HERITAGE 1466: what changed
What changed
HERITAGE 1466
NACE 10.510, Manufacture of food products
filed annual accounts (NBB)
Net result for the year
€263,520
2024 · €614,380-€350,860
Equity
€9.2m
2024 · €8.3m+€884,806
Cash
€452,730
2024 · €526,126-€73,396
Balance sheet total
€17.7m
2024 · €14.3m+€3.4m
Largest movements
Assets
- Tangible fixed assets +€2.7m
up €2.7m (+27.5%), from €9.9m to €12.6m
of which Plant, machinery and equipment: +€8.5m
- Receivables within one year +€402,090
up €402,090 (+16.9%), from €2.4m to €2.8m
of which Other amounts receivable: +€467,742
- Stocks and contracts +€356,695
up €356,695 (+27.9%), from €1.3m to €1.6m
Equity and liabilities
- Debts after one year +€3.1m
up €3.1m (+213%), from €1.4m to €4.5m
- Investment grants +€823,286
up €823,286 (+58.5%), from €1.4m to €2.2m
- Trade debts -€738,428
down €738,428 (-24.0%), from €3.1m to €2.3m
- Other debts +€202,000
up €202,000 (+48.1%), from €420,000 to €622,000
Income statement
- Turnover +€1.7m
up €1.7m (+10.1%), from €17.3m to €19.0m
- Goods and materials +€1.3m
up €1.3m (+12.1%), from €10.8m to €12.1m
of which Purchases: +€1.6m
- Depreciation +€413,071
up €413,071 (+35.9%), from €1.2m to €1.6m
- Services and other goods +€228,529
up €228,529 (+8.6%), from €2.7m to €2.9m
Change in the result, 2024 to 2025
For each income-statement line you see the change as its effect on the result. Higher costs lower the result, higher income raises it.
Result 2024
€614,380
Turnover
+€1.7m
Other operating income
-€4,549
Goods and materials
-€1.3m
Services and other goods
-€228,529
Staff costs
-€93,878
Depreciation
-€413,071
Provisions
-€12,005
Other operating charges
-€49,494
Other operating items
-€114,511
Financial income
+€111,873
Financial charges
-€129,172
Taxes
+€151,483
Result 2025
€263,520
raises the resultlowers the resultnot broken down further in the accounts
Derived cash bridge
The bridge is derived from the 2024 and 2025 balance sheets and the 2025 result. There is no filed cash-flow statement. You see where the money came from and where it went.
From operations
+€487,351
Investment
-€4.3m
Financing
+€3.7m
Cash 2024
€526,126
From operations (derived)
+€487,351
Net result for the year
+€263,520
Depreciation
+€1.6m
Stocks and contracts
-€356,695
Receivables within one year
-€402,090
Deferred charges and accrued income
-€631
Trade debts
-€738,428
Tax, wage and social debts
-€45,223
Other debts
+€202,000
Investment (derived)
-€4.3m
Investment in fixed assets (net)
-€4.3m
Financing
+€3.7m
Debts after one year
+€3.1m
Current portion of long-term debt
+€22,191
Contributions, distributions and other
+€621,286
Cash 2025
€452,730
brings cash intakes cash out
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €14,258,038 | €17,650,378 | +€3.4m | +23.8% |
| Fixed assets | 21/28 | €10,074,604 | €12,780,923 | +€2.7m | +26.9% |
| Intangible fixed assets | 21 | €46,742 | €30,797 | -€15,945 | -34.1% |
| Tangible fixed assets | 22/27 | €9,910,435 | €12,632,699 | +€2.7m | +27.5% |
| Land and buildings | 22 | €1,921,605 | €1,875,823 | -€45,783 | -2.4% |
| Plant, machinery and equipment | 23 | €2,082,701 | €10,631,837 | +€8.5m | +410% |
| Furniture and vehicles | 24 | €142,116 | €113,941 | -€28,175 | -19.8% |
| Assets under construction and advance payments | 27 | €5,764,013 | €11,098 | -€5.8m | -99.8% |
| Financial fixed assets | 28 | €117,428 | €117,428 | = | 0.0% |
| Affiliated companies | 280/1 | €117,408 | €117,408 | = | 0.0% |
| Participating interests | 280 | €117,408 | €117,408 | = | 0.0% |
| Other financial fixed assets | 284/8 | €20 | €20 | = | 0.0% |
| Amounts receivable and cash guarantees | 285/8 | €20 | €20 | = | 0.0% |
| Current assets | 29/58 | €4,183,434 | €4,869,455 | +€686,021 | +16.4% |
| Stocks and contracts in progress | 3 | €1,276,728 | €1,633,423 | +€356,695 | +27.9% |
| Stocks | 30/36 | €1,276,728 | €1,633,423 | +€356,695 | +27.9% |
| Raw materials and consumables | 30/31 | €425,720 | €520,488 | +€94,768 | +22.3% |
| Finished goods | 33 | €851,008 | €1,112,935 | +€261,927 | +30.8% |
| Amounts receivable within one year | 40/41 | €2,380,580 | €2,782,671 | +€402,090 | +16.9% |
| Trade receivables | 40 | €584,224 | €518,572 | -€65,652 | -11.2% |
| Other amounts receivable | 41 | €1,796,357 | €2,264,099 | +€467,742 | +26.0% |
| Cash at bank and in hand | 54/58 | €526,126 | €452,730 | -€73,396 | -14.0% |
| Deferred charges and accrued income | 490/1 | - | €631 | +€631 | |
| Total equity and liabilities | 10/49 | €14,258,038 | €17,650,378 | +€3.4m | +23.8% |
| Equity | 10/15 | €8,315,038 | €9,199,844 | +€884,806 | +10.6% |
