HEIST-FARMA: 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.
HEIST-FARMA
Largest movements
- Stocks and contracts +€34,594
up €34,594 (+19.6%), from €176,479 to €211,074
- Cash +€30,597
up €30,597 (+15.1%), from €202,079 to €232,676
mainly Net result for the year (+€184,185) and Tax, wage and social debts (+€24,266)
- Receivables within one year +€17,150
up €17,150 (+15.0%), from €114,153 to €131,303
of which Trade receivables: +€18,021
- Profit (loss) carried forward +€84,185
up €84,185 (+54.4%), from €154,639 to €238,824
- Reserves -€54,721
down €54,721 (-41.8%), from €130,784 to €76,063
of which Distributable reserves: -€54,721
- Tax, wage and social debts +€24,266
up €24,266 (+164%), from €14,760 to €39,026
of which Taxes: +€20,422
- Trade debts +€21,887
up €21,887 (+31.2%), from €70,170 to €92,058
- Other debts +€8,775
up €8,775 (+6.5%), from €135,366 to €144,141
- Gross operating margin +€98,079
up €98,079 (+34.0%), from €288,331 to €386,411
- Staff costs +€29,616
up €29,616 (+25.5%), from €116,218 to €145,834
- Taxes +€18,627
up €18,627 (+149%), from €12,489 to €31,116
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 | €526,164 | €610,567 | +€84,403 | +16.0% |
| Fixed assets | 21/28 | €15,004 | €19,373 | +€4,368 | +29.1% |
| Intangible fixed assets | 21 | €0 | €0 | = | |
| Tangible fixed assets | 22/27 | €10,004 | €14,373 | +€4,368 | +43.7% |
| Plant, machinery and equipment | 23 | €6,067 | €6,979 | +€912 | +15.0% |
| Furniture and vehicles | 24 | €545 | €4,924 | +€4,379 | +804% |
| Other tangible fixed assets | 26 | €3,392 | €2,469 | -€923 | -27.2% |
| Financial fixed assets | 28 | €5,000 | €5,000 | = | 0.0% |
| Current assets | 29/58 | €511,160 | €591,194 | +€80,035 | +15.7% |
| Stocks and contracts in progress | 3 | €176,479 | €211,074 | +€34,594 | +19.6% |
| Stocks | 30/36 | €176,479 | €211,074 | +€34,594 | +19.6% |
| Amounts receivable within one year | 40/41 | €114,153 | €131,303 | +€17,150 | +15.0% |
| Trade receivables | 40 | €111,556 | €129,577 | +€18,021 | +16.2% |
| Other amounts receivable | 41 | €2,597 | €1,726 | -€871 | -33.5% |
| Cash at bank and in hand | 54/58 | €202,079 | €232,676 | +€30,597 | +15.1% |
| Deferred charges and accrued income | 490/1 | €18,448 | €16,141 | -€2,307 | -12.5% |
| Total equity and liabilities | 10/49 | €526,164 | €610,567 | +€84,403 | +16.0% |
| Equity | 10/15 | €305,423 | €334,887 | +€29,464 | +9.6% |
| Contributions | 10/11 | €20,000 | €20,000 | = | 0.0% |
| Reserves | 13 | €130,784 | €76,063 | -€54,721 | -41.8% |
| Tax-exempt reserves | 132 | €49,863 | €49,863 | = | 0.0% |
| Distributable reserves | 133 | €80,921 | €26,200 | -€54,721 | -67.6% |
| Profit (loss) carried forward | 14 | €154,639 | €238,824 | +€84,185 | +54.4% |
| Amounts payable | 17/49 | €220,741 | €275,680 | +€54,939 | +24.9% |
| Amounts payable within one year | 42/48 | €220,296 | €275,225 | +€54,929 | +24.9% |
| Trade debts | 44 | €70,170 | €92,058 | +€21,887 | +31.2% |
| Suppliers | 440/4 | €70,170 | €92,058 | +€21,887 | +31.2% |
| Taxes, remuneration and social security | 45 | €14,760 | €39,026 | +€24,266 | +164% |
| Taxes | 450/3 | €816 | €21,238 | +€20,422 | +2,502% |
| Remuneration and social security | 454/9 | €13,943 | €17,788 | +€3,844 | +27.6% |
| Other amounts payable | 47/48 | €135,366 | €144,141 | +€8,775 | +6.5% |
| Accrued charges and deferred income | 492/3 | €445 | €456 | +€10 | +2.3% |
| Remuneration, social security and pensions | 62 | €116,218 | €145,834 | +€29,616 | +25.5% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €4,824 | €2,134 | -€2,690 | -55.8% |
| Other operating charges | 640/8 | €1,198 | €1,594 | +€396 | +33.1% |
| Gross operating margin | 9900 | €288,331 | €386,411 | +€98,079 | +34.0% |
| Operating profit (loss) | 9901 | €166,092 | €236,849 | +€70,757 | +42.6% |
| Financial income | 75/76B | €3,130 | €2,479 | -€651 | -20.8% |
| Recurring financial income | 75 | €3,130 | €2,479 | -€651 | -20.8% |
| Financial charges | 65/66B | €22,515 | €24,027 | +€1,512 | +6.7% |
| Recurring financial charges | 65 | €22,515 | €24,027 | +€1,512 | +6.7% |
| Profit (loss) for the period before taxes | 9903 | €146,707 | €215,301 | +€68,594 | +46.8% |
| Income taxes | 67/77 | €12,489 | €31,116 | +€18,627 | +149% |
| Profit (loss) for the period | 9904 | €134,218 | €184,185 | +€49,967 | +37.2% |
| Profit (loss) for the period to be appropriated | 9905 | €134,218 | €184,185 | +€49,967 | +37.2% |
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 30 October 2026 via checked.be.