HEYDA: 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.
HEYDA
Largest movements
- Current investments +€100,000
up €100,000 (+25.0%), from €400,000 to €500,000
- Cash -€97,719
down €97,719 (-71.8%), from €136,075 to €38,356
mainly Current investments (-€100,000) and Net result for the year (-€63,517)
- Tangible fixed assets -€38,575
down €38,575 (-8.2%), from €472,117 to €433,542
of which Land and buildings: -€111,104
- Reserves -€69,408
down €69,408 (-14.4%), from €482,441 to €413,033
of which Distributable reserves: -€69,408
- Trade debts +€28,864
up €28,864 (+311%), from €9,267 to €38,132
- Turnover -€146,629
no longer reported in 2025 (was €146,629)
- Purchases and services -€46,218
no longer reported in 2025 (was €46,218)
- Write-downs +€17,401
new in 2025: €17,401
- Depreciation -€10,586
down €10,586 (-48.4%), from €21,871 to €11,285
- Financial charges +€9,353
up €9,353 (+47.3%), from €19,767 to €29,120
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 | €1,022,521 | €1,003,892 | -€18,629 | -1.8% |
| Fixed assets | 21/28 | €472,117 | €439,942 | -€32,175 | -6.8% |
| Tangible fixed assets | 22/27 | €472,117 | €433,542 | -€38,575 | -8.2% |
| Land and buildings | 22 | €410,649 | €299,546 | -€111,104 | -27.1% |
| Assets under construction and advance payments | 27 | €61,468 | €133,997 | +€72,529 | +118% |
| Financial fixed assets | 28 | - | €6,400 | +€6,400 | |
| Current assets | 29/58 | €550,404 | €563,950 | +€13,546 | +2.5% |
| Amounts receivable within one year | 40/41 | €5,033 | €13,986 | +€8,953 | +178% |
| Trade receivables | 40 | €1,325 | €2,509 | +€1,184 | +89.3% |
| Other amounts receivable | 41 | €3,708 | €11,478 | +€7,769 | +210% |
| Current investments | 50/53 | €400,000 | €500,000 | +€100,000 | +25.0% |
| Cash at bank and in hand | 54/58 | €136,075 | €38,356 | -€97,719 | -71.8% |
| Deferred charges and accrued income | 490/1 | €9,296 | €11,608 | +€2,312 | +24.9% |
| Total equity and liabilities | 10/49 | €1,022,521 | €1,003,892 | -€18,629 | -1.8% |
| Equity | 10/15 | €632,694 | €569,176 | -€63,517 | -10.0% |
| Contributions | 10/11 | €156,143 | €156,143 | = | 0.0% |
| Capital | 10 | €156,143 | €156,143 | = | 0.0% |
| Issued capital | 100 | €156,143 | €156,143 | = | 0.0% |
| Reserves | 13 | €482,441 | €413,033 | -€69,408 | -14.4% |
| Non-distributable reserves | 130/1 | €15,614 | €15,614 | = | 0.0% |
| Legal reserve | 130 | €15,614 | €15,614 | = | 0.0% |
| Distributable reserves | 133 | €466,826 | €397,419 | -€69,408 | -14.9% |
| Profit (loss) carried forward | 14 | -€5,890 | - | +€5,890 | |
| Amounts payable | 17/49 | €389,827 | €434,716 | +€44,889 | +11.5% |
| Amounts payable within one year | 42/48 | €365,675 | €402,371 | +€36,696 | +10.0% |
| Trade debts | 44 | €9,267 | €38,132 | +€28,864 | +311% |
| Suppliers | 440/4 | €9,267 | €38,132 | +€28,864 | +311% |
| Taxes, remuneration and social security | 45 | €314 | - | -€314 | |
| Taxes | 450/3 | €314 | - | -€314 | |
| Other amounts payable | 47/48 | €356,094 | €364,239 | +€8,145 | +2.3% |
| Accrued charges and deferred income | 492/3 | €24,152 | €32,345 | +€8,193 | +33.9% |
| Turnover | 70 | €146,629 | - | -€146,629 | |
| Goods, raw materials, services and sundry goods | 60/61 | €46,218 | - | -€46,218 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €21,871 | €11,285 | -€10,586 | -48.4% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | - | €17,401 | +€17,401 | |
| Other operating charges | 640/8 | €11,544 | €14,282 | +€2,737 | +23.7% |
| Non-recurring operating charges | 66A | €0 | €113,973 | +€113,973 | |
| Gross operating margin | 9900 | €101,314 | €109,664 | +€8,350 | +8.2% |
| Operating profit (loss) | 9901 | €67,899 | -€47,276 | -€115,175 | |
| Financial income | 75/76B | €13,651 | €12,879 | -€772 | -5.7% |
| Recurring financial income | 75 | €13,651 | €12,879 | -€772 | -5.7% |
| Financial charges | 65/66B | €19,767 | €29,120 | +€9,353 | +47.3% |
| Recurring financial charges | 65 | €19,767 | €29,120 | +€9,353 | +47.3% |
| Profit (loss) for the period before taxes | 9903 | €61,783 | -€63,517 | -€125,300 | |
| Profit (loss) for the period | 9904 | €61,783 | -€63,517 | -€125,300 | |
| Profit (loss) for the period to be appropriated | 9905 | €61,783 | -€63,517 | -€125,300 |
Source: filed annual accounts (NBB), financial years ended 30 June 2024 and 30 June 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 15 October 2026 via checked.be.