Heirloom Ventures: 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.
Heirloom Ventures
Largest movements
- Cash -€6,522
down €6,522 (-21.3%), from €30,589 to €24,067
mainly Net result for the year (-€58,974) and Investment in fixed assets (net) (-€5,652)
- Receivables within one year +€2,798
up €2,798 (+9.8%), from €28,568 to €31,366
of which Other amounts receivable: +€8,819
- Intangible fixed assets +€2,175
up €2,175 (+41.1%), from €5,286 to €7,461
- Profit (loss) carried forward -€58,974
down €58,974 (-36.5%), from -€161,491 to -€220,466
- Contributions +€45,000
up €45,000 (+20.0%), from €225,000 to €270,000
- Trade debts +€12,423
up €12,423 (+178%), from €6,996 to €19,419
- Gross operating margin -€13,024
down €13,024 (-31.5%), from -€41,379 to -€54,403
- Depreciation +€2,540
up €2,540 (+178%), from €1,428 to €3,968
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 | €76,023 | €74,538 | -€1,485 | -2.0% |
| Fixed assets | 21/28 | €6,867 | €8,551 | +€1,684 | +24.5% |
| Intangible fixed assets | 21 | €5,286 | €7,461 | +€2,175 | +41.1% |
| Tangible fixed assets | 22/27 | €1,580 | €1,089 | -€491 | -31.1% |
| Furniture and vehicles | 24 | €1,580 | €1,089 | -€491 | -31.1% |
| Current assets | 29/58 | €69,156 | €65,988 | -€3,169 | -4.6% |
| Amounts receivable after more than one year | 29 | €10,000 | €10,000 | = | 0.0% |
| Other amounts receivable | 291 | €10,000 | €10,000 | = | 0.0% |
| Amounts receivable within one year | 40/41 | €28,568 | €31,366 | +€2,798 | +9.8% |
| Trade receivables | 40 | €6,021 | €0 | -€6,021 | -100% |
| Other amounts receivable | 41 | €22,547 | €31,366 | +€8,819 | +39.1% |
| Cash at bank and in hand | 54/58 | €30,589 | €24,067 | -€6,522 | -21.3% |
| Deferred charges and accrued income | 490/1 | €0 | €555 | +€555 | |
| Total equity and liabilities | 10/49 | €76,023 | €74,538 | -€1,485 | -2.0% |
| Equity | 10/15 | €63,509 | €49,534 | -€13,974 | -22.0% |
| Contributions | 10/11 | €225,000 | €270,000 | +€45,000 | +20.0% |
| Profit (loss) carried forward | 14 | -€161,491 | -€220,466 | -€58,974 | -36.5% |
| Amounts payable | 17/49 | €12,514 | €25,004 | +€12,489 | +99.8% |
| Amounts payable within one year | 42/48 | €12,514 | €25,004 | +€12,489 | +99.8% |
| Trade debts | 44 | €6,996 | €19,419 | +€12,423 | +178% |
| Suppliers | 440/4 | €6,996 | €19,419 | +€12,423 | +178% |
| Other amounts payable | 47/48 | €5,518 | €5,585 | +€67 | +1.2% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €1,428 | €3,968 | +€2,540 | +178% |
| Other operating charges | 640/8 | €176 | €515 | +€339 | +193% |
| Gross operating margin | 9900 | -€41,379 | -€54,403 | -€13,024 | -31.5% |
| Operating profit (loss) | 9901 | -€42,983 | -€58,886 | -€15,903 | -37.0% |
| Financial income | 75/76B | €50 | €0 | -€50 | -100% |
| Recurring financial income | 75 | €50 | €0 | -€50 | -100% |
| Financial charges | 65/66B | €98 | €88 | -€10 | -9.8% |
| Recurring financial charges | 65 | €98 | €88 | -€10 | -9.8% |
| Profit (loss) for the period before taxes | 9903 | -€43,030 | -€58,974 | -€15,944 | -37.1% |
| Profit (loss) for the period | 9904 | -€43,030 | -€58,974 | -€15,944 | -37.1% |
| Profit (loss) for the period to be appropriated | 9905 | -€43,030 | -€58,974 | -€15,944 | -37.1% |
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 23 October 2026 via checked.be.