HEYBRUG: 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.
HEYBRUG
Largest movements
- Cash -€104,229
down €104,229 (-37.2%), from €279,957 to €175,728
mainly Other debts (-€128,904) and Debts after one year (-€91,000)
- Receivables within one year +€33,006
up €33,006 (+85.4%), from €38,665 to €71,671
of which Trade receivables: +€27,738
- Tangible fixed assets +€7,001
up €7,001 (+3.0%), from €231,216 to €238,217
of which Furniture and vehicles: +€36,458
- Reserves +€132,986
up €132,986 (+78.0%), from €170,464 to €303,450
of which Distributable reserves: +€132,986
- Other debts -€128,904
down €128,904 (-92.4%), from €139,539 to €10,635
- Debts after one year -€91,000
down €91,000 (-74.6%), from €122,000 to €31,000
- Contributions -€78,600
no longer reported in 2025 (was €78,600)
- Trade debts +€58,777
up €58,777 (+113%), from €51,878 to €110,656
- Financial income +€18,532
up €18,532 (+2,491%), from €744 to €19,276
- Financial charges -€7,091
down €7,091 (-40.4%), from €17,542 to €10,452
- Taxes +€6,459
up €6,459 (+11.5%), from €56,339 to €62,798
- Gross operating margin +€3,867
up €3,867 (+1.7%), from €225,063 to €228,930
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 | €649,684 | €579,539 | -€70,145 | -10.8% |
| Fixed assets | 21/28 | €231,922 | €238,923 | +€7,001 | +3.0% |
| Tangible fixed assets | 22/27 | €231,216 | €238,217 | +€7,001 | +3.0% |
| Land and buildings | 22 | €217,965 | €188,791 | -€29,174 | -13.4% |
| Plant, machinery and equipment | 23 | €13,251 | €12,968 | -€283 | -2.1% |
| Furniture and vehicles | 24 | - | €36,458 | +€36,458 | |
| Financial fixed assets | 28 | €707 | €707 | = | 0.0% |
| Current assets | 29/58 | €417,761 | €340,616 | -€77,146 | -18.5% |
| Stocks and contracts in progress | 3 | €97,762 | €91,838 | -€5,924 | -6.1% |
| Stocks | 30/36 | €97,762 | €91,838 | -€5,924 | -6.1% |
| Amounts receivable within one year | 40/41 | €38,665 | €71,671 | +€33,006 | +85.4% |
| Trade receivables | 40 | €37,211 | €64,949 | +€27,738 | +74.5% |
| Other amounts receivable | 41 | €1,454 | €6,722 | +€5,268 | +362% |
| Cash at bank and in hand | 54/58 | €279,957 | €175,728 | -€104,229 | -37.2% |
| Deferred charges and accrued income | 490/1 | €1,378 | €1,379 | +€1 | +0.1% |
| Total equity and liabilities | 10/49 | €649,684 | €579,539 | -€70,145 | -10.8% |
| Equity | 10/15 | €249,064 | €303,450 | +€54,386 | +21.8% |
| Contributions | 10/11 | €78,600 | - | -€78,600 | |
| Capital | 10 | €78,600 | - | -€78,600 | |
| Issued capital | 100 | €78,600 | - | -€78,600 | |
| Reserves | 13 | €170,464 | €303,450 | +€132,986 | +78.0% |
| Non-distributable reserves | 130/1 | €620 | €620 | = | 0.0% |
| Legal reserve | 130 | €620 | €620 | = | 0.0% |
| Distributable reserves | 133 | €169,844 | €302,830 | +€132,986 | +78.3% |
| Amounts payable | 17/49 | €400,620 | €276,089 | -€124,531 | -31.1% |
| Amounts payable after more than one year | 17 | €122,000 | €31,000 | -€91,000 | -74.6% |
| Financial debts | 170/4 | €122,000 | €31,000 | -€91,000 | -74.6% |
| Amounts payable within one year | 42/48 | €278,620 | €208,085 | -€70,535 | -25.3% |
| Current portion of amounts payable after more than one year | 42 | €31,000 | €31,000 | = | 0.0% |
| Trade debts | 44 | €51,878 | €110,656 | +€58,777 | +113% |
| Suppliers | 440/4 | €51,878 | €110,656 | +€58,777 | +113% |
| Taxes, remuneration and social security | 45 | €56,202 | €55,793 | -€409 | -0.7% |
| Taxes | 450/3 | €56,202 | €55,793 | -€409 | -0.7% |
| Other amounts payable | 47/48 | €139,539 | €10,635 | -€128,904 | -92.4% |
| Accrued charges and deferred income | 492/3 | - | €37,005 | +€37,005 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €33,826 | €33,984 | +€157 | +0.5% |
| Other operating charges | 640/8 | €5,382 | €7,153 | +€1,771 | +32.9% |
| Gross operating margin | 9900 | €225,063 | €228,930 | +€3,867 | +1.7% |
| Operating profit (loss) | 9901 | €185,854 | €187,793 | +€1,939 | +1.0% |
| Financial income | 75/76B | €744 | €19,276 | +€18,532 | +2,491% |
| Recurring financial income | 75 | €744 | €19,276 | +€18,532 | +2,491% |
| Financial charges | 65/66B | €17,542 | €10,452 | -€7,091 | -40.4% |
| Recurring financial charges | 65 | €17,542 | €10,452 | -€7,091 | -40.4% |
| Profit (loss) for the period before taxes | 9903 | €169,056 | €196,617 | +€27,561 | +16.3% |
| Income taxes | 67/77 | €56,339 | €62,798 | +€6,459 | +11.5% |
| Profit (loss) for the period | 9904 | €112,717 | €133,819 | +€21,102 | +18.7% |
| Profit (loss) for the period to be appropriated | 9905 | €112,717 | €133,819 | +€21,102 | +18.7% |
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 15 October 2026 via checked.be.