Heirman Verwarming: 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 Verwarming
Largest movements
- Cash +€23,015
up €23,015 (+171%), from €13,439 to €36,454
mainly Receivables within one year (+€16,885) and Depreciation (+€15,502)
- Receivables within one year -€16,885
down €16,885 (-17.4%), from €97,237 to €80,353
of which Trade receivables: -€16,901
- Tangible fixed assets +€15,613
up €15,613 (+87.3%), from €17,880 to €33,493
of which Furniture and vehicles: +€15,278
- Reserves +€9,402
up €9,402 (+62.9%), from €14,949 to €24,351
- Other debts +€8,066
up €8,066 (+12.0%), from €67,302 to €75,367
- Debts after one year +€6,865
up €6,865 (+106%), from €6,485 to €13,350
- Trade debts -€6,576
down €6,576 (-28.3%), from €23,250 to €16,674
- Current portion of long-term debt +€4,939
up €4,939 (+97.4%), from €5,073 to €10,012
- Gross operating margin -€14,180
down €14,180 (-27.7%), from €51,258 to €37,078
- Taxes -€2,527
down €2,527 (-35.3%), from €7,158 to €4,631
- Depreciation -€2,501
down €2,501 (-13.9%), from €18,003 to €15,502
- Other operating charges +€1,280
up €1,280 (+63.7%), from €2,010 to €3,290
- Staff costs +€1,154
up €1,154 (+98.8%), from €1,168 to €2,323
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 | €130,067 | €151,717 | +€21,650 | +16.6% |
| Fixed assets | 21/28 | €17,880 | €33,493 | +€15,613 | +87.3% |
| Tangible fixed assets | 22/27 | €17,880 | €33,493 | +€15,613 | +87.3% |
| Plant, machinery and equipment | 23 | €3,830 | €4,165 | +€335 | +8.7% |
| Furniture and vehicles | 24 | €14,049 | €29,328 | +€15,278 | +109% |
| Current assets | 29/58 | €112,188 | €118,224 | +€6,036 | +5.4% |
| Amounts receivable within one year | 40/41 | €97,237 | €80,353 | -€16,885 | -17.4% |
| Trade receivables | 40 | €93,692 | €76,790 | -€16,901 | -18.0% |
| Other amounts receivable | 41 | €3,546 | €3,562 | +€17 | +0.5% |
| Cash at bank and in hand | 54/58 | €13,439 | €36,454 | +€23,015 | +171% |
| Deferred charges and accrued income | 490/1 | €1,512 | €1,418 | -€94 | -6.2% |
| Total equity and liabilities | 10/49 | €130,067 | €151,717 | +€21,650 | +16.6% |
| Equity | 10/15 | €15,049 | €24,451 | +€9,402 | +62.5% |
| Contributions | 10/11 | €100 | €100 | = | 0.0% |
| Reserves | 13 | €14,949 | €24,351 | +€9,402 | +62.9% |
| Distributable reserves | 133 | €14,949 | €24,351 | +€9,402 | +62.9% |
| Amounts payable | 17/49 | €115,018 | €127,266 | +€12,248 | +10.6% |
| Amounts payable after more than one year | 17 | €6,485 | €13,350 | +€6,865 | +106% |
| Financial debts | 170/4 | €6,485 | €13,350 | +€6,865 | +106% |
| Amounts payable within one year | 42/48 | €108,533 | €113,916 | +€5,383 | +5.0% |
| Current portion of amounts payable after more than one year | 42 | €5,073 | €10,012 | +€4,939 | +97.4% |
| Trade debts | 44 | €23,250 | €16,674 | -€6,576 | -28.3% |
| Suppliers | 440/4 | €23,250 | €16,674 | -€6,576 | -28.3% |
| Taxes, remuneration and social security | 45 | €12,909 | €11,862 | -€1,047 | -8.1% |
| Taxes | 450/3 | €12,909 | €11,862 | -€1,047 | -8.1% |
| Other amounts payable | 47/48 | €67,302 | €75,367 | +€8,066 | +12.0% |
| Non-recurring operating income | 76A | - | €5,726 | +€5,726 | |
| Remuneration, social security and pensions | 62 | €1,168 | €2,323 | +€1,154 | +98.8% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €18,003 | €15,502 | -€2,501 | -13.9% |
| Other operating charges | 640/8 | €2,010 | €3,290 | +€1,280 | +63.7% |
| Gross operating margin | 9900 | €51,258 | €37,078 | -€14,180 | -27.7% |
| Operating profit (loss) | 9901 | €30,076 | €15,963 | -€14,113 | -46.9% |
| Financial income | 75/76B | €144 | €135 | -€9 | -6.5% |
| Recurring financial income | 75 | €144 | €135 | -€9 | -6.5% |
| Financial charges | 65/66B | €877 | €1,206 | +€329 | +37.5% |
| Recurring financial charges | 65 | €877 | €1,206 | +€329 | +37.5% |
| Profit (loss) for the period before taxes | 9903 | €29,343 | €14,892 | -€14,452 | -49.3% |
| Income taxes | 67/77 | €7,158 | €4,631 | -€2,527 | -35.3% |
| Profit (loss) for the period | 9904 | €22,185 | €10,261 | -€11,925 | -53.8% |
| Profit (loss) for the period to be appropriated | 9905 | €22,185 | €10,261 | -€11,925 | -53.8% |
Source: filed annual accounts (NBB), financial years ended 30 June 2024 and 30 June 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 21 October 2026 via checked.be.