HEIRWEGH: 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.
HEIRWEGH
Largest movements
- Cash +€15,658
new in 2025: €15,658
mainly Advances received (+€32,830) and Depreciation (+€8,692)
- Receivables within one year +€7,832
up €7,832 (+16.0%), from €48,846 to €56,678
of which Other amounts receivable: +€13,010
- Tangible fixed assets -€5,692
down €5,692 (-17.1%), from €33,293 to €27,601
of which Leasing and similar rights: -€28,500
- Stocks and contracts +€2,885
up €2,885 (+19.9%), from €14,465 to €17,350
of which Contracts in progress: +€1,787
- Advances received +€32,830
new in 2025: €32,830
- Current portion of long-term debt -€7,032
down €7,032 (-100%), from €7,032 to €0
- Tax, wage and social debts -€4,108
down €4,108 (-59.0%), from €6,957 to €2,849
- Reserves +€3,835
up €3,835 (+8.9%), from €43,103 to €46,938
of which Distributable reserves: +€3,835
- Short-term financial debts -€3,036
down €3,036 (-100%), from €3,036 to €0
- Write-downs -€2,855
down €2,855 (-100%), from €2,855 to €0
- Financial income -€2,219
down €2,219 (-88.6%), from €2,505 to €286
of which Non-recurring financial income: -€2,189
- Other operating charges +€1,790
up €1,790 (+368%), from €486 to €2,277
- Gross operating margin +€643
up €643 (+3.7%), from €17,179 to €17,821
- Taxes +€386
up €386 (+15.7%), from €2,463 to €2,849
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 | €99,175 | €120,729 | +€21,554 | +21.7% |
| Fixed assets | 21/28 | €33,293 | €27,601 | -€5,692 | -17.1% |
| Tangible fixed assets | 22/27 | €33,293 | €27,601 | -€5,692 | -17.1% |
| Plant, machinery and equipment | 23 | €1,959 | €24,023 | +€22,063 | +1,126% |
| Furniture and vehicles | 24 | €2,833 | €3,579 | +€745 | +26.3% |
| Leasing and similar rights | 25 | €28,500 | €0 | -€28,500 | -100% |
| Other tangible fixed assets | 26 | €0 | - | = | |
| Current assets | 29/58 | €65,882 | €93,128 | +€27,246 | +41.4% |
| Stocks and contracts in progress | 3 | €14,465 | €17,350 | +€2,885 | +19.9% |
| Stocks | 30/36 | €14,465 | €15,563 | +€1,098 | +7.6% |
| Contracts in progress | 37 | - | €1,787 | +€1,787 | |
| Amounts receivable within one year | 40/41 | €48,846 | €56,678 | +€7,832 | +16.0% |
| Trade receivables | 40 | €42,295 | €37,117 | -€5,178 | -12.2% |
| Other amounts receivable | 41 | €6,552 | €19,561 | +€13,010 | +199% |
| Cash at bank and in hand | 54/58 | - | €15,658 | +€15,658 | |
| Deferred charges and accrued income | 490/1 | €2,571 | €3,442 | +€871 | +33.9% |
| Total equity and liabilities | 10/49 | €99,175 | €120,729 | +€21,554 | +21.7% |
| Equity | 10/15 | €56,103 | €59,938 | +€3,835 | +6.8% |
| Contributions | 10/11 | €13,000 | €13,000 | = | 0.0% |
| Reserves | 13 | €43,103 | €46,938 | +€3,835 | +8.9% |
| Non-distributable reserves | 130/1 | €2,000 | €2,000 | = | 0.0% |
| Reserves not available under the articles | 1311 | €2,000 | €2,000 | = | 0.0% |
| Distributable reserves | 133 | €41,103 | €44,938 | +€3,835 | +9.3% |
| Amounts payable | 17/49 | €43,072 | €60,791 | +€17,719 | +41.1% |
| Amounts payable after more than one year | 17 | €0 | - | = | |
| Financial debts | 170/4 | €0 | - | = | |
| Amounts payable within one year | 42/48 | €43,072 | €60,601 | +€17,529 | +40.7% |
| Current portion of amounts payable after more than one year | 42 | €7,032 | €0 | -€7,032 | -100% |
| Financial debts | 43 | €3,036 | €0 | -€3,036 | -100% |
| Credit institutions | 430/8 | €3,036 | €0 | -€3,036 | -100% |
| Trade debts | 44 | €26,046 | €24,921 | -€1,125 | -4.3% |
| Suppliers | 440/4 | €26,046 | €24,921 | -€1,125 | -4.3% |
| Advances received on contracts in progress | 46 | - | €32,830 | +€32,830 | |
| Taxes, remuneration and social security | 45 | €6,957 | €2,849 | -€4,108 | -59.0% |
| Taxes | 450/3 | €6,957 | €2,849 | -€4,108 | -59.0% |
| Other amounts payable | 47/48 | €0 | - | = | |
| Accrued charges and deferred income | 492/3 | - | €190 | +€190 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €8,662 | €8,692 | +€30 | +0.3% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | €2,855 | €0 | -€2,855 | -100% |
| Other operating charges | 640/8 | €486 | €2,277 | +€1,790 | +368% |
| Gross operating margin | 9900 | €17,179 | €17,821 | +€643 | +3.7% |
| Operating profit (loss) | 9901 | €5,176 | €6,853 | +€1,677 | +32.4% |
| Financial income | 75/76B | €2,505 | €286 | -€2,219 | -88.6% |
| Recurring financial income | 75 | €316 | €286 | -€30 | -9.5% |
| Non-recurring financial income | 76B | €2,189 | €0 | -€2,189 | -100% |
| Financial charges | 65/66B | €807 | €455 | -€352 | -43.6% |
| Recurring financial charges | 65 | €807 | €455 | -€352 | -43.6% |
| Profit (loss) for the period before taxes | 9903 | €6,874 | €6,684 | -€190 | -2.8% |
| Income taxes | 67/77 | €2,463 | €2,849 | +€386 | +15.7% |
| Profit (loss) for the period | 9904 | €4,411 | €3,835 | -€576 | -13.1% |
| Profit (loss) for the period to be appropriated | 9905 | €4,411 | €3,835 | -€576 | -13.1% |
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 17 October 2026 via checked.be.