HEIRBAAN: 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.
HEIRBAAN
Largest movements
- Cash +€282,962
up €282,962 (+5,722%), from €4,945 to €287,907
mainly Current investments (+€220,000) and Depreciation (+€55,307)
- Current investments -€220,000
no longer reported in 2025 (was €220,000)
- Tangible fixed assets -€54,837
down €54,837 (-2.8%), from €2.0m to €1.9m
No liability line moved by more than 1% of the balance sheet total.
- Gross operating margin +€8,415
up €8,415 (+16.6%), from €50,676 to €59,091
- Taxes -€3,772
down €3,772, from €1,886 to -€1,886
- Financial income -€1,955
down €1,955 (-31.1%), from €6,287 to €4,332
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 | €2,186,667 | €2,194,677 | +€8,010 | +0.4% |
| Formation expenses | 20 | €940 | €470 | -€470 | -50.0% |
| Fixed assets | 21/28 | €1,957,042 | €1,902,205 | -€54,837 | -2.8% |
| Tangible fixed assets | 22/27 | €1,957,042 | €1,902,205 | -€54,837 | -2.8% |
| Land and buildings | 22 | €1,957,042 | €1,902,205 | -€54,837 | -2.8% |
| Current assets | 29/58 | €228,685 | €292,002 | +€63,317 | +27.7% |
| Amounts receivable within one year | 40/41 | €2,844 | €3,305 | +€462 | +16.2% |
| Trade receivables | 40 | €2,844 | €1,966 | -€877 | -30.9% |
| Other amounts receivable | 41 | - | €1,339 | +€1,339 | |
| Current investments | 50/53 | €220,000 | - | -€220,000 | |
| Cash at bank and in hand | 54/58 | €4,945 | €287,907 | +€282,962 | +5,722% |
| Deferred charges and accrued income | 490/1 | €897 | €790 | -€107 | -11.9% |
| Total equity and liabilities | 10/49 | €2,186,667 | €2,194,677 | +€8,010 | +0.4% |
| Equity | 10/15 | €2,181,397 | €2,188,941 | +€7,544 | +0.3% |
| Contributions | 10/11 | €212,331 | €212,331 | = | 0.0% |
| Capital | 10 | €212,331 | €212,331 | = | 0.0% |
| Issued capital | 100 | €212,331 | €212,331 | = | 0.0% |
| Reserves | 13 | €1,987,669 | €1,987,669 | = | 0.0% |
| Non-distributable reserves | 130/1 | €20,396 | €20,396 | = | 0.0% |
| Legal reserve | 130 | €20,396 | €20,396 | = | 0.0% |
| Distributable reserves | 133 | €1,967,273 | €1,967,273 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€18,603 | -€11,059 | +€7,544 | +40.6% |
| Amounts payable | 17/49 | €5,270 | €5,736 | +€466 | +8.8% |
| Amounts payable within one year | 42/48 | €5,270 | €5,736 | +€466 | +8.8% |
| Trade debts | 44 | €4,617 | €4,712 | +€95 | +2.1% |
| Suppliers | 440/4 | €4,617 | €4,712 | +€95 | +2.1% |
| Other amounts payable | 47/48 | €653 | €1,024 | +€371 | +56.8% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €55,307 | €55,307 | = | 0.0% |
| Other operating charges | 640/8 | €2,338 | €2,417 | +€79 | +3.4% |
| Gross operating margin | 9900 | €50,676 | €59,091 | +€8,415 | +16.6% |
| Operating profit (loss) | 9901 | -€6,969 | €1,366 | +€8,336 | |
| Financial income | 75/76B | €6,287 | €4,332 | -€1,955 | -31.1% |
| Recurring financial income | 75 | €6,287 | €4,332 | -€1,955 | -31.1% |
| Financial charges | 65/66B | €80 | €40 | -€39 | -49.2% |
| Recurring financial charges | 65 | €80 | €40 | -€39 | -49.2% |
| Profit (loss) for the period before taxes | 9903 | -€762 | €5,658 | +€6,420 | |
| Income taxes | 67/77 | €1,886 | -€1,886 | -€3,772 | |
| Profit (loss) for the period | 9904 | -€2,648 | €7,544 | +€10,192 | |
| Profit (loss) for the period to be appropriated | 9905 | -€2,648 | €7,544 | +€10,192 |
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 25 October 2026 via checked.be.