tangible fixed assets -€8,613
down €8,613 (-17.4%), from €49,482 to €40,870
- Receivables within one year -€7,042
down €7,042 (-38.0%), from €18,537 to €11,495
of which Trade receivables: -€6,655
- Reserves +€40,768
up €40,768 (+291.1%), from €14,004 to €54,772
- Tax, wage and social debts +€16,843
up €16,843 (+934.6%), from €1,802 to €18,645
- Debts after one year -€8,386
down €8,386 (-25.5%), from €32,846 to €24,461
- Other debts -€7,064
down €7,064 (-73.0%), from €9,678 to €2,615
- Trade debts -€2,335
down €2,335 (-71.7%), from €3,256 to €921
- Gross operating margin +€43,518
up €43,518 (+204.6%), from €21,268 to €64,786
- Depreciation +€8,596
up €8,596 (+369.1%), from €2,329 to €10,925
- Taxes +€7,235
up €7,235 (+186.5%), from €3,879 to €11,115
- Financial charges +€839
up €839 (+236.2%), from €355 to €1,195
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 | €71,214 | €111,299 | +€40,085 | +56.3% |
| Fixed assets | 21/28 | €49,482 | €40,870 | -€8,613 | -17.4% |
| Tangible fixed assets | 22/27 | €49,482 | €40,870 | -€8,613 | -17.4% |
| Furniture and vehicles | 24 | €49,482 | €40,870 | -€8,613 | -17.4% |
| Current assets | 29/58 | €21,732 | €70,430 | +€48,698 | +224.1% |
| Amounts receivable within one year | 40/41 | €18,537 | €11,495 | -€7,042 | -38.0% |
| Trade receivables | 40 | €18,150 | €11,495 | -€6,655 | -36.7% |
| Other amounts receivable | 41 | €387 | €0 | -€387 | -100.0% |
| Cash at bank and in hand | 54/58 | €3,194 | €58,889 | +€55,695 | +1743.5% |
| Deferred charges and accrued income | 490/1 | - | €46 | +€46 | |
| Total equity and liabilities | 10/49 | €71,214 | €111,299 | +€40,085 | +56.3% |
| Equity | 10/15 | €15,504 | €56,272 | +€40,768 | +263.0% |
| Contributions | 10/11 | €1,500 | €1,500 | = | 0.0% |
| Reserves | 13 | €14,004 | €54,772 | +€40,768 | +291.1% |
| Distributable reserves | 133 | €14,004 | €54,772 | +€40,768 | +291.1% |
| Profit (loss) carried forward | 14 | - | €0 | = | |
| Amounts payable | 17/49 | €55,710 | €55,027 | -€683 | -1.2% |
| Amounts payable after more than one year | 17 | €32,846 | €24,461 | -€8,386 | -25.5% |
| Financial debts | 170/4 | €32,846 | €24,461 | -€8,386 | -25.5% |
| Amounts payable within one year | 42/48 | €22,864 | €30,566 | +€7,702 | +33.7% |
| Current portion of amounts payable after more than one year | 42 | €8,127 | €8,386 | +€258 | +3.2% |
| Trade debts | 44 | €3,256 | €921 | -€2,335 | -71.7% |
| Suppliers | 440/4 | €3,256 | €921 | -€2,335 | -71.7% |
| Taxes, remuneration and social security | 45 | €1,802 | €18,645 | +€16,843 | +934.6% |
| Taxes | 450/3 | €1,802 | €18,645 | +€16,843 | +934.6% |
| Other amounts payable | 47/48 | €9,678 | €2,615 | -€7,064 | -73.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €2,329 | €10,925 | +€8,596 | +369.1% |
| Other operating charges | 640/8 | - | €120 | +€120 | |
| Gross operating margin | 9900 | €21,268 | €64,786 | +€43,518 | +204.6% |
| Operating profit (loss) | 9901 | €18,938 | €53,741 | +€34,802 | +183.8% |
| Financial income | 75/76B | €0 | €0 | -€0 | -100.0% |
| Recurring financial income | 75 | €0 | €0 | -€0 | -100.0% |
| Financial charges | 65/66B | €355 | €1,195 | +€839 | +236.2% |
| Recurring financial charges | 65 | €355 | €1,195 | +€839 | +236.2% |
| Profit (loss) for the period before taxes | 9903 | €18,583 | €52,546 | +€33,963 | +182.8% |
| Income taxes | 67/77 | €3,879 | €11,115 | +€7,235 | +186.5% |
| Profit (loss) for the period | 9904 | €14,704 | €41,431 | +€26,727 | +181.8% |
| Profit (loss) for the period to be appropriated | 9905 | €14,704 | €41,431 | +€26,727 | +181.8% |
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 11 October 2026 via checked.be.