HEILU: 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.
HEILU
Largest movements
- Tangible fixed assets -€23,362
down €23,362 (-5.3%), from €441,536 to €418,174
of which Land and buildings: -€19,857
- Cash +€10,501
up €10,501 (+24.8%), from €42,287 to €52,787
mainly Depreciation (+€23,362) and Other debts (+€438)
- Debts after one year -€13,586
down €13,586 (-3.2%), from €423,116 to €409,531
- Gross operating margin -€377
down €377 (-1.2%), from €30,882 to €30,504
- Taxes -€341
down €341 (-20.2%), from €1,688 to €1,347
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 | €486,039 | €472,877 | -€13,162 | -2.7% |
| Fixed assets | 21/28 | €441,536 | €418,174 | -€23,362 | -5.3% |
| Tangible fixed assets | 22/27 | €441,536 | €418,174 | -€23,362 | -5.3% |
| Land and buildings | 22 | €427,658 | €407,802 | -€19,857 | -4.6% |
| Plant, machinery and equipment | 23 | €866 | €582 | -€284 | -32.8% |
| Furniture and vehicles | 24 | €13,012 | €9,790 | -€3,222 | -24.8% |
| Current assets | 29/58 | €44,503 | €54,704 | +€10,201 | +22.9% |
| Cash at bank and in hand | 54/58 | €42,287 | €52,787 | +€10,501 | +24.8% |
| Deferred charges and accrued income | 490/1 | €2,217 | €1,917 | -€300 | -13.5% |
| Total equity and liabilities | 10/49 | €486,039 | €472,877 | -€13,162 | -2.7% |
| Equity | 10/15 | €51,900 | €51,909 | +€9 | 0.0% |
| Contributions | 10/11 | €20,000 | €20,000 | = | 0.0% |
| Reserves | 13 | €31,900 | €31,909 | +€9 | 0.0% |
| Non-distributable reserves | 130/1 | €31,010 | €31,010 | = | 0.0% |
| Reserves not available under the articles | 1311 | €31,010 | €31,010 | = | 0.0% |
| Distributable reserves | 133 | €890 | €899 | +€9 | +1.0% |
| Amounts payable | 17/49 | €434,139 | €420,968 | -€13,171 | -3.0% |
| Amounts payable after more than one year | 17 | €423,116 | €409,531 | -€13,586 | -3.2% |
| Financial debts | 170/4 | €423,116 | €409,531 | -€13,586 | -3.2% |
| Amounts payable within one year | 42/48 | €11,023 | €11,438 | +€415 | +3.8% |
| Current portion of amounts payable after more than one year | 42 | €10,396 | €10,586 | +€190 | +1.8% |
| Trade debts | 44 | €271 | €58 | -€213 | -78.6% |
| Suppliers | 440/4 | €271 | €58 | -€213 | -78.6% |
| Other amounts payable | 47/48 | €356 | €794 | +€438 | +123.2% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €23,362 | €23,362 | = | 0.0% |
| Other operating charges | 640/8 | €4,148 | €4,277 | +€129 | +3.1% |
| Gross operating margin | 9900 | €30,882 | €30,504 | -€377 | -1.2% |
| Operating profit (loss) | 9901 | €3,371 | €2,865 | -€506 | -15.0% |
| Financial charges | 65/66B | €1,667 | €1,509 | -€158 | -9.5% |
| Recurring financial charges | 65 | €1,667 | €1,509 | -€158 | -9.5% |
| Profit (loss) for the period before taxes | 9903 | €1,704 | €1,356 | -€349 | -20.5% |
| Income taxes | 67/77 | €1,688 | €1,347 | -€341 | -20.2% |
| Profit (loss) for the period | 9904 | €16 | €9 | -€7 | -45.3% |
| Profit (loss) for the period to be appropriated | 9905 | €16 | €9 | -€7 | -45.3% |
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 12 October 2026 via checked.be.