HEITOR: what changed
Two fiscal 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.
HEITOR
Largest movements
- Cash +€66,527
up €66,527 (+516.6%), from €12,879 to €79,406
mainly Other debts (+€89,274) and Depreciation (+€29,028)
- Tangible fixed assets -€26,106
down €26,106 (-4.4%), from €587,929 to €561,823
of which Land and buildings: -€15,196
- Other debts +€89,274
up €89,274 (+2204.6%), from €4,049 to €93,323
- Debts after one year -€29,578
down €29,578 (-6.8%), from €436,129 to €406,551
- Profit (loss) carried forward -€23,186
down €23,186 (-21.1%), from -€110,102 to -€133,288
- Gross operating margin +€19,784
up €19,784, from -€4,016 to €15,768
- Other operating charges +€3,241
up €3,241 (+117.0%), from €2,771 to €6,012
- Depreciation -€3,152
down €3,152 (-9.8%), from €32,181 to €29,028
- Financial charges -€587
down €587 (-13.0%), from €4,501 to €3,913
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 | €614,840 | €647,490 | +€32,650 | +5.3% |
| Fixed assets | 21/28 | €588,798 | €562,355 | -€26,443 | -4.5% |
| Intangible fixed assets | 21 | €869 | €532 | -€337 | -38.8% |
| Tangible fixed assets | 22/27 | €587,929 | €561,823 | -€26,106 | -4.4% |
| Land and buildings | 22 | €561,408 | €546,212 | -€15,196 | -2.7% |
| Plant, machinery and equipment | 23 | €9,261 | €7,226 | -€2,035 | -22.0% |
| Furniture and vehicles | 24 | €17,260 | €8,385 | -€8,875 | -51.4% |
| Current assets | 29/58 | €26,042 | €85,135 | +€59,093 | +226.9% |
| Stocks and contracts in progress | 3 | €3,002 | €1,645 | -€1,357 | -45.2% |
| Stocks | 30/36 | €3,002 | €1,645 | -€1,357 | -45.2% |
| Amounts receivable within one year | 40/41 | €7,705 | €1,670 | -€6,035 | -78.3% |
| Trade receivables | 40 | €7,656 | €1,670 | -€5,986 | -78.2% |
| Other amounts receivable | 41 | €49 | €0 | -€49 | -100.0% |
| Cash at bank and in hand | 54/58 | €12,879 | €79,406 | +€66,527 | +516.6% |
| Deferred charges and accrued income | 490/1 | €2,456 | €2,415 | -€41 | -1.7% |
| Total equity and liabilities | 10/49 | €614,840 | €647,490 | +€32,650 | +5.3% |
| Equity | 10/15 | €139,898 | €116,712 | -€23,186 | -16.6% |
| Contributions | 10/11 | €250,000 | €250,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€110,102 | -€133,288 | -€23,186 | -21.1% |
| Amounts payable | 17/49 | €474,942 | €530,778 | +€55,836 | +11.8% |
| Amounts payable after more than one year | 17 | €436,129 | €406,551 | -€29,578 | -6.8% |
| Financial debts | 170/4 | €436,129 | €406,551 | -€29,578 | -6.8% |
| Amounts payable within one year | 42/48 | €38,813 | €124,227 | +€85,414 | +220.1% |
| Current portion of amounts payable after more than one year | 42 | €29,136 | €29,578 | +€443 | +1.5% |
| Financial debts | 43 | €128 | €74 | -€54 | -42.3% |
| Credit institutions | 430/8 | €128 | €74 | -€54 | -42.3% |
| Trade debts | 44 | €4,753 | €809 | -€3,943 | -83.0% |
| Suppliers | 440/4 | €4,753 | €809 | -€3,943 | -83.0% |
| Taxes, remuneration and social security | 45 | €747 | €442 | -€305 | -40.8% |
| Taxes | 450/3 | €747 | €442 | -€305 | -40.8% |
| Other amounts payable | 47/48 | €4,049 | €93,323 | +€89,274 | +2204.6% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €32,181 | €29,028 | -€3,152 | -9.8% |
| Other operating charges | 640/8 | €2,771 | €6,012 | +€3,241 | +117.0% |
| Gross operating margin | 9900 | -€4,016 | €15,768 | +€19,784 | |
| Operating profit (loss) | 9901 | -€38,968 | -€19,272 | +€19,696 | +50.5% |
| Financial income | 75/76B | €64 | €0 | -€64 | -100.0% |
| Recurring financial income | 75 | €64 | €0 | -€64 | -100.0% |
| Financial charges | 65/66B | €4,501 | €3,913 | -€587 | -13.0% |
| Recurring financial charges | 65 | €4,501 | €3,913 | -€587 | -13.0% |
| Profit (loss) for the period before taxes | 9903 | -€43,405 | -€23,186 | +€20,219 | +46.6% |
| Profit (loss) for the period | 9904 | -€43,405 | -€23,186 | +€20,219 | +46.6% |
| Profit (loss) for the period to be appropriated | 9905 | -€43,405 | -€23,186 | +€20,219 | +46.6% |
Source: filed annual accounts (NBB), fiscal years ended 31 December 2024 and 31 December 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 5 October 2026 via checked.be.