Heemschut: 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.
Heemschut
Largest movements
- Cash -€54,816
down €54,816 (-39.3%), from €139,444 to €84,628
- Receivables within one year +€33,932
up €33,932, from €0 to €33,932
of which Trade receivables: +€33,932
- Deferred charges and accrued income +€4,685
up €4,685 (+167%), from €2,807 to €7,492
- Tangible fixed assets -€2,831
down €2,831 (-2.5%), from €112,684 to €109,853
of which Plant, machinery and equipment: -€8,549
- Trade debts +€39,867
up €39,867 (+221%), from €18,000 to €57,868
- Profit (loss) carried forward -€34,144
down €34,144 (-80.3%), from €42,528 to €8,383
- Tax, wage and social debts -€15,407
down €15,407 (-21.8%), from €70,714 to €55,307
of which Remuneration and social security: -€15,419
- Investment grants -€9,436
down €9,436 (-8.4%), from €112,692 to €103,256
- Staff costs +€290,524
up €290,524 (+45.6%), from €637,336 to €927,860
- Gross operating margin +€190,115
up €190,115 (+25.3%), from €752,222 to €942,337
- Other operating charges +€58,274
up €58,274 (+1,588%), from €3,670 to €61,944
From the 2023 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
A cash bridge needs two consecutive financial years: one year's result and depreciation cannot explain a change over several years. Pick two years that follow each other.
Every line side by side
| Line | Code | 2023 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €254,935 | €235,905 | -€19,030 | -7.5% |
| Fixed assets | 21/28 | €112,684 | €109,853 | -€2,831 | -2.5% |
| Tangible fixed assets | 22/27 | €112,684 | €109,853 | -€2,831 | -2.5% |
| Plant, machinery and equipment | 23 | €112,684 | €104,135 | -€8,549 | -7.6% |
| Furniture and vehicles | 24 | - | €5,718 | +€5,718 | |
| Current assets | 29/58 | €142,251 | €126,052 | -€16,199 | -11.4% |
| Amounts receivable within one year | 40/41 | €0 | €33,932 | +€33,932 | |
| Trade receivables | 40 | €0 | €33,932 | +€33,932 | |
| Other amounts receivable | 41 | €0 | - | = | |
| Cash at bank and in hand | 54/58 | €139,444 | €84,628 | -€54,816 | -39.3% |
| Deferred charges and accrued income | 490/1 | €2,807 | €7,492 | +€4,685 | +167% |
| Total equity and liabilities | 10/49 | €254,935 | €235,905 | -€19,030 | -7.5% |
| Equity | 10/15 | €155,220 | €111,640 | -€43,581 | -28.1% |
| Profit (loss) carried forward | 14 | €42,528 | €8,383 | -€34,144 | -80.3% |
| Investment grants | 15 | €112,692 | €103,256 | -€9,436 | -8.4% |
| Amounts payable | 17/49 | €99,714 | €124,265 | +€24,551 | +24.6% |
| Amounts payable within one year | 42/48 | €88,714 | €113,175 | +€24,460 | +27.6% |
| Trade debts | 44 | €18,000 | €57,868 | +€39,867 | +221% |
| Suppliers | 440/4 | €18,000 | €57,868 | +€39,867 | +221% |
| Taxes, remuneration and social security | 45 | €70,714 | €55,307 | -€15,407 | -21.8% |
| Taxes | 450/3 | €0 | €12 | +€12 | |
| Remuneration and social security | 454/9 | €70,714 | €55,295 | -€15,419 | -21.8% |
| Accrued charges and deferred income | 492/3 | €11,000 | €11,090 | +€90 | +0.8% |
| Non-recurring operating income | 76A | €250 | - | -€250 | |
| Remuneration, social security and pensions | 62 | €637,336 | €927,860 | +€290,524 | +45.6% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €6,557 | €15,918 | +€9,361 | +143% |
| Other operating charges | 640/8 | €3,670 | €61,944 | +€58,274 | +1,588% |
| Non-recurring operating charges | 66A | €4,512 | - | -€4,512 | |
| Gross operating margin | 9900 | €752,222 | €942,337 | +€190,115 | +25.3% |
| Operating profit (loss) | 9901 | €100,148 | -€63,384 | -€163,532 | |
| Financial income | 75/76B | €6,559 | €13,873 | +€7,314 | +112% |
| Recurring financial income | 75 | €6,559 | €13,873 | +€7,314 | +112% |
| Financial charges | 65/66B | €1,564 | €3,192 | +€1,628 | +104% |
| Recurring financial charges | 65 | €1,564 | €3,192 | +€1,628 | +104% |
| Profit (loss) for the period before taxes | 9903 | €105,142 | -€52,703 | -€157,846 | |
| Profit (loss) for the period | 9904 | €105,142 | -€52,703 | -€157,846 | |
| Profit (loss) for the period to be appropriated | 9905 | €105,142 | -€52,703 | -€157,846 |
Source: filed annual accounts (NBB), financial years ended 31 December 2023 and 31 December 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 15 October 2026 via checked.be.