HEYFEVER: 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.
HEYFEVER
Largest movements
- Cash +€344,698
up €344,698 (+340%), from €101,281 to €445,979
mainly Net result for the year (+€202,832) and Trade debts (+€80,611)
- Receivables within one year -€32,070
down €32,070 (-18.7%), from €171,489 to €139,419
of which Trade receivables: -€32,456
- Deferred charges and accrued income -€17,286
down €17,286 (-45.1%), from €38,317 to €21,031
- Tangible fixed assets +€8,041
up €8,041 (+549%), from €1,465 to €9,506
of which Land and buildings: +€8,170
- Reserves +€180,332
up €180,332 (+156%), from €115,956 to €296,289
- Trade debts +€80,611
up €80,611 (+63.2%), from €127,531 to €208,142
- Tax, wage and social debts +€51,223
up €51,223 (+168%), from €30,435 to €81,658
- Advances received -€25,150
no longer reported in 2025 (was €25,150)
- Accrued charges and deferred income +€20,367
up €20,367 (+215%), from €9,479 to €29,846
- Turnover +€874,305
up €874,305 (+188%), from €465,411 to €1.3m
- Goods and materials +€676,269
up €676,269 (+576%), from €117,367 to €793,636
- Taxes +€44,632
up €44,632 (+241%), from €18,503 to €63,135
- Services and other goods +€18,699
up €18,699 (+7.2%), from €259,989 to €278,688
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 | €312,552 | €619,935 | +€307,383 | +98.3% |
| Fixed assets | 21/28 | €1,465 | €13,506 | +€12,041 | +822% |
| Tangible fixed assets | 22/27 | €1,465 | €9,506 | +€8,041 | +549% |
| Land and buildings | 22 | - | €8,170 | +€8,170 | |
| Plant, machinery and equipment | 23 | €1,465 | €1,336 | -€129 | -8.8% |
| Financial fixed assets | 28 | - | €4,000 | +€4,000 | |
| Affiliated companies | 280/1 | - | €4,000 | +€4,000 | |
| Participating interests | 280 | - | €4,000 | +€4,000 | |
| Current assets | 29/58 | €311,087 | €606,429 | +€295,342 | +94.9% |
| Amounts receivable within one year | 40/41 | €171,489 | €139,419 | -€32,070 | -18.7% |
| Trade receivables | 40 | €101,381 | €68,925 | -€32,456 | -32.0% |
| Other amounts receivable | 41 | €70,109 | €70,495 | +€386 | +0.6% |
| Cash at bank and in hand | 54/58 | €101,281 | €445,979 | +€344,698 | +340% |
| Deferred charges and accrued income | 490/1 | €38,317 | €21,031 | -€17,286 | -45.1% |
| Total equity and liabilities | 10/49 | €312,552 | €619,935 | +€307,383 | +98.3% |
| Equity | 10/15 | €119,956 | €300,289 | +€180,332 | +150% |
| Contributions | 10/11 | €4,000 | €4,000 | = | 0.0% |
| Reserves | 13 | €115,956 | €296,289 | +€180,332 | +156% |
| Distributable reserves | 133 | €115,956 | €296,289 | +€180,332 | +156% |
| Amounts payable | 17/49 | €192,595 | €319,646 | +€127,051 | +66.0% |
| Amounts payable within one year | 42/48 | €183,116 | €289,800 | +€106,684 | +58.3% |
| Trade debts | 44 | €127,531 | €208,142 | +€80,611 | +63.2% |
| Suppliers | 440/4 | €127,531 | €208,142 | +€80,611 | +63.2% |
| Advances received on contracts in progress | 46 | €25,150 | - | -€25,150 | |
| Taxes, remuneration and social security | 45 | €30,435 | €81,658 | +€51,223 | +168% |
| Taxes | 450/3 | €30,435 | €81,658 | +€51,223 | +168% |
| Accrued charges and deferred income | 492/3 | €9,479 | €29,846 | +€20,367 | +215% |
| Operating income | 70/76A | €466,606 | €1,344,440 | +€877,834 | +188% |
| Turnover | 70 | €465,411 | €1,339,716 | +€874,305 | +188% |
| Other operating income | 74 | €1,195 | €4,724 | +€3,528 | +295% |
| Operating charges | 60/66A | €378,166 | €1,073,873 | +€695,707 | +184% |
| Goods for resale, raw materials and consumables | 60 | €117,367 | €793,636 | +€676,269 | +576% |
| Purchases | 600/8 | €117,367 | €793,636 | +€676,269 | +576% |
| Services and other goods | 61 | €259,989 | €278,688 | +€18,699 | +7.2% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €649 | €1,156 | +€508 | +78.3% |
| Other operating charges | 640/8 | €161 | €392 | +€231 | +143% |
| Operating profit (loss) | 9901 | €88,440 | €270,567 | +€182,126 | +206% |
| Financial income | 75/76B | €522 | €427 | -€94 | -18.1% |
| Recurring financial income | 75 | €522 | €427 | -€94 | -18.1% |
| Other financial income | 752/9 | €522 | €427 | -€94 | -18.1% |
| Financial charges | 65/66B | €1,401 | €5,026 | +€3,625 | +259% |
| Recurring financial charges | 65 | €1,401 | €5,026 | +€3,625 | +259% |
| Debt charges | 650 | €737 | €4,285 | +€3,548 | +482% |
| Other financial charges | 652/9 | €665 | €741 | +€77 | +11.5% |
| Profit (loss) for the period before taxes | 9903 | €87,561 | €265,968 | +€178,407 | +204% |
| Income taxes | 67/77 | €18,503 | €63,135 | +€44,632 | +241% |
| Taxes | 670/3 | €18,503 | €63,135 | +€44,632 | +241% |
| Profit (loss) for the period | 9904 | €69,057 | €202,832 | +€133,775 | +194% |
| Profit (loss) for the period to be appropriated | 9905 | €69,057 | €202,832 | +€133,775 | +194% |
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 15 October 2026 via checked.be.