Heimhafen: 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.
Heimhafen
Largest movements
- Receivables within one year -€1.1m
down €1.1m (-26.2%), from €4.3m to €3.2m
- Cash +€334,168
up €334,168 (+12,581%), from €2,656 to €336,824
mainly Receivables within one year (+€1.1m) and Current investments (+€320,871)
- Current investments -€320,871
down €320,871 (-5.6%), from €5.8m to €5.5m
- Deferred charges and accrued income +€233,650
up €233,650 (+79.9%), from €292,430 to €526,081
- Other debts -€1.0m
down €1.0m (-8.0%), from €13.0m to €11.9m
- Financial charges -€2.8m
down €2.8m (-99.8%), from €2.8m to €5,062
- Financial income -€54,877
down €54,877 (-9.7%), from €565,563 to €510,686
- Gross operating margin +€38,065
up €38,065 (+28.9%), from -€131,784 to -€93,719
- Staff costs +€32,268
up €32,268 (+15.1%), from €214,368 to €246,635
- Depreciation +€10,098
up €10,098 (+49.8%), from €20,262 to €30,360
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 | €15,521,793 | €14,618,410 | -€903,382 | -5.8% |
| Fixed assets | 21/28 | €130,670 | €106,404 | -€24,266 | -18.6% |
| Tangible fixed assets | 22/27 | €130,125 | €105,859 | -€24,266 | -18.6% |
| Plant, machinery and equipment | 23 | €9,186 | €8,038 | -€1,148 | -12.5% |
| Furniture and vehicles | 24 | €120,939 | €97,821 | -€23,118 | -19.1% |
| Financial fixed assets | 28 | €545 | €545 | = | 0.0% |
| Current assets | 29/58 | €15,391,123 | €14,512,006 | -€879,116 | -5.7% |
| Amounts receivable after more than one year | 29 | €5,010,319 | €5,011,578 | +€1,259 | 0.0% |
| Other amounts receivable | 291 | €5,010,319 | €5,011,578 | +€1,259 | 0.0% |
| Amounts receivable within one year | 40/41 | €4,308,584 | €3,181,262 | -€1.1m | -26.2% |
| Other amounts receivable | 41 | €4,308,584 | €3,181,262 | -€1.1m | -26.2% |
| Current investments | 50/53 | €5,777,133 | €5,456,262 | -€320,871 | -5.6% |
| Cash at bank and in hand | 54/58 | €2,656 | €336,824 | +€334,168 | +12,581% |
| Deferred charges and accrued income | 490/1 | €292,430 | €526,081 | +€233,650 | +79.9% |
| Total equity and liabilities | 10/49 | €15,521,793 | €14,618,410 | -€903,382 | -5.8% |
| Equity | 10/15 | €2,515,131 | €2,648,880 | +€133,749 | +5.3% |
| Contributions | 10/11 | €3,000,000 | €3,000,000 | = | 0.0% |
| Reserves | 13 | €9,268 | €9,268 | = | 0.0% |
| Tax-exempt reserves | 132 | €9,268 | €9,268 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€494,138 | -€360,389 | +€133,749 | +27.1% |
| Amounts payable | 17/49 | €13,006,662 | €11,969,531 | -€1.0m | -8.0% |
| Amounts payable within one year | 42/48 | €13,006,662 | €11,969,531 | -€1.0m | -8.0% |
| Trade debts | 44 | €23,277 | €15,222 | -€8,054 | -34.6% |
| Suppliers | 440/4 | €23,277 | €15,222 | -€8,054 | -34.6% |
| Taxes, remuneration and social security | 45 | €27,053 | €30,730 | +€3,678 | +13.6% |
| Remuneration and social security | 454/9 | €27,053 | €30,730 | +€3,678 | +13.6% |
| Other amounts payable | 47/48 | €12,956,333 | €11,923,578 | -€1.0m | -8.0% |
| Remuneration, social security and pensions | 62 | €214,368 | €246,635 | +€32,268 | +15.1% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €20,262 | €30,360 | +€10,098 | +49.8% |
| Other operating charges | 640/8 | €997 | €1,160 | +€164 | +16.4% |
| Non-recurring operating charges | 66A | €22,498 | - | -€22,498 | |
| Gross operating margin | 9900 | -€131,784 | -€93,719 | +€38,065 | +28.9% |
| Operating profit (loss) | 9901 | -€389,909 | -€371,875 | +€18,034 | +4.6% |
| Financial income | 75/76B | €565,563 | €510,686 | -€54,877 | -9.7% |
| Recurring financial income | 75 | €565,563 | €510,686 | -€54,877 | -9.7% |
| Financial charges | 65/66B | €2,790,369 | €5,062 | -€2.8m | -99.8% |
| Recurring financial charges | 65 | €2,790,369 | €5,062 | -€2.8m | -99.8% |
| Profit (loss) for the period before taxes | 9903 | -€2,614,714 | €133,749 | +€2.7m | |
| Profit (loss) for the period | 9904 | -€2,614,714 | €133,749 | +€2.7m | |
| Profit (loss) for the period to be appropriated | 9905 | -€2,614,714 | €133,749 | +€2.7m |
Source: filed annual accounts (NBB), financial years ended 30 December 2024 and 30 December 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 19 October 2026 via checked.be.