HEYRMAN - VANDEPERRE: 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.
HEYRMAN - VANDEPERRE
Largest movements
- Current investments +€101,562
up €101,562 (+26.9%), from €377,531 to €479,093
- Cash +€53,671
up €53,671 (+16.3%), from €328,906 to €382,577
mainly Net result for the year (+€121,209) and Depreciation (+€54,236)
- Tangible fixed assets +€20,676
up €20,676 (+7.2%), from €289,164 to €309,840
of which Leasing and similar rights: +€62,291
- Reserves +€119,543
up €119,543 (+15.2%), from €785,028 to €904,571
- Debts after one year +€49,962
up €49,962 (+30.1%), from €166,000 to €215,962
- Staff costs +€6,041
up €6,041 (+18.9%), from €31,909 to €37,950
- Financial income +€5,533
up €5,533 (+106%), from €5,205 to €10,738
- Gross operating margin -€5,034
down €5,034 (-1.8%), from €276,167 to €271,133
- Depreciation +€4,207
up €4,207 (+8.4%), from €50,029 to €54,236
- Taxes -€3,314
down €3,314 (-5.9%), from €56,022 to €52,708
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 | €1,005,849 | €1,179,677 | +€173,828 | +17.3% |
| Fixed assets | 21/28 | €289,204 | €309,880 | +€20,676 | +7.1% |
| Tangible fixed assets | 22/27 | €289,164 | €309,840 | +€20,676 | +7.2% |
| Land and buildings | 22 | €174,327 | €152,949 | -€21,378 | -12.3% |
| Plant, machinery and equipment | 23 | €113,230 | €83,953 | -€29,278 | -25.9% |
| Furniture and vehicles | 24 | €1,606 | €10,647 | +€9,041 | +563% |
| Leasing and similar rights | 25 | - | €62,291 | +€62,291 | |
| Financial fixed assets | 28 | €40 | €40 | = | 0.0% |
| Current assets | 29/58 | €716,645 | €869,798 | +€153,153 | +21.4% |
| Amounts receivable within one year | 40/41 | €4,912 | - | -€4,912 | |
| Other amounts receivable | 41 | €4,912 | - | -€4,912 | |
| Current investments | 50/53 | €377,531 | €479,093 | +€101,562 | +26.9% |
| Cash at bank and in hand | 54/58 | €328,906 | €382,577 | +€53,671 | +16.3% |
| Deferred charges and accrued income | 490/1 | €5,296 | €8,128 | +€2,832 | +53.5% |
| Total equity and liabilities | 10/49 | €1,005,849 | €1,179,677 | +€173,828 | +17.3% |
| Equity | 10/15 | €792,633 | €912,176 | +€119,543 | +15.1% |
| Contributions | 10/11 | €7,605 | €7,605 | = | 0.0% |
| Reserves | 13 | €785,028 | €904,571 | +€119,543 | +15.2% |
| Distributable reserves | 133 | €785,028 | €904,571 | +€119,543 | +15.2% |
| Amounts payable | 17/49 | €213,216 | €267,501 | +€54,285 | +25.5% |
| Amounts payable after more than one year | 17 | €166,000 | €215,962 | +€49,962 | +30.1% |
| Financial debts | 170/4 | €166,000 | €215,962 | +€49,962 | +30.1% |
| Amounts payable within one year | 42/48 | €45,400 | €49,967 | +€4,567 | +10.1% |
| Current portion of amounts payable after more than one year | 42 | €6,689 | €12,282 | +€5,593 | +83.6% |
| Trade debts | 44 | €13,435 | €13,770 | +€336 | +2.5% |
| Suppliers | 440/4 | €13,435 | €13,770 | +€336 | +2.5% |
| Taxes, remuneration and social security | 45 | €12,318 | €12,562 | +€244 | +2.0% |
| Taxes | 450/3 | €8,469 | €8,228 | -€241 | -2.8% |
| Remuneration and social security | 454/9 | €3,849 | €4,335 | +€485 | +12.6% |
| Other amounts payable | 47/48 | €12,957 | €11,352 | -€1,605 | -12.4% |
| Accrued charges and deferred income | 492/3 | €1,816 | €1,572 | -€244 | -13.4% |
| Non-recurring operating income | 76A | - | €5,749 | +€5,749 | |
| Remuneration, social security and pensions | 62 | €31,909 | €37,950 | +€6,041 | +18.9% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €50,029 | €54,236 | +€4,207 | +8.4% |
| Other operating charges | 640/8 | €126 | €127 | +€1 | +1.0% |
| Gross operating margin | 9900 | €276,167 | €271,133 | -€5,034 | -1.8% |
| Operating profit (loss) | 9901 | €194,103 | €178,820 | -€15,283 | -7.9% |
| Financial income | 75/76B | €5,205 | €10,738 | +€5,533 | +106% |
| Recurring financial income | 75 | €5,205 | €10,738 | +€5,533 | +106% |
| Financial charges | 65/66B | €14,968 | €15,641 | +€673 | +4.5% |
| Recurring financial charges | 65 | €14,968 | €15,641 | +€673 | +4.5% |
| Profit (loss) for the period before taxes | 9903 | €184,341 | €173,917 | -€10,423 | -5.7% |
| Income taxes | 67/77 | €56,022 | €52,708 | -€3,314 | -5.9% |
| Profit (loss) for the period | 9904 | €128,319 | €121,209 | -€7,110 | -5.5% |
| Transfer from tax-exempt reserves | 789 | €25,260 | - | -€25,260 | |
| Profit (loss) for the period to be appropriated | 9905 | €153,579 | €121,209 | -€32,370 | -21.1% |
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 24 October 2026 via checked.be.