HEROES CITY: 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.
HEROES CITY
Largest movements
- Receivables within one year +€40,385
up €40,385 (+201%), from €20,058 to €60,443
- Tangible fixed assets -€762
down €762 (-39.0%), from €1,955 to €1,193
of which Plant, machinery and equipment: -€1,955
- Tax, wage and social debts +€29,949
up €29,949 (+1,940%), from €1,544 to €31,493
of which Remuneration and social security: +€19,867
- Other debts +€10,105
up €10,105 (+57.6%), from €17,532 to €27,637
- Trade debts -€1,332
down €1,332 (-74.9%), from €1,777 to €446
- Profit (loss) carried forward +€832
up €832 (+1.7%), from -€48,692 to -€47,860
- Gross operating margin +€90,393
up €90,393 (+1,629%), from €5,549 to €95,942
- Staff costs +€89,774
new in 2025: €89,774
- Other operating charges +€1,492
new in 2025: €1,492
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.
Derived cash bridge
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 | €22,160 | €61,715 | +€39,554 | +178% |
| Fixed assets | 21/28 | €1,955 | €1,193 | -€762 | -39.0% |
| Tangible fixed assets | 22/27 | €1,955 | €1,193 | -€762 | -39.0% |
| Plant, machinery and equipment | 23 | €1,955 | - | -€1,955 | |
| Furniture and vehicles | 24 | - | €1,193 | +€1,193 | |
| Current assets | 29/58 | €20,205 | €60,521 | +€40,316 | +200% |
| Amounts receivable within one year | 40/41 | €20,058 | €60,443 | +€40,385 | +201% |
| Trade receivables | 40 | €20,058 | €60,443 | +€40,385 | +201% |
| Cash at bank and in hand | 54/58 | €147 | €79 | -€69 | -46.6% |
| Total equity and liabilities | 10/49 | €22,160 | €61,715 | +€39,554 | +178% |
| Equity | 10/15 | €1,308 | €2,140 | +€832 | +63.6% |
| Contributions | 10/11 | €50,000 | €50,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€48,692 | -€47,860 | +€832 | +1.7% |
| Amounts payable | 17/49 | €20,853 | €59,575 | +€38,722 | +186% |
| Amounts payable within one year | 42/48 | €20,853 | €59,575 | +€38,722 | +186% |
| Trade debts | 44 | €1,777 | €446 | -€1,332 | -74.9% |
| Suppliers | 440/4 | €1,777 | €446 | -€1,332 | -74.9% |
| Taxes, remuneration and social security | 45 | €1,544 | €31,493 | +€29,949 | +1,940% |
| Taxes | 450/3 | €1,544 | €11,626 | +€10,082 | +653% |
| Remuneration and social security | 454/9 | - | €19,867 | +€19,867 | |
| Other amounts payable | 47/48 | €17,532 | €27,637 | +€10,105 | +57.6% |
| Remuneration, social security and pensions | 62 | - | €89,774 | +€89,774 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €330 | €762 | +€432 | +131% |
| Other operating charges | 640/8 | - | €1,492 | +€1,492 | |
| Non-recurring operating charges | 66A | - | €2,366 | +€2,366 | |
| Gross operating margin | 9900 | €5,549 | €95,942 | +€90,393 | +1,629% |
| Operating profit (loss) | 9901 | €5,219 | €1,549 | -€3,670 | -70.3% |
| Financial income | 75/76B | €0 | - | -€0 | |
| Recurring financial income | 75 | €0 | - | -€0 | |
| Financial charges | 65/66B | €242 | €717 | +€475 | +196% |
| Recurring financial charges | 65 | €242 | €717 | +€475 | +196% |
| Profit (loss) for the period before taxes | 9903 | €4,977 | €832 | -€4,145 | -83.3% |
| Profit (loss) for the period | 9904 | €4,977 | €832 | -€4,145 | -83.3% |
| Profit (loss) for the period to be appropriated | 9905 | €4,977 | €832 | -€4,145 | -83.3% |
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 28 October 2026 via checked.be.