HEYCOM: 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.
HEYCOM
Largest movements
- Cash -€2.2m
down €2.2m (-92.0%), from €2.4m to €194,238
mainly Contributions, distributions and other (-€3.0m) and Investment in fixed assets (net) (-€673,725)
- Tangible fixed assets +€607,459
up €607,459 (+267.1%), from €227,397 to €834,856
of which Land and buildings: +€586,944
- Current investments +€65,920
new in 2025: €65,920
- Reserves -€2.2m
down €2.2m (-100.0%), from €2.2m to €761
- Debts after one year +€409,208
new in 2025: €409,208
- Other debts +€320,000
new in 2025: €320,000
- Tax, wage and social debts -€223,907
down €223,907 (-45.4%), from €493,402 to €269,494
- Current portion of long-term debt +€115,536
new in 2025: €115,536
- Gross operating margin +€144,261
up €144,261 (+14.5%), from €993,578 to €1.1m
- Other operating charges +€100,282
up €100,282 (+5956.8%), from €1,683 to €101,965
- Depreciation +€42,901
up €42,901 (+183.6%), from €23,365 to €66,266
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 | €2,721,275 | €1,121,391 | -€1.6m | -58.8% |
| Fixed assets | 21/28 | €227,397 | €834,856 | +€607,459 | +267.1% |
| Tangible fixed assets | 22/27 | €227,397 | €834,856 | +€607,459 | +267.1% |
| Land and buildings | 22 | - | €586,944 | +€586,944 | |
| Plant, machinery and equipment | 23 | €3,667 | €2,870 | -€797 | -21.7% |
| Furniture and vehicles | 24 | €159,932 | €188,394 | +€28,462 | +17.8% |
| Other tangible fixed assets | 26 | €63,797 | €56,647 | -€7,150 | -11.2% |
| Current assets | 29/58 | €2,493,879 | €286,535 | -€2.2m | -88.5% |
| Amounts receivable within one year | 40/41 | €45,504 | €24,465 | -€21,040 | -46.2% |
| Trade receivables | 40 | €27,900 | - | -€27,900 | |
| Other amounts receivable | 41 | €17,604 | €24,465 | +€6,860 | +39.0% |
| Current investments | 50/53 | - | €65,920 | +€65,920 | |
| Cash at bank and in hand | 54/58 | €2,435,671 | €194,238 | -€2.2m | -92.0% |
| Deferred charges and accrued income | 490/1 | €12,704 | €1,913 | -€10,791 | -84.9% |
| Total equity and liabilities | 10/49 | €2,721,275 | €1,121,391 | -€1.6m | -58.8% |
| Equity | 10/15 | €2,224,900 | €5,761 | -€2.2m | -99.7% |
| Contributions | 10/11 | €5,000 | €5,000 | = | 0.0% |
| Reserves | 13 | €2,219,900 | €761 | -€2.2m | -100.0% |
| Distributable reserves | 133 | €2,219,900 | €761 | -€2.2m | -100.0% |
| Amounts payable | 17/49 | €496,376 | €1,115,630 | +€619,254 | +124.8% |
| Amounts payable after more than one year | 17 | - | €409,208 | +€409,208 | |
| Financial debts | 170/4 | - | €409,208 | +€409,208 | |
| Amounts payable within one year | 42/48 | €496,376 | €706,422 | +€210,046 | +42.3% |
| Current portion of amounts payable after more than one year | 42 | - | €115,536 | +€115,536 | |
| Trade debts | 44 | €2,974 | €1,391 | -€1,583 | -53.2% |
| Suppliers | 440/4 | €2,974 | €1,391 | -€1,583 | -53.2% |
| Taxes, remuneration and social security | 45 | €493,402 | €269,494 | -€223,907 | -45.4% |
| Taxes | 450/3 | €493,402 | €269,494 | -€223,907 | -45.4% |
| Other amounts payable | 47/48 | - | €320,000 | +€320,000 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €23,365 | €66,266 | +€42,901 | +183.6% |
| Other operating charges | 640/8 | €1,683 | €101,965 | +€100,282 | +5956.8% |
| Gross operating margin | 9900 | €993,578 | €1,137,839 | +€144,261 | +14.5% |
| Operating profit (loss) | 9901 | €968,529 | €969,608 | +€1,078 | +0.1% |
| Financial income | 75/76B | €52,341 | €43,253 | -€9,087 | -17.4% |
| Recurring financial income | 75 | €52,341 | €43,253 | -€9,087 | -17.4% |
| Financial charges | 65/66B | €1,865 | €12,757 | +€10,891 | +583.8% |
| Recurring financial charges | 65 | €1,865 | €12,757 | +€10,891 | +583.8% |
| Profit (loss) for the period before taxes | 9903 | €1,019,005 | €1,000,105 | -€18,900 | -1.9% |
| Income taxes | 67/77 | €255,098 | €249,243 | -€5,855 | -2.3% |
| Profit (loss) for the period | 9904 | €763,906 | €750,861 | -€13,045 | -1.7% |
| Profit (loss) for the period to be appropriated | 9905 | €763,906 | €750,861 | -€13,045 | -1.7% |
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 7 October 2026 via checked.be.