HEIRNIS: 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.
HEIRNIS
Largest movements
- Tangible fixed assets -€87,954
down €87,954 (-25.1%), from €350,604 to €262,650
of which Plant, machinery and equipment: -€51,824
- Stocks and contracts +€48,096
up €48,096 (+17.4%), from €276,297 to €324,393
- Receivables within one year +€33,184
up €33,184 (+17.7%), from €187,597 to €220,781
of which Other amounts receivable: +€45,148
- Profit (loss) carried forward +€42,752
up €42,752 (+70.1%), from -€60,989 to -€18,238
- Debts after one year -€27,757
down €27,757 (-5.0%), from €560,706 to €532,949
of which Financial debts: -€36,610
- Trade debts -€27,122
down €27,122 (-20.5%), from €132,612 to €105,490
- Tax, wage and social debts +€13,505
up €13,505 (+23.6%), from €57,318 to €70,823
of which Remuneration and social security: +€8,565
- Advances received -€10,805
down €10,805 (-100%), from €10,805 to €0
- Gross operating margin -€80,279
down €80,279 (-13.2%), from €606,155 to €525,876
- Staff costs -€80,068
down €80,068 (-18.2%), from €440,570 to €360,502
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 | €932,226 | €917,790 | -€14,436 | -1.5% |
| Fixed assets | 21/28 | €350,676 | €262,722 | -€87,954 | -25.1% |
| Tangible fixed assets | 22/27 | €350,604 | €262,650 | -€87,954 | -25.1% |
| Plant, machinery and equipment | 23 | €212,154 | €160,329 | -€51,824 | -24.4% |
| Furniture and vehicles | 24 | €34,545 | €13,651 | -€20,894 | -60.5% |
| Other tangible fixed assets | 26 | €103,905 | €88,670 | -€15,235 | -14.7% |
| Financial fixed assets | 28 | €72 | €72 | = | 0.0% |
| Current assets | 29/58 | €581,550 | €655,068 | +€73,518 | +12.6% |
| Stocks and contracts in progress | 3 | €276,297 | €324,393 | +€48,096 | +17.4% |
| Stocks | 30/36 | €276,297 | €324,393 | +€48,096 | +17.4% |
| Amounts receivable within one year | 40/41 | €187,597 | €220,781 | +€33,184 | +17.7% |
| Trade receivables | 40 | €58,295 | €46,332 | -€11,964 | -20.5% |
| Other amounts receivable | 41 | €129,301 | €174,449 | +€45,148 | +34.9% |
| Cash at bank and in hand | 54/58 | €111,614 | €103,639 | -€7,975 | -7.1% |
| Deferred charges and accrued income | 490/1 | €6,042 | €6,255 | +€213 | +3.5% |
| Total equity and liabilities | 10/49 | €932,226 | €917,790 | -€14,436 | -1.5% |
| Equity | 10/15 | €78,036 | €120,787 | +€42,752 | +54.8% |
| Contributions | 10/11 | €47,500 | €47,500 | = | 0.0% |
| Reserves | 13 | €91,525 | €91,525 | = | 0.0% |
| Distributable reserves | 133 | €91,525 | €91,525 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€60,989 | -€18,238 | +€42,752 | +70.1% |
| Amounts payable | 17/49 | €854,190 | €797,003 | -€57,187 | -6.7% |
| Amounts payable after more than one year | 17 | €560,706 | €532,949 | -€27,757 | -5.0% |
| Financial debts | 170/4 | €120,706 | €84,096 | -€36,610 | -30.3% |
| Trade debts | 175 | €440,000 | €448,853 | +€8,853 | +2.0% |
| Amounts payable within one year | 42/48 | €293,483 | €263,923 | -€29,560 | -10.1% |
| Current portion of amounts payable after more than one year | 42 | €92,749 | €87,610 | -€5,139 | -5.5% |
| Trade debts | 44 | €132,612 | €105,490 | -€27,122 | -20.5% |
| Suppliers | 440/4 | €132,612 | €105,490 | -€27,122 | -20.5% |
| Advances received on contracts in progress | 46 | €10,805 | €0 | -€10,805 | -100% |
| Taxes, remuneration and social security | 45 | €57,318 | €70,823 | +€13,505 | +23.6% |
| Taxes | 450/3 | €814 | €5,754 | +€4,940 | +607% |
| Remuneration and social security | 454/9 | €56,504 | €65,069 | +€8,565 | +15.2% |
| Accrued charges and deferred income | 492/3 | - | €130 | +€130 | |
| Remuneration, social security and pensions | 62 | €440,570 | €360,502 | -€80,068 | -18.2% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €93,202 | €92,237 | -€965 | -1.0% |
| Other operating charges | 640/8 | €7,484 | €6,097 | -€1,387 | -18.5% |
| Gross operating margin | 9900 | €606,155 | €525,876 | -€80,279 | -13.2% |
| Operating profit (loss) | 9901 | €64,897 | €67,039 | +€2,141 | +3.3% |
| Financial income | 75/76B | €6,597 | €7,520 | +€923 | +14.0% |
| Recurring financial income | 75 | €6,597 | €7,520 | +€923 | +14.0% |
| Financial charges | 65/66B | €30,444 | €26,053 | -€4,391 | -14.4% |
| Recurring financial charges | 65 | €30,444 | €26,053 | -€4,391 | -14.4% |
| Profit (loss) for the period before taxes | 9903 | €41,050 | €48,506 | +€7,455 | +18.2% |
| Income taxes | 67/77 | €814 | €5,754 | +€4,940 | +607% |
| Profit (loss) for the period | 9904 | €40,236 | €42,752 | +€2,515 | +6.3% |
| Profit (loss) for the period to be appropriated | 9905 | €40,236 | €42,752 | +€2,515 | +6.3% |
Source: filed annual accounts (NBB), financial years ended 30 September 2024 and 30 September 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 27 October 2026 via checked.be.