HEVIZ: 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.
What changed
HEVIZ
NACE 68.310, Real estate agency activities
fiscal year 2024 against 2025filed annual accounts (NBB)
Net result for the year
€27,404
2024 · €11,842+€15,562
Equity
€496,122
2024 · €469,258+€26,864
Cash
€99,395
2024 · €107,985-€8,590
Balance sheet total
€1.2m
2024 · €1.3m-€41,495
Largest movements
Assets
- Tangible fixed assets -€69,281
down €69,281 (-6.0%), from €1.2m to €1.1m
of which Land and buildings: -€42,716
- Receivables within one year +€36,645
up €36,645 (+502.7%), from €7,290 to €43,935
of which Trade receivables: +€34,624
Equity and liabilities
- Debts after one year -€84,528
down €84,528 (-12.7%), from €666,154 to €581,626
of which Financial debts: -€84,528
- Reserves +€25,544
up €25,544 (+5.7%), from €445,511 to €471,055
of which Distributable reserves: +€35,926
- Tax, wage and social debts +€21,298
up €21,298 (+344.8%), from €6,177 to €27,475
Income statement
- Gross operating margin +€12,229
up €12,229 (+10.9%), from €112,175 to €124,404
- Other operating charges -€8,257
down €8,257 (-37.6%), from €21,969 to €13,712
- Taxes +€6,652
up €6,652 (+60.2%), from €11,046 to €17,698
- Depreciation -€1,378
down €1,378 (-2.3%), from €60,242 to €58,864
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.
Result 2024
€11,842
Gross operating margin
+€12,229
Depreciation
+€1,378
Other operating charges
+€8,257
Other operating items
-€214
Financial income
+€641
Financial charges
-€175
Taxes
-€6,652
Deferred taxes and other
+€98
Result 2025
€27,404
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.
From operations
+€64,512
Investment
+€10,372
Financing
-€83,474
Cash 2024
€107,985
From operations (derived)
+€64,512
Net result for the year
+€27,404
Depreciation
+€58,864
Receivables within one year
-€36,645
Deferred charges and accrued income
+€314
Provisions
-€4,568
Trade debts
-€3,195
Tax, wage and social debts
+€21,298
Other debts
+€1,040
Investment (derived)
+€10,372
Investment in fixed assets (net)
+€10,372
Financing
-€83,474
Debts after one year
-€84,528
Current portion of long-term debt
+€1,594
Contributions, distributions and other
-€540
Cash 2025
€99,395
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €1,279,691 | €1,238,196 | -€41,495 | -3.2% |
| Fixed assets | 21/28 | €1,157,740 | €1,088,504 | -€69,236 | -6.0% |
| Tangible fixed assets | 22/27 | €1,157,447 | €1,088,166 | -€69,281 | -6.0% |
| Land and buildings | 22 | €1,130,034 | €1,087,318 | -€42,716 | -3.8% |
| Plant, machinery and equipment | 23 | €1,226 | - | -€1,226 | |
| Furniture and vehicles | 24 | €15,222 | €848 | -€14,374 | -94.4% |
| Other tangible fixed assets | 26 | €10,965 | - | -€10,965 | |
| Financial fixed assets | 28 | €293 | €338 | +€45 | +15.4% |
| Current assets | 29/58 | €121,951 | €149,692 | +€27,741 | +22.7% |
| Amounts receivable within one year | 40/41 | €7,290 | €43,935 | +€36,645 | +502.7% |
| Trade receivables | 40 | €4,168 | €38,792 | +€34,624 | +830.7% |
| Other amounts receivable | 41 | €3,122 | €5,143 | +€2,021 | +64.7% |
| Current investments | 50/53 | €2,295 | €2,295 | = | 0.0% |
