HÉRITAGE: 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.
HÉRITAGE
Largest movements
- Stocks and contracts -€535,409
down €535,409 (-100%), from €535,409 to €0
- Cash +€174,971
up €174,971 (+1,008%), from €17,351 to €192,322
mainly Stocks and contracts (+€535,409) and Receivables within one year (+€93,516)
- Receivables within one year -€93,516
down €93,516 (-100%), from €93,516 to €0
of which Other amounts receivable: -€93,516
- Deferred charges and accrued income -€9,221
down €9,221 (-61.5%), from €15,005 to €5,784
- Short-term financial debts -€385,000
down €385,000 (-100%), from €385,000 to €0
- Other debts -€103,257
down €103,257 (-58.4%), from €176,831 to €73,574
- Trade debts +€26,556
up €26,556 (+64.3%), from €41,289 to €67,846
- Gross operating margin +€19,781
up €19,781 (+28.0%), from €70,714 to €90,496
- Financial charges -€15,432
down €15,432 (-36.3%), from €42,462 to €27,030
- Other operating charges -€3,461
down €3,461 (-44.2%), from €7,834 to €4,373
From the 2025 result to the 2026 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 2025 and 2026 balance sheets and the 2026 result: not a filed cash-flow statement. It shows where the money came from and went.
Every line side by side
| Line | Code | 2025 | 2026 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €661,281 | €198,106 | -€463,175 | -70.0% |
| Current assets | 29/58 | €661,281 | €198,106 | -€463,175 | -70.0% |
| Stocks and contracts in progress | 3 | €535,409 | €0 | -€535,409 | -100% |
| Stocks | 30/36 | €535,409 | €0 | -€535,409 | -100% |
| Amounts receivable within one year | 40/41 | €93,516 | €0 | -€93,516 | -100% |
| Trade receivables | 40 | €0 | - | = | |
| Other amounts receivable | 41 | €93,516 | €0 | -€93,516 | -100% |
| Cash at bank and in hand | 54/58 | €17,351 | €192,322 | +€174,971 | +1,008% |
| Deferred charges and accrued income | 490/1 | €15,005 | €5,784 | -€9,221 | -61.5% |
| Total equity and liabilities | 10/49 | €661,281 | €198,106 | -€463,175 | -70.0% |
| Equity | 10/15 | €55,696 | €55,891 | +€195 | +0.4% |
| Contributions | 10/11 | €50,000 | €50,000 | = | 0.0% |
| Reserves | 13 | €5,696 | €5,891 | +€195 | +3.4% |
| Distributable reserves | 133 | €5,696 | €5,891 | +€195 | +3.4% |
| Profit (loss) carried forward | 14 | €0 | €0 | = | |
| Amounts payable | 17/49 | €605,585 | €142,214 | -€463,371 | -76.5% |
| Amounts payable after more than one year | 17 | €0 | - | = | |
| Financial debts | 170/4 | €0 | - | = | |
| Amounts payable within one year | 42/48 | €603,515 | €142,214 | -€461,301 | -76.4% |
| Financial debts | 43 | €385,000 | €0 | -€385,000 | -100% |
| Credit institutions | 430/8 | €385,000 | €0 | -€385,000 | -100% |
| Trade debts | 44 | €41,289 | €67,846 | +€26,556 | +64.3% |
| Suppliers | 440/4 | €41,289 | €67,846 | +€26,556 | +64.3% |
| Taxes, remuneration and social security | 45 | €394 | €795 | +€400 | +101% |
| Taxes | 450/3 | €394 | €795 | +€400 | +101% |
| Other amounts payable | 47/48 | €176,831 | €73,574 | -€103,257 | -58.4% |
| Accrued charges and deferred income | 492/3 | €2,070 | €0 | -€2,070 | -100% |
| Other operating charges | 640/8 | €7,834 | €4,373 | -€3,461 | -44.2% |
| Gross operating margin | 9900 | €70,714 | €90,496 | +€19,781 | +28.0% |
| Operating profit (loss) | 9901 | €62,881 | €86,123 | +€23,242 | +37.0% |
| Financial income | 75/76B | €1,052 | €1,211 | +€160 | +15.2% |
| Recurring financial income | 75 | €1,052 | €1,211 | +€160 | +15.2% |
| Financial charges | 65/66B | €42,462 | €27,030 | -€15,432 | -36.3% |
| Recurring financial charges | 65 | €42,462 | €27,030 | -€15,432 | -36.3% |
| Profit (loss) for the period before taxes | 9903 | €21,470 | €60,304 | +€38,834 | +181% |
| Income taxes | 67/77 | €394 | €609 | +€214 | +54.3% |
| Profit (loss) for the period | 9904 | €21,076 | €59,695 | +€38,619 | +183% |
| Profit (loss) for the period to be appropriated | 9905 | €21,076 | €59,695 | +€38,619 | +183% |
Source: filed annual accounts (NBB), financial years ended 31 March 2025 and 31 March 2026. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 16 October 2026 via checked.be.