HEEMFRABRU: 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.
HEEMFRABRU
Largest movements
- Tangible fixed assets -€13,140
down €13,140 (-7.1%), from €184,535 to €171,395
- Debts after one year -€21,306
down €21,306 (-5.8%), from €367,430 to €346,124
- Trade debts -€8,270
down €8,270 (-13.2%), from €62,433 to €54,163
- Reserves +€6,230
up €6,230 (+6.4%), from €96,810 to €103,040
- Gross operating margin +€9,524
up €9,524 (+53.4%), from €17,823 to €27,347
- Financial charges +€3,238
up €3,238 (+137%), from €2,363 to €5,601
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 | €566,351 | €550,049 | -€16,302 | -2.9% |
| Fixed assets | 21/28 | €556,991 | €543,851 | -€13,140 | -2.4% |
| Tangible fixed assets | 22/27 | €184,535 | €171,395 | -€13,140 | -7.1% |
| Land and buildings | 22 | €184,535 | €171,395 | -€13,140 | -7.1% |
| Financial fixed assets | 28 | €372,456 | €372,456 | = | 0.0% |
| Current assets | 29/58 | €9,360 | €6,198 | -€3,162 | -33.8% |
| Cash at bank and in hand | 54/58 | €1,360 | €2,198 | +€838 | +61.7% |
| Deferred charges and accrued income | 490/1 | €8,000 | €4,000 | -€4,000 | -50.0% |
| Total equity and liabilities | 10/49 | €566,351 | €550,049 | -€16,302 | -2.9% |
| Equity | 10/15 | €115,410 | €121,640 | +€6,230 | +5.4% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €96,810 | €103,040 | +€6,230 | +6.4% |
| Distributable reserves | 133 | €96,810 | €103,040 | +€6,230 | +6.4% |
| Amounts payable | 17/49 | €450,941 | €428,409 | -€22,531 | -5.0% |
| Amounts payable after more than one year | 17 | €367,430 | €346,124 | -€21,306 | -5.8% |
| Financial debts | 170/4 | €367,430 | €346,124 | -€21,306 | -5.8% |
| Amounts payable within one year | 42/48 | €83,511 | €82,285 | -€1,226 | -1.5% |
| Current portion of amounts payable after more than one year | 42 | €17,761 | €22,316 | +€4,555 | +25.6% |
| Trade debts | 44 | €62,433 | €54,163 | -€8,270 | -13.2% |
| Suppliers | 440/4 | €62,433 | €54,163 | -€8,270 | -13.2% |
| Taxes, remuneration and social security | 45 | €2,165 | €4,654 | +€2,489 | +115% |
| Taxes | 450/3 | €2,165 | €4,654 | +€2,489 | +115% |
| Other amounts payable | 47/48 | €1,152 | €1,152 | = | 0.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €13,140 | €13,140 | = | 0.0% |
| Other operating charges | 640/8 | €2,355 | €2,376 | +€20 | +0.9% |
| Gross operating margin | 9900 | €17,823 | €27,347 | +€9,524 | +53.4% |
| Operating profit (loss) | 9901 | €2,327 | €11,831 | +€9,504 | +408% |
| Financial charges | 65/66B | €2,363 | €5,601 | +€3,238 | +137% |
| Recurring financial charges | 65 | €2,363 | €5,601 | +€3,238 | +137% |
| Profit (loss) for the period before taxes | 9903 | -€36 | €6,230 | +€6,266 | |
| Profit (loss) for the period | 9904 | -€36 | €6,230 | +€6,266 | |
| Profit (loss) for the period to be appropriated | 9905 | -€36 | €6,230 | +€6,266 |
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 16 October 2026 via checked.be.