Heivelden: 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.
Heivelden
Largest movements
- Receivables within one year +€78,041
up €78,041 (+186.6%), from €41,821 to €119,863
of which Trade receivables: +€93,597
- Tangible fixed assets -€48,925
down €48,925 (-6.4%), from €764,343 to €715,418
of which Land and buildings: -€31,534
- Cash +€11,473
up €11,473 (+35.3%), from €32,498 to €43,972
mainly Depreciation (+€48,925) and Net result for the year (+€38,615)
- Reserves +€38,615
up €38,615 (+50.5%), from €76,476 to €115,091
- Tax, wage and social debts +€26,930
up €26,930 (+7956.6%), from €338 to €27,268
- Debts after one year -€26,614
down €26,614 (-5.2%), from €507,030 to €480,415
of which Financial debts: -€26,614
- Gross operating margin +€38,204
up €38,204 (+50.7%), from €75,348 to €113,552
- Taxes +€17,834
up €17,834 (+5269.3%), from €338 to €18,173
- Depreciation +€3,442
up €3,442 (+7.6%), from €45,483 to €48,925
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 | €846,639 | €884,864 | +€38,225 | +4.5% |
| Fixed assets | 21/28 | €764,718 | €715,793 | -€48,925 | -6.4% |
| Tangible fixed assets | 22/27 | €764,343 | €715,418 | -€48,925 | -6.4% |
| Land and buildings | 22 | €692,626 | €661,092 | -€31,534 | -4.6% |
| Plant, machinery and equipment | 23 | €69,926 | €54,326 | -€15,600 | -22.3% |
| Furniture and vehicles | 24 | €1,791 | €0 | -€1,791 | -100.0% |
| Financial fixed assets | 28 | €375 | €375 | = | 0.0% |
| Current assets | 29/58 | €81,921 | €169,071 | +€87,150 | +106.4% |
| Amounts receivable within one year | 40/41 | €41,821 | €119,863 | +€78,041 | +186.6% |
| Trade receivables | 40 | €26,265 | €119,863 | +€93,597 | +356.4% |
| Other amounts receivable | 41 | €15,556 | €0 | -€15,556 | -100.0% |
| Cash at bank and in hand | 54/58 | €32,498 | €43,972 | +€11,473 | +35.3% |
| Deferred charges and accrued income | 490/1 | €7,601 | €5,237 | -€2,365 | -31.1% |
| Total equity and liabilities | 10/49 | €846,639 | €884,864 | +€38,225 | +4.5% |
| Equity | 10/15 | €95,068 | €133,683 | +€38,615 | +40.6% |
| Contributions | 10/11 | €18,592 | €18,592 | = | 0.0% |
| Reserves | 13 | €76,476 | €115,091 | +€38,615 | +50.5% |
| Distributable reserves | 133 | €76,476 | €115,091 | +€38,615 | +50.5% |
| Profit (loss) carried forward | 14 | €0 | - | = | |
| Amounts payable | 17/49 | €751,571 | €751,181 | -€390 | -0.1% |
| Amounts payable after more than one year | 17 | €507,030 | €480,415 | -€26,614 | -5.2% |
| Financial debts | 170/4 | €500,860 | €474,245 | -€26,614 | -5.3% |
| Other amounts payable | 178/9 | €6,170 | €6,170 | = | 0.0% |
| Amounts payable within one year | 42/48 | €242,146 | €269,670 | +€27,524 | +11.4% |
| Current portion of amounts payable after more than one year | 42 | €26,342 | €26,614 | +€273 | +1.0% |
| Trade debts | 44 | €6,957 | €9,071 | +€2,115 | +30.4% |
| Suppliers | 440/4 | €6,957 | €9,071 | +€2,115 | +30.4% |
| Taxes, remuneration and social security | 45 | €338 | €27,268 | +€26,930 | +7956.6% |
| Taxes | 450/3 | €338 | €27,268 | +€26,930 | +7956.6% |
| Other amounts payable | 47/48 | €208,509 | €206,717 | -€1,793 | -0.9% |
| Accrued charges and deferred income | 492/3 | €2,395 | €1,095 | -€1,300 | -54.3% |
| Non-recurring operating income | 76A | €0 | - | = | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €45,483 | €48,925 | +€3,442 | +7.6% |
| Other operating charges | 640/8 | €5,036 | €4,120 | -€917 | -18.2% |
| Gross operating margin | 9900 | €75,348 | €113,552 | +€38,204 | +50.7% |
| Operating profit (loss) | 9901 | €24,828 | €60,507 | +€35,679 | +143.7% |
| Financial income | 75/76B | €5 | €64 | +€59 | +1261.9% |
| Recurring financial income | 75 | €5 | €64 | +€59 | +1261.9% |
| Financial charges | 65/66B | €3,856 | €3,783 | -€73 | -1.9% |
| Recurring financial charges | 65 | €3,856 | €3,783 | -€73 | -1.9% |
| Profit (loss) for the period before taxes | 9903 | €20,977 | €56,788 | +€35,812 | +170.7% |
| Income taxes | 67/77 | €338 | €18,173 | +€17,834 | +5269.3% |
| Profit (loss) for the period | 9904 | €20,638 | €38,615 | +€17,977 | +87.1% |
| Profit (loss) for the period to be appropriated | 9905 | €20,638 | €38,615 | +€17,977 | +87.1% |
Source: filed annual accounts (NBB), financial years ended 31 December 2024 and 31 December 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 12 October 2026 via checked.be.