HEUREKA: 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.
HEUREKA
Largest movements
- Cash +€785,875
up €785,875 (+92.2%), from €852,683 to €1.6m
mainly Other debts (+€396,451) and Net result for the year (+€322,628)
- Stocks and contracts -€113,297
down €113,297 (-35.7%), from €317,391 to €204,094
- Deferred charges and accrued income -€21,467
down €21,467 (-73.1%), from €29,349 to €7,882
- Other debts +€396,451
up €396,451 (+59.2%), from €670,113 to €1.1m
- Reserves +€322,628
up €322,628 (+231%), from €139,849 to €462,477
- Tax, wage and social debts -€61,318
down €61,318 (-36.5%), from €168,160 to €106,842
of which Remuneration and social security: -€71,680
- Advances received -€54,132
down €54,132 (-17.4%), from €311,191 to €257,059
- Trade debts +€36,208
up €36,208 (+127%), from €28,525 to €64,732
- Staff costs -€172,426
down €172,426 (-27.8%), from €619,764 to €447,337
- Gross operating margin +€77,686
up €77,686 (+8.8%), from €885,127 to €962,813
- Taxes +€76,346
up €76,346 (+91.7%), from €83,219 to €159,565
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 | €1,352,575 | €1,986,376 | +€633,801 | +46.9% |
| Fixed assets | 21/28 | €98,882 | €66,863 | -€32,019 | -32.4% |
| Tangible fixed assets | 22/27 | €48,911 | €36,248 | -€12,663 | -25.9% |
| Furniture and vehicles | 24 | €28,578 | €25,914 | -€2,664 | -9.3% |
| Other tangible fixed assets | 26 | €20,332 | €10,334 | -€9,998 | -49.2% |
| Financial fixed assets | 28 | €49,971 | €30,615 | -€19,356 | -38.7% |
| Current assets | 29/58 | €1,253,693 | €1,919,513 | +€665,820 | +53.1% |
| Stocks and contracts in progress | 3 | €317,391 | €204,094 | -€113,297 | -35.7% |
| Stocks | 30/36 | €317,391 | €204,094 | -€113,297 | -35.7% |
| Amounts receivable within one year | 40/41 | €54,270 | €68,979 | +€14,709 | +27.1% |
| Trade receivables | 40 | €36,319 | €55,096 | +€18,777 | +51.7% |
| Other amounts receivable | 41 | €17,951 | €13,883 | -€4,068 | -22.7% |
| Cash at bank and in hand | 54/58 | €852,683 | €1,638,558 | +€785,875 | +92.2% |
| Deferred charges and accrued income | 490/1 | €29,349 | €7,882 | -€21,467 | -73.1% |
| Total equity and liabilities | 10/49 | €1,352,575 | €1,986,376 | +€633,801 | +46.9% |
| Equity | 10/15 | €146,454 | €469,082 | +€322,628 | +220% |
| Contributions | 10/11 | €6,605 | €6,605 | = | 0.0% |
| Reserves | 13 | €139,849 | €462,477 | +€322,628 | +231% |
| Distributable reserves | 133 | €139,849 | €462,477 | +€322,628 | +231% |
| Profit (loss) carried forward | 14 | €0 | - | = | |
| Amounts payable | 17/49 | €1,206,121 | €1,517,294 | +€311,173 | +25.8% |
| Amounts payable within one year | 42/48 | €1,177,989 | €1,495,198 | +€317,209 | +26.9% |
| Trade debts | 44 | €28,525 | €64,732 | +€36,208 | +127% |
| Suppliers | 440/4 | €28,525 | €64,732 | +€36,208 | +127% |
| Advances received on contracts in progress | 46 | €311,191 | €257,059 | -€54,132 | -17.4% |
| Taxes, remuneration and social security | 45 | €168,160 | €106,842 | -€61,318 | -36.5% |
| Taxes | 450/3 | €51,086 | €61,448 | +€10,362 | +20.3% |
| Remuneration and social security | 454/9 | €117,074 | €45,394 | -€71,680 | -61.2% |
| Other amounts payable | 47/48 | €670,113 | €1,066,564 | +€396,451 | +59.2% |
| Accrued charges and deferred income | 492/3 | €28,132 | €22,096 | -€6,036 | -21.5% |
| Non-recurring operating income | 76A | €938 | €286,652 | +€285,715 | +30,469% |
| Remuneration, social security and pensions | 62 | €619,764 | €447,337 | -€172,426 | -27.8% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €10,715 | €13,834 | +€3,119 | +29.1% |
| Other operating charges | 640/8 | €5,574 | €6,166 | +€592 | +10.6% |
| Non-recurring operating charges | 66A | €322 | €5,448 | +€5,126 | +1,591% |
| Gross operating margin | 9900 | €885,127 | €962,813 | +€77,686 | +8.8% |
| Operating profit (loss) | 9901 | €248,752 | €490,027 | +€241,274 | +97.0% |
| Financial income | 75/76B | €589 | €33 | -€556 | -94.5% |
| Recurring financial income | 75 | €589 | €33 | -€556 | -94.5% |
| Financial charges | 65/66B | €7,875 | €7,866 | -€9 | -0.1% |
| Recurring financial charges | 65 | €7,875 | €7,866 | -€9 | -0.1% |
| Non-recurring financial charges | 66B | €0 | - | = | |
| Profit (loss) for the period before taxes | 9903 | €241,466 | €482,193 | +€240,727 | +99.7% |
| Income taxes | 67/77 | €83,219 | €159,565 | +€76,346 | +91.7% |
| Profit (loss) for the period | 9904 | €158,247 | €322,628 | +€164,381 | +104% |
| Profit (loss) for the period to be appropriated | 9905 | €158,247 | €322,628 | +€164,381 | +104% |
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 24 October 2026 via checked.be.