HEULE-INVEST: what changed
What changed
HEULE-INVEST
NACE 70.200, Business and other management consultancy
filed annual accounts (NBB)
Net result for the year
-€11,638
2024 · €7,431-€19,069
Equity
€292,141
2024 · €303,780-€11,638
Cash
€43,184
2024 · €45,639-€2,456
Balance sheet total
€294,693
2024 · €305,462-€10,769
Largest movements
Assets
- Stocks and contracts -€8,019
down €8,019 (-100%), from €8,019 to €0
Equity and liabilities
- Reserves -€11,638
down €11,638 (-10.1%), from €115,575 to €103,937
of which Distributable reserves: -€11,638
Income statement
- Gross operating margin -€19,042
down €19,042 (-501%), from -€3,798 to -€22,841
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
€7,431
Gross operating margin
-€19,042
Other operating charges
-€14
Financial income
-€0
Financial charges
-€12
Result 2025
-€11,638
lowers the result
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
-€2,456
Investment
€0
Financing
€0
Cash 2024
€45,639
From operations (derived)
-€2,456
Net result for the year
-€11,638
Depreciation
+€207
Stocks and contracts
+€8,019
Receivables within one year
+€43
Deferred charges and accrued income
+€44
Trade debts
-€633
Tax, wage and social debts
+€1,503
Cash 2025
€43,184
brings cash intakes cash out
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €305,462 | €294,693 | -€10,769 | -3.5% |
| Fixed assets | 21/28 | €100,688 | €100,482 | -€207 | -0.2% |
| Tangible fixed assets | 22/27 | €693 | €486 | -€207 | -29.8% |
| Other tangible fixed assets | 26 | €693 | €486 | -€207 | -29.8% |
| Financial fixed assets | 28 | €99,995 | €99,995 | = | 0.0% |
| Current assets | 29/58 | €204,774 | €194,211 | -€10,562 | -5.2% |
| Stocks and contracts in progress | 3 | €8,019 | €0 | -€8,019 | -100% |
| Stocks | 30/36 | €8,019 | €0 | -€8,019 | -100% |
| Amounts receivable within one year | 40/41 | €150,048 | €150,005 | -€43 | 0.0% |
| Other amounts receivable | 41 | €150,048 | €150,005 | -€43 | 0.0% |
| Cash at bank and in hand | 54/58 | €45,639 | €43,184 | -€2,456 | -5.4% |
| Deferred charges and accrued income | 490/1 | €1,067 | €1,023 | -€44 | -4.2% |
| Total equity and liabilities | 10/49 | €305,462 | €294,693 | -€10,769 | -3.5% |
| Equity | 10/15 | €303,780 | €292,141 | -€11,638 | -3.8% |
| Contributions | 10/11 | €188,204 | €188,204 | = | 0.0% |
| Capital | 10 | €188,204 | €188,204 | = | 0.0% |
| Issued capital | 100 | €188,204 | €188,204 | = | 0.0% |
| Reserves | 13 | €115,575 | €103,937 | -€11,638 | -10.1% |
| Non-distributable reserves | 130/1 | €50,000 | €50,000 | = | 0.0% |
| Legal reserve | 130 | €50,000 | €50,000 | = | 0.0% |
| Distributable reserves | 133 | €65,575 | €53,937 | -€11,638 | -17.7% |
| Amounts payable | 17/49 | €1,682 | €2,552 | +€870 | +51.7% |
| Amounts payable within one year | 42/48 | €1,682 | €2,552 | +€870 | +51.7% |
| Trade debts | 44 | €1,682 | €1,049 | -€633 | -37.6% |
| Suppliers | 440/4 | €1,682 | €1,049 | -€633 | -37.6% |
| Taxes, remuneration and social security | 45 | - | €1,503 | +€1,503 | |
| Taxes | 450/3 | - | €1,503 | +€1,503 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €207 | €207 | = | 0.0% |
| Other operating charges | 640/8 | €513 | €528 | +€14 | +2.8% |
| Non-recurring operating charges | 66A | €0 | - | = | |
| Gross operating margin | 9900 | -€3,798 | -€22,841 | -€19,042 | -501% |
| Operating profit (loss) | 9901 | -€4,518 | -€23,575 | -€19,057 | -422% |
| Financial income | 75/76B | €12,000 | €12,000 | -€0 | 0.0% |
| Recurring financial income | 75 | €12,000 | €12,000 | -€0 | 0.0% |
| Financial charges | 65/66B | €51 | €64 | +€12 | +24.0% |
| Recurring financial charges | 65 | €51 | €64 | +€12 | +24.0% |
| Profit (loss) for the period before taxes | 9903 | €7,431 | -€11,638 | -€19,069 | |
| Income taxes | 67/77 | €0 | - | = | |
| Profit (loss) for the period | 9904 | €7,431 | -€11,638 | -€19,069 | |
| Profit (loss) for the period to be appropriated | 9905 | €7,431 | -€11,638 | -€19,069 |
Next steps
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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 4 November 2026 via checked.be.