Heirman Dirk: 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.
Heirman Dirk
Largest movements
- Cash +€24,254
up €24,254 (+397%), from €6,112 to €30,366
mainly Depreciation (+€23,929) and Net result for the year (+€18,522)
- Tangible fixed assets -€22,429
down €22,429 (-23.5%), from €95,265 to €72,836
of which Plant, machinery and equipment: -€22,318
- Receivables within one year +€4,080
up €4,080 (+46.3%), from €8,813 to €12,893
of which Trade receivables: +€7,059
- Intangible fixed assets -€1,500
down €1,500 (-50.0%), from €3,000 to €1,500
- Profit (loss) carried forward +€18,522
up €18,522 (+75.1%), from €24,650 to €43,172
- Debts after one year -€15,949
down €15,949 (-28.7%), from €55,527 to €39,578
- Tax, wage and social debts +€3,607
up €3,607 (+780%), from €462 to €4,069
- Trade debts -€1,532
down €1,532 (-53.8%), from €2,848 to €1,315
- Gross operating margin +€24,485
up €24,485 (+72.7%), from €33,669 to €58,154
- Taxes +€5,981
up €5,981 (+1,018%), from €588 to €6,569
- Write-downs +€908
new in 2025: €908
- Depreciation +€607
up €607 (+2.6%), from €23,322 to €23,929
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 | €115,212 | €119,763 | +€4,551 | +4.0% |
| Fixed assets | 21/28 | €98,265 | €74,336 | -€23,929 | -24.4% |
| Intangible fixed assets | 21 | €3,000 | €1,500 | -€1,500 | -50.0% |
| Tangible fixed assets | 22/27 | €95,265 | €72,836 | -€22,429 | -23.5% |
| Plant, machinery and equipment | 23 | €95,153 | €72,836 | -€22,318 | -23.5% |
| Furniture and vehicles | 24 | €111 | €0 | -€111 | -100% |
| Current assets | 29/58 | €16,947 | €45,427 | +€28,480 | +168% |
| Amounts receivable within one year | 40/41 | €8,813 | €12,893 | +€4,080 | +46.3% |
| Trade receivables | 40 | €4,771 | €11,830 | +€7,059 | +148% |
| Other amounts receivable | 41 | €4,042 | €1,063 | -€2,978 | -73.7% |
| Cash at bank and in hand | 54/58 | €6,112 | €30,366 | +€24,254 | +397% |
| Deferred charges and accrued income | 490/1 | €2,022 | €2,168 | +€146 | +7.2% |
| Total equity and liabilities | 10/49 | €115,212 | €119,763 | +€4,551 | +4.0% |
| Equity | 10/15 | €37,050 | €55,572 | +€18,522 | +50.0% |
| Contributions | 10/11 | €12,400 | €12,400 | = | 0.0% |
| Profit (loss) carried forward | 14 | €24,650 | €43,172 | +€18,522 | +75.1% |
| Amounts payable | 17/49 | €78,162 | €64,191 | -€13,970 | -17.9% |
| Amounts payable after more than one year | 17 | €55,527 | €39,578 | -€15,949 | -28.7% |
| Financial debts | 170/4 | €55,527 | €39,578 | -€15,949 | -28.7% |
| Amounts payable within one year | 42/48 | €22,634 | €24,613 | +€1,979 | +8.7% |
| Current portion of amounts payable after more than one year | 42 | €18,254 | €18,158 | -€95 | -0.5% |
| Trade debts | 44 | €2,848 | €1,315 | -€1,532 | -53.8% |
| Suppliers | 440/4 | €2,848 | €1,315 | -€1,532 | -53.8% |
| Taxes, remuneration and social security | 45 | €462 | €4,069 | +€3,607 | +780% |
| Taxes | 450/3 | €462 | €4,069 | +€3,607 | +780% |
| Other amounts payable | 47/48 | €1,071 | €1,071 | = | 0.0% |
| Non-recurring operating income | 76A | €61 | €0 | -€61 | -100% |
| Remuneration, social security and pensions | 62 | €0 | - | = | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €23,322 | €23,929 | +€607 | +2.6% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | - | €908 | +€908 | |
| Other operating charges | 640/8 | €4,210 | €4,277 | +€67 | +1.6% |
| Gross operating margin | 9900 | €33,669 | €58,154 | +€24,485 | +72.7% |
| Operating profit (loss) | 9901 | €6,137 | €29,041 | +€22,904 | +373% |
| Financial charges | 65/66B | €3,998 | €3,950 | -€48 | -1.2% |
| Recurring financial charges | 65 | €3,998 | €3,950 | -€48 | -1.2% |
| Profit (loss) for the period before taxes | 9903 | €2,139 | €25,091 | +€22,952 | +1,073% |
| Income taxes | 67/77 | €588 | €6,569 | +€5,981 | +1,018% |
| Profit (loss) for the period | 9904 | €1,551 | €18,522 | +€16,970 | +1,094% |
| Profit (loss) for the period to be appropriated | 9905 | €1,551 | €18,522 | +€16,970 | +1,094% |
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 18 October 2026 via checked.be.