HERON 5: 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.
HERON 5
Largest movements
No asset line moved by more than 1% of the balance sheet total.
No liability line moved by more than 1% of the balance sheet total.
- Other operating charges +€66
new in 2025: €66
- Gross operating margin +€42
up €42 (+1.7%), from -€2,444 to -€2,402
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
Cash or the result is not a separate line in both sets of accounts; the cash flow cannot be derived from them.
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €277,600 | €277,600 | = | 0.0% |
| Fixed assets | 21/28 | €217,600 | €217,600 | = | 0.0% |
| Financial fixed assets | 28 | €217,600 | €217,600 | = | 0.0% |
| Current assets | 29/58 | €60,000 | €60,000 | = | 0.0% |
| Current investments | 50/53 | €60,000 | €60,000 | = | 0.0% |
| Total equity and liabilities | 10/49 | €277,600 | €277,600 | = | 0.0% |
| Equity | 10/15 | €168,765 | €166,297 | -€2,468 | -1.5% |
| Contributions | 10/11 | €217,600 | €217,600 | = | 0.0% |
| Capital | 10 | €217,600 | €217,600 | = | 0.0% |
| Issued capital | 100 | €217,600 | €217,600 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€48,835 | -€51,303 | -€2,468 | -5.1% |
| Amounts payable | 17/49 | €108,835 | €111,303 | +€2,468 | +2.3% |
| Amounts payable within one year | 42/48 | €108,835 | €111,303 | +€2,468 | +2.3% |
| Other amounts payable | 47/48 | €108,835 | €111,303 | +€2,468 | +2.3% |
| Other operating charges | 640/8 | - | €66 | +€66 | |
| Gross operating margin | 9900 | -€2,444 | -€2,402 | +€42 | +1.7% |
| Operating profit (loss) | 9901 | -€2,444 | -€2,468 | -€24 | -1.0% |
| Profit (loss) for the period before taxes | 9903 | -€2,444 | -€2,468 | -€24 | -1.0% |
| Profit (loss) for the period | 9904 | -€2,444 | -€2,468 | -€24 | -1.0% |
| Profit (loss) for the period to be appropriated | 9905 | -€2,444 | -€2,468 | -€24 | -1.0% |
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 30 September 2026 via checked.be.