| Contributions | 10/11 | €3,065,456 | €3,065,456 | = | 0.0% |
| Capital | 10 | €3,030,000 | €3,030,000 | = | 0.0% |
| Issued capital | 100 | €3,030,000 | €3,030,000 | = | 0.0% |
| Contributions outside capital | 11 | €35,456 | €35,456 | = | 0.0% |
| Share premium | 1100/10 | €35,456 | €35,456 | = | 0.0% |
| Reserves | 13 | €303,000 | €303,000 | = | 0.0% |
| Non-distributable reserves | 130/1 | €303,000 | €303,000 | = | 0.0% |
| Legal reserve | 130 | €303,000 | €303,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | €3,538,552 | €3,600,073 | +€61,520 | +1.7% |
| Investment grants | 15 | €1,408,029 | €2,231,315 | +€823,286 | +58.5% |
| Provisions and deferred taxes | 16 | €0 | - | = | |
| Provisions for liabilities and charges | 160/5 | €0 | - | = | |
| Other liabilities and charges | 164/5 | €0 | - | = | |
| Amounts payable | 17/49 | €5,943,000 | €8,450,534 | +€2.5m | +42.2% |
| Amounts payable after more than one year | 17 | €1,442,369 | €4,509,362 | +€3.1m | +213% |
| Financial debts | 170/4 | €1,442,369 | €4,509,362 | +€3.1m | +213% |
| Credit institutions | 173 | €1,442,369 | €4,509,362 | +€3.1m | +213% |
| Amounts payable within one year | 42/48 | €4,500,632 | €3,941,172 | -€559,460 | -12.4% |
| Current portion of amounts payable after more than one year | 42 | €601,190 | €623,382 | +€22,191 | +3.7% |
| Trade debts | 44 | €3,077,085 | €2,338,657 | -€738,428 | -24.0% |
| Suppliers | 440/4 | €3,077,085 | €2,338,657 | -€738,428 | -24.0% |
| Taxes, remuneration and social security | 45 | €402,356 | €357,133 | -€45,223 | -11.2% |
| Taxes | 450/3 | €106,052 | €19,730 | -€86,322 | -81.4% |
| Remuneration and social security | 454/9 | €296,304 | €337,403 | +€41,099 | +13.9% |
| Other amounts payable | 47/48 | €420,000 | €622,000 | +€202,000 | +48.1% |
| Operating income | 70/76A | €17,609,462 | €19,229,161 | +€1.6m | +9.2% |
| Turnover | 70 | €17,298,515 | €19,037,274 | +€1.7m | +10.1% |
| Other operating income | 74 | €196,435 | €191,886 | -€4,549 | -2.3% |
| Non-recurring operating income | 76A | €114,511 | €0 | -€114,511 | -100% |
| Operating charges | 60/66A | €16,848,573 | €18,953,316 | +€2.1m | +12.5% |
| Goods for resale, raw materials and consumables | 60 | €10,779,729 | €12,087,495 | +€1.3m | +12.1% |
| Purchases | 600/8 | €10,863,314 | €12,444,190 | +€1.6m | +14.6% |
| Change in stocks: decrease (increase) | 609 | -€83,584 | -€356,695 | -€273,111 | -327% |
| Services and other goods | 61 | €2,671,300 | €2,899,829 | +€228,529 | +8.6% |
| Remuneration, social security and pensions | 62 | €2,187,082 | €2,280,961 | +€93,878 | +4.3% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €1,151,827 | €1,564,898 | +€413,071 | +35.9% |
| Provisions for liabilities and charges: additions (uses and reversals) | 635/8 | -€12,005 | €0 | +€12,005 | |
| Other operating charges | 640/8 | €70,639 | €120,133 | +€49,494 | +70.1% |
| Operating profit (loss) | 9901 | €760,888 | €275,845 | -€485,044 | -63.7% |
| Financial income | 75/76B | €107,706 | €219,579 | +€111,873 | +104% |
| Recurring financial income | 75 | €107,706 | €219,579 | +€111,873 | +104% |
| Income from financial fixed assets | 750 | €24,630 | €7,389 | -€17,241 | -70.0% |
| Other financial income | 752/9 | €83,076 | €212,190 | +€129,114 | +155% |
| Financial charges | 65/66B | €40,991 | €170,163 | +€129,172 | +315% |
| Recurring financial charges | 65 | €40,991 | €170,163 | +€129,172 | +315% |
| Debt charges | 650 | €37,693 | €165,249 | +€127,556 | +338% |
| Other financial charges | 652/9 | €3,298 | €4,915 | +€1,616 | +49.0% |
| Profit (loss) for the period before taxes | 9903 | €827,603 | €325,261 | -€502,343 | -60.7% |
| Income taxes | 67/77 | €213,223 | €61,740 | -€151,483 | -71.0% |
| Taxes | 670/3 | €213,276 | €61,740 | -€151,535 | -71.1% |
| Tax adjustments and reversals of tax provisions | 77 | €52 | €0 | -€52 | -100% |
| Profit (loss) for the period | 9904 | €614,380 | €263,520 | -€350,860 | -57.1% |
| Profit (loss) for the period to be appropriated | 9905 | €614,380 | €263,520 | -€350,860 | -57.1% |
Next steps
Work out how much credit to give this customer and on what payment terms.Credit check Check what to know before you do business with this company.Supplier due diligence Check whether you can accept this company as a client under the anti-money-laundering law.AML client file Compare this company with its sector.Sector benchmark
Calculation and sources
Source: filed annual accounts (NBB), financial years ended 31 December 2024 and 31 December 2025. Green is a favourable move for that line, red an unfavourable one. Prepared on 8 November 2026 via checked.be.