HEYSTONE: 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.
HEYSTONE
Largest movements
- Cash +€141,694
up €141,694 (+199.8%), from €70,926 to €212,620
mainly Current investments (+€125,000) and Debts after one year (+€123,072)
- Current investments -€125,000
no longer reported in 2025 (was €125,000)
- Tangible fixed assets +€89,655
up €89,655 (+6.7%), from €1.3m to €1.4m
- Debts after one year +€123,072
new in 2025: €123,072
- Other debts -€34,764
down €34,764 (-29.1%), from €119,286 to €84,522
- Current portion of long-term debt +€33,038
new in 2025: €33,038
- Depreciation +€4,646
up €4,646 (+5.8%), from €80,387 to €85,033
- Financial income +€4,090
up €4,090 (+1181.1%), from €346 to €4,436
- Gross operating margin +€1,441
up €1,441 (+1.5%), from €97,693 to €99,133
- Other operating charges +€1,334
up €1,334 (+6.1%), from €21,944 to €23,279
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 | €2,050,430 | €2,167,865 | +€117,435 | +5.7% |
| Fixed assets | 21/28 | €1,797,008 | €1,886,663 | +€89,655 | +5.0% |
| Tangible fixed assets | 22/27 | €1,347,008 | €1,436,663 | +€89,655 | +6.7% |
| Land and buildings | 22 | €1,347,008 | €1,436,663 | +€89,655 | +6.7% |
| Financial fixed assets | 28 | €450,000 | €450,000 | = | 0.0% |
| Current assets | 29/58 | €253,422 | €281,201 | +€27,780 | +11.0% |
| Amounts receivable within one year | 40/41 | €56,385 | €67,445 | +€11,060 | +19.6% |
| Trade receivables | 40 | €56,305 | €66,193 | +€9,888 | +17.6% |
| Other amounts receivable | 41 | €80 | €1,252 | +€1,172 | +1463.0% |
| Current investments | 50/53 | €125,000 | - | -€125,000 | |
| Cash at bank and in hand | 54/58 | €70,926 | €212,620 | +€141,694 | +199.8% |
| Deferred charges and accrued income | 490/1 | €1,111 | €1,137 | +€26 | +2.3% |
| Total equity and liabilities | 10/49 | €2,050,430 | €2,167,865 | +€117,435 | +5.7% |
| Equity | 10/15 | €1,926,169 | €1,919,544 | -€6,624 | -0.3% |
| Contributions | 10/11 | €2,179,738 | €2,179,738 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€253,569 | -€260,194 | -€6,624 | -2.6% |
| Amounts payable | 17/49 | €124,261 | €248,320 | +€124,059 | +99.8% |
| Amounts payable after more than one year | 17 | - | €123,072 | +€123,072 | |
| Financial debts | 170/4 | - | €123,072 | +€123,072 | |
| Amounts payable within one year | 42/48 | €124,261 | €125,249 | +€987 | +0.8% |
| Current portion of amounts payable after more than one year | 42 | - | €33,038 | +€33,038 | |
| Trade debts | 44 | €968 | €2,488 | +€1,520 | +157.1% |
| Suppliers | 440/4 | €968 | €2,488 | +€1,520 | +157.1% |
| Taxes, remuneration and social security | 45 | €4,008 | €5,200 | +€1,193 | +29.8% |
| Taxes | 450/3 | €4,008 | €5,200 | +€1,193 | +29.8% |
| Other amounts payable | 47/48 | €119,286 | €84,522 | -€34,764 | -29.1% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €80,387 | €85,033 | +€4,646 | +5.8% |
| Other operating charges | 640/8 | €21,944 | €23,279 | +€1,334 | +6.1% |
| Gross operating margin | 9900 | €97,693 | €99,133 | +€1,441 | +1.5% |
| Operating profit (loss) | 9901 | -€4,639 | -€9,178 | -€4,539 | -97.9% |
| Financial income | 75/76B | €346 | €4,436 | +€4,090 | +1181.1% |
| Recurring financial income | 75 | €346 | €4,436 | +€4,090 | +1181.1% |
| Financial charges | 65/66B | €2,105 | €1,744 | -€361 | -17.1% |
| Recurring financial charges | 65 | €2,105 | €1,744 | -€361 | -17.1% |
| Profit (loss) for the period before taxes | 9903 | -€6,398 | -€6,486 | -€88 | -1.4% |
| Income taxes | 67/77 | €150 | €138 | -€12 | -8.1% |
| Profit (loss) for the period | 9904 | -€6,548 | -€6,624 | -€76 | -1.2% |
| Profit (loss) for the period to be appropriated | 9905 | -€6,548 | -€6,624 | -€76 | -1.2% |
Source: filed annual accounts (NBB), fiscal years ended 30 June 2024 and 30 June 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 4 October 2026 via checked.be.