HEYDEBERG: 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.
HEYDEBERG
Largest movements
- Tangible fixed assets -€50,364
down €50,364 (-4.7%), from €1.1m to €1.0m
- Debts after one year -€98,655
down €98,655 (-16.4%), from €601,494 to €502,839
- Reserves +€51,520
up €51,520 (+19.0%), from €271,214 to €322,734
- Gross operating margin +€15,720
up €15,720 (+11.7%), from €134,761 to €150,481
- Taxes +€5,306
up €5,306 (+28.0%), from €18,942 to €24,248
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 | €1,076,260 | €1,022,616 | -€53,644 | -5.0% |
| Fixed assets | 21/28 | €1,072,408 | €1,022,043 | -€50,364 | -4.7% |
| Tangible fixed assets | 22/27 | €1,072,408 | €1,022,043 | -€50,364 | -4.7% |
| Land and buildings | 22 | €1,072,408 | €1,022,043 | -€50,364 | -4.7% |
| Current assets | 29/58 | €3,853 | €573 | -€3,280 | -85.1% |
| Amounts receivable within one year | 40/41 | €3,322 | €203 | -€3,119 | -93.9% |
| Other amounts receivable | 41 | €3,322 | €203 | -€3,119 | -93.9% |
| Cash at bank and in hand | 54/58 | €530 | €370 | -€161 | -30.3% |
| Total equity and liabilities | 10/49 | €1,076,260 | €1,022,616 | -€53,644 | -5.0% |
| Equity | 10/15 | €321,214 | €372,734 | +€51,520 | +16.0% |
| Contributions | 10/11 | €50,000 | €50,000 | = | 0.0% |
| Reserves | 13 | €271,214 | €322,734 | +€51,520 | +19.0% |
| Distributable reserves | 133 | €271,214 | €322,734 | +€51,520 | +19.0% |
| Amounts payable | 17/49 | €755,047 | €649,882 | -€105,165 | -13.9% |
| Amounts payable after more than one year | 17 | €601,494 | €502,839 | -€98,655 | -16.4% |
| Financial debts | 170/4 | €601,494 | €502,839 | -€98,655 | -16.4% |
| Amounts payable within one year | 42/48 | €153,354 | €146,845 | -€6,510 | -4.2% |
| Current portion of amounts payable after more than one year | 42 | €97,621 | €98,655 | +€1,035 | +1.1% |
| Trade debts | 44 | €1,586 | €1,500 | -€86 | -5.4% |
| Suppliers | 440/4 | €1,586 | €1,500 | -€86 | -5.4% |
| Advances received on contracts in progress | 46 | €10,000 | €7,500 | -€2,500 | -25.0% |
| Taxes, remuneration and social security | 45 | €14,148 | €9,190 | -€4,958 | -35.0% |
| Taxes | 450/3 | €14,148 | €9,190 | -€4,958 | -35.0% |
| Other amounts payable | 47/48 | €30,000 | €30,000 | = | 0.0% |
| Accrued charges and deferred income | 492/3 | €198 | €198 | = | 0.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €50,364 | €50,364 | = | 0.0% |
| Other operating charges | 640/8 | €16,212 | €16,735 | +€524 | +3.2% |
| Gross operating margin | 9900 | €134,761 | €150,481 | +€15,720 | +11.7% |
| Operating profit (loss) | 9901 | €68,185 | €83,382 | +€15,197 | +22.3% |
| Financial charges | 65/66B | €8,654 | €7,614 | -€1,040 | -12.0% |
| Recurring financial charges | 65 | €8,654 | €7,614 | -€1,040 | -12.0% |
| Profit (loss) for the period before taxes | 9903 | €59,532 | €75,768 | +€16,236 | +27.3% |
| Income taxes | 67/77 | €18,942 | €24,248 | +€5,306 | +28.0% |
| Profit (loss) for the period | 9904 | €40,590 | €51,520 | +€10,931 | +26.9% |
| Profit (loss) for the period to be appropriated | 9905 | €40,590 | €51,520 | +€10,931 | +26.9% |
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 16 October 2026 via checked.be.