Heuvelhof: 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.
Heuvelhof
Largest movements
- Tangible fixed assets -€7,769
down €7,769 (-5.7%), from €136,203 to €128,434
of which Land and buildings: -€7,562
- Cash +€2,113
up €2,113 (+27.8%), from €7,603 to €9,716
mainly Net result for the year (+€24,338) and Depreciation (+€7,769)
- Debts after one year -€31,247
down €31,247 (-49.0%), from €63,815 to €32,568
- Profit (loss) carried forward +€24,338
up €24,338 (+21.8%), from -€111,526 to -€87,188
- Gross operating margin +€1,734
up €1,734 (+4.8%), from €36,069 to €37,803
- Depreciation -€1,641
down €1,641 (-17.4%), from €9,410 to €7,769
- Financial charges +€491
up €491 (+16.1%), from €3,044 to €3,535
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 | €144,491 | €138,850 | -€5,641 | -3.9% |
| Fixed assets | 21/28 | €136,888 | €129,119 | -€7,769 | -5.7% |
| Tangible fixed assets | 22/27 | €136,203 | €128,434 | -€7,769 | -5.7% |
| Land and buildings | 22 | €134,550 | €126,988 | -€7,562 | -5.6% |
| Furniture and vehicles | 24 | €1,653 | €1,446 | -€207 | -12.5% |
| Financial fixed assets | 28 | €685 | €685 | = | 0.0% |
| Current assets | 29/58 | €7,603 | €9,730 | +€2,128 | +28.0% |
| Amounts receivable within one year | 40/41 | - | €14 | +€14 | |
| Other amounts receivable | 41 | - | €14 | +€14 | |
| Cash at bank and in hand | 54/58 | €7,603 | €9,716 | +€2,113 | +27.8% |
| Total equity and liabilities | 10/49 | €144,491 | €138,850 | -€5,641 | -3.9% |
| Equity | 10/15 | -€99,126 | -€74,788 | +€24,338 | +24.6% |
| Contributions | 10/11 | €12,400 | €12,400 | = | 0.0% |
| Contributions outside capital | 11 | €12,400 | €12,400 | = | 0.0% |
| Other | 1109/19 | €12,400 | €12,400 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€111,526 | -€87,188 | +€24,338 | +21.8% |
| Amounts payable | 17/49 | €243,617 | €213,638 | -€29,979 | -12.3% |
| Amounts payable after more than one year | 17 | €63,815 | €32,568 | -€31,247 | -49.0% |
| Financial debts | 170/4 | €63,815 | €32,568 | -€31,247 | -49.0% |
| Amounts payable within one year | 42/48 | €179,802 | €181,070 | +€1,268 | +0.7% |
| Current portion of amounts payable after more than one year | 42 | €29,979 | €31,247 | +€1,268 | +4.2% |
| Other amounts payable | 47/48 | €149,823 | €149,823 | = | 0.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €9,410 | €7,769 | -€1,641 | -17.4% |
| Other operating charges | 640/8 | €2,094 | €2,162 | +€68 | +3.2% |
| Gross operating margin | 9900 | €36,069 | €37,803 | +€1,734 | +4.8% |
| Operating profit (loss) | 9901 | €24,565 | €27,872 | +€3,307 | +13.5% |
| Financial charges | 65/66B | €3,044 | €3,535 | +€491 | +16.1% |
| Recurring financial charges | 65 | €3,044 | €3,535 | +€491 | +16.1% |
| Profit (loss) for the period before taxes | 9903 | €21,521 | €24,338 | +€2,817 | +13.1% |
| Profit (loss) for the period | 9904 | €21,521 | €24,338 | +€2,817 | +13.1% |
| Profit (loss) for the period to be appropriated | 9905 | €21,521 | €24,338 | +€2,817 | +13.1% |
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 22 October 2026 via checked.be.