HEEMBOS: 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.
HEEMBOS
Largest movements
- Tangible fixed assets +€863,766
up €863,766 (+53.0%), from €1.6m to €2.5m
of which Land and buildings: +€864,264
- Current investments -€355,559
down €355,559 (-32.4%), from €1.1m to €742,943
- Debts after one year +€398,519
up €398,519 (+97.7%), from €407,771 to €806,290
- Reserves +€72,646
up €72,646 (+4.2%), from €1.7m to €1.8m
of which Distributable reserves: +€105,456
- Current portion of long-term debt +€43,663
up €43,663 (+111.2%), from €39,265 to €82,928
- Gross operating margin -€1.3m
down €1.3m (-88.3%), from €1.5m to €175,681
- Financial income +€63,537
up €63,537 (+750.1%), from €8,471 to €72,008
- Depreciation +€19,221
up €19,221 (+23.8%), from €80,891 to €100,111
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 | €2,775,569 | €3,276,973 | +€501,404 | +18.1% |
| Fixed assets | 21/28 | €1,631,166 | €2,494,931 | +€863,766 | +53.0% |
| Tangible fixed assets | 22/27 | €1,631,066 | €2,494,831 | +€863,766 | +53.0% |
| Land and buildings | 22 | €1,630,567 | €2,494,831 | +€864,264 | +53.0% |
| Plant, machinery and equipment | 23 | €499 | - | -€499 | |
| Financial fixed assets | 28 | €100 | €100 | = | 0.0% |
| Current assets | 29/58 | €1,144,403 | €782,041 | -€362,362 | -31.7% |
| Current investments | 50/53 | €1,098,501 | €742,943 | -€355,559 | -32.4% |
| Cash at bank and in hand | 54/58 | €43,716 | €35,556 | -€8,160 | -18.7% |
| Deferred charges and accrued income | 490/1 | €2,186 | €3,543 | +€1,357 | +62.1% |
| Total equity and liabilities | 10/49 | €2,775,569 | €3,276,973 | +€501,404 | +18.1% |
| Equity | 10/15 | €1,842,796 | €1,915,442 | +€72,646 | +3.9% |
| Contributions | 10/11 | €124,000 | €124,000 | = | 0.0% |
| Capital | 10 | €124,000 | €124,000 | = | 0.0% |
| Issued capital | 100 | €124,000 | €124,000 | = | 0.0% |
| Reserves | 13 | €1,718,796 | €1,791,442 | +€72,646 | +4.2% |
| Non-distributable reserves | 130/1 | €12,400 | €12,400 | = | 0.0% |
| Legal reserve | 130 | €12,400 | €12,400 | = | 0.0% |
| Tax-exempt reserves | 132 | €1,197,420 | €1,164,610 | -€32,810 | -2.7% |
| Distributable reserves | 133 | €508,976 | €614,432 | +€105,456 | +20.7% |
| Provisions and deferred taxes | 16 | €451,566 | €440,629 | -€10,937 | -2.4% |
| Deferred taxes | 168 | €451,566 | €440,629 | -€10,937 | -2.4% |
| Amounts payable | 17/49 | €481,207 | €920,902 | +€439,695 | +91.4% |
| Amounts payable after more than one year | 17 | €407,771 | €806,290 | +€398,519 | +97.7% |
| Financial debts | 170/4 | €407,771 | €806,290 | +€398,519 | +97.7% |
| Amounts payable within one year | 42/48 | €73,436 | €114,612 | +€41,176 | +56.1% |
| Current portion of amounts payable after more than one year | 42 | €39,265 | €82,928 | +€43,663 | +111.2% |
| Trade debts | 44 | €2,061 | €1,657 | -€404 | -19.6% |
| Suppliers | 440/4 | €2,061 | €1,657 | -€404 | -19.6% |
| Taxes, remuneration and social security | 45 | €12,066 | €18,216 | +€6,150 | +51.0% |
| Taxes | 450/3 | €12,066 | €18,216 | +€6,150 | +51.0% |
| Other amounts payable | 47/48 | €20,044 | €11,811 | -€8,234 | -41.1% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €80,891 | €100,111 | +€19,221 | +23.8% |
| Other operating charges | 640/8 | €24,119 | €25,273 | +€1,153 | +4.8% |
| Gross operating margin | 9900 | €1,507,913 | €175,681 | -€1.3m | -88.3% |
| Operating profit (loss) | 9901 | €1,402,903 | €50,297 | -€1.4m | -96.4% |
| Financial income | 75/76B | €8,471 | €72,008 | +€63,537 | +750.1% |
| Recurring financial income | 75 | €8,471 | €72,008 | +€63,537 | +750.1% |
| Financial charges | 65/66B | €19,973 | €17,223 | -€2,750 | -13.8% |
| Recurring financial charges | 65 | €19,973 | €17,223 | -€2,750 | -13.8% |
| Profit (loss) for the period before taxes | 9903 | €1,391,401 | €105,082 | -€1.3m | -92.4% |
| Transfer from deferred taxes | 780 | €9,264 | €10,937 | +€1,673 | +18.1% |
| Transfer to deferred taxes | 680 | €334,067 | - | -€334,067 | |
| Income taxes | 67/77 | €29,636 | €43,373 | +€13,737 | +46.4% |
| Profit (loss) for the period | 9904 | €1,036,962 | €72,646 | -€964,316 | -93.0% |
| Transfer from tax-exempt reserves | 789 | €27,791 | €32,810 | +€5,019 | +18.1% |
| Transfer to tax-exempt reserves | 689 | €1,002,200 | - | -€1.0m | |
| Profit (loss) for the period to be appropriated | 9905 | €62,553 | €105,456 | +€42,903 | +68.6% |
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 4 October 2026 via checked.be.