HEIKO: 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.
HEIKO
Largest movements
- Tangible fixed assets -€28,556
down €28,556 (-8.0%), from €356,989 to €328,433
- Reserves -€90,000
down €90,000 (-58.6%), from €153,494 to €63,494
- Other debts +€77,279
up €77,279 (+31.7%), from €244,065 to €321,344
- Profit (loss) carried forward -€20,004
down €20,004 (-59.7%), from -€33,523 to -€53,527
- Gross operating margin -€11,713
down €11,713 (-37.2%), from €31,477 to €19,764
- Other operating charges +€462
up €462 (+7.9%), from €5,819 to €6,281
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 | €367,128 | €335,075 | -€32,053 | -8.7% |
| Fixed assets | 21/28 | €356,989 | €328,433 | -€28,556 | -8.0% |
| Tangible fixed assets | 22/27 | €356,989 | €328,433 | -€28,556 | -8.0% |
| Land and buildings | 22 | €312,993 | €298,790 | -€14,204 | -4.5% |
| Furniture and vehicles | 24 | €1,808 | €604 | -€1,204 | -66.6% |
| Other tangible fixed assets | 26 | €42,188 | €29,039 | -€13,149 | -31.2% |
| Current assets | 29/58 | €10,139 | €6,643 | -€3,496 | -34.5% |
| Cash at bank and in hand | 54/58 | €9,413 | €5,894 | -€3,520 | -37.4% |
| Deferred charges and accrued income | 490/1 | €726 | €749 | +€23 | +3.2% |
| Total equity and liabilities | 10/49 | €367,128 | €335,075 | -€32,053 | -8.7% |
| Equity | 10/15 | €119,971 | €9,967 | -€110,004 | -91.7% |
| Reserves | 13 | €153,494 | €63,494 | -€90,000 | -58.6% |
| Distributable reserves | 133 | €153,494 | €63,494 | -€90,000 | -58.6% |
| Profit (loss) carried forward | 14 | -€33,523 | -€53,527 | -€20,004 | -59.7% |
| Amounts payable | 17/49 | €247,157 | €325,109 | +€77,952 | +31.5% |
| Amounts payable within one year | 42/48 | €247,157 | €324,375 | +€77,218 | +31.2% |
| Trade debts | 44 | €462 | €368 | -€94 | -20.3% |
| Suppliers | 440/4 | €462 | €368 | -€94 | -20.3% |
| Taxes, remuneration and social security | 45 | €2,630 | €2,663 | +€33 | +1.2% |
| Taxes | 450/3 | €2,630 | €2,663 | +€33 | +1.2% |
| Other amounts payable | 47/48 | €244,065 | €321,344 | +€77,279 | +31.7% |
| Accrued charges and deferred income | 492/3 | €0 | €734 | +€734 | |
| Non-recurring operating income | 76A | €965 | €0 | -€965 | -100.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €32,948 | €32,870 | -€78 | -0.2% |
| Other operating charges | 640/8 | €5,819 | €6,281 | +€462 | +7.9% |
| Gross operating margin | 9900 | €31,477 | €19,764 | -€11,713 | -37.2% |
| Operating profit (loss) | 9901 | -€7,290 | -€19,388 | -€12,097 | -165.9% |
| Financial income | 75/76B | €82 | €40 | -€42 | -51.1% |
| Recurring financial income | 75 | €82 | €40 | -€42 | -51.1% |
| Financial charges | 65/66B | €83 | €87 | +€4 | +4.8% |
| Recurring financial charges | 65 | €83 | €87 | +€4 | +4.8% |
| Profit (loss) for the period before taxes | 9903 | -€7,292 | -€19,435 | -€12,143 | -166.5% |
| Income taxes | 67/77 | €580 | €569 | -€11 | -1.8% |
| Profit (loss) for the period | 9904 | -€7,872 | -€20,004 | -€12,132 | -154.1% |
| Profit (loss) for the period to be appropriated | 9905 | -€7,872 | -€20,004 | -€12,132 | -154.1% |
Source: filed annual accounts (NBB), fiscal years ended 30 June 2024 and 30 June 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 4 October 2026 via checked.be.