Heirwegh Logistics: what changed
What changed
Heirwegh Logistics
NACE 52.100, Warehousing and storage
filed annual accounts (NBB)
Net result for the year
€36,442
2024 · €25,806+€10,637
Equity
€23,168
2024 · €46,725-€23,558
Cash
€11,453
2024 · €8,697+€2,756
Balance sheet total
€516,712
2024 · €530,764-€14,053
Largest movements
Assets
- Tangible fixed assets -€7,732
down €7,732 (-1.5%), from €503,638 to €495,906
of which Land and buildings: -€7,258
- Receivables within one year -€6,476
down €6,476 (-40.9%), from €15,829 to €9,353
Equity and liabilities
- Other debts +€39,913
up €39,913 (+376%), from €10,620 to €50,533
- Debts after one year -€34,269
down €34,269 (-8.0%), from €428,122 to €393,853
- Reserves -€23,558
down €23,558 (-83.8%), from €28,125 to €4,568
Income statement
- Financial charges -€10,781
down €10,781 (-44.0%), from €24,495 to €13,714
- Taxes +€2,167
up €2,167 (+23.1%), from €9,381 to €11,548
- Gross operating margin +€1,117
up €1,117 (+1.5%), from €73,711 to €74,828
- Depreciation -€993
down €993 (-11.4%), from €8,725 to €7,732
Change in the result, 2024 to 2025
For each income-statement line you see the change as its effect on the result. Higher costs lower the result, higher income raises it.
Result 2024
€25,806
Gross operating margin
+€1,117
Depreciation
+€993
Other operating charges
-€137
Financial income
+€50
Financial charges
+€10,781
Taxes
-€2,167
Result 2025
€36,442
raises the resultlowers the result
Derived cash bridge
The bridge is derived from the 2024 and 2025 balance sheets and the 2025 result. There is no filed cash-flow statement. You see where the money came from and where it went.
From operations
+€95,227
Investment
€0
Financing
-€92,470
Cash 2024
€8,697
From operations (derived)
+€95,227
Net result for the year
+€36,442
Depreciation
+€7,732
Receivables within one year
+€6,476
Deferred charges and accrued income
+€2,601
Trade debts
+€562
Tax, wage and social debts
+€1,500
Other debts
+€39,913
Financing
-€92,470
Debts after one year
-€34,269
Current portion of long-term debt
+€1,799
Contributions, distributions and other
-€60,000
Cash 2025
€11,453
brings cash intakes cash out
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €530,764 | €516,712 | -€14,053 | -2.6% |
| Fixed assets | 21/28 | €503,638 | €495,906 | -€7,732 | -1.5% |
| Tangible fixed assets | 22/27 | €503,638 | €495,906 | -€7,732 | -1.5% |
| Land and buildings | 22 | €503,164 | €495,906 | -€7,258 | -1.4% |
| Plant, machinery and equipment | 23 | €474 | €0 | -€474 | -100% |
| Current assets | 29/58 | €27,127 | €20,806 | -€6,321 | -23.3% |
| Amounts receivable within one year | 40/41 | €15,829 | €9,353 | -€6,476 | -40.9% |
| Trade receivables | 40 | €15,829 | €9,353 | -€6,476 | -40.9% |
| Cash at bank and in hand | 54/58 | €8,697 | €11,453 | +€2,756 | +31.7% |
| Deferred charges and accrued income | 490/1 | €2,601 | €0 | -€2,601 | -100% |
| Total equity and liabilities | 10/49 | €530,764 | €516,712 | -€14,053 | -2.6% |
| Equity | 10/15 | €46,725 | €23,168 | -€23,558 | -50.4% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €28,125 | €4,568 | -€23,558 | -83.8% |
| Distributable reserves | 133 | €28,125 | €4,568 | -€23,558 | -83.8% |
| Profit (loss) carried forward | 14 | €0 | €0 | = | |
| Amounts payable | 17/49 | €484,039 | €493,544 | +€9,505 | +2.0% |
| Amounts payable after more than one year | 17 | €428,122 | €393,853 | -€34,269 | -8.0% |
| Financial debts | 170/4 | €428,122 | €393,853 | -€34,269 | -8.0% |
| Amounts payable within one year | 42/48 | €54,917 | €98,692 | +€43,774 | +79.7% |
| Current portion of amounts payable after more than one year | 42 | €32,470 | €34,269 | +€1,799 | +5.5% |
| Trade debts | 44 | €398 | €961 | +€562 | +141% |
| Suppliers | 440/4 | €398 | €961 | +€562 | +141% |
| Advances received on contracts in progress | 46 | €4,000 | €4,000 | = | 0.0% |
| Taxes, remuneration and social security | 45 | €7,428 | €8,928 | +€1,500 | +20.2% |
| Taxes | 450/3 | €7,428 | €8,928 | +€1,500 | +20.2% |
| Other amounts payable | 47/48 | €10,620 | €50,533 | +€39,913 | +376% |
| Accrued charges and deferred income | 492/3 | €1,000 | €1,000 | = | 0.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €8,725 | €7,732 | -€993 | -11.4% |
| Other operating charges | 640/8 | €5,305 | €5,442 | +€137 | +2.6% |
| Gross operating margin | 9900 | €73,711 | €74,828 | +€1,117 | +1.5% |
| Operating profit (loss) | 9901 | €59,682 | €61,654 | +€1,972 | +3.3% |
| Financial income | 75/76B | - | €50 | +€50 | |
| Recurring financial income | 75 | - | €50 | +€50 | |
| Financial charges | 65/66B | €24,495 | €13,714 | -€10,781 | -44.0% |
| Recurring financial charges | 65 | €24,495 | €13,714 | -€10,781 | -44.0% |
| Profit (loss) for the period before taxes | 9903 | €35,187 | €47,990 | +€12,803 | +36.4% |
| Income taxes | 67/77 | €9,381 | €11,548 | +€2,167 | +23.1% |
| Profit (loss) for the period | 9904 | €25,806 | €36,442 | +€10,637 | +41.2% |
| Profit (loss) for the period to be appropriated | 9905 | €25,806 | €36,442 | +€10,637 | +41.2% |
Next steps
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Calculation and sources
Source: filed annual accounts (NBB), financial years ended 31 December 2024 and 31 December 2025. Green is a favourable move for that line, red an unfavourable one. Prepared on 3 November 2026 via checked.be.