Heyendael: 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.
Heyendael
Largest movements
- Receivables within one year +€47,652
up €47,652 (+99.3%), from €47,993 to €95,645
of which Trade receivables: +€45,380
- Cash -€20,173
down €20,173 (-38.5%), from €52,420 to €32,247
mainly Receivables within one year (-€47,652) and Tax, wage and social debts (-€19,025)
- Deferred charges and accrued income -€1,933
no longer reported in 2025 (was €1,933)
- Profit (loss) carried forward +€25,034
up €25,034 (+72.4%), from €34,600 to €59,635
- Tax, wage and social debts -€19,025
down €19,025 (-78.7%), from €24,161 to €5,136
of which Taxes: -€19,429
- Trade debts +€12,967
up €12,967 (+109.1%), from €11,882 to €24,848
- Other debts +€5,674
up €5,674 (+175.5%), from €3,233 to €8,907
- Gross operating margin +€111,137
up €111,137, from -€37,676 to €73,461
- Taxes +€6,112
up €6,112 (+4380.8%), from €140 to €6,252
- Staff costs +€5,099
up €5,099 (+15.8%), from €32,213 to €37,311
- Other operating charges -€921
down €921 (-22.4%), from €4,109 to €3,189
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 | €105,730 | €130,380 | +€24,650 | +23.3% |
| Fixed assets | 21/28 | €3,384 | €2,488 | -€896 | -26.5% |
| Tangible fixed assets | 22/27 | €2,999 | €1,782 | -€1,217 | -40.6% |
| Plant, machinery and equipment | 23 | €237 | - | -€237 | |
| Furniture and vehicles | 24 | €2,762 | €1,782 | -€980 | -35.5% |
| Financial fixed assets | 28 | €385 | €706 | +€321 | +83.4% |
| Current assets | 29/58 | €102,346 | €127,892 | +€25,546 | +25.0% |
| Amounts receivable within one year | 40/41 | €47,993 | €95,645 | +€47,652 | +99.3% |
| Trade receivables | 40 | €41,534 | €86,914 | +€45,380 | +109.3% |
| Other amounts receivable | 41 | €6,459 | €8,731 | +€2,272 | +35.2% |
| Cash at bank and in hand | 54/58 | €52,420 | €32,247 | -€20,173 | -38.5% |
| Deferred charges and accrued income | 490/1 | €1,933 | - | -€1,933 | |
| Total equity and liabilities | 10/49 | €105,730 | €130,380 | +€24,650 | +23.3% |
| Equity | 10/15 | €66,455 | €91,489 | +€25,034 | +37.7% |
| Contributions | 10/11 | €6,200 | €6,200 | = | 0.0% |
| Reserves | 13 | €25,654 | €25,654 | = | 0.0% |
| Non-distributable reserves | 130/1 | €1,860 | €1,860 | = | 0.0% |
| Reserves not available under the articles | 1311 | €1,860 | €1,860 | = | 0.0% |
| Distributable reserves | 133 | €23,794 | €23,794 | = | 0.0% |
| Profit (loss) carried forward | 14 | €34,600 | €59,635 | +€25,034 | +72.4% |
| Amounts payable | 17/49 | €39,275 | €38,891 | -€384 | -1.0% |
| Amounts payable within one year | 42/48 | €39,275 | €38,891 | -€384 | -1.0% |
| Trade debts | 44 | €11,882 | €24,848 | +€12,967 | +109.1% |
| Suppliers | 440/4 | €11,882 | €24,848 | +€12,967 | +109.1% |
| Taxes, remuneration and social security | 45 | €24,161 | €5,136 | -€19,025 | -78.7% |
| Taxes | 450/3 | €20,505 | €1,076 | -€19,429 | -94.8% |
| Remuneration and social security | 454/9 | €3,656 | €4,060 | +€405 | +11.1% |
| Other amounts payable | 47/48 | €3,233 | €8,907 | +€5,674 | +175.5% |
| Non-recurring operating income | 76A | €1,500 | - | -€1,500 | |
| Remuneration, social security and pensions | 62 | €32,213 | €37,311 | +€5,099 | +15.8% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €1,300 | €1,217 | -€83 | -6.4% |
| Other operating charges | 640/8 | €4,109 | €3,189 | -€921 | -22.4% |
| Gross operating margin | 9900 | -€37,676 | €73,461 | +€111,137 | |
| Operating profit (loss) | 9901 | -€75,298 | €31,744 | +€107,042 | |
| Financial income | 75/76B | €54 | €170 | +€116 | +217.3% |
| Recurring financial income | 75 | €54 | €170 | +€116 | +217.3% |
| Financial charges | 65/66B | €798 | €629 | -€169 | -21.2% |
| Recurring financial charges | 65 | €798 | €629 | -€169 | -21.2% |
| Profit (loss) for the period before taxes | 9903 | -€76,042 | €31,286 | +€107,328 | |
| Income taxes | 67/77 | €140 | €6,252 | +€6,112 | +4380.8% |
| Profit (loss) for the period | 9904 | -€76,181 | €25,034 | +€101,216 | |
| Profit (loss) for the period to be appropriated | 9905 | -€76,181 | €25,034 | +€101,216 |
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 3 October 2026 via checked.be.