HEIKANTJE: 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.
HEIKANTJE
Largest movements
- Cash +€48,888
up €48,888 (+604%), from €8,099 to €56,987
mainly Receivables within one year (+€41,293) and Net result for the year (+€29,483)
- Receivables within one year -€41,293
down €41,293 (-97.3%), from €42,460 to €1,167
of which Trade receivables: -€31,592
- Tangible fixed assets -€18,292
down €18,292 (-2.5%), from €719,072 to €700,780
of which Land and buildings: -€17,812
- Debts after one year -€46,917
down €46,917 (-21.0%), from €223,317 to €176,400
- Reserves +€29,483
up €29,483 (+8.9%), from €329,662 to €359,145
- Short-term financial debts +€15,000
new in 2025: €15,000
- Other debts -€10,281
down €10,281 (-6.8%), from €151,564 to €141,282
- Depreciation -€36,766
down €36,766 (-66.8%), from €55,059 to €18,292
- Gross operating margin -€23,892
down €23,892 (-21.0%), from €113,717 to €89,826
- Taxes +€4,701
up €4,701 (+51.5%), from €9,132 to €13,833
- Financial charges -€3,906
down €3,906 (-15.2%), from €25,655 to €21,748
- Write-downs +€2,002
new in 2025: €2,002
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 | €769,632 | €758,934 | -€10,698 | -1.4% |
| Fixed assets | 21/28 | €719,072 | €700,780 | -€18,292 | -2.5% |
| Tangible fixed assets | 22/27 | €719,072 | €700,780 | -€18,292 | -2.5% |
| Land and buildings | 22 | €716,712 | €698,900 | -€17,812 | -2.5% |
| Plant, machinery and equipment | 23 | €2,360 | €1,880 | -€480 | -20.3% |
| Current assets | 29/58 | €50,560 | €58,154 | +€7,595 | +15.0% |
| Amounts receivable within one year | 40/41 | €42,460 | €1,167 | -€41,293 | -97.3% |
| Trade receivables | 40 | €31,592 | - | -€31,592 | |
| Other amounts receivable | 41 | €10,868 | €1,167 | -€9,701 | -89.3% |
| Cash at bank and in hand | 54/58 | €8,099 | €56,987 | +€48,888 | +604% |
| Total equity and liabilities | 10/49 | €769,632 | €758,934 | -€10,698 | -1.4% |
| Equity | 10/15 | €348,262 | €377,745 | +€29,483 | +8.5% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €329,662 | €359,145 | +€29,483 | +8.9% |
| Distributable reserves | 133 | €329,662 | €359,145 | +€29,483 | +8.9% |
| Amounts payable | 17/49 | €421,369 | €381,189 | -€40,180 | -9.5% |
| Amounts payable after more than one year | 17 | €223,317 | €176,400 | -€46,917 | -21.0% |
| Financial debts | 170/4 | €223,317 | €176,400 | -€46,917 | -21.0% |
| Amounts payable within one year | 42/48 | €198,052 | €204,789 | +€6,737 | +3.4% |
| Current portion of amounts payable after more than one year | 42 | €44,774 | €46,917 | +€2,143 | +4.8% |
| Financial debts | 43 | - | €15,000 | +€15,000 | |
| Credit institutions | 430/8 | - | €15,000 | +€15,000 | |
| Trade debts | 44 | €63 | €26 | -€37 | -59.3% |
| Suppliers | 440/4 | €63 | €26 | -€37 | -59.3% |
| Taxes, remuneration and social security | 45 | €1,652 | €1,564 | -€88 | -5.3% |
| Taxes | 450/3 | €1,652 | €1,564 | -€88 | -5.3% |
| Other amounts payable | 47/48 | €151,564 | €141,282 | -€10,281 | -6.8% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €55,059 | €18,292 | -€36,766 | -66.8% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | - | €2,002 | +€2,002 | |
| Other operating charges | 640/8 | €4,333 | €4,468 | +€134 | +3.1% |
| Gross operating margin | 9900 | €113,717 | €89,826 | -€23,892 | -21.0% |
| Operating profit (loss) | 9901 | €54,325 | €65,064 | +€10,738 | +19.8% |
| Financial income | 75/76B | - | €0 | +€0 | |
| Recurring financial income | 75 | - | €0 | +€0 | |
| Financial charges | 65/66B | €25,655 | €21,748 | -€3,906 | -15.2% |
| Recurring financial charges | 65 | €25,655 | €21,748 | -€3,906 | -15.2% |
| Profit (loss) for the period before taxes | 9903 | €28,671 | €43,316 | +€14,645 | +51.1% |
| Income taxes | 67/77 | €9,132 | €13,833 | +€4,701 | +51.5% |
| Profit (loss) for the period | 9904 | €19,539 | €29,483 | +€9,944 | +50.9% |
| Profit (loss) for the period to be appropriated | 9905 | €19,539 | €29,483 | +€9,944 | +50.9% |
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 19 October 2026 via checked.be.