HET HEIKE: 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.
HET HEIKE
Largest movements
- Stocks and contracts +€35,000
new in 2025: €35,000
- Tangible fixed assets +€11,267
up €11,267 (+48.9%), from €23,028 to €34,295
of which Assets under construction and advance payments: +€8,874
- Receivables within one year -€2,729
down €2,729 (-70.2%), from €3,885 to €1,157
of which Other amounts receivable: -€3,516
- Cash +€825
up €825 (+632.2%), from €131 to €956
mainly Other debts (+€58,111) and Depreciation (+€3,296)
- Other debts +€58,111
up €58,111 (+110.7%), from €52,472 to €110,583
- Profit (loss) carried forward -€10,610
down €10,610 (-28.6%), from -€37,142 to -€47,752
- Trade debts -€3,353
down €3,353 (-90.3%), from €3,713 to €360
- Gross operating margin +€7,205
up €7,205 (+51.7%), from -€13,943 to -€6,738
- Depreciation +€714
up €714 (+27.7%), from €2,582 to €3,296
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 | €27,043 | €71,743 | +€44,699 | +165.3% |
| Fixed assets | 21/28 | €23,028 | €34,295 | +€11,267 | +48.9% |
| Tangible fixed assets | 22/27 | €23,028 | €34,295 | +€11,267 | +48.9% |
| Plant, machinery and equipment | 23 | €6,561 | €7,084 | +€524 | +8.0% |
| Furniture and vehicles | 24 | €837 | €505 | -€333 | -39.7% |
| Other tangible fixed assets | 26 | - | €2,202 | +€2,202 | |
| Assets under construction and advance payments | 27 | €15,629 | €24,504 | +€8,874 | +56.8% |
| Current assets | 29/58 | €4,016 | €37,448 | +€33,432 | +832.5% |
| Stocks and contracts in progress | 3 | - | €35,000 | +€35,000 | |
| Contracts in progress | 37 | - | €35,000 | +€35,000 | |
| Amounts receivable within one year | 40/41 | €3,885 | €1,157 | -€2,729 | -70.2% |
| Trade receivables | 40 | - | €787 | +€787 | |
| Other amounts receivable | 41 | €3,885 | €370 | -€3,516 | -90.5% |
| Cash at bank and in hand | 54/58 | €131 | €956 | +€825 | +632.2% |
| Deferred charges and accrued income | 490/1 | - | €335 | +€335 | |
| Total equity and liabilities | 10/49 | €27,043 | €71,743 | +€44,699 | +165.3% |
| Equity | 10/15 | -€29,142 | -€39,752 | -€10,610 | -36.4% |
| Contributions | 10/11 | €8,000 | €8,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€37,142 | -€47,752 | -€10,610 | -28.6% |
| Amounts payable | 17/49 | €56,186 | €111,495 | +€55,309 | +98.4% |
| Amounts payable within one year | 42/48 | €56,186 | €110,944 | +€54,758 | +97.5% |
| Trade debts | 44 | €3,713 | €360 | -€3,353 | -90.3% |
| Suppliers | 440/4 | €3,713 | €360 | -€3,353 | -90.3% |
| Other amounts payable | 47/48 | €52,472 | €110,583 | +€58,111 | +110.7% |
| Accrued charges and deferred income | 492/3 | - | €551 | +€551 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €2,582 | €3,296 | +€714 | +27.7% |
| Other operating charges | 640/8 | €449 | €462 | +€12 | +2.8% |
| Non-recurring operating charges | 66A | €1,472 | - | -€1,472 | |
| Gross operating margin | 9900 | -€13,943 | -€6,738 | +€7,205 | +51.7% |
| Operating profit (loss) | 9901 | -€18,446 | -€10,496 | +€7,950 | +43.1% |
| Financial income | 75/76B | €5 | €61 | +€56 | +1022.5% |
| Recurring financial income | 75 | €5 | €61 | +€56 | +1022.5% |
| Financial charges | 65/66B | €232 | €175 | -€56 | -24.3% |
| Recurring financial charges | 65 | €232 | €175 | -€56 | -24.3% |
| Profit (loss) for the period before taxes | 9903 | -€18,672 | -€10,610 | +€8,062 | +43.2% |
| Profit (loss) for the period | 9904 | -€18,672 | -€10,610 | +€8,062 | +43.2% |
| Profit (loss) for the period to be appropriated | 9905 | -€18,672 | -€10,610 | +€8,062 | +43.2% |
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 6 October 2026 via checked.be.