HEERE VAN HEERS: 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.
HEERE VAN HEERS
Largest movements
- Tangible fixed assets -€20,497
down €20,497 (-11.3%), from €181,654 to €161,157
- Cash -€15,766
down €15,766 (-68.2%), from €23,131 to €7,365
mainly Net result for the year (-€22,484) and Debts after one year (-€16,730)
- Stocks and contracts +€4,478
up €4,478 (+32.7%), from €13,676 to €18,154
- Receivables within one year -€4,000
down €4,000 (-48.2%), from €8,305 to €4,305
of which Trade receivables: -€3,903
- Profit (loss) carried forward -€22,484
down €22,484 (-65.9%), from -€34,143 to -€56,627
- Debts after one year -€16,730
down €16,730 (-23.6%), from €70,919 to €54,188
- Other debts +€13,936
up €13,936 (+40.4%), from €34,520 to €48,456
- Trade debts -€8,470
down €8,470 (-43.3%), from €19,571 to €11,101
- Tax, wage and social debts -€4,175
down €4,175 (-31.9%), from €13,103 to €8,927
of which Taxes: -€3,596
- Gross operating margin +€26,044
up €26,044 (+94.1%), from €27,685 to €53,729
- Staff costs +€15,868
up €15,868 (+61.1%), from €25,962 to €41,831
- Depreciation -€1,624
down €1,624 (-5.5%), from €29,268 to €27,645
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 | €228,620 | €192,285 | -€36,335 | -15.9% |
| Fixed assets | 21/28 | €181,654 | €161,157 | -€20,497 | -11.3% |
| Tangible fixed assets | 22/27 | €181,654 | €161,157 | -€20,497 | -11.3% |
| Land and buildings | 22 | €90,226 | €82,595 | -€7,631 | -8.5% |
| Plant, machinery and equipment | 23 | €81,028 | €72,803 | -€8,226 | -10.2% |
| Furniture and vehicles | 24 | €10,400 | €5,759 | -€4,640 | -44.6% |
| Current assets | 29/58 | €46,966 | €31,128 | -€15,839 | -33.7% |
| Stocks and contracts in progress | 3 | €13,676 | €18,154 | +€4,478 | +32.7% |
| Stocks | 30/36 | €13,676 | €18,154 | +€4,478 | +32.7% |
| Amounts receivable within one year | 40/41 | €8,305 | €4,305 | -€4,000 | -48.2% |
| Trade receivables | 40 | €6,835 | €2,931 | -€3,903 | -57.1% |
| Other amounts receivable | 41 | €1,471 | €1,374 | -€97 | -6.6% |
| Cash at bank and in hand | 54/58 | €23,131 | €7,365 | -€15,766 | -68.2% |
| Deferred charges and accrued income | 490/1 | €1,854 | €1,304 | -€550 | -29.7% |
| Total equity and liabilities | 10/49 | €228,620 | €192,285 | -€36,335 | -15.9% |
| Equity | 10/15 | €73,643 | €51,159 | -€22,484 | -30.5% |
| Contributions | 10/11 | €6,200 | €6,200 | = | 0.0% |
| Reserves | 13 | €101,586 | €101,586 | = | 0.0% |
| Distributable reserves | 133 | €101,586 | €101,586 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€34,143 | -€56,627 | -€22,484 | -65.9% |
| Amounts payable | 17/49 | €154,977 | €141,126 | -€13,852 | -8.9% |
| Amounts payable after more than one year | 17 | €70,919 | €54,188 | -€16,730 | -23.6% |
| Financial debts | 170/4 | €70,919 | €54,188 | -€16,730 | -23.6% |
| Amounts payable within one year | 42/48 | €83,784 | €86,525 | +€2,741 | +3.3% |
| Current portion of amounts payable after more than one year | 42 | €16,111 | €16,730 | +€620 | +3.8% |
| Financial debts | 43 | - | €225 | +€225 | |
| Credit institutions | 430/8 | - | €225 | +€225 | |
| Trade debts | 44 | €19,571 | €11,101 | -€8,470 | -43.3% |
| Suppliers | 440/4 | €19,571 | €11,101 | -€8,470 | -43.3% |
| Advances received on contracts in progress | 46 | €479 | €1,085 | +€606 | +126% |
| Taxes, remuneration and social security | 45 | €13,103 | €8,927 | -€4,175 | -31.9% |
| Taxes | 450/3 | €9,254 | €5,658 | -€3,596 | -38.9% |
| Remuneration and social security | 454/9 | €3,849 | €3,269 | -€579 | -15.1% |
| Other amounts payable | 47/48 | €34,520 | €48,456 | +€13,936 | +40.4% |
| Accrued charges and deferred income | 492/3 | €275 | €412 | +€137 | +50.0% |
| Remuneration, social security and pensions | 62 | €25,962 | €41,831 | +€15,868 | +61.1% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €29,268 | €27,645 | -€1,624 | -5.5% |
| Other operating charges | 640/8 | €2,347 | €2,415 | +€68 | +2.9% |
| Gross operating margin | 9900 | €27,685 | €53,729 | +€26,044 | +94.1% |
| Operating profit (loss) | 9901 | -€29,893 | -€18,162 | +€11,731 | +39.2% |
| Financial income | 75/76B | €236 | €43 | -€193 | -81.7% |
| Recurring financial income | 75 | €236 | €43 | -€193 | -81.7% |
| Financial charges | 65/66B | €4,486 | €4,365 | -€121 | -2.7% |
| Recurring financial charges | 65 | €4,486 | €4,365 | -€121 | -2.7% |
| Profit (loss) for the period before taxes | 9903 | -€34,143 | -€22,484 | +€11,659 | +34.1% |
| Income taxes | 67/77 | €0 | - | = | |
| Profit (loss) for the period | 9904 | -€34,143 | -€22,484 | +€11,659 | +34.1% |
| Profit (loss) for the period to be appropriated | 9905 | -€34,143 | -€22,484 | +€11,659 | +34.1% |
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 30 October 2026 via checked.be.