HEIMO: 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.
HEIMO
Largest movements
- Receivables within one year -€162,479
down €162,479 (-89.6%), from €181,305 to €18,826
of which Trade receivables: -€117,773
- Current investments +€149,775
new in 2025: €149,775
- Tangible fixed assets -€61,249
down €61,249 (-11.7%), from €523,378 to €462,128
- Stocks and contracts +€55,729
up €55,729 (+64.8%), from €85,980 to €141,709
of which Contracts in progress: +€82,028
- Trade debts -€35,746
down €35,746 (-81.3%), from €43,987 to €8,241
- Other debts +€35,073
up €35,073 (+30.0%), from €117,081 to €152,154
- Debts after one year -€33,385
down €33,385 (-11.3%), from €295,171 to €261,787
- Short-term financial debts -€20,833
down €20,833 (-100%), from €20,833 to €0
- Reserves +€16,688
up €16,688 (+2.9%), from €579,178 to €595,866
- Gross operating margin -€63,241
down €63,241 (-16.5%), from €384,025 to €320,784
- Taxes +€7,835
up €7,835 (+12.4%), from €63,141 to €70,976
- Depreciation -€7,398
down €7,398 (-9.6%), from €77,438 to €70,040
- Staff costs -€5,378
down €5,378 (-99.6%), from €5,398 to €20
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 | €1,159,100 | €1,133,575 | -€25,525 | -2.2% |
| Fixed assets | 21/28 | €523,741 | €462,491 | -€61,249 | -11.7% |
| Tangible fixed assets | 22/27 | €523,378 | €462,128 | -€61,249 | -11.7% |
| Land and buildings | 22 | €363,197 | €348,595 | -€14,602 | -4.0% |
| Plant, machinery and equipment | 23 | €41,732 | €23,882 | -€17,850 | -42.8% |
| Furniture and vehicles | 24 | €118,449 | €89,651 | -€28,798 | -24.3% |
| Financial fixed assets | 28 | €363 | €363 | = | 0.0% |
| Current assets | 29/58 | €635,359 | €671,084 | +€35,724 | +5.6% |
| Amounts receivable after more than one year | 29 | €0 | - | = | |
| Other amounts receivable | 291 | €0 | - | = | |
| Stocks and contracts in progress | 3 | €85,980 | €141,709 | +€55,729 | +64.8% |
| Stocks | 30/36 | €85,980 | €59,681 | -€26,299 | -30.6% |
| Contracts in progress | 37 | - | €82,028 | +€82,028 | |
| Amounts receivable within one year | 40/41 | €181,305 | €18,826 | -€162,479 | -89.6% |
| Trade receivables | 40 | €122,106 | €4,333 | -€117,773 | -96.5% |
| Other amounts receivable | 41 | €59,199 | €14,493 | -€44,706 | -75.5% |
| Current investments | 50/53 | - | €149,775 | +€149,775 | |
| Cash at bank and in hand | 54/58 | €362,541 | €360,606 | -€1,935 | -0.5% |
| Deferred charges and accrued income | 490/1 | €5,533 | €167 | -€5,366 | -97.0% |
| Total equity and liabilities | 10/49 | €1,159,100 | €1,133,575 | -€25,525 | -2.2% |
| Equity | 10/15 | €591,578 | €608,266 | +€16,688 | +2.8% |
| Contributions | 10/11 | €12,400 | €12,400 | = | 0.0% |
| Reserves | 13 | €579,178 | €595,866 | +€16,688 | +2.9% |
| Distributable reserves | 133 | €579,178 | €595,866 | +€16,688 | +2.9% |
| Profit (loss) carried forward | 14 | €0 | €0 | = | |
| Amounts payable | 17/49 | €567,522 | €525,309 | -€42,213 | -7.4% |
| Amounts payable after more than one year | 17 | €295,171 | €261,787 | -€33,385 | -11.3% |
| Financial debts | 170/4 | €295,171 | €261,787 | -€33,385 | -11.3% |
| Amounts payable within one year | 42/48 | €272,351 | €263,523 | -€8,828 | -3.2% |
| Current portion of amounts payable after more than one year | 42 | €32,261 | €33,385 | +€1,124 | +3.5% |
| Financial debts | 43 | €20,833 | €0 | -€20,833 | -100% |
| Credit institutions | 430/8 | €20,833 | €0 | -€20,833 | -100% |
| Trade debts | 44 | €43,987 | €8,241 | -€35,746 | -81.3% |
| Suppliers | 440/4 | €43,987 | €8,241 | -€35,746 | -81.3% |
| Advances received on contracts in progress | 46 | €27,887 | €41,880 | +€13,992 | +50.2% |
| Taxes, remuneration and social security | 45 | €30,302 | €27,864 | -€2,438 | -8.0% |
| Taxes | 450/3 | €28,052 | €25,614 | -€2,438 | -8.7% |
| Remuneration and social security | 454/9 | €2,250 | €2,250 | = | 0.0% |
| Other amounts payable | 47/48 | €117,081 | €152,154 | +€35,073 | +30.0% |
| Non-recurring operating income | 76A | €14,632 | €0 | -€14,632 | -100% |
| Remuneration, social security and pensions | 62 | €5,398 | €20 | -€5,378 | -99.6% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €77,438 | €70,040 | -€7,398 | -9.6% |
| Other operating charges | 640/8 | €2,872 | €3,193 | +€321 | +11.2% |
| Gross operating margin | 9900 | €384,025 | €320,784 | -€63,241 | -16.5% |
| Operating profit (loss) | 9901 | €298,317 | €247,530 | -€50,786 | -17.0% |
| Financial income | 75/76B | €2,492 | €1,477 | -€1,014 | -40.7% |
| Recurring financial income | 75 | €2,492 | €1,477 | -€1,014 | -40.7% |
| Financial charges | 65/66B | €11,755 | €14,951 | +€3,196 | +27.2% |
| Recurring financial charges | 65 | €11,755 | €14,951 | +€3,196 | +27.2% |
| Profit (loss) for the period before taxes | 9903 | €289,053 | €234,057 | -€54,996 | -19.0% |
| Income taxes | 67/77 | €63,141 | €70,976 | +€7,835 | +12.4% |
| Profit (loss) for the period | 9904 | €225,912 | €163,081 | -€62,831 | -27.8% |
| Profit (loss) for the period to be appropriated | 9905 | €225,912 | €163,081 | -€62,831 | -27.8% |
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 13 October 2026 via checked.be.