Heyselberghs Barbara: 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.
Heyselberghs Barbara
Largest movements
- Deferred charges and accrued income +€30,507
up €30,507 (+3,345%), from €912 to €31,419
- Receivables within one year -€18,401
down €18,401 (-51.1%), from €36,006 to €17,605
- Cash +€7,751
up €7,751 (+7.9%), from €98,576 to €106,327
mainly Net result for the year (+€112,128) and Other debts (+€101,100)
- Tangible fixed assets +€4,096
up €4,096 (+93.4%), from €4,385 to €8,481
of which Furniture and vehicles: +€5,080
- Other debts +€101,100
up €101,100 (+1,154%), from €8,758 to €109,858
- Reserves -€87,872
down €87,872 (-70.2%), from €125,121 to €37,249
- Tax, wage and social debts +€5,993
new in 2025: €5,993
- Trade debts +€4,732
new in 2025: €4,732
- Taxes -€2,161
down €2,161 (-6.0%), from €35,939 to €33,778
- Gross operating margin +€2,034
up €2,034 (+1.4%), from €146,606 to €148,640
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 | €139,879 | €163,832 | +€23,953 | +17.1% |
| Fixed assets | 21/28 | €4,385 | €8,481 | +€4,096 | +93.4% |
| Tangible fixed assets | 22/27 | €4,385 | €8,481 | +€4,096 | +93.4% |
| Plant, machinery and equipment | 23 | €1,237 | €253 | -€984 | -79.5% |
| Furniture and vehicles | 24 | €3,148 | €8,228 | +€5,080 | +161% |
| Current assets | 29/58 | €135,494 | €155,351 | +€19,857 | +14.7% |
| Amounts receivable within one year | 40/41 | €36,006 | €17,605 | -€18,401 | -51.1% |
| Trade receivables | 40 | €36,006 | €17,605 | -€18,401 | -51.1% |
| Cash at bank and in hand | 54/58 | €98,576 | €106,327 | +€7,751 | +7.9% |
| Deferred charges and accrued income | 490/1 | €912 | €31,419 | +€30,507 | +3,345% |
| Total equity and liabilities | 10/49 | €139,879 | €163,832 | +€23,953 | +17.1% |
| Equity | 10/15 | €131,121 | €43,249 | -€87,872 | -67.0% |
| Contributions | 10/11 | €6,000 | €6,000 | = | 0.0% |
| Reserves | 13 | €125,121 | €37,249 | -€87,872 | -70.2% |
| Distributable reserves | 133 | €125,121 | €37,249 | -€87,872 | -70.2% |
| Amounts payable | 17/49 | €8,758 | €120,583 | +€111,825 | +1,277% |
| Amounts payable within one year | 42/48 | €8,758 | €120,583 | +€111,825 | +1,277% |
| Trade debts | 44 | - | €4,732 | +€4,732 | |
| Suppliers | 440/4 | - | €4,732 | +€4,732 | |
| Taxes, remuneration and social security | 45 | - | €5,993 | +€5,993 | |
| Taxes | 450/3 | - | €5,993 | +€5,993 | |
| Other amounts payable | 47/48 | €8,758 | €109,858 | +€101,100 | +1,154% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €1,912 | €2,728 | +€816 | +42.7% |
| Gross operating margin | 9900 | €146,606 | €148,640 | +€2,034 | +1.4% |
| Operating profit (loss) | 9901 | €144,694 | €145,912 | +€1,218 | +0.8% |
| Financial income | 75/76B | €44 | €144 | +€100 | +227% |
| Recurring financial income | 75 | €44 | €144 | +€100 | +227% |
| Financial charges | 65/66B | €135 | €150 | +€15 | +11.1% |
| Recurring financial charges | 65 | €135 | €150 | +€15 | +11.1% |
| Profit (loss) for the period before taxes | 9903 | €144,603 | €145,906 | +€1,303 | +0.9% |
| Income taxes | 67/77 | €35,939 | €33,778 | -€2,161 | -6.0% |
| Profit (loss) for the period | 9904 | €108,664 | €112,128 | +€3,464 | +3.2% |
| Profit (loss) for the period to be appropriated | 9905 | €108,664 | €112,128 | +€3,464 | +3.2% |
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 17 October 2026 via checked.be.