HEIDESTRAND: 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.
HEIDESTRAND
Largest movements
- Current investments -€220,000
down €220,000 (-100%), from €220,000 to €0
- Cash +€186,364
up €186,364 (+105%), from €176,901 to €363,265
mainly Net result for the year (+€476,122) and Current investments (+€220,000)
- Tangible fixed assets +€47,356
up €47,356 (+2.5%), from €1.9m to €2.0m
of which Land and buildings: +€56,188
- Intangible fixed assets -€37,743
down €37,743 (-54.5%), from €69,267 to €31,523
- Trade debts -€62,290
down €62,290 (-70.3%), from €88,628 to €26,338
- Other debts +€50,044
up €50,044 (+6.8%), from €731,162 to €781,205
- Debts after one year -€33,627
down €33,627 (-11.5%), from €292,799 to €259,172
- Gross operating margin +€76,578
up €76,578 (+7.2%), from €1.1m to €1.1m
- Staff costs +€32,335
up €32,335 (+8.8%), from €366,351 to €398,686
- Other operating charges +€30,618
up €30,618 (+68.9%), from €44,453 to €75,071
- Financial charges -€14,975
down €14,975 (-61.2%), from €24,453 to €9,478
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 | €2,959,481 | €2,924,953 | -€34,528 | -1.2% |
| Fixed assets | 21/28 | €2,347,847 | €2,357,460 | +€9,613 | +0.4% |
| Intangible fixed assets | 21 | €69,267 | €31,523 | -€37,743 | -54.5% |
| Tangible fixed assets | 22/27 | €1,916,635 | €1,963,991 | +€47,356 | +2.5% |
| Land and buildings | 22 | €1,766,048 | €1,822,237 | +€56,188 | +3.2% |
| Plant, machinery and equipment | 23 | €96,457 | €88,363 | -€8,094 | -8.4% |
| Furniture and vehicles | 24 | €54,129 | €53,391 | -€738 | -1.4% |
| Financial fixed assets | 28 | €361,946 | €361,946 | = | 0.0% |
| Current assets | 29/58 | €611,634 | €567,493 | -€44,141 | -7.2% |
| Stocks and contracts in progress | 3 | €135,932 | €149,805 | +€13,873 | +10.2% |
| Stocks | 30/36 | €135,932 | €149,805 | +€13,873 | +10.2% |
| Amounts receivable within one year | 40/41 | €59,432 | €33,108 | -€26,324 | -44.3% |
| Trade receivables | 40 | €31,438 | €33,106 | +€1,668 | +5.3% |
| Other amounts receivable | 41 | €27,994 | €2 | -€27,993 | -100.0% |
| Current investments | 50/53 | €220,000 | €0 | -€220,000 | -100% |
| Cash at bank and in hand | 54/58 | €176,901 | €363,265 | +€186,364 | +105% |
| Deferred charges and accrued income | 490/1 | €19,369 | €21,315 | +€1,946 | +10.0% |
| Total equity and liabilities | 10/49 | €2,959,481 | €2,924,953 | -€34,528 | -1.2% |
| Equity | 10/15 | €1,772,628 | €1,776,750 | +€4,122 | +0.2% |
| Contributions | 10/11 | €501,984 | €501,984 | = | 0.0% |
| Capital | 10 | €501,984 | €501,984 | = | 0.0% |
| Issued capital | 100 | €501,984 | €501,984 | = | 0.0% |
| Reserves | 13 | €1,270,643 | €1,274,765 | +€4,122 | +0.3% |
| Non-distributable reserves | 130/1 | €50,198 | €50,198 | = | 0.0% |
| Legal reserve | 130 | €50,198 | €50,198 | = | 0.0% |
| Distributable reserves | 133 | €1,220,445 | €1,224,567 | +€4,122 | +0.3% |
| Profit (loss) carried forward | 14 | €0 | €0 | = | |
| Amounts payable | 17/49 | €1,186,854 | €1,148,203 | -€38,651 | -3.3% |
| Amounts payable after more than one year | 17 | €292,799 | €259,172 | -€33,627 | -11.5% |
| Financial debts | 170/4 | €292,799 | €259,172 | -€33,627 | -11.5% |
| Amounts payable within one year | 42/48 | €875,202 | €871,031 | -€4,171 | -0.5% |
| Current portion of amounts payable after more than one year | 42 | €32,836 | €33,627 | +€791 | +2.4% |
| Trade debts | 44 | €88,628 | €26,338 | -€62,290 | -70.3% |
| Suppliers | 440/4 | €88,628 | €26,338 | -€62,290 | -70.3% |
| Taxes, remuneration and social security | 45 | €22,577 | €29,861 | +€7,284 | +32.3% |
| Taxes | 450/3 | €2,204 | €6,942 | +€4,738 | +215% |
| Remuneration and social security | 454/9 | €20,373 | €22,919 | +€2,547 | +12.5% |
| Other amounts payable | 47/48 | €731,162 | €781,205 | +€50,044 | +6.8% |
| Accrued charges and deferred income | 492/3 | €18,853 | €18,000 | -€853 | -4.5% |
| Remuneration, social security and pensions | 62 | €366,351 | €398,686 | +€32,335 | +8.8% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €167,434 | €173,216 | +€5,782 | +3.5% |
| Other operating charges | 640/8 | €44,453 | €75,071 | +€30,618 | +68.9% |
| Gross operating margin | 9900 | €1,064,221 | €1,140,799 | +€76,578 | +7.2% |
| Operating profit (loss) | 9901 | €485,983 | €493,826 | +€7,843 | +1.6% |
| Financial income | 75/76B | €4,845 | €5,374 | +€529 | +10.9% |
| Recurring financial income | 75 | €4,845 | €5,374 | +€529 | +10.9% |
| Financial charges | 65/66B | €24,453 | €9,478 | -€14,975 | -61.2% |
| Recurring financial charges | 65 | €24,453 | €9,478 | -€14,975 | -61.2% |
| Profit (loss) for the period before taxes | 9903 | €466,376 | €489,722 | +€23,346 | +5.0% |
| Income taxes | 67/77 | €10,166 | €13,600 | +€3,434 | +33.8% |
| Profit (loss) for the period | 9904 | €456,210 | €476,122 | +€19,912 | +4.4% |
| Profit (loss) for the period to be appropriated | 9905 | €456,210 | €476,122 | +€19,912 | +4.4% |
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 13 October 2026 via checked.be.