HEYVAERT IMMO: 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.
HEYVAERT IMMO
Largest movements
- Cash -€156,529
down €156,529 (-40.2%), from €389,833 to €233,304
mainly Trade debts (-€114,871) and Investment in fixed assets (net) (-€80,958)
- Tangible fixed assets +€37,064
up €37,064 (+15.8%), from €234,976 to €272,040
- Receivables within one year -€14,283
down €14,283 (-67.7%), from €21,112 to €6,828
of which Other amounts receivable: -€9,496
- Trade debts -€114,871
down €114,871 (-99.1%), from €115,859 to €988
- Tax, wage and social debts -€23,264
no longer reported in 2026 (was €23,264)
- Reserves +€11,910
up €11,910 (+4.8%), from €246,625 to €258,535
of which Distributable reserves: +€11,910
- Other debts -€7,759
no longer reported in 2026 (was €7,759)
- Gross operating margin +€22,571
up €22,571 (+28.8%), from €78,465 to €101,036
- Taxes +€12,339
up €12,339 (+336%), from €3,676 to €16,014
- Depreciation +€7,524
up €7,524 (+20.7%), from €36,370 to €43,894
From the 2025 result to the 2026 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 2025 and 2026 balance sheets and the 2026 result: not a filed cash-flow statement. It shows where the money came from and went.
Every line side by side
| Line | Code | 2025 | 2026 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €646,590 | €512,606 | -€133,984 | -20.7% |
| Fixed assets | 21/28 | €234,976 | €272,040 | +€37,064 | +15.8% |
| Tangible fixed assets | 22/27 | €234,976 | €272,040 | +€37,064 | +15.8% |
| Other tangible fixed assets | 26 | €234,976 | €272,040 | +€37,064 | +15.8% |
| Current assets | 29/58 | €411,614 | €240,566 | -€171,048 | -41.6% |
| Amounts receivable within one year | 40/41 | €21,112 | €6,828 | -€14,283 | -67.7% |
| Trade receivables | 40 | €4,787 | - | -€4,787 | |
| Other amounts receivable | 41 | €16,325 | €6,828 | -€9,496 | -58.2% |
| Cash at bank and in hand | 54/58 | €389,833 | €233,304 | -€156,529 | -40.2% |
| Deferred charges and accrued income | 490/1 | €669 | €434 | -€235 | -35.1% |
| Total equity and liabilities | 10/49 | €646,590 | €512,606 | -€133,984 | -20.7% |
| Equity | 10/15 | €494,709 | €506,619 | +€11,910 | +2.4% |
| Contributions | 10/11 | €62,000 | €62,000 | = | 0.0% |
| Capital | 10 | €62,000 | €62,000 | = | 0.0% |
| Issued capital | 100 | €62,000 | €62,000 | = | 0.0% |
| Reserves | 13 | €246,625 | €258,535 | +€11,910 | +4.8% |
| Non-distributable reserves | 130/1 | €6,200 | €6,200 | = | 0.0% |
| Legal reserve | 130 | €6,200 | €6,200 | = | 0.0% |
| Distributable reserves | 133 | €240,425 | €252,335 | +€11,910 | +5.0% |
| Profit (loss) carried forward | 14 | €186,084 | €186,084 | = | 0.0% |
| Amounts payable | 17/49 | €151,881 | €5,988 | -€145,894 | -96.1% |
| Amounts payable within one year | 42/48 | €151,881 | €5,988 | -€145,894 | -96.1% |
| Financial debts | 43 | €5,000 | €5,000 | = | 0.0% |
| Credit institutions | 430/8 | €5,000 | €5,000 | = | 0.0% |
| Trade debts | 44 | €115,859 | €988 | -€114,871 | -99.1% |
| Suppliers | 440/4 | €115,859 | €988 | -€114,871 | -99.1% |
| Taxes, remuneration and social security | 45 | €23,264 | - | -€23,264 | |
| Taxes | 450/3 | €23,264 | - | -€23,264 | |
| Other amounts payable | 47/48 | €7,759 | - | -€7,759 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €36,370 | €43,894 | +€7,524 | +20.7% |
| Other operating charges | 640/8 | €616 | €400 | -€217 | -35.1% |
| Gross operating margin | 9900 | €78,465 | €101,036 | +€22,571 | +28.8% |
| Operating profit (loss) | 9901 | €41,479 | €56,742 | +€15,264 | +36.8% |
| Financial charges | 65/66B | €1,047 | €573 | -€473 | -45.2% |
| Recurring financial charges | 65 | €1,047 | €573 | -€473 | -45.2% |
| Profit (loss) for the period before taxes | 9903 | €40,432 | €56,169 | +€15,737 | +38.9% |
| Income taxes | 67/77 | €3,676 | €16,014 | +€12,339 | +336% |
| Profit (loss) for the period | 9904 | €36,757 | €40,155 | +€3,398 | +9.2% |
| Profit (loss) for the period to be appropriated | 9905 | €36,757 | €40,155 | +€3,398 | +9.2% |
Source: filed annual accounts (NBB), financial years ended 31 March 2025 and 31 March 2026. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 27 October 2026 via checked.be.