Heye Nico: 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.
Heye Nico
Largest movements
- Tangible fixed assets +€36,999
up €36,999 (+157%), from €23,592 to €60,591
of which Furniture and vehicles: +€39,967
- Cash +€19,671
up €19,671 (+48.2%), from €40,797 to €60,467
mainly Debts after one year (+€25,745) and Net result for the year (+€24,926)
- Debts after one year +€25,745
new in 2025: €25,745
- Reserves +€23,326
up €23,326 (+58.2%), from €40,060 to €63,386
of which Distributable reserves: +€16,100
- Current portion of long-term debt +€6,584
new in 2025: €6,584
- Trade debts -€2,345
down €2,345 (-65.9%), from €3,560 to €1,215
- Provisions +€1,806
new in 2025: €1,806
- Gross operating margin +€19,185
up €19,185 (+83.7%), from €22,929 to €42,114
- Depreciation +€5,441
up €5,441 (+180%), from €3,019 to €8,460
- Write-downs -€2,284
down €2,284, from €1,142 to -€1,142
- Taxes +€2,255
up €2,255 (+43.1%), from €5,231 to €7,486
- Financial income +€786
up €786 (+456%), from €172 to €958
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 | €71,101 | €128,493 | +€57,392 | +80.7% |
| Fixed assets | 21/28 | €23,592 | €60,591 | +€36,999 | +157% |
| Tangible fixed assets | 22/27 | €23,592 | €60,591 | +€36,999 | +157% |
| Land and buildings | 22 | €6,040 | €4,752 | -€1,288 | -21.3% |
| Plant, machinery and equipment | 23 | €6,299 | €4,620 | -€1,679 | -26.7% |
| Furniture and vehicles | 24 | €11,253 | €51,220 | +€39,967 | +355% |
| Current assets | 29/58 | €47,510 | €67,902 | +€20,393 | +42.9% |
| Amounts receivable within one year | 40/41 | €3,915 | €3,807 | -€109 | -2.8% |
| Trade receivables | 40 | €2,237 | €3,807 | +€1,569 | +70.2% |
| Other amounts receivable | 41 | €1,678 | €0 | -€1,678 | -100% |
| Cash at bank and in hand | 54/58 | €40,797 | €60,467 | +€19,671 | +48.2% |
| Deferred charges and accrued income | 490/1 | €2,798 | €3,629 | +€831 | +29.7% |
| Total equity and liabilities | 10/49 | €71,101 | €128,493 | +€57,392 | +80.7% |
| Equity | 10/15 | €61,071 | €84,396 | +€23,326 | +38.2% |
| Contributions | 10/11 | €6,200 | €6,200 | = | 0.0% |
| Reserves | 13 | €40,060 | €63,386 | +€23,326 | +58.2% |
| Tax-exempt reserves | 132 | - | €7,226 | +€7,226 | |
| Distributable reserves | 133 | €40,060 | €56,160 | +€16,100 | +40.2% |
| Profit (loss) carried forward | 14 | €14,810 | €14,810 | = | 0.0% |
| Provisions and deferred taxes | 16 | - | €1,806 | +€1,806 | |
| Deferred taxes | 168 | - | €1,806 | +€1,806 | |
| Amounts payable | 17/49 | €10,031 | €42,291 | +€32,260 | +322% |
| Amounts payable after more than one year | 17 | - | €25,745 | +€25,745 | |
| Financial debts | 170/4 | - | €25,745 | +€25,745 | |
| Amounts payable within one year | 42/48 | €9,956 | €16,546 | +€6,590 | +66.2% |
| Current portion of amounts payable after more than one year | 42 | - | €6,584 | +€6,584 | |
| Trade debts | 44 | €3,560 | €1,215 | -€2,345 | -65.9% |
| Suppliers | 440/4 | €3,560 | €1,215 | -€2,345 | -65.9% |
| Taxes, remuneration and social security | 45 | €4,796 | €6,051 | +€1,255 | +26.2% |
| Taxes | 450/3 | €4,796 | €6,051 | +€1,255 | +26.2% |
| Other amounts payable | 47/48 | €1,600 | €2,696 | +€1,096 | +68.5% |
| Accrued charges and deferred income | 492/3 | €75 | €0 | -€75 | -100% |
| Non-recurring operating income | 76A | - | €9,921 | +€9,921 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €3,019 | €8,460 | +€5,441 | +180% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | €1,142 | -€1,142 | -€2,284 | |
| Other operating charges | 640/8 | €682 | €675 | -€8 | -1.1% |
| Gross operating margin | 9900 | €22,929 | €42,114 | +€19,185 | +83.7% |
| Operating profit (loss) | 9901 | €18,086 | €34,121 | +€16,035 | +88.7% |
| Financial income | 75/76B | €172 | €958 | +€786 | +456% |
| Recurring financial income | 75 | €172 | €958 | +€786 | +456% |
| Financial charges | 65/66B | €185 | €861 | +€676 | +365% |
| Recurring financial charges | 65 | €185 | €861 | +€676 | +365% |
| Profit (loss) for the period before taxes | 9903 | €18,073 | €34,218 | +€16,145 | +89.3% |
| Transfer from deferred taxes | 780 | - | €178 | +€178 | |
| Transfer to deferred taxes | 680 | - | €1,984 | +€1,984 | |
| Income taxes | 67/77 | €5,231 | €7,486 | +€2,255 | +43.1% |
| Profit (loss) for the period | 9904 | €12,842 | €24,926 | +€12,083 | +94.1% |
| Transfer from tax-exempt reserves | 789 | - | €711 | +€711 | |
| Transfer to tax-exempt reserves | 689 | - | €7,937 | +€7,937 | |
| Profit (loss) for the period to be appropriated | 9905 | €12,842 | €17,700 | +€4,858 | +37.8% |
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 21 October 2026 via checked.be.