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
- Tangible fixed assets -€113,115
down €113,115 (-2.9%), from €3.9m to €3.7m
of which Land and buildings: -€104,729
- Cash -€98,543
down €98,543 (-73.1%), from €134,780 to €36,237
mainly Net result for the year (-€216,171) and Investment in fixed assets (net) (-€177,361)
- Profit (loss) carried forward -€216,171
down €216,171 (-104%), from -€207,435 to -€423,607
- Trade debts +€83,678
up €83,678 (+25.3%), from €331,059 to €414,737
- Debts after one year -€75,615
down €75,615 (-2.7%), from €2.8m to €2.8m
of which Financial debts: -€123,615
- Gross operating margin -€87,917
down €87,917 (-26.2%), from €336,075 to €248,157
- Other operating charges +€18,366
up €18,366 (+18.0%), from €101,957 to €120,323
- Depreciation +€9,614
up €9,614 (+3.4%), from €280,862 to €290,476
- Financial charges -€8,137
down €8,137 (-41.5%), from €19,628 to €11,491
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 | €3,998,248 | €3,786,591 | -€211,657 | -5.3% |
| Fixed assets | 21/28 | €3,863,469 | €3,750,354 | -€113,115 | -2.9% |
| Tangible fixed assets | 22/27 | €3,862,616 | €3,749,501 | -€113,115 | -2.9% |
| Land and buildings | 22 | €3,839,874 | €3,735,144 | -€104,729 | -2.7% |
| Furniture and vehicles | 24 | €22,742 | €14,356 | -€8,386 | -36.9% |
| Financial fixed assets | 28 | €853 | €853 | = | 0.0% |
| Current assets | 29/58 | €134,780 | €36,237 | -€98,543 | -73.1% |
| Cash at bank and in hand | 54/58 | €134,780 | €36,237 | -€98,543 | -73.1% |
| Total equity and liabilities | 10/49 | €3,998,248 | €3,786,591 | -€211,657 | -5.3% |
| Equity | 10/15 | €672,565 | €456,393 | -€216,171 | -32.1% |
| Contributions | 10/11 | €800,000 | €800,000 | = | 0.0% |
| Capital | 10 | €800,000 | €800,000 | = | 0.0% |
| Issued capital | 100 | €800,000 | €800,000 | = | 0.0% |
| Reserves | 13 | €80,000 | €80,000 | = | 0.0% |
| Non-distributable reserves | 130/1 | €80,000 | €80,000 | = | 0.0% |
| Legal reserve | 130 | €80,000 | €80,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€207,435 | -€423,607 | -€216,171 | -104% |
| Amounts payable | 17/49 | €3,325,683 | €3,330,197 | +€4,514 | +0.1% |
| Amounts payable after more than one year | 17 | €2,837,675 | €2,762,060 | -€75,615 | -2.7% |
| Financial debts | 170/4 | €2,833,575 | €2,709,960 | -€123,615 | -4.4% |
| Other amounts payable | 178/9 | €4,100 | €52,100 | +€48,000 | +1,171% |
| Amounts payable within one year | 42/48 | €488,008 | €568,137 | +€80,129 | +16.4% |
| Current portion of amounts payable after more than one year | 42 | €117,434 | €122,854 | +€5,420 | +4.6% |
| Trade debts | 44 | €331,059 | €414,737 | +€83,678 | +25.3% |
| Suppliers | 440/4 | €331,059 | €414,737 | +€83,678 | +25.3% |
| Taxes, remuneration and social security | 45 | €28,342 | €22,710 | -€5,632 | -19.9% |
| Taxes | 450/3 | €23,492 | €17,686 | -€5,806 | -24.7% |
| Remuneration and social security | 454/9 | €4,850 | €5,024 | +€174 | +3.6% |
| Other amounts payable | 47/48 | €11,173 | €7,836 | -€3,337 | -29.9% |
| Non-recurring operating income | 76A | €53,211 | - | -€53,211 | |
| Remuneration, social security and pensions | 62 | €43,945 | €42,039 | -€1,905 | -4.3% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €280,862 | €290,476 | +€9,614 | +3.4% |
| Other operating charges | 640/8 | €101,957 | €120,323 | +€18,366 | +18.0% |
| Non-recurring operating charges | 66A | €48,833 | - | -€48,833 | |
| Gross operating margin | 9900 | €336,075 | €248,157 | -€87,917 | -26.2% |
| Operating profit (loss) | 9901 | -€139,521 | -€204,680 | -€65,159 | -46.7% |
| Financial charges | 65/66B | €19,628 | €11,491 | -€8,137 | -41.5% |
| Recurring financial charges | 65 | €19,628 | €11,491 | -€8,137 | -41.5% |
| Profit (loss) for the period before taxes | 9903 | -€159,149 | -€216,171 | -€57,022 | -35.8% |
| Profit (loss) for the period | 9904 | -€159,149 | -€216,171 | -€57,022 | -35.8% |
| Profit (loss) for the period to be appropriated | 9905 | -€159,149 | -€216,171 | -€57,022 | -35.8% |
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 27 October 2026 via checked.be.