HEYBERGH: 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.
HEYBERGH
Largest movements
- Receivables within one year +€36,743
up €36,743 (+1214.6%), from €3,025 to €39,768
of which Other amounts receivable: +€30,000
- Cash -€23,279
down €23,279 (-61.6%), from €37,787 to €14,507
mainly Receivables within one year (-€36,743) and Debts after one year (-€30,983)
- Reserves +€43,049
up €43,049 (+46.7%), from €92,233 to €135,282
- Debts after one year -€30,983
down €30,983 (-5.5%), from €566,330 to €535,347
of which Financial debts: -€30,983
- Gross operating margin -€21,030
down €21,030 (-24.3%), from €86,473 to €65,444
- Taxes -€5,056
down €5,056 (-31.3%), from €16,147 to €11,091
- Financial charges +€4,898
up €4,898 (+81.6%), from €6,006 to €10,904
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 | €734,878 | €748,341 | +€13,463 | +1.8% |
| Fixed assets | 21/28 | €694,066 | €694,066 | = | 0.0% |
| Financial fixed assets | 28 | €694,066 | €694,066 | = | 0.0% |
| Current assets | 29/58 | €40,812 | €54,275 | +€13,463 | +33.0% |
| Amounts receivable within one year | 40/41 | €3,025 | €39,768 | +€36,743 | +1214.6% |
| Trade receivables | 40 | €3,025 | €9,768 | +€6,743 | +222.9% |
| Other amounts receivable | 41 | - | €30,000 | +€30,000 | |
| Cash at bank and in hand | 54/58 | €37,787 | €14,507 | -€23,279 | -61.6% |
| Total equity and liabilities | 10/49 | €734,878 | €748,341 | +€13,463 | +1.8% |
| Equity | 10/15 | €97,233 | €140,282 | +€43,049 | +44.3% |
| Contributions | 10/11 | €5,000 | €5,000 | = | 0.0% |
| Reserves | 13 | €92,233 | €135,282 | +€43,049 | +46.7% |
| Distributable reserves | 133 | €92,233 | €135,282 | +€43,049 | +46.7% |
| Amounts payable | 17/49 | €637,645 | €608,059 | -€29,586 | -4.6% |
| Amounts payable after more than one year | 17 | €566,330 | €535,347 | -€30,983 | -5.5% |
| Financial debts | 170/4 | €566,330 | €535,347 | -€30,983 | -5.5% |
| Other amounts payable | 178/9 | €0 | - | = | |
| Amounts payable within one year | 42/48 | €64,177 | €66,286 | +€2,109 | +3.3% |
| Current portion of amounts payable after more than one year | 42 | €30,090 | €31,091 | +€1,000 | +3.3% |
| Trade debts | 44 | €611 | €26 | -€585 | -95.7% |
| Suppliers | 440/4 | €611 | €26 | -€585 | -95.7% |
| Taxes, remuneration and social security | 45 | €33,476 | €35,169 | +€1,693 | +5.1% |
| Taxes | 450/3 | €31,476 | €33,169 | +€1,693 | +5.4% |
| Remuneration and social security | 454/9 | €2,000 | €2,000 | = | 0.0% |
| Other amounts payable | 47/48 | €0 | - | = | |
| Accrued charges and deferred income | 492/3 | €7,138 | €6,426 | -€712 | -10.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €0 | - | = | |
| Other operating charges | 640/8 | €387 | €400 | +€12 | +3.2% |
| Gross operating margin | 9900 | €86,473 | €65,444 | -€21,030 | -24.3% |
| Operating profit (loss) | 9901 | €86,086 | €65,044 | -€21,042 | -24.4% |
| Financial charges | 65/66B | €6,006 | €10,904 | +€4,898 | +81.6% |
| Recurring financial charges | 65 | €6,006 | €10,904 | +€4,898 | +81.6% |
| Profit (loss) for the period before taxes | 9903 | €80,080 | €54,140 | -€25,940 | -32.4% |
| Income taxes | 67/77 | €16,147 | €11,091 | -€5,056 | -31.3% |
| Profit (loss) for the period | 9904 | €63,933 | €43,049 | -€20,884 | -32.7% |
| Profit (loss) for the period to be appropriated | 9905 | €63,933 | €43,049 | -€20,884 | -32.7% |
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 30 September 2026 via checked.be.