HEYKO: 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.
HEYKO
Largest movements
- Current investments +€43,166
up €43,166 (+47.2%), from €91,457 to €134,623
- Cash -€18,825
down €18,825 (-49.8%), from €37,798 to €18,973
mainly Contributions, distributions and other (-€53,324) and Current investments (-€43,166)
- Stocks and contracts +€8,598
new in 2025: €8,598
- Deferred charges and accrued income -€6,983
no longer reported in 2025 (was €6,983)
- Tangible fixed assets -€3,052
down €3,052 (-32.8%), from €9,309 to €6,257
of which Plant, machinery and equipment: -€2,923
- Other debts +€50,181
up €50,181 (+230%), from €21,817 to €71,998
- Reserves -€23,557
down €23,557 (-42.7%), from €55,184 to €31,627
- Tax, wage and social debts -€3,026
down €3,026 (-22.1%), from €13,677 to €10,651
of which Remuneration and social security: -€6,335
- Financial income +€34,067
up €34,067 (+34,415%), from €99 to €34,166
- Gross operating margin -€8,333
down €8,333 (-68.4%), from €12,190 to €3,857
- Depreciation -€4,823
down €4,823 (-61.2%), from €7,876 to €3,052
- Taxes +€4,608
new in 2025: €4,608
- Financial charges -€2,498
down €2,498 (-96.6%), from €2,586 to €88
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 | €145,547 | €169,926 | +€24,379 | +16.7% |
| Fixed assets | 21/28 | €9,309 | €6,257 | -€3,052 | -32.8% |
| Tangible fixed assets | 22/27 | €9,309 | €6,257 | -€3,052 | -32.8% |
| Plant, machinery and equipment | 23 | €8,922 | €5,999 | -€2,923 | -32.8% |
| Other tangible fixed assets | 26 | €387 | €258 | -€129 | -33.3% |
| Current assets | 29/58 | €136,238 | €163,669 | +€27,431 | +20.1% |
| Stocks and contracts in progress | 3 | - | €8,598 | +€8,598 | |
| Contracts in progress | 37 | - | €8,598 | +€8,598 | |
| Amounts receivable within one year | 40/41 | - | €1,475 | +€1,475 | |
| Trade receivables | 40 | - | €1,465 | +€1,465 | |
| Other amounts receivable | 41 | - | €10 | +€10 | |
| Current investments | 50/53 | €91,457 | €134,623 | +€43,166 | +47.2% |
| Cash at bank and in hand | 54/58 | €37,798 | €18,973 | -€18,825 | -49.8% |
| Deferred charges and accrued income | 490/1 | €6,983 | - | -€6,983 | |
| Total equity and liabilities | 10/49 | €145,547 | €169,926 | +€24,379 | +16.7% |
| Equity | 10/15 | €105,378 | €81,820 | -€23,557 | -22.4% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €55,184 | €31,627 | -€23,557 | -42.7% |
| Distributable reserves | 133 | €55,184 | €31,627 | -€23,557 | -42.7% |
| Profit (loss) carried forward | 14 | €31,593 | €31,593 | = | 0.0% |
| Amounts payable | 17/49 | €40,170 | €88,105 | +€47,936 | +119% |
| Amounts payable within one year | 42/48 | €40,170 | €88,105 | +€47,936 | +119% |
| Trade debts | 44 | €4,676 | €5,457 | +€781 | +16.7% |
| Suppliers | 440/4 | €4,676 | €5,457 | +€781 | +16.7% |
| Taxes, remuneration and social security | 45 | €13,677 | €10,651 | -€3,026 | -22.1% |
| Taxes | 450/3 | €5,965 | €9,274 | +€3,309 | +55.5% |
| Remuneration and social security | 454/9 | €7,712 | €1,377 | -€6,335 | -82.1% |
| Other amounts payable | 47/48 | €21,817 | €71,998 | +€50,181 | +230% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €7,876 | €3,052 | -€4,823 | -61.2% |
| Other operating charges | 640/8 | €502 | €507 | +€5 | +1.0% |
| Gross operating margin | 9900 | €12,190 | €3,857 | -€8,333 | -68.4% |
| Operating profit (loss) | 9901 | €3,812 | €298 | -€3,514 | -92.2% |
| Financial income | 75/76B | €99 | €34,166 | +€34,067 | +34,415% |
| Recurring financial income | 75 | €99 | €34,166 | +€34,067 | +34,415% |
| Financial charges | 65/66B | €2,586 | €88 | -€2,498 | -96.6% |
| Recurring financial charges | 65 | €2,586 | €88 | -€2,498 | -96.6% |
| Profit (loss) for the period before taxes | 9903 | €1,324 | €34,375 | +€33,051 | +2,496% |
| Income taxes | 67/77 | - | €4,608 | +€4,608 | |
| Profit (loss) for the period | 9904 | €1,324 | €29,767 | +€28,443 | +2,148% |
| Profit (loss) for the period to be appropriated | 9905 | €1,324 | €29,767 | +€28,443 | +2,148% |
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 14 October 2026 via checked.be.