HEYRCON: 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.
HEYRCON
Largest movements
- Tangible fixed assets -€18,857
down €18,857 (-18.9%), from €99,881 to €81,024
of which Furniture and vehicles: -€18,595
- Cash +€5,991
up €5,991 (+22.1%), from €27,056 to €33,047
mainly Depreciation (+€22,115) and Net result for the year (+€10,514)
- Receivables within one year +€4,842
up €4,842 (+25.6%), from €18,924 to €23,766
of which Trade receivables: +€4,739
- Debts after one year -€17,663
down €17,663 (-25.8%), from €68,397 to €50,734
- Contributions -€11,094
down €11,094 (-89.5%), from €12,400 to €1,306
- Reserves +€8,808
up €8,808 (+27.1%), from €32,524 to €41,332
of which Distributable reserves: +€8,808
- Short-term financial debts +€7,500
new in 2025: €7,500
- Tax, wage and social debts +€7,227
up €7,227 (+86.3%), from €8,375 to €15,602
of which Taxes: +€7,271
- Gross operating margin +€15,202
up €15,202 (+36.3%), from €41,873 to €57,075
- Depreciation +€13,316
up €13,316 (+151%), from €8,799 to €22,115
- Other operating charges -€13,193
down €13,193 (-69.5%), from €18,977 to €5,784
- Taxes +€8,445
up €8,445 (+124%), from €6,814 to €15,259
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 | €148,798 | €140,685 | -€8,113 | -5.5% |
| Fixed assets | 21/28 | €100,881 | €81,024 | -€19,857 | -19.7% |
| Tangible fixed assets | 22/27 | €99,881 | €81,024 | -€18,857 | -18.9% |
| Land and buildings | 22 | €1,790 | €1,585 | -€205 | -11.5% |
| Furniture and vehicles | 24 | €97,978 | €79,382 | -€18,595 | -19.0% |
| Other tangible fixed assets | 26 | €113 | €56 | -€57 | -50.0% |
| Financial fixed assets | 28 | €1,000 | €0 | -€1,000 | -100% |
| Current assets | 29/58 | €47,917 | €59,662 | +€11,744 | +24.5% |
| Amounts receivable within one year | 40/41 | €18,924 | €23,766 | +€4,842 | +25.6% |
| Trade receivables | 40 | €18,281 | €23,020 | +€4,739 | +25.9% |
| Other amounts receivable | 41 | €643 | €745 | +€103 | +16.0% |
| Cash at bank and in hand | 54/58 | €27,056 | €33,047 | +€5,991 | +22.1% |
| Deferred charges and accrued income | 490/1 | €1,938 | €2,850 | +€912 | +47.0% |
| Total equity and liabilities | 10/49 | €148,798 | €140,685 | -€8,113 | -5.5% |
| Equity | 10/15 | €44,924 | €42,638 | -€2,285 | -5.1% |
| Contributions | 10/11 | €12,400 | €1,306 | -€11,094 | -89.5% |
| Reserves | 13 | €32,524 | €41,332 | +€8,808 | +27.1% |
| Tax-exempt reserves | 132 | €21,379 | €21,379 | = | 0.0% |
| Distributable reserves | 133 | €11,145 | €19,954 | +€8,808 | +79.0% |
| Profit (loss) carried forward | 14 | €0 | €0 | = | |
| Amounts payable | 17/49 | €103,874 | €98,047 | -€5,827 | -5.6% |
| Amounts payable after more than one year | 17 | €68,397 | €50,734 | -€17,663 | -25.8% |
| Financial debts | 170/4 | €68,397 | €50,734 | -€17,663 | -25.8% |
| Amounts payable within one year | 42/48 | €35,477 | €47,287 | +€11,810 | +33.3% |
| Current portion of amounts payable after more than one year | 42 | €16,966 | €17,663 | +€697 | +4.1% |
| Financial debts | 43 | - | €7,500 | +€7,500 | |
| Credit institutions | 430/8 | - | €7,500 | +€7,500 | |
| Trade debts | 44 | €10,052 | €4,490 | -€5,562 | -55.3% |
| Suppliers | 440/4 | €10,052 | €4,490 | -€5,562 | -55.3% |
| Taxes, remuneration and social security | 45 | €8,375 | €15,602 | +€7,227 | +86.3% |
| Taxes | 450/3 | €8,331 | €15,602 | +€7,271 | +87.3% |
| Remuneration and social security | 454/9 | €44 | €0 | -€44 | -100% |
| Other amounts payable | 47/48 | €85 | €2,032 | +€1,948 | +2,293% |
| Accrued charges and deferred income | 492/3 | - | €26 | +€26 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €8,799 | €22,115 | +€13,316 | +151% |
| Other operating charges | 640/8 | €18,977 | €5,784 | -€13,193 | -69.5% |
| Gross operating margin | 9900 | €41,873 | €57,075 | +€15,202 | +36.3% |
| Operating profit (loss) | 9901 | €14,097 | €29,176 | +€15,079 | +107% |
| Financial income | 75/76B | €192 | €230 | +€38 | +19.6% |
| Recurring financial income | 75 | €192 | €230 | +€38 | +19.6% |
| Financial charges | 65/66B | €3,104 | €3,633 | +€529 | +17.0% |
| Recurring financial charges | 65 | €3,104 | €3,633 | +€529 | +17.0% |
| Profit (loss) for the period before taxes | 9903 | €11,185 | €25,773 | +€14,588 | +130% |
| Income taxes | 67/77 | €6,814 | €15,259 | +€8,445 | +124% |
| Profit (loss) for the period | 9904 | €4,372 | €10,514 | +€6,143 | +141% |
| Profit (loss) for the period to be appropriated | 9905 | €4,372 | €10,514 | +€6,143 | +141% |
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 19 October 2026 via checked.be.