HEIRIST: 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.
HEIRIST
Largest movements
- Tangible fixed assets -€17,286
down €17,286 (-4.7%), from €368,267 to €350,981
of which Land and buildings: -€8,954
- Profit (loss) carried forward -€16,869
down €16,869 (-78.4%), from €21,518 to €4,649
- Gross operating margin -€21,614
down €21,614 (-89.8%), from €24,073 to €2,459
- Depreciation +€511
up €511 (+3.0%), from €16,775 to €17,286
- Taxes -€385
no longer reported in 2025 (was €385)
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 | €375,031 | €356,134 | -€18,898 | -5.0% |
| Fixed assets | 21/28 | €368,267 | €350,981 | -€17,286 | -4.7% |
| Tangible fixed assets | 22/27 | €368,267 | €350,981 | -€17,286 | -4.7% |
| Land and buildings | 22 | €319,566 | €310,612 | -€8,954 | -2.8% |
| Plant, machinery and equipment | 23 | €48,701 | €40,369 | -€8,332 | -17.1% |
| Current assets | 29/58 | €6,764 | €5,153 | -€1,611 | -23.8% |
| Amounts receivable within one year | 40/41 | €1,631 | €3,181 | +€1,550 | +95.0% |
| Trade receivables | 40 | - | €2,081 | +€2,081 | |
| Other amounts receivable | 41 | €1,631 | €1,100 | -€531 | -32.6% |
| Cash at bank and in hand | 54/58 | €4,461 | €1,349 | -€3,111 | -69.8% |
| Deferred charges and accrued income | 490/1 | €673 | €623 | -€50 | -7.4% |
| Total equity and liabilities | 10/49 | €375,031 | €356,134 | -€18,898 | -5.0% |
| Equity | 10/15 | €221,566 | €204,697 | -€16,869 | -7.6% |
| Contributions | 10/11 | €200,000 | €200,000 | = | 0.0% |
| Reserves | 13 | €49 | €49 | = | 0.0% |
| Distributable reserves | 133 | €49 | €49 | = | 0.0% |
| Profit (loss) carried forward | 14 | €21,518 | €4,649 | -€16,869 | -78.4% |
| Amounts payable | 17/49 | €153,465 | €151,436 | -€2,029 | -1.3% |
| Amounts payable after more than one year | 17 | €153,000 | €150,500 | -€2,500 | -1.6% |
| Financial debts | 170/4 | €153,000 | €150,500 | -€2,500 | -1.6% |
| Amounts payable within one year | 42/48 | €465 | €936 | +€471 | +101% |
| Trade debts | 44 | €465 | €129 | -€336 | -72.3% |
| Suppliers | 440/4 | €465 | €129 | -€336 | -72.3% |
| Taxes, remuneration and social security | 45 | - | €593 | +€593 | |
| Taxes | 450/3 | - | €593 | +€593 | |
| Other amounts payable | 47/48 | - | €215 | +€215 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €16,775 | €17,286 | +€511 | +3.0% |
| Other operating charges | 640/8 | €2,074 | €1,994 | -€80 | -3.9% |
| Gross operating margin | 9900 | €24,073 | €2,459 | -€21,614 | -89.8% |
| Operating profit (loss) | 9901 | €5,224 | -€16,821 | -€22,045 | |
| Financial charges | 65/66B | €40 | €48 | +€8 | +21.3% |
| Recurring financial charges | 65 | €40 | €48 | +€8 | +21.3% |
| Profit (loss) for the period before taxes | 9903 | €5,184 | -€16,869 | -€22,053 | |
| Income taxes | 67/77 | €385 | - | -€385 | |
| Profit (loss) for the period | 9904 | €4,800 | -€16,869 | -€21,669 | |
| Profit (loss) for the period to be appropriated | 9905 | €4,800 | -€16,869 | -€21,669 |
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 20 October 2026 via checked.be.