HEYDE MARC: 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.
HEYDE MARC
Largest movements
- Current investments +€95,000
up €95,000 (+95.0%), from €99,993 to €194,993
- Cash -€59,331
down €59,331 (-36.7%), from €161,557 to €102,226
mainly Current investments (-€95,000) and Contributions, distributions and other (-€65,104)
- Tangible fixed assets +€23,520
up €23,520 (+71.9%), from €32,710 to €56,231
of which Furniture and vehicles: +€22,685
- Other debts +€51,902
up €51,902 (+284.3%), from €18,258 to €70,159
- Tax, wage and social debts -€25,587
down €25,587 (-47.3%), from €54,061 to €28,474
- Reserves +€23,508
up €23,508 (+14.2%), from €165,752 to €189,260
- Debts after one year +€19,426
new in 2025: €19,426
- Current portion of long-term debt -€6,973
down €6,973 (-47.9%), from €14,548 to €7,576
- Gross operating margin +€11,843
up €11,843 (+9.0%), from €131,426 to €143,268
- Other operating charges +€4,033
up €4,033 (+1039.3%), from €388 to €4,421
- Taxes -€2,770
down €2,770 (-6.3%), from €43,635 to €40,865
- Depreciation +€1,697
up €1,697 (+23.3%), from €7,294 to €8,991
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 | €295,612 | €354,801 | +€59,189 | +20.0% |
| Fixed assets | 21/28 | €32,822 | €56,343 | +€23,520 | +71.7% |
| Tangible fixed assets | 22/27 | €32,710 | €56,231 | +€23,520 | +71.9% |
| Land and buildings | 22 | €3,331 | €2,876 | -€455 | -13.7% |
| Plant, machinery and equipment | 23 | €99 | €2,016 | +€1,917 | +1943.2% |
| Furniture and vehicles | 24 | €26,171 | €48,856 | +€22,685 | +86.7% |
| Other tangible fixed assets | 26 | €3,109 | €2,483 | -€626 | -20.1% |
| Financial fixed assets | 28 | €112 | €112 | = | 0.0% |
| Current assets | 29/58 | €262,789 | €298,458 | +€35,669 | +13.6% |
| Stocks and contracts in progress | 3 | €1,239 | €1,239 | = | 0.0% |
| Stocks | 30/36 | €1,239 | €1,239 | = | 0.0% |
| Current investments | 50/53 | €99,993 | €194,993 | +€95,000 | +95.0% |
| Cash at bank and in hand | 54/58 | €161,557 | €102,226 | -€59,331 | -36.7% |
| Total equity and liabilities | 10/49 | €295,612 | €354,801 | +€59,189 | +20.0% |
| Equity | 10/15 | €188,475 | €211,983 | +€23,508 | +12.5% |
| Contributions | 10/11 | €6,200 | €6,200 | = | 0.0% |
| Reserves | 13 | €165,752 | €189,260 | +€23,508 | +14.2% |
| Distributable reserves | 133 | €165,752 | €189,260 | +€23,508 | +14.2% |
| Profit (loss) carried forward | 14 | €16,523 | €16,523 | = | 0.0% |
| Provisions and deferred taxes | 16 | €16,949 | €16,949 | = | 0.0% |
| Provisions for liabilities and charges | 160/5 | €16,949 | €16,949 | = | 0.0% |
| Pensions and similar obligations | 160 | €16,949 | €16,949 | = | 0.0% |
| Amounts payable | 17/49 | €90,187 | €125,868 | +€35,682 | +39.6% |
| Amounts payable after more than one year | 17 | - | €19,426 | +€19,426 | |
| Financial debts | 170/4 | - | €19,426 | +€19,426 | |
| Amounts payable within one year | 42/48 | €90,187 | €106,442 | +€16,255 | +18.0% |
| Current portion of amounts payable after more than one year | 42 | €14,548 | €7,576 | -€6,973 | -47.9% |
| Trade debts | 44 | €3,320 | €234 | -€3,087 | -93.0% |
| Suppliers | 440/4 | €3,320 | €234 | -€3,087 | -93.0% |
| Taxes, remuneration and social security | 45 | €54,061 | €28,474 | -€25,587 | -47.3% |
| Taxes | 450/3 | €54,061 | €28,474 | -€25,587 | -47.3% |
| Other amounts payable | 47/48 | €18,258 | €70,159 | +€51,902 | +284.3% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €7,294 | €8,991 | +€1,697 | +23.3% |
| Other operating charges | 640/8 | €388 | €4,421 | +€4,033 | +1039.3% |
| Gross operating margin | 9900 | €131,426 | €143,268 | +€11,843 | +9.0% |
| Operating profit (loss) | 9901 | €123,744 | €129,857 | +€6,113 | +4.9% |
| Financial income | 75/76B | €2,060 | €1,903 | -€157 | -7.6% |
| Recurring financial income | 75 | €2,060 | €1,903 | -€157 | -7.6% |
| Financial charges | 65/66B | €1,540 | €2,283 | +€743 | +48.2% |
| Recurring financial charges | 65 | €1,540 | €2,283 | +€743 | +48.2% |
| Profit (loss) for the period before taxes | 9903 | €124,263 | €129,477 | +€5,214 | +4.2% |
| Income taxes | 67/77 | €43,635 | €40,865 | -€2,770 | -6.3% |
| Profit (loss) for the period | 9904 | €80,628 | €88,612 | +€7,984 | +9.9% |
| Profit (loss) for the period to be appropriated | 9905 | €80,628 | €88,612 | +€7,984 | +9.9% |
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.