HEYSE: what changed
Two fiscal 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.
HEYSE
Largest movements
- Cash -€24,276
down €24,276 (-19.3%), from €125,896 to €101,620
mainly Investment in fixed assets (net) (-€45,950) and Stocks and contracts (-€16,371)
- Stocks and contracts +€16,371
up €16,371 (+147.5%), from €11,100 to €27,471
- Receivables within one year +€10,005
up €10,005 (+298.7%), from €3,349 to €13,354
- Tangible fixed assets +€7,342
up €7,342 (+2.4%), from €301,248 to €308,590
of which Furniture and vehicles: +€40,408
- Debts after one year +€12,030
up €12,030 (+36.6%), from €32,907 to €44,937
- Staff costs +€8,205
up €8,205 (+30.5%), from €26,920 to €35,125
- Taxes -€7,049
down €7,049, from €3,185 to -€3,864
- Depreciation +€2,561
up €2,561 (+7.1%), from €36,047 to €38,608
- Other operating charges -€1,023
down €1,023 (-9.4%), from €10,876 to €9,853
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.
Cash bridge derived
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 | €441,593 | €451,034 | +€9,441 | +2.1% |
| Fixed assets | 21/28 | €301,248 | €308,590 | +€7,342 | +2.4% |
| Tangible fixed assets | 22/27 | €301,248 | €308,590 | +€7,342 | +2.4% |
| Land and buildings | 22 | €220,250 | €206,503 | -€13,748 | -6.2% |
| Plant, machinery and equipment | 23 | €80,349 | €61,031 | -€19,318 | -24.0% |
| Furniture and vehicles | 24 | €649 | €41,056 | +€40,408 | +6228.9% |
| Leasing and similar rights | 25 | €0 | €0 | = | |
| Current assets | 29/58 | €140,345 | €142,445 | +€2,099 | +1.5% |
| Stocks and contracts in progress | 3 | €11,100 | €27,471 | +€16,371 | +147.5% |
| Stocks | 30/36 | €11,100 | €27,471 | +€16,371 | +147.5% |
| Amounts receivable within one year | 40/41 | €3,349 | €13,354 | +€10,005 | +298.7% |
| Other amounts receivable | 41 | €3,349 | €13,354 | +€10,005 | +298.7% |
| Cash at bank and in hand | 54/58 | €125,896 | €101,620 | -€24,276 | -19.3% |
| Total equity and liabilities | 10/49 | €441,593 | €451,034 | +€9,441 | +2.1% |
| Equity | 10/15 | €335,771 | €336,300 | +€529 | +0.2% |
| Contributions | 10/11 | €59,305 | €59,305 | = | 0.0% |
| Reserves | 13 | €159,664 | €159,664 | = | 0.0% |
| Non-distributable reserves | 130/1 | €149,160 | €149,160 | = | 0.0% |
| Reserves not available under the articles | 1311 | €7,437 | €7,437 | = | 0.0% |
| Other | 1319 | €141,723 | €141,723 | = | 0.0% |
| Distributable reserves | 133 | €10,504 | €10,504 | = | 0.0% |
| Profit (loss) carried forward | 14 | €116,802 | €117,331 | +€529 | +0.5% |
| Amounts payable | 17/49 | €105,822 | €114,734 | +€8,912 | +8.4% |
| Amounts payable after more than one year | 17 | €32,907 | €44,937 | +€12,030 | +36.6% |
| Financial debts | 170/4 | €32,907 | €44,937 | +€12,030 | +36.6% |
| Amounts payable within one year | 42/48 | €72,915 | €69,798 | -€3,118 | -4.3% |
| Current portion of amounts payable after more than one year | 42 | €27,699 | €27,353 | -€346 | -1.2% |
| Trade debts | 44 | €37,020 | €38,434 | +€1,415 | +3.8% |
| Suppliers | 440/4 | €37,020 | €38,434 | +€1,415 | +3.8% |
| Taxes, remuneration and social security | 45 | €4,010 | €4,010 | +€0 | 0.0% |
| Remuneration and social security | 454/9 | €4,010 | €4,010 | +€0 | 0.0% |
| Other amounts payable | 47/48 | €4,187 | - | -€4,187 | |
| Non-recurring operating income | 76A | - | €1,500 | +€1,500 | |
| Remuneration, social security and pensions | 62 | €26,920 | €35,125 | +€8,205 | +30.5% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €36,047 | €38,608 | +€2,561 | +7.1% |
| Other operating charges | 640/8 | €10,876 | €9,853 | -€1,023 | -9.4% |
| Gross operating margin | 9900 | €84,558 | €84,304 | -€254 | -0.3% |
| Operating profit (loss) | 9901 | €10,716 | €719 | -€9,997 | -93.3% |
| Financial income | 75/76B | €312 | - | -€312 | |
| Recurring financial income | 75 | €312 | - | -€312 | |
| Financial charges | 65/66B | €4,044 | €4,054 | +€10 | +0.2% |
| Recurring financial charges | 65 | €4,044 | €4,054 | +€10 | +0.2% |
| Profit (loss) for the period before taxes | 9903 | €6,983 | -€3,335 | -€10,319 | |
| Income taxes | 67/77 | €3,185 | -€3,864 | -€7,049 | |
| Profit (loss) for the period | 9904 | €3,799 | €529 | -€3,270 | -86.1% |
| Profit (loss) for the period to be appropriated | 9905 | €3,799 | €529 | -€3,270 | -86.1% |
Source: filed annual accounts (NBB), fiscal years ended 30 September 2024 and 30 September 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 5 October 2026 via checked.be.