Heemaccount: 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.
Heemaccount
Largest movements
- Cash +€40,006
up €40,006 (+8.2%), from €485,580 to €525,586
mainly Receivables within one year (+€39,495) and Tax, wage and social debts (+€38,641)
- Receivables within one year -€39,495
down €39,495 (-9.0%), from €437,876 to €398,381
of which Other amounts receivable: -€21,134
- Tangible fixed assets -€29,341
down €29,341 (-19.2%), from €153,050 to €123,709
of which Other tangible fixed assets: -€23,422
- Trade debts -€91,953
down €91,953 (-17.7%), from €518,088 to €426,135
- Tax, wage and social debts +€38,641
up €38,641 (+143%), from €27,112 to €65,753
of which Taxes: +€28,955
- Reserves +€25,467
up €25,467 (+7.0%), from €364,646 to €390,113
- Gross operating margin +€69,780
up €69,780 (+31.7%), from €220,209 to €289,989
- Staff costs +€61,841
up €61,841 (+36.7%), from €168,346 to €230,187
- Write-downs +€5,284
up €5,284 (+29.9%), from -€17,670 to -€12,386
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 | €1,079,716 | €1,052,083 | -€27,633 | -2.6% |
| Fixed assets | 21/28 | €153,050 | €123,709 | -€29,341 | -19.2% |
| Tangible fixed assets | 22/27 | €153,050 | €123,709 | -€29,341 | -19.2% |
| Plant, machinery and equipment | 23 | €11,678 | €8,958 | -€2,720 | -23.3% |
| Furniture and vehicles | 24 | €3,199 | - | -€3,199 | |
| Other tangible fixed assets | 26 | €138,173 | €114,751 | -€23,422 | -17.0% |
| Current assets | 29/58 | €926,666 | €928,374 | +€1,708 | +0.2% |
| Amounts receivable within one year | 40/41 | €437,876 | €398,381 | -€39,495 | -9.0% |
| Trade receivables | 40 | €409,932 | €391,571 | -€18,361 | -4.5% |
| Other amounts receivable | 41 | €27,944 | €6,810 | -€21,134 | -75.6% |
| Cash at bank and in hand | 54/58 | €485,580 | €525,586 | +€40,006 | +8.2% |
| Deferred charges and accrued income | 490/1 | €3,210 | €4,407 | +€1,197 | +37.3% |
| Total equity and liabilities | 10/49 | €1,079,716 | €1,052,083 | -€27,633 | -2.6% |
| Equity | 10/15 | €383,246 | €408,713 | +€25,467 | +6.6% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €364,646 | €390,113 | +€25,467 | +7.0% |
| Distributable reserves | 133 | €364,646 | €390,113 | +€25,467 | +7.0% |
| Amounts payable | 17/49 | €696,470 | €643,370 | -€53,100 | -7.6% |
| Amounts payable within one year | 42/48 | €696,470 | €643,370 | -€53,100 | -7.6% |
| Financial debts | 43 | €150,000 | €150,000 | = | 0.0% |
| Other loans | 439 | €150,000 | €150,000 | = | 0.0% |
| Trade debts | 44 | €518,088 | €426,135 | -€91,953 | -17.7% |
| Suppliers | 440/4 | €518,088 | €426,135 | -€91,953 | -17.7% |
| Taxes, remuneration and social security | 45 | €27,112 | €65,753 | +€38,641 | +143% |
| Taxes | 450/3 | €5,183 | €34,138 | +€28,955 | +559% |
| Remuneration and social security | 454/9 | €21,929 | €31,615 | +€9,686 | +44.2% |
| Other amounts payable | 47/48 | €1,270 | €1,482 | +€212 | +16.7% |
| Remuneration, social security and pensions | 62 | €168,346 | €230,187 | +€61,841 | +36.7% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €29,752 | €29,341 | -€411 | -1.4% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | -€17,670 | -€12,386 | +€5,284 | +29.9% |
| Other operating charges | 640/8 | €616 | €1,126 | +€510 | +82.8% |
| Gross operating margin | 9900 | €220,209 | €289,989 | +€69,780 | +31.7% |
| Operating profit (loss) | 9901 | €39,165 | €41,721 | +€2,556 | +6.5% |
| Financial income | 75/76B | €2,438 | €144 | -€2,294 | -94.1% |
| Recurring financial income | 75 | €2,438 | €144 | -€2,294 | -94.1% |
| Financial charges | 65/66B | €4,938 | €5,100 | +€162 | +3.3% |
| Recurring financial charges | 65 | €4,938 | €5,100 | +€162 | +3.3% |
| Profit (loss) for the period before taxes | 9903 | €36,665 | €36,765 | +€100 | +0.3% |
| Income taxes | 67/77 | €10,855 | €11,297 | +€442 | +4.1% |
| Profit (loss) for the period | 9904 | €25,810 | €25,468 | -€342 | -1.3% |
| Profit (loss) for the period to be appropriated | 9905 | €25,810 | €25,468 | -€342 | -1.3% |
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 23 October 2026 via checked.be.