Heem: 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.
Heem
Largest movements
- Cash -€233,233
down €233,233 (-14.1%), from €1.6m to €1.4m
mainly Investment in fixed assets (net) (-€231,948) and Debts after one year (-€140,000)
- Tangible fixed assets +€168,399
up €168,399 (+38.3%), from €439,595 to €607,994
of which Land and buildings: +€179,037
- Receivables within one year +€35,215
up €35,215 (+11.5%), from €305,499 to €340,714
of which Trade receivables: +€28,387
- Debts within one year +€291,236
up €291,236 (+92.2%), from €315,929 to €607,165
of which Trade debts: +€159,466
- Debts after one year -€140,000
down €140,000 (-50.0%), from €280,000 to €140,000
- Accrued charges and deferred income -€103,751
down €103,751 (-55.0%), from €188,569 to €84,818
- Profit (loss) carried forward -€57,009
down €57,009 (-9.9%), from €577,012 to €520,003
- Purchases and services +€573,085
new in 2025: €573,085
- Staff costs +€185,662
up €185,662 (+7.8%), from €2.4m to €2.6m
- Other operating charges +€64,633
up €64,633 (+714.4%), from €9,047 to €73,680
- Financial income -€30,157
down €30,157 (-100.0%), from €30,157 to €0
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 | €2,393,831 | €2,384,308 | -€9,523 | -0.4% |
| Fixed assets | 21/28 | €439,595 | €607,994 | +€168,399 | +38.3% |
| Tangible fixed assets | 22/27 | €439,595 | €607,994 | +€168,399 | +38.3% |
| Land and buildings | 22 | €350,811 | €529,848 | +€179,037 | +51.0% |
| Plant, machinery and equipment | 23 | €57,052 | €50,745 | -€6,307 | -11.1% |
| Furniture and vehicles | 24 | €31,733 | €27,401 | -€4,332 | -13.7% |
| Current assets | 29/58 | €1,954,235 | €1,776,313 | -€177,922 | -9.1% |
| Amounts receivable within one year | 40/41 | €305,499 | €340,714 | +€35,215 | +11.5% |
| Trade receivables | 40 | - | €28,387 | +€28,387 | |
| Other amounts receivable | 41 | €305,499 | €312,327 | +€6,828 | +2.2% |
| Cash at bank and in hand | 54/58 | €1,648,683 | €1,415,450 | -€233,233 | -14.1% |
| Deferred charges and accrued income | 490/1 | €53 | €20,150 | +€20,096 | +37647.8% |
| Total equity and liabilities | 10/49 | €2,393,831 | €2,384,308 | -€9,523 | -0.4% |
| Equity | 10/15 | €1,609,333 | €1,552,324 | -€57,009 | -3.5% |
| Reserves | 13 | €1,032,321 | €1,032,321 | = | 0.0% |
| Profit (loss) carried forward | 14 | €577,012 | €520,003 | -€57,009 | -9.9% |
| Amounts payable | 17/49 | €784,498 | €831,983 | +€47,485 | +6.1% |
| Amounts payable after more than one year | 17 | €280,000 | €140,000 | -€140,000 | -50.0% |
| Other amounts payable | 178/9 | €280,000 | €140,000 | -€140,000 | -50.0% |
| Amounts payable within one year | 42/48 | €315,929 | €607,165 | +€291,236 | +92.2% |
| Trade debts | 44 | €101,847 | €261,312 | +€159,466 | +156.6% |
| Suppliers | 440/4 | €101,847 | €261,312 | +€159,466 | +156.6% |
| Taxes, remuneration and social security | 45 | €214,082 | €341,218 | +€127,136 | +59.4% |
| Taxes | 450/3 | - | €183,462 | +€183,462 | |
| Remuneration and social security | 454/9 | €214,082 | €157,756 | -€56,326 | -26.3% |
| Accrued charges and deferred income | 492/3 | €188,569 | €84,818 | -€103,751 | -55.0% |
| Turnover | 70 | - | €19,909 | +€19,909 | |
| Non-recurring operating income | 76A | - | €98 | +€98 | |
| Goods, raw materials, services and sundry goods | 60/61 | - | €573,085 | +€573,085 | |
| Remuneration, social security and pensions | 62 | €2,380,538 | €2,566,200 | +€185,662 | +7.8% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €69,480 | €63,549 | -€5,930 | -8.5% |
| Other operating charges | 640/8 | €9,047 | €73,680 | +€64,633 | +714.4% |
| Non-recurring operating charges | 66A | - | €4,609 | +€4,609 | |
| Gross operating margin | 9900 | €2,672,302 | €2,653,093 | -€19,209 | -0.7% |
| Operating profit (loss) | 9901 | €213,237 | -€54,946 | -€268,183 | |
| Financial income | 75/76B | €30,157 | €0 | -€30,157 | -100.0% |
| Recurring financial income | 75 | €30,157 | €0 | -€30,157 | -100.0% |
| Financial charges | 65/66B | €311 | €2,063 | +€1,752 | +562.7% |
| Recurring financial charges | 65 | €304 | €263 | -€41 | -13.4% |
| Non-recurring financial charges | 66B | €8 | €1,800 | +€1,792 | +23522.0% |
| Profit (loss) for the period before taxes | 9903 | €243,083 | -€57,009 | -€300,092 | |
| Profit (loss) for the period | 9904 | €243,083 | -€57,009 | -€300,092 | |
| Profit (loss) for the period to be appropriated | 9905 | €243,083 | -€57,009 | -€300,092 |
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 5 October 2026 via checked.be.