HEIMA: 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.
HEIMA
Largest movements
- Receivables within one year -€4.2m
down €4.2m (-57.0%), from €7.4m to €3.2m
of which Trade receivables: -€4.2m
- Stocks and contracts +€92,402
up €92,402 (+77.5%), from €119,157 to €211,559
- Trade debts -€4.7m
down €4.7m (-78.4%), from €6.0m to €1.3m
- Profit (loss) carried forward +€504,540
up €504,540 (+44.8%), from €1.1m to €1.6m
- Gross operating margin +€233,495
up €233,495 (+46.6%), from €501,004 to €734,499
- Taxes +€61,269
up €61,269 (+51.0%), from €120,129 to €181,398
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 | €7,850,887 | €3,691,888 | -€4.2m | -53.0% |
| Fixed assets | 21/28 | €323,969 | €298,641 | -€25,328 | -7.8% |
| Tangible fixed assets | 22/27 | €323,969 | €298,641 | -€25,328 | -7.8% |
| Land and buildings | 22 | €323,969 | €298,641 | -€25,328 | -7.8% |
| Current assets | 29/58 | €7,526,918 | €3,393,247 | -€4.1m | -54.9% |
| Stocks and contracts in progress | 3 | €119,157 | €211,559 | +€92,402 | +77.5% |
| Stocks | 30/36 | €119,157 | €211,559 | +€92,402 | +77.5% |
| Amounts receivable within one year | 40/41 | €7,361,387 | €3,161,928 | -€4.2m | -57.0% |
| Trade receivables | 40 | €7,353,432 | €3,151,854 | -€4.2m | -57.1% |
| Other amounts receivable | 41 | €7,955 | €10,074 | +€2,119 | +26.6% |
| Cash at bank and in hand | 54/58 | €33,833 | €8,048 | -€25,785 | -76.2% |
| Deferred charges and accrued income | 490/1 | €12,541 | €11,712 | -€829 | -6.6% |
| Total equity and liabilities | 10/49 | €7,850,887 | €3,691,888 | -€4.2m | -53.0% |
| Equity | 10/15 | €1,830,800 | €2,335,340 | +€504,540 | +27.6% |
| Contributions | 10/11 | €180,962 | €180,962 | = | 0.0% |
| Capital | 10 | €180,962 | €180,962 | = | 0.0% |
| Issued capital | 100 | €180,962 | €180,962 | = | 0.0% |
| Revaluation surpluses | 12 | €202,619 | €177,292 | -€25,327 | -12.5% |
| Reserves | 13 | €322,025 | €347,352 | +€25,327 | +7.9% |
| Non-distributable reserves | 130/1 | €18,096 | €18,096 | = | 0.0% |
| Legal reserve | 130 | €18,096 | €18,096 | = | 0.0% |
| Distributable reserves | 133 | €303,929 | €329,256 | +€25,327 | +8.3% |
| Profit (loss) carried forward | 14 | €1,125,194 | €1,629,734 | +€504,540 | +44.8% |
| Amounts payable | 17/49 | €6,020,087 | €1,356,548 | -€4.7m | -77.5% |
| Amounts payable within one year | 42/48 | €6,020,087 | €1,356,548 | -€4.7m | -77.5% |
| Trade debts | 44 | €5,989,797 | €1,293,690 | -€4.7m | -78.4% |
| Suppliers | 440/4 | €5,989,797 | €1,293,690 | -€4.7m | -78.4% |
| Taxes, remuneration and social security | 45 | €22,163 | €56,398 | +€34,235 | +154.5% |
| Taxes | 450/3 | €22,163 | €56,398 | +€34,235 | +154.5% |
| Other amounts payable | 47/48 | €8,127 | €6,460 | -€1,667 | -20.5% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €25,327 | €25,328 | +€1 | 0.0% |
| Other operating charges | 640/8 | €20,371 | €23,184 | +€2,813 | +13.8% |
| Gross operating margin | 9900 | €501,004 | €734,499 | +€233,495 | +46.6% |
| Operating profit (loss) | 9901 | €455,306 | €685,987 | +€230,681 | +50.7% |
| Financial income | 75/76B | - | €5 | +€5 | |
| Recurring financial income | 75 | - | €5 | +€5 | |
| Financial charges | 65/66B | €118 | €54 | -€64 | -54.2% |
| Recurring financial charges | 65 | €118 | €54 | -€64 | -54.2% |
| Profit (loss) for the period before taxes | 9903 | €455,188 | €685,938 | +€230,750 | +50.7% |
| Income taxes | 67/77 | €120,129 | €181,398 | +€61,269 | +51.0% |
| Profit (loss) for the period | 9904 | €335,059 | €504,540 | +€169,481 | +50.6% |
| Profit (loss) for the period to be appropriated | 9905 | €335,059 | €504,540 | +€169,481 | +50.6% |
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 8 October 2026 via checked.be.