HEYMAN BART: 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.
HEYMAN BART
Largest movements
- Receivables within one year +€104,187
up €104,187 (+39.0%), from €266,973 to €371,160
of which Trade receivables: +€58,066
- Intangible fixed assets -€77,236
down €77,236 (-11.7%), from €659,921 to €582,685
- Cash -€51,513
down €51,513 (-51.2%), from €100,548 to €49,035
mainly Debts after one year (-€138,046) and Receivables within one year (-€104,187)
- Tangible fixed assets -€48,391
down €48,391 (-8.7%), from €554,296 to €505,905
of which Land and buildings: -€51,677
- Debts after one year -€138,046
down €138,046 (-22.5%), from €614,525 to €476,479
- Trade debts +€118,436
up €118,436 (+64.0%), from €185,168 to €303,604
- Current portion of long-term debt -€94,256
down €94,256 (-22.3%), from €422,732 to €328,476
- Other debts +€63,283
up €63,283 (+74.2%), from €85,289 to €148,572
- Tax, wage and social debts -€27,435
down €27,435 (-41.5%), from €66,083 to €38,648
- Gross operating margin -€89,924
down €89,924 (-13.0%), from €690,926 to €601,002
- Financial charges +€26,498
up €26,498 (+149%), from €17,791 to €44,289
of which Non-recurring financial charges: +€18,971
- Taxes +€22,041
up €22,041 (+186%), from €11,873 to €33,914
- Staff costs -€18,361
down €18,361 (-5.1%), from €361,080 to €342,719
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 | €1,582,668 | €1,509,715 | -€72,953 | -4.6% |
| Fixed assets | 21/28 | €1,215,147 | €1,089,520 | -€125,627 | -10.3% |
| Intangible fixed assets | 21 | €659,921 | €582,685 | -€77,236 | -11.7% |
| Tangible fixed assets | 22/27 | €554,296 | €505,905 | -€48,391 | -8.7% |
| Land and buildings | 22 | €548,321 | €496,644 | -€51,677 | -9.4% |
| Plant, machinery and equipment | 23 | €1,701 | €851 | -€850 | -50.0% |
| Furniture and vehicles | 24 | €4,274 | €8,410 | +€4,136 | +96.8% |
| Financial fixed assets | 28 | €930 | €930 | = | 0.0% |
| Current assets | 29/58 | €367,521 | €420,195 | +€52,674 | +14.3% |
| Amounts receivable within one year | 40/41 | €266,973 | €371,160 | +€104,187 | +39.0% |
| Trade receivables | 40 | €119,145 | €177,211 | +€58,066 | +48.7% |
| Other amounts receivable | 41 | €147,828 | €193,949 | +€46,121 | +31.2% |
| Cash at bank and in hand | 54/58 | €100,548 | €49,035 | -€51,513 | -51.2% |
| Total equity and liabilities | 10/49 | €1,582,668 | €1,509,715 | -€72,953 | -4.6% |
| Equity | 10/15 | €205,582 | €196,507 | -€9,075 | -4.4% |
| Contributions | 10/11 | €50,000 | €50,000 | = | 0.0% |
| Reserves | 13 | €158,683 | €146,507 | -€12,176 | -7.7% |
| Distributable reserves | 133 | €158,683 | €146,507 | -€12,176 | -7.7% |
| Profit (loss) carried forward | 14 | -€3,101 | - | +€3,101 | |
| Amounts payable | 17/49 | €1,377,086 | €1,313,208 | -€63,878 | -4.6% |
| Amounts payable after more than one year | 17 | €614,525 | €476,479 | -€138,046 | -22.5% |
| Financial debts | 170/4 | €614,525 | €476,479 | -€138,046 | -22.5% |
| Amounts payable within one year | 42/48 | €759,272 | €819,300 | +€60,028 | +7.9% |
| Current portion of amounts payable after more than one year | 42 | €422,732 | €328,476 | -€94,256 | -22.3% |
| Trade debts | 44 | €185,168 | €303,604 | +€118,436 | +64.0% |
| Suppliers | 440/4 | €185,168 | €303,604 | +€118,436 | +64.0% |
| Taxes, remuneration and social security | 45 | €66,083 | €38,648 | -€27,435 | -41.5% |
| Remuneration and social security | 454/9 | €66,083 | €38,648 | -€27,435 | -41.5% |
| Other amounts payable | 47/48 | €85,289 | €148,572 | +€63,283 | +74.2% |
| Accrued charges and deferred income | 492/3 | €3,289 | €17,429 | +€14,140 | +430% |
| Remuneration, social security and pensions | 62 | €361,080 | €342,719 | -€18,361 | -5.1% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €132,871 | €134,754 | +€1,883 | +1.4% |
| Other operating charges | 640/8 | €6,517 | €6,564 | +€47 | +0.7% |
| Non-recurring operating charges | 66A | €162,219 | - | -€162,219 | |
| Gross operating margin | 9900 | €690,926 | €601,002 | -€89,924 | -13.0% |
| Operating profit (loss) | 9901 | €28,239 | €116,965 | +€88,726 | +314% |
| Financial income | 75/76B | €9,132 | €15,163 | +€6,031 | +66.0% |
| Recurring financial income | 75 | €9,132 | €15,163 | +€6,031 | +66.0% |
| Financial charges | 65/66B | €17,791 | €44,289 | +€26,498 | +149% |
| Recurring financial charges | 65 | €17,791 | €25,318 | +€7,527 | +42.3% |
| Non-recurring financial charges | 66B | - | €18,971 | +€18,971 | |
| Profit (loss) for the period before taxes | 9903 | €19,580 | €87,839 | +€68,259 | +349% |
| Income taxes | 67/77 | €11,873 | €33,914 | +€22,041 | +186% |
| Profit (loss) for the period | 9904 | €7,707 | €53,925 | +€46,218 | +600% |
| Profit (loss) for the period to be appropriated | 9905 | €7,707 | €53,925 | +€46,218 | +600% |
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 26 October 2026 via checked.be.