HEIST IMMO: 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 IMMO
Largest movements
- Cash +€298,058
up €298,058 (+697.6%), from €42,723 to €340,781
mainly Net result for the year (+€305,892) and Stocks and contracts (+€286,895)
- Stocks and contracts -€286,895
down €286,895 (-52.4%), from €547,708 to €260,813
- Receivables within one year +€192,965
up €192,965 (+133.7%), from €144,352 to €337,318
of which Trade receivables: +€100,296
- Tangible fixed assets +€43,894
up €43,894 (+3.0%), from €1.5m to €1.5m
of which Furniture and vehicles: +€83,776
- Reserves +€305,892
up €305,892 (+42.4%), from €721,724 to €1.0m
- Short-term financial debts -€120,000
no longer reported in 2025 (was €120,000)
- Debts after one year -€115,728
down €115,728 (-9.7%), from €1.2m to €1.1m
- Trade debts +€101,443
up €101,443 (+1270.8%), from €7,982 to €109,425
- Tax, wage and social debts +€70,354
up €70,354 (+165.9%), from €42,398 to €112,752
of which Taxes: +€70,096
- Gross operating margin +€383,618
up €383,618 (+144.7%), from €265,106 to €648,723
- Taxes +€122,895
up €122,895 (+438.7%), from €28,016 to €150,911
- Financial charges +€18,896
up €18,896 (+49.1%), from €38,491 to €57,387
- Depreciation +€16,315
up €16,315 (+25.5%), from €64,013 to €80,328
- Other operating charges -€14,176
down €14,176 (-56.7%), from €24,998 to €10,821
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.
Cash bridge derived
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 | €2,203,132 | €2,446,588 | +€243,456 | +11.1% |
| Fixed assets | 21/28 | €1,463,782 | €1,507,677 | +€43,894 | +3.0% |
| Tangible fixed assets | 22/27 | €1,463,782 | €1,507,677 | +€43,894 | +3.0% |
| Land and buildings | 22 | €1,165,059 | €1,127,240 | -€37,819 | -3.2% |
| Furniture and vehicles | 24 | €266,459 | €350,235 | +€83,776 | +31.4% |
| Other tangible fixed assets | 26 | €32,264 | €30,202 | -€2,063 | -6.4% |
| Current assets | 29/58 | €739,349 | €938,911 | +€199,562 | +27.0% |
| Stocks and contracts in progress | 3 | €547,708 | €260,813 | -€286,895 | -52.4% |
| Stocks | 30/36 | €547,708 | €260,813 | -€286,895 | -52.4% |
| Amounts receivable within one year | 40/41 | €144,352 | €337,318 | +€192,965 | +133.7% |
| Trade receivables | 40 | €96,122 | €196,418 | +€100,296 | +104.3% |
| Other amounts receivable | 41 | €48,231 | €140,900 | +€92,669 | +192.1% |
| Cash at bank and in hand | 54/58 | €42,723 | €340,781 | +€298,058 | +697.6% |
| Deferred charges and accrued income | 490/1 | €4,566 | - | -€4,566 | |
| Total equity and liabilities | 10/49 | €2,203,132 | €2,446,588 | +€243,456 | +11.1% |
| Equity | 10/15 | €729,969 | €1,035,861 | +€305,892 | +41.9% |
| Contributions | 10/11 | €8,245 | €8,245 | = | 0.0% |
| Reserves | 13 | €721,724 | €1,027,616 | +€305,892 | +42.4% |
| Distributable reserves | 133 | €721,724 | €1,027,616 | +€305,892 | +42.4% |
| Amounts payable | 17/49 | €1,473,163 | €1,410,727 | -€62,436 | -4.2% |
| Amounts payable after more than one year | 17 | €1,188,549 | €1,072,821 | -€115,728 | -9.7% |
| Financial debts | 170/4 | €1,188,549 | €1,072,821 | -€115,728 | -9.7% |
| Amounts payable within one year | 42/48 | €284,229 | €337,906 | +€53,677 | +18.9% |
| Current portion of amounts payable after more than one year | 42 | €113,849 | €115,728 | +€1,880 | +1.7% |
| Financial debts | 43 | €120,000 | - | -€120,000 | |
| Credit institutions | 430/8 | €120,000 | - | -€120,000 | |
| Trade debts | 44 | €7,982 | €109,425 | +€101,443 | +1270.8% |
| Suppliers | 440/4 | €7,982 | €109,425 | +€101,443 | +1270.8% |
| Taxes, remuneration and social security | 45 | €42,398 | €112,752 | +€70,354 | +165.9% |
| Taxes | 450/3 | €35,223 | €105,319 | +€70,096 | +199.0% |
| Remuneration and social security | 454/9 | €7,175 | €7,433 | +€258 | +3.6% |
| Accrued charges and deferred income | 492/3 | €384 | - | -€384 | |
| Non-recurring operating income | 76A | €4,544 | - | -€4,544 | |
| Remuneration, social security and pensions | 62 | €44,927 | €47,168 | +€2,241 | +5.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €64,013 | €80,328 | +€16,315 | +25.5% |
| Other operating charges | 640/8 | €24,998 | €10,821 | -€14,176 | -56.7% |
| Gross operating margin | 9900 | €265,106 | €648,723 | +€383,618 | +144.7% |
| Operating profit (loss) | 9901 | €131,168 | €510,406 | +€379,238 | +289.1% |
| Financial income | 75/76B | €1,589 | €3,784 | +€2,195 | +138.2% |
| Recurring financial income | 75 | €1,589 | €3,784 | +€2,195 | +138.2% |
| Financial charges | 65/66B | €38,491 | €57,387 | +€18,896 | +49.1% |
| Recurring financial charges | 65 | €38,491 | €57,387 | +€18,896 | +49.1% |
| Profit (loss) for the period before taxes | 9903 | €94,266 | €456,803 | +€362,537 | +384.6% |
| Income taxes | 67/77 | €28,016 | €150,911 | +€122,895 | +438.7% |
| Profit (loss) for the period | 9904 | €66,250 | €305,892 | +€239,642 | +361.7% |
| Profit (loss) for the period to be appropriated | 9905 | €66,250 | €305,892 | +€239,642 | +361.7% |
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 12 October 2026 via checked.be.