Het Heideveld: 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.
Het Heideveld
Largest movements
- Tangible fixed assets -€135,305
down €135,305 (-80.3%), from €168,536 to €33,231
of which Land and buildings: -€126,369
- Cash +€54,481
up €54,481 (+2409.6%), from €2,261 to €56,742
mainly Investment in fixed assets (net) (+€124,220) and Net result for the year (+€14,648)
- Receivables within one year -€2,788
down €2,788 (-21.9%), from €12,724 to €9,936
of which Trade receivables: -€5,929
- Debts after one year -€87,653
down €87,653 (-53.9%), from €162,653 to €75,000
- Profit (loss) carried forward +€14,648
up €14,648 (+16.2%), from -€90,471 to -€75,823
- Current portion of long-term debt -€12,398
down €12,398 (-100.0%), from €12,398 to €0
- Other debts -€6,838
down €6,838 (-24.6%), from €27,809 to €20,971
- Trade debts +€4,561
up €4,561 (+46.8%), from €9,736 to €14,297
- Gross operating margin +€59,544
up €59,544, from -€25,380 to €34,164
- Financial charges +€1,313
up €1,313 (+24.1%), from €5,439 to €6,752
- Other operating charges +€459
up €459 (+1773.0%), from €26 to €485
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 | €224,983 | €137,796 | -€87,187 | -38.8% |
| Formation expenses | 20 | €2,158 | €937 | -€1,221 | -56.6% |
| Fixed assets | 21/28 | €168,536 | €33,231 | -€135,305 | -80.3% |
| Tangible fixed assets | 22/27 | €168,536 | €33,231 | -€135,305 | -80.3% |
| Land and buildings | 22 | €126,369 | €0 | -€126,369 | -100.0% |
| Plant, machinery and equipment | 23 | €38,100 | €31,179 | -€6,921 | -18.2% |
| Furniture and vehicles | 24 | - | €2,052 | +€2,052 | |
| Leasing and similar rights | 25 | €4,067 | €0 | -€4,067 | -100.0% |
| Current assets | 29/58 | €54,289 | €103,628 | +€49,340 | +90.9% |
| Stocks and contracts in progress | 3 | €38,999 | €36,950 | -€2,049 | -5.3% |
| Stocks | 30/36 | €38,999 | €36,950 | -€2,049 | -5.3% |
| Amounts receivable within one year | 40/41 | €12,724 | €9,936 | -€2,788 | -21.9% |
| Trade receivables | 40 | €12,698 | €6,769 | -€5,929 | -46.7% |
| Other amounts receivable | 41 | €26 | €3,167 | +€3,141 | +11932.3% |
| Cash at bank and in hand | 54/58 | €2,261 | €56,742 | +€54,481 | +2409.6% |
| Deferred charges and accrued income | 490/1 | €304 | €0 | -€304 | -100.0% |
| Total equity and liabilities | 10/49 | €224,983 | €137,796 | -€87,187 | -38.8% |
| Equity | 10/15 | €11,529 | €26,177 | +€14,648 | +127.1% |
| Contributions | 10/11 | €102,000 | €102,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€90,471 | -€75,823 | +€14,648 | +16.2% |
| Amounts payable | 17/49 | €213,454 | €111,619 | -€101,835 | -47.7% |
| Amounts payable after more than one year | 17 | €162,653 | €75,000 | -€87,653 | -53.9% |
| Financial debts | 170/4 | €162,653 | €75,000 | -€87,653 | -53.9% |
| Amounts payable within one year | 42/48 | €50,801 | €36,619 | -€14,182 | -27.9% |
| Current portion of amounts payable after more than one year | 42 | €12,398 | €0 | -€12,398 | -100.0% |
| Trade debts | 44 | €9,736 | €14,297 | +€4,561 | +46.8% |
| Suppliers | 440/4 | €9,736 | €14,297 | +€4,561 | +46.8% |
| Taxes, remuneration and social security | 45 | €857 | €1,350 | +€493 | +57.5% |
| Taxes | 450/3 | €857 | €1,350 | +€493 | +57.5% |
| Other amounts payable | 47/48 | €27,809 | €20,971 | -€6,838 | -24.6% |
| Non-recurring operating income | 76A | - | €73,631 | +€73,631 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €12,211 | €12,306 | +€95 | +0.8% |
| Other operating charges | 640/8 | €26 | €485 | +€459 | +1773.0% |
| Non-recurring operating charges | 66A | €0 | - | = | |
| Gross operating margin | 9900 | -€25,380 | €34,164 | +€59,544 | |
| Operating profit (loss) | 9901 | -€37,617 | €21,373 | +€58,989 | |
| Financial income | 75/76B | €0 | €27 | +€27 | |
| Recurring financial income | 75 | €0 | €27 | +€27 | |
| Financial charges | 65/66B | €5,439 | €6,752 | +€1,313 | +24.1% |
| Recurring financial charges | 65 | €5,439 | €6,752 | +€1,313 | +24.1% |
| Profit (loss) for the period before taxes | 9903 | -€43,055 | €14,648 | +€57,704 | |
| Profit (loss) for the period | 9904 | -€43,055 | €14,648 | +€57,704 | |
| Profit (loss) for the period to be appropriated | 9905 | -€43,055 | €14,648 | +€57,704 |
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 9 October 2026 via checked.be.