HEYERICK PROJECTS: 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.
HEYERICK PROJECTS
Largest movements
- Financial fixed assets +€150,000
up €150,000 (+41322.3%), from €363 to €150,363
- Receivables within one year +€78,398
up €78,398 (+46.5%), from €168,515 to €246,913
of which Trade receivables: +€74,710
- Stocks and contracts -€38,452
down €38,452 (-28.3%), from €135,985 to €97,533
- Cash +€33,166
up €33,166 (+372.5%), from €8,903 to €42,068
mainly Debts after one year (+€119,102) and Other debts (+€64,426)
- Debts after one year +€119,102
new in 2025: €119,102
- Other debts +€64,426
up €64,426 (+56.5%), from €114,090 to €178,516
- Current portion of long-term debt +€38,880
new in 2025: €38,880
- Reserves +€35,895
up €35,895 (+46.2%), from €77,622 to €113,517
of which Distributable reserves: +€35,895
- Tax, wage and social debts -€29,011
down €29,011 (-72.9%), from €39,804 to €10,794
of which Taxes: -€15,347
- Staff costs -€38,781
down €38,781 (-23.1%), from €167,542 to €128,761
- Taxes +€10,817
up €10,817 (+526.2%), from €2,056 to €12,873
- Gross operating margin +€5,858
up €5,858 (+3.3%), from €179,236 to €185,094
- Financial charges +€5,707
up €5,707 (+80.1%), from €7,129 to €12,836
- Financial income +€4,805
up €4,805 (+95.4%), from €5,037 to €9,842
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 | €322,255 | €548,313 | +€226,058 | +70.1% |
| Fixed assets | 21/28 | €6,909 | €159,489 | +€152,579 | +2208.3% |
| Intangible fixed assets | 21 | €86 | €35 | -€51 | -59.0% |
| Tangible fixed assets | 22/27 | €6,460 | €9,090 | +€2,630 | +40.7% |
| Plant, machinery and equipment | 23 | €4,851 | €6,264 | +€1,413 | +29.1% |
| Furniture and vehicles | 24 | €1,609 | €2,826 | +€1,217 | +75.6% |
| Financial fixed assets | 28 | €363 | €150,363 | +€150,000 | +41322.3% |
| Current assets | 29/58 | €315,346 | €388,825 | +€73,479 | +23.3% |
| Stocks and contracts in progress | 3 | €135,985 | €97,533 | -€38,452 | -28.3% |
| Stocks | 30/36 | €135,985 | €97,533 | -€38,452 | -28.3% |
| Amounts receivable within one year | 40/41 | €168,515 | €246,913 | +€78,398 | +46.5% |
| Trade receivables | 40 | €162,145 | €236,855 | +€74,710 | +46.1% |
| Other amounts receivable | 41 | €6,370 | €10,058 | +€3,688 | +57.9% |
| Cash at bank and in hand | 54/58 | €8,903 | €42,068 | +€33,166 | +372.5% |
| Deferred charges and accrued income | 490/1 | €1,943 | €2,310 | +€367 | +18.9% |
| Total equity and liabilities | 10/49 | €322,255 | €548,313 | +€226,058 | +70.1% |
| Equity | 10/15 | €128,536 | €164,432 | +€35,895 | +27.9% |
| Contributions | 10/11 | €50,915 | €50,915 | = | 0.0% |
| Reserves | 13 | €77,622 | €113,517 | +€35,895 | +46.2% |
| Tax-exempt reserves | 132 | €5,877 | €5,877 | = | 0.0% |
| Distributable reserves | 133 | €71,745 | €107,640 | +€35,895 | +50.0% |
| Amounts payable | 17/49 | €193,719 | €383,882 | +€190,163 | +98.2% |
| Amounts payable after more than one year | 17 | - | €119,102 | +€119,102 | |
| Financial debts | 170/4 | - | €119,102 | +€119,102 | |
| Amounts payable within one year | 42/48 | €190,073 | €258,928 | +€68,855 | +36.2% |
| Current portion of amounts payable after more than one year | 42 | - | €38,880 | +€38,880 | |
| Trade debts | 44 | €36,178 | €30,739 | -€5,440 | -15.0% |
| Suppliers | 440/4 | €36,178 | €30,739 | -€5,440 | -15.0% |
| Taxes, remuneration and social security | 45 | €39,804 | €10,794 | -€29,011 | -72.9% |
| Taxes | 450/3 | €18,220 | €2,873 | -€15,347 | -84.2% |
| Remuneration and social security | 454/9 | €21,585 | €7,921 | -€13,664 | -63.3% |
| Other amounts payable | 47/48 | €114,090 | €178,516 | +€64,426 | +56.5% |
| Accrued charges and deferred income | 492/3 | €3,646 | €5,852 | +€2,206 | +60.5% |
| Remuneration, social security and pensions | 62 | €167,542 | €128,761 | -€38,781 | -23.1% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €3,020 | €3,071 | +€51 | +1.7% |
| Other operating charges | 640/8 | €2,550 | €1,500 | -€1,050 | -41.2% |
| Gross operating margin | 9900 | €179,236 | €185,094 | +€5,858 | +3.3% |
| Operating profit (loss) | 9901 | €6,125 | €51,762 | +€45,637 | +745.1% |
| Financial income | 75/76B | €5,037 | €9,842 | +€4,805 | +95.4% |
| Recurring financial income | 75 | €5,037 | €9,842 | +€4,805 | +95.4% |
| Financial charges | 65/66B | €7,129 | €12,836 | +€5,707 | +80.1% |
| Recurring financial charges | 65 | €7,129 | €12,836 | +€5,707 | +80.1% |
| Profit (loss) for the period before taxes | 9903 | €4,033 | €48,768 | +€44,735 | +1109.2% |
| Income taxes | 67/77 | €2,056 | €12,873 | +€10,817 | +526.2% |
| Profit (loss) for the period | 9904 | €1,977 | €35,895 | +€33,918 | +1715.3% |
| Profit (loss) for the period to be appropriated | 9905 | €1,977 | €35,895 | +€33,918 | +1715.3% |
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 11 October 2026 via checked.be.