| Cash at bank and in hand | 54/58 | €107,985 | €99,395 | -€8,590 | -8.0% |
| Deferred charges and accrued income | 490/1 | €4,381 | €4,067 | -€314 | -7.2% |
| Total equity and liabilities | 10/49 | €1,279,691 | €1,238,196 | -€41,495 | -3.2% |
| Equity | 10/15 | €469,258 | €496,122 | +€26,864 | +5.7% |
| Contributions | 10/11 | €18,600 | €20,459 | +€1,859 | +10.0% |
| Reserves | 13 | €445,511 | €471,055 | +€25,544 | +5.7% |
| Non-distributable reserves | 130/1 | €1,859 | - | -€1,859 | |
| Reserves not available under the articles | 1311 | €1,859 | - | -€1,859 | |
| Tax-exempt reserves | 132 | €75,204 | €66,681 | -€8,523 | -11.3% |
| Distributable reserves | 133 | €368,448 | €404,374 | +€35,926 | +9.8% |
| Investment grants | 15 | €5,147 | €4,608 | -€539 | -10.5% |
| Provisions and deferred taxes | 16 | €40,440 | €35,872 | -€4,568 | -11.3% |
| Deferred taxes | 168 | €40,440 | €35,872 | -€4,568 | -11.3% |
| Amounts payable | 17/49 | €769,993 | €706,202 | -€63,791 | -8.3% |
| Amounts payable after more than one year | 17 | €666,154 | €581,626 | -€84,528 | -12.7% |
| Financial debts | 170/4 | €666,059 | €581,531 | -€84,528 | -12.7% |
| Other amounts payable | 178/9 | €95 | €95 | = | 0.0% |
| Amounts payable within one year | 42/48 | €103,839 | €124,576 | +€20,737 | +20.0% |
| Current portion of amounts payable after more than one year | 42 | €82,934 | €84,528 | +€1,594 | +1.9% |
| Trade debts | 44 | €5,791 | €2,596 | -€3,195 | -55.2% |
| Suppliers | 440/4 | €5,791 | €2,596 | -€3,195 | -55.2% |
| Taxes, remuneration and social security | 45 | €6,177 | €27,475 | +€21,298 | +344.8% |
| Taxes | 450/3 | €6,177 | €27,475 | +€21,298 | +344.8% |
| Other amounts payable | 47/48 | €8,937 | €9,977 | +€1,040 | +11.6% |
| Non-recurring operating income | 76A | €3,710 | €91 | -€3,619 | -97.5% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €60,242 | €58,864 | -€1,378 | -2.3% |
| Other operating charges | 640/8 | €21,969 | €13,712 | -€8,257 | -37.6% |
| Non-recurring operating charges | 66A | €316 | €530 | +€214 | +67.7% |
| Gross operating margin | 9900 | €112,175 | €124,404 | +€12,229 | +10.9% |
| Operating profit (loss) | 9901 | €29,648 | €51,298 | +€21,650 | +73.0% |
| Financial income | 75/76B | €2,360 | €3,001 | +€641 | +27.2% |
| Recurring financial income | 75 | €2,360 | €2,955 | +€595 | +25.2% |
| Non-recurring financial income | 76B | - | €46 | +€46 | |
| Financial charges | 65/66B | €13,590 | €13,765 | +€175 | +1.3% |
| Recurring financial charges | 65 | €13,402 | €13,765 | +€363 | +2.7% |
| Non-recurring financial charges | 66B | €188 | - | -€188 | |
| Profit (loss) for the period before taxes | 9903 | €18,418 | €40,534 | +€22,116 | +120.1% |
| Transfer from deferred taxes | 780 | €4,470 | €4,568 | +€98 | +2.2% |
| Income taxes | 67/77 | €11,046 | €17,698 | +€6,652 | +60.2% |
| Profit (loss) for the period | 9904 | €11,842 | €27,404 | +€15,562 | +131.4% |
| Transfer from tax-exempt reserves | 789 | €8,523 | €8,523 | = | 0.0% |
| Profit (loss) for the period to be appropriated | 9905 | €20,365 | €35,927 | +€15,562 | +76.4% |
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 3 October 2026 via checked.be.