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 +€24,106
up €24,106 (+98.5%), from €24,473 to €48,579
mainly Net result for the year (+€23,744) and Depreciation (+€5,176)
- Tangible fixed assets -€5,176
down €5,176 (-50.0%), from €10,343 to €5,167
of which Furniture and vehicles: -€4,437
- Receivables within one year -€4,607
down €4,607 (-14.4%), from €32,096 to €27,489
of which Trade receivables: -€6,256
- Stocks and contracts -€4,372
down €4,372 (-17.6%), from €24,822 to €20,450
- Profit (loss) carried forward +€22,911
up €22,911 (+41.3%), from €55,494 to €78,405
- Other debts -€9,761
down €9,761 (-33.7%), from €29,007 to €19,246
- Tax, wage and social debts -€3,581
down €3,581 (-93.5%), from €3,831 to €250
of which Remuneration and social security: -€2,131
- Gross operating margin -€7,739
down €7,739 (-16.3%), from €47,626 to €39,887
- Financial income +€1,025
up €1,025 (+320409.4%), from €0 to €1,026
- Depreciation -€943
down €943 (-15.4%), from €6,118 to €5,176
- Taxes -€604
down €604 (-7.0%), from €8,641 to €8,037
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 | €94,507 | €104,822 | +€10,315 | +10.9% |
| Fixed assets | 21/28 | €10,343 | €5,167 | -€5,176 | -50.0% |
| Tangible fixed assets | 22/27 | €10,343 | €5,167 | -€5,176 | -50.0% |
| Plant, machinery and equipment | 23 | €5,343 | €4,604 | -€739 | -13.8% |
| Furniture and vehicles | 24 | €5,000 | €563 | -€4,437 | -88.7% |
| Current assets | 29/58 | €84,164 | €99,655 | +€15,491 | +18.4% |
| Stocks and contracts in progress | 3 | €24,822 | €20,450 | -€4,372 | -17.6% |
| Contracts in progress | 37 | €24,822 | €20,450 | -€4,372 | -17.6% |
| Amounts receivable within one year | 40/41 | €32,096 | €27,489 | -€4,607 | -14.4% |
| Trade receivables | 40 | €25,650 | €19,394 | -€6,256 | -24.4% |
| Other amounts receivable | 41 | €6,446 | €8,094 | +€1,648 | +25.6% |
| Cash at bank and in hand | 54/58 | €24,473 | €48,579 | +€24,106 | +98.5% |
| Deferred charges and accrued income | 490/1 | €2,774 | €3,138 | +€364 | +13.1% |
| Total equity and liabilities | 10/49 | €94,507 | €104,822 | +€10,315 | +10.9% |
| Equity | 10/15 | €57,994 | €80,905 | +€22,911 | +39.5% |
| Contributions | 10/11 | €2,500 | €2,500 | = | 0.0% |
| Profit (loss) carried forward | 14 | €55,494 | €78,405 | +€22,911 | +41.3% |
| Amounts payable | 17/49 | €36,513 | €23,917 | -€12,595 | -34.5% |
| Amounts payable within one year | 42/48 | €35,263 | €22,667 | -€12,595 | -35.7% |
| Financial debts | 43 | €219 | €134 | -€85 | -38.7% |
| Credit institutions | 430/8 | €219 | €134 | -€85 | -38.7% |
| Trade debts | 44 | €2,206 | €3,038 | +€832 | +37.7% |
| Suppliers | 440/4 | €2,206 | €3,038 | +€832 | +37.7% |
| Taxes, remuneration and social security | 45 | €3,831 | €250 | -€3,581 | -93.5% |
| Taxes | 450/3 | €1,700 | €250 | -€1,450 | -85.3% |
| Remuneration and social security | 454/9 | €2,131 | €0 | -€2,131 | -100.0% |
| Other amounts payable | 47/48 | €29,007 | €19,246 | -€9,761 | -33.7% |
| Accrued charges and deferred income | 492/3 | €1,250 | €1,250 | = | 0.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €6,118 | €5,176 | -€943 | -15.4% |
| Other operating charges | 640/8 | €1,744 | €1,560 | -€184 | -10.6% |
| Gross operating margin | 9900 | €47,626 | €39,887 | -€7,739 | -16.3% |
| Operating profit (loss) | 9901 | €39,764 | €33,151 | -€6,612 | -16.6% |
| Financial income | 75/76B | €0 | €1,026 | +€1,025 | +320409.4% |
| Recurring financial income | 75 | €0 | €1,026 | +€1,025 | +320409.4% |
| Financial charges | 65/66B | €2,175 | €2,397 | +€221 | +10.2% |
| Recurring financial charges | 65 | €2,175 | €2,397 | +€221 | +10.2% |
| Profit (loss) for the period before taxes | 9903 | €37,589 | €31,780 | -€5,808 | -15.5% |
| Income taxes | 67/77 | €8,641 | €8,037 | -€604 | -7.0% |
| Profit (loss) for the period | 9904 | €28,948 | €23,744 | -€5,204 | -18.0% |
| Profit (loss) for the period to be appropriated | 9905 | €28,948 | €23,744 | -€5,204 | -18.0% |
Source: filed annual accounts (NBB), fiscal years ended 30 June 2024 and 30 June 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 5 October 2026 via checked.be.