HEERLEIN: 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.
HEERLEIN
Largest movements
- Cash +€425,350
up €425,350 (+477.2%), from €89,132 to €514,482
mainly Current investments (+€292,900) and Net result for the year (+€135,093)
- Current investments -€292,900
down €292,900 (-99.3%), from €295,000 to €2,100
- Intangible fixed assets -€57,100
down €57,100 (-18.5%), from €309,243 to €252,143
- Receivables within one year +€17,482
up €17,482 (+30.1%), from €58,119 to €75,601
of which Trade receivables: +€9,229
- Reserves +€135,093
up €135,093 (+42.4%), from €318,865 to €453,958
- Debts after one year -€34,296
down €34,296 (-13.5%), from €254,142 to €219,846
- Current portion of long-term debt -€16,119
down €16,119 (-15.2%), from €106,329 to €90,210
- Tax, wage and social debts +€13,891
up €13,891 (+24.9%), from €55,763 to €69,653
of which Taxes: +€13,236
- Other debts -€12,326
down €12,326 (-39.8%), from €30,964 to €18,638
- Gross operating margin +€54,403
up €54,403 (+11.6%), from €470,336 to €524,739
- Staff costs +€42,510
up €42,510 (+20.6%), from €206,810 to €249,320
- Taxes +€7,910
up €7,910 (+15.1%), from €52,358 to €60,268
- Financial income +€6,490
up €6,490 (+264.7%), from €2,452 to €8,942
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 | €842,703 | €926,656 | +€83,953 | +10.0% |
| Fixed assets | 21/28 | €377,788 | €315,636 | -€62,152 | -16.5% |
| Intangible fixed assets | 21 | €309,243 | €252,143 | -€57,100 | -18.5% |
| Tangible fixed assets | 22/27 | €68,545 | €63,493 | -€5,052 | -7.4% |
| Land and buildings | 22 | €0 | - | = | |
| Plant, machinery and equipment | 23 | €66,492 | €61,907 | -€4,586 | -6.9% |
| Furniture and vehicles | 24 | €2,052 | €1,586 | -€466 | -22.7% |
| Current assets | 29/58 | €464,915 | €611,020 | +€146,105 | +31.4% |
| Amounts receivable within one year | 40/41 | €58,119 | €75,601 | +€17,482 | +30.1% |
| Trade receivables | 40 | €57,737 | €66,966 | +€9,229 | +16.0% |
| Other amounts receivable | 41 | €382 | €8,636 | +€8,253 | +2159.9% |
| Current investments | 50/53 | €295,000 | €2,100 | -€292,900 | -99.3% |
| Cash at bank and in hand | 54/58 | €89,132 | €514,482 | +€425,350 | +477.2% |
| Deferred charges and accrued income | 490/1 | €22,664 | €18,836 | -€3,828 | -16.9% |
| Total equity and liabilities | 10/49 | €842,703 | €926,656 | +€83,953 | +10.0% |
| Equity | 10/15 | €363,865 | €498,958 | +€135,093 | +37.1% |
| Contributions | 10/11 | €45,000 | €45,000 | = | 0.0% |
| Reserves | 13 | €318,865 | €453,958 | +€135,093 | +42.4% |
| Distributable reserves | 133 | €318,865 | €453,958 | +€135,093 | +42.4% |
| Amounts payable | 17/49 | €478,838 | €427,698 | -€51,140 | -10.7% |
| Amounts payable after more than one year | 17 | €254,142 | €219,846 | -€34,296 | -13.5% |
| Financial debts | 170/4 | €254,142 | €219,846 | -€34,296 | -13.5% |
| Amounts payable within one year | 42/48 | €223,867 | €202,039 | -€21,828 | -9.8% |
| Current portion of amounts payable after more than one year | 42 | €106,329 | €90,210 | -€16,119 | -15.2% |
| Trade debts | 44 | €30,811 | €23,538 | -€7,273 | -23.6% |
| Suppliers | 440/4 | €30,811 | €23,538 | -€7,273 | -23.6% |
| Taxes, remuneration and social security | 45 | €55,763 | €69,653 | +€13,891 | +24.9% |
| Taxes | 450/3 | €12,409 | €25,645 | +€13,236 | +106.7% |
| Remuneration and social security | 454/9 | €43,353 | €44,008 | +€655 | +1.5% |
| Other amounts payable | 47/48 | €30,964 | €18,638 | -€12,326 | -39.8% |
| Accrued charges and deferred income | 492/3 | €829 | €5,812 | +€4,983 | +601.2% |
| Remuneration, social security and pensions | 62 | €206,810 | €249,320 | +€42,510 | +20.6% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €68,051 | €67,704 | -€346 | -0.5% |
| Other operating charges | 640/8 | €6,310 | €1,674 | -€4,636 | -73.5% |
| Gross operating margin | 9900 | €470,336 | €524,739 | +€54,403 | +11.6% |
| Operating profit (loss) | 9901 | €189,165 | €206,040 | +€16,875 | +8.9% |
| Financial income | 75/76B | €2,452 | €8,942 | +€6,490 | +264.7% |
| Recurring financial income | 75 | €2,452 | €8,942 | +€6,490 | +264.7% |
| Financial charges | 65/66B | €22,436 | €19,621 | -€2,815 | -12.5% |
| Recurring financial charges | 65 | €22,436 | €19,621 | -€2,815 | -12.5% |
| Profit (loss) for the period before taxes | 9903 | €169,181 | €195,361 | +€26,180 | +15.5% |
| Income taxes | 67/77 | €52,358 | €60,268 | +€7,910 | +15.1% |
| Profit (loss) for the period | 9904 | €116,823 | €135,093 | +€18,270 | +15.6% |
| Profit (loss) for the period to be appropriated | 9905 | €116,823 | €135,093 | +€18,270 | +15.6% |
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 29 September 2026 via checked.be.