Heredes De Meyer: 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.
Heredes De Meyer
Largest movements
- Receivables within one year +€407,876
up €407,876 (+435.5%), from €93,662 to €501,539
of which Other amounts receivable: +€408,326
- Tangible fixed assets -€21,357
down €21,357 (-8.5%), from €249,859 to €228,502
of which Other tangible fixed assets: -€12,917
- Debts after one year +€442,901
up €442,901 (+680.4%), from €65,099 to €508,000
of which Financial debts: +€469,087
- Profit (loss) carried forward -€38,418
down €38,418 (-20.5%), from €187,322 to €148,904
- Current portion of long-term debt -€9,469
no longer reported in 2025 (was €9,469)
- Financial charges +€16,668
up €16,668 (+460.1%), from €3,622 to €20,290
- Other operating charges +€11,731
up €11,731 (+1236.1%), from €949 to €12,680
- Gross operating margin -€6,621
down €6,621 (-29.4%), from €22,530 to €15,909
- Financial income -€3,725
no longer reported in 2025 (was €3,725)
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 | €343,521 | €730,641 | +€387,120 | +112.7% |
| Fixed assets | 21/28 | €249,859 | €228,502 | -€21,357 | -8.5% |
| Tangible fixed assets | 22/27 | €249,859 | €228,502 | -€21,357 | -8.5% |
| Plant, machinery and equipment | 23 | €77,089 | €68,649 | -€8,440 | -10.9% |
| Furniture and vehicles | 24 | €0 | €0 | = | |
| Other tangible fixed assets | 26 | €172,770 | €159,853 | -€12,917 | -7.5% |
| Current assets | 29/58 | €93,662 | €502,139 | +€408,477 | +436.1% |
| Amounts receivable within one year | 40/41 | €93,662 | €501,539 | +€407,876 | +435.5% |
| Trade receivables | 40 | €600 | €150 | -€450 | -75.0% |
| Other amounts receivable | 41 | €93,062 | €501,389 | +€408,326 | +438.8% |
| Cash at bank and in hand | 54/58 | - | €197 | +€197 | |
| Deferred charges and accrued income | 490/1 | - | €403 | +€403 | |
| Total equity and liabilities | 10/49 | €343,521 | €730,641 | +€387,120 | +112.7% |
| Equity | 10/15 | €260,354 | €221,936 | -€38,418 | -14.8% |
| Contributions | 10/11 | €19,000 | €19,000 | = | 0.0% |
| Reserves | 13 | €54,032 | €54,032 | = | 0.0% |
| Distributable reserves | 133 | €54,032 | €54,032 | = | 0.0% |
| Profit (loss) carried forward | 14 | €187,322 | €148,904 | -€38,418 | -20.5% |
| Amounts payable | 17/49 | €83,167 | €508,705 | +€425,538 | +511.7% |
| Amounts payable after more than one year | 17 | €65,099 | €508,000 | +€442,901 | +680.4% |
| Financial debts | 170/4 | €38,913 | €508,000 | +€469,087 | +1205.5% |
| Other amounts payable | 178/9 | €26,186 | - | -€26,186 | |
| Amounts payable within one year | 42/48 | €18,068 | €705 | -€17,364 | -96.1% |
| Current portion of amounts payable after more than one year | 42 | €9,469 | - | -€9,469 | |
| Financial debts | 43 | €4,956 | - | -€4,956 | |
| Credit institutions | 430/8 | €4,956 | - | -€4,956 | |
| Trade debts | 44 | €393 | €705 | +€312 | +79.2% |
| Suppliers | 440/4 | €393 | €705 | +€312 | +79.2% |
| Other amounts payable | 47/48 | €3,250 | - | -€3,250 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €21,357 | €21,357 | -€0 | 0.0% |
| Other operating charges | 640/8 | €949 | €12,680 | +€11,731 | +1236.1% |
| Gross operating margin | 9900 | €22,530 | €15,909 | -€6,621 | -29.4% |
| Operating profit (loss) | 9901 | €224 | -€18,128 | -€18,352 | |
| Financial income | 75/76B | €3,725 | - | -€3,725 | |
| Recurring financial income | 75 | €3,725 | - | -€3,725 | |
| Financial charges | 65/66B | €3,622 | €20,290 | +€16,668 | +460.1% |
| Recurring financial charges | 65 | €3,622 | €20,290 | +€16,668 | +460.1% |
| Profit (loss) for the period before taxes | 9903 | €327 | -€38,418 | -€38,744 | |
| Income taxes | 67/77 | €11 | - | -€11 | |
| Profit (loss) for the period | 9904 | €316 | -€38,418 | -€38,734 | |
| Profit (loss) for the period to be appropriated | 9905 | €316 | -€38,418 | -€38,734 |
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 8 October 2026 via checked.be.