HEYVER: 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.
HEYVER
Largest movements
- Tangible fixed assets +€422,317
up €422,317 (+45.3%), from €931,741 to €1.4m
of which Land and buildings: +€428,966
- Cash -€100,633
down €100,633 (-16.3%), from €618,391 to €517,758
mainly Investment in fixed assets (net) (-€445,815) and Net result for the year (-€32,098)
- Trade debts +€349,695
up €349,695 (+3,821%), from €9,151 to €358,846
- Gross operating margin +€34,920
up €34,920 (+55.1%), from -€63,395 to -€28,475
- Financial income +€11,470
up €11,470 (+109%), from €10,547 to €22,017
- Other operating charges +€2,917
up €2,917 (+189%), from €1,543 to €4,460
- Depreciation +€2,596
up €2,596 (+12.4%), from €20,902 to €23,498
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 | €1,562,558 | €1,885,858 | +€323,300 | +20.7% |
| Fixed assets | 21/28 | €931,741 | €1,354,058 | +€422,317 | +45.3% |
| Tangible fixed assets | 22/27 | €931,741 | €1,354,058 | +€422,317 | +45.3% |
| Land and buildings | 22 | €897,759 | €1,326,725 | +€428,966 | +47.8% |
| Plant, machinery and equipment | 23 | €6,543 | €6,164 | -€379 | -5.8% |
| Furniture and vehicles | 24 | €27,440 | €21,169 | -€6,271 | -22.9% |
| Current assets | 29/58 | €630,817 | €531,800 | -€99,017 | -15.7% |
| Amounts receivable within one year | 40/41 | €12,223 | €14,042 | +€1,819 | +14.9% |
| Other amounts receivable | 41 | €12,223 | €14,042 | +€1,819 | +14.9% |
| Cash at bank and in hand | 54/58 | €618,391 | €517,758 | -€100,633 | -16.3% |
| Deferred charges and accrued income | 490/1 | €203 | - | -€203 | |
| Total equity and liabilities | 10/49 | €1,562,558 | €1,885,858 | +€323,300 | +20.7% |
| Equity | 10/15 | €1,480,964 | €1,448,866 | -€32,098 | -2.2% |
| Reserves | 13 | €1,579,504 | €1,564,925 | -€14,579 | -0.9% |
| Tax-exempt reserves | 132 | €291,586 | €277,006 | -€14,579 | -5.0% |
| Distributable reserves | 133 | €1,287,919 | €1,287,919 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€98,541 | -€116,059 | -€17,518 | -17.8% |
| Provisions and deferred taxes | 16 | €58,750 | €55,813 | -€2,938 | -5.0% |
| Deferred taxes | 168 | €58,750 | €55,813 | -€2,938 | -5.0% |
| Amounts payable | 17/49 | €22,845 | €381,180 | +€358,335 | +1,569% |
| Amounts payable within one year | 42/48 | €22,845 | €381,180 | +€358,335 | +1,569% |
| Trade debts | 44 | €9,151 | €358,846 | +€349,695 | +3,821% |
| Suppliers | 440/4 | €9,151 | €358,846 | +€349,695 | +3,821% |
| Other amounts payable | 47/48 | €13,694 | €22,334 | +€8,640 | +63.1% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €20,902 | €23,498 | +€2,596 | +12.4% |
| Other operating charges | 640/8 | €1,543 | €4,460 | +€2,917 | +189% |
| Non-recurring operating charges | 66A | €22,524 | - | -€22,524 | |
| Gross operating margin | 9900 | -€63,395 | -€28,475 | +€34,920 | +55.1% |
| Operating profit (loss) | 9901 | -€108,364 | -€56,433 | +€51,930 | +47.9% |
| Financial income | 75/76B | €10,547 | €22,017 | +€11,470 | +109% |
| Recurring financial income | 75 | €10,547 | €22,017 | +€11,470 | +109% |
| Financial charges | 65/66B | €134 | €149 | +€15 | +11.2% |
| Recurring financial charges | 65 | €134 | €149 | +€15 | +11.2% |
| Profit (loss) for the period before taxes | 9903 | -€97,951 | -€34,566 | +€63,385 | +64.7% |
| Transfer from deferred taxes | 780 | - | €2,938 | +€2,938 | |
| Income taxes | 67/77 | €589 | €469 | -€120 | -20.4% |
| Profit (loss) for the period | 9904 | -€98,541 | -€32,098 | +€66,443 | +67.4% |
| Transfer from tax-exempt reserves | 789 | - | €14,579 | +€14,579 | |
| Profit (loss) for the period to be appropriated | 9905 | -€98,541 | -€17,518 | +€81,022 | +82.2% |
Source: filed annual accounts (NBB), financial years ended 30 June 2024 and 30 June 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 18 October 2026 via checked.